Business

New home construction takes place in a development in Oakville, Ont., on Thursday, Aug. 15, 2019. THE CANADIAN PRESS/Nathan Denette

Canadian homebuilding remains strong despite 20% drop in September, say economists

Economists had expected an annual rate of 240,000 starts in September

New home construction takes place in a development in Oakville, Ont., on Thursday, Aug. 15, 2019. THE CANADIAN PRESS/Nathan Denette
A sign on a shop window indicates the store is closed in Ottawa, Monday March 23, 2020. THE CANADIAN PRESS/Adrian Wyld

Indebted Canadian businesses more ‘fragile’ than during 1st wave, BDC economist warns

The study said 87 per cent of entrepreneurs are confident they will make it through the crisis

A sign on a shop window indicates the store is closed in Ottawa, Monday March 23, 2020. THE CANADIAN PRESS/Adrian Wyld
A woman wears a protective face mask as she walks past a opened restaurant patio on Granville Street in Vancouver, Wednesday, May 20, 2020. The pandemic may serve as an opportunity for the restaurant industry to innovate in order to avoid closures as public health measures limit the sale of booze and erode already thin profit margins, say addiction and business experts. THE CANADIAN PRESS/Jonathan Hayward

Focus on innovation, not alcohol, key to survival for restaurants: experts

Restaurants and bars have fought the restriction of a 10 p.m. stop on alcohol sales in British Columbia

A woman wears a protective face mask as she walks past a opened restaurant patio on Granville Street in Vancouver, Wednesday, May 20, 2020. The pandemic may serve as an opportunity for the restaurant industry to innovate in order to avoid closures as public health measures limit the sale of booze and erode already thin profit margins, say addiction and business experts. THE CANADIAN PRESS/Jonathan Hayward
A clothes washer, left, and dryer, centre, are on display at a Home Depot store location in Boston on January 27, 2020. THE CANADIAN PRESS/AP, Steven Senne

Surging appliance sales, supply chain issues lead to shortages ahead of Black Friday

Manufacturers have run into problems obtaining parts and have also scaled-back production lines

A clothes washer, left, and dryer, centre, are on display at a Home Depot store location in Boston on January 27, 2020. THE CANADIAN PRESS/AP, Steven Senne
A cleaner wipes a glass panel at Toronto’s Eaton Centre Shopping mall on Saturday, March 21, 2020. THE CANADIAN PRESS/Chris Young

12 weeks of Christmas — retailers speed up holiday plans in a daunting year

Higher than usual unemployment, end of loan deferrals could hamper shopping

A cleaner wipes a glass panel at Toronto’s Eaton Centre Shopping mall on Saturday, March 21, 2020. THE CANADIAN PRESS/Chris Young
Buying and selling a home comes with a lot of questions. (THE CANADIAN PRESS/Sean Kilpatrick)

COVID-19 is reshaping what first-time homebuyers are looking for: BMO survey

Still, 40 per cent of potential first-time home owners think now is a good time to buy

Buying and selling a home comes with a lot of questions. (THE CANADIAN PRESS/Sean Kilpatrick)
Suncor Energy Inc.’s logo is shown at the company’s annual meeting in Calgary on April 27, 2017.THE CANADIAN PRESS/Jeff McIntosh

Suncor Energy says it will cut 10-15% of its workforce over next 18 months

The Calgary-based company had 12,889 staff at the end of 2019

Suncor Energy Inc.’s logo is shown at the company’s annual meeting in Calgary on April 27, 2017.THE CANADIAN PRESS/Jeff McIntosh
In this May 17, 2019, file photo, a car leaves a Shell station after getting gas in Sacramento, Calif. THE CANADIAN PRESS/AP/Rich Pedroncelli

Shell plan to cut up to 9,000 jobs could result in 100s of fewer jobs in Canada

Shell’s presence in Canada was reduced in 2017 when it sold most of its Alberta oilsands assets

In this May 17, 2019, file photo, a car leaves a Shell station after getting gas in Sacramento, Calif. THE CANADIAN PRESS/AP/Rich Pedroncelli
Unifor President Jerry Dias takes a question from a journalist after announcing a three-year labour agreement with the Ford Motor Company at a news conference in Toronto on Tuesday, September 22, 2020. THE CANADIAN PRESS/Chris Young

Airline unions call on Trudeau for $7 billion in loans for ailing industry

Travel restrictions and dried-up demand continue to take a toll on the airline and tourism industries

Unifor President Jerry Dias takes a question from a journalist after announcing a three-year labour agreement with the Ford Motor Company at a news conference in Toronto on Tuesday, September 22, 2020. THE CANADIAN PRESS/Chris Young
A Mountain Equipment Coop, MEC, sign is seen on a store front in Montreal on Tuesday, June 18, 2019. THE CANADIAN PRESS/Paul Chiasson

Struggling outdoor equipment retailer MEC opposes efforts to pause sale to Kingswood

MEC said it’s urgent for the sale to close before the retailer sees ‘significant weekly cash flow losses’

A Mountain Equipment Coop, MEC, sign is seen on a store front in Montreal on Tuesday, June 18, 2019. THE CANADIAN PRESS/Paul Chiasson
Pedestrians walk past a Deloitte sign in downtown Ottawa on Tuesday, September 20, 2011. THE CANADIAN PRESS/Sean Kilpatrick

