Business

Netflix CEO Reed Hastings, left, poses with Ted Sarandos, chief content officer of Netflix, during a news conference in Seoul, South Korea. THE CANADIAN PRESS/Ahn Young-joon

Netflix chooses Toronto for new Canadian corporate headquarters

The company had been eyeing Toronto and Vancouver since the streamer shoots several productions in both markets

Netflix CEO Reed Hastings, left, poses with Ted Sarandos, chief content officer of Netflix, during a news conference in Seoul, South Korea. THE CANADIAN PRESS/Ahn Young-joon
New Toyota RAV4 crossover SUVs for sale are seen at an auto mall in Ottawa, on Monday, April 26, 2021. THE CANADIAN PRESS/Justin Tang

Statistics Canada says retail sales up 4.8% in February

One strategist at BMO Capital Markets says retail sales continue to perform well when stores are allowed to open

New Toyota RAV4 crossover SUVs for sale are seen at an auto mall in Ottawa, on Monday, April 26, 2021. THE CANADIAN PRESS/Justin Tang
A customer leaves London Drugs in Cloverdale on October 6, 2020. (Malin Jordan)

London Drugs clearing shelf space for Western Canada restaurants to sell their goods

Restaurants are invited to immediately submit products online for retail consideration

A customer leaves London Drugs in Cloverdale on October 6, 2020. (Malin Jordan)
Retail giants like Amazon have done well during the pandemic. (AP Photo/Jay Reeves, File)
Retail giants like Amazon have done well during the pandemic. (AP Photo/Jay Reeves, File)
Smoke pours from the stacks at the Portlands Energy Centre in Toronto on Thursday January 15, 2009. THE CANADIAN PRESS/Frank Gunn

Risk experts say climate change to take big chunk of Canadian economy by 2050

Jerome Haegeli says the world’s current path puts Canada on track to lose 7% of its gross domestic product

Smoke pours from the stacks at the Portlands Energy Centre in Toronto on Thursday January 15, 2009. THE CANADIAN PRESS/Frank Gunn
Governor of the Bank of Canada Tiff Macklem holds a press conference at the Bank Of Canada in Ottawa on Wednesday, Oct. 28, 2020. THE CANADIAN PRESS/Sean Kilpatrick

Bank of Canada keeps rate on hold, sees brighter economic outlook

The key rate remains at 0.25 per cent where it has held steady for more than a year

Governor of the Bank of Canada Tiff Macklem holds a press conference at the Bank Of Canada in Ottawa on Wednesday, Oct. 28, 2020. THE CANADIAN PRESS/Sean Kilpatrick
The Rogers logo is photographed in Toronto on Monday, September 30, 2019. THE CANADIAN PRESS/Tijana Martin

Rogers investigating after wireless customers complain of widespread outage

According to Down Detector, problems are being reported in most major Canadian cities

The Rogers logo is photographed in Toronto on Monday, September 30, 2019. THE CANADIAN PRESS/Tijana Martin
A new home is built in a housing development in Ottawa on Tuesday, July 14, 2020. THE CANADIAN PRESS/Sean Kilpatrick

Annual pace of housing starts posts 21.6 per cent increase in March

CMHC says the six-month moving average of the monthly seasonally adjusted annual rates was 273,664 in March

A new home is built in a housing development in Ottawa on Tuesday, July 14, 2020. THE CANADIAN PRESS/Sean Kilpatrick
Pumpjacks draw oil out of the ground in a canola field near Olds, Alta., Thursday, July 16, 2020. One year after oil prices crashed to their first and only negative close during a perfect storm of energy demand bad news, Canada’s oilpatch is poised to report a first-quarter gusher of cash flow thanks to a dramatic recovery in global demand. THE CANADIAN PRESS/Jeff McIntosh

One year after crude turned negative, oilpatch relishes first-quarter profit outlook

Expectations are high for the Canadian oilpatch’s first-quarter results season

Pumpjacks draw oil out of the ground in a canola field near Olds, Alta., Thursday, July 16, 2020. One year after oil prices crashed to their first and only negative close during a perfect storm of energy demand bad news, Canada’s oilpatch is poised to report a first-quarter gusher of cash flow thanks to a dramatic recovery in global demand. THE CANADIAN PRESS/Jeff McIntosh
Lights on an internet switch are lit up as with users in an office in Ottawa, on February 10, 2011. THE CANADIAN PRESS/Adrian Wyld

Analysts say new CRTC limits on Big 3 help regional carriers with growth plans

One of Canada’s most outspoken consumer advocacy groups, OpenMedia, criticized the CRTC on Thursday

Lights on an internet switch are lit up as with users in an office in Ottawa, on February 10, 2011. THE CANADIAN PRESS/Adrian Wyld
Grounded WestJet Boeing 737 Max aircrafts are shown at the airline’s facilities in Calgary, Alta., Tuesday, May 7, 2019. WestJet says it will extend its temporary suspension of international sun flights to destinations in Mexico and the Caribbean until June 4. THE CANADIAN PRESS/Jeff McIntosh

