Business

Minister of National Defence Anita Anand holds a media availability on Parliament Hill in Ottawa, on Thursday, Jan. 26, 2023. Anand and Economic Development Minister François-Philippe Champagne are headed to the U.S. capital tonight to remind lawmakers and military contractors about the economic virtues of collaborating with Canada. THE CANADIAN PRESS/Spencer Colby

Defence, innovation ministers team up to sell D.C. on merits of working with Canada

Pair selling the idea that critical minerals industry makes it an ideal partner in defence

Money is removed from an ATM in Montreal, Monday, May 30, 2016. A new poll finds one-third of Canadian households say their financial situation has worsened over the last year. THE CANADIAN PRESS/Ryan Remiorz

1/3 of households say they’re financially worse off compared to year ago: poll

‘People … in lower income brackets are finding the pinch particularly difficult…’

(Black Press Media Creative)

Google is getting its ChatGPT competitor ready for prime time.

The company said on Monday that its new conversational AI service, called…

Eggs are sorted at an egg farm in West Lincoln, Ont., on Monday, March 7, 2016. Canada’s supply managed egg industry is quietly emerging as a boon for Canadian consumers as other countries grapple with massive egg shortages, rationing and spiking prices. THE CANADIAN PRESS/Peter Power

‘Made-in-Canada system’ keeps egg supply stable. But is it also keeping prices high?

Egg prices climbed 16.5 per cent from December 2021 to 2022

Eggs are sorted at an egg farm in West Lincoln, Ont., on Monday, March 7, 2016. Canada’s supply managed egg industry is quietly emerging as a boon for Canadian consumers as other countries grapple with massive egg shortages, rationing and spiking prices. THE CANADIAN PRESS/Peter Power
Houses are covered with snow as the downtown skyline is seen in the distance, in Vancouver, on Wednesday, December 21, 2022. The British Columbia Real Estate Association says the chill across the province’s real estate sector will drag on through 2023, but it calls for a strong rebound next year. THE CANADIAN PRESS/Darryl Dyck

Gloomy economic outlook, elevated mortgages drag down 2023 B.C. housing market: BCREA

Conditions are expected to rebound in 2024

Houses are covered with snow as the downtown skyline is seen in the distance, in Vancouver, on Wednesday, December 21, 2022. The British Columbia Real Estate Association says the chill across the province’s real estate sector will drag on through 2023, but it calls for a strong rebound next year. THE CANADIAN PRESS/Darryl Dyck
Experts say the outlook for the loonie in 2023 largely depends on commodity prices, how the U.S. dollar fares, and whether central banks are successful in avoiding a major recession. Falling Canadian dollar coins or loonies are pictured in North Vancouver, B.C., Wednesday, May 29, 2019. THE CANADIAN PRESS/Jonathan Hayward

Canadian dollar’s outlook for 2023 uncertain as interest rate hikes wane: experts

Loonie recently rose to its highest level in more than two months against the U.S. dollar

Experts say the outlook for the loonie in 2023 largely depends on commodity prices, how the U.S. dollar fares, and whether central banks are successful in avoiding a major recession. Falling Canadian dollar coins or loonies are pictured in North Vancouver, B.C., Wednesday, May 29, 2019. THE CANADIAN PRESS/Jonathan Hayward
The Uber app is seen on an iPhone near a driver’s vehicle after the company launched service in Vancouver, Friday, Jan. 24, 2020. Uber Technologies Inc. says it is bringing its shared rides offering back to Canada with a new name. THE CANADIAN PRESS/Darryl Dyck

Uber relaunches ride share option in some Canadian cities under new name

UberX Share was previously known as UberPool and was paused when the pandemic hit

The Uber app is seen on an iPhone near a driver’s vehicle after the company launched service in Vancouver, Friday, Jan. 24, 2020. Uber Technologies Inc. says it is bringing its shared rides offering back to Canada with a new name. THE CANADIAN PRESS/Darryl Dyck
A plane is silhouetted as it takes off from Vancouver International Airport in Richmond, B.C., on May 13, 2019. A group of airlines are asking the Supreme Court of Canada to hear their case after a lower court ruling largely upheld the validity of Canada's air passenger bill of rights. THE CANADIAN PRESS/Jonathan Hayward

Airlines ask Supreme Court to hear case on passenger bill of rights

Bill bolsters compensation for air travellers subjected to delayed flights and damaged luggage

