Business

PartnerStack co-founders (left to right) Luke Swanek, Jon Mendes, Neil Chudleigh and Bryn Jones are shown in a handout photo. THE CANADIAN PRESS/HO

Canadian companies seeing venture capital funding boom, interest in fintechs high

About US$2.1 billion was raised across 197 deals in the first quarter of 2021

A Suncor logo is shown at the company’s annual meeting in Calgary, Thursday, May 2, 2019.THE CANADIAN PRESS/Jeff McIntosh

Suncor Energy cuts guidance for Fort Hills due to slope instability at mine site

‘This is just a time issue, we don’t think it has any fundamental impact beyond just delaying the ramp-up of Fort Hills’

The Bank of Canada in Ottawa on Wednesday, July 14, 2021. THE CANADIAN PRESS/Sean Kilpatrick

Bank of Canada names new deputy governor, ‘temporarily’ expanding governing council

Sharon Kozicki will take on the role on Aug. 2 after serving eight years as an adviser

A house is displayed for sale in a new housing development in Ottawa on Tuesday, July 14, 2020. Canadian home prices increased in June to mark the largest 12-month gain on record as prices climbed in all 11 markets, says the Teranet National Bank composite price index. THE CANADIAN PRESS/Sean Kilpatrick
A house is displayed for sale in a new housing development in Ottawa on Tuesday, July 14, 2020. Canadian home prices increased in June to mark the largest 12-month gain on record as prices climbed in all 11 markets, says the Teranet National Bank composite price index. THE CANADIAN PRESS/Sean Kilpatrick
Pedestrians walk past Shell Canada’s headquarters before a news conference in Calgary on August 26, 2010. THE CANADIAN PRESS/Jeff McIntosh

Shell, British Columbia, Ottawa team up on clean energy centre

The Centre for Innovation and Clean Energy is expected to be open by this fall

Pedestrians walk past Shell Canada’s headquarters before a news conference in Calgary on August 26, 2010. THE CANADIAN PRESS/Jeff McIntosh
Real estate for sale signs are shown in Oakville, Ont. on Saturday, Dec.1, 2018. THE CANADIAN PRESS/Richard Buchan

CREA reports home sales down 8.4% month-over-month in June

CREA said 73,402 homes were listed in June, down 0.7 per cent from 73,912 in May

Real estate for sale signs are shown in Oakville, Ont. on Saturday, Dec.1, 2018. THE CANADIAN PRESS/Richard Buchan
Bank of Canada Governor Tiff Macklem takes part in a news conference at the Bank of Canada in Ottawa on Tuesday, Dec. 15, 2020. THE CANADIAN PRESS/Sean Kilpatrick

Bank of Canada cuts growth forecast for 2021, reduces bond-buying target

Bank now expects growth of 4.6 per cent in 2022, up from its earlier forecast of 3.7 per cent

Bank of Canada Governor Tiff Macklem takes part in a news conference at the Bank of Canada in Ottawa on Tuesday, Dec. 15, 2020. THE CANADIAN PRESS/Sean Kilpatrick
The pride flag flies following a raising ceremony on Parliament Hill Wednesday June 1, 2016 in Ottawa. THE CANADIAN PRESS/Adrian Wyld

Businesses in Canadian, American gay villages struggle amid pandemic: study

Most businesses in the villages fell under the retail, restaurant and entertainment categories

The pride flag flies following a raising ceremony on Parliament Hill Wednesday June 1, 2016 in Ottawa. THE CANADIAN PRESS/Adrian Wyld
A Porter airlines flight makes its final approach as it lands at the airport Tuesday July 2, 2019 in Ottawa. THE CANADIAN PRESS/Adrian Wyld

Porter could shake up Canadian airline industry with jet expansion from Pearson airport

Porter has placed a firm order for 30 planes and 50 purchase right options

A Porter airlines flight makes its final approach as it lands at the airport Tuesday July 2, 2019 in Ottawa. THE CANADIAN PRESS/Adrian Wyld
The Bank of Canada in Ottawa on Tuesday, Dec. 15, 2020. THE CANADIAN PRESS/Sean Kilpatrick

Bank of Canada names Carolyn Rogers as new senior deputy governor

Rogers succeeds Carolyn Wilkins as the Bank of Canada’s second-in-command

The Bank of Canada in Ottawa on Tuesday, Dec. 15, 2020. THE CANADIAN PRESS/Sean Kilpatrick
Construction workers walk up a set of stairs at Union Station during the COVID-19 pandemic in Toronto on Tuesday, May 11, 2021. THE CANADIAN PRESS/Nathan Denette

Statistics Canada says economy added 230,700 jobs in June, all part-time

More people also went looking for work in June, after giving up on the job hunt in May

