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Business News

‘Trying not to die’: Tourism operators face heavy debt, even as business roars back

‘Trying not to die’: Tourism operators face heavy debt, even as business roars back

Canada Apr 23, 2024 / 5:51 am

Maureen Gordon has weathered hard times before. She and her husband began running ecotourism outfit Maple Leaf Adventures out of Vancouver about a month before...

Vancouver's Nude Beverages sells ready-to-drink product line for $11M

Vancouver's Nude Beverages sells ready-to-drink product line for $11M

Apr 22, 2024 / 4:48 pm

Vancouver's Nude Beverages has sold its ready-to-drink (RTD) product line to Toronto-based alcohol conglomerate Corby Spirit and Wine Ltd. (TSX:CSW-A;...

Inequality worsening as wealth gap widens to highest since 2015: TD Bank report

Inequality worsening as wealth gap widens to highest since 2015: TD Bank report

Apr 22, 2024 / 1:14 pm

The gap between the highest earners and lowest income groups last year was at its widest since 2015 as the wealthiest households saw income grow much faster...

Honda to build electric vehicles and battery plant in Ontario: sources

Honda to build electric vehicles and battery plant in Ontario: sources

Ontaio Apr 22, 2024 / 8:00 am

Honda Canada is set to build an electric vehicle battery plant near its auto manufacturing facility in Alliston, Ont., where it also plans to produce fully...

'Junk fees' or flexible flying? Passenger charges fuel profits — and travellers' ire

'Junk fees' or flexible flying? Passenger charges fuel profits — and travellers' ire

Canada Apr 22, 2024 / 6:15 am

Jay Sorensen flies both business class and economy. While the differences between the two have always been stark — priority boarding and free alcohol are...

Critics question Liberals' falling cellphone price claims, budget promises

Critics question Liberals' falling cellphone price claims, budget promises

Canada Apr 22, 2024 / 5:37 am

As the federal government touts measures meant to curb the cost of Canadians' cellphone bills, some say there is a disconnect between what consumers are...

Tim Hortons says proposed Roll Up the Rim class action suit has no merit

Tim Hortons says proposed Roll Up the Rim class action suit has no merit

Canada Apr 20, 2024 / 11:30 am

Tim Hortons says there's no merit to a proposed class action lawsuit regarding emails it sent out in error to participants in its popular Roll Up the Rim...

Lululemon cutting over 100 jobs in Washington distribution centre closure

Lululemon cutting over 100 jobs in Washington distribution centre closure

Apr 19, 2024 / 6:10 pm

Lululemon Athletica Inc. says it is cutting more than 100 jobs as it plans to close a distribution centre in Washington state. It says some employees at the...

Bitcoin's latest 'halving' has arrived. Here's what you need to know

Bitcoin's latest 'halving' has arrived. Here's what you need to know

Apr 19, 2024 / 5:54 pm

The “miners” who chisel bitcoins out of complex mathematics are taking a 50% pay cut — effectively reducing new production of the...

Loblaw's 25 pallets of missing walnuts spur lawsuit

Loblaw's 25 pallets of missing walnuts spur lawsuit

Apr 19, 2024 / 4:19 pm

Silver Pacific Investments, which does business as SPI Logistics, is suing contractors for losing 25 pallets of President's Choice walnuts that its client,...

TC Energy reduces pressure on pipeline segment as rupture investigation continues

TC Energy reduces pressure on pipeline segment as rupture investigation continues

Alberta Apr 19, 2024 / 3:17 pm

TC Energy Corp. says it has reduced the pressure on a segment of its NGTL pipeline system in Alberta while an investigation continues into the cause of a...

TikTok testing Instagram-rival app TikTok Notes in Canada

TikTok testing Instagram-rival app TikTok Notes in Canada

Apr 19, 2024 / 12:37 pm

TikTok is testing an app that rivals Instagram in Canada. The social media company says TikTok Notes became available for download and "limited...

The Body Shop Canada explores sale as demand outpaces inventory: court filing

The Body Shop Canada explores sale as demand outpaces inventory: court filing

Apr 19, 2024 / 12:00 pm

The Body Shop Canada is exploring a sale as it struggles to get its hands on enough inventory to keep up with "robust" sales the retailer landed after...

Apple pulls WhatsApp and Threads from App Store on Beijing's orders

Apple pulls WhatsApp and Threads from App Store on Beijing's orders

China Apr 19, 2024 / 6:58 am

Apple said it had removed Meta’s WhatsApp messaging app and its Threads social media app from the App Store in China to comply with orders from Chinese...

Biden administration restricts oil and gas leasing in 13 million acres of Alaska's petroleum reserve

Biden administration restricts oil and gas leasing in 13 million acres of Alaska's petroleum reserve

Alaska Apr 19, 2024 / 5:41 am

The Biden administration said Friday it will restrict new oil and gas leasing on 13 million acres (5.3 million hectares) of a federal petroleum reserve in...

'Won't be a quick fix': Indigo needs turnaround as privatization nears, experts say

'Won't be a quick fix': Indigo needs turnaround as privatization nears, experts say

Apr 19, 2024 / 5:31 am

As Canada’s biggest bookstore-turned-gift-giver’s-paradise edges toward privatization, it's evident from a stroll around one of its Toronto...

High interest rates threaten rollout of green economy: Wood Mackenzie report

High interest rates threaten rollout of green economy: Wood Mackenzie report

Apr 18, 2024 / 5:59 pm

Renewable energy companies in Canada are feeling the pinch of higher interest rates, which a new report says could make the net-zero transition more costly and...

B.C.-based EV-bus maker Vicinity Motors hires president, plans growth

B.C.-based EV-bus maker Vicinity Motors hires president, plans growth

Apr 18, 2024 / 5:29 pm

Ambitious Aldergrove-based Vicinity Motor Corp. (Nasdaq:VEV; TSX-V:VMC) today announced that it has hired a new president, Brent Phillips, and has plans to...

Southwest B.C. delivered record housing starts in 2023, says report

Southwest B.C. delivered record housing starts in 2023, says report

Vancouver Apr 18, 2024 / 5:27 pm

The West Coast housing market saw a significant boost in construction activity last year, according to a new report by the Chartered Professional Accountants of...

Google fires 28 workers after office sit-ins to protest cloud contract with Israel

Google fires 28 workers after office sit-ins to protest cloud contract with Israel

Apr 18, 2024 / 11:16 am

Google has fired 28 employees involved in protests over the tech company's cloud computing contract with the Israeli government, according to statements...

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