Latest news with #DARRYLDYCK
Toronto Star
8 hours ago
- Entertainment
- Toronto Star
Events are being held across the country Saturday to mark Indigenous Peoples Day
First Nations dancers dressed in regalia participate in the grand entry on the final day of the 32nd annual Squamish Nation Youth Powwow, in West Vancouver, B.C., on July 14, 2019. DARRYL DYCK / THE CANADIAN PRESS flag wire: true flag sponsored: false article_type: : sWebsitePrimaryPublication : publications/toronto_star bHasMigratedAvatar : false :
Toronto Sun
2 days ago
- Business
- Toronto Sun
Watchdog recommends up to 100% foreign airline ownership amid low competition
Published Jun 19, 2025 • 3 minute read An Air Canada flight taxis to a runway as a WestJet flight takes off at Vancouver International Airport, in Richmond, B.C., on Friday, March 20, 2020. Photo by DARRYL DYCK / THE CANADIAN PRESS Canada should allow up to 100 per cent foreign ownership of domestic-only airlines, the Competition Bureau says in a new report highlighting the country's 'highly concentrated' aviation industry. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account In a market study released Thursday, the watchdog suggested a new class of airline that operates only in Canada but could have owners from outside its borders, opening the gate to global expertise — and cash. The current foreign ownership cap sits at 49 per cent. In addition, no more than 25 per cent of a carrier can be owned by any one foreign entity, a proportion the Competition Bureau proposed raising to nearly half. 'Allowing more foreign investment in Canadian airlines improves access to capital, drives growth and promotes competition,' the report said, pointing to Australia and New Zealand as places that permit full outsider ownership of in-country carriers. 'As economist Michael Porter famously put it, unless a firm is forced to compete at home, it will usually lose its competitiveness abroad,' Brad Callaghan, an associate deputy commissioner at the Competition Bureau, said during a press briefing. Your noon-hour look at what's happening in Toronto and beyond. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again This advertisement has not loaded yet, but your article continues below. Weak competition in the airline industry remains a big hurdle to lower prices and better service across the country, and remote communities especially, the report found. 'Competition in Canada's airline sector has struggled to take off,' it said, noting consumers' dissatisfaction with ticket prices and service levels. Air Canada and WestJet together account for between half and three-quarters of all domestic passengers at major airports, according to the study. Though competition improved between 2019 and 2023 with the arrival of Flair Airlines and the expansion of Porter Airlines, market concentration remains 'extremely high' and competition from new entrants fragile, the bureau said. 'Many Canadians report that international flights are often cheaper than flights within Canada' — partly due to 'cabotage' rules prohibiting point-to-point trips within Canada by foreign airlines — it noted. This advertisement has not loaded yet, but your article continues below. The report recommended a basket of reforms that include overhauling the airport funding model so the infrastructure costs fall less on passengers, thus lowering ticket prices. Costs on top of the fare such as airport fees, fuel taxes and security and navigation charges comprised 30 cents of every dollar that passengers paid airlines in 2023 compared with 25 cents in 2019, the study said. Allowing secondary airports to compete with major hubs would also offer another way to expand market access for new entrants, the study said. Currently, flight exclusivity clauses at some airports _ Montreal's, for example — mean only one airport in a local area can host international flights, narrowing the range of options. This advertisement has not loaded yet, but your article continues below. The advantages of incumbency come into play as well. 'Landing and takeoff slots at busy airports also favour airlines with existing rights due to rules on how slots are allocated,' Competition Bureau deputy commissioner Anthony Durocher said. The report stressed the unique challenges faced by remote communities and recommended a working group to ramp up service to the North, where air transportation is an 'essential lifeline, even for residents who never fly' but whose food and medicine arrive by plane. Over the past 20 months, four low-cost carriers have disappeared from the skies, as Lynx Air and Canada Jetlines shut down and WestJet folded subsidiary Swoop and the recently acquired Sunwing Airlines into its main-line service. This advertisement has not loaded yet, but your article continues below. Canada is a noted graveyard for budget airlines. Six foundered here between 1995 and 2015: Greyhound Air, Roots Air, Air Canada's Zip, Jetsgo, Zoom Airlines and Canjet. While the country's biggest cities remain amply served, smaller destinations have fewer options, which can also result in higher prices and, when things go awry, stranded passengers. The Calgary-Saskatoon route saw flights fall 39 per cent to 412 last month compared with 673 in May 2019, now that the route between Alberta and Saskatchewan's two biggest cities is served with non-stop flights by only WestJet, according to aviation data firm Cirium. Air Canada pulled out of the route over two years ago. The report noted that routes served by just one airline tended to be more expensive. This advertisement has not loaded yet, but your article continues below. 