Business

People pass a large Christmas tree as they go shopping on Christmas Eve at a mall in Ottawa, Thursday, Dec. 24, 2020. A Retail Council of Canada survey says Canadians are planning to spend more this holiday season as they prepare to return to stores a year after the COVID-19 pandemic prompted many to shop online. THE CANADIAN PRESS/Justin Tang

Canadians to spend big on holidays, return to shopping malls, multiple surveys find

Accenture: Canadians will spend an average of $635 in 2021, an increase of more than 23 per cent

Pumpjacks are shown pumping crude oil near Halkirk, Alta., on June 20, 2007. THE CANADIAN PRESS/Larry MacDougal

Alta. oilpatch recruiting in Maritimes again as drilling set to rise in 2022

6,457 oil and gas wells expected to be drilled in 2022, a more than 25 per cent increase from 2021

Pumpjacks are shown pumping crude oil near Halkirk, Alta., on June 20, 2007. THE CANADIAN PRESS/Larry MacDougal
Mastermind Toys CEO Sarah Jordan poses in this November 2021 handout photo. THE CANADIAN PRESS/HO - Mastermind Toys

Depth of Black Friday discounts depends on resiliency of retailers’ supply chains

Analyst says retailers may back off on on discounts because they don’t have the inventory

Mastermind Toys CEO Sarah Jordan poses in this November 2021 handout photo. THE CANADIAN PRESS/HO - Mastermind Toys
Edward Rogers, Chairman of Rogers Communications, is shown before the start of the CRTC hearing looking into the merge of the two communication companies in Gatineau, Quebec, on Monday November 22, 2021. THE CANADIAN PRESS/Fred Chartrand

Telus says Rogers takeover of Shaw would harm competition, urges CRTC to reject

‘This will greatly reduce competition and consumer choice, and impoverish the diversity of voices’

Edward Rogers, Chairman of Rogers Communications, is shown before the start of the CRTC hearing looking into the merge of the two communication companies in Gatineau, Quebec, on Monday November 22, 2021. THE CANADIAN PRESS/Fred Chartrand
Holiday shoppers check on discounts at Lush, a cosmetics store at Cherry Creek Shopping Center in Denver, Colo. on Friday, Nov. 24, 2017. THCANADIAN PRESS/AP-Tatiana Flowers

Lush Cosmetics to deactivate Instagram, Facebook, TikTok and Snapchat accounts

Co-founder: ‘overwhelming evidence we are being put at risk when using social media’

Holiday shoppers check on discounts at Lush, a cosmetics store at Cherry Creek Shopping Center in Denver, Colo. on Friday, Nov. 24, 2017. THCANADIAN PRESS/AP-Tatiana Flowers
Nurse Iciar Bercian prepares a shot at a vaccine clinic in Calgary on June 2, 2021. THE CANADIAN PRESS/Jeff McIntosh

Alberta apartment building owner hopes to set precedent with vaccine requirement

Strategic says it’s first major landlord in Canada to implement a vaccine requirement for new tenants

Nurse Iciar Bercian prepares a shot at a vaccine clinic in Calgary on June 2, 2021. THE CANADIAN PRESS/Jeff McIntosh
The Bank of Nova Scotia building is shown in the financial district in Toronto on Tuesday, August 22, 2017. Canadians eyeing internships, co-op placements and graduate positions at Scotiabank no longer have to polish up their resumes. THE CANADIAN PRESS/Nathan Denette

Scotiabank ditches resumés for campus hiring, widening candidate pool

The decision has already boosted the bank’s number of hires for people of colour, increased retention rates

The Bank of Nova Scotia building is shown in the financial district in Toronto on Tuesday, August 22, 2017. Canadians eyeing internships, co-op placements and graduate positions at Scotiabank no longer have to polish up their resumes. THE CANADIAN PRESS/Nathan Denette
A woman and children who were stranded by high water due to flooding are rescued by a volunteer operating a boat Abbotsford, British Columbia on Tuesday, Nov. 16, 2021. Officials in a small city near the Canada border are calling the damage devastating after a storm that dumped rain for days caused flooding and mudslides. City officials in Sumas, Washington said Tuesday that hundreds of people had been evacuated and estimated that 75% of homes had water damage. Just over the border, residents in about 1,100 rural homes in Abbotsford were told to evacuate as waterways started to rise quickly. (Darryl Dyck/The Canadian Press via AP)

B.C. storm disrupts supply chain, could have lasting impacts on economy: experts

All major highways between B.C.’s Lower Mainland and the Interior severed by severe rainfall

A woman and children who were stranded by high water due to flooding are rescued by a volunteer operating a boat Abbotsford, British Columbia on Tuesday, Nov. 16, 2021. Officials in a small city near the Canada border are calling the damage devastating after a storm that dumped rain for days caused flooding and mudslides. City officials in Sumas, Washington said Tuesday that hundreds of people had been evacuated and estimated that 75% of homes had water damage. Just over the border, residents in about 1,100 rural homes in Abbotsford were told to evacuate as waterways started to rise quickly. (Darryl Dyck/The Canadian Press via AP)
A vinyl record by The Verve plays on a turntable, Thursday, May 27, 2021, in Falmouth, Maine. The COVID-19 pandemic benefitted record store owners who saw a surge in sales. (AP Photo/Robert F. Bukaty)

Not just Adele: Surging vinyl sales amid supply squeeze derail some artists’ plans

Vinyl sales in Canada up an astounding 53 per cent, but shippers and manufacturers can’t keep up

