Business

In this Dec. 18, 2020 photo, pipes to be used for the Keystone XL pipeline are stored in a field near Dorchester, Neb. THE CANADIAN PRESS/AP-Chris Machian

‘Keystone is dead’: former senior Obama adviser

It’s time for Canada to get over the demise of the Keystone XL pipeline expansion

In this Dec. 18, 2020 photo, pipes to be used for the Keystone XL pipeline are stored in a field near Dorchester, Neb. THE CANADIAN PRESS/AP-Chris Machian
A woman passes by a Tim Hortons restaurant in Toronto on March 6, 2020. Restaurant Brands International Inc. reported its fourth-quarter profit and revenue fell compared with a year ago. THE CANADIAN PRESS/Cole Burston

In bid to win market share, Tim Hortons modernizing drive-thrus, upgrading menu items

Company has invested heavily in upgrading core offerings at Tim Hortons as part of its ‘back to basics’ plan

A woman passes by a Tim Hortons restaurant in Toronto on March 6, 2020. Restaurant Brands International Inc. reported its fourth-quarter profit and revenue fell compared with a year ago. THE CANADIAN PRESS/Cole Burston
Lola Adeyemi, a Nigerian entrepreneur, poses with a few of her African soup products, which are now sold in Sobeys and other Canadian grocery retailers, in Toronto on Friday, February 5, 2021. THE CANADIAN PRESS/Nathan Denette

‘I don’t want to be a unicorn’: Black founders struggle to raise venture capital

Quantifying how much less funding Black business owners get is tough because it’s seldom tracked in Canada

Lola Adeyemi, a Nigerian entrepreneur, poses with a few of her African soup products, which are now sold in Sobeys and other Canadian grocery retailers, in Toronto on Friday, February 5, 2021. THE CANADIAN PRESS/Nathan Denette
A for lease sign hangs in the window as a cyclist walks past a commercial store, Monday August 31, 2020 in Ottawa. nbsp; THE CANADIAN PRESS/Adrian Wyld

As feds audit landlords over rent aid, businesses fall through cracks of new program

The CMHC said in a statement the reviews are being done as needed to make sure tenants benefited

A for lease sign hangs in the window as a cyclist walks past a commercial store, Monday August 31, 2020 in Ottawa. nbsp; THE CANADIAN PRESS/Adrian Wyld
Haman Mamdouhi, of Toronto, is shown in this handout photo. Mamdouhi says new investors should keep tax implications in mind before reaping profits. THE CANADIAN PRESS/HO

Made a bundle from GameStop? Time to think about how it will affect your taxes

The onus is on traders and investors to keep track of their investments

Haman Mamdouhi, of Toronto, is shown in this handout photo. Mamdouhi says new investors should keep tax implications in mind before reaping profits. THE CANADIAN PRESS/HO
Biomass storage domes at Drax Power Station in Yorkshire, England, a former coal-fired plant that is Europe’s largest decarbonization project. Drax has bid to take over Pinnacle Renewable Energy, the B.C.-based pellet maker that is now the world’s second largest. Photo © Chris Allen (cc-by-sa/2.0) Geograph.org.uk

British firm Drax bids to buy B.C.-based pellet maker Pinnacle

Wood waste company has expanded into Alberta, U.S.

Biomass storage domes at Drax Power Station in Yorkshire, England, a former coal-fired plant that is Europe’s largest decarbonization project. Drax has bid to take over Pinnacle Renewable Energy, the B.C.-based pellet maker that is now the world’s second largest. Photo © Chris Allen (cc-by-sa/2.0) Geograph.org.uk
FILE – This Monday, June 29, 2020 photo shows the Reddit logo on a mobile device in New York. (AP Photo/Tali Arbel)

Regulators eye Reddit stock rallies, but manipulation may be hard to prove: Experts

Canadian law prohibits artificially affecting the price of a publicly traded security in a co-ordinated way

FILE – This Monday, June 29, 2020 photo shows the Reddit logo on a mobile device in New York. (AP Photo/Tali Arbel)
Prince Edward Island’s provincial flag flies on a flag pole in Ottawa, Friday July 3, 2020. A lozenge plant in Prince Edward Island has laid off 30 workers, citing an “almost non-existent” cold and cough season amid COVID-19 restrictions. THE CANADIAN PRESS/Adrian Wyld

‘Almost non-existent’ cold and cough season: P.E.I. lozenge plant lays off 30 workers

The apparent drop in winter colds across the country seems to have weakened demand for medicine and natural remedies

Prince Edward Island’s provincial flag flies on a flag pole in Ottawa, Friday July 3, 2020. A lozenge plant in Prince Edward Island has laid off 30 workers, citing an “almost non-existent” cold and cough season amid COVID-19 restrictions. THE CANADIAN PRESS/Adrian Wyld
A man wears a face mask as he walks by a storefront window advertising after Christmas sales on Boxing Day in Montreal, Saturday, Dec. 26, 2020. Statistics Canada says retail sales climbed 1.3 per cent to $55.2 billion in November, rising for the seventh straight month. THE CANADIAN PRESS/Graham Hughes

Retail sales rise 1.3% to $55.2 billion in November as online shopping surges

Statistics Canada says shoppers began gift buying early online to avoid shipping delays pre-holidays

A man wears a face mask as he walks by a storefront window advertising after Christmas sales on Boxing Day in Montreal, Saturday, Dec. 26, 2020. Statistics Canada says retail sales climbed 1.3 per cent to $55.2 billion in November, rising for the seventh straight month. THE CANADIAN PRESS/Graham Hughes
Bank of Canada Governor Tiff Macklem takes part in a news conference at the Bank of Canada in Ottawa on December 15, 2020. Canada’s central bank will update its economic forecast for the country that will offer a window when it expects a recovery from the COVID-19 pandemic to take hold. THE CANADIAN PRESS/Sean Kilpatrick