'Our research shows that when just one new competitor flies on a route between two cities, airfares go down by nine per cent on average,' the report said. The report also called for an end to the transport minister's power to override mergers and acquisitions deemed anticompetitive under a federal review process. And it urged industry-wide publication of data on delays and cancellations to help consumers make informed choices, on par with the United States and United Kingdom. 'The U.S. Department of Transportation publishes reams of publicly available data about the state of competition and performance in their air travel market, and Canadians would really benefit from that,' said Keldon Bester, executive director of the Canadian Anti-Monopoly Project. NHL Basketball Canada Editorial Cartoons NHL
Toronto Sun
4 days ago
- Business
- Toronto Sun
U.S. trade, geopolitics top financial concerns among Canadians: Survey
Published Jun 17, 2025 • 1 minute read Gantry cranes tower above container ships being unloaded and loaded at port, in Vancouver, Feb. 10, 2022. Photo by DARRYL DYCK / FILES / THE CANADIAN PRESS TORONTO — A new survey finds geopolitical instability and U.S. trade tensions are top sources of financial concern for Canadians, and even impacting retirement planning for some. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account The Healthcare of Ontario Pension Plan and Abacus Data released the survey results Tuesday, showing 67 per cent of Canadians say they are very concerned about Canada-U.S. relations. Trade relations was listed as one of the main economic worries among those approaching retirement, with 71 per cent saying they are very concerned. The survey found trade uncertainty was adding complexity for individuals managing their finances and retirement planning, with 22 per cent saying they are putting more money aside due to geopolitical instability. The results found other major concerns among Canadians included the cost of living and economic uncertainty. The Healthcare of Ontario Pension Plan serves the hospital and community-based health care sector. The survey findings were derived from an online survey of 2,000 Canadians in mid-April. Toronto Maple Leafs Toronto Maple Leafs Canada Ontario Music
Toronto Sun
05-06-2025
- Business
- Toronto Sun
Many homeowners plan to rein in spending as mortgage payments rise upon renewal: TD
Published Jun 05, 2025 • 1 minute read Townhouses under construction are seen in Delta, B.C., on Monday, Aug. 12, 2024. Photo by DARRYL DYCK / THE CANADIAN PRESS TORONTO — A survey shows nearly half of homeowners facing a mortgage renewal in the next year expect their monthly payments to go up — with many anticipating having to adjust their budget to keep up with the higher cost. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account A TD Bank Group survey, conducted between April 10 and 18, shows 57 per cent of homeowners expect the renewal to impact their living situation and 73 per cent of those say they'll need to cut back on spending. Even as the Bank of Canada has reduced its benchmark interest rate over the past year, borrowing costs are still elevated compared to pre-2022 levels. Nearly a quarter of the 890 homeowners surveyed who are set to renew their mortgage in the next year say they will be adjusting their financial approach. The survey shows 43 per cent of those will be putting renovations on pause, while 29 per cent plan on downsizing. Options such as moving in with a roommate or moving to a different neighbourhood are also on the table. TD's vice-president of product management Patrick Smith says 75 per cent of homeowners are leaning toward a fixed-rate mortgage upon renewal instead of a variable rate. NHL Columnists Columnists Columnists Columnists
Toronto Sun
22-05-2025
- Business
- Toronto Sun
Union reviewing Canada Post offers as strike deadline approaches
Published May 22, 2025 • 1 minute read The Canada Post logo is seen on the outside the company's Pacific Processing Centre, in Richmond, B.C., on Thursday June 1, 2017. Photo by DARRYL DYCK / THE CANADIAN PRESS OTTAWA — Canadians could soon find out if there will be another labour disruption at the national postal operator. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account The union representing about 55,000 Canada Post employees has said it is reviewing a set of proposals for urban workers, along with rural and suburban carriers. The Canadian Union of Postal Workers issued a 72-hour strike notice on Tuesday, and the deadline is Friday at midnight. Canada Post says the new offers address several concerns, and it is offering a wage increase of 13.59 per cent over four years. The union says the Crown corporation is seeking to change some hard-fought collective agreement rights and methods, with a key sticking point being a proposal to add part-time workers that would allow for seven-day-a-week delivery. If postal workers do walk off the job, it would be their second strike in less than six months. Sunshine Girls Sunshine Girls World Sports Canada
