Business

FILE - Apple CEO Tim Cook smiles at an Apple event in Cupertino, Calif., on Sept. 7, 2022. After ballooning for years, CEO pay growth is finally slowing. Cook, who was number three in the AP CEO pay survey, requested a 40% pay cut in 2023 after shareholders questioned the size and structure of his $99.4 million compensation package in 2022. (AP Photo/Jeff Chiu, File)

CEOs got smaller raises, but would still take employees 2 lifetimes to match annual pay

Typical compensation package for chief executives who run S&P 500 companies rose just 0.9% last yea

A woman walks past a Freedom Mobile in Toronto on Thursday, November 24, 2016. On the heels of the sale of Freedom Mobile, and amid an increased interest in unionization among retail and service workers, Teamsters Canada says retail and call centre employees at Freedom Mobile are looking to unionize.THE CANADIAN PRESS/Nathan Denette

Freedom Mobile workers seeking union after acquisition: Teamsters Canada

Call centre workers have been unionizing for years, said economist and labour expert Jim Stanford

Signage marks the Statistics Canada offices in Ottawa on July 21, 2010. Statistics Canada is set to release its gross domestic product figures for the month of March, as well as the first quarter of the year.THE CANADIAN PRESS/Sean Kilpatrick

Canada’s economy continues to outperform, raising odds of rate hike next week

The Canadian economy grew faster than expected in the first three months…

Guillermo Hernandez, right, a soil scientist, and Camila Quiroz, a research intern from Peru, look over their plants in a research room used to simulate sunlight at the University of Alberta in Edmonton in this undated handout photo. (Guillermo Hernandez Ramirez/University of Alberta)

‘More connected’: Researchers looking at growing food under solar panels

This could help Alberta winters, researchers have mentioned

Guillermo Hernandez, right, a soil scientist, and Camila Quiroz, a research intern from Peru, look over their plants in a research room used to simulate sunlight at the University of Alberta in Edmonton in this undated handout photo. (Guillermo Hernandez Ramirez/University of Alberta)
(The Canadian Press)

Tech, sustainability key to attracting young talent to an evolving agriculture sector

Twelve per cent of farms told Statistics Canada they had a succession plan in 2021

(The Canadian Press)
Prime Minister Justin Trudeau makes a Volkswagen electric battery plant announcement at the Elgin County Railway Museum in St. Thomas, Ont. Friday, April 21, 2023. THE CANADIAN PRESS/Tara Walton

How an ‘energizer bunny,’ cheeseburgers and $14 billion helped Canada woo Volkswagen

Talks that led Volkswagen to choose Canada for its first non-European battery plant started with a whim

Prime Minister Justin Trudeau makes a Volkswagen electric battery plant announcement at the Elgin County Railway Museum in St. Thomas, Ont. Friday, April 21, 2023. THE CANADIAN PRESS/Tara Walton
Bank of Canada governor Tiff Macklem holds a press conference at the Bank of Canada in Ottawa on Wednesday, April 12, 2023. Macklem will be at an event hosted by the Toronto Region Board of Trade and participate in a discussion on the Canadian economy and the central bank’s outlook. THE CANADIAN PRESS/Sean Kilpatrick

5 things to watch for in the Canadian business world in the coming week

Statistics Canada will release its labour force survey for April on Friday

Bank of Canada governor Tiff Macklem holds a press conference at the Bank of Canada in Ottawa on Wednesday, April 12, 2023. Macklem will be at an event hosted by the Toronto Region Board of Trade and participate in a discussion on the Canadian economy and the central bank’s outlook. THE CANADIAN PRESS/Sean Kilpatrick
FILE - A Bed Bath & Beyond customer enters a store in Mountain View, Calif., Wednesday, May 9, 2012. Bed Bath & Beyond has filed for bankruptcy protection, but the company says its stores and websites will remain open and continue serving customers. The beleaguered home goods chain made the filing Sunday, April 23, 2023 in U.S. District Court in New Jersey, listing its estimated assets and liabilities in the range of $1 billion and $10 billion. (AP Photo/Paul Sakuma, File)