Construction workers walk up a set of stairs at Union Station during the COVID-19 pandemic in Toronto on Tuesday, May 11, 2021. THE CANADIAN PRESS/Nathan Denette
In this July 6, 2021, photo a sign is seen on a sold patio furniture floor model at Valley View Farms in Cockeysville, Md. People used to go to Valley View Farms to buy five tomato plants and end up with $5,000 in patio furniture. But this year is different. After a record burst of sales in March, the showroom floor is almost empty of outdoor chairs, tables and chaises for people to buy. The garden supply store in suburban Baltimore has been waiting six months for a shipping container from Vietnam. It's full of $100,000 worth of wicker and aluminum furniture. Half of the container has already been sold by showing customers photographs. The container should have arrived in February, but it reached U.S. waters on June 3 and has yet to dock in Long Beach, Calif.(AP Photo/Julio Cortez)

Have a seat: Patio furniture shortage tells US economic tale

Supply can’t keep up with pent-up demand as inflation worries kick in

In this July 6, 2021, photo a sign is seen on a sold patio furniture floor model at Valley View Farms in Cockeysville, Md. People used to go to Valley View Farms to buy five tomato plants and end up with $5,000 in patio furniture. But this year is different. After a record burst of sales in March, the showroom floor is almost empty of outdoor chairs, tables and chaises for people to buy. The garden supply store in suburban Baltimore has been waiting six months for a shipping container from Vietnam. It's full of $100,000 worth of wicker and aluminum furniture. Half of the container has already been sold by showing customers photographs. The container should have arrived in February, but it reached U.S. waters on June 3 and has yet to dock in Long Beach, Calif.(AP Photo/Julio Cortez)
An airliner cuts through the skies over Montreal, Wednesday, Dec. 23, 2020/ Low-cost carrier Flair Airlines is expanding into the U.S. market. THE CANADIAN PRESS/Paul Chiasson

Discount carrier Flair Airlines expanding into United States this fall

New routes to U.S. travel hot spots will start between C$79 and $109 one-way

An airliner cuts through the skies over Montreal, Wednesday, Dec. 23, 2020/ Low-cost carrier Flair Airlines is expanding into the U.S. market. THE CANADIAN PRESS/Paul Chiasson
(The Canadian Press)

IPOs booming as Canadian companies refuse to let crisis deter them from going public

TMX counted 158 new listings on the exchanges as of April, while all of last year had 300 and 2019 saw 273

(The Canadian Press)
A Helijet passenger helicopter lifts off from a helipad on the harbour past gantry cranes used to load and unload container ships at the DP World terminal at port, in Vancouver, B.C., Monday, Dec. 28, 2020. THE CANADIAN PRESS/Darryl Dyck

Canada posts $1.4B trade deficit in May as imports rose and exports fell

Statistics Canada said Friday the result followed a revised surplus of $462 million in April

A Helijet passenger helicopter lifts off from a helipad on the harbour past gantry cranes used to load and unload container ships at the DP World terminal at port, in Vancouver, B.C., Monday, Dec. 28, 2020. THE CANADIAN PRESS/Darryl Dyck
A sign advising mandatory wearing of masks to prevent the spread of COVID-19 is shown in Montreal on Saturday, June 19, 2021. THE CANADIAN PRESS/Graham Hughe

Unvaccinated employees could face masks, segregation upon return to office: Experts

As workplaces begin to reopen, employers are grappling with how to keep all workers safe

A sign advising mandatory wearing of masks to prevent the spread of COVID-19 is shown in Montreal on Saturday, June 19, 2021. THE CANADIAN PRESS/Graham Hughe
Transport Minister Omar Alghabra speaks while Ottawa South MP David McGuinty looks on during a press conference at the Ottawa MacDonald-Cartier International Airport on Wednesday, June 16, 2021. The Liberal government is speeding up its goal for when it wants to see all light-duty vehicles sold in Canada to be electric.THE CANADIAN PRESS/David Kawai

Liberals say by 2035 all new cars, light-duty trucks sold in Canada will be electric

The government had set 2040 target for when it wants to see all passenger vehicles sold be electric

Transport Minister Omar Alghabra speaks while Ottawa South MP David McGuinty looks on during a press conference at the Ottawa MacDonald-Cartier International Airport on Wednesday, June 16, 2021. The Liberal government is speeding up its goal for when it wants to see all light-duty vehicles sold in Canada to be electric.THE CANADIAN PRESS/David Kawai
The Tesla car screen shows obstacles and tracks the vehicle’s movements. (Liam Harrap/Revelstoke Review)

Tesla to recall 285,000 cars in China and fix cruise control

In a message to customers on the Chinese social media platform Weibo, Tesla said ‘there are potential safety hazards in extreme cases’

The Tesla car screen shows obstacles and tracks the vehicle’s movements. (Liam Harrap/Revelstoke Review)
(Canadian Press)

‘Like a pregnancy test:’ Rapid COVID-19 tests key tool to keep virus out of offices

Workplace testing program rolled out across Canada in an effort to identify asymptomatic infections

(Canadian Press)
Vehicles for sale are seen under a protective tent at a Mazda dealership in Calgary, Thursday, July 14, 2016. THE CANADIAN PRESS/Jeff McIntosh

Some used vehicles now cost more than original sticker price

Pandemic, global shortage of computer chips have pushed U.S. prices to record levels

Vehicles for sale are seen under a protective tent at a Mazda dealership in Calgary, Thursday, July 14, 2016. THE CANADIAN PRESS/Jeff McIntosh