Business

(The Canadian Press)

IPOs booming as Canadian companies refuse to let crisis deter them from going public

TMX counted 158 new listings on the exchanges as of April, while all of last year had 300 and 2019 saw 273

(The Canadian Press)
A Helijet passenger helicopter lifts off from a helipad on the harbour past gantry cranes used to load and unload container ships at the DP World terminal at port, in Vancouver, B.C., Monday, Dec. 28, 2020. THE CANADIAN PRESS/Darryl Dyck

Canada posts $1.4B trade deficit in May as imports rose and exports fell

Statistics Canada said Friday the result followed a revised surplus of $462 million in April

A Helijet passenger helicopter lifts off from a helipad on the harbour past gantry cranes used to load and unload container ships at the DP World terminal at port, in Vancouver, B.C., Monday, Dec. 28, 2020. THE CANADIAN PRESS/Darryl Dyck
A sign advising mandatory wearing of masks to prevent the spread of COVID-19 is shown in Montreal on Saturday, June 19, 2021. THE CANADIAN PRESS/Graham Hughe

Unvaccinated employees could face masks, segregation upon return to office: Experts

As workplaces begin to reopen, employers are grappling with how to keep all workers safe

A sign advising mandatory wearing of masks to prevent the spread of COVID-19 is shown in Montreal on Saturday, June 19, 2021. THE CANADIAN PRESS/Graham Hughe
Transport Minister Omar Alghabra speaks while Ottawa South MP David McGuinty looks on during a press conference at the Ottawa MacDonald-Cartier International Airport on Wednesday, June 16, 2021. The Liberal government is speeding up its goal for when it wants to see all light-duty vehicles sold in Canada to be electric.THE CANADIAN PRESS/David Kawai

Liberals say by 2035 all new cars, light-duty trucks sold in Canada will be electric

The government had set 2040 target for when it wants to see all passenger vehicles sold be electric

Transport Minister Omar Alghabra speaks while Ottawa South MP David McGuinty looks on during a press conference at the Ottawa MacDonald-Cartier International Airport on Wednesday, June 16, 2021. The Liberal government is speeding up its goal for when it wants to see all light-duty vehicles sold in Canada to be electric.THE CANADIAN PRESS/David Kawai
The Tesla car screen shows obstacles and tracks the vehicle’s movements. (Liam Harrap/Revelstoke Review)

Tesla to recall 285,000 cars in China and fix cruise control

In a message to customers on the Chinese social media platform Weibo, Tesla said ‘there are potential safety hazards in extreme cases’

The Tesla car screen shows obstacles and tracks the vehicle’s movements. (Liam Harrap/Revelstoke Review)
(Canadian Press)

‘Like a pregnancy test:’ Rapid COVID-19 tests key tool to keep virus out of offices

Workplace testing program rolled out across Canada in an effort to identify asymptomatic infections

(Canadian Press)
Vehicles for sale are seen under a protective tent at a Mazda dealership in Calgary, Thursday, July 14, 2016. THE CANADIAN PRESS/Jeff McIntosh

Some used vehicles now cost more than original sticker price

Pandemic, global shortage of computer chips have pushed U.S. prices to record levels

Vehicles for sale are seen under a protective tent at a Mazda dealership in Calgary, Thursday, July 14, 2016. THE CANADIAN PRESS/Jeff McIntosh
The Lime-S electric scooter is pictured in Toronto on Thursday, Sept. 27, 2018. When shared e-scooter companies rolled into Canada in 2018, they hoped a few small pilots would quickly result in a country full of people zipping around on two wheels. THE CANADIAN PRESS/Giordano Ciampini

Despite the rough ride, e-scooter companies are bullish on Canada

Industry says shared rides “not a lost cause’ after some rough beginnings

The Lime-S electric scooter is pictured in Toronto on Thursday, Sept. 27, 2018. When shared e-scooter companies rolled into Canada in 2018, they hoped a few small pilots would quickly result in a country full of people zipping around on two wheels. THE CANADIAN PRESS/Giordano Ciampini
(Photo courtesy of USDA.)

Federal report urges changes in Canada’s grocery store competition laws

Review says current law risks ‘a slippery slope towards cartel-like conduct’

(Photo courtesy of USDA.)
People walk past new homes for sale in Oakville, Ont., on Tuesday, April 14, 2009. THE CANADIAN PRESS/Nathan Denette

May home sales fell 7.4 per cent, but on pace for record level this year: CREA

Canadian Real Estate Association predicting 2021 will see transactions rise 23.8 per cent

People walk past new homes for sale in Oakville, Ont., on Tuesday, April 14, 2009. THE CANADIAN PRESS/Nathan Denette
Cannabis plants are seen at a facility on February 20, 2019 in Sainte-Eustache, Que. Canada’s cannabis industry, banking on the chance to expand into the United States, is nervously eyeing the American political calendar and the Biden administration’s narrow legislative window to ease federal prohibitions on recreational marijuana.THE CANADIAN PRESS/Ryan Remiorz

Canadian producers hoping U.S. eases cannabis prohibitions nervously eyeing calendar

President Joe Biden supports decriminalizing cannabis and legalizing pot for medicinal purposes

