Covered business news for The Canadian Press from 2000 to 2021.
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Articles by David Paddon
Retirement levels expected to surge after pandemic-era slump: RBC report
By David PaddonThe Canadian Press Mon., July 12, 2021timer2 min. read TORONTO - A new report from RBC Economics says it expects a renewed surge of retirements in the second half of this year as Canada works to get past the pandemic. Senior economist Andrew Agopsowicz says in the report that the number of retirements fell about 20 per cent last year compared with the 12 months ended February 2020. He says the dip was likely a result of uncertainty about retirement savings as the pandemic arrived.
Cybersecurity insurance rates likely to rise amid escalating ransomware attacks
TORONTO — Companies looking to purchase insurance against cyberattacks in which their data is held for ransom will soon find it more expensive and difficult to obtain, according to a cybersecurity expert. Brent Arnold, a partner at law firm Gowlings WLG in Toronto, said Canada is facing a proliferation of criminal attacks that use software to lock up corporate data that can only be released by paying a ransom to get an encryption key.
Les primes d’assurance pour la cybersécurité pourraient grimper
Article réservé aux abonnés Les entreprises qui cherchent à souscrire une assurance contre les cyberattaques dans lesquelles leurs données sont détenues en échange d’une rançon devront bientôt payer plus cher, et ces couvertures seront plus difficiles à obtenir, selon un expert en cybersécurité. Brent Arnold, associé du cabinet d’avocats Gowlings WLG, à Toronto, affirme que le secteur américain de l’assurance a déjà resserré ses exigences en matière de couverture des attaques de rançongiciels.
Cybersecurity insurance rates likely to rise
News Thursday, July 8, 2021 TORONTO — Companies looking to purchase insurance against cyberattacks in which their data is held for ransom will soon find it more expensive and difficult to obtain, according to a cybersecurity expert. Brent Arnold, a partner at law firm Gowlings WLG in Toronto, said Canada is facing a proliferation of criminal attacks that use software to lock up corporate data that can only be released by paying a ransom to get an encryption key.
Postmedia CEO sees growth in digital revenue as early signs of recovery from pandemic
TORONTO - The CEO of Postmedia Network Canada Corp. said Thursday that he's hopeful that growth in revenue from the publisher's digital products is a sign of a recovery from the worst impact of the pandemic. “It's still early days but we saw some green shoots in our quarter specific to digital advertising,” Postmedia chief executive Andrew MacLeod said in an interview after the newspaper and digital publisher's latest financial report.
Postmedia CEO sees early signs of recovery
News Thursday, July 8, 2021 TORONTO — The CEO of Postmedia Network Canada Corp. said Thursday that he's hopeful that growth in revenue from the publisher's digital products is a sign of a recovery from the worst impact of the pandemic. "It's still early days but we saw some green shoots in our quarter specific to digital advertising," Postmedia chief executive Andrew MacLeod said in an interview after the newspaper and digital publisher's latest financial report.
Torstar in joint venture with Enthusiast Gaming to bring news to Gen Z audience
TORONTO — Torstar Corp. and Enthusiast Gaming have announced a joint venture to create an online news platform aimed at Gen Z communities in English-speaking countries around the world. The two companies say the new AFK platform will adopt a tone and format that's familiar to fans of online video games like Fortnite and Call of Duty.
Cogeco’s U.S. subsidiary inks deal to buy broadband system in Ohio
Cogeco Communications Inc.’s main U.S. subsidiary has signed a deal to buy a broadband system in Ohio from WideOpenWest Inc. for US$1.125 billion, the companies said Wednesday. Cogeco, which offers internet, television and telephone services in both Canada and the United States, said the deal will be a complementary addition to Atlantic Broadband’s operations in 11 eastern states.
New wireless spectrum auction launches today against backdrop of Shaw takeover deal | CBC News
This week marks the beginning of a key event for Canada's telecom industry as up to 23 bidders compete for federal licences used in 5G wireless networks. The government is auctioning off the use of the 3,500 megahertz spectrum band to wireless companies starting this week. (Sean Gallup/Getty Images) This week marks the beginning of a key event for Canada's telecom industry as up to 23 bidders compete for federal licences used in 5G wireless networks.
Representative for 17,000 Sears Canada retirees says insolvency laws are unjust
By David Paddon The Canadian Press Tue., June 8, 2021timer3 min. read updateArticle was updated 2 days ago A court-appointed representative for Sears Canada retirees said Tuesday that Canada's bankruptcy laws should be changed to avoid future financial hardship for members of other underfunded pension plans.
Well Health signs deal for MyHealth Partners
News Monday, June 7, 2021 TORONTO — Well Health Technologies Corp. said it will be the largest private-sector operator of outpatient medical clinics in Canada with a deal Monday to buy MyHealth Partners Inc. Vancouver-based Well Health said it has signed an agreement to buy Toronto-based MyHealth Partners Inc. for up to $266.3 million, adding 48 clinics in Ontario to its growing portfolio of medical businesses.
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