Business

In this double exposure photograph, a sign displays the price of a litre of regular grade gasoline as people fuel up their vehicles at an Esso gas station, in Vancouver, on Tuesday, March 8, 2022. THE CANADIAN PRESS/Darryl Dyck

Annual inflation rate hit 5.7% in February amid broad-based price increases

Canada’s inflation rate at its highest level since August 1991

In this double exposure photograph, a sign displays the price of a litre of regular grade gasoline as people fuel up their vehicles at an Esso gas station, in Vancouver, on Tuesday, March 8, 2022. THE CANADIAN PRESS/Darryl Dyck
A worker in an office in the financial district The City, in London, Monday, Dec. 13, 2021. (AP Photo/Alberto Pezzali)

Technological revolution of work during pandemic shows promise and inequality

Statistics Canada warns impacts of the pandemic on work are likely to increase inequality

A worker in an office in the financial district The City, in London, Monday, Dec. 13, 2021. (AP Photo/Alberto Pezzali)
A car is charged at a charge station for electric vehicles on Parliament Hill in Ottawa on Wednesday, May 1, 2019. THE CANADIAN PRESS/Sean Kilpatrick

Canada’s new electric-vehicle registrations soar in 2021 but still lag behind Europe

More EVs registered in first 9 months of 2021 than any previous full year

A car is charged at a charge station for electric vehicles on Parliament Hill in Ottawa on Wednesday, May 1, 2019. THE CANADIAN PRESS/Sean Kilpatrick
People eat in a McDonald’s restaurant in the main street in Moscow, Russia, Sunday, March 13, 2022. (AP Photo)

Once a powerful symbol in Russia, McDonald’s withdraws

‘It’s impossible to predict when we might be able to reopen our restaurants in Russia’

People eat in a McDonald’s restaurant in the main street in Moscow, Russia, Sunday, March 13, 2022. (AP Photo)
Pedestrians walk past Scotia Plaza in the financial district in Toronto on Wednesday, September 29, 2021. THE CANADIAN PRESS/Evan Buhler
Pedestrians walk past Scotia Plaza in the financial district in Toronto on Wednesday, September 29, 2021. THE CANADIAN PRESS/Evan Buhler
A bulk carrier cargo ship is seen at anchor on Burrard Inlet at sunset in Vancouver, B.C., Sunday, Jan. 3, 2021. International merchandise trade numbers for January are expected from Statistics Canada on Tuesday. THE CANADIAN PRESS/Darryl Dyck

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

Statistics Canada will publish its latest reading on household debt

A bulk carrier cargo ship is seen at anchor on Burrard Inlet at sunset in Vancouver, B.C., Sunday, Jan. 3, 2021. International merchandise trade numbers for January are expected from Statistics Canada on Tuesday. THE CANADIAN PRESS/Darryl Dyck
British Columbia Premier John Horgan poses for a portrait after a swearing-in ceremony at Government House in Victoria, Friday, Feb. 25, 2022. THE CANADIAN PRESS/Chad Hipolito

Premier not concerned about impacts to B.C. after Canada raises tariffs for Russia

‘We’re not, at this point, concerned that there will be significant costs to British Columbians’

British Columbia Premier John Horgan poses for a portrait after a swearing-in ceremony at Government House in Victoria, Friday, Feb. 25, 2022. THE CANADIAN PRESS/Chad Hipolito
A Sunwing Boeing 737-800 passenger plane prepares to land at Pearson International Airport in Toronto on Wednesday, August 2, 2017. THE CANADIAN PRESS/Christopher Katsarov

WestJet Airlines to buy Sunwing Airlines

Terms of deal unclear, virtual town hall between management and employees planned today

A Sunwing Boeing 737-800 passenger plane prepares to land at Pearson International Airport in Toronto on Wednesday, August 2, 2017. THE CANADIAN PRESS/Christopher Katsarov
Governor of the Bank of Canada Tiff Macklem participates in a media availability at the Bank of Canada in Ottawa, on Wednesday, Dec. 15, 2021. THE CANADIAN PRESS/Justin Tang

Bank of Canada hikes key interest rate for first time since pandemic began

Central bank increases key rate by a quarter of a percentage point in bid to help fight inflation

Governor of the Bank of Canada Tiff Macklem participates in a media availability at the Bank of Canada in Ottawa, on Wednesday, Dec. 15, 2021. THE CANADIAN PRESS/Justin Tang
Window cleaners hang from ropes to clean the an office building’s windows in Seoul, South Korea, Friday, Nov. 19, 2021. (AP Photo/Ahn Young-joon).

Post-pandemic back-to-work puts spotlight on office maintenance

Reactivating dormant, or barely used buildings could come with re-start maintenance issues

Window cleaners hang from ropes to clean the an office building’s windows in Seoul, South Korea, Friday, Nov. 19, 2021. (AP Photo/Ahn Young-joon).
A worker carries wood as a house under construction is shown in a subdivision in Beckwith, Ont. THE CANADIAN PRESS/Sean Kilpatrick

Statistics Canada says Canadian economy grew 4.6% in 2021

Home construction, resales and renovations increased at near-record levels as country bounes back

A worker carries wood as a house under construction is shown in a subdivision in Beckwith, Ont. THE CANADIAN PRESS/Sean Kilpatrick
Saanich has opened nominations for the 2020 Enviromental Awards on March 5. (Black Press Media file photo)

Canfor plans to sell forest tenure in Mackenzie region of B.C. to two First Nations

Canfor has also agreed to sell its Mackenzie site, plant and equipment to Peak Renewables.

