Business

Fireworks explode above the Peace Tower and Centre Block during Canada Day celebrations on Parliament Hill in Ottawa on Monday, July 1, 2019. As Canada Day kicks off the unofficial start of summer, tourism firms are hopeful the first season in three years largely without COVID-19 restrictions will marshal a much-needed boost for a pandemic-stricken industry. THE CANADIAN PRESS/Justin Tang

‘Summer of recovery’: Pandemic-stricken tourism industry sees signs of optimism

Canada’s tourism industry GDP was down nearly 50 per cent in 2020

A campaign image from the Moose Knuckles x Jennifer Meyer collaboration is seen in an undated handout photo. Unlike a simple endorsement, where a celebrity might feature a product on social media, creative collaborations involve a coming together of minds, experts say. (Photo via The Canadian Press)

From Roots to Canada Goose, Canadian retailers use collaborations to woo customers

Roots Corp. has been doing collaborations since before they were cool. Just…

A customer enters a restaurant with help wanted signs Wednesday, November 17, 2021 in Laval, Que. Statistics Canada says the number of job vacancies at the beginning of April hit just over one million, up more than 40 per cent compared with a year earlier. THE CANADIAN PRESS/Ryan Remiorz

Job vacancies grow in April to just over one million, wages rise in tight market

OTTAWA — Statistics Canada says the number of job vacancies at the…

A women walks past the new rebranding sign of Freedom Mobile in Toronto on Thursday, November 24, 2016. Globalive Capital says it has gone straight to Shaw Communications Inc. with its $3.75 billion offer for wireless carrier Freedom Mobile due to a lack of engagement from Rogers Communications Inc. THE CANADIAN PRESS/Nathan Denette

Rogers strikes $2.85-billion deal to sell Freedom Mobile to Quebecor

Rogers hopes deal will appease federal regulators opposed to its proposed takeover of Shaw

A women walks past the new rebranding sign of Freedom Mobile in Toronto on Thursday, November 24, 2016. Globalive Capital says it has gone straight to Shaw Communications Inc. with its $3.75 billion offer for wireless carrier Freedom Mobile due to a lack of engagement from Rogers Communications Inc. THE CANADIAN PRESS/Nathan Denette
Bank towers are shown from Bay Street in Toronto's financial district, on Wednesday, June 16, 2010. The long wait for shorter wait times on resolving bank complaints is almost over as part of a raft of updates to banking regulations set to come into force.THE CANADIAN PRESS/Adrien Veczan

New bank rules come into force this month but critics say they don’t go far enough

TORONTO — The long wait for shorter wait times on resolving bank…

Bank towers are shown from Bay Street in Toronto's financial district, on Wednesday, June 16, 2010. The long wait for shorter wait times on resolving bank complaints is almost over as part of a raft of updates to banking regulations set to come into force.THE CANADIAN PRESS/Adrien Veczan
A Roots location in Toronto is pictured on Thursday, September 14 , 2017. Roots Corp. reported a $1.8-million loss in its latest quarter as its sales fell 38 per cent compared with a year ago due to the COVID-19 pandemic. THE CANADIAN PRESS/Chris Young

Five things to watch for in the Canadian business world in the coming week

TORONTO — Five things to watch for in the Canadian business world…

A Roots location in Toronto is pictured on Thursday, September 14 , 2017. Roots Corp. reported a $1.8-million loss in its latest quarter as its sales fell 38 per cent compared with a year ago due to the COVID-19 pandemic. THE CANADIAN PRESS/Chris Young
A Tim Hortons cup is seen inside a Tim Hortons restaurant in Toronto, Friday, March 6, 2020. THE CANADIAN PRESS/Cole Burston

Tim Hortons app collected vast amounts of sensitive data: privacy watchdogs

Users had movements tracked and recorded every few minutes, even when app was not open

A Tim Hortons cup is seen inside a Tim Hortons restaurant in Toronto, Friday, March 6, 2020. THE CANADIAN PRESS/Cole Burston
People sit on the outdoor patio at a restaurant in Little Italy during the COVID-19 pandemic in Toronto on Tuesday, March 30, 2021. Statistics Canada says restaurant and bar sales in March 2022 surpassed pre-pandemic levels. THE CANADIAN PRESS/Nathan Denette