Cannabis plants are seen at a facility on February 20, 2019 in Sainte-Eustache, Que. Canada’s cannabis industry, banking on the chance to expand into the United States, is nervously eyeing the American political calendar and the Biden administration’s narrow legislative window to ease federal prohibitions on recreational marijuana.THE CANADIAN PRESS/Ryan Remiorz
Environment and Climate Change Minister Jonathan Wilkinson responds to a question during Question Period in the House of Commons Thursday, Nov. 19, 2020 in Ottawa. The federal government is bringing in a new coal policy saying new or expanded thermal coal mines create unacceptable environmental impacts.THE CANADIAN PRESS/Adrian Wyld

‘Unacceptable environmental effects:’ New federal policy restricts thermal coal

Policy puts another roadblock in front of Coalspur Mines and its Alberta Vista mine expansion

Environment and Climate Change Minister Jonathan Wilkinson responds to a question during Question Period in the House of Commons Thursday, Nov. 19, 2020 in Ottawa. The federal government is bringing in a new coal policy saying new or expanded thermal coal mines create unacceptable environmental impacts.THE CANADIAN PRESS/Adrian Wyld
Finance ministers from across the G7 nations meet at Lancaster House in London, Saturday, June 5, 2021 ahead of the G7 leaders’ summit. THE CANADIAN PRESS/Pool Photo via AP-Henry Nicholls

Canada to tax tech giants as planned despite framework G7 tax deal, says Freeland

The Group of Seven wealthy democracies agreed to support a global minimum corporate tax of at least 15% to deter multinational companies from avoiding taxes by stashing profits in low-rate countries

Finance ministers from across the G7 nations meet at Lancaster House in London, Saturday, June 5, 2021 ahead of the G7 leaders’ summit. THE CANADIAN PRESS/Pool Photo via AP-Henry Nicholls
A pedestrian walks past The Bank of Canada in Ottawa on Tuesday, Dec. 15, 2020. THE CANADIAN PRESS/Sean Kilpatrick

Bank of Canada keeps key interest rate target on hold

Today’s announcement points to a recovery some time in the second half of 2022

A pedestrian walks past The Bank of Canada in Ottawa on Tuesday, Dec. 15, 2020. THE CANADIAN PRESS/Sean Kilpatrick
The Bank of Canada building is seen in Ottawa on April 15, 2020. THE CANADIAN PRESS/Adrian Wyld

Majority of economists expect Bank of Canada to stay put on interest rates: survey

The Bank of Canada has held its current rate since March 2020 when the COVID-19 pandemic was first declared

The Bank of Canada building is seen in Ottawa on April 15, 2020. THE CANADIAN PRESS/Adrian Wyld
Students walk to school at the Durham College campus and the University of Ontario Institute of Technology in Oshawa, Ont., on Tuesday, March 13, 2012. THE CANADIAN PRESS/Nathan Denette

Despite economic reopening, students still worry about lack of summer work

Concerns raised about the ability of young people to earn enough to help cover tuition in the fall

Students walk to school at the Durham College campus and the University of Ontario Institute of Technology in Oshawa, Ont., on Tuesday, March 13, 2012. THE CANADIAN PRESS/Nathan Denette
Credit cards are displayed in Montreal, Wednesday, Dec. 12, 2012. Equifax says the debt profile of Canadians has changed throughout the pandemic, with mortgages accounting for a larger portion of people’s debt. THE CANADIAN PRESS/Ryan Remiorz

Consumer debt driven by new mortgages, but credit card debt at six-year low

Potential exists that first-time homebuyers are starting to get priced out of the market

Credit cards are displayed in Montreal, Wednesday, Dec. 12, 2012. Equifax says the debt profile of Canadians has changed throughout the pandemic, with mortgages accounting for a larger portion of people’s debt. THE CANADIAN PRESS/Ryan Remiorz
People wearing face masks to protect against the spread of coronavirus walk along a comercial street in downtown Madrid, Spain, Saturday, June 5, 2021. Coronavirus infections, hospitalizations and deaths are plummeting across much of Europe. Vaccination rates are accelerating, and with them, the promise of summer vacations. (AP Photo/Manu Fernandez)

To the beach! Spain opens borders to tourists, cruise ships

Spanish government hopes to welcome 14.5 million to 15.5 million visitors between July and September

People wearing face masks to protect against the spread of coronavirus walk along a comercial street in downtown Madrid, Spain, Saturday, June 5, 2021. Coronavirus infections, hospitalizations and deaths are plummeting across much of Europe. Vaccination rates are accelerating, and with them, the promise of summer vacations. (AP Photo/Manu Fernandez)
Grounded Air Canada planes sit on the tarmac at Pearson International Airport during the COVID-19 pandemic in Toronto on Wednesday, April 28, 2021. THE CANADIAN PRESS/Nathan Denette

Air Canada says senior executives to voluntarily return 2020 bonuses

Public disappointment cited for return of some of the packages handed executives

Grounded Air Canada planes sit on the tarmac at Pearson International Airport during the COVID-19 pandemic in Toronto on Wednesday, April 28, 2021. THE CANADIAN PRESS/Nathan Denette
A plane is silhouetted as it takes off from Vancouver International Airport in Richmond, B.C., on May 13, 2019. THE CANADIAN PRESS/Jonathan Hayward

Airlines prepared for unruly passengers ahead of return to air travel

Air Canada said it has seen an uptick in disturbances on flights since the beginning of the pandemic

A plane is silhouetted as it takes off from Vancouver International Airport in Richmond, B.C., on May 13, 2019. THE CANADIAN PRESS/Jonathan Hayward