A plane is silhouetted as it takes off from Vancouver International Airport in Richmond, B.C., on May 13, 2019. A group of airlines are asking the Supreme Court of Canada to hear their case after a lower court ruling largely upheld the validity of Canada's air passenger bill of rights. THE CANADIAN PRESS/Jonathan Hayward
Local MLA John Horgan and T’Sou-ke Nation Chief Gordie Planes listen to an explanation from Synergraze founder and CEO Tamara Loiselle on how the spore tank works at a demonstration project in a greenhouse that’s home to an innovative project aimed at reducing methane gas emissions from livestock. (Rick Stiebel-Sooke News Mirror)

B.C. cow fart reduction project seeks to clear the air with seaweed

Partners in an innovative methane reduction method want to set the record straight with neighbours

Local MLA John Horgan and T’Sou-ke Nation Chief Gordie Planes listen to an explanation from Synergraze founder and CEO Tamara Loiselle on how the spore tank works at a demonstration project in a greenhouse that’s home to an innovative project aimed at reducing methane gas emissions from livestock. (Rick Stiebel-Sooke News Mirror)
FILE - Elon Musk departs the Phillip Burton Federal Building and United States Court House in San Francisco on Jan. 24, 2023. On Wednesday, Feb. 1, Sam Teller, Musk’s former chief of staff, testified that the billionaire believed he had a “handshake deal” to take Tesla private in 2018 shortly before he tweeted he had the financing for an aborted buyout that is still haunting him in a high-profile trial. (AP Photo/ Benjamin Fanjoy, File)

Elon Musk surprise appearance as Tesla tweet trial wraps up

A high-profile trial focused on a 2018 tweet about the financing for…

FILE - Elon Musk departs the Phillip Burton Federal Building and United States Court House in San Francisco on Jan. 24, 2023. On Wednesday, Feb. 1, Sam Teller, Musk’s former chief of staff, testified that the billionaire believed he had a “handshake deal” to take Tesla private in 2018 shortly before he tweeted he had the financing for an aborted buyout that is still haunting him in a high-profile trial. (AP Photo/ Benjamin Fanjoy, File)
Delissio frozen pizzas are shown in the frozen food aisle at a grocery store in Toronto on Thursday, Feb. 2, 2023. Nestle Canada says it is winding down its frozen meals and pizza business in Canada over the next six months. The four brands that will no longer be sold in the freezer aisle at Canadian grocery stores are Delissio, Stouffer’s, Lean Cuisine and Life Cuisine. THE CANADIAN PRESS/Joe O’Connal

Nestle Canada to wind down frozen meals and pizza business including Delissio

Stouffer’s, Lean Cuisine and Life Cuisine also will no longer be sold at Canadian grocery stores

Delissio frozen pizzas are shown in the frozen food aisle at a grocery store in Toronto on Thursday, Feb. 2, 2023. Nestle Canada says it is winding down its frozen meals and pizza business in Canada over the next six months. The four brands that will no longer be sold in the freezer aisle at Canadian grocery stores are Delissio, Stouffer’s, Lean Cuisine and Life Cuisine. THE CANADIAN PRESS/Joe O’Connal
Minister of Natural Resources Jonathan Wilkinson participates in a fireside discussion in Ottawa, on Wednesday, Feb. 1, 2023. Wilkinson says legislation to lay out the government’s plan to protect jobs during the clean-energy transition is still months away. THE CANADIAN PRESS/Justin Tang

Feds to lay out ‘sustainable jobs’ plan for energy transition ahead of legislation

Natural Resources Minister Jonathan Wilkinson promised to outline plans by early spring

Minister of Natural Resources Jonathan Wilkinson participates in a fireside discussion in Ottawa, on Wednesday, Feb. 1, 2023. Wilkinson says legislation to lay out the government’s plan to protect jobs during the clean-energy transition is still months away. THE CANADIAN PRESS/Justin Tang
The corporate logo of Helly Hansen is shown. THE CANADIAN PRESS/HO - Helly Hansen

Thousands of Helly Hansen sweaters recalled in Canada due to ‘flammability hazard’

Products do not or may not meet national standards, no incidents or injuries reported

The corporate logo of Helly Hansen is shown. THE CANADIAN PRESS/HO - Helly Hansen
People shop for produce at the Granville Island Market in Vancouver, on Wednesday, July 20, 2022. Canada’s inflation rate was up 8.1 per cent in June compared with a year ago, its largest yearly change since January 1983. Statistics Canada will release its November reading of gross domestic product this morning.THE CANADIAN PRESS/Darryl Dyck

