Business

Bank towers are shown from Bay Street in Toronto’s financial district on Wednesday, June 16, 2010. Canada is banking on newcomers to help keep the economy humming along, while banks themselves are eying the hundreds of thousands of people coming to the country every year as a key source of client growth. THE CANADIAN PRESS/Adrien Veczan

Canadian banks look to newcomers as key source of client growth

Some banks forming partnerships with international ones to make transitioning to Canada easier

Bank towers are shown from Bay Street in Toronto’s financial district on Wednesday, June 16, 2010. Canada is banking on newcomers to help keep the economy humming along, while banks themselves are eying the hundreds of thousands of people coming to the country every year as a key source of client growth. THE CANADIAN PRESS/Adrien Veczan
Doormen work at the Royal York Hotel in Toronto on Thursday, June 3, 2010. Real estate firm CBRE says Canadian hotels will return to pre-pandemic revenues next year, two years ahead of its previous forecast. THE CANADIAN PRESS/Adrien Veczan

Hotels to rebound to pre-pandemic revenues in 2023, two years ahead of forecast: CBRE

Canadian hotels should end 2022 at 92 per cent of the revenue per available room achieved in 2019

Doormen work at the Royal York Hotel in Toronto on Thursday, June 3, 2010. Real estate firm CBRE says Canadian hotels will return to pre-pandemic revenues next year, two years ahead of its previous forecast. THE CANADIAN PRESS/Adrien Veczan
Trevali Mining Corp. logo is seen in this undated photo. Trevali Mining Corp. says its president and chief executive, as well as its chief operating officer, have both resigned.THE CANADIAN PRESS/HO, Trevali Mining Corp. *MANDATORY CREDIT*

Trevali CEO resigns as embattled B.C. miner in creditor protection

Firm has been dealing with flooding disaster at its Perkoa Mine that killed eight workers

Trevali Mining Corp. logo is seen in this undated photo. Trevali Mining Corp. says its president and chief executive, as well as its chief operating officer, have both resigned.THE CANADIAN PRESS/HO, Trevali Mining Corp. *MANDATORY CREDIT*
Patrons dine on a patio on King Street in Toronto, Tuesday, September 28, 2021. A new report says restaurants in Canada are ushering in higher prices, shorter menus, smaller portion sizes and reduced hours in a bid to survive inflation and labour shortages.THE CANADIAN PRESS/Evan Buhler

Restaurants usher in higher prices, smaller portion sizes as costs rise, report says

Industry report says half the country’s eateries operating at a loss or just breaking even

Patrons dine on a patio on King Street in Toronto, Tuesday, September 28, 2021. A new report says restaurants in Canada are ushering in higher prices, shorter menus, smaller portion sizes and reduced hours in a bid to survive inflation and labour shortages.THE CANADIAN PRESS/Evan Buhler
Mount Arrowsmith Brewing is one of the participants in the Central Vancouver Island Tasting Passport of the BC Ale Trail. (PQB News file photo)

Vancouver Island breweries tap into popular BC Ale Trail festivities

Central Vancouver Island Tasting Passport set to start Oct. 1

Mount Arrowsmith Brewing is one of the participants in the Central Vancouver Island Tasting Passport of the BC Ale Trail. (PQB News file photo)
(Black Press Media Creative)

Air Canada signs deal to buy 30 electric-hybrid aircraft from Heart Aerospace

Capable of carrying 30 passengers, the planes are expected to enter service in 2028

(Black Press Media Creative)
A person walks by a row of houses in Toronto on Tuesday July 12, 2022. The federal government’s newly announced inflation relief for low-income Canadians through the goods and services tax rebate stacks up as better policy than some of the cash payments issued by provinces, economists say.THE CANADIAN PRESS/Cole Burston

Temporary boost to GST rebate appropriate amid high inflation: economists

Analyst says a permanent change in how indexation is calculated is necessary

A person walks by a row of houses in Toronto on Tuesday July 12, 2022. The federal government’s newly announced inflation relief for low-income Canadians through the goods and services tax rebate stacks up as better policy than some of the cash payments issued by provinces, economists say.THE CANADIAN PRESS/Cole Burston
After 44 years in the media industry, White Rock resident Rick O’Connor has retired from his role as CEO of Black Press Media – but says he still plans to be involved in the community, and the continuing development of the news industry. Alex Browne photo

Black Press Media CEO Rick O’Connor retires after 44-year career in news business

Former president and CEO of newspaper group reflects on a long and varied career in media

After 44 years in the media industry, White Rock resident Rick O’Connor has retired from his role as CEO of Black Press Media – but says he still plans to be involved in the community, and the continuing development of the news industry. Alex Browne photo
Prime Minister Justin Trudeau tours a rental housing development in Vancouver, Monday, Feb. 11, 2019. The federal government is hoping to help more Canadians become homeowners through a new rent-to-own initiative, but experts are warning it may not be the best pathway for everyone. THE CANADIAN PRESS/Jonathan Hayward

Rent-to-own can help create homeowners, but experts say may not be best for everyone

Liberals plan a $200-million investment in a five-year rent-to-own program

Prime Minister Justin Trudeau tours a rental housing development in Vancouver, Monday, Feb. 11, 2019. The federal government is hoping to help more Canadians become homeowners through a new rent-to-own initiative, but experts are warning it may not be the best pathway for everyone. THE CANADIAN PRESS/Jonathan Hayward
Employees wearing protective equipment work at a semiconductor production facility during a government organized tour for journalists in Beijing, on May 14, 2020. Canada’s technology industry says flaring tensions between China and Taiwan are reminding companies how important it is to seek a broader range of sources for semiconductors, and to invest in the sector. THE CANADIAN PRESS/AP, Mark Schiefelbein

