Business

Jeffrey Hanger, executive director of the Lacombe & District Chamber of Commerce. photo submitted

Plans continue to take shape for the Chamber’s Business and Community Awards Gala

Highlights include the Citizen of the Year and the Lifetime Achievement Award

 

Canadian banks will give some insight into where they see the economy going when they start to report this week, with analysts watching for trends in key indicators like loan growth, capital raising, and how much banks are putting aside in case loans go sour. The Bay Street Financial District is shown in Toronto on Friday, August 5, 2022. THE CANADIAN PRESS/Nathan Denette

Canadian banks to report earnings amid rising interest rate environment

Analysts predicting growth in some areas, drop in others

 

Shopify Inc. says it will layoff 10 per cent of its workforce because the company misjudged the growth of e-commerce. Shopify Inc. headquarters signage in Ottawa on Tuesday, May 3, 2022. THE CANADIAN PRESS/Sean Kilpatrick

‘I got this wrong:’ Shopify CEO announces plan to layoff 10 per cent of staff

Layoffs come as buyers revert to pre-pandemic shopping habits

 

A Sunwing aircraft is parked at Montreal Trudeau airport in Montreal on Wednesday, March 2, 2022. Unifor says the Canadian government should block the WestJet Group’s takeover of Sunwing Airlines Inc. unless it can guarantee job creation and investments in workers. THE CANADIAN PRESS/Paul Chiasson

Unifor pushes for job guarantees in federal review of Westjet’s takeover of Sunwing

Union concerned acquisition will create lower wages, job instability

A Sunwing aircraft is parked at Montreal Trudeau airport in Montreal on Wednesday, March 2, 2022. Unifor says the Canadian government should block the WestJet Group’s takeover of Sunwing Airlines Inc. unless it can guarantee job creation and investments in workers. THE CANADIAN PRESS/Paul Chiasson
The House of Commons industry committee will hold two hearings today about the Rogers outage that lasted more than 15 hours and left millions of Canadians in a communications blackout. People use Starbucks’ provided WIFI at a store in Toronto amid a nationwide Rogers outage, affecting many of the telecommunication company’s services, Friday, July 8, 2022. THE CANADIAN PRESS/Cole Burston

Rogers unable to switch customers to Bell, Telus during outage, despite competing carrier offers

As a result, Rogers was unable to route most 911 calls

The House of Commons industry committee will hold two hearings today about the Rogers outage that lasted more than 15 hours and left millions of Canadians in a communications blackout. People use Starbucks’ provided WIFI at a store in Toronto amid a nationwide Rogers outage, affecting many of the telecommunication company’s services, Friday, July 8, 2022. THE CANADIAN PRESS/Cole Burston
A man pumps gas in Montreal, Friday, March 4, 2022. Statistics Canada will release consumer price index data for June on Wednesday, a week after the Bank of Canada raised its key interest rate by a full percentage point as it continues its battle against high inflation.THE CANADIAN PRESS/Graham Hughes

Economists predict inflation climbed even higher in June amid ‘reopening effect’

Statistics Canada set to release latest inflation data on July 20

A man pumps gas in Montreal, Friday, March 4, 2022. Statistics Canada will release consumer price index data for June on Wednesday, a week after the Bank of Canada raised its key interest rate by a full percentage point as it continues its battle against high inflation.THE CANADIAN PRESS/Graham Hughes
A heavy hauler trucks transports material from Suncor’s North Steepbank Mine in the oilsands in Fort McMurray Alta, on Monday June 13, 2017. Oilsands companies are exploring the possibility of deploying small modular nuclear reactors to create the heat needed in oilsands mining. THE CANADIAN PRESS/Jason Franson

Canada’s oilsands look into use of nuclear power as ‘net zero changes everything’

Some experts say use of the alternative power could be just a decade away

A heavy hauler trucks transports material from Suncor’s North Steepbank Mine in the oilsands in Fort McMurray Alta, on Monday June 13, 2017. Oilsands companies are exploring the possibility of deploying small modular nuclear reactors to create the heat needed in oilsands mining. THE CANADIAN PRESS/Jason Franson
A shopper wipes down a handle as they select a cart at an Ikea furniture store in Ottawa, Tuesday, May 31, 2022. Canadian retailers are struggling with higher shipping costs as couriers tack hefty fuel surcharges onto shipping rates to recoup record gas prices. THE CANADIAN PRESS/Justin Tang

Canadian retailers grapple with soaring fuel surcharges to ship online orders

Extra charge topping 40 per cent for some carriers

A shopper wipes down a handle as they select a cart at an Ikea furniture store in Ottawa, Tuesday, May 31, 2022. Canadian retailers are struggling with higher shipping costs as couriers tack hefty fuel surcharges onto shipping rates to recoup record gas prices. THE CANADIAN PRESS/Justin Tang
Chris Nowrouzi, CEO and Co-Owner of FlyGTA, is photographed at Buttonville Airport in Markham, Ontario on Saturday June 25, 2022. THE CANADIAN PRESS/Chris Young

Private air travel takes off in Canada— but can it stay aloft?

