Business

Copies of Postmedia-owned newspapers the Vancouver Sun and The Province are displayed at a store in Burnaby, B.C., on Tuesday January 19, 2016. THE CANADIAN PRESS/Darryl Dyck

Postmedia to end Monday print edition of nine urban daily newspapers

Vancouver Sun, The Province among those publications impacted

Copies of Postmedia-owned newspapers the Vancouver Sun and The Province are displayed at a store in Burnaby, B.C., on Tuesday January 19, 2016. THE CANADIAN PRESS/Darryl Dyck
The corporate logo of Teck Resources Limited is shown. THE CANADIAN PRESS/HO

Teck Resources cutting steelmaking coal sales guidance after equipment failure

Elkview operations could be interrupted for one to two months while the repairs are made

The corporate logo of Teck Resources Limited is shown. THE CANADIAN PRESS/HO
FILE - In this Thursday, Sept. 20, 2018 photo, a cleaning lady works in an apartment located on Airbnb in Paris. Airbnb hosts are facing an onslaught of frustrations born of renting out their properties to short-term guests. Certain guests have proven disrespectful of hosts’ homes, with some squatting illegally — and getting away with it — and others trashing properties with Silly String, feces and more. (AP Photo/Thibault Camus, file)

Airbnb hosts are sick of Airbnb, too

As criticisms grow, the question is being asked: is Airbnb itself the problem — or are the guests?

FILE - In this Thursday, Sept. 20, 2018 photo, a cleaning lady works in an apartment located on Airbnb in Paris. Airbnb hosts are facing an onslaught of frustrations born of renting out their properties to short-term guests. Certain guests have proven disrespectful of hosts’ homes, with some squatting illegally — and getting away with it — and others trashing properties with Silly String, feces and more. (AP Photo/Thibault Camus, file)
A woman shops for produce at the Granville Island Market in Vancouver, on Wednesday, July 20, 2022. Food inflation remains stubbornly high in Canada as grocery prices climbed at the fastest clip in more than four decades last month. THE CANADIAN PRESS/Darryl Dyck

Grocery prices in Canada continue meteoric ascent, rising at fastest pace since 1981

As overall inflation moderated in August, cost of food rose 10.8 per cent compared to a year ago

A woman shops for produce at the Granville Island Market in Vancouver, on Wednesday, July 20, 2022. Food inflation remains stubbornly high in Canada as grocery prices climbed at the fastest clip in more than four decades last month. THE CANADIAN PRESS/Darryl Dyck
Wendy McCulloch (third from the left), Executive Director of Community Futures British Columbia, and Naina Sloan (third from the right), Vice President of programs and partners with the Pacific Economic Development Canada, with representatives of the communities receiving a portion of the funding. (Zachary Delaney)

Feds kick in $5.5 million to help B.C. mitigate economic effects of disasters

Funds given to Community Futures British Columbia to distribute to small business and non-profits

Wendy McCulloch (third from the left), Executive Director of Community Futures British Columbia, and Naina Sloan (third from the right), Vice President of programs and partners with the Pacific Economic Development Canada, with representatives of the communities receiving a portion of the funding. (Zachary Delaney)
A plane is silhouetted as it takes off from Vancouver International Airport in Richmond, B.C., Monday, May 13, 2019. Trends show that Canadian travelers are ready to visit top sun destinations and predict a busy upcoming travel season. THE CANADIAN PRESS/Jonathan Hayward

Travel industry braces for busy winter season as Canadian travellers ready for sun

Experts predict air fare price spike for fall and winter flights as demand returns

A plane is silhouetted as it takes off from Vancouver International Airport in Richmond, B.C., Monday, May 13, 2019. Trends show that Canadian travelers are ready to visit top sun destinations and predict a busy upcoming travel season. THE CANADIAN PRESS/Jonathan Hayward
Softwood lumber is pictured in Richmond, B.C., Tuesday, April 25, 2017. Canfor Corp. is temporarily cutting production in British Columbia due to what it says are challenging market conditions. THE CANADIAN PRESS/Jonathan Hayward

Canfor temporarily reducing production capacity in B.C. due to market conditions

Lumber producer says it is taking a two-week curtailment at a majority of its mills

