Business

A pedestrian walks past a Deloitte sign in downtown Ottawa on Tuesday, Sept. 20, 2011. A tight labour market and elevated savings during the pandemic will cushion the impact of a recession on Canadians, says a new report from Deloitte. THE CANADIAN PRESS/Sean Kilpatrick

Labour shortage, pandemic savings to soften blow of short-lived recession: report

Deloitte forecasts Canada will enter a short-lived recession by the end of the year

A pedestrian walks past a Deloitte sign in downtown Ottawa on Tuesday, Sept. 20, 2011. A tight labour market and elevated savings during the pandemic will cushion the impact of a recession on Canadians, says a new report from Deloitte. THE CANADIAN PRESS/Sean Kilpatrick
Merren McArthur, CEO of Lynx Air, announces the startup of the new airline at a news conference announcing Calgary, Alta., Tuesday, Nov. 16, 2021. THE CANADIAN PRESS/Jeff McIntosh

Canada’s low-cost airlines expand services, announces Flair and Lynx

Flair plans to be Canada’s third largest domestic airline by next summer

Merren McArthur, CEO of Lynx Air, announces the startup of the new airline at a news conference announcing Calgary, Alta., Tuesday, Nov. 16, 2021. THE CANADIAN PRESS/Jeff McIntosh
Heavy machinery clears up washed-up buildings and rubble in the harbour in Burnt Island, Newfoundland and Labrador on Tuesday, Sept. 27, 2022. Fiona left a trail of destruction across much of Atlantic Canada, stretching from Nova Scotia’s eastern mainland to Cape Breton, Prince Edward Island and southwestern Newfoundland. THE CANADIAN PRESS/Frank Gunn

Newfoundland fishers face livelihood questions after Fiona storm damage

Fiona’s path of destruction through Atlantic Canada heavily damaged the fishing industry

Heavy machinery clears up washed-up buildings and rubble in the harbour in Burnt Island, Newfoundland and Labrador on Tuesday, Sept. 27, 2022. Fiona left a trail of destruction across much of Atlantic Canada, stretching from Nova Scotia’s eastern mainland to Cape Breton, Prince Edward Island and southwestern Newfoundland. THE CANADIAN PRESS/Frank Gunn
A WestJet Airlines Boeing 737 Max aircraft arrives at Vancouver International Airport in Richmond, B.C., Thursday, Jan. 21, 2021. Airports in Atlantic Canada are resuming operations after hurricane Fiona stopped most flights in and out of the region over the weekend. THE CANADIAN PRESS/Darryl Dyck

Atlantic airports resume operations after hurricane Fiona triggers cancellations

Flights to and from Charlottetown and Deer Lake resumed today, Sydney to resume tomorrow

A WestJet Airlines Boeing 737 Max aircraft arrives at Vancouver International Airport in Richmond, B.C., Thursday, Jan. 21, 2021. Airports in Atlantic Canada are resuming operations after hurricane Fiona stopped most flights in and out of the region over the weekend. THE CANADIAN PRESS/Darryl Dyck
A WestJet Airlines Boeing 737 Max aircraft arrives at Vancouver International Airport in Richmond, B.C., Thursday, Jan. 21, 2021. The next airline hoping to pose a threat to the country’s Air Canada-WestJet duopoly is slated to take its inaugural flight today. THE CANADIAN PRESS/Darryl Dyck

Canada Jetlines, latest airline to enter the crowded field, lands first flight

The next airline hoping to pose a threat to the country’s Air…

A WestJet Airlines Boeing 737 Max aircraft arrives at Vancouver International Airport in Richmond, B.C., Thursday, Jan. 21, 2021. The next airline hoping to pose a threat to the country’s Air Canada-WestJet duopoly is slated to take its inaugural flight today. THE CANADIAN PRESS/Darryl Dyck
A dealer prepared to spin the ball during a game of roulette at the Hard Rock casino in Atlantic City N.J. on Aug. 8, 2022. On Sept. 16, 2022, New Jersey gambling regulators reported that the state’s casinos, horse tracks that offer sports betting and the online partners of both types of gambling outlets won $470.6 million from gamblers in August, up nearly 10% from a year earlier. (AP Photo/Wayne Parry)

Execs: US casinos learned some useful lessons from pandemic

‘Since we reopened, business has been terrific’

