Algoma Steel CEO says feds knew about layoffs before loan
Algoma Steel's CEO reveals federal government was aware of impending job cuts before approving a $400 million loan. Read the full story on the timing and impact of Trump's tariffs.
Category : Search result: Canadian bank layoffs
Saskatoon Food Bank kicks off biggest annual campaign
The Saskatoon Food Bank and Learning Centre launches its largest annual holiday drive with a significant donation boost. Learn how the community can help fight hunger this season.
41,000 Ontario Jobs Lost to U.S. Tariffs as Trade Talks Stall
Prime Minister Mark Carney faces mounting pressure to engage with President Trump as U.S. tariffs devastate Canadian manufacturing, with Algoma Steel's layoffs pushing job losses past 41,000. Read the analysis.
B.C. pulp mill closure leaves 350 out of work
A British Columbia pulp mill is shutting down, resulting in 350 job losses. The closure highlights ongoing challenges in Canada's forestry and manufacturing sectors.
Algoma Steel lays off 1,000, cites U.S. tariffs
Algoma Steel CEO Michael Garcia says U.S. tariffs have closed the American market, forcing 1,000 painful layoffs. Get the full story on this major blow to Northern Ontario's economy.
Laurentian Bank Sale: Customer Impact Explained
Laurentian Bank's sale to National Bank is finalized. Learn what this means for account holders, services, and the future of banking in Canada. Get the full details here.
Laurentian Bank announces sale to Fairstone, National Bank
Laurentian Bank of Canada has finalized its sale, with assets divided between Fairstone Bank and National Bank. Get the details on this significant shift in Canadian banking.
Algoma Steel Lays Off 1,000, Blames Trump Tariffs
Algoma Steel is cutting 40% of its workforce, citing U.S. tariffs and a forced shift to electric arc steelmaking. The layoffs come just two weeks after a major government bailout.
Toys R Us Closing Most Quebec Stores, 68 Layoffs
Toys R Us Canada is shutting down three Quebec stores in January, leaving only one location in the province. The closures will result in 68 layoffs. Learn about the retail shift.
Algoma Steel to Lay Off 1,000 Workers
Algoma Steel announces 1,000 layoffs in Sault Ste. Marie, citing difficult market conditions and trade pressures. Read about the impact and federal support.
Algoma Steel lays off 1,000 after U.S. tariffs hit
Northern Ontario's Algoma Steel announces 1,000 layoffs and CEO retirement after U.S. tariffs severely impact quarterly results. Read the full story on the economic fallout.
Food Bank Use at Alarming High in Canada
Food bank reliance in Canada has hit a critical level. Learn the key facts and discover concrete ways you can support your community during this urgent time of need.
Veterans Food Bank donations down 80%, needs help
The Veterans Association Food Bank in Calgary reports an 80% decline in donations, putting veteran support services at risk. Community assistance urgently needed.
Economists raise red flags about Q3 GDP blowout
Canadian economy grew at 2.6% annualized in Q3, beating expectations, but economists warn underlying data shows domestic weakness and potential Q4 contraction.
Weak Jobs Data Signals Need for Bank of Canada Rate Cuts
New payroll data reveals Canada's job market is weaker than believed, with 58,000 positions lost in September. Economist David Rosenberg says this cries out for more Bank of Canada rate cuts.
Shopify lays off staff to keep team focused
Canadian e-commerce giant Shopify implements workforce reductions to maintain operational efficiency despite strong financial performance and revenue growth of 26%.
Guelph senior loses $15K in bank card scam
Guelph police issue urgent warning after senior loses nearly $15,000 in sophisticated bank card scam. Learn how to protect yourself from financial fraud.
Apple Cuts Sales Jobs in Rare Layoff
Apple Inc. has eliminated dozens of sales roles in a rare organizational layoff, streamlining its approach to business, education, and government clients.
UPEI food bank visits surge 60% as costs rise
University of Prince Edward Island campus food bank records dramatic 60% increase in student visits between 2022-2024 as living costs skyrocket. Learn how students are coping.
Bell Canada Slashes Nearly 700 Management Jobs
Bell Canada parent company BCE Inc. eliminates nearly 700 positions in a 'difficult but necessary decision' to align with its strategic growth plan and cost-saving targets.
Bell Canada cuts 700 jobs in restructuring move
Bell Canada announces nearly 700 job cuts as part of strategic restructuring for sustainable growth. Details on the telecommunications giant's workforce reduction plan.
Verizon cutting 13,000 jobs in company reorientation
Verizon is eliminating more than 13,000 positions as the telecommunications giant works to reorient its entire business strategy. Get the latest details on this significant workforce reduction.
PSAC: Federal workers to learn layoff details shortly
Public Service Alliance of Canada reveals federal employees will receive potential layoff information shortly. Stay informed about government workforce changes.
PSAC: Public service layoff notices coming 'shortly'
PSAC warns 30,000 federal job cuts will devastate public services. Union urges Parliament to reject austerity budget as layoff notices loom.
Halifax charities face crisis as need rises, donations fall
Halifax charities like Parker Street Food and Furniture Bank are experiencing unprecedented demand while community donations decline. Learn how you can help support vulnerable neighbors.
Scotiabank executive reshuffle follows Canadian layoffs
Bank of Nova Scotia announces major executive changes, moving chief risk officer Phil Thomas to chief strategy role weeks after initiating Canadian layoffs.
Vancouver Tech Workers Forced into Survival Jobs
Vancouver's tech boom turns bust as AI transforms industry, forcing graduates and professionals into dog walking and retail jobs while specialized AI roles thrive.
Ottawa police seek downtown bank robbery suspect
Ottawa police are asking for public help to identify a man suspected of robbing a bank on Laurier Avenue West on October 28, 2025. Authorities have released details about the investigation.
TVA Group axes 87 television jobs in Montreal
Quebecor's TVA Group eliminates 87 television positions in Montreal due to financial challenges. Learn about the media industry restructuring and its impact.
Hudson's Bay Gifts War Memorials to TD and Legion
Hudson's Bay Company gifts historic war memorials, including the Simpson's Roll of Honour, to TD Bank and Royal Canadian Legion branches to ensure their preservation.
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