Business

Struggling outdoor equipment retailer MEC opposes efforts to pause sale to Kingswood

MEC said it’s urgent for the sale to close before the retailer sees ‘significant weekly cash flow losses’

Hiring marginalized workers could jump-start economy, boost incomes by $5K: Deloitte

The report, which looks to predict Canada’s economy in 2030, suggests that the country will need more workers

Canadian ski resorts wrestle with pandemic-vs.-profit dilemma as COVID-19 persists

Few are actually restricting the total number of skiers they allow on the hill

Airlines demand ‘concrete plan’ for financial aid after throne speech hints at relief

Canadian airline revenues in 2020 will fall by $14.6 billion or 43 per cent from last year

Global Business Forum conference in Banff goes ahead with COVID-19 adjustments

Lois Mitchell says there’s no intent to ever duplicate the format in future years

With trick-or-treating in doubt, experts say Halloween sales could be weak

Halloween sales could also serve as an indicator for what retailers might expect this Christmas

Shopify says two ‘rogue’ employees involved in data breach to obtain customer records

Shopify says it doesn’t have evidence at this point in the investigation that the data was used

WestJet offers refunds to passengers with cancelled European flights

WestJet is contacting guests with eligible flights who had already accepted travel credit

Consumer price index in August hits 0.1 per cent, Statistics Canada says

The average economist estimate had been for a year-over-year increase of 0.4 per cent for August

Mountain Equipment Co-op to be sold to private corporation

Vancouver-based MEC transition is from co-operative structure to a subsidiary of Kingswood Capital Management

Bank of Canada keeps key interest rate target on hold but warns of ‘slow, choppy’ recovery

The bank says its key rate will stay at near-zero until economic slack is absorbed

Uber unveils Canadian commitments to reach goal of being emission-free by 2040

Uber’s commitments come as the ride-hailing business has slumped in several markets during the COVID-19 pandemic

Canada’s economic optimism crippled by pandemic, Pew poll suggests

The Pew report documents an unsurprisingly dismal outlook for the world’s economic prospects

Canadians filed more than 8,000 complaints about airlines to agency since March

Canadian airlines have typically offered flight credit valid for two years after they cancel a trip

Ikea joins growing list of stores with mandatory mask policy

People unable to wear a mask for medical reasons, as well as children under the age of two, are exempt from policy

Media study says hundreds of Canadian radio stations, TV outlets risk closure

Radio stations may be hardest hit in the short term, the report suggests

City-centre businesses mount slower recovery than rural areas, CFIB says

Data shows 22 per cent of businesses polled in urban cores are at normal levels of sales compared to 37 per cent in rural areas

‘Real jobs, real recovery’ needed after COVID-19, resource industries say

Report seeks changes to Indian Act for Indigenous participation

Better Business Bureau issues warnings over billing for weight loss app Noom

Bureau warned customers to read terms carefully when they sign up for a free trial, especially for health and wellness apps.