Business

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
A farm tractor and baler sit in a hay field on a misty morning, ready for a day’s harvest. THE CANADIAN PRESS/Jeff McIntosh

B.C. to ease restrictions on secondary farm homes – in 2022

Agricultural Land Commission approval won’t be needed

A farm tractor and baler sit in a hay field on a misty morning, ready for a day’s harvest. THE CANADIAN PRESS/Jeff McIntosh
Tunnel boring machine works on the largest of Trans Mountain trenchless crossings, 2.6 km under Burnaby Mountain, May 2021. (Trans Mountain)

B.C. river crossing tunnels part of Trans Mountain pipeline plan

3 under North Thompson River, replacement under Coquihalla

Tunnel boring machine works on the largest of Trans Mountain trenchless crossings, 2.6 km under Burnaby Mountain, May 2021. (Trans Mountain)
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
Natural gas well pad in the rural community of Penobsquis, N.B. in 2014. B.C.’s gas development is centred on the northeast of the province, greatly expanded in recent years with development of shale gas deposits. THE CANADIAN PRESS/Andrew Vaughan

B.C. natural gas well cleanup shifts to Indigenous land sites

Court says network of wells, roads violated 1899 treaty rights

Natural gas well pad in the rural community of Penobsquis, N.B. in 2014. B.C.’s gas development is centred on the northeast of the province, greatly expanded in recent years with development of shale gas deposits. THE CANADIAN PRESS/Andrew Vaughan
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
Bjorn Dihle inspects the acid mine drainage flowing into the Tulsequah River from a containment pond filled by effluent from the Tulsequah Chief Mine in B.C., October 2018. The mine cleanup has been a point of dispute between B.C. and Alaska for many years. (Chris Miller photo)

Northwest B.C. mines safe for salmon, Alaska legislators told

Projects developed in Stikine, Taku, Unuk River watersheds

Bjorn Dihle inspects the acid mine drainage flowing into the Tulsequah River from a containment pond filled by effluent from the Tulsequah Chief Mine in B.C., October 2018. The mine cleanup has been a point of dispute between B.C. and Alaska for many years. (Chris Miller photo)
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
A tunnel boring machine drills to accommodate pipelines through Burnaby Mountain to connect to the expanded Westridge Marine Terminal, May 2021. The twinning project is a quarter completed, with active construction in Alberta and across B.C. (Trans Mountain photo)

Latest Indigenous bid for Trans Mountain backed by pipeline company

Pembina Pipeline partners on oil expansion, northwest B.C. LNG

A tunnel boring machine drills to accommodate pipelines through Burnaby Mountain to connect to the expanded Westridge Marine Terminal, May 2021. The twinning project is a quarter completed, with active construction in Alberta and across B.C. (Trans Mountain photo)
Hydrogen fuel pump in Vancouver is one of four in B.C. There were 10 stations funded by the B.C. government in 2020. (Canadian Hydrogen and Fuel Cell Association)

B.C. targets heavy trucking for next hydrogen fuel development

Mixing with natural gas part of Canada’s first hydrogen strategy

Hydrogen fuel pump in Vancouver is one of four in B.C. There were 10 stations funded by the B.C. government in 2020. (Canadian Hydrogen and Fuel Cell Association)
Victoria food service businesses such as John’s Place restaurant are still seeing patrons wearing masks, despite the lifting of mandatory mask restrictions in B.C. as part of the phase three reopening plan. (Facebook/John’s Place)

Customers still masking up at many B.C. businesses as provincial mask mandate eases

Phase three reopening plan saw change to mask rules, state of emergency declaration July 1

Victoria food service businesses such as John’s Place restaurant are still seeing patrons wearing masks, despite the lifting of mandatory mask restrictions in B.C. as part of the phase three reopening plan. (Facebook/John’s Place)
(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)
Agriculture depends on irrigation in many parts of B.C., and licences are required for using groundwater sources such as wells for agricultural or industrial use. (B.C. government photo)

B.C. farms, industry risk losing water rights as licence deadline nears

Non-domestic groundwater claims must be filed by March 2022

Agriculture depends on irrigation in many parts of B.C., and licences are required for using groundwater sources such as wells for agricultural or industrial use. (B.C. government photo)
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
Barrier protects checkout clerk at a grocery store in North Vancouver, March 22, 2020. (The Canadian Press)

B.C. businesses may still require masks as COVID-19 order lifts

Masks recommended for 70% of public not yet fully vaccinated

Barrier protects checkout clerk at a grocery store in North Vancouver, March 22, 2020. (The Canadian Press)
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