A vinyl record by The Verve plays on a turntable, Thursday, May 27, 2021, in Falmouth, Maine. The COVID-19 pandemic benefitted record store owners who saw a surge in sales. (AP Photo/Robert F. Bukaty)
Prime Minister Justin Trudeau, right, sits beside U.S. President Joe Biden at an event about the Global Methane Pledge at COP26 in Glasgow, Scotland on Tuesday, Nov. 2, 2021. Business leaders in Canada are urging Trudeau to show some tough love when he visits the White House this week. THE CANADIAN PRESS/Sean Kilpatrick

Experts call on Canada to take harder line with U.S. at Three Amigos summit Thursday

It’s the prime minister’s first visit to Washington since Biden was sworn in

Prime Minister Justin Trudeau, right, sits beside U.S. President Joe Biden at an event about the Global Methane Pledge at COP26 in Glasgow, Scotland on Tuesday, Nov. 2, 2021. Business leaders in Canada are urging Trudeau to show some tough love when he visits the White House this week. THE CANADIAN PRESS/Sean Kilpatrick
The International Rainbow Bridge connecting Niagara Falls, Ont. and Niagara Falls, N.Y. is shown on Wednesday, October 13, 2021. THE CANADIAN PRESS/Aaron Lynett

Canadian tourism group urges feds to axe ‘irrational’ border-crossing requirements

All travellers must provide proof of a negative COVID-19 molecular test that can cost up to $300

The International Rainbow Bridge connecting Niagara Falls, Ont. and Niagara Falls, N.Y. is shown on Wednesday, October 13, 2021. THE CANADIAN PRESS/Aaron Lynett
The container ship CMA CGM Marco Polo unloads cargo at the PSA Halifax container berth in Halifax on May 18, 2021. THE CANADIAN PRESS/Andrew Vaughan

As trade bottlenecks weigh on economy, Liberals urged to help reshape supply chains

Pandemic has throttled the movement of goods globally and inflated its costs

The container ship CMA CGM Marco Polo unloads cargo at the PSA Halifax container berth in Halifax on May 18, 2021. THE CANADIAN PRESS/Andrew Vaughan
The Rogers corporate head office and headquarters in Toronto on Monday, Oct. 25, 2021. A battle for control of Rogers Communications Inc. will make its way to B.C. Supreme Court today. THE CANADIAN PRESS/Evan Buhler

Court battle over control of Rogers communications empire underway in Vancouver

Edward Rogers misinterpreting B.C. law on removal of board members: family’s lawyer

The Rogers corporate head office and headquarters in Toronto on Monday, Oct. 25, 2021. A battle for control of Rogers Communications Inc. will make its way to B.C. Supreme Court today. THE CANADIAN PRESS/Evan Buhler
Dr. Raimar Lobenberg, director of Applied Pharmaceutical Innovation and University of Alberta professor, works with researcher Chulhun Park on an automated filling machine in a cleanroom used for clinical trial production in an undated handout photo. THE CANADIAN PRESS/HO-University of Alberta, *MANDATORY CREDIT*

Scientists hope to link lab bench with pharmacy shelves through Edmonton drug plant

World-leading lab, drug manufacturer hope to plug hole in Canada’s drug supply system

Dr. Raimar Lobenberg, director of Applied Pharmaceutical Innovation and University of Alberta professor, works with researcher Chulhun Park on an automated filling machine in a cleanroom used for clinical trial production in an undated handout photo. THE CANADIAN PRESS/HO-University of Alberta, *MANDATORY CREDIT*
Seen on the screen of a device in Sausalito, Calif., Facebook CEO Mark Zuckerberg delivers the keynote address during a virtual event on Thursday, Oct. 28, 2021. Zuckerberg talked up his latest passion — creating a virtual reality “metaverse” for business, entertainment and meaningful social interactions. (AP Photo/Eric Risberg)

Facebook rebrands as Meta to emphasize ‘metaverse’ vision

Zuckerberg says he expects the metaverse to reach a billion people within the next decade

Seen on the screen of a device in Sausalito, Calif., Facebook CEO Mark Zuckerberg delivers the keynote address during a virtual event on Thursday, Oct. 28, 2021. Zuckerberg talked up his latest passion — creating a virtual reality “metaverse” for business, entertainment and meaningful social interactions. (AP Photo/Eric Risberg)
A real estate sign is pictured in Vancouver, B.C., on June 12, 2018. THE CANADIAN PRESS Jonathan Hayward
A real estate sign is pictured in Vancouver, B.C., on June 12, 2018. THE CANADIAN PRESS Jonathan Hayward
A Tim Hortons employee hands over a coffee from a drive-through window to a customer in Mississauga, Ont., on Tuesday, March 17, 2020. THE CANADIAN PRESS/Nathan Denette

Tale of two Tim Hortons: Suburban, rural locations busy, downtown restaurants empty

Tim Hortons’ sales are up, but continue to lag pre-pandemic highs amid…

A Tim Hortons employee hands over a coffee from a drive-through window to a customer in Mississauga, Ont., on Tuesday, March 17, 2020. THE CANADIAN PRESS/Nathan Denette
Credit cards are displayed in Montreal, Wednesday, Dec. 12, 2012. If you haven’t shopped for a credit card in a while, you may see some unfamiliar names in the offerings. THE CANADIAN PRESS/Ryan Remiorz

Fintechs looking to break into credit card market dominated by big banks

Startups have to be creative with rewards because they can’t offer the big sign-up bonuses of the big banks

Credit cards are displayed in Montreal, Wednesday, Dec. 12, 2012. If you haven’t shopped for a credit card in a while, you may see some unfamiliar names in the offerings. THE CANADIAN PRESS/Ryan Remiorz