Business

FIFA President Gianni Infantino speaks at a press conference Saturday, Nov. 19, 2022 in Doha, Qatar. (AP Photo/Abbie Parr)

FIFA revenue hits $7.5B for current World Cup period

Commercial deals tied to 2022 World Cup in Qatar

FILE - Signage for the FTX Arena, where the Miami Heat basketball team plays, is illuminated on Saturday, Nov. 12, 2022, in Miami. The rapid collapse of cryptocurrency exchange FTX into bankruptcy last week has also shaken the world of philanthropy, due to the donations and influence of FTX founder Sam Bankman-Fried in the effective altruism movement. (AP Photo/Marta Lavandier, File)

Sam Bankman-Fried’s downfall sends shockwaves through crypto

FTX filed for bankruptcy protection Friday

The Twitter logo is seen at the social media company’s headquarters in San Francisco on Friday, Nov. 11, 2022. (Stephen Lam/San Francisco Chronicle via AP)

Musk’s latest Twitter cuts: Outsourced content moderators

Moderators were used to track hateful and harmful content

Susan Lambert is shown inside her home which is currently being renovated in this handout photo provided by her husband Mike Lazarovits. THE CANADIAN PRESS/HO-Mike Lazarovits

Renovation boom continues even as project costs increase and interest rates rise

Many Canadian homeowners still spending thousands a year

Susan Lambert is shown inside her home which is currently being renovated in this handout photo provided by her husband Mike Lazarovits. THE CANADIAN PRESS/HO-Mike Lazarovits
Garrett and Liz Dick and family. (Photo submitted)

PHOTOS: New Rimbey gym holds grand opening

There’s a new place to get fit in Rimbey. Owners Garrett and…

  • Nov 2, 2022
Garrett and Liz Dick and family. (Photo submitted)
FILE - Elon Musk speaks at the SATELLITE Conference and Exhibition on March 9, 2020, in Washington. Musk posted video Wednesday, Oct. 26, 2022, showing him strolling into Twitter headquarters ahead of a Friday, Oct. 28, deadline to close his $44 billion deal to buy the company. (AP Photo/Susan Walsh, File)

Musk floats paid Twitter verification, fires board

Billionaire Elon Musk is already floating major changes for Twitter — and…

FILE - Elon Musk speaks at the SATELLITE Conference and Exhibition on March 9, 2020, in Washington. Musk posted video Wednesday, Oct. 26, 2022, showing him strolling into Twitter headquarters ahead of a Friday, Oct. 28, deadline to close his $44 billion deal to buy the company. (AP Photo/Susan Walsh, File)
The Netflix menu is shown on a screen in Pittsburgh, on Monday, Oct. 17, 2022. Netflix joins an array of new ad-supported streaming options when it launches the cheaper tier of its service on Nov. 1. THE CANADIAN PRESS/AP-Gene J. Puskar

Cable 2.0: Netflix and other streamers bring back ads after disrupting TV landscape

Free ad-supported platforms set to launch in Canada as Netflix releases its own cheaper version

The Netflix menu is shown on a screen in Pittsburgh, on Monday, Oct. 17, 2022. Netflix joins an array of new ad-supported streaming options when it launches the cheaper tier of its service on Nov. 1. THE CANADIAN PRESS/AP-Gene J. Puskar
Minister of Innovation, Science and Industry Francois-Philippe Champagne speaks to reporters at the Liberal summer caucus retreat in St. Andrews, N.B. on September 13, 2022. When Innovation Minister François-Philippe Champagne gets in front a microphone these days to talk about electrifying Canada’s auto industry, he has a favourite line to sum up his efforts to attract global investment. “Not everyone in the world wakes up thinking about Canada,” he says. His job, as he sees it, is to change that. THE CANADIAN PRESS/Darren Calabrese

Innovation minister on road to making Canada a battery electric and EV powerhouse