Bank of Canada keeps key interest rate target on hold at 0.25%

The central bank is citing the economic conditions and ongoing uncertainty

Bank of Canada Governor Tiff Macklem takes part in a news conference at the Bank of Canada in Ottawa on December 15, 2020. Canada’s central bank will update its economic forecast for the country that will offer a window when it expects a recovery from the COVID-19 pandemic to take hold. THE CANADIAN PRESS/Sean Kilpatrick
Charles Rochfort, left, and Jonathan Grenier work on a home as Quebec lifts the ban on residential construction due to the COVID-19 pandemic Monday April 20, 2020 in Deux-Montagnes, Que. THE CANADIAN PRESS/Ryan Remiorz

Annual pace of housing starts down in December: Canada Mortgage and Housing Corp

Rural starts were estimated at a seasonally adjusted annual rate of 22,373 units

Charles Rochfort, left, and Jonathan Grenier work on a home as Quebec lifts the ban on residential construction due to the COVID-19 pandemic Monday April 20, 2020 in Deux-Montagnes, Que. THE CANADIAN PRESS/Ryan Remiorz
People wait in line to enter a Costco store in Toronto on Monday, April 13, 2020. Canadians who weren’t happy with some of their holiday gifts or who changed their mind after making purchases might face trouble when trying to get their money back. THE CANADIAN PRESS/Nathan Denette

Ask about COVID-19 return policies as you shop to avoid disappointment later: experts

Canada has no laws requiring retailers to accept returns, but provinces have some rules

People wait in line to enter a Costco store in Toronto on Monday, April 13, 2020. Canadians who weren’t happy with some of their holiday gifts or who changed their mind after making purchases might face trouble when trying to get their money back. THE CANADIAN PRESS/Nathan Denette
The Air Canada logo is seen on a hangar at Vancouver International Airport, in Richmond, B.C., on Friday, March 20, 2020. Air Canada has advised airports in Atlantic Canada that it will suspend more routes in the region until further notice. THE CANADIAN PRESS/Darryl Dyck

Air Canada cuts 1,700 more jobs, slashes capacity

Its first quarter 2021 capacity will be 20 per cent of what it had in 2019

The Air Canada logo is seen on a hangar at Vancouver International Airport, in Richmond, B.C., on Friday, March 20, 2020. Air Canada has advised airports in Atlantic Canada that it will suspend more routes in the region until further notice. THE CANADIAN PRESS/Darryl Dyck
(AP Photo/Richard Drew, File)

Starbucks says closure of up to 300 stores in Canada to be completed by end of March

Starbucks says the changes will help the coffee chain ‘best meet our customers where they are now’

(AP Photo/Richard Drew, File)
(Image: Facebook)

Maskwacis apparel entrepreneurs share brand stories

By Chevi Rabbit For Ponoka News Maskwacis has seen a number of…

  • Jan 12, 2021
(Image: Facebook)
The Bank of Canada building is seen in Ottawa, Wednesday, April 15, 2020. THE CANADIAN PRESS/Adrian Wyld

Pandemic job concerns could pose problem in long-term, Bank of Canada says

Lockdowns in the spring of 2020 led to a historic drop in employment with about three million jobs lost

The Bank of Canada building is seen in Ottawa, Wednesday, April 15, 2020. THE CANADIAN PRESS/Adrian Wyld
(Olivia Vanni / The Herald)

PART I: Businesses impacted by shutdowns

Local restaurant owner: ‘This is so bad for us’

(Olivia Vanni / The Herald)
Royal Bank president David McKay speaks at the banks annual meeting in Toronto on April 6, 2017. McKay says it’ll take a few million people in the country getting vaccinating to get the country on track for an economic rebound. THE CANADIAN PRESS/Frank Gunn

At least 4 million Canadians need vaccines for country to look at reopening economy: RBC

McKay says government relief will have to continue and become focused on areas of the economy

Royal Bank president David McKay speaks at the banks annual meeting in Toronto on April 6, 2017. McKay says it’ll take a few million people in the country getting vaccinating to get the country on track for an economic rebound. THE CANADIAN PRESS/Frank Gunn
Kiki Lally is seen in an undated handout photo at Pinnovate, a craft studio in Calgary. When the pandemic began, Lally couldn’t host birthday parties, camps or bridal showers anymore, so she started making DIY kits and offering them for delivery. The DIY kits had to be sold through a new website called DIY Delivery that she built. THE CANADIAN PRESS/HO-Jennifer Chabot, *MANDATORY CREDIT*
Kiki Lally is seen in an undated handout photo at Pinnovate, a craft studio in Calgary. When the pandemic began, Lally couldn’t host birthday parties, camps or bridal showers anymore, so she started making DIY kits and offering them for delivery. The DIY kits had to be sold through a new website called DIY Delivery that she built. THE CANADIAN PRESS/HO-Jennifer Chabot, *MANDATORY CREDIT*
A WestJet flight from Calgary arrives at Halifax Stanfield International Airport in Enfield, N.S. on Monday, July 6, 2020. THE CANADIAN PRESS/Andrew Vaughan

WestJet puts 1,000 workers on leave, citing government’s ‘Incoherent’ policy

International capacity will be down 93 per cent year over year and only five daily flights will be offered

A WestJet flight from Calgary arrives at Halifax Stanfield International Airport in Enfield, N.S. on Monday, July 6, 2020. THE CANADIAN PRESS/Andrew Vaughan