Paige Ellis
BNN Bloomberg
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Past articles by Paige:
Some major Canadian employers are delaying office returns. Here's the latest
As cases of the COVID-19 Omicron variant rise, some major Canadian employers have revealed they are postponing plans to begin or continue a return to office for employees. → Read More
Lululemon's Mirror is coming to Canada amid fears of fading at-home fitness craze
Lululemon has announced plans to start selling its Mirror home fitness device in Canada next month, just as Canadians re-evaluate their post-pandemic workout plans. → Read More
RBC cuts Air Canada rating amid 'lower for longer' recovery
RBC Capital Markets downgraded its rating on Air Canada to the equivalent of hold from buy, citing a “heightened risk” that COVID-19 variants will cap the stock’s near-term performance. → Read More
How employers can avoid backlash from COVID-19 layoffs
As jobless claims pile up in Canada, two top Toronto labour lawyers say the COVID-19 crisis has put employers in excruciating, complex and unique legal situations. → Read More
Tim Hortons' parent takes writedown on 81 million unused Roll Up The Rim cups
“Literally as we dropped off the cups in all the restaurants, COVID hit,” said Restaurant Brands International Chief Corporate Officer Duncan Fulton during a phone call Friday with BNN Bloomberg. → Read More
Opportunity vs. survival: M&A goals narrow as deal flow slows
Merger and acquisition activity in Canada has slowed amid the COVID-19 crisis, according to two prominent Bay Street lawyers, but deal hunters and businesses fearful for their survival are keeping law firms busy. → Read More
COVID-19 impact on Lightspeed sheds light on state of small, medium businesses
Canadian technology firm Lightspeed POS Inc. said it expects its financial performance to come under pressure as its customers get hammered by the COVID-19 pandemic amid ongoing social distancing measures. → Read More
WestJet's workforce cut in half amid COVID-19 pandemic
“Today, 6,900 WestJetters are receiving notices confirming early retirements, early outs and both voluntary and involuntary leaves,” said WestJet CEO Ed Sims in a press release. “This is devastating news for all WestJetters.” → Read More
Bombardier to idle Ontario, Quebec plants amid COVID-19 crackdown
Bombardier Inc. is set to announce as early as Tuesday the suspension of most activity at its Quebec and Ontario factories amid provincial crackdowns on “non-essential” services, a source directly familiar with the matter told BNN Bloomberg. → Read More
Cargojet CEO appeals for government support as freight demand surges
The chief executive of Canada’s largest air cargo carrier is appealing to the federal government for financial support, regulatory breaks and protective supplies as the company faces surging demand for its services. → Read More
Porter to halt all commercial flights until end of May
Porter Airlines is temporary halting all flights starting end-of-day Friday until the end of May, the Toronto-based carrier announced Wednesday. → Read More
Aritzia CEO warns of profit hit despite few supply disruptions amid COVID-19 pandemic
The chief executive of popular Canadian clothing chain Aritzia Inc. said the retailer has experienced few supply chain disruptions despite most of its materials coming from the world’s most virus-ravaged countries. → Read More
Analysts see Canadian grocers well positioned to withstand COVID-19 impact
Amid scenes of serpentine lines at checkout counters and empty store shelves, at least one analyst has quantified how Canada’s largest grocers may benefit from panic buying and at-home dining. → Read More
'The situation changes every half hour': Restaurant chains brace for the worst
The chief executive of Mr. Sub and Manchu Wok’s parent company said he’s not yet ordering some or all of MTY Food Group Inc.’s 7,373 locations to close to the public, but noted the situation could quickly change. → Read More
GFL slumps in NYSE debut after long-awaited IPO
Shares opened at US$17.50 on the New York Stock Exchange Tuesday after GFL raised US$1.4 billion in its initial public offering, which BNN Bloomberg learned was 2.7 times oversubscribed and drew strong interest from American investors. → Read More
Bombardier, Alstom 'close' to deal for rail unit: Source
Bombardier Inc. is “close” to reaching a deal to sell its train business to France’s Alstom SA for more than US$7 billion including debt, a source familiar with the discussions confirmed to BNN Bloomberg. → Read More
'Sell is a four-letter word': Why Bay Street got Bombardier so wrong
It was described by Bombardier Inc. as a “winning” partnership. By giving Airbus a controlling stake in its CSeries program, the Quebec-based plane and train maker could access its rival’s vast sales network, and sidestep hefty tariffs being threatened by the United States. → Read More
Apparel retailer Bench to shutter all Canadian stores
“We are closing our bricks-and-mortar stores to focus more on our e-commerce business as well as our key wholesale customers,” wrote Lawrence Routtenberg, co-president of Freemark Apparel Brands, in an email to BNN Bloomberg. → Read More
Ontario prepares to extend life of nuclear plant at centre of false emergency alert
The owner of the Pickering Nuclear Generating Station has proposed extending the plant’s life beyond its original shutdown date of 2024, the office of Ontario’s energy minister confirmed to BNN Bloomberg. → Read More
WestJet expects 737 Max software certification next month, planes to remain grounded
WestJet Airlines Ltd. expects Boeing Co.’s software update for its fleet of 737 Max jets to be certified next month, although the company still doesn’t know when the grounded aircraft will return to operations, according to an internal email obtained by BNN Bloomberg. → Read More