Champagne sees the industry as key to Canada’s future

Minister of Innovation, Science and Industry Francois-Philippe Champagne speaks to reporters at the Liberal summer caucus retreat in St. Andrews, N.B. on September 13, 2022. When Innovation Minister François-Philippe Champagne gets in front a microphone these days to talk about electrifying Canada’s auto industry, he has a favourite line to sum up his efforts to attract global investment. “Not everyone in the world wakes up thinking about Canada,” he says. His job, as he sees it, is to change that. THE CANADIAN PRESS/Darren Calabrese
Cannabis is shown in a display jar on the first morning of opening for Toronto’s “The Hunny Pot,” one of the retail stores licensed to sell Cannabis in Ontario, on Monday, April 1, 2019. Toronto cannabis shoppers will soon be able to request cannabis deliveries through Uber Eats. THE CANADIAN PRESS/Chris Young

Uber Eats to process cannabis deliveries in Toronto through new Leafly partnership

Age and sobriety will be checked upon delivery

Cannabis is shown in a display jar on the first morning of opening for Toronto’s “The Hunny Pot,” one of the retail stores licensed to sell Cannabis in Ontario, on Monday, April 1, 2019. Toronto cannabis shoppers will soon be able to request cannabis deliveries through Uber Eats. THE CANADIAN PRESS/Chris Young
Cannabis cuttings are photographed at the CannTrust Niagara Greenhouse Facility during the grand opening event in Fenwick, Ont., on Tuesday, June 26, 2018. Cannabis industry observers say how seriously some in the sector treat marijuana regulations in the future could hinge on the outcome of a case against the former CannTrust Holdings Inc. leaders, whose company was caught growing pot in unlicensed rooms. THE CANADIAN PRESS/Tijana Martin

Tough ruling against former cannabis execs could send message: experts

CannTrust found to have been growing thousand of kilograms of cannabis in unlicensed rooms

Cannabis cuttings are photographed at the CannTrust Niagara Greenhouse Facility during the grand opening event in Fenwick, Ont., on Tuesday, June 26, 2018. Cannabis industry observers say how seriously some in the sector treat marijuana regulations in the future could hinge on the outcome of a case against the former CannTrust Holdings Inc. leaders, whose company was caught growing pot in unlicensed rooms. THE CANADIAN PRESS/Tijana Martin
Pipes leading to a processing unit at Suncor Fort Hills facility in Fort McMurray, Alta., Monday, Sept. 10, 2018. Proponents of imposing a windfall tax on the Canadian oil and gas industry now have another global power setting precedent for the policy. THE CANADIAN PRESS/Jason Franson

Advocates of windfall tax on oil and gas sector can now point to EU for inspiration

EU’s tax would redirect about 140 million euros in revenue a year

Pipes leading to a processing unit at Suncor Fort Hills facility in Fort McMurray, Alta., Monday, Sept. 10, 2018. Proponents of imposing a windfall tax on the Canadian oil and gas industry now have another global power setting precedent for the policy. THE CANADIAN PRESS/Jason Franson
Bank towers are shown from Bay Street in Toronto’s financial district on Wednesday, June 16, 2010. Canada is banking on newcomers to help keep the economy humming along, while banks themselves are eying the hundreds of thousands of people coming to the country every year as a key source of client growth. THE CANADIAN PRESS/Adrien Veczan

Canadian banks look to newcomers as key source of client growth

Some banks forming partnerships with international ones to make transitioning to Canada easier

Bank towers are shown from Bay Street in Toronto’s financial district on Wednesday, June 16, 2010. Canada is banking on newcomers to help keep the economy humming along, while banks themselves are eying the hundreds of thousands of people coming to the country every year as a key source of client growth. THE CANADIAN PRESS/Adrien Veczan
Employees wearing protective equipment work at a semiconductor production facility during a government organized tour for journalists in Beijing, on May 14, 2020. Canada’s technology industry says flaring tensions between China and Taiwan are reminding companies how important it is to seek a broader range of sources for semiconductors, and to invest in the sector. THE CANADIAN PRESS/AP, Mark Schiefelbein