Airport delays and chaos pushing more wealthy people to fly privately

Chris Nowrouzi, CEO and Co-Owner of FlyGTA, is photographed at Buttonville Airport in Markham, Ontario on Saturday June 25, 2022. THE CANADIAN PRESS/Chris Young
A worker organizes chairs and tables on the patio of a restaurant on College St., Toronto, Thursday, October 28, 2021. Restaurants across Canada are cutting back hours and tightening up menus as persistent labour shortages and spiking costs threaten to derail the industry’s comeback from crushing pandemic restrictions.THE CANADIAN PRESS/Eduardo Lima

‘We just don’t have enough workers:’ Restaurants rocked by labour shortage, inflation

Workers pushing back against long hours, unstable schedules and low pay

A worker organizes chairs and tables on the patio of a restaurant on College St., Toronto, Thursday, October 28, 2021. Restaurants across Canada are cutting back hours and tightening up menus as persistent labour shortages and spiking costs threaten to derail the industry’s comeback from crushing pandemic restrictions.THE CANADIAN PRESS/Eduardo Lima
The Hudson’s Bay Company heritage building in Winnipeg is photographed Thursday, April 21, 2022. One of the landmark stores formerly run by the Hudson’s Bay Co. is about to undergo a major transformation in the name of reconciliation with Indigenous people. THE CANADIAN PRESS/John Woods

Hudson’s Bay Co. calls donation of Winnipeg building an act of reconciliation

Company set to transfer what was one of its flagship stores to a First Nations group

The Hudson’s Bay Company heritage building in Winnipeg is photographed Thursday, April 21, 2022. One of the landmark stores formerly run by the Hudson’s Bay Co. is about to undergo a major transformation in the name of reconciliation with Indigenous people. THE CANADIAN PRESS/John Woods
Monorail tracks and concrete pilings lead into contemporary hotel under construction at Walt Disney World July 7, 1971 Orlando, Florida. The idea was presented to Florida lawmakers in a movie house outside Orlando, Florida 55 years ago: Let Disney form its own government and in exchange it would create a futuristic city of tomorrow. (AP Photo/SDS)

Florida Senate passes bill to end Disney self-government

Proposal could have huge tax implications for Disney which transformed Orlando into a destination

Monorail tracks and concrete pilings lead into contemporary hotel under construction at Walt Disney World July 7, 1971 Orlando, Florida. The idea was presented to Florida lawmakers in a movie house outside Orlando, Florida 55 years ago: Let Disney form its own government and in exchange it would create a futuristic city of tomorrow. (AP Photo/SDS)
Canada’s 100 highest-paid CEOs had their second-best year ever in 2020, even as the COVID-19 pandemic left this country in the worst economic downturn since the Great Depression. (File photo by The Canadian Press)

Top CEOs in Canada were paid at second-highest level ever during the pandemic

Country’s highest-paid CEOs earned an average of $10.9 million in 2020

Canada’s 100 highest-paid CEOs had their second-best year ever in 2020, even as the COVID-19 pandemic left this country in the worst economic downturn since the Great Depression. (File photo by The Canadian Press)
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
Edward Rogers attends the company’s annual general meeting in Toronto on Thursday, April 18, 2019. THE CANADIAN PRESS/Chris Young

Edward Rogers seeks to assert control at Rogers Communications as company stands firm

Rogers removed from board seat after failed attempt to oust CEO Joe Natale

Edward Rogers attends the company’s annual general meeting in Toronto on Thursday, April 18, 2019. THE CANADIAN PRESS/Chris Young
Red Deer Advocate publisher Mary Kemmis was appointed to the position of vice-president of the BC North division of Black Press. (File photo)

Red Deer Advocate publisher takes executive position in British Columbia

Appointed vice-president of Black Press Media’s BC North division

Red Deer Advocate publisher Mary Kemmis was appointed to the position of vice-president of the BC North division of Black Press. (File photo)
A diner at Bartaco uses their app to order an item off the menu, at the restaurant in Arlington, Va., on Thursday, Sept. 2, 2021. The restaurant is using an automated app for ordering and payments. Instead of servers they use “food runners” to get the food to the tables. (AP Photo/Jacquelyn Martin)

Do we need humans for that job? Automation booms after COVID

Ideally, automation can redeploy workers into better and more interesting work

A diner at Bartaco uses their app to order an item off the menu, at the restaurant in Arlington, Va., on Thursday, Sept. 2, 2021. The restaurant is using an automated app for ordering and payments. Instead of servers they use “food runners” to get the food to the tables. (AP Photo/Jacquelyn Martin)
Telus has joined several other big Canadian companies, including the major banks, in making it mandatory for workers to be fully vaccinated against COVID-19. (file photo)

Telus joins federal government, major banks in making COVID jabs mandatory for staffers

Telus workers not fully vaccinated for COVID-19 by Oct. 15 to be tested 2 times a week

Telus has joined several other big Canadian companies, including the major banks, in making it mandatory for workers to be fully vaccinated against COVID-19. (file photo)
Premier John Horgan shows his vaccination card after receiving a dose of the AstraZeneca COVID-19 vaccine at the pharmacy in James Bay Thrifty’s Foods in Victoria, B.C., on Friday, April 16, 2021. THE CANADIAN PRESS/Chad Hipolito

Canadian business community largely supportive of vaccine passport system

Passports could help to ensure that people attending sporting events and bars are fully vaccinated

Premier John Horgan shows his vaccination card after receiving a dose of the AstraZeneca COVID-19 vaccine at the pharmacy in James Bay Thrifty’s Foods in Victoria, B.C., on Friday, April 16, 2021. THE CANADIAN PRESS/Chad Hipolito
PartnerStack co-founders (left to right) Luke Swanek, Jon Mendes, Neil Chudleigh and Bryn Jones are shown in a handout photo. THE CANADIAN PRESS/HO

Canadian companies seeing venture capital funding boom, interest in fintechs high

About US$2.1 billion was raised across 197 deals in the first quarter of 2021

PartnerStack co-founders (left to right) Luke Swanek, Jon Mendes, Neil Chudleigh and Bryn Jones are shown in a handout photo. THE CANADIAN PRESS/HO