Business

Minister of Natural Resources Jonathan Wilkinson speaks during a press conference outside the GLOBE Forum at the Convention Centre in Vancouver, B.C., on Tuesday, March 29, 2022. Wilkinson said the world cannot allow Russia and China to have global dominance over critical minerals.THE CANADIAN PRESS/Chad Hipolito

Canada says world cannot allow Russia, China to dominate critical minerals market

Demand for lithium, graphite, nickel, cobalt and copper exploding as energy transition continues

Minister of Natural Resources Jonathan Wilkinson speaks during a press conference outside the GLOBE Forum at the Convention Centre in Vancouver, B.C., on Tuesday, March 29, 2022. Wilkinson said the world cannot allow Russia and China to have global dominance over critical minerals.THE CANADIAN PRESS/Chad Hipolito
A woman uses her computer keyboard to type while surfing the internet in North Vancouver, B.C., Wednesday, Dec. 19, 2012. Businesses and other private-sector organizations would be required to report ransomware incidents and other cyberattacks to the government under a federal bill to be tabled today. THE CANADIAN PRESS/Jonathan Hayward

Key enterprises could face penalties under federal bill to bolster cybersecurity

New legislation targets telecommunications, finance, energy and transportation sectors

A woman uses her computer keyboard to type while surfing the internet in North Vancouver, B.C., Wednesday, Dec. 19, 2012. Businesses and other private-sector organizations would be required to report ransomware incidents and other cyberattacks to the government under a federal bill to be tabled today. THE CANADIAN PRESS/Jonathan Hayward
Prince Edward County resident Judith Burfoot is shown in a handout photo. Travel and hospitality experts say pandemic-battered businesses are increasingly recognizing a longstanding blindspot that if addressed could help them rebound this summer: the BIPOC traveller. THE CANADIAN PRESS/HO-Judith Burfoot **MANDATORY CREDIT**

Tourism and travel industry pushed to embrace diversity and inclusion measures

More BIPOC travellers visiting homogenous communities unaccustomed to catering to diverse clientele

Prince Edward County resident Judith Burfoot is shown in a handout photo. Travel and hospitality experts say pandemic-battered businesses are increasingly recognizing a longstanding blindspot that if addressed could help them rebound this summer: the BIPOC traveller. THE CANADIAN PRESS/HO-Judith Burfoot **MANDATORY CREDIT**
FILE - Cars line up for gas at a gas station in Martinez, Calif., on Sept. 21, 1973. An unhappy confluence of events has economists reaching back to the days of disco and the bleak high-inflation, high-unemployment economy of nearly a half century ago. No one thinks stagflation is in sight. But as a longer-term threat, it can no longer be dismissed.(AP Photo/File)

Worry about stagflation, a flashback to ’70s, begins to grow

Fears arise that high inflation, weak job market could combine in a toxic brew not seen in decades

FILE - Cars line up for gas at a gas station in Martinez, Calif., on Sept. 21, 1973. An unhappy confluence of events has economists reaching back to the days of disco and the bleak high-inflation, high-unemployment economy of nearly a half century ago. No one thinks stagflation is in sight. But as a longer-term threat, it can no longer be dismissed.(AP Photo/File)
The Bank of Canada building is seen on Wellington Street in Ottawa, on Tuesday, May 31, 2022. The Bank of Canada will outline what it sees as the key vulnerabilities and risks to Canada’s financial system later this morning. THE CANADIAN PRESS/Justin Tang

Bank of Canada says household debt and home prices key risks for financial system

Households have seen net worth increase of about $230,000 over the first two years of the pandemic

The Bank of Canada building is seen on Wellington Street in Ottawa, on Tuesday, May 31, 2022. The Bank of Canada will outline what it sees as the key vulnerabilities and risks to Canada’s financial system later this morning. THE CANADIAN PRESS/Justin Tang
Mechanic Frederic Mistre works on a combustion engine car at a garage in Marseille, southern France, Wednesday, June 8, 2022. The European Parliament is voting Wednesday on deeper emission cuts by power plants, factories, planes and cars. The legislative package, which includes a proposed EU ban on combustion-engine cars in 2035, aims to slash Europe’s greenhouse gases by 55% in 2030 compared with 1990 levels and put the bloc on a path to climate-neutrality by mid-century. (AP Photo/Daniel Cole)

