Short-video app Quibi shutting down just months after launch

Short-video app Quibi said it is shutting down just six months after its early April launch, having struggled to find customers.Quibi founder Jeffrey Katzenberg presents the company's technology at the Sundance Film Festival on Jan. 24 in Park City, Utah. (Daniel Boczarski/Getty Images for Quibi)Short-video app Quibi said it is shutting down just six months…

What it's like to pull the plug on your business during the pandemic

Three entrepreneurs in Alberta share their experience of having to shutter their business this year as a result of the pandemic.Three people share the experience of having to pull the plug on their business this year. (Kyle Bakx/CBC)The numbers are still coming about how many businesses have been shuttered as a result of COVID-19, and…

Air Transat lays off half of its remaining flight attendants, closes Vancouver base

The Canadian Union of Public Employees says 128 Air Transat flight attendants — more than half of the current workforce of attendants — were notified last week that they will be temporarily laid off and that the airline's Vancouver base will be closed as a stop-gap measure.Air Transat has laid off another 128 flight attendants…

Companies wary of hiring and expanding because of COVID uncertainty, Bank of Canada survey finds

The Bank of Canada says companies are hedging hiring plans and wage growth expectations in the coming months over heightened uncertainty from the COVID-19 pandemic.Wage growth is widely expected to slow over the next year, mostly a result of the pandemic and ongoing uncertainty, with some firms reporting a wage freeze. (Ng Han Guan/Associated Press)The…