Business

Lululemon Athletica's logo is seen on the outside of their new flagship store on Robson Street during it's grand opening in downtown Vancouver, B.C., on Thursday August 21, 2014. THE CANADIAN PRESS/Darryl Dyck

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…

Lululemon Athletica's logo is seen on the outside of their new flagship store on Robson Street during it's grand opening in downtown Vancouver, B.C., on Thursday August 21, 2014. THE CANADIAN PRESS/Darryl Dyck
Darcy Elliott, shipping supervisor at Spray Lake Sawmills, inspects lumber at the facility in Cochrane, Alta., Thursday, May 20, 2021.THE CANADIAN PRESS/Jeff McIntosh

Alberta sets sights on expanding forest products harvest as high prices drive returns

CALGARY — A drive to increase Alberta’s forest harvest as lumber prices…

Darcy Elliott, shipping supervisor at Spray Lake Sawmills, inspects lumber at the facility in Cochrane, Alta., Thursday, May 20, 2021.THE CANADIAN PRESS/Jeff McIntosh
A person navigates to the on-line social-media pages of the Canadian Radio-television and Telecommunications Commission (CRTC) on a cellphone in Ottawa on Monday, May 17, 2021. THE CANADIAN PRESS/Sean Kilpatrick

CRTC backtracks on wholesale internet rates, reverts to 2016 levels

CRTC backtracks on wholesale internet rates, reverts to 2016 levels

A person navigates to the on-line social-media pages of the Canadian Radio-television and Telecommunications Commission (CRTC) on a cellphone in Ottawa on Monday, May 17, 2021. THE CANADIAN PRESS/Sean Kilpatrick
In this image taken from undated video footage run by China's CCTV via AP Video, a rendering of a module of a Chinese space station is shown. China has launched the core module on Thursday, April 29, 2021 for its first permanent space station that will host astronauts long-term. (CCTV via AP Video)

China launches cargo rocket with supplies for space station

BEIJING (AP) — A rocket carrying supplies for China’s new space station…

In this image taken from undated video footage run by China's CCTV via AP Video, a rendering of a module of a Chinese space station is shown. China has launched the core module on Thursday, April 29, 2021 for its first permanent space station that will host astronauts long-term. (CCTV via AP Video)
This Saturday, May 29, 2021, photo released by the National Search and rescue Agency (BASARNAS), rescuers inspect the wreckage of KM Karya Indah ferry after it caught fire off Limafatola Island, Indonesia. The ferry in eastern Indonesia caught fire early Saturday with nearly 200 people on board, forcing passengers and crew to jump into the sea but causing no casualties, officials said. (BASARNAS via AP)

Indonesia ferry catches fire at sea; all 195 aboard safe

JAKARTA, Indonesia (AP) — A large ferry with nearly 200 people on…

This Saturday, May 29, 2021, photo released by the National Search and rescue Agency (BASARNAS), rescuers inspect the wreckage of KM Karya Indah ferry after it caught fire off Limafatola Island, Indonesia. The ferry in eastern Indonesia caught fire early Saturday with nearly 200 people on board, forcing passengers and crew to jump into the sea but causing no casualties, officials said. (BASARNAS via AP)
A pumpjack works at a well head on an oil and gas installation near Cremona, Alta., Saturday, Oct. 29, 2016. Calfrac Well Services Ltd. has won its legal battle with a Texas rival that mounted an unsuccessful takeover attempt after the Supreme Court of Canada declined to hear an appeal. THE CANADIAN PRESS/Jeff McIntosh

Supreme Court refuses to hear Wilks appeal of ruling on Calfrac recapitalization

Supreme Court refuses to hear Wilks appeal of ruling on Calfrac recapitalization

A pumpjack works at a well head on an oil and gas installation near Cremona, Alta., Saturday, Oct. 29, 2016. Calfrac Well Services Ltd. has won its legal battle with a Texas rival that mounted an unsuccessful takeover attempt after the Supreme Court of Canada declined to hear an appeal. THE CANADIAN PRESS/Jeff McIntosh

Enbridge’s Line 3 oil pipeline enters critical month in June

Enbridge’s Line 3 oil pipeline enters critical month in June

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

S&P/TSX composite ends another record week on rally led by cannabis, commodities

S&P/TSX composite ends another record week on rally led by cannabis, commodities

A street sign along Bay Street in Toronto's financial district is shown on Tuesday, January 12, 2021. THE CANADIAN PRESS/Nathan Denette
A woman uses her computer key board to type while surfing the internet in North Vancovuer, B.C., on Wednesday, December, 19, 2012. THE CANADIAN PRESS/Jonathan Hayward

Independent internet providers prepare to raise prices in wake of CRTC decision

Independent internet providers prepare to raise prices in wake of CRTC decision

A woman uses her computer key board to type while surfing the internet in North Vancovuer, B.C., on Wednesday, December, 19, 2012. THE CANADIAN PRESS/Jonathan Hayward
Hank, a working dog turned mouser, drops a mouse he caught on a farm near Tottenham, Australia on May 19, 2021. Vast tracts of land in Australia’s New South Wales state are being threatened by a mouse plague that the state government describes as “absolutely unprecedented.” Just how many millions of rodents have infested the agricultural plains across the state is guesswork. (AP Photo/Rick Rycroft)

Plague of ravenous, destructive mice tormenting Australians

The risk is that mice will devour wheat, barley and canola before it can be harvested