Restaurant sales bounced back over pre-pandemic levels in March: Statistics Canada

Increase in sales coincided with surging inflation and rising food costs across the country

People sit on the outdoor patio at a restaurant in Little Italy during the COVID-19 pandemic in Toronto on Tuesday, March 30, 2021. Statistics Canada says restaurant and bar sales in March 2022 surpassed pre-pandemic levels. THE CANADIAN PRESS/Nathan Denette
Employment Minister Carla Qualtrough rises during question period, Monday, April 4, 2022, in Ottawa. The federal government has announced nearly $247 million to help create more than 25,000 new apprenticeship positions across Canada. THE CANADIAN PRESS/Adrian Wyld

Ottawa announces $247 million to create 25,000 apprenticeship positions across Canada

Government expects about 700,000 skilled trades workers to retire in Canada by 2028

Employment Minister Carla Qualtrough rises during question period, Monday, April 4, 2022, in Ottawa. The federal government has announced nearly $247 million to help create more than 25,000 new apprenticeship positions across Canada. THE CANADIAN PRESS/Adrian Wyld
A drop of maple water drips out of a spile from a tree that was just tapped at the Vanier Museopark sugar bush in Ottawa on Saturday, March 13, 2021. THE CANADIAN PRESS/Justin Tang

Maple syrup producers see climate change as a threat to industry’s future

Syrup producers are recording declining yields due to increasing global temperatures

A drop of maple water drips out of a spile from a tree that was just tapped at the Vanier Museopark sugar bush in Ottawa on Saturday, March 13, 2021. THE CANADIAN PRESS/Justin Tang

Davos gathering overshadowed by global economic worries

Davos gathering overshadowed by global economic worries

A street sign along Bay Street in Toronto's financial district is shown in Toronto on Tuesday, January 12, 2021. THE CANADIAN PRESS/Nathan Denette

North American stock markets rise in response to Fed rate increase outlook

North American stock markets rise in response to Fed rate increase outlook

A street sign along Bay Street in Toronto's financial district is shown in Toronto on Tuesday, January 12, 2021. THE CANADIAN PRESS/Nathan Denette
During a day off from working as a Hawaii hotel housekeeper, Luz Espejo poses for a photo in her neighborhood in Honolulu on Wednesday, May 18, 2022. The hotel in the tourist mecca Waikiki where she works is among the many other hotels across the United States that are limiting daily housekeeping service, making what was already one of the toughest jobs in the hospitality industry even more grueling. (AP Photo/Jennifer Sinco Kelleher)

Housekeepers struggle as US hotels ditch daily room cleaning

Industry says it is responding to what guests want

During a day off from working as a Hawaii hotel housekeeper, Luz Espejo poses for a photo in her neighborhood in Honolulu on Wednesday, May 18, 2022. The hotel in the tourist mecca Waikiki where she works is among the many other hotels across the United States that are limiting daily housekeeping service, making what was already one of the toughest jobs in the hospitality industry even more grueling. (AP Photo/Jennifer Sinco Kelleher)
Mature cannabis plants are photographed at the CannTrust Niagara Greenhouse Facility during the grand opening event in Fenwick, Ont., on June 26, 2018. THE CANADIAN PRESS/Tijana Martin

OSC withdraws some charges against former CannTrust leaders at pretrial hearing

OSC withdraws some charges against former CannTrust leaders at pretrial hearing

Mature cannabis plants are photographed at the CannTrust Niagara Greenhouse Facility during the grand opening event in Fenwick, Ont., on June 26, 2018. THE CANADIAN PRESS/Tijana Martin
A branch of Scotiabank is pictured in downtown Toronto on Tuesday, April 10, 2018. Scotiabank raised its quarterly dividend as it reported a second-quarter profit of $2.75 billion, up from $2.46 billion in the same quarter last year. THE CANADIAN PRESS/Chris Young