Taiwan-China tensions a reminder to tech: diversify chip manufacturers

Chips power electronics ranging from iPhones to Lockheed-Martin fighter jets

Employees wearing protective equipment work at a semiconductor production facility during a government organized tour for journalists in Beijing, on May 14, 2020. Canada’s technology industry says flaring tensions between China and Taiwan are reminding companies how important it is to seek a broader range of sources for semiconductors, and to invest in the sector. THE CANADIAN PRESS/AP, Mark Schiefelbein
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
Statistics Canada’s offices at Tunney’s Pasture in Ottawa are shown on March 8, 2019. THE CANADIAN PRESS/Justin Tang

Economy grew by annual rate of 3.3% in second quarter, Statistics Canada says

According to the federal agency, real GDP grew by 0.8 per cent in the second quarter

Statistics Canada’s offices at Tunney’s Pasture in Ottawa are shown on March 8, 2019. THE CANADIAN PRESS/Justin Tang
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

Analysts predicting growth in some areas, drop in others

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
Statistics Canada says manufacturing sales fell 0.8 per cent to $71.8 billion in June as the petroleum and coal product sector helped lead the way lower. An oil drilling rig operates surrounded by canola and hay fields near Cremona, Alta., Monday, July 12, 2021.THE CANADIAN PRESS/Jeff McIntosh

Statistics Canada says manufacturing sales down 0.8% in June

Wood product sales fell 7.2 per cent in June, while aerospace product and parts dropped 16.8 per cent

Statistics Canada says manufacturing sales fell 0.8 per cent to $71.8 billion in June as the petroleum and coal product sector helped lead the way lower. An oil drilling rig operates surrounded by canola and hay fields near Cremona, Alta., Monday, July 12, 2021.THE CANADIAN PRESS/Jeff McIntosh
Shoppers shop at a grocery store in Glenview, Ill., Monday, July 4, 2022. U.S. demand for grocery delivery is cooling as food prices rise. Some shoppers are shifting to less expensive grocery pickup, while others are returning to the store. (AP Photo/Nam Y. Huh)

Demand for grocery delivery cools as food costs rise

More shoppers opting for curbside pickup or in-person purchases now

Shoppers shop at a grocery store in Glenview, Ill., Monday, July 4, 2022. U.S. demand for grocery delivery is cooling as food prices rise. Some shoppers are shifting to less expensive grocery pickup, while others are returning to the store. (AP Photo/Nam Y. Huh)
An Air Canada jet takes off from Trudeau Airport in Montreal, Thursday, June 30, 2022. THE CANADIAN PRESS/Graham Hughes An Air Canada jet takes off from Trudeau Airport in Montreal, Thursday, June 30, 2022. THE CANADIAN PRESS/Graham Hughes

Air Canada denying passenger compensation claims for staff shortages, citing safety

Airlines required to pay if reason for cancellation is within their control, but not if safety is at play

An Air Canada jet takes off from Trudeau Airport in Montreal, Thursday, June 30, 2022. THE CANADIAN PRESS/Graham Hughes An Air Canada jet takes off from Trudeau Airport in Montreal, Thursday, June 30, 2022. THE CANADIAN PRESS/Graham Hughes
Bank buildings are photographed in Toronto’s financial district on June 27, 2018. As inflation tops eight per cent, anyone with money in the bank is seeing their savings drip away at the fastest rate on record because deposit interest rates, still largely languishing at around one per cent, haven’t kept up. THE CANADIAN PRESS/Tijana Martin

Canadians’ savings are slowly dripping away as deposit interest lags far behind inflation

“They will lose money. The value of their savings is decreasing.”

Bank buildings are photographed in Toronto’s financial district on June 27, 2018. As inflation tops eight per cent, anyone with money in the bank is seeing their savings drip away at the fastest rate on record because deposit interest rates, still largely languishing at around one per cent, haven’t kept up. THE CANADIAN PRESS/Tijana Martin