Business Outlook Survey—Summer 2020

Business Outlook Survey—Summer 2020

Box 1: Firms expect production could return quickly but anticipate sales will recover gradually As part of the Bank of Canada’s efforts to better understand the economy’s recovery from the COVID?19 pandemic, we asked firms participating in the summer 2020 Business Outlook Survey how quickly they expect their sales, employment and production to return to […]

Educational publisher Nelson sells university textbook business to Top Hat

Educational publisher Nelson sells university textbook business to Top Hat

TORONTO – Educational publisher Nelson has signed a deal to sell its domestic university textbook business to Top Hat and says it plans to focus on the kindergarten-to-Grade 12 market. Financial terms of the agreement were not immediately available. The deal will add more than 400 titles to Top Hat, which provides online teaching resources. […]

Amazon hurt them. The lockdown hurt them. Now there’s a painful loss in court. Canada’s book biz — authors, publishers, retailers — is hunting for a new business model

Amazon hurt them. The lockdown hurt them. Now there’s a painful loss in court. Canada’s book biz — authors, publishers, retailers — is hunting for a new business model

If there were ever a perfect storm for the publishing industry in Canada, this is it. Bricks-and-mortar stores have shut down, leaving booksellers, large and small, scrambling to do business online; they’re beginning to send unsold books back to publishers, putting pressure on their bottom line; and a legal decision has come down that affects […]

COVID-19 brought the oil business to its knees. Is it time for investors to turn to clean energy?

COVID-19 brought the oil business to its knees. Is it time for investors to turn to clean energy?

As an oil crash pummelled the stock markets last week, one major Canadian institution did what environmentalists once considered unthinkable — it divested from fossil fuels. The University of Guelph announced Friday that it will move its endowment portfolio away from pollutant-based sectors and reinvest in clean energy, satisfying long-standing demands of activists and underscoring […]

Business Outlook Survey—Spring 2020

Business Outlook Survey—Spring 2020

Box 1: Consumer-oriented firms reported a collapse in sales due to COVID?19 To better understand the quickly evolving economic impacts of COVID?19, the Bank conducted phone consultations with a small, targeted sample of Canadian firms and industry associations between March 13 and 17. The impact of the shock on firms was still escalating, with some firms […]

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