Business

A logo for Netflix on a remote control is seen in Portland, Ore.,Aug. 13, 2020. Experts in taxation and media say a plan announced Monday by the government will ultimately add to the cost of digital services and goods sold by foreign companies. THE CANADIAN PRESS/AP-Jenny Kane

‘Netflix tax’ for digital media likely to raise prices for consumers, experts say

The government says Canadian companies already collect those taxes when they make digital sales

A real estate sold sign is shown outside a house in Vancouver, Tuesday, Jan. 3, 2017. nbsp;Real estate brokerage Royal LePage says home prices are increasing in Canada’s cottage country, as more buyers look to move there full-time. THE CANADIAN PRESS/Jonathan Hayward

Home prices rise in cottage country amid demand from remote workers, retirees

The data from Royal LePage comes amid an overall uptick in home prices this year,

Pedestrians stroll along Spring Garden Road in Halifax on Thursday, Nov. 19, 2020. A new retail shopping event has arrived, encouraging consumers to support local, independent businesses during the holiday season. THE CANADIAN PRESS/Andrew Vaughan

‘Nightmare on Main Street:’ After a tough year, campaign urges consumers to buy local

Only 38 per cent of retail businesses are reaching their usual sales levels

Pedestrians stroll along Spring Garden Road in Halifax on Thursday, Nov. 19, 2020. A new retail shopping event has arrived, encouraging consumers to support local, independent businesses during the holiday season. THE CANADIAN PRESS/Andrew Vaughan
Shoppers line up in front of a shop on Montreal’s Saint-Catherine Street in search of Black Friday deals in Montreal, Friday, Nov. 27, 2020. THE CANADIAN PRESS/Paul Chiasson

Black Friday shopping in a pandemic: COVID-19 closes some stores, sales move online

Eric Morris, head of retail at Google Canada, says e-commerce in Canada has doubled during the pandemic.

Shoppers line up in front of a shop on Montreal’s Saint-Catherine Street in search of Black Friday deals in Montreal, Friday, Nov. 27, 2020. THE CANADIAN PRESS/Paul Chiasson
Shoppers carry bags as they cross a street in San Francisco, Nov. 29, 2019. THE CANADIAN PRESS/AP-Jeff Chiu

‘A captive market:’ U.S. border closure keeps Black Friday shoppers in Canada

Black Friday originated in the United States as a post-Thanksgiving shopping event

Shoppers carry bags as they cross a street in San Francisco, Nov. 29, 2019. THE CANADIAN PRESS/AP-Jeff Chiu
Minister of International Trade Mary Ng participates in a news conference on the Canada-United Kingdom Trade Continuity Agreement in Ottawa, on Saturday, Nov. 21, 2020. The federal government says American duties on Canadian softwood lumber exports continue to be “unfair” and “unjustified,” even if they have been reduced. THE CANADIAN PRESS/Justin Tang

Despite reduction, Canada calls U.S. softwood lumber duties ‘unfair,’ ‘unjustified’

U.S. producers have long taken issue with Canada’s system of provincially regulated stumpage fees

Minister of International Trade Mary Ng participates in a news conference on the Canada-United Kingdom Trade Continuity Agreement in Ottawa, on Saturday, Nov. 21, 2020. The federal government says American duties on Canadian softwood lumber exports continue to be “unfair” and “unjustified,” even if they have been reduced. THE CANADIAN PRESS/Justin Tang
Britain's Princess Anne The Princess Royal, right, talks to NATO delegates from left, Canadian Prime Minister Justin Trudeau and Britain's Prime Minister Boris Johnson, during a reception at Buckingham Palace, in London, as Nato leaders attend to mark 70 years of the alliance, Tuesday Dec. 3, 2019.  While NATO leaders are publicly professing unity as they gather for the London summit, several seem to have been caught in an unguarded exchange on camera apparently gossiping about U.S. President Donald Trump’s behaviour. In footage recorded during the Buckingham Palace reception on Tuesday, Canadian Prime Minister Justin Trudeau was seen standing in a huddle with French President Emmanuel Macron, British Prime Minister Boris Johnson, Dutch Prime Minister Mark Rutte and Britain’s Princess Anne. (Yui Mok/Pool via AP)

Canada, Britain strike new trade, beating Brexit, incorporating expiring EU pact

Prime Minister Justin Trudeau and British counterpart, Boris Johnson, announced the deal Saturday

