Business

The Bank of Canada building is seen in Ottawa, Wednesday, April 15, 2020. THE CANADIAN PRESS/Adrian Wyld
The Bank of Canada building is seen in Ottawa, Wednesday, April 15, 2020. THE CANADIAN PRESS/Adrian Wyld
This July 6, 2016, file photo shows egg cartons displayed on a shelf at a market in San Francisco. Agriculture and Agri-Food Canada says the food industry is making adjustments to maintain supplies of poultry and eggs in the face of a large outbreak of avian flu in Canada and around the world.THE CANADIAN PRESS/AP/Jeff Chiu, File

Food industry adjusting to large outbreak of avian flu in Canada, around the world

About 260,000 birds have been euthanized or killed by the virus in Canada, a majority in Alberta

This July 6, 2016, file photo shows egg cartons displayed on a shelf at a market in San Francisco. Agriculture and Agri-Food Canada says the food industry is making adjustments to maintain supplies of poultry and eggs in the face of a large outbreak of avian flu in Canada and around the world.THE CANADIAN PRESS/AP/Jeff Chiu, File
A large Kmart sign is displayed in front of a shopping plaza in Avenel, N.J., Monday, April 4, 2022. When the Kmart in Avenel closes its doors on April 16, it will leave only three remaining U.S. locations for the former retail powerhouse. It’s a far cry from the chain’s heyday in the 1980s and ‘90s when it had more than 2,000 stores and sold product lines endorsed by Martha Stewart and former “Charlie’s Angel” Jaclyn Smith. (AP Photo/Seth Wenig)

Former retail giant Kmart nears extinction as closure reduces US store count to 3

In its heyday, Kmart operated well over 2,000 stores and was firmly a piece of American culture

A large Kmart sign is displayed in front of a shopping plaza in Avenel, N.J., Monday, April 4, 2022. When the Kmart in Avenel closes its doors on April 16, it will leave only three remaining U.S. locations for the former retail powerhouse. It’s a far cry from the chain’s heyday in the 1980s and ‘90s when it had more than 2,000 stores and sold product lines endorsed by Martha Stewart and former “Charlie’s Angel” Jaclyn Smith. (AP Photo/Seth Wenig)
People walk by a Resto-Bar in Old Montreal, Monday, January 31, 2022, as the COVID-19 pandemic continues in Canada. Businesses across Canada are struggling to cope with the sixth wave of COVID-19, as staffing shortages hamper sectors from health care to retail and restaurants.THE CANADIAN PRESS/Graham Hughes
People walk by a Resto-Bar in Old Montreal, Monday, January 31, 2022, as the COVID-19 pandemic continues in Canada. Businesses across Canada are struggling to cope with the sixth wave of COVID-19, as staffing shortages hamper sectors from health care to retail and restaurants.THE CANADIAN PRESS/Graham Hughes
An electric car is seen getting charged at parking lot in Tsawwassen, near Vancouver B.C., Friday, April, 6, 2018. The Canadian auto industry says federal budget programs for electric vehicles and charging stations aren’t enough to reach the government’s ambitious new sales targets.THE CANADIAN PRESS/Jonathan Hayward

Automakers say federal budget not doing enough to hit new electric vehicle targets

2022 federal budget promises to extend $5,000 purchase rebate on electric vehicles

An electric car is seen getting charged at parking lot in Tsawwassen, near Vancouver B.C., Friday, April, 6, 2018. The Canadian auto industry says federal budget programs for electric vehicles and charging stations aren’t enough to reach the government’s ambitious new sales targets.THE CANADIAN PRESS/Jonathan Hayward
Amazon tractor trailers line up outside the Amazon Fulfillment Center in the Staten Island borough of New York. Amazon says it will raise the price of its Prime membership in Canada, effective immediately. Monthly memberships will increase by $2 to $9.99 per month, while annual memberships will rise $20 to $99. (AP Photo/Mark Lennihan, File)

Amazon hikes prices for Prime membership

Amazon says Prime’s monthly fee will go up $2 to $9.99 per month

Amazon tractor trailers line up outside the Amazon Fulfillment Center in the Staten Island borough of New York. Amazon says it will raise the price of its Prime membership in Canada, effective immediately. Monthly memberships will increase by $2 to $9.99 per month, while annual memberships will rise $20 to $99. (AP Photo/Mark Lennihan, File)
A woman checks out a jobs advertisement sign in Toronto on Wednesday, April 29, 2020. THE CANADIAN PRESS/Nathan Denette

Jobless rate falls to record low as economy adds 72,500 jobs in March, StatCan says

