Business

FILE - Apple CEO Tim Cook smiles at an Apple event in Cupertino, Calif., on Sept. 7, 2022. After ballooning for years, CEO pay growth is finally slowing. Cook, who was number three in the AP CEO pay survey, requested a 40% pay cut in 2023 after shareholders questioned the size and structure of his $99.4 million compensation package in 2022. (AP Photo/Jeff Chiu, File)

CEOs got smaller raises, but would still take employees 2 lifetimes to match annual pay

Typical compensation package for chief executives who run S&P 500 companies rose just 0.9% last yea

A woman walks past a Freedom Mobile in Toronto on Thursday, November 24, 2016. On the heels of the sale of Freedom Mobile, and amid an increased interest in unionization among retail and service workers, Teamsters Canada says retail and call centre employees at Freedom Mobile are looking to unionize.THE CANADIAN PRESS/Nathan Denette

Freedom Mobile workers seeking union after acquisition: Teamsters Canada

Call centre workers have been unionizing for years, said economist and labour expert Jim Stanford

Signage marks the Statistics Canada offices in Ottawa on July 21, 2010. Statistics Canada is set to release its gross domestic product figures for the month of March, as well as the first quarter of the year.THE CANADIAN PRESS/Sean Kilpatrick

Canada’s economy continues to outperform, raising odds of rate hike next week

The Canadian economy grew faster than expected in the first three months…

Guillermo Hernandez, right, a soil scientist, and Camila Quiroz, a research intern from Peru, look over their plants in a research room used to simulate sunlight at the University of Alberta in Edmonton in this undated handout photo. (Guillermo Hernandez Ramirez/University of Alberta)

‘More connected’: Researchers looking at growing food under solar panels

This could help Alberta winters, researchers have mentioned

Guillermo Hernandez, right, a soil scientist, and Camila Quiroz, a research intern from Peru, look over their plants in a research room used to simulate sunlight at the University of Alberta in Edmonton in this undated handout photo. (Guillermo Hernandez Ramirez/University of Alberta)
(The Canadian Press)

Tech, sustainability key to attracting young talent to an evolving agriculture sector

Twelve per cent of farms told Statistics Canada they had a succession plan in 2021

(The Canadian Press)
Prime Minister Justin Trudeau makes a Volkswagen electric battery plant announcement at the Elgin County Railway Museum in St. Thomas, Ont. Friday, April 21, 2023. THE CANADIAN PRESS/Tara Walton

How an ‘energizer bunny,’ cheeseburgers and $14 billion helped Canada woo Volkswagen

Talks that led Volkswagen to choose Canada for its first non-European battery plant started with a whim

Prime Minister Justin Trudeau makes a Volkswagen electric battery plant announcement at the Elgin County Railway Museum in St. Thomas, Ont. Friday, April 21, 2023. THE CANADIAN PRESS/Tara Walton
Bank of Canada governor Tiff Macklem holds a press conference at the Bank of Canada in Ottawa on Wednesday, April 12, 2023. Macklem will be at an event hosted by the Toronto Region Board of Trade and participate in a discussion on the Canadian economy and the central bank’s outlook. THE CANADIAN PRESS/Sean Kilpatrick

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

Statistics Canada will release its labour force survey for April on Friday

Bank of Canada governor Tiff Macklem holds a press conference at the Bank of Canada in Ottawa on Wednesday, April 12, 2023. Macklem will be at an event hosted by the Toronto Region Board of Trade and participate in a discussion on the Canadian economy and the central bank’s outlook. THE CANADIAN PRESS/Sean Kilpatrick
Customers enter the Nova Scotia Liquor Corporation cannabis store in Halifax on Oct. 17, 2018. A spate of cannabis store robberies has many in the industry calling for provinces to relax regulations requiring window coverings or cannabis to be kept out of sight of minors. THE CANADIAN PRESS/Andrew Vaughan

Pot shop robberies spur push to end restrictions on window displays

TORONTO — When Elisa Keay works at her Toronto cannabis store, the…

Customers enter the Nova Scotia Liquor Corporation cannabis store in Halifax on Oct. 17, 2018. A spate of cannabis store robberies has many in the industry calling for provinces to relax regulations requiring window coverings or cannabis to be kept out of sight of minors. THE CANADIAN PRESS/Andrew Vaughan
ssss

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…

ssss
A branch of Signature Bank is photographed, late Sunday, March 12, 2023, in New York. Regulators announced that the New York-based bank had failed and was being seized. At more than $110 billion in assets, Signature Bank is the third-largest bank failure in U.S. history. Signature’s failure comes just days after the failure of Silicon Valley Bank. (AP Photo/Bobby Caina Calvan)

Bank stocks drop and S&P 500 swings as Wall Street shakes

Wall Street is worried about what may be next to topple following…

A branch of Signature Bank is photographed, late Sunday, March 12, 2023, in New York. Regulators announced that the New York-based bank had failed and was being seized. At more than $110 billion in assets, Signature Bank is the third-largest bank failure in U.S. history. Signature’s failure comes just days after the failure of Silicon Valley Bank. (AP Photo/Bobby Caina Calvan)
The Bank of Canada is pictured in Ottawa on Friday, March 3, 2023. The Bank of Canada will make its next interest rate announcement on Wednesday. THE CANADIAN PRESS/Sean Kilpatrick

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…

The Bank of Canada is pictured in Ottawa on Friday, March 3, 2023. The Bank of Canada will make its next interest rate announcement on Wednesday. THE CANADIAN PRESS/Sean Kilpatrick
A Bed Bath & Beyond sign is shown in Mountain View, Calif., Wednesday, May 9, 2012. Bed Bath & Beyond has received an initial order for creditor protection.THE CANADIAN PRESS/AP-Paul Sakuma