Struggling Bed Bath & Beyond files for bankruptcy protection

Filing comes as dozens of stores shutter across Canada

FILE - A Bed Bath & Beyond customer enters a store in Mountain View, Calif., Wednesday, May 9, 2012. Bed Bath & Beyond has filed for bankruptcy protection, but the company says its stores and websites will remain open and continue serving customers. The beleaguered home goods chain made the filing Sunday, April 23, 2023 in U.S. District Court in New Jersey, listing its estimated assets and liabilities in the range of $1 billion and $10 billion. (AP Photo/Paul Sakuma, File)
FILE - A sign bearing the Tesla company logo is displayed outside a Tesla store in Cherry Creek Mall in Denver, Colorado, Feb. 9, 2019. Tesla’s first-quarter vehicle sales in 2023 rose 36% after the company cut prices twice in a bid to stimulate demand. (AP Photo/David Zalubowski, File)

Tesla sales rise 36% in first quarter, following price cuts

Maker delivered 422,875 vehicles worldwide from January to March

FILE - A sign bearing the Tesla company logo is displayed outside a Tesla store in Cherry Creek Mall in Denver, Colorado, Feb. 9, 2019. Tesla’s first-quarter vehicle sales in 2023 rose 36% after the company cut prices twice in a bid to stimulate demand. (AP Photo/David Zalubowski, File)
FILE - Saudi Aramco engineers walk in front of a gas turbine generator at Khurais oil field during a tour for journalists, 150 kilometers east-northeast of Riyadh, Saudi Arabia on June 28, 2021. Saudi Arabia said Sunday, April 2, 2023, it will cut oil production by 500,000 barrels per day from May until the end of 2023. (AP Photo/Amr Nabil, File)

Saudis, other oil giants announce surprise production cuts

Move could raise oil prices worldwide

FILE - Saudi Aramco engineers walk in front of a gas turbine generator at Khurais oil field during a tour for journalists, 150 kilometers east-northeast of Riyadh, Saudi Arabia on June 28, 2021. Saudi Arabia said Sunday, April 2, 2023, it will cut oil production by 500,000 barrels per day from May until the end of 2023. (AP Photo/Amr Nabil, File)
Minister of Foreign Affairs Mélanie Joly rises during Question Period in the House of Commons on Parliament Hill in Ottawa on Monday, March 27, 2023. Economists and geopolitical experts say this week’s federal budget is confirmation that the Trudeau government sees the future of Canadian trade as relying more on allied countries, even if it is results in more expensive goods. THE CANADIAN PRESS/Justin Tang

Ottawa is going all in on ‘friendshoring.’ Here’s what that could mean.

Canada set to deepen economics ties with certain allies

Minister of Foreign Affairs Mélanie Joly rises during Question Period in the House of Commons on Parliament Hill in Ottawa on Monday, March 27, 2023. Economists and geopolitical experts say this week’s federal budget is confirmation that the Trudeau government sees the future of Canadian trade as relying more on allied countries, even if it is results in more expensive goods. THE CANADIAN PRESS/Justin Tang
Na’moks, a spokesman for the Wet’suwet’en hereditary chiefs, holds a press conference in Smithers, B.C., Tuesday, Jan.7, 2020, on the one-year anniversary of RCMP enforcement of an injunction granted to Coastal GasLink. THE CANADIAN PRESS/Amy Smart

Banks face rising shareholder pressure through climate resolutions as AGMs loom

Critics say banks’ climate action going too slow

Na’moks, a spokesman for the Wet’suwet’en hereditary chiefs, holds a press conference in Smithers, B.C., Tuesday, Jan.7, 2020, on the one-year anniversary of RCMP enforcement of an injunction granted to Coastal GasLink. THE CANADIAN PRESS/Amy Smart
A man walks though a downtown Toronto office building with other buildings reflected in a window in this June 11, 2019 photo. The future of Canada’s social safety net is pending after the federal budget made no mention of employment insurance reform, despite the Liberals having promised to modernize the program. THE CANADIAN PRESS/Graeme Roy

As economy slows, Feds push off EI reform over worries it could drive up premiums

