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

 

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

 

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
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
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
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
Shopify Inc. says it will layoff 10 per cent of its workforce because the company misjudged the growth of e-commerce. Shopify Inc. headquarters signage in Ottawa on Tuesday, May 3, 2022. THE CANADIAN PRESS/Sean Kilpatrick

‘I got this wrong:’ Shopify CEO announces plan to layoff 10 per cent of staff

Layoffs come as buyers revert to pre-pandemic shopping habits

Shopify Inc. says it will layoff 10 per cent of its workforce because the company misjudged the growth of e-commerce. Shopify Inc. headquarters signage in Ottawa on Tuesday, May 3, 2022. THE CANADIAN PRESS/Sean Kilpatrick
A Sunwing aircraft is parked at Montreal Trudeau airport in Montreal on Wednesday, March 2, 2022. Unifor says the Canadian government should block the WestJet Group’s takeover of Sunwing Airlines Inc. unless it can guarantee job creation and investments in workers. THE CANADIAN PRESS/Paul Chiasson

Unifor pushes for job guarantees in federal review of Westjet’s takeover of Sunwing

Union concerned acquisition will create lower wages, job instability

A Sunwing aircraft is parked at Montreal Trudeau airport in Montreal on Wednesday, March 2, 2022. Unifor says the Canadian government should block the WestJet Group’s takeover of Sunwing Airlines Inc. unless it can guarantee job creation and investments in workers. THE CANADIAN PRESS/Paul Chiasson
The House of Commons industry committee will hold two hearings today about the Rogers outage that lasted more than 15 hours and left millions of Canadians in a communications blackout. People use Starbucks’ provided WIFI at a store in Toronto amid a nationwide Rogers outage, affecting many of the telecommunication company’s services, Friday, July 8, 2022. THE CANADIAN PRESS/Cole Burston

Rogers unable to switch customers to Bell, Telus during outage, despite competing carrier offers

As a result, Rogers was unable to route most 911 calls

The House of Commons industry committee will hold two hearings today about the Rogers outage that lasted more than 15 hours and left millions of Canadians in a communications blackout. People use Starbucks’ provided WIFI at a store in Toronto amid a nationwide Rogers outage, affecting many of the telecommunication company’s services, Friday, July 8, 2022. THE CANADIAN PRESS/Cole Burston
A man pumps gas in Montreal, Friday, March 4, 2022. Statistics Canada will release consumer price index data for June on Wednesday, a week after the Bank of Canada raised its key interest rate by a full percentage point as it continues its battle against high inflation.THE CANADIAN PRESS/Graham Hughes

Economists predict inflation climbed even higher in June amid ‘reopening effect’

Statistics Canada set to release latest inflation data on July 20

A man pumps gas in Montreal, Friday, March 4, 2022. Statistics Canada will release consumer price index data for June on Wednesday, a week after the Bank of Canada raised its key interest rate by a full percentage point as it continues its battle against high inflation.THE CANADIAN PRESS/Graham Hughes
A heavy hauler trucks transports material from Suncor’s North Steepbank Mine in the oilsands in Fort McMurray Alta, on Monday June 13, 2017. Oilsands companies are exploring the possibility of deploying small modular nuclear reactors to create the heat needed in oilsands mining. THE CANADIAN PRESS/Jason Franson

Canada’s oilsands look into use of nuclear power as ‘net zero changes everything’

Some experts say use of the alternative power could be just a decade away

A heavy hauler trucks transports material from Suncor’s North Steepbank Mine in the oilsands in Fort McMurray Alta, on Monday June 13, 2017. Oilsands companies are exploring the possibility of deploying small modular nuclear reactors to create the heat needed in oilsands mining. THE CANADIAN PRESS/Jason Franson
A shopper wipes down a handle as they select a cart at an Ikea furniture store in Ottawa, Tuesday, May 31, 2022. Canadian retailers are struggling with higher shipping costs as couriers tack hefty fuel surcharges onto shipping rates to recoup record gas prices. THE CANADIAN PRESS/Justin Tang

Canadian retailers grapple with soaring fuel surcharges to ship online orders

Extra charge topping 40 per cent for some carriers

A shopper wipes down a handle as they select a cart at an Ikea furniture store in Ottawa, Tuesday, May 31, 2022. Canadian retailers are struggling with higher shipping costs as couriers tack hefty fuel surcharges onto shipping rates to recoup record gas prices. THE CANADIAN PRESS/Justin Tang
Chris Nowrouzi, CEO and Co-Owner of FlyGTA, is photographed at Buttonville Airport in Markham, Ontario on Saturday June 25, 2022. THE CANADIAN PRESS/Chris Young

Private air travel takes off in Canada— but can it stay aloft?