Bed Bath & Beyond Canada to close 54 stores, granted creditor protection

The company had a net loss of $99.5 million for a nine-month period

A Bed Bath & Beyond sign is shown in Mountain View, Calif., Wednesday, May 9, 2012. Bed Bath & Beyond has received an initial order for creditor protection.THE CANADIAN PRESS/AP-Paul Sakuma
Passengers walk at Calgary International Airport in Calgary, Alta., Wednesday, Aug. 31, 2022. THE CANADIAN PRESS/Jeff McIntosh

WestJet says it’s back online after global outage, but more disruptions expected

TORONTO — WestJet says a system-wide outage that caused delays and cancellations…

Passengers walk at Calgary International Airport in Calgary, Alta., Wednesday, Aug. 31, 2022. THE CANADIAN PRESS/Jeff McIntosh
Workers are seen around a cafe-style bar in Lightspeed’s Montreal office in an undated handout photo. When Lightspeed Commerce Inc. staff headed back to the office this year after a pandemic hiatus, they found a space double the size of their last with a restaurant serving free meals, a smoothie bar and a barista to craft custom drinks. THE CANADIAN PRESS/HO-Lightspeed, *MANDATORY CREDIT*

Canadians companies turning to amenities to lure staff back to offices

TORONTO — When Lightspeed Commerce Inc. staff headed back to their Montreal…

Workers are seen around a cafe-style bar in Lightspeed’s Montreal office in an undated handout photo. When Lightspeed Commerce Inc. staff headed back to the office this year after a pandemic hiatus, they found a space double the size of their last with a restaurant serving free meals, a smoothie bar and a barista to craft custom drinks. THE CANADIAN PRESS/HO-Lightspeed, *MANDATORY CREDIT*
The Bank of Canada is shown in Ottawa on Tuesday, July 12, 2022. As the Bank of Canada tries to reign in red hot inflation, the central bank is engaging in another fight: one against misinformation. THE CANADIAN PRESS/Sean Kilpatrick

Did the Bank of Canada print money to finance the feds? Central bank sets record straight

Conservative leadership front-runner Pierre Poilievre has been a loud critic of the Bank of Canada

The Bank of Canada is shown in Ottawa on Tuesday, July 12, 2022. As the Bank of Canada tries to reign in red hot inflation, the central bank is engaging in another fight: one against misinformation. THE CANADIAN PRESS/Sean Kilpatrick
A Bank Of Montreal sign is pictured in Ottawa on Monday, July 11, 2022. THE CANADIAN PRESS/Sean Kilpatrick

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 Bank Of Montreal sign is pictured in Ottawa on Monday, July 11, 2022. THE CANADIAN PRESS/Sean Kilpatrick
When the COVID-19 pandemic emerged, Shopify Inc.'s stock soared as businesses scurrying to shift operations online turned to the e-commerce giant to orchestrate the pivot. But roughly two years later, the restrictions that kept people at home and shopping online during the health crisis have dissipated. Shopify Inc. headquarters signage in Ottawa on Tuesday, May 3, 2022. THE CANADIAN PRESS/Sean Kilpatrick

As tech valuations fall, companies rethink stock options

TORONTO — When the COVID-19 pandemic emerged, Shopify Inc.’s stock soared as…

When the COVID-19 pandemic emerged, Shopify Inc.'s stock soared as businesses scurrying to shift operations online turned to the e-commerce giant to orchestrate the pivot. But roughly two years later, the restrictions that kept people at home and shopping online during the health crisis have dissipated. Shopify Inc. headquarters signage in Ottawa on Tuesday, May 3, 2022. THE CANADIAN PRESS/Sean Kilpatrick
Canadian banks will give some insight into where they see the economy going when they start to report this week, with analysts watching for trends in key indicators like loan growth, capital raising, and how much banks are putting aside in case loans go sour. The Bay Street Financial District is shown in Toronto on Friday, August 5, 2022. THE CANADIAN PRESS/Nathan Denette

Canadian banks to report earnings amid rising interest rate environment

TORONTO — Canadian banks will give some insight into where they see…

Canadian banks will give some insight into where they see the economy going when they start to report this week, with analysts watching for trends in key indicators like loan growth, capital raising, and how much banks are putting aside in case loans go sour. The Bay Street Financial District is shown in Toronto on Friday, August 5, 2022. THE CANADIAN PRESS/Nathan Denette
Prime Minister Justin Trudeau and Olaf Scholz, Chancellor of Germany take a stroll at the G7 Summit in Schloss Elmau on Monday, June 27, 2022. German Chancellor Olaf Scholz is visiting Canada this week. THE CANADIAN PRESS/Paul Chiasson

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…

Prime Minister Justin Trudeau and Olaf Scholz, Chancellor of Germany take a stroll at the G7 Summit in Schloss Elmau on Monday, June 27, 2022. German Chancellor Olaf Scholz is visiting Canada this week. THE CANADIAN PRESS/Paul Chiasson
The Canadian Real Estate Association says home sales fell for the fifth consecutive month between June and July but this month’s drop was the smallest of the five. A new home is displayed for sale in a new housing development in Ottawa on Tuesday, July 14, 2020. THE CANADIAN PRESS/Sean Kilpatrick

Canadian home sales fall for fifth month in a row, down 29% from last July: CREA

Much of the cooldown attributed to increasing interest rates

The Canadian Real Estate Association says home sales fell for the fifth consecutive month between June and July but this month’s drop was the smallest of the five. A new home is displayed for sale in a new housing development in Ottawa on Tuesday, July 14, 2020. THE CANADIAN PRESS/Sean Kilpatrick