Scotiabank, BMO report higher loan growth while ramping up stress-test scenarios

Scotiabank, BMO report higher loan growth while ramping up stress-test scenarios

A branch of Scotiabank is pictured in downtown Toronto on Tuesday, April 10, 2018. Scotiabank raised its quarterly dividend as it reported a second-quarter profit of $2.75 billion, up from $2.46 billion in the same quarter last year. THE CANADIAN PRESS/Chris Young
FILE - This July 14, 2015, file photo shows the ARC Automotive manufacturing plant in Knoxville, Tenn. A class action lawsuit has been filed against seven automakers and a Tennessee air bag parts manufacturer accusing them of knowingly selling vehicles with dangerous exploding air bag inflators. The lawsuit filed Tuesday, May 24, 2022, in San Francisco, names inflator manufacturer ARC Automotive Inc. of Knoxville as a defendant. ARC sold inflators to larger air bag manufacturers, who in turn sold to General Motors, BMW, Ford, Hyundai, Kia, Volkswagen and Fiat Chrysler (now Stellantis). (Adam Lau/Knoxville News Sentinel via AP, File)

Lawsuit accuses 3 automakers and parts maker in air bag case

Lawsuit accuses 3 automakers and parts maker in air bag case

FILE - This July 14, 2015, file photo shows the ARC Automotive manufacturing plant in Knoxville, Tenn. A class action lawsuit has been filed against seven automakers and a Tennessee air bag parts manufacturer accusing them of knowingly selling vehicles with dangerous exploding air bag inflators. The lawsuit filed Tuesday, May 24, 2022, in San Francisco, names inflator manufacturer ARC Automotive Inc. of Knoxville as a defendant. ARC sold inflators to larger air bag manufacturers, who in turn sold to General Motors, BMW, Ford, Hyundai, Kia, Volkswagen and Fiat Chrysler (now Stellantis). (Adam Lau/Knoxville News Sentinel via AP, File)
A sign opposing coal development in the eastern slopes of the Livingston range south west of Longview, Alta., Wednesday, June 16, 2021.THE CANADIAN PRESS/Jeff McIntosh

Alberta town endorses community-developed policy saying no to coal mining in Rockies

High River has joined 30 organizations in signing a document pushing prohibition of coal in Alberta

A sign opposing coal development in the eastern slopes of the Livingston range south west of Longview, Alta., Wednesday, June 16, 2021.THE CANADIAN PRESS/Jeff McIntosh
FILE - An advertisement for Bitcoin cryptocurrency is displayed on a street in Hong Kong, Thursday, Feb. 17, 2022. It’s been a wild week in crypto, even by crypto standards. Bitcoin tumbled, stablecoins were anything but stable and one of the crypto industry’s highest-profile companies lost a third of its market value. (AP Photo/Kin Cheung, File)

After digital asset crash, Canadian crypto companies look to the future

‘We were seeing a lot of good money being thrown at bad projects’

FILE - An advertisement for Bitcoin cryptocurrency is displayed on a street in Hong Kong, Thursday, Feb. 17, 2022. It’s been a wild week in crypto, even by crypto standards. Bitcoin tumbled, stablecoins were anything but stable and one of the crypto industry’s highest-profile companies lost a third of its market value. (AP Photo/Kin Cheung, File)
Vehicles remain crushed under trees and power lines in the Ottawa Valley community of Carleton Place, Ont. on Tuesday, May 24, 2022, after a major storm hit parts of Ontario and Quebec on Saturday leaving extensive damage. THE CANADIAN PRESS/Sean Kilpatrick

Insurance claimants face long wait times after deadly storm hits Ontario and Quebec

Insurance claimants face long wait times after deadly storm hits Ontario and Quebec

Vehicles remain crushed under trees and power lines in the Ottawa Valley community of Carleton Place, Ont. on Tuesday, May 24, 2022, after a major storm hit parts of Ontario and Quebec on Saturday leaving extensive damage. THE CANADIAN PRESS/Sean Kilpatrick
A sign board displays the TSX level outside the Richmond Adelaide Centre in the financial district in Toronto on Wednesday, September 29, 2021. THE CANADIAN PRESS/Evan Buhler

S&P/TSX composite climbs despite big declines by tech and health care sectors

S&P/TSX composite climbs despite big declines by tech and health care sectors

A sign board displays the TSX level outside the Richmond Adelaide Centre in the financial district in Toronto on Wednesday, September 29, 2021. THE CANADIAN PRESS/Evan Buhler