Business

The Canada Mortgage and Housing Corp. says construction of new homes in Canada’s six largest cities remained stable at near all-time high levels last year, driven by a surge of new apartment starts despite demand still outpacing supply for rental housing. New homes are built in Ottawa on Monday, Aug. 14, 2023. THE CANADIAN PRESS/Sean Kilpatrick

New home builds near all-time high, still behind Canada’s big city demand

Apartment construction driving trend in country’s six largest communities

The Canada Mortgage and Housing Corp. says construction of new homes in Canada’s six largest cities remained stable at near all-time high levels last year, driven by a surge of new apartment starts despite demand still outpacing supply for rental housing. New homes are built in Ottawa on Monday, Aug. 14, 2023. THE CANADIAN PRESS/Sean Kilpatrick
Parkland Corp. is looking to sell 157 convenience store and fuel station locations across in six provinces. A Pioneer gas station is shown in Carleton Place, Ont., on Saturday, Nov. 8, 2008. THE CANADIAN PRESS/Sean Kilpatrick

B.C. gas bars on the market as Parkland plans to sell off 157 Canadian outlets

Chevron and FasGas among the brands up for sale as gas firm looks to optimize

Parkland Corp. is looking to sell 157 convenience store and fuel station locations across in six provinces. A Pioneer gas station is shown in Carleton Place, Ont., on Saturday, Nov. 8, 2008. THE CANADIAN PRESS/Sean Kilpatrick
FILE - A youngster collects Easter eggs during an egg hunt at Easterfest at the Bowling Green Ballpark in Bowling Green, Ky., April 8, 2023. In 2024, for the second year in a row consumers have faced sticker shock ahead of Easter and Passover, events in which eggs play prominent roles. (Grace Ramey/Daily News via AP, File)

Eggs going to cost you this Easter thanks to bird flu, weather, inflation

Worldwide egg prices retreating some, but you still should prepare for sticker shock

FILE - A youngster collects Easter eggs during an egg hunt at Easterfest at the Bowling Green Ballpark in Bowling Green, Ky., April 8, 2023. In 2024, for the second year in a row consumers have faced sticker shock ahead of Easter and Passover, events in which eggs play prominent roles. (Grace Ramey/Daily News via AP, File)
Nathalie Long created Adventure Immersion Lab Ltd. after realizing the Okanagan is the perfect place to host adventure races. (Noah Redka/noahredka.com)

Kelowna woman breaks down barriers to adventure racing in B.C.

Nathalie Long created Adventure Immersion Lab Ltd. after realizing the Okanagan is the perfect place to host adventure races.

Nathalie Long created Adventure Immersion Lab Ltd. after realizing the Okanagan is the perfect place to host adventure races. (Noah Redka/noahredka.com)
Deborah Mayer works on a livestream on TikTok on Wednesday, March 21, 2024, in Freehold, N.J. Mayer has sold new and pre-owned handbags and other designer goods out of her New Jersey home for 16 years. Early last year, TikTok recruited her business for the live component of TikTok Shop. (AP Photo/Noah K. Murray)

Corporations in good shape if TikTok goes dark, not so much the little guy

Smaller brands have come to rely on social media platform as U.S. threatens national ban

Deborah Mayer works on a livestream on TikTok on Wednesday, March 21, 2024, in Freehold, N.J. Mayer has sold new and pre-owned handbags and other designer goods out of her New Jersey home for 16 years. Early last year, TikTok recruited her business for the live component of TikTok Shop. (AP Photo/Noah K. Murray)
Taseko Mines Ltd. has signed a deal to buy the 12.5 per cent interest in the Gibraltar mine it does not already own from Dowa Metals & Mining Co. Ltd. and Furukawa Co. Ltd. The Task Mines logo is shown in this undated handout. THE CANADIAN PRESS/HO-Taseko Mines

Taseko strikes deal to claim full ownership of B.C. 2nd largest copper mine

Firm to acquire remaining 12% of Gibraltar copper mine from two minority partners

Taseko Mines Ltd. has signed a deal to buy the 12.5 per cent interest in the Gibraltar mine it does not already own from Dowa Metals & Mining Co. Ltd. and Furukawa Co. Ltd. The Task Mines logo is shown in this undated handout. THE CANADIAN PRESS/HO-Taseko Mines
The Canfor pulp mill in Taylor, B.C. has been purchased by Buffalo Rail and Logistics. energeticcity.ca photo

Firm announces $50M investment into new industry hub for northeast B.C.