Airport delays and chaos pushing more wealthy people to fly privately

Chris Nowrouzi, CEO and Co-Owner of FlyGTA, is photographed at Buttonville Airport in Markham, Ontario on Saturday June 25, 2022. THE CANADIAN PRESS/Chris Young
A worker organizes chairs and tables on the patio of a restaurant on College St., Toronto, Thursday, October 28, 2021. Restaurants across Canada are cutting back hours and tightening up menus as persistent labour shortages and spiking costs threaten to derail the industry’s comeback from crushing pandemic restrictions.THE CANADIAN PRESS/Eduardo Lima

‘We just don’t have enough workers:’ Restaurants rocked by labour shortage, inflation

Workers pushing back against long hours, unstable schedules and low pay

A worker organizes chairs and tables on the patio of a restaurant on College St., Toronto, Thursday, October 28, 2021. Restaurants across Canada are cutting back hours and tightening up menus as persistent labour shortages and spiking costs threaten to derail the industry’s comeback from crushing pandemic restrictions.THE CANADIAN PRESS/Eduardo Lima
The Hudson’s Bay Company heritage building in Winnipeg is photographed Thursday, April 21, 2022. One of the landmark stores formerly run by the Hudson’s Bay Co. is about to undergo a major transformation in the name of reconciliation with Indigenous people. THE CANADIAN PRESS/John Woods

Hudson’s Bay Co. calls donation of Winnipeg building an act of reconciliation

Company set to transfer what was one of its flagship stores to a First Nations group

The Hudson’s Bay Company heritage building in Winnipeg is photographed Thursday, April 21, 2022. One of the landmark stores formerly run by the Hudson’s Bay Co. is about to undergo a major transformation in the name of reconciliation with Indigenous people. THE CANADIAN PRESS/John Woods
Monorail tracks and concrete pilings lead into contemporary hotel under construction at Walt Disney World July 7, 1971 Orlando, Florida. The idea was presented to Florida lawmakers in a movie house outside Orlando, Florida 55 years ago: Let Disney form its own government and in exchange it would create a futuristic city of tomorrow. (AP Photo/SDS)

Florida Senate passes bill to end Disney self-government

Proposal could have huge tax implications for Disney which transformed Orlando into a destination

Monorail tracks and concrete pilings lead into contemporary hotel under construction at Walt Disney World July 7, 1971 Orlando, Florida. The idea was presented to Florida lawmakers in a movie house outside Orlando, Florida 55 years ago: Let Disney form its own government and in exchange it would create a futuristic city of tomorrow. (AP Photo/SDS)
Canada’s 100 highest-paid CEOs had their second-best year ever in 2020, even as the COVID-19 pandemic left this country in the worst economic downturn since the Great Depression. (File photo by The Canadian Press)

Top CEOs in Canada were paid at second-highest level ever during the pandemic

Country’s highest-paid CEOs earned an average of $10.9 million in 2020

Canada’s 100 highest-paid CEOs had their second-best year ever in 2020, even as the COVID-19 pandemic left this country in the worst economic downturn since the Great Depression. (File photo by The Canadian Press)
STARS air ambulance flew 1,436 missions in 2020-21 fiscal year from bases in Calgary, Edmonton and Grande Prairie. (File photo by Advocate staff)

STARS assists with COVID patient transfers to and from Red Deer during fourth wave

STARS flew 54 missions to Red Deer in 2020-21

STARS air ambulance flew 1,436 missions in 2020-21 fiscal year from bases in Calgary, Edmonton and Grande Prairie. (File photo by Advocate staff)