Taiwan-China tensions a reminder to tech: diversify chip manufacturers

Chips power electronics ranging from iPhones to Lockheed-Martin fighter jets

Employees wearing protective equipment work at a semiconductor production facility during a government organized tour for journalists in Beijing, on May 14, 2020. Canada’s technology industry says flaring tensions between China and Taiwan are reminding companies how important it is to seek a broader range of sources for semiconductors, and to invest in the sector. THE CANADIAN PRESS/AP, Mark Schiefelbein
Travelers are photographed at Toronto Pearson International Airport, on Thursday, December 16, 2021. New Air Passenger Protection Regulations go into effect this week. THE CANADIAN PRESS/Tijana Martin

New air passenger protection rules come into effect Thursday

Canada closes loophole that left some unable to secure refunds after pandemic-related cancellations

Travelers are photographed at Toronto Pearson International Airport, on Thursday, December 16, 2021. New Air Passenger Protection Regulations go into effect this week. THE CANADIAN PRESS/Tijana Martin
People use electronics outside a coffee shop in Toronto amid a nationwide Rogers outage, affecting many of the telecommunication company’s services, Friday, July 8, 2022. THE CANADIAN PRESS/Cole Burston

Major telecoms agree to emergency outage deal: Minister Champagne

Deal follows massive Rogers disruption on July 8 that affected millions of Canadians

People use electronics outside a coffee shop in Toronto amid a nationwide Rogers outage, affecting many of the telecommunication company’s services, Friday, July 8, 2022. THE CANADIAN PRESS/Cole Burston
The paper facility at the Crofton mill will be under another curtailment for about two weeks. (Photo by Don Bodger)

Paper Excellence announces paper mill curtailment at Crofton

Nearly 100 employees affected with temporary layoff notices

The paper facility at the Crofton mill will be under another curtailment for about two weeks. (Photo by Don Bodger)
The Bank of Canada is pictured in Ottawa on Tuesday Sept. 6, 2022. The Bank of Canada is expected to announce it will be raising its key interest rate today, making it the fifth consecutive increase this year. THE CANADIAN PRESS/Sean Kilpatrick

Bank of Canada raises key interest rate by 0.75%, says rates likely need to go higher

Expected lift brings the bank’s key rate target to 3.25 per cent

The Bank of Canada is pictured in Ottawa on Tuesday Sept. 6, 2022. The Bank of Canada is expected to announce it will be raising its key interest rate today, making it the fifth consecutive increase this year. THE CANADIAN PRESS/Sean Kilpatrick
Swoop Airlines. (Contributed)

Swoop there it goes: Low-cost airline cancels Comox-Edmonton route

Barely three months after its launch, Swoop Airlines - WestJet’s ultra-low-cost carrier…

Swoop Airlines. (Contributed)
The stairs in Summit Park in Victoria offer a great fitness opportunity as walking deemed a popular activity among British Columbians. (Christine van Reeuwyk/News Staff)

Survey says British Columbians are tired of trying to walk off COVID pounds

79% of survey respondents walk at least once a week, but 41% are bored with their regimen

The stairs in Summit Park in Victoria offer a great fitness opportunity as walking deemed a popular activity among British Columbians. (Christine van Reeuwyk/News Staff)
Summer beers brewed in Victoria benefit a variety of causes in B.C. and Alberta. (Vancouver Island Brewery/Facebook)

Victoria beer makers brew up charitable flavours

Beaches, salmon stocks and more benefit from breweries giving back

Summer beers brewed in Victoria benefit a variety of causes in B.C. and Alberta. (Vancouver Island Brewery/Facebook)
The Bank of Canada is shown in Ottawa on Tuesday, July 12, 2022. The Bank of Canada is expected to announce another substantial interest rate increase next week. THE CANADIAN PRESS/Sean Kilpatrick

BoC expected to raise interest rate for fifth time at pivotal moment for economy

Some economists think Wednesday’s hike could be the last for a while

The Bank of Canada is shown in Ottawa on Tuesday, July 12, 2022. The Bank of Canada is expected to announce another substantial interest rate increase next week. THE CANADIAN PRESS/Sean Kilpatrick
A “closed’ sign hangs in a store window. Rising operating costs, lack of demand and hikes in interest rates are significantly affecting small businesses. THE CANADIAN PRESS/Adrian Wyld

Canadian business bankruptcies on the rise with no signs of slowing

54 per cent of business owners are yet to return to normal, pre-pandemic revenue levels

A “closed’ sign hangs in a store window. Rising operating costs, lack of demand and hikes in interest rates are significantly affecting small businesses. THE CANADIAN PRESS/Adrian Wyld
Moila and Brian Jenkins of Longhouse Specialty Forest Products in Parksville won a defamation lawsuit against a disgruntled customer who posted negative Submitted photo) Moila and Brian Jenkins of Longhouse Specialty Forest Products in Parksville won a defamation lawsuit against a disgruntled customer who posted negative reviews online. (Submitted photo)

Parksville business awarded $90,000 in damages after malicious online review

Judge found online reviews from customer ‘false’ and ‘malicious’

Moila and Brian Jenkins of Longhouse Specialty Forest Products in Parksville won a defamation lawsuit against a disgruntled customer who posted negative Submitted photo) Moila and Brian Jenkins of Longhouse Specialty Forest Products in Parksville won a defamation lawsuit against a disgruntled customer who posted negative reviews online. (Submitted photo)