Buffalo transforming former Canfor pulp mill site in Taylor into logistics and infrastructure hub

  • Mar 20, 2024
The Canfor pulp mill in Taylor, B.C. has been purchased by Buffalo Rail and Logistics. energeticcity.ca photo
Jennifer Deol of There and Back Again Farms in Kelowna is faced with significant crop loss after with yet another year of ‘unprecedented weather events’. (Jacqueline Gelineau/Capital News)

Okanagan farmer fears climate change will prune agriculture from family tree

Jennifer Deol of There and Back Again Farms worries that without a shift to sustainability, small-scale farming may be a thing of the past

Jennifer Deol of There and Back Again Farms in Kelowna is faced with significant crop loss after with yet another year of ‘unprecedented weather events’. (Jacqueline Gelineau/Capital News)
Ingrid Jarrett (centre), President & CEO of the B.C. Hotel Association has been named Business Woman of the Year by the Tourism Industry Association of BC. (TIABC) photo)

Tourism executive from Kelowna named B.C. Business Woman of the Year

‘I am so grateful for our industry, and honoured to be recognized in such a meaningful way’

Ingrid Jarrett (centre), President & CEO of the B.C. Hotel Association has been named Business Woman of the Year by the Tourism Industry Association of BC. (TIABC) photo)
FILE - The Sports Museum curator Richard Johnson, right, stands near an exhibit that displays cover photos from the sports magazine Sports Illustrated in the museum at the TD Garden, in Boston, Dec. 17, 2015. Sports Illustrated will continue operations after the company that owns the brand reached an agreement with a new publisher for its print and digital products, Monday, March 18, 2024. (AP Photo/Steven Senne, File)

Troubled Sports Illustrated strikes deal to continue operations

Minute Media, which publishes The Players’ Tribune, FanSided and 90min online, will take over

FILE - The Sports Museum curator Richard Johnson, right, stands near an exhibit that displays cover photos from the sports magazine Sports Illustrated in the museum at the TD Garden, in Boston, Dec. 17, 2015. Sports Illustrated will continue operations after the company that owns the brand reached an agreement with a new publisher for its print and digital products, Monday, March 18, 2024. (AP Photo/Steven Senne, File)
Statistics Canada says seasonally-adjusted household credit market debt as a proportion of household disposable income dropped for the third quarter in row recently. A Canadian dollar coin is pictured in Vancouver on Wednesday, May 29, 2019. THE CANADIAN PRESS/Jonathan Hayward

Canada’s household debt ratio relatively steady, net worth improves

Debt as a proportion of household disposable income slight drop for the third quarter in a row

Statistics Canada says seasonally-adjusted household credit market debt as a proportion of household disposable income dropped for the third quarter in row recently. A Canadian dollar coin is pictured in Vancouver on Wednesday, May 29, 2019. THE CANADIAN PRESS/Jonathan Hayward
Rows of fresh cut beef in the coolers of the retail section at the Wight’s Meat Packing facility in Fombell, Pa. is shown on June 16, 2022. Canada’s federal government as well as organizations representing some the nation’s beef producers warn a decision south of the border about “Product of USA” labels on meat, poultry and eggs could disrupt supply chains. THE CANADIAN PRESS/AP, Keith Srakocic

Canada concerned as final rule for ‘Product of USA’ meat labels announced

Officials worried changes could lead to supply chain disruptions

Rows of fresh cut beef in the coolers of the retail section at the Wight’s Meat Packing facility in Fombell, Pa. is shown on June 16, 2022. Canada’s federal government as well as organizations representing some the nation’s beef producers warn a decision south of the border about “Product of USA” labels on meat, poultry and eggs could disrupt supply chains. THE CANADIAN PRESS/AP, Keith Srakocic
Cruises are surging back to popularity among Canadians this spring break, as more travellers look to try a mode of tourism they may have avoided since the COVID-19 pandemic. People use umbrellas to shield themselves from the rain as the Princess Cruises cruise ship Majestic Princess is seen docked at port, in Vancouver, B.C., Monday, Sept. 25, 2023. THE CANADIAN PRESS/Darryl Dyck

Travel back on cruise control as industry rebounds from ‘floating petri dish’ rep

Cruises proving to be popular again for Canadians’ March break travel

Cruises are surging back to popularity among Canadians this spring break, as more travellers look to try a mode of tourism they may have avoided since the COVID-19 pandemic. People use umbrellas to shield themselves from the rain as the Princess Cruises cruise ship Majestic Princess is seen docked at port, in Vancouver, B.C., Monday, Sept. 25, 2023. THE CANADIAN PRESS/Darryl Dyck
Mars Wrigley employee Tammy Steffek folds over a sheeting of Extra gum pellets at the company's innovation lab Tuesday, Jan. 23, 2024, in Chicago. From stress relief to concentration aid, gum makers look for ways to make Americans chew again. Mars Inc., which owns the 133-year-old Wrigley brand, thinks it may have an answer: repositioning gum as an instant stress reliever rather than an occasional breath freshener. (AP Photo/Charles Rex Arbogast)