Expanding eligibility prior to a recession would be costly for the government

A man walks though a downtown Toronto office building with other buildings reflected in a window in this June 11, 2019 photo. The future of Canada’s social safety net is pending after the federal budget made no mention of employment insurance reform, despite the Liberals having promised to modernize the program. THE CANADIAN PRESS/Graeme Roy
Animikii founder and CEO Jeff Ward is photographed outside the Songhees Wellness Centre in Victoria, Monday, March 20, 2023. THE CANADIAN PRESS/Chad Hipolito

For one tech company, Indigenous values are central to hiring, projects and strategy

Love, truth and respect guide practices at Animikii

Animikii founder and CEO Jeff Ward is photographed outside the Songhees Wellness Centre in Victoria, Monday, March 20, 2023. THE CANADIAN PRESS/Chad Hipolito
Scott Thompson, founder of Mad Laboratory Distilling, works to keep grains moving from a hopper as they are fed to a mash tank while steam rises from a still being cleaned at the distillery, in Vancouver, on Thursday, March 9, 2023. Mad Lab switched to produce hand sanitizer during the pandemic but is now back to full-time production of alcoholic beverages.THE CANADIAN PRESS/Darryl Dyck

How did these companies survive the pitfalls of the pandemic pivot?

Many who turned to produce hand sanitizer, PPE in 2020 have struggled to transition back

Scott Thompson, founder of Mad Laboratory Distilling, works to keep grains moving from a hopper as they are fed to a mash tank while steam rises from a still being cleaned at the distillery, in Vancouver, on Thursday, March 9, 2023. Mad Lab switched to produce hand sanitizer during the pandemic but is now back to full-time production of alcoholic beverages.THE CANADIAN PRESS/Darryl Dyck
A branch of Signature Bank is photographed, late Sunday, March 12, 2023, in New York. Regulators announced that the New York-based bank had failed and was being seized. At more than $110 billion in assets, Signature Bank is the third-largest bank failure in U.S. history. Signature’s failure comes just days after the failure of Silicon Valley Bank. (AP Photo/Bobby Caina Calvan)

Bank stocks drop and S&P 500 swings as Wall Street shakes

Wall Street is worried about what may be next to topple following…

A branch of Signature Bank is photographed, late Sunday, March 12, 2023, in New York. Regulators announced that the New York-based bank had failed and was being seized. At more than $110 billion in assets, Signature Bank is the third-largest bank failure in U.S. history. Signature’s failure comes just days after the failure of Silicon Valley Bank. (AP Photo/Bobby Caina Calvan)
Flair Airlines. (Photo via The Canadian Press)

Flair Airlines says 4 of its aircraft seized in a ‘commercial dispute’

Some flights may be impacted up until Monday

Flair Airlines. (Photo via The Canadian Press)
Facebook’s Meta logo sign is seen at the company headquarters in Menlo Park, Calif., on, Oct. 28, 2021. THE CANADIAN PRESS/AP-Tony Avelar

Meta to block access to news on Facebook, Instagram if Online News Act adopted as-is

Act would require digital giants to pay Canadian media companies for their news content

Facebook’s Meta logo sign is seen at the company headquarters in Menlo Park, Calif., on, Oct. 28, 2021. THE CANADIAN PRESS/AP-Tony Avelar
An Indigo bookstore is seen Wednesday, November 4, 2020 in Laval, Quebec. THE CANADIAN PRESS/Ryan Remiorz

Indigo union demands more details on cyberattack, support for affected workers

Employees’ medical and immigration records part of February breach

An Indigo bookstore is seen Wednesday, November 4, 2020 in Laval, Quebec. THE CANADIAN PRESS/Ryan Remiorz
Tailings samples are being tested during a tour of Imperial’s oil sands research centre in Calgary, Alta., Tuesday, Aug. 28, 2018. Recent leaks of toxic tailings from northern Alberta oilsands mines have revealed serious flaws in how Canada and Alberta look after the environment, observers say. THE CANADIAN PRESS/Jeff McIntosh

Kearl oilsands leak exposes gaps in how Alberta and Canada oversee industry: experts

Problem discovered in May, but not reported until February

Tailings samples are being tested during a tour of Imperial’s oil sands research centre in Calgary, Alta., Tuesday, Aug. 28, 2018. Recent leaks of toxic tailings from northern Alberta oilsands mines have revealed serious flaws in how Canada and Alberta look after the environment, observers say. THE CANADIAN PRESS/Jeff McIntosh