Second lockdown could slow Ontario’s economic recovery as it faces $37B deficit: fiscal watchdog
Project real GDP decline of 6.8% is better than expected, but would still be the largest annual drop on record.
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Mayfair Theatre sells furniture naming rights, considers streaming service amid COVID-19 shutdown
Customers can pay to have their names on a theatre wall, as well as on couches, above emergency exits and even bathroom stalls.
Landlords sue Hudson’s Bay for unpaid rent; retailer says malls aren’t ‘first class’
Claims of unpaid rent include $875,680 at Les Promenades Gatineau.
WestJet suspends Ottawa-Halifax flights as part of Atlantic Canada service cuts
The airline had already reduced the frequency of flights between Ottawa and the Nova Scotia city from once daily to twice weekly during the pandemic.
Five Canadian business stories to watch this week
A preview of the stories that will be making headlines in the days ahead.
Ontario real estate association calls for agents to halt open houses
Agents and brokers can still follow safety precautions for private showings, which involve less risk than an afternoon drop-in model.
Feds, Ontario ante up millions to produce electric vehicles at Ford’s Oakville plant
Agreement will have a significant impact on the industry’s supply chain, Trudeau said from Ford’s connectivity and innovation centre in Kanata.
Backed by new foundation, Canadian Museum of Nature acquires mineral collection
Newly announced Nature Foundation is an independent charitable organization to support the museum’s collections, research and education.
Indebted Canadian businesses more ‘fragile’ than during initial COVID-19 wave, BDC economist warns
BDC survey says the top priority of business owners is getting their financial houses in order, including reducing operating costs and improving cash flow.
Liberals’ ‘supercluster’ program falling short of promised jobs, economic growth
Program aims to bring business, academic institutions and other non-profits together for research projects that could have economic benefits.
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