Candy industry gnaws on what to do about sagging sales of chewing gum

Companies pitch gum as a stress reliever and concentration aid to revive stale US sales

Mars Wrigley employee Tammy Steffek folds over a sheeting of Extra gum pellets at the company's innovation lab Tuesday, Jan. 23, 2024, in Chicago. From stress relief to concentration aid, gum makers look for ways to make Americans chew again. Mars Inc., which owns the 133-year-old Wrigley brand, thinks it may have an answer: repositioning gum as an instant stress reliever rather than an occasional breath freshener. (AP Photo/Charles Rex Arbogast)
Softwood lumber is pictured in Richmond, B.C., Tuesday, April 25, 2017. THE CANADIAN PRESS/Jonathan Hayward

B.C.’s Canfor reports $117M 4th-quarter loss to close challenging year

Losses smaller than the same period the previous year, inflation, interest rates a concern

Softwood lumber is pictured in Richmond, B.C., Tuesday, April 25, 2017. THE CANADIAN PRESS/Jonathan Hayward
Parliamentary budget officer Yves Giroux adjusts his glasses as he waits to appear before the Senate Committee on National Finance, Tuesday, October 17, 2023 in Ottawa. Giroux is projecting inflation will return to the Bank of Canada’s two per cent target by the end of the year and the federal deficit will grow amid weakening economic conditions.THE CANADIAN PRESS/Adrian Wyld

Deficit to climb, inflation to fall back to 2% by end of 2024: PBO

Budget watchdog’s fiscal outlook predicts the first interest rate cut to come in April

Parliamentary budget officer Yves Giroux adjusts his glasses as he waits to appear before the Senate Committee on National Finance, Tuesday, October 17, 2023 in Ottawa. Giroux is projecting inflation will return to the Bank of Canada’s two per cent target by the end of the year and the federal deficit will grow amid weakening economic conditions.THE CANADIAN PRESS/Adrian Wyld
FILE - This May 18, 2021, photo shows a woman typing on a laptop on a train in New Jersey. Becoming self-employed can be an exciting journey, but it’s also possible to make expensive mistakes. These mistakes can create financial setbacks that stunt your growth or impact your financial security in the present and future if caution isn’t taken. (AP Photo/Jenny Kane, File)

Self-employed? Here are 5 common mistakes to avoid

Here are a few mistakes to avoid for financial benefit as a self-employed person

FILE - This May 18, 2021, photo shows a woman typing on a laptop on a train in New Jersey. Becoming self-employed can be an exciting journey, but it’s also possible to make expensive mistakes. These mistakes can create financial setbacks that stunt your growth or impact your financial security in the present and future if caution isn’t taken. (AP Photo/Jenny Kane, File)
An Apple logo hangs at a Palo Alto, Calif., Apple store on Friday, Feb. 2, 2024. THE CANADIAN PRESS/AP, Noah Berger

$14.4M B.C. iPhone class-action lawsuit settlement approved

Class members can expect to receive between $17.50 and $150 each

An Apple logo hangs at a Palo Alto, Calif., Apple store on Friday, Feb. 2, 2024. THE CANADIAN PRESS/AP, Noah Berger
FILE- In this Jan. 3, 2019, file photo the Apple logo is displayed at the Apple store in the Brooklyn borough of New York. European Union fines Apple nearly $2 billion for unfairly favoring its own music streaming service over rivals. (AP Photo/Mary Altaffer, File)

EU slaps Apple with nearly $2B fine for music streaming violation

Antitrust ruling says firm unfairly favoured its own music streaming service over others

FILE- In this Jan. 3, 2019, file photo the Apple logo is displayed at the Apple store in the Brooklyn borough of New York. European Union fines Apple nearly $2 billion for unfairly favoring its own music streaming service over rivals. (AP Photo/Mary Altaffer, File)
A customer leaves a SportChek and Nevada Bob’s Golf store in Ottawa on Monday, May 9, 2011. Despite an unseasonably warm winter, there’s a chill across the Canadian retail landscape. THE CANADIAN PRESS/Sean Kilpatrick

Canada shies away from clothes shopping, apparel stores brace for tough year

‘It’s not as if they are queuing up in order to buy more, let’s put it that way’

A customer leaves a SportChek and Nevada Bob’s Golf store in Ottawa on Monday, May 9, 2011. Despite an unseasonably warm winter, there’s a chill across the Canadian retail landscape. THE CANADIAN PRESS/Sean Kilpatrick