Softwood lumber is pictured in Richmond, B.C., Tuesday, April 25, 2017. Canfor Corp. is temporarily cutting production in British Columbia due to what it says are challenging market conditions. THE CANADIAN PRESS/Jonathan Hayward
Pipes leading to a processing unit at Suncor Fort Hills facility in Fort McMurray, Alta., Monday, Sept. 10, 2018. Proponents of imposing a windfall tax on the Canadian oil and gas industry now have another global power setting precedent for the policy. THE CANADIAN PRESS/Jason Franson

Advocates of windfall tax on oil and gas sector can now point to EU for inspiration

EU’s tax would redirect about 140 million euros in revenue a year

Pipes leading to a processing unit at Suncor Fort Hills facility in Fort McMurray, Alta., Monday, Sept. 10, 2018. Proponents of imposing a windfall tax on the Canadian oil and gas industry now have another global power setting precedent for the policy. THE CANADIAN PRESS/Jason Franson
Bank towers are shown from Bay Street in Toronto’s financial district on Wednesday, June 16, 2010. Canada is banking on newcomers to help keep the economy humming along, while banks themselves are eying the hundreds of thousands of people coming to the country every year as a key source of client growth. THE CANADIAN PRESS/Adrien Veczan

Canadian banks look to newcomers as key source of client growth

Some banks forming partnerships with international ones to make transitioning to Canada easier

Bank towers are shown from Bay Street in Toronto’s financial district on Wednesday, June 16, 2010. Canada is banking on newcomers to help keep the economy humming along, while banks themselves are eying the hundreds of thousands of people coming to the country every year as a key source of client growth. THE CANADIAN PRESS/Adrien Veczan
Doormen work at the Royal York Hotel in Toronto on Thursday, June 3, 2010. Real estate firm CBRE says Canadian hotels will return to pre-pandemic revenues next year, two years ahead of its previous forecast. THE CANADIAN PRESS/Adrien Veczan

Hotels to rebound to pre-pandemic revenues in 2023, two years ahead of forecast: CBRE

Canadian hotels should end 2022 at 92 per cent of the revenue per available room achieved in 2019

Doormen work at the Royal York Hotel in Toronto on Thursday, June 3, 2010. Real estate firm CBRE says Canadian hotels will return to pre-pandemic revenues next year, two years ahead of its previous forecast. THE CANADIAN PRESS/Adrien Veczan
Trevali Mining Corp. logo is seen in this undated photo. Trevali Mining Corp. says its president and chief executive, as well as its chief operating officer, have both resigned.THE CANADIAN PRESS/HO, Trevali Mining Corp. *MANDATORY CREDIT*

Trevali CEO resigns as embattled B.C. miner in creditor protection

Firm has been dealing with flooding disaster at its Perkoa Mine that killed eight workers

Trevali Mining Corp. logo is seen in this undated photo. Trevali Mining Corp. says its president and chief executive, as well as its chief operating officer, have both resigned.THE CANADIAN PRESS/HO, Trevali Mining Corp. *MANDATORY CREDIT*
Patrons dine on a patio on King Street in Toronto, Tuesday, September 28, 2021. A new report says restaurants in Canada are ushering in higher prices, shorter menus, smaller portion sizes and reduced hours in a bid to survive inflation and labour shortages.THE CANADIAN PRESS/Evan Buhler

Restaurants usher in higher prices, smaller portion sizes as costs rise, report says

Industry report says half the country’s eateries operating at a loss or just breaking even

Patrons dine on a patio on King Street in Toronto, Tuesday, September 28, 2021. A new report says restaurants in Canada are ushering in higher prices, shorter menus, smaller portion sizes and reduced hours in a bid to survive inflation and labour shortages.THE CANADIAN PRESS/Evan Buhler
Delegates at the 2022 Union of British Columbia Municipalities in Whistler considered several resolutions on housing Thursday morning. (Photo courtesy of Union of British Columbia Municipalities)

UBCM calls for review of speculation tax, more control over short-term rentals

A Victoria resolution to explore vacancy control failed narrowly at annual municipal convention