Britain's Princess Anne The Princess Royal, right, talks to NATO delegates from left, Canadian Prime Minister Justin Trudeau and Britain's Prime Minister Boris Johnson, during a reception at Buckingham Palace, in London, as Nato leaders attend to mark 70 years of the alliance, Tuesday Dec. 3, 2019.  While NATO leaders are publicly professing unity as they gather for the London summit, several seem to have been caught in an unguarded exchange on camera apparently gossiping about U.S. President Donald Trump’s behaviour. In footage recorded during the Buckingham Palace reception on Tuesday, Canadian Prime Minister Justin Trudeau was seen standing in a huddle with French President Emmanuel Macron, British Prime Minister Boris Johnson, Dutch Prime Minister Mark Rutte and Britain’s Princess Anne. (Yui Mok/Pool via AP)
A Purolator driver wears a mask as he makes deliveries in Toronto on March 24, 2020. With online sales set to hit record highs this year, Statistics Canada says that wholesalers, rather than retailers, have benefited most from the trend toward online shopping. Statistics Canada says $85 billion of Canada’s $305 billion in online sales last year went to wholesalers, while transportation and warehousing companies got $60 billion, manufacturing was worth $38 billion, and retailers grossed $22 billion.THE CANADIAN PRESS/Frank Gunn

Online shopping set to hit record this year in Canada

Study suggests that majority of shoppers looking online for holiday gifts

A Purolator driver wears a mask as he makes deliveries in Toronto on March 24, 2020. With online sales set to hit record highs this year, Statistics Canada says that wholesalers, rather than retailers, have benefited most from the trend toward online shopping. Statistics Canada says $85 billion of Canada’s $305 billion in online sales last year went to wholesalers, while transportation and warehousing companies got $60 billion, manufacturing was worth $38 billion, and retailers grossed $22 billion.THE CANADIAN PRESS/Frank Gunn
Prime Minister Justin Trudeau speak to the media about the COVID-19 virus outside Rideau Cottage in Ottawa, Friday, Nov. 20, 2020. THE CANADIAN PRESS/Adrian Wyld

Long-awaited federal rent subsidy program for businesses hurt by COVID-19 opens today

The new program will cover up to 65 per cent of rent or commercial mortgage interest

Prime Minister Justin Trudeau speak to the media about the COVID-19 virus outside Rideau Cottage in Ottawa, Friday, Nov. 20, 2020. THE CANADIAN PRESS/Adrian Wyld
President-elect Joe Biden participates in a meeting with the National Governors Association’s executive committee in Wilmington, Del., Thursday, Nov. 19, 2020. Canada’s biggest private-sector unions are likely to play a starring role when Joe Biden’s proposed Buy American rules take centre stage next year. THE CANADIAN PRESS/AP-Andrew Harnik

Canada’s labour unions could play big role in efforts to avert ‘Buy American’ rules

Protectionism is a bigger force in the U.S. than it was even 10 years ago

President-elect Joe Biden participates in a meeting with the National Governors Association’s executive committee in Wilmington, Del., Thursday, Nov. 19, 2020. Canada’s biggest private-sector unions are likely to play a starring role when Joe Biden’s proposed Buy American rules take centre stage next year. THE CANADIAN PRESS/AP-Andrew Harnik
A Sezzle logo is shown in a person’s online shopping cart on a laptop in Vernon, B.C. on Wednesday, November 18, 2020. Canadians shopping for Sephora makeup, Herschel Supply Co. backpacks and Lush beauty products might have recently noticed a new option during the checkout process: buy now, pay later. The offers come from fintechs like PayBright, Afterpay, Sezzle, Klarna, QuadPay and Affirm. THE CANADIAN PRESS/Jesse Johnston

Be careful with buy now, pay later deals for nominal purchases: experts

These new services focus on nominal purchases and allow consumers to pay in instalments, sometimes interest free

A Sezzle logo is shown in a person’s online shopping cart on a laptop in Vernon, B.C. on Wednesday, November 18, 2020. Canadians shopping for Sephora makeup, Herschel Supply Co. backpacks and Lush beauty products might have recently noticed a new option during the checkout process: buy now, pay later. The offers come from fintechs like PayBright, Afterpay, Sezzle, Klarna, QuadPay and Affirm. THE CANADIAN PRESS/Jesse Johnston
FILE – The Statistics Canada offices in Ottawa are pictured, May 1, 2013. THE CANADIAN PRESS/Sean Kilpatrick

Annual rate of inflation rose to 0.7 per cent in October, Statistics Canada says

The increase compared with a year-over-year rise of 0.5 per cent in September

FILE – The Statistics Canada offices in Ottawa are pictured, May 1, 2013. THE CANADIAN PRESS/Sean Kilpatrick
A model airplane is seen in front of the newly-revealed Air Canada Boeing 787-8 Dreamliner aircraft at a hangar at the Toronto Pearson International Airport in Mississauga, Ont., Thursday, February 9, 2017. Air Canada’s three Aeroplan credit card partners are updating the features of the airline’s main customer loyalty program for travellers.THE CANADIAN PRESS/Mark Blinch