Saanich has opened nominations for the 2020 Enviromental Awards on March 5. (Black Press Media file photo)
A man fills up his truck with gas in Toronto, on Monday April 1, 2019. (Photo - Christopher Katsarov)

Canadians can expect higher gas prices from Ukraine war to kick in on Saturday

Experts say gas prices across the country should rise about five cents per litre this weekend

A man fills up his truck with gas in Toronto, on Monday April 1, 2019. (Photo - Christopher Katsarov)
One of Canada’s biggest food manufacturers has halted shipments to one of the country’s largest grocers in a extreme example of how inflation is impacting the food industry. Bags chips from PepsiCo’s Frito-Lay division are shown in New York in this June 15, 2007, file photo.THE CANADIAN PRESS/AP-Mark Lennihan

‘Not just about chips:’ Frito-Lay, Loblaw expose tension between suppliers, retailers

Situation has left the chip and snack food aisle of many Loblaw stores less full than usual

One of Canada’s biggest food manufacturers has halted shipments to one of the country’s largest grocers in a extreme example of how inflation is impacting the food industry. Bags chips from PepsiCo’s Frito-Lay division are shown in New York in this June 15, 2007, file photo.THE CANADIAN PRESS/AP-Mark Lennihan
Grant Frew, bar manager of Bushwakker, poses for a photo at Bushwakker Brewpub in Regina. The pub’s main room is for vaccinated and unvaccinated customers, but its banquet room is currently for patrons who have “immunodeficiency concerns, family health concerns or simply are not comfortable with the latest easing of health restrictions.” To enter the banquet room, patrons must provide proof of vaccination and identification. (File photo by The Canadian Press)

Vaccinated or non-vaccinated? Regina brew pub introduces vaccine-only section

‘We’re trying to dig ourselves out of this economic catastrophe that the pandemic has caused’

Grant Frew, bar manager of Bushwakker, poses for a photo at Bushwakker Brewpub in Regina. The pub’s main room is for vaccinated and unvaccinated customers, but its banquet room is currently for patrons who have “immunodeficiency concerns, family health concerns or simply are not comfortable with the latest easing of health restrictions.” To enter the banquet room, patrons must provide proof of vaccination and identification. (File photo by The Canadian Press)
EverGen Infrastructure Corp's Fraser Valley Biogas facility in Abbotsford, B.C. is shown in this undated handout image. A growing number of Canadian utility companies are investing in Renewable Natural Gas projects. THE CANADIAN PRESS/HO-EverGen Infrastructure Corp
*MANDATORY CREDIT*

‘Renewable natural gas’ boom coming, advocates say, as companies turn waste into fuel

FortisBC currently receives renewable natural gas from several suppliers

EverGen Infrastructure Corp's Fraser Valley Biogas facility in Abbotsford, B.C. is shown in this undated handout image. A growing number of Canadian utility companies are investing in Renewable Natural Gas projects. THE CANADIAN PRESS/HO-EverGen Infrastructure Corp
*MANDATORY CREDIT*
Bank towers are shown from Bay Street in Toronto’s financial district, on Wednesday, June 16, 2010. Investors watching bank earnings that start this week will be keeping a keen eye on any hints at how the institutions will fare with the two big trends this year: rate hikes and inflation. THE CANADIAN PRESS/Adrien Veczan

Outlook for interest rates, inflation are key trends as banks set to report earnings

The central banks of Canada and the U.S. are expected to start raising rates in March

Bank towers are shown from Bay Street in Toronto’s financial district, on Wednesday, June 16, 2010. Investors watching bank earnings that start this week will be keeping a keen eye on any hints at how the institutions will fare with the two big trends this year: rate hikes and inflation. THE CANADIAN PRESS/Adrien Veczan
A sign outside the Canada Revenue Agency is seen Monday May 10, 2021 in Ottawa. THE CANADIAN PRESS/Adrian Wyld

Another ‘unique’ tax-filing season opens in Canada amid pandemic challenges: CRA

CRA says it has not extended the tax filing deadline, which remains April 30 for most Canadians

A sign outside the Canada Revenue Agency is seen Monday May 10, 2021 in Ottawa. THE CANADIAN PRESS/Adrian Wyld
(Photo by The Canadian Press)

‘Renewable natural gas’ boom coming, advocates say, as companies turn waste into fuel

CALGARY — Chase Edgelow is on a mission to acquire vast quantities…

(Photo by The Canadian Press)
A sign outside a home indicates that it has been rented, in Ottawa, on Monday, March 1, 2021. THE CANADIAN PRESS/Justin Tang
A sign outside a home indicates that it has been rented, in Ottawa, on Monday, March 1, 2021. THE CANADIAN PRESS/Justin Tang