Delegates at the 2022 Union of British Columbia Municipalities in Whistler considered several resolutions on housing Thursday morning. (Photo courtesy of Union of British Columbia Municipalities)
RAD Torque Systems in Abbotsford held a ribbon-cutting event on Thursday (Sept. 15) for its new manufacturing facility on Marshall Road. Pictured are (from left) Darien Provost, technical sales support; Dan Provost, president and founder: and deputy mayor Ross Siemens. (Submitted photo)

RAD Torque opens new manufacturing facility in Abbotsford

Eight small buildings consolidated into one on Marshall Road

RAD Torque Systems in Abbotsford held a ribbon-cutting event on Thursday (Sept. 15) for its new manufacturing facility on Marshall Road. Pictured are (from left) Darien Provost, technical sales support; Dan Provost, president and founder: and deputy mayor Ross Siemens. (Submitted photo)
(Black Press Media Creative)

Air Canada signs deal to buy 30 electric-hybrid aircraft from Heart Aerospace

Capable of carrying 30 passengers, the planes are expected to enter service in 2028

(Black Press Media Creative)
A person walks by a row of houses in Toronto on Tuesday July 12, 2022. The federal government’s newly announced inflation relief for low-income Canadians through the goods and services tax rebate stacks up as better policy than some of the cash payments issued by provinces, economists say.THE CANADIAN PRESS/Cole Burston

Temporary boost to GST rebate appropriate amid high inflation: economists

Analyst says a permanent change in how indexation is calculated is necessary

A person walks by a row of houses in Toronto on Tuesday July 12, 2022. The federal government’s newly announced inflation relief for low-income Canadians through the goods and services tax rebate stacks up as better policy than some of the cash payments issued by provinces, economists say.THE CANADIAN PRESS/Cole Burston
After 44 years in the media industry, White Rock resident Rick O’Connor has retired from his role as CEO of Black Press Media – but says he still plans to be involved in the community, and the continuing development of the news industry. Alex Browne photo

Black Press Media CEO Rick O’Connor retires after 44-year career in news business

Former president and CEO of newspaper group reflects on a long and varied career in media

After 44 years in the media industry, White Rock resident Rick O’Connor has retired from his role as CEO of Black Press Media – but says he still plans to be involved in the community, and the continuing development of the news industry. Alex Browne photo
Prime Minister Justin Trudeau tours a rental housing development in Vancouver, Monday, Feb. 11, 2019. The federal government is hoping to help more Canadians become homeowners through a new rent-to-own initiative, but experts are warning it may not be the best pathway for everyone. THE CANADIAN PRESS/Jonathan Hayward

Rent-to-own can help create homeowners, but experts say may not be best for everyone

Liberals plan a $200-million investment in a five-year rent-to-own program

Prime Minister Justin Trudeau tours a rental housing development in Vancouver, Monday, Feb. 11, 2019. The federal government is hoping to help more Canadians become homeowners through a new rent-to-own initiative, but experts are warning it may not be the best pathway for everyone. THE CANADIAN PRESS/Jonathan Hayward
Employees wearing protective equipment work at a semiconductor production facility during a government organized tour for journalists in Beijing, on May 14, 2020. Canada’s technology industry says flaring tensions between China and Taiwan are reminding companies how important it is to seek a broader range of sources for semiconductors, and to invest in the sector. THE CANADIAN PRESS/AP, Mark Schiefelbein

Taiwan-China tensions a reminder to tech: diversify chip manufacturers

Chips power electronics ranging from iPhones to Lockheed-Martin fighter jets

Employees wearing protective equipment work at a semiconductor production facility during a government organized tour for journalists in Beijing, on May 14, 2020. Canada’s technology industry says flaring tensions between China and Taiwan are reminding companies how important it is to seek a broader range of sources for semiconductors, and to invest in the sector. THE CANADIAN PRESS/AP, Mark Schiefelbein
Travelers are photographed at Toronto Pearson International Airport, on Thursday, December 16, 2021. New Air Passenger Protection Regulations go into effect this week. THE CANADIAN PRESS/Tijana Martin

New air passenger protection rules come into effect Thursday

Canada closes loophole that left some unable to secure refunds after pandemic-related cancellations

Travelers are photographed at Toronto Pearson International Airport, on Thursday, December 16, 2021. New Air Passenger Protection Regulations go into effect this week. THE CANADIAN PRESS/Tijana Martin
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