EU lawmakers endorse ban on combustion-engine cars in 2035

Voters also endorsed a 55% reduction in CO2 from automobiles in 2030

Mechanic Frederic Mistre works on a combustion engine car at a garage in Marseille, southern France, Wednesday, June 8, 2022. The European Parliament is voting Wednesday on deeper emission cuts by power plants, factories, planes and cars. The legislative package, which includes a proposed EU ban on combustion-engine cars in 2035, aims to slash Europe’s greenhouse gases by 55% in 2030 compared with 1990 levels and put the bloc on a path to climate-neutrality by mid-century. (AP Photo/Daniel Cole)
Tim Sangha, a member of the Nanaimo-based business partnership that has owned the Scarlet Ibis Pub and Restaurant since November 2020, presents a carving by woodcarver Rick Rotar of the Ibis business logo to Patricia Gwynne who owned and operated the Island’s most remote pub for more than 40 years. (Scarlet Ibis image)

New business partners breathe new life into Vancouver Island’s most remote pub

Scarlet Ibis Pub and Restaurant in Holberg is edge of civilization for wilderness adventurers

Tim Sangha, a member of the Nanaimo-based business partnership that has owned the Scarlet Ibis Pub and Restaurant since November 2020, presents a carving by woodcarver Rick Rotar of the Ibis business logo to Patricia Gwynne who owned and operated the Island’s most remote pub for more than 40 years. (Scarlet Ibis image)
Two boxes of Kleenex tissues are displayed in Ann Arbor, Mich., on Wednesday, May 25, 2022. (AP Photo/Dee-Ann Durbin)

‘Shrinkflation’: No, you’re not imagining it, package sizes are shrinking

Issue not new, but proliferates in times of high inflation as companies grapple with rising costs

Two boxes of Kleenex tissues are displayed in Ann Arbor, Mich., on Wednesday, May 25, 2022. (AP Photo/Dee-Ann Durbin)
Thai one on: The new owners at Busaba Thai Cafe, sisters Nid and Bell Padermchok, and their respective husbands Boom and Paul, have created a menu full of Thai street food standards like larb wings, pad grab pao and drunken noodles, fused with a fine dining spin. The ladies grew up in Bangkok. The guys hail from Udon Thani, in Thailand’s northeast. Photo: Darren Davidson
Thai one on: The new owners at Busaba Thai Cafe, sisters Nid and Bell Padermchok, and their respective husbands Boom and Paul, have created a menu full of Thai street food standards like larb wings, pad grab pao and drunken noodles, fused with a fine dining spin. The ladies grew up in Bangkok. The guys hail from Udon Thani, in Thailand’s northeast. Photo: Darren Davidson
A Tim Hortons cup is seen inside a Tim Hortons restaurant in Toronto, Friday, March 6, 2020. THE CANADIAN PRESS/Cole Burston

Tim Hortons app collected vast amounts of sensitive data: privacy watchdogs

Users had movements tracked and recorded every few minutes, even when app was not open

A Tim Hortons cup is seen inside a Tim Hortons restaurant in Toronto, Friday, March 6, 2020. THE CANADIAN PRESS/Cole Burston
Sunny days are back again for businesses feeding off Ucluelet’s Wild Pacific Trail and the other attractions of Vancouver Island’s Pacific Rim. (John McKinley photo)

`Life is getting back to normal’ for tourism on Vancouver Island’s Pacific Rim

Residents remain cautious with COVID as businesses struggle with staffing as visitors flood back

Sunny days are back again for businesses feeding off Ucluelet’s Wild Pacific Trail and the other attractions of Vancouver Island’s Pacific Rim. (John McKinley photo)
People sit on the outdoor patio at a restaurant in Little Italy during the COVID-19 pandemic in Toronto on Tuesday, March 30, 2021. Statistics Canada says restaurant and bar sales in March 2022 surpassed pre-pandemic levels. THE CANADIAN PRESS/Nathan Denette

Restaurant sales bounced back over pre-pandemic levels in March: Statistics Canada

Increase in sales coincided with surging inflation and rising food costs across the country

People sit on the outdoor patio at a restaurant in Little Italy during the COVID-19 pandemic in Toronto on Tuesday, March 30, 2021. Statistics Canada says restaurant and bar sales in March 2022 surpassed pre-pandemic levels. THE CANADIAN PRESS/Nathan Denette
Liquor servers in B.C. were paid a discounted minimum wage until June 2021. (Peace Arch News photo)

B.C. minimum wage going up to $15.65, highest among provinces

Rate tied to inflation, 2.8% increase based on 2021 prices

Liquor servers in B.C. were paid a discounted minimum wage until June 2021. (Peace Arch News photo)
Employment Minister Carla Qualtrough rises during question period, Monday, April 4, 2022, in Ottawa. The federal government has announced nearly $247 million to help create more than 25,000 new apprenticeship positions across Canada. THE CANADIAN PRESS/Adrian Wyld