Agency says country saw the lowest jobless rate over comparable data going back to 1976

A woman checks out a jobs advertisement sign in Toronto on Wednesday, April 29, 2020. THE CANADIAN PRESS/Nathan Denette
Lynx Air CEO Merren McArthur poses for a portrait in Calgary, Alta., Friday, Jan. 28, 2022. Lynx Air is making its inaugural flight today, the latest entrant to Canada’s increasingly crowded budget airline market.THE CANADIAN PRESS/Jeff McIntosh

Lynx Air launches maiden voyage, joining Canada’s low-cost carrier dogfight

Firm formerly known as Enerjet aims for 148 flights a week on more than a dozen routes by July

Lynx Air CEO Merren McArthur poses for a portrait in Calgary, Alta., Friday, Jan. 28, 2022. Lynx Air is making its inaugural flight today, the latest entrant to Canada’s increasingly crowded budget airline market.THE CANADIAN PRESS/Jeff McIntosh
Copies of the 2022 federal budget are seen on a table as journalists work in the media lockup, ahead of the tabling of the federal budget, in Ottawa, on Thursday, April 7, 2022. THE CANADIAN PRESS/Justin Tang

Budget 2022: Liberals rejig $15B toward new business investment fund

‘Canada Growth Fund’ designed to alleviate risks for private firms to spend on research and technology

Copies of the 2022 federal budget are seen on a table as journalists work in the media lockup, ahead of the tabling of the federal budget, in Ottawa, on Thursday, April 7, 2022. THE CANADIAN PRESS/Justin Tang
Old Blackberries are pictured in North Vancouver, B.C. Thursday, Nov. 15, 2018. BlackBerry Ltd. says it has reached a deal to settle a drawn-out class action lawsuit that alleged the company defrauded shareholders by making misleading claims about its new BlackBerry 10 smartphones. THE CANADIAN PRESS /Jonathan Hayward

BlackBerry to settle lawsuit over BlackBerry 10 smartphone but denies all allegations

Software company says it would pay $165 million to settle the claims

Old Blackberries are pictured in North Vancouver, B.C. Thursday, Nov. 15, 2018. BlackBerry Ltd. says it has reached a deal to settle a drawn-out class action lawsuit that alleged the company defrauded shareholders by making misleading claims about its new BlackBerry 10 smartphones. THE CANADIAN PRESS /Jonathan Hayward
Logs are piled up at West Fraser Timber in Quesnel, B.C., Tuesday, April 21, 2009. THE CANADIAN PRESS/Jonathan Hayward

West Fraser cutting pulp production at Alberta mill, changing type of pulp output

Company permanently reducing capacity at its pulp mill in Hinton by end of the year

Logs are piled up at West Fraser Timber in Quesnel, B.C., Tuesday, April 21, 2009. THE CANADIAN PRESS/Jonathan Hayward
This photo provided by Toyota, shows the 2022 Tesla Model 3, an all-electric SUV that has an estimated maximum range of about 330 miles. (Courtesy of Tesla Motors via AP)

Vehicle reviewer picks 5 SUVs to help you save at the pump

Manufacturers offering consumers a variety of ways to beat the prices at the pump

This photo provided by Toyota, shows the 2022 Tesla Model 3, an all-electric SUV that has an estimated maximum range of about 330 miles. (Courtesy of Tesla Motors via AP)
A Suncor logo is shown at the company’s annual meeting in Calgary, Thursday, May 2, 2019. THE CANADIAN PRESS/Jeff McIntosh

Suncor getting out of wind and solar; will shift focus to hydrogen and renewable fuel

Suncor says its strategy for hitting the 2050 goal is also focused on increasing shareholder returns

A Suncor logo is shown at the company’s annual meeting in Calgary, Thursday, May 2, 2019. THE CANADIAN PRESS/Jeff McIntosh
A real estate sign is pictured in Vancouver, B.C., Tuesday, June, 12, 2018.The Real Estate Board of Greater Vancouver says home sales picked up between February and March but are still down from a year ago. THE CANADIAN PRESS Jonathan Hayward
A real estate sign is pictured in Vancouver, B.C., Tuesday, June, 12, 2018.The Real Estate Board of Greater Vancouver says home sales picked up between February and March but are still down from a year ago. THE CANADIAN PRESS Jonathan Hayward
FILE - In this Oct. 29, 2015, file photo, a cod to be auctioned sits on ice at the Portland Fish Exchange, in Portland, Maine. Russia, along with Iceland and Norway, remains a major producer of the white fish, which it harvests from the Barents Sea and other frigid oceans. The U.S. is clamping down on trade with Russia, and is targeting seafood in particular. (AP Photo/Robert F. Bukaty, File)

