Business Buzz


PEI destroys potato surplus
The Canadian Press - Feb 28, 2022 - Business Buzz

CHARLOTTETOWN — Farmers on Prince Edward Island say they expect to finish destroying about 136 million kilograms of potatoes by Friday when a federal-provincial program providing compensation for the destruction ends. The Island farmers were left with the huge surplus of potatoes after the discovery of potato wart in two fields last year prompted a […]

Ukrainian restaurants feel love
The Canadian Press - Feb 28, 2022 - Business Buzz

Some Ukrainian restaurants in Toronto are seeing a rush of customers amid the ongoing Russian invasion as they look to bounce back from COVID-19 restrictions. Tetyana Barylko’s family-run restaurant and bar, Barrel House Korchma, has been navigating a flood of people wanting to dine-in and order takeout over the past several days. Barylko says her […]

Offices could be in rough shape
Okanagan Edge Staff - Feb 28, 2022 - Business Buzz

When workers head back to the office in the coming months, the spaces might look similar to how they were left when the pandemic began in March 2020. But flicking on a light switch, visiting the washroom or even heading to another floor could reveal a slew of issues missed amid the health crisis. “When […]

Huge day for S&P/TSX
The Canadian Press - Feb 25, 2022 - Business Buzz

TORONTO — Canada’s main stock index had its second-best day of the year following strong bank results and hopes that the war in Ukraine will temper aggressive interest rate hikes next month. Greg Taylor, chief investment officer of Purpose Investments, said Friday’s strong market gains were a continuation of the bounce since Thursday morning. “It […]

Stores pulling Russian booze
The Canadian Press - Feb 25, 2022 - Business Buzz

TORONTO — Crown liquor stores in several Canadian provinces were pulling Russian products from their shelves Friday in light of Russia’s invasion of neighbouring Ukraine. In Ontario, Finance Minister Peter Bethlenfalvy said he was directing the Liquor Control Board of Ontario to withdraw products produced in Russia. “Ontario joins Canada’s allies in condemning the Russian […]

CIBC makes profitable moves
The Canadian Press - Feb 25, 2022 - Business Buzz

TORONTO — CIBC’s strategy of investing in its own growth has led to increased revenue and earnings from loans, fees and capital markets in the first quarter that outpaced rising expenses, chief executive Victor Dodig said Friday. The 11% revenue growth reported for the quarter ending Jan. 31 was slightly ahead of the 10% growth […]

Paid sick leave on front burner
The Canadian Press - Feb 25, 2022 - Business Buzz

OTTAWA — Labour Minister Seamus O’Regan says he plans to put paid sick leave on the agenda for a meeting with his provincial and territorial counterparts to resolve a patchwork system of policies and workplace culture that may dissuade workers from staying home when ill. In late December, Parliament gave its approval to create 10 […]

Wild day for stock markets
The Canadian Press - Feb 24, 2022 - Business Buzz

TORONTO — North American stock markets ended multi-day losing streaks Thursday by bouncing back from steep morning losses prompted by Russian military action in Ukraine, while gold and crude oil prices softened from early highs. The turnaround came as U.S. President Joe Biden announced new sanctions that fell short of what some had suggested. Les […]

RBC boss says economy strong
The Canadian Press - Feb 24, 2022 - Business Buzz

TORONTO — The head of RBC says market volatility caused by geopolitical risks shouldn’t be enough to throw off rate increases and the underlying strength of the economy. Chief executive Dave McKay’s comments Thursday come after Russia attacked Ukraine overnight, pushing markets down and creating uncertainty on the potential fallout of the unprovoked aggression. “Geopolitical […]

Retirement worries increase
The Canadian Press - Feb 24, 2022 - Business Buzz

Family time on sun-kissed beaches may feel farther away than ever—and not due to COVID-19. As worries around inflation, home prices and savings rise, Canadians are losing confidence they’ll have enough cash to retire as planned. Fewer than half hold a sturdy belief they’ll accumulate enough savings to do so. That’s partly because the average […]