Housing market 'moderately' vulnerable amid potential overvaluation of homes: CMHC

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    Economic CTV News
    TORONTO -- A well-known Canadian toy maker is adding mask-making to its business model, in hopes of ensuring Canada doesn’t experience another dangerously low supply of personal protective equipment. Irwin Toy has been making children’s games for nearly a century. Source
  • Ailing Samsung Electronics chief Lee Kun-Hee dies

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    SEOUL, KOREA, REPUBLIC OF -- Samsung says Lee Kun-Hee, the ailing chairman of Samsung Electronics, has died. A Samsung statement says Lee died on Sunday with his family members, including his son and de facto company chief Lee Jae-yong, by his side. Source
  • Ailing Samsung Electronics chief Lee Kun-Hee dies at 78

    Economic CTV News
    SEOUL, KOREA, REPUBLIC OF -- Lee Kun-Hee, the ailing Samsung Electronics chairman who transformed the small television maker into a global giant of consumer electronics, has died. He was 78. A Samsung statement said Lee died on Sunday with his family members, including his son and de facto company chief Lee Jae-yong, by his side. Source
  • Airline industry still waiting for federal relief package after demand takes a nosedive

    Economic CTV News
    OTTAWA -- Canada’s beleaguered airline industry is warning that some flights to smaller, distant communities could soon be grounded. WestJet has already cancelled most flights into Atlantic Canada and now regional airlines say they need government help to keep servicing other routes, including northern communities heavily dependent on air travel. Source
  • Hospitality workers urge Ottawa to put employees first in any COVID-19 related bailout

    Economic CBC News
    Canada's hard-hit hospitality industry is asking for more help from government to survive the economic impact of COVID-19. But even as hotel owners are seeking more aid from Ottawa, some workers say they're not making good use of relief programs already out there. Source
  • U.S. government approves alliance between WestJet and Delta, with conditions

    Economic CTV News
    WASHINGTON, WASH. -- The U.S. Department of Transportation has granted tentative approval of an alliance agreement between WestJet Airlines and Delta Air Lines. The airlines intend to co-ordinate services, including network planning, pricing, and sales activities. Source
  • Canadian companies that have filed for creditor protection since pandemic began

    Economic CTV News
    TORONTO -- A list of some of the companies that have taken steps under the Companies' Creditors Arrangement Act or Bankruptcy and Insolvency Act since the beginning of the pandemic: Oct. 23:Le Chateau Inc. (apparel retailer) Source
  • Automaker Daimler rebounds after lockdowns, raises outlook

    Economic CTV News
    FRANKFURT -- Daimler, the maker of Mercedes-Benz luxury cars and Freightliner trucks, saw third-quarter profit rebound as the company clamped down on costs and auto sales recovered after the coronavirus lockdowns of earlier in the year. Source
  • Clothing retailer Le Chateau files for CCAA protection, plans to close its doors

    Economic CTV News
    MONTREAL -- Le Chateau Inc. says it is seeking court protection from creditors to allow it to shut down and liquidate its assets. Le Chateau's application under the Companies' Creditors Arrangement Act will be heard today by a Quebec court. Source
  • Le Chateau files for court protection, plans to shut down

    Economic CTV News
    MONTREAL -- After 60 years in operation, Le Chateau Inc. is seeking court protection from creditors to allow it to liquidate its assets and close its stores. The Montreal-based company said Friday that it has spent much of the COVID-19 pandemic trying to refinance or sell the business to a third party that would keep it in operation, but was unsuccessful. Source