  • May 28, 2021
Hank, a working dog turned mouser, drops a mouse he caught on a farm near Tottenham, Australia on May 19, 2021. Vast tracts of land in Australia’s New South Wales state are being threatened by a mouse plague that the state government describes as “absolutely unprecedented.” Just how many millions of rodents have infested the agricultural plains across the state is guesswork. (AP Photo/Rick Rycroft)
FILE - In this June 13, 2016 file photo, Advance Auto Parts CEO Tom Greco visits the trading floor of the New York Stock Exchange. Pay packages rose yet again in 2020 for the CEOs of the biggest U.S. companies, even though the pandemic sent the economy to its worst quarter on record and slashed corporate profits around the world. (AP Photo/Richard Drew, File )

CEO pay rises to $12.7M even as pandemic ravages economy

Cruise operator Carnival gave stock grants to executives

  • May 28, 2021
FILE - In this June 13, 2016 file photo, Advance Auto Parts CEO Tom Greco visits the trading floor of the New York Stock Exchange. Pay packages rose yet again in 2020 for the CEOs of the biggest U.S. companies, even though the pandemic sent the economy to its worst quarter on record and slashed corporate profits around the world. (AP Photo/Richard Drew, File )
Finance Minister Chrystia Freeland responds to questions from MPs after she delivered the federal budget in the House of Commons in Ottawa on Monday April 19, 2021. THE CANADIAN PRESS/Sean Kilpatrick

Rising interest rates could dampen stimulus impact from federal budget, PBO says

Rising interest rates could dampen stimulus impact from federal budget, PBO says

Finance Minister Chrystia Freeland responds to questions from MPs after she delivered the federal budget in the House of Commons in Ottawa on Monday April 19, 2021. THE CANADIAN PRESS/Sean Kilpatrick
An oil and gas pumpjack is shown near Cremona, Alta., Thursday, Oct. 1, 2020. THE CANADIAN PRESS/Jeff McIntosh

Canadian drilling contractor association changes name to reflect energy transition

Canadian drilling contractor association changes name to reflect energy transition

An oil and gas pumpjack is shown near Cremona, Alta., Thursday, Oct. 1, 2020. THE CANADIAN PRESS/Jeff McIntosh
Cuts of beef are seen at a supermarket in Montreal on June 26, 2019. THE CANADIAN PRESS/Ryan Remiorz

World body says Canadian beef officially poses ‘negligible risk’ for mad cow disease

World body says Canadian beef officially poses ‘negligible risk’ for mad cow disease

Cuts of beef are seen at a supermarket in Montreal on June 26, 2019. THE CANADIAN PRESS/Ryan Remiorz
A street sign along Bay Street in Toronto's financial district is shown on Tuesday, January 12, 2021. THE CANADIAN PRESS/Nathan Denette

S&P/TSX composite moves up on energy gains as crude hits 2 1/2 year high

S&P/TSX composite moves up on energy gains as crude hits 2 1/2 year high

A street sign along Bay Street in Toronto's financial district is shown on Tuesday, January 12, 2021. THE CANADIAN PRESS/Nathan Denette
Kelowna’s unemployment rate increased to 5.3 per cent from January to February, according to Stats Canada. (File photo)

US jobless claims fall to 406,000, a new pandemic low

WASHINGTON (AP) — The number of Americans seeking unemployment benefits dropped last…

Kelowna’s unemployment rate increased to 5.3 per cent from January to February, according to Stats Canada. (File photo)
Shoppers exit a shopping mall in Chicago downtown, Tuesday, May 25, 2021. Americans are going back to one of their favorite past times: store shopping. With vaccinations rolling out and shoppers freer to go out maskless, retailers are seeing an eager return to their stores after months of watching their customers focus on online buying during the pandemic. (AP Photo/Shafkat Anowar)

Shoppers go back to stores, but retailers face challenges

NEW YORK (AP) — Americans are going back to one of their…

Shoppers exit a shopping mall in Chicago downtown, Tuesday, May 25, 2021. Americans are going back to one of their favorite past times: store shopping. With vaccinations rolling out and shoppers freer to go out maskless, retailers are seeing an eager return to their stores after months of watching their customers focus on online buying during the pandemic. (AP Photo/Shafkat Anowar)
A man works in the broadcast centre at the TMX Group Ltd. in Toronto, on May 9, 2014. THE CANADIAN PRESS/Darren Calabrese

S&P/TSX composite outpaces U.S. markets in record run pushed by commodities sector

S&P/TSX composite outpaces U.S. markets in record run pushed by commodities sector

A man works in the broadcast centre at the TMX Group Ltd. in Toronto, on May 9, 2014. THE CANADIAN PRESS/Darren Calabrese
A Suncor logo is shown at the company's annual meeting in Calgary, Thursday, May 2, 2019. THE CANADIAN PRESS/Jeff McIntosh

Suncor Energy adopts net-zero-by-2050 greenhouse gas emissions target

Suncor Energy adopts net-zero-by-2050 greenhouse gas emissions target

A Suncor logo is shown at the company's annual meeting in Calgary, Thursday, May 2, 2019. THE CANADIAN PRESS/Jeff McIntosh
Pumpjacks draw oil out of the ground in a canola field near Olds, Alta., Thursday, July 16, 2020. The expected uptake of electric vehicles and higher goals coming from countries to reduce their greenhouse gas emissions are the top reasons why a climate-focused research group is calling on governments not to spend on Alberta's oil sector. THE CANADIAN PRESS/Jeff McIntosh

Climate ambition, push for electric vehicles driving down need for oil: report

Climate ambition, push for electric vehicles driving down need for oil: report

Pumpjacks draw oil out of the ground in a canola field near Olds, Alta., Thursday, July 16, 2020. The expected uptake of electric vehicles and higher goals coming from countries to reduce their greenhouse gas emissions are the top reasons why a climate-focused research group is calling on governments not to spend on Alberta's oil sector. THE CANADIAN PRESS/Jeff McIntosh