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Air Canada to suspend Rouge operations indefinitely, lay off 80 employees

Air Canada to suspend Rouge operations indefinitely, lay off 80 employees

MONTREAL — Air Canada will pause all operations of its Rouge aircraft indefinitely and lay off 80 employees starting Feb. 8, the latest round of cuts at Canada's struggling airlines.
BCE plans to spend $1 billion more to double 5G coverage over two years

BCE plans to spend $1 billion more to double 5G coverage over two years

BCE Inc. is launching what executives call the biggest investment program in the company's history as it speeds up plans for its 5G and fibre networks.
Montreal airport estimates $300 million loss for 2020, raises fees amid budget crunch

Montreal airport estimates $300 million loss for 2020, raises fees amid budget crunch

Montreal's airport authority estimates that it will have a shortfall of $300 million for 2020, as low travel demand takes a financial toll on airports nationwide.

Yellen warns of 'tough months' ahead, urges congress to act

WASHINGTON — Treasury Secretary Janet Yellen warned of “tough months ahead” with COVID-19 continuing to flare, making it critical that Congress pass President Joe Biden's $1.9 trillion relief package.
Boeing to outsource IT work to Dell, eliminate 600 jobs

Boeing to outsource IT work to Dell, eliminate 600 jobs

SEATTLE — Boeing Co. has said it will outsource a significant amount of information technology work to Dell starting in April, including support of cloud services, databases and information technology. The move is expected to eliminate 600 jobs.
Lightspeed POS reports US$42.7M Q3 loss, trouble landing new customers amid pandemic

Lightspeed POS reports US$42.7M Q3 loss, trouble landing new customers amid pandemic

Prolonged lockdowns meant to quell the spread of COVID-19 are making it tough for Lightspeed POS Inc. to pick up new customers.

US unemployment claims fall to 779,000 but job cuts grind on

WASHINGTON — The number of Americans seeking unemployment benefits declined to 779,000 last week, a still-historically high total that shows that a sizable number of people keep losing jobs to the viral pandemic.
US productivity in Q4 falls by largest amount in 39 years

US productivity in Q4 falls by largest amount in 39 years

WASHINGTON — U.S. productivity in the October-December quarter fell by the largest amount in 39 years as the coronavirus pandemic roiled the labour market. Productivity dropped at a rate of 4.
Falling rents amid pandemic present opportunity for tenants to negotiate

Falling rents amid pandemic present opportunity for tenants to negotiate

Thanks to the COVID-19 pandemic, tenants in many parts of the country are witnessing something they haven't seen in years: falling rent prices.
1 tweet from Rihanna on farmer protests gets India incensed

1 tweet from Rihanna on farmer protests gets India incensed

NEW DELHI — It took just one tweet from Rihanna to anger the Indian government and supporters of Prime Minister Narendra Modi's party.