Business

Gas prices are displayed as a motorist prepares to pump gas at a station in North Vancouver on May 10, 2011. THE CANADIAN PRESS/Jonathan Hayward

Parkland aiming to about double adjusted EBITDA in less than five years

Increase could come from expanding its existing network

Gas prices are displayed as a motorist prepares to pump gas at a station in North Vancouver on May 10, 2011. THE CANADIAN PRESS/Jonathan Hayward
People line up at the Toronto Premium Outlets mall on Black Friday for shopping sales during the COVID-19 pandemic in Milton, Ont., Friday, Nov. 27, 2020. THE CANADIAN PRESS/Nathan Denette

Canadian consumers lose trust in big brands during pandemic: study

Canadian consumers lose trust in big brands during pandemic: study

People line up at the Toronto Premium Outlets mall on Black Friday for shopping sales during the COVID-19 pandemic in Milton, Ont., Friday, Nov. 27, 2020. THE CANADIAN PRESS/Nathan Denette
Specimens to be tested for COVID-19 are seen at LifeLabs in Surrey, B.C., on Thursday, March 26, 2020. Health officials say 13 crew members aboard a Quebec cargo ship anchored off the coast of Newfoundland and Labrador have tested positive for COVID-19. THE CANADIAN PRESS/Darryl Dyck

13 crew members from cargo ship anchored off N.L. are positive for COVID-19

13 crew members from cargo ship anchored off N.L. are positive for COVID-19

Specimens to be tested for COVID-19 are seen at LifeLabs in Surrey, B.C., on Thursday, March 26, 2020. Health officials say 13 crew members aboard a Quebec cargo ship anchored off the coast of Newfoundland and Labrador have tested positive for COVID-19. THE CANADIAN PRESS/Darryl Dyck
An aerial view of housing is shown in Calgary on June 22, 2013. THE CANADIAN PRESS/Jonathan Hayward

Calgary home sales up 462 per cent, reach hit record high in April: CREB

Calgary home sales up 462 per cent, reach hit record high in April: CREB

An aerial view of housing is shown in Calgary on June 22, 2013. THE CANADIAN PRESS/Jonathan Hayward
In this Feb. 5, 2021 photo, an Apple store employee wears personal protective equipment in New York. Big Tech stocks are flexing their enormous strength again, after getting knocked around a bit earlier this year. Apple, Microsoft, Amazon, Google's parent company and Facebook all gave profit reports this week that blew past investors' already high expectations, Friday, April 30. (AP Photo/Mark Lennihan)

Apple’s ‘walled garden’ faces Epic attack in app store trial

Apple’s ‘walled garden’ faces Epic attack in app store trial

  • May 3, 2021
In this Feb. 5, 2021 photo, an Apple store employee wears personal protective equipment in New York. Big Tech stocks are flexing their enormous strength again, after getting knocked around a bit earlier this year. Apple, Microsoft, Amazon, Google's parent company and Facebook all gave profit reports this week that blew past investors' already high expectations, Friday, April 30. (AP Photo/Mark Lennihan)
A street sign along Bay Street in Toronto's financial district is shown on Tuesday, January 12, 2021. THE CANADIAN PRESS/Nathan Denette

Commodities lift S&P/TSX composite to start the month after a strong April

Commodities lift S&P/TSX composite to start the month after a strong April

A street sign along Bay Street in Toronto's financial district is shown on Tuesday, January 12, 2021. THE CANADIAN PRESS/Nathan Denette
A Super Channel logo is shown in a handout. An Alberta court has rejected an Edmonton company's request to block four Canadian retailers from selling set-top boxes that allegedly can be used to give customers access to pirated programming. THE CANADIAN PRESS/HO

Alberta judge rejects Super Channel parent’s request to block sale of set-top boxes