WestJet extends temporary suspension of international sun flights until June

CEO expects government policy to change as more Canadians become vaccinated

Grounded WestJet Boeing 737 Max aircrafts are shown at the airline’s facilities in Calgary, Alta., Tuesday, May 7, 2019. WestJet says it will extend its temporary suspension of international sun flights to destinations in Mexico and the Caribbean until June 4. THE CANADIAN PRESS/Jeff McIntosh
A sign on a shop window indicates the store is closed in Ottawa, Monday March 23, 2020. The Canadian Federation of Independent Business is raising its estimate for the number of businesses that are considering the possibility of closing permanently. THE CANADIAN PRESS/Adrian Wyld

Small business struggling amid COVID-19 pandemic looks for aid in Liberals’ budget

President Dan Kelly said it is crucial to maintain programs to help businesses to the other side of the pandemic

A sign on a shop window indicates the store is closed in Ottawa, Monday March 23, 2020. The Canadian Federation of Independent Business is raising its estimate for the number of businesses that are considering the possibility of closing permanently. THE CANADIAN PRESS/Adrian Wyld
The Bank of Canada in Ottawa on Tuesday, Dec. 15, 2020. THE CANADIAN PRESS/Sean Kilpatrick

Households expect return to pre-pandemic spending within a year, Bank of Canada says

The central bank says the gap between spending and wage expectations has never been this wide

The Bank of Canada in Ottawa on Tuesday, Dec. 15, 2020. THE CANADIAN PRESS/Sean Kilpatrick
The new Corus logo at Corus Quay in Toronto is photographed on Friday, June 22, 2018. THE CANADIAN PRESS/ Tijana Martin

Corus, Hulu announce ‘breakthrough’ multi-year streaming deal

Its Corus Studios division has signed a deal to sell more than 200 episodes of programming to Hulu

The new Corus logo at Corus Quay in Toronto is photographed on Friday, June 22, 2018. THE CANADIAN PRESS/ Tijana Martin
A worker smooths concrete at a construction site in Toronto on January 16, 2020. THE CANADIAN PRESS/Cole Burston

Economy adds 303,000 jobs in March, unemployment rate falls: Statistics Canada

Figure released this morning outpaced the 259,000 gain seen in February

A worker smooths concrete at a construction site in Toronto on January 16, 2020. THE CANADIAN PRESS/Cole Burston
Josee Cabral is seen in her office in Chateauguay, Que. on Thursday, March 25, 2021. THE CANADIAN PRESS/Paul Chiasson

Watch the details to help avoid financial headaches when filing your tax return

Small, easily avoidable mistakes could end up costing you if you’re not careful

Josee Cabral is seen in her office in Chateauguay, Que. on Thursday, March 25, 2021. THE CANADIAN PRESS/Paul Chiasson
Royal Bank president Dave McKay speaks at the Royal Bank of Canada annual meeting in Toronto on Thursday, April 6, 2017. THE CANADIAN PRESS/Frank Gunn

Canada needs to be more inclusive, fair and sustainable: RBC CEO

Dave McKay says that means addressing climate change and inequities that hold people back

Royal Bank president Dave McKay speaks at the Royal Bank of Canada annual meeting in Toronto on Thursday, April 6, 2017. THE CANADIAN PRESS/Frank Gunn
A woman holds two cellphones with the corporate logos of Rogers Communications and Shaw Communications in a photo illustration in Chelsea, Que., Monday March 29, 2021. A review of the proposed $26-billion purchase of Shaw Communications by Rogers Communications continues into its third day today in Ottawa before a committee of federal MPs. THE CANADIAN PRESS/Adrian Wyld

Academics, smaller telecoms say Rogers shouldn’t be allowed to buy Freedom Mobile

Ben Klass said the government needs to stick with aiming for a fourth wireless carrier in every region

A woman holds two cellphones with the corporate logos of Rogers Communications and Shaw Communications in a photo illustration in Chelsea, Que., Monday March 29, 2021. A review of the proposed $26-billion purchase of Shaw Communications by Rogers Communications continues into its third day today in Ottawa before a committee of federal MPs. THE CANADIAN PRESS/Adrian Wyld
A dealer slides chips across the blackjack table on Friday, March 16, 2012, in Bangor, Maine. THE CANADIAN PRESS/AP-Robert F. Bukaty
A dealer slides chips across the blackjack table on Friday, March 16, 2012, in Bangor, Maine. THE CANADIAN PRESS/AP-Robert F. Bukaty
Statistics Canada building and signs are pictured in Ottawa on Wednesday, July 3, 2019. THE CANADIAN PRESS/Sean Kilpatrick

Better-than-expected Jan. growth a good sign for pandemic’s third wave: economists

The shadow hanging over the economy now is COVID-19 and its variants that are pushing up caseloads

Statistics Canada building and signs are pictured in Ottawa on Wednesday, July 3, 2019. THE CANADIAN PRESS/Sean Kilpatrick