Jonathan Frostick’s first resolution after suffering a heart attack in April was to cut down on video conferencing at work. “I’m not spending all day on zoom (sic) anymore,” the London, U.K.-based program manager financial services firm HSBC, wrote on LinkedIn last month.“I’m restructuring my approach to work,” Frostick continued. “I’m really not going to be putting up with any s#%t at work ever again — life literally is too short.”The vow struck a chord. The post has attracted more 295,000 likes and 15,000 comments so far, with readers sympathizing with Frostick and sharing readmore
AstraZeneca said its COVID-19 vaccine sales were $275 million in the first-quarter and it is on track to deliver 200 million doses a month from April, as better-than-expected results and a second-half growth forecast boosted its shares. Chief Executive Pascal Soriot again defended the vaccine rollout on Friday, saying that Anglo-Swedish drugmaker had not overpromised on its ability to supply shots, as he defended big cuts in deliveries that prompted a European Union lawsuit.READ MORE: ‘Demand is outstripping the supply’ — Is Canada running out of AstraZeneca COVID-19 vaccines?AstraZeneca, which has said it will not make a profit from the shot readmore
Following months of public pressure prompted by a surge in COVID-19 cases, the Ontario government has finally announced its paid sick leave program. The Ontario COVID-19 Worker Income Protection Program is retroactive, beginning April 19 and ending on Sept. 25. It includes access to three paid sick days, and the province has agreed to reimburse employers 100 per cent of the employee’s wage for up to $200 a day. Read more: Ontario’s COVID-19 paid sick leave program to include 3 days for workers For some, the announcement marks a victory for employees that has been a long time coming.“It’s a breakthrough readmore
The Bank of Canada is expecting strong consumption-led growth in the second half of the year as vaccinations against COVID-19 continue, Governor Tiff Macklem said on Tuesday. In comments to the House of Commons finance committee, he reiterated that considerable uncertainty surrounded the central bank‘s forecast that economic slack should be absorbed in the second half of next year. Read more: Bank of Canada keeps rates at 0.25%, raises country’s economic outlook The bank signaled last week it could start hiking rates from their record lows in late 2022, as it sharply boosted its outlook for the Canadian economy and readmore
Finance Minister Chrystia Freeland’s budget pledges the federal government will pony up $30 billion over the next five years to create a Canada-wide early learning system and a permanent funding increase of $8.3 billion per year thereafter. The goal is to cut childcare fees in registered centres in half by the end of 2022 and eventually reduce the cost of childcare to $10 per day by 2026, the budget said.READ MORE: Federal budget delivers big promises on childcare, tamer housing measuresBut Alberta — along with Manitoba and Ontario — has already voiced skepticism about the federal government’s offer, which comes with an emphasis on readmore
Canada’s provincial and federal government debt has ballooned during the COVID-19 pandemic, as it has for governments around the world, as they cope with both the costs of a health emergency and the need to use taxpayer dollars to prop up their economies.But in Canada, some of the new public spending will settle at a permanently higher level or resume an upward trend once life goes back to normal, some economists say. Read more: How Canada’s federal budget affects benefits, taxes, and the minimum wage In Ottawa, the 2021 federal budget is eyeing a slew of new measures — readmore
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