EDMONTON — An Alberta court has rejected an Edmonton company’s request to…

A Super Channel logo is shown in a handout. An Alberta court has rejected an Edmonton company's request to block four Canadian retailers from selling set-top boxes that allegedly can be used to give customers access to pirated programming. THE CANADIAN PRESS/HO
In this June 12, 2012 file photo, the Verizon logo is seen at Verizon store in Mountain View, Calif. Verizon is selling the segment of its business that includes Yahoo and AOL to private equity firm Apollo Global Management in a $5 billion deal. Verizon said Monday, May 3, 2021, that it will keep a 10% stake in the new company, which will be called Yahoo. (AP Photo/Paul Sakuma, File)

Internet trailblazers Yahoo and AOL sold, again, for $5B

AOL and Yahoo are being sold again, this time to a private…

In this June 12, 2012 file photo, the Verizon logo is seen at Verizon store in Mountain View, Calif. Verizon is selling the segment of its business that includes Yahoo and AOL to private equity firm Apollo Global Management in a $5 billion deal. Verizon said Monday, May 3, 2021, that it will keep a 10% stake in the new company, which will be called Yahoo. (AP Photo/Paul Sakuma, File)
Thrive Cannabis's on-location storefront prepares to be Ontario's first farm-gate store, set to open this month in Simcoe, Ontario Tuesday, April 13, 2021. THE CANADIAN PRESS/Tara Walton

Farm-gate cannabis sales allow customers to buy pot straight from the farm

TORONTO — When customers roll up to Thrive Cannabis’ 184-acre farm in…

Thrive Cannabis's on-location storefront prepares to be Ontario's first farm-gate store, set to open this month in Simcoe, Ontario Tuesday, April 13, 2021. THE CANADIAN PRESS/Tara Walton
People wait in a line to receive a COVID-19 vaccine at a Loblaws grocery store pharmacy in Ottawa, Monday, April 26, 2021. THE CANADIAN PRESS/Justin Tang

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…

People wait in a line to receive a COVID-19 vaccine at a Loblaws grocery store pharmacy in Ottawa, Monday, April 26, 2021. THE CANADIAN PRESS/Justin Tang
People ride an escalator along the Las Vegas Strip, Saturday, April 24, 2021, in Las Vegas. Las Vegas is bouncing back to pre-coronavirus pandemic levels, with increases in airport passengers and tourism. (AP Photo/John Locher)

Vegas hitting jackpot as pandemic-weary visitors crowd back

LAS VEGAS — To Mike Anger in Midland, Michigan, a $100 round-trip…

People ride an escalator along the Las Vegas Strip, Saturday, April 24, 2021, in Las Vegas. Las Vegas is bouncing back to pre-coronavirus pandemic levels, with increases in airport passengers and tourism. (AP Photo/John Locher)
Striking Port of Montreal dockworkers listen to speeches during a rally in Montreal on Thursday, April 29, 2021. An ongoing strike at one of Canada's busiest ports could be coming to an end, as the Senate prepares to deal with back-to-work legislation today that would force 1,150 dockworkers back on the job at the Port of Montreal. THE CANADIAN PRESS/Paul Chiasson

Senate passes legislation to force striking Port of Montreal employees back to work

OTTAWA — The Senate has passed legislation that will force 1,150 striking…

Striking Port of Montreal dockworkers listen to speeches during a rally in Montreal on Thursday, April 29, 2021. An ongoing strike at one of Canada's busiest ports could be coming to an end, as the Senate prepares to deal with back-to-work legislation today that would force 1,150 dockworkers back on the job at the Port of Montreal. THE CANADIAN PRESS/Paul Chiasson
A customer uses the tap feature during a transaction at a Tim Hortons drive-through window in Mississauga, Ont., on Tuesday, March 17, 2020. THE CANADIAN PRESS/Nathan Denette

Tim Hortons sales slump as stay-at-home orders impact morning coffee runs to chain

Ongoing stay-at-home orders in Canada are continuing to dampen sales at Tim…

A customer uses the tap feature during a transaction at a Tim Hortons drive-through window in Mississauga, Ont., on Tuesday, March 17, 2020. THE CANADIAN PRESS/Nathan Denette
The Imperial Oil logo is shown at the company’s annual meeting in Calgary on April 28, 2017. THE CANADIAN PRESS/Jeff McIntosh

