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Business + Economy – Articles, Analysis, Comment

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Pumpjacks pump crude oil near Halkirk, Alta., more than a decade ago. Oil prices have plunged into negative territory due to the glut created by the COVID-19 global economic shutdown. THE CANADIAN PRESS/Larry MacDougall

Oil crash explained: How are negative oil prices even possible?

Alberta oil is the collateral damage of the oil war between Russia and Saudi Arabia, with COVID-19 launching an additional attack. The province’s oil industry will struggle to recover.
A tourist from Québec poses with a Canadian flag in Peggy’s Cove, N.S. on Canada Day, 2016. Allowing domestic tourism to resume may be one step to carefully reopening the Canadian economy during the pandemic. THE CANADIAN PRESS/Darren Calabrese

Restarting the coronavirus economy: 4 possible steps

The response to COVID-19 should become a learning opportunity on how to develop more illness-proof economies.
U.S. President Donald Trump has often been documented bullshitting. In a business setting, however, bullshitters can be harder to identify. (AP Photo/Alex Brandon)

Bullshit is everywhere. Here’s how to deal with it at work

Understanding the distinction between bullshit and lying is essential. We can reveal a lie by uncovering the truth, but dealing effectively with bullshit is more complicated.
Business has been disrupted by the coronavirus pandemic. How can business leaders react to the challenges, reassess what they do and reconfigure their companies? (AP Photo/Richard Drew)

Coronavirus disruption: A chance for businesses to adapt and renew

Many businesses have been rocked by the financial fallout from the coronavirus. Bouncing back from such a consequential event is not enough. Companies must adapt to the disruption.
With millions newly unemployed, it’s unclear what the prospects of former startup employees will be. (James Yarema/Unsplash)

Coronavirus bailouts won’t save startup workers from layoffs

Employees working in startups may disproportionately suffer in the wake of the pandemic as their employers cut back to skeletal staffs or shutter their companies altogether.
Issac Nicoll packs lobsters for shipment at the Lobster Company in Kennebunkport, Maine, on March 13, 2020. Coronavirus has disrupted global markets for live lobsters. (AP Photo/Robert F. Bukaty)

As coronavirus threatens seafood economy, community fisheries find ways to stay afloat

With restaurants closed and prices dropping, fishers are finding new ways to keep their business above water.
Statistics Canada reports that more than one million Canadians lost their job in the first month of the coronavirus pandemic, but the official figures don’t reflect the true impact on workers. THE CANADIAN PRESS/Justin Tang

Official unemployment numbers don’t show the true crisis for workers affected by coronavirus

The difficulty governments have had in meeting the needs of Canadian workers impacted by the coronavirus crisis has exposed holes in our social safety net and the inadequacy of existing labour laws.
Medical staff prepare for the opening of the COVID-19 Assessment Centre at Brewer Park Arena in Ottawa in March 2020. THE CANADIAN PRESS/Justin Tang

Why Canada needs the United States to fight the coronavirus

The 3M face mask dustup between the U.S. and Canada, although quickly resolved, starkly illustrated that Canada must find compromises with its southern neighbour about the trade of COVID-19 products.
When word of COVID-19 spread, consumers started stockpiling goods like toilet paper in their homes, both disrupting the supply chain system and creating living spaces crammed with paper products. It isn’t necessary. (Erik Mclean/Unsplash)

Coronavirus hoarding: Why you can stop amassing toilet paper

Bulk buying disrupts the balance of the supply chain. Here’s how supply chains combat hoarding of products like toilet paper.
A woman buys hand sanitizer made by Spirit of York Distillery in Toronto on March 19, 2020. The distillery switched their production over to hand sanitizer following the coronavirus shutdown, with all proceeds going to charity. THE CANADIAN PRESS/Frank Gunn

The coronavirus crisis: A catalyst for entrepreneurship

It’s clear that our post-pandemic future will be different. Current signs of good will amid entrepreneurial initiatives give us some cause for optimism.
Handguns are displayed at the Smith & Wesson booth at the Shooting, Hunting and Outdoor Trade Show in Las Vegas. Handguns account for most of the guns being purchased by first-time gun buyers in the United States during the coronavirus pandemic. AP Photo/John Locher

Why Canadians and Americans are buying guns during the coronavirus pandemic

Amid the angst over a surge in gun sales in both the United States and Canada during the pandemic, few have noted the three key differences between the two countries.
All three levels of government must prioritize reducing Canada’s level of indebtedness. (Pixabay)

Coronavirus: Can Canada fiscally handle ‘black swan’ events?

There are two key questions regarding Canada’s fiscal sustainability during the pandemic. Can we afford to provide short-term financial support to Canadians? And how quickly will our economy recover?
Two health-care workers arrive at a walk-in COVID-19 test clinic in Montréal on March 23, 2020. Unionized nurses are among those on the front lines of the coronavirus pandemic. THE CANADIAN PRESS/Paul Chiasson

Coronavirus crisis poses risks and opportunities for unions

Nurses, cleaners, grocery store clerks and other unionized workers have been on the front lines of the fight against COVID-19. They should emerge from it with a greater level of respect.
Remote work can be a difficult adjustment for teams accustomed to working in an office setting. Here are some tips. (Charles Deluvio/Unsplash)

Remote work amid the coronavirus pandemic: 3 solutions

Working from home presents challenges that will take time to resolve, and misunderstandings are to be expected. So let’s be forgiving of one another and focus on establishing effective new work norms.