Industry

Small businesses seek rapid rent relief measures as Trudeau promises more support

TORONTO – Small businesses are hoping for promised rent relief from both landlords and government as the COVID-19-related shutdown drags on and their bills pile up. The urgency comes as some landlords have already started issuing eviction notices for businesses that didn’t pay April rent, while those who were able to pay are stressed about […]

By Jason Contant | April 16, 2020

5 min read

Who PACICC has added to its board of directors

David MacNaughton (pictured), president of Palantir Canada and former ambassador to the United States, is now a board member of Property and Casualty Insurance Compensation Corporation (PACICC). Also joining the PACICC board are Christian Fournier, president and chief operating officer of La Capitale Financial Group, and Brian Esau, president and CEO of Red River Mutual. […]

By Greg Meckbach | April 15, 2020

2 min read

Economic downturn from COVID-19 will be sharpest on record, Bank of Canada warns

OTTAWA – The Bank of Canada is warning that the downturn tied to COVID-19 will be the worst on record and that the economic recovery will depend on the effectiveness of current measures to bring the pandemic under control. The pandemic has forced companies to close and workers to stay at home as much as […]

By Jason Contant | April 15, 2020

2 min read

How Intact views potential acquisitions during pandemic

Despite the massive disruptions from the COVID-19 pandemic, Intact Financial Corp. is keeping its eye on potential mergers. “We want to make sure we have capital ready to be deployed for growth – both organic and through mergers and acquisitions,” Intact CEO Charles Brindamour said during a recent virtual fireside chat with Mario Mendonca, managing […]

By Greg Meckbach | April 13, 2020

2 min read