Air Miles or cash back? How to manage your travel rewards during a pandemic

The good news is that even travel-focused loyalty programs have become more flexible in recent years

A model airplane is seen in front of the newly-revealed Air Canada Boeing 787-8 Dreamliner aircraft at a hangar at the Toronto Pearson International Airport in Mississauga, Ont., Thursday, February 9, 2017. Air Canada’s three Aeroplan credit card partners are updating the features of the airline’s main customer loyalty program for travellers.THE CANADIAN PRESS/Mark Blinch
This Feb. 21, 2018, file photo shows a display of Heinz Ketchup on display in a market in Pittsburgh. Kraft Heinz says the production of Heinz Ketchup is returning to Canada, with the company’s Montreal, Que., factory set to begin making the iconic condiment next summer. THE CANADIAN PRESS/AP Photo/Gene J. Puskar

Kraft Heinz says production of its iconic condiment Heinz Ketchup to return to Canada

The project is expected to create 30 new jobs and help maintain about 750 existing positions

This Feb. 21, 2018, file photo shows a display of Heinz Ketchup on display in a market in Pittsburgh. Kraft Heinz says the production of Heinz Ketchup is returning to Canada, with the company’s Montreal, Que., factory set to begin making the iconic condiment next summer. THE CANADIAN PRESS/AP Photo/Gene J. Puskar
A woman looks at toys at a Toys “R” Us store in Guelph, Ont. in this undated handout photo. While holiday spending is expected to be muted this year overall, toy retailers like Toys “R” Us are expecting strong sales as parents aim to give kids a “normal” holiday. THE CANADIAN PRESS/HO, Toys “R” Us *MANDATORY CREDIT*

‘Flying off the shelves’: Toys likely bright spot amid muted holiday retail season

Retailers say some inventory is already thin as people shop earlier than normal

A woman looks at toys at a Toys “R” Us store in Guelph, Ont. in this undated handout photo. While holiday spending is expected to be muted this year overall, toy retailers like Toys “R” Us are expecting strong sales as parents aim to give kids a “normal” holiday. THE CANADIAN PRESS/HO, Toys “R” Us *MANDATORY CREDIT*
A real estate sold sign is shown in a Toronto west end neighbourhood May 17, 2020. The Canadian Real Estate Association says home sales in October edged back from their all-time record high for monthly sales they set in September. THE CANADIAN PRESS/Graeme Roy

CREA says October home sales edged back from record high set in September

The actual national average home price also set another record in October at $607,250

A real estate sold sign is shown in a Toronto west end neighbourhood May 17, 2020. The Canadian Real Estate Association says home sales in October edged back from their all-time record high for monthly sales they set in September. THE CANADIAN PRESS/Graeme Roy
Toronto clothing designer Hilary MacMillan poses for a photograph wearing her self-designed mask chains at her studio in Toronto, Thursday, Oct. 15, 2020. MacMillan is adapting to the COVID-19 pandemic selling masks and mask accessories. THE CANADIAN PRESS/Nathan Denette
Toronto clothing designer Hilary MacMillan poses for a photograph wearing her self-designed mask chains at her studio in Toronto, Thursday, Oct. 15, 2020. MacMillan is adapting to the COVID-19 pandemic selling masks and mask accessories. THE CANADIAN PRESS/Nathan Denette
A movie goer makes his way to a theatre at a Cineplex in Toronto, on Tuesday, October 6, 2020. THE CANADIAN PRESS/Chris Young

Cineplex tries to woo moviegoers with theatre rentals after 91% drop in tickets sold

Earlier, Cineplex reported a net loss of $121.2 million or $1.91 per share

A movie goer makes his way to a theatre at a Cineplex in Toronto, on Tuesday, October 6, 2020. THE CANADIAN PRESS/Chris Young
A model of a giant lobster marks the headquarters of Clearwater Fine Foods Inc., in Halifax, Wednesday, Oct. 19, 2005. Clearwater Fine Foods is being sold to Premium Holdings and a group of Mi’kmaq First Nations. THE CANADIAN PRESS/Andrew Vaughan

Mi’kmaq First Nations joining with Premium Brands to buy Clearwater Seafoods for $1 B

Mi’kmaq expect to hold Clearwater’s Canadian fishing licences within a fully Mi’kmaq-owned partnership

A model of a giant lobster marks the headquarters of Clearwater Fine Foods Inc., in Halifax, Wednesday, Oct. 19, 2005. Clearwater Fine Foods is being sold to Premium Holdings and a group of Mi’kmaq First Nations. THE CANADIAN PRESS/Andrew Vaughan