Ottawa announces $247 million to create 25,000 apprenticeship positions across Canada

Government expects about 700,000 skilled trades workers to retire in Canada by 2028

Employment Minister Carla Qualtrough rises during question period, Monday, April 4, 2022, in Ottawa. The federal government has announced nearly $247 million to help create more than 25,000 new apprenticeship positions across Canada. THE CANADIAN PRESS/Adrian Wyld
A drop of maple water drips out of a spile from a tree that was just tapped at the Vanier Museopark sugar bush in Ottawa on Saturday, March 13, 2021. THE CANADIAN PRESS/Justin Tang

Maple syrup producers see climate change as a threat to industry’s future

Syrup producers are recording declining yields due to increasing global temperatures

A drop of maple water drips out of a spile from a tree that was just tapped at the Vanier Museopark sugar bush in Ottawa on Saturday, March 13, 2021. THE CANADIAN PRESS/Justin Tang
A real estate sign is pictured in Vancouver on June, 12, 2018. The regulator for British Columbia’s real estate sector has recommended that the province adopt a so-called “cooling-off” period of three business days to protect people buying a home, through legislation tabled this spring. THE CANADIAN PRESS Jonathan Hayward

B.C. financial regulator advises three-day ‘cooling-off’ period for homebuyers

B.C. Financial Services Authority: with exceptions, buyers should not be allowed to waive period

A real estate sign is pictured in Vancouver on June, 12, 2018. The regulator for British Columbia’s real estate sector has recommended that the province adopt a so-called “cooling-off” period of three business days to protect people buying a home, through legislation tabled this spring. THE CANADIAN PRESS Jonathan Hayward
During a day off from working as a Hawaii hotel housekeeper, Luz Espejo poses for a photo in her neighborhood in Honolulu on Wednesday, May 18, 2022. The hotel in the tourist mecca Waikiki where she works is among the many other hotels across the United States that are limiting daily housekeeping service, making what was already one of the toughest jobs in the hospitality industry even more grueling. (AP Photo/Jennifer Sinco Kelleher)

Housekeepers struggle as US hotels ditch daily room cleaning

Industry says it is responding to what guests want

During a day off from working as a Hawaii hotel housekeeper, Luz Espejo poses for a photo in her neighborhood in Honolulu on Wednesday, May 18, 2022. The hotel in the tourist mecca Waikiki where she works is among the many other hotels across the United States that are limiting daily housekeeping service, making what was already one of the toughest jobs in the hospitality industry even more grueling. (AP Photo/Jennifer Sinco Kelleher)
A sign opposing coal development in the eastern slopes of the Livingston range south west of Longview, Alta., Wednesday, June 16, 2021.THE CANADIAN PRESS/Jeff McIntosh

Alberta town endorses community-developed policy saying no to coal mining in Rockies

High River has joined 30 organizations in signing a document pushing prohibition of coal in Alberta

A sign opposing coal development in the eastern slopes of the Livingston range south west of Longview, Alta., Wednesday, June 16, 2021.THE CANADIAN PRESS/Jeff McIntosh
FILE - An advertisement for Bitcoin cryptocurrency is displayed on a street in Hong Kong, Thursday, Feb. 17, 2022. It’s been a wild week in crypto, even by crypto standards. Bitcoin tumbled, stablecoins were anything but stable and one of the crypto industry’s highest-profile companies lost a third of its market value. (AP Photo/Kin Cheung, File)

After digital asset crash, Canadian crypto companies look to the future

‘We were seeing a lot of good money being thrown at bad projects’

FILE - An advertisement for Bitcoin cryptocurrency is displayed on a street in Hong Kong, Thursday, Feb. 17, 2022. It’s been a wild week in crypto, even by crypto standards. Bitcoin tumbled, stablecoins were anything but stable and one of the crypto industry’s highest-profile companies lost a third of its market value. (AP Photo/Kin Cheung, File)
Last year, RCMSAR volunteers from 31 marine rescue stations across coastal and inland B.C. responded to 515 calls for help on the water, assisting and saving 455 people’s lives.

RCMSAR reminds you to ‘call for help immediately’ when facing a marine emergency

If you experience an emergency on the water, call for help immediately.…

  • May 23, 2022
Last year, RCMSAR volunteers from 31 marine rescue stations across coastal and inland B.C. responded to 515 calls for help on the water, assisting and saving 455 people’s lives.