Hiring marginalized workers could jump-start economy, boost incomes by $5K: Deloitte

The report, which looks to predict Canada’s economy in 2030, suggests that the country will need more workers

Pedestrians walk past a Deloitte sign in downtown Ottawa on Tuesday, September 20, 2011. THE CANADIAN PRESS/Sean Kilpatrick
Inter Pipeline’s Heartland Petrochemical Complex is shown under construction in Fort Saskatchewan, Alta., on Thursday, January 10, 2019. THE CANADIAN PRESS/Jason Franson
Inter Pipeline’s Heartland Petrochemical Complex is shown under construction in Fort Saskatchewan, Alta., on Thursday, January 10, 2019. THE CANADIAN PRESS/Jason Franson
FILE – Gondolas at Lake Louise ski resort in Lake Louise, Alta., Saturday, Nov. 24, 2018. THE CANADIAN PRESS/Jeff McIntosh

Canadian ski resorts wrestle with pandemic-vs.-profit dilemma as COVID-19 persists

Few are actually restricting the total number of skiers they allow on the hill

FILE – Gondolas at Lake Louise ski resort in Lake Louise, Alta., Saturday, Nov. 24, 2018. THE CANADIAN PRESS/Jeff McIntosh
A flight arrives at Vancouver International Airport in Richmond, B.C. Wednesday, March 18, 2020. THE CANADIAN PRESS/Jonathan Hayward

Airlines demand ‘concrete plan’ for financial aid after throne speech hints at relief

Canadian airline revenues in 2020 will fall by $14.6 billion or 43 per cent from last year

A flight arrives at Vancouver International Airport in Richmond, B.C. Wednesday, March 18, 2020. THE CANADIAN PRESS/Jonathan Hayward
Delegates make use of a coffee break to check emails and make phone calls outside the Banff Springs Hotel during the Global Business Forum in Banff, Alta. on Thursday, September 19, 2013. THE CANADIAN PRESS/Larry MacDougal

Global Business Forum conference in Banff goes ahead with COVID-19 adjustments

Lois Mitchell says there’s no intent to ever duplicate the format in future years

Delegates make use of a coffee break to check emails and make phone calls outside the Banff Springs Hotel during the Global Business Forum in Banff, Alta. on Thursday, September 19, 2013. THE CANADIAN PRESS/Larry MacDougal
People wear costumes at a house decorated for Halloween in Walschleben near Erfurt, Germany, Thursday, Oct. 31, 2019. THE CANADIAN PRESS/AP/Jens Meyer

With trick-or-treating in doubt, experts say Halloween sales could be weak

Halloween sales could also serve as an indicator for what retailers might expect this Christmas

People wear costumes at a house decorated for Halloween in Walschleben near Erfurt, Germany, Thursday, Oct. 31, 2019. THE CANADIAN PRESS/AP/Jens Meyer
The Ottawa headquarters of Canadian e-commerce company Shopify are pictured on Wednesday, May 29, 2019. THE CANADIAN PRESS/Justin Tang

Shopify says two ‘rogue’ employees involved in data breach to obtain customer records

Shopify says it doesn’t have evidence at this point in the investigation that the data was used

The Ottawa headquarters of Canadian e-commerce company Shopify are pictured on Wednesday, May 29, 2019. THE CANADIAN PRESS/Justin Tang
Alison and Randy Patton are the new owners of the Sylvan Lake Canadian Tire. Photo by Megan Roth/Sylvan Lake News

New owners of Sylvan Lake Canadian Tire looking to be big part of the community

Randy and Alison Patton are the new owners of Sylvan Lake Canadian Tire

Alison and Randy Patton are the new owners of the Sylvan Lake Canadian Tire. Photo by Megan Roth/Sylvan Lake News
A WestJet flight from Calgary arrives at Halifax Stanfield International Airport in Enfield, N.S., Monday, July 6, 2020. WestJet Airlines Ltd. is now offering refunds to customers with European flights that it cancelled due to the COVID-19 pandemic. THE CANADIAN PRESS/Andrew Vaughan

WestJet offers refunds to passengers with cancelled European flights

WestJet is contacting guests with eligible flights who had already accepted travel credit

A WestJet flight from Calgary arrives at Halifax Stanfield International Airport in Enfield, N.S., Monday, July 6, 2020. WestJet Airlines Ltd. is now offering refunds to customers with European flights that it cancelled due to the COVID-19 pandemic. THE CANADIAN PRESS/Andrew Vaughan
Statistics Canada building and signs are pictured in Ottawa on Wednesday, July 3, 2019. Statistics Canada will reveal today how the country’s official measure of inflation fared in August with expectations for another month of near-zero readings. THE CANADIAN PRESS/Sean Kilpatrick

Consumer price index in August hits 0.1 per cent, Statistics Canada says

The average economist estimate had been for a year-over-year increase of 0.4 per cent for August

Statistics Canada building and signs are pictured in Ottawa on Wednesday, July 3, 2019. Statistics Canada will reveal today how the country’s official measure of inflation fared in August with expectations for another month of near-zero readings. THE CANADIAN PRESS/Sean Kilpatrick