Imperial Oil shares rise on dividend bump, higher share buybacks, strong production

CALGARY — Shares in Imperial Oil Ltd. rose Friday after it raised…

The Imperial Oil logo is shown at the company’s annual meeting in Calgary on April 28, 2017. THE CANADIAN PRESS/Jeff McIntosh
Canadian dollars are pictured in Vancouver, Sept. 22, 2011. Economists say the Canadian dollar is at a ‘sweet-spot’ after hitting a three-year-high yesterday, reaching a point where it benefits consumers but doesn’t hurt businesses too much. THE CANADIAN PRESS/Jonathan Hayward

Rising loonie hits ‘sweet spot,’ likely to climb further: economists

Loonie trades at highest level since February 2018

Canadian dollars are pictured in Vancouver, Sept. 22, 2011. Economists say the Canadian dollar is at a ‘sweet-spot’ after hitting a three-year-high yesterday, reaching a point where it benefits consumers but doesn’t hurt businesses too much. THE CANADIAN PRESS/Jonathan Hayward
Signage marks the Statistics Canada offiices in Ottawa on July 21, 2010. THE CANADIAN PRESS/Sean Kilpatrick

Early estimate from Statistics Canada shows economic growth slowed in Q1

Overall economic activity about two per cent below the levels seen pre-pandemic in February 2020

Signage marks the Statistics Canada offiices in Ottawa on July 21, 2010. THE CANADIAN PRESS/Sean Kilpatrick
A pumpjack is silhouetted against the setting sun in Oklahoma City, March 22, 2012. Whitecap Resources Inc. is pleased to report on our very strong first quarter financial and operating results with record production of 95,828 boe/d, 5% higher than our original forecast of 90,000 – 92,000 boe/d on capital investments of $119 million, which was 7% lower than our forecast of $125 - $130 million. THE CANADIAN PRESS/AP-Sue Ogrocki

Whitecap touts carbon capture growth opportunities, reports Q1 record production

Whitecap touts carbon capture growth opportunities, reports Q1 record production

A pumpjack is silhouetted against the setting sun in Oklahoma City, March 22, 2012. Whitecap Resources Inc. is pleased to report on our very strong first quarter financial and operating results with record production of 95,828 boe/d, 5% higher than our original forecast of 90,000 – 92,000 boe/d on capital investments of $119 million, which was 7% lower than our forecast of $125 - $130 million. THE CANADIAN PRESS/AP-Sue Ogrocki
Air Transat self service check-in kiosks are seen at Montreal-Trudeau International Airport in Montreal, on Friday, July 31, 2020. Travel company Transat AT Inc. says it has reached a deal with Ottawa to borrow up to $700 million through the Large Employer Emergency Financing Facility. THE CANADIAN PRESS/Paul Chiasson

Transat AT reaches $700-million aid deal with federal government

Transat AT reaches $700-million aid deal with federal government

Air Transat self service check-in kiosks are seen at Montreal-Trudeau International Airport in Montreal, on Friday, July 31, 2020. Travel company Transat AT Inc. says it has reached a deal with Ottawa to borrow up to $700 million through the Large Employer Emergency Financing Facility. THE CANADIAN PRESS/Paul Chiasson
The Canadian dollar coin is pictured in North Vancouver, B.C. Wednesday, May 29, 2019. THE CANADIAN PRESS/Jonathan Hayward

S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

The Canadian dollar coin is pictured in North Vancouver, B.C. Wednesday, May 29, 2019. THE CANADIAN PRESS/Jonathan Hayward
Ontario Premier Doug Ford walks to a press conference at Queen’s Park, in Toronto, Friday, April 16, 2021. THE CANADIAN PRESS/Frank Gunn

Ontario to give all workers three paid sick days, reimburse businesses

Pay retroactive to April 19 and will end on Sept. 25

Ontario Premier Doug Ford walks to a press conference at Queen’s Park, in Toronto, Friday, April 16, 2021. THE CANADIAN PRESS/Frank Gunn