Business

Canada’s central bank holds steady on interest rate

By: Thomas I. Likness EBC News Service (Eagle News) — The Bank of Canada kept its benchmark interest rate at 0.25% Wednesday saying there is still a need to support economic recovery. Although the economy made substantial gains in the …

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Electricity customers in Hawaii warned about scam

By: Alfred Acenas EBC Hawaii-Pacific Bureau HONOLULU (Eagle News) – Customers of Hawaiian Electric are being warned about phony bill collectors threatening to disconnect their service unless the pay up with prepaid credit cars. “Using scare tactics and trickery, scammers …

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Vancouver Aquarium sold to American company

By: Thomas I. Likness EBC News Service (Eagle News) — The Vancouver Aquarium has a new owner. Ownership of the aquarium has been transferred from the Ocean Wise Conservation Association to US-based Herschend Enterprises, the association said Thursday in a …

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Over half of Canadians hovering close to financial insolvency

By: Thomas I. Likness EBC News Service (Eagle News) — The number of Canadians on the brink of financial insolvency is at a five-year high, according the latest MNP Consumer Debt Index. “The anxiety Canadians are feeling about making ends …

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Stay-at-home order may come to Ontario as early as tomorrow: Premier Doug Ford

By: Thomas I. Likness EBC News Service (Eagle News) — More restrictions, including a stay-at-home order, could be coming to Canada’s largest province, Ontario Premier Doug Ford said Tuesday. “We’re going to have further restrictions going forward, very, very quickly,” …

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Health Canada recalls face masks that contain graphene

By: Thomas I. Likness EBC News Service (Eagle News) — Health Canada has ordered a recall of face masks that contain graphene particles. Graphene is a nanomaterial, a material made of tiny particles. These particles are thought to have anti-viral …

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Phase 1 of Honolulu’s single-use plastic ban takes effect April 1

By Alfred Acenas (EBC Hawaii-Pacific) HONOLULU (Eagle News) — Plastic cutlery and disposable food containers will be banned beginning Thursday in Hawaii. The ban on disposable food ware was supposed to take effect at the beginning of the year. But …

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Many Canadians pessimistic about their economic future: Poll

By: Thomas I. Likness EBC News Service (Eagle News) — Remaining employed and not having enough money to retire top the list of concerns in a new public opinion poll released Thursday. New data from the non-profit Angus Reid Institute …

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Canadian government should hold off offering more help to first-time homebuyers: Royal Bank

By: Thomas I. Likness EBC News Service (Eagle News) — As Canada’s housing market continues to boom, a Royal Bank of Canada economist has warned more government help for first-time home buyers could hurt the economy. “Without corresponding measures to …

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Honolulu mayor speaks with wedding industry reps during protest on Covid restrictions

  HONOLULU (Eagle News) – Mayor Rick Blangiardi met with members of the wedding industry who were demonstrating outside of Honolulu Hale on Thursday, March 18. Both sides had the opportunity to speak and listen to the points of view. …

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Use of cash by Canadians has dropped by nearly half since pandemic began: report

By: Thomas I. Likness EBC News Service (Eagle News) — The pandemic has drastically changed the way Canadians handle money according to a report by payment company Square, Inc. As a matter of fact, fewer Canadians are handling cash, opting …

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Cybercriminals targeting healthcare organizations during pandemic: report

By: Thomas I. Likness EBC News Service (Eagle News) — Cybercriminals have taken advantage of the pandemic to prey upon healthcare organizations with ransomware, says Palo Alto Networks, a California-based cybersecurity company. Ransomware operators tie up an organization’s computer network, …

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