A dealer prepared to spin the ball during a game of roulette at the Hard Rock casino in Atlantic City N.J. on Aug. 8, 2022. On Sept. 16, 2022, New Jersey gambling regulators reported that the state’s casinos, horse tracks that offer sports betting and the online partners of both types of gambling outlets won $470.6 million from gamblers in August, up nearly 10% from a year earlier. (AP Photo/Wayne Parry)
People fuel up vehicles in Vancouver, on Saturday, May 14, 2022. Statistics Canada says retail sales fell 2.5 per cent to $61.3 billion in July, the first drop in seven months, driven by lower sales at gasoline stations and clothing and clothing accessories stores. THE CANADIAN PRESS/Darryl Dyck

Statistics Canada says retail sales fell 2.5% to $61.3 billion in July

Initial estimate for August pointed to a gain of 0.4 per cent for the month

People fuel up vehicles in Vancouver, on Saturday, May 14, 2022. Statistics Canada says retail sales fell 2.5 per cent to $61.3 billion in July, the first drop in seven months, driven by lower sales at gasoline stations and clothing and clothing accessories stores. THE CANADIAN PRESS/Darryl Dyck
Salt Legacy business partners Tisha Becker (left) and Meaghan McDonald with some of their backpacks made from sailcloth. (Courtesy of Salt Legacy)

Victoria’s Salt Legacy sews history, upcycling together with sailcloth product line

Backpacks look to tell the stories of the old sails while diverting waste

Salt Legacy business partners Tisha Becker (left) and Meaghan McDonald with some of their backpacks made from sailcloth. (Courtesy of Salt Legacy)
Falling Canadian dollar coins are pictured in North Vancouver, B.C. Wednesday, May 29, 2019. The Canadian dollar is sliding again a day after the U.S. Federal Reserve raised its key interest rate.THE CANADIAN PRESS/Jonathan Hayward

Canadian dollar slides as investors retreat to U.S. dollars

loonie slipped under 75 cents US earlier this week

Falling Canadian dollar coins are pictured in North Vancouver, B.C. Wednesday, May 29, 2019. The Canadian dollar is sliding again a day after the U.S. Federal Reserve raised its key interest rate.THE CANADIAN PRESS/Jonathan Hayward
Quatsino First Nation’s community hall was full on Tuesday evening as BHP made a public apology to the nation regarding the Island Copper Mine’s operations. (Tyson Whitney - North Island Gazette)

Global firm apologizes to B.C. First Nation for damage caused by copper mine

Decommissioned open pit mine was located in Quatsino First Nation traditional territory

Quatsino First Nation’s community hall was full on Tuesday evening as BHP made a public apology to the nation regarding the Island Copper Mine’s operations. (Tyson Whitney - North Island Gazette)
A view of The Bank of England in London, Thursday, Sept. 22, 2022. Britain’s central bank is under pressure to make another big interest rate hike Thursday. Inflation in the United Kingdom is outpacing other major economies, but the U.S. Federal Reserve and other banks are moving faster to get prices under control. (AP Photo/Kirsty Wigglesworth)

Central banks worldwide tighten policies to cool inflation

Banks from the UK to Papan are following US lead on interest hikes

A view of The Bank of England in London, Thursday, Sept. 22, 2022. Britain’s central bank is under pressure to make another big interest rate hike Thursday. Inflation in the United Kingdom is outpacing other major economies, but the U.S. Federal Reserve and other banks are moving faster to get prices under control. (AP Photo/Kirsty Wigglesworth)
The Canada Jetlines Ltd. logo is seen in this undated handout photo. THE CANADIAN PRESS/HO, Canada Jetlines

Canada Jetlines, the latest airline to enter the crowded field, set to take off

Canada Jetlines bills itself as an ‘all-Canadian, value-focused leisure carrier’

The Canada Jetlines Ltd. logo is seen in this undated handout photo. THE CANADIAN PRESS/HO, Canada Jetlines
Copies of Postmedia-owned newspapers the Vancouver Sun and The Province are displayed at a store in Burnaby, B.C., on Tuesday January 19, 2016. THE CANADIAN PRESS/Darryl Dyck

Postmedia to end Monday print edition of nine urban daily newspapers

Vancouver Sun, The Province among those publications impacted

Copies of Postmedia-owned newspapers the Vancouver Sun and The Province are displayed at a store in Burnaby, B.C., on Tuesday January 19, 2016. THE CANADIAN PRESS/Darryl Dyck
The corporate logo of Teck Resources Limited is shown. THE CANADIAN PRESS/HO