Seafood biz braces for losses of jobs, fish due to sanctions

Russia is one of the largest producers of seafood in the world

FILE - In this Oct. 29, 2015, file photo, a cod to be auctioned sits on ice at the Portland Fish Exchange, in Portland, Maine. Russia, along with Iceland and Norway, remains a major producer of the white fish, which it harvests from the Barents Sea and other frigid oceans. The U.S. is clamping down on trade with Russia, and is targeting seafood in particular. (AP Photo/Robert F. Bukaty, File)
People wear masks as a precaution due to the coronavirus outbreak as they arrive at the International terminal at Toronto Pearson International Airport in Toronto on Saturday, January 25, 2020. As of tomorrow, vaccinated travellers will no longer need a COVID-19 test to enter Canada. THE CANADIAN PRESS/Nathan Denette

Starting Friday, vaccinated travellers to Canada don’t need a COVID-19 test

Travel agents report surge in demand for flights since the change was announced two weeks ago

People wear masks as a precaution due to the coronavirus outbreak as they arrive at the International terminal at Toronto Pearson International Airport in Toronto on Saturday, January 25, 2020. As of tomorrow, vaccinated travellers will no longer need a COVID-19 test to enter Canada. THE CANADIAN PRESS/Nathan Denette
B.C. Minister of Agriculture Lana Popham speaks during a news conference in Vancouver, on Friday July 5, 2019. The British Columbia Ministry of Agriculture says it is ending the COVID-19 quarantine program for seasonal agricultural temporary foreign workers but will keep a different program for another year to support self-isolation to curb the spread of the virus.THE CANADIAN PRESS/Darryl Dyck

B.C. ends quarantine program for temporary foreign workers, self-isolation continues

The British Columbia Agriculture Ministry says it is ending the COVID-19 quarantine…

B.C. Minister of Agriculture Lana Popham speaks during a news conference in Vancouver, on Friday July 5, 2019. The British Columbia Ministry of Agriculture says it is ending the COVID-19 quarantine program for seasonal agricultural temporary foreign workers but will keep a different program for another year to support self-isolation to curb the spread of the virus.THE CANADIAN PRESS/Darryl Dyck
This Sunday, Jan. 28, 2018, photo shows music streaming apps clockwise from top left, Apple, Spotify, Amazon, Pandora and Google on an iPhone in New York. SOCAN has revealed that on average Canadian sogwriters earned only $67 last year in royalties from digital streaming services.THE CANADIAN PRESS/AP-Jenny Kane

Canadian songwriters made on average $67 in royalties from digital platforms in 2021

Overall Canadians gained record royalties from streaming platforms in 2021

This Sunday, Jan. 28, 2018, photo shows music streaming apps clockwise from top left, Apple, Spotify, Amazon, Pandora and Google on an iPhone in New York. SOCAN has revealed that on average Canadian sogwriters earned only $67 last year in royalties from digital streaming services.THE CANADIAN PRESS/AP-Jenny Kane
House Judiciary Committee Chairman Jerry Nadler, D-N.Y., adjusts his face mask during a House Judiciary Committee markup of the Justice in Policing Act of 2020 on Capitol Hill in Washington, Wednesday, June 17, 2020. THE CANADIAN PRESS/AP-Kevin Dietsch/Pool via AP

Canadian pot producers watch closely as Democrats aim to rewrite U.S. cannabis laws

If passed and signed by President Biden, bill would declassify marijuana as a controlled substance.

House Judiciary Committee Chairman Jerry Nadler, D-N.Y., adjusts his face mask during a House Judiciary Committee markup of the Justice in Policing Act of 2020 on Capitol Hill in Washington, Wednesday, June 17, 2020. THE CANADIAN PRESS/AP-Kevin Dietsch/Pool via AP
Prime Minister Justin Trudeau delivers the keynote address during the GLOBE Forum at the Convention Centre in Vancouver, B.C., on Tuesday, March 29, 2022. Canada's oil and gas industry is still facing uncertainty in the wake of the federal government's sweeping new emissions reduction plan. THE CANADIAN PRESS/Chad Hipolito

Emissions plan leaves oilpatch with uncertainty; cap on sector still in development

Government consulting with industry, others about what that cap will be

Prime Minister Justin Trudeau delivers the keynote address during the GLOBE Forum at the Convention Centre in Vancouver, B.C., on Tuesday, March 29, 2022. Canada's oil and gas industry is still facing uncertainty in the wake of the federal government's sweeping new emissions reduction plan. THE CANADIAN PRESS/Chad Hipolito