Canadian economy grew slightly in November, expected to slow further

High interest rates already showing signs of slowing spending

People shop for produce at the Granville Island Market in Vancouver, on Wednesday, July 20, 2022. Canada’s inflation rate was up 8.1 per cent in June compared with a year ago, its largest yearly change since January 1983. Statistics Canada will release its November reading of gross domestic product this morning.THE CANADIAN PRESS/Darryl Dyck
BLK MKT by Avant won the 2022 Cannabis Brand of the Year Canada. (blk-mkt.ca)

High praise for Kelowna cannabis brand

BLK MKT won the 2022 Cannabis Brand of the Year by ADCANN

BLK MKT by Avant won the 2022 Cannabis Brand of the Year Canada. (blk-mkt.ca)
Advocates and business owners in the beverage industry say Canada’s new guidelines for drinking alcohol could speed up changing consumer drinking habits as younger generations are drinking less and non-alcoholic beverages are becoming more popular. An alcoholic beverage is seen in a drinking establishment in Halifax on Wednesday, Aug. 1, 2018. CANADIAN PRESS/Andrew Vaughan

New alcohol recommendations could speed up changing drinking habits: businesses

Trends see customers looking to drink less and explore more non-alcoholic options

Advocates and business owners in the beverage industry say Canada’s new guidelines for drinking alcohol could speed up changing consumer drinking habits as younger generations are drinking less and non-alcoholic beverages are becoming more popular. An alcoholic beverage is seen in a drinking establishment in Halifax on Wednesday, Aug. 1, 2018. CANADIAN PRESS/Andrew Vaughan
Dairy cows are seen at a farm, Friday, August 31, 2018 in Sainte-Marie-Madelaine, Que. A pair of senior U.S. senators are urging the Biden administration to get tough with Canada for “flouting” obligations to its North American trade partners. THE CANADIAN PRESS/Ryan Remiorz

U.S. senators call for trade crackdown on Canada over dairy quotas, digital policies

Pair say America’s continental trading partners playing fast and loose with new rules

Dairy cows are seen at a farm, Friday, August 31, 2018 in Sainte-Marie-Madelaine, Que. A pair of senior U.S. senators are urging the Biden administration to get tough with Canada for “flouting” obligations to its North American trade partners. THE CANADIAN PRESS/Ryan Remiorz
Shopping carts are lined up at The Home Depot store on Monday, Feb. 22, 2021, in Cornelius, N.C. (AP Photo/Chris Carlson)

Home Depot gave personal data to Meta without valid customer consent: watchdog

Canada’s privacy watchdog says Home Depot stopped sharing customer information with Meta last October

Shopping carts are lined up at The Home Depot store on Monday, Feb. 22, 2021, in Cornelius, N.C. (AP Photo/Chris Carlson)
FILE - In this Thursday, June 18, 2020 file photo, President Donald Trump looks at his phone during a roundtable with governors on the reopening of America's small businesses, in the State Dining Room of the White House in Washington. On Wednesday, Jan. 25, 2023, Facebook parent Meta said in a blog post it is reinstating former President Trump’s personal account after two-year suspension following the Jan. 6 insurrection. (AP Photo/Alex Brandon, File)

Donald Trump to be allowed back on Facebook after 2-year ban

Facebook parent Meta said Wednesday it will restore former President Donald Trump…

FILE - In this Thursday, June 18, 2020 file photo, President Donald Trump looks at his phone during a roundtable with governors on the reopening of America's small businesses, in the State Dining Room of the White House in Washington. On Wednesday, Jan. 25, 2023, Facebook parent Meta said in a blog post it is reinstating former President Trump’s personal account after two-year suspension following the Jan. 6 insurrection. (AP Photo/Alex Brandon, File)
The Bank of Canada will announce its interest rate decision this morning as economists widely expect the central bank to opt for a quarter percentage point rate hike. The Bank of Canada is shown in Ottawa on Tuesday, July 12, 2022. THE CANADIAN PRESS/Sean Kilpatrick

Bank of Canada hikes key interest rate by quarter point, says it plans to hold

Key interest rate now stands at 4.5 per cent, highest it’s been in more than 15 years

The Bank of Canada will announce its interest rate decision this morning as economists widely expect the central bank to opt for a quarter percentage point rate hike. The Bank of Canada is shown in Ottawa on Tuesday, July 12, 2022. THE CANADIAN PRESS/Sean Kilpatrick