Sobeys Brings Back Bonus Pay For Staff Working In Lockdown Regions

STELLARTON, N.S. — Sobeys says it is bringing back pay premiums for staff in locations where COVID-19 lockdowns are in effect.   Parent company Empire Company Limited says it has reinstated so-called hero pay in Manitoba, Toronto and Peel Region in Ontario as rising cases of the virus in those areas have prompted the shutdown of non-essential businesses. Each week, eligible employees will receive between $10 and $100 extra, depending on how many hours they work and how long the government lockdowns last. Empire says it currently expects to spend $5 million per quarter on the program, but that could change if further lockdowns are introduced. The company offered extra… Read More

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Canada’s Top Banker Chuckles When Asked About ‘Great Reset’ Conspiracy Theory

OTTAWA — A conspiracy theory found its way into a federal finance committee meeting Thursday after a Liberal MP asked Canada’s top central banker if there’s any merit to the “great reset.” London North Centre MP Peter Fragiskatos asked about an idea that “the elite” in politics and the financial sector are conspiring on an international level to use the pandemic to “remake the world in some sort of socialist image.”  “I can’t believe I’m asking this question at a parliamentary committee, but trust is the essential glue of democracy,” Fragiskatos said. “Is there any merit to this idea?” The question made Bank of Canada Governor Tiff Macklem chuckle. “As… Read More

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Toronto New Condo Prices Soar To Nearly $1 Million As Sales Drop 32%

Sales of new condos in Canada’s largest metro area are running out of steam, but the people who are still buying are spending more than ever. The benchmark price of a new condominium apartment in Greater Toronto jumped 18.8 per cent over the past year, to just short of the $1-million mark, at $990,880, according to numbers for October from the Building Industry and Land Development Association (BILD).  But sales of new condos in the metro area were down nearly 32 per cent compared to a year earlier. The City of Toronto led the way, with a 46-per-cent drop in sales.  Watch: Why real estate could be entering a prolonged… Read More

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Canada’s Richest 44 People Got $53 Billion Wealthier Since The Pandemic: Report

The idea that Canada’s economic inequality problem isn’t as bad as the U.S.’s is a “convenient fiction,” says a new report calling for a wealth tax on multi-millionaires. Canada’s richest one per cent have seen their share of the country’s wealth grow while all other groups have seen theirs shrink, said the report from Canadians for Tax Fairness, released Thursday. It found that the number of billionaires in Canada, and the wealth they hold, doubled between 2010 and 2019. Citing several previously published studies, the CTF report found that Canada’s 100 richest people hold as much wealth as the 12 million poorest. Watch: Elon Musk becomes world’s second-richest person. Story… Read More

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Ontario Moves To Limit Delivery App Fees In Takeout-Only Areas

TORONTO — Ontario is moving to cap the fees third-party delivery apps impose on restaurants in regions where indoor dining is prohibited, a senior government source says. The Progressive Conservative government is poised to introduce legislation today that would give the province the authority to temporarily limit how much apps such as UberEats and DoorDash can charge restaurants in the grey or lockdown COVID-19 restriction zone for their services, according to the source. Documents obtained by The Canadian Press say companies who contravene the proposed law could face fines of up to $10 million. The source says the limit has not yet been set but the province is looking at… Read More

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Ontario Moves To Limit Delivery App Fees In Takeout-Only Areas

TORONTO — Ontario is moving to cap the fees third-party delivery apps impose on restaurants in regions where indoor dining is prohibited, a senior government source says. The Progressive Conservative government is poised to introduce legislation today that would give the province the authority to temporarily limit how much apps such as UberEats and DoorDash can charge restaurants in the grey or lockdown COVID-19 restriction zone for their services, according to the source. Documents obtained by The Canadian Press say companies who contravene the proposed law could face fines of up to $10 million. The source says the limit has not yet been set but the province is looking at… Read More

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