Teck Resources cutting steelmaking coal sales guidance after equipment failure

Elkview operations could be interrupted for one to two months while the repairs are made

The corporate logo of Teck Resources Limited is shown. THE CANADIAN PRESS/HO
FILE - In this Thursday, Sept. 20, 2018 photo, a cleaning lady works in an apartment located on Airbnb in Paris. Airbnb hosts are facing an onslaught of frustrations born of renting out their properties to short-term guests. Certain guests have proven disrespectful of hosts’ homes, with some squatting illegally — and getting away with it — and others trashing properties with Silly String, feces and more. (AP Photo/Thibault Camus, file)

Airbnb hosts are sick of Airbnb, too

As criticisms grow, the question is being asked: is Airbnb itself the problem — or are the guests?

FILE - In this Thursday, Sept. 20, 2018 photo, a cleaning lady works in an apartment located on Airbnb in Paris. Airbnb hosts are facing an onslaught of frustrations born of renting out their properties to short-term guests. Certain guests have proven disrespectful of hosts’ homes, with some squatting illegally — and getting away with it — and others trashing properties with Silly String, feces and more. (AP Photo/Thibault Camus, file)
A woman shops for produce at the Granville Island Market in Vancouver, on Wednesday, July 20, 2022. Food inflation remains stubbornly high in Canada as grocery prices climbed at the fastest clip in more than four decades last month. THE CANADIAN PRESS/Darryl Dyck

Grocery prices in Canada continue meteoric ascent, rising at fastest pace since 1981

As overall inflation moderated in August, cost of food rose 10.8 per cent compared to a year ago

A woman shops for produce at the Granville Island Market in Vancouver, on Wednesday, July 20, 2022. Food inflation remains stubbornly high in Canada as grocery prices climbed at the fastest clip in more than four decades last month. THE CANADIAN PRESS/Darryl Dyck
Wendy McCulloch (third from the left), Executive Director of Community Futures British Columbia, and Naina Sloan (third from the right), Vice President of programs and partners with the Pacific Economic Development Canada, with representatives of the communities receiving a portion of the funding. (Zachary Delaney)

Feds kick in $5.5 million to help B.C. mitigate economic effects of disasters

Funds given to Community Futures British Columbia to distribute to small business and non-profits

Wendy McCulloch (third from the left), Executive Director of Community Futures British Columbia, and Naina Sloan (third from the right), Vice President of programs and partners with the Pacific Economic Development Canada, with representatives of the communities receiving a portion of the funding. (Zachary Delaney)
A plane is silhouetted as it takes off from Vancouver International Airport in Richmond, B.C., Monday, May 13, 2019. Trends show that Canadian travelers are ready to visit top sun destinations and predict a busy upcoming travel season. THE CANADIAN PRESS/Jonathan Hayward

Travel industry braces for busy winter season as Canadian travellers ready for sun

Experts predict air fare price spike for fall and winter flights as demand returns

A plane is silhouetted as it takes off from Vancouver International Airport in Richmond, B.C., Monday, May 13, 2019. Trends show that Canadian travelers are ready to visit top sun destinations and predict a busy upcoming travel season. THE CANADIAN PRESS/Jonathan Hayward
Softwood lumber is pictured in Richmond, B.C., Tuesday, April 25, 2017. Canfor Corp. is temporarily cutting production in British Columbia due to what it says are challenging market conditions. THE CANADIAN PRESS/Jonathan Hayward

Canfor temporarily reducing production capacity in B.C. due to market conditions

Lumber producer says it is taking a two-week curtailment at a majority of its mills

Softwood lumber is pictured in Richmond, B.C., Tuesday, April 25, 2017. Canfor Corp. is temporarily cutting production in British Columbia due to what it says are challenging market conditions. THE CANADIAN PRESS/Jonathan Hayward
Pipes leading to a processing unit at Suncor Fort Hills facility in Fort McMurray, Alta., Monday, Sept. 10, 2018. Proponents of imposing a windfall tax on the Canadian oil and gas industry now have another global power setting precedent for the policy. THE CANADIAN PRESS/Jason Franson

Advocates of windfall tax on oil and gas sector can now point to EU for inspiration

EU’s tax would redirect about 140 million euros in revenue a year

Pipes leading to a processing unit at Suncor Fort Hills facility in Fort McMurray, Alta., Monday, Sept. 10, 2018. Proponents of imposing a windfall tax on the Canadian oil and gas industry now have another global power setting precedent for the policy. THE CANADIAN PRESS/Jason Franson