Category: Bussines
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Ransomware, disease and ‘ultra low-cost retailers’: Why 3 iconic Canadian clothing stores went broke
For three weeks in November and December 2021, iconic Canadian clothing chains Bootlegger, Cleo and Ricki’s found themselves paralyzed — staring down the barrel of the “critical holiday season” but prevented by ransomware from moving inventory. The attack occurred on Nov. 23, but the businesses weren’t able to regain access to their internal systems until Dec.…
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With glowing hearts, B.C. flag maker sees sales rise amid U.S. tariff threats
A flag manufacturer in British Columbia says it is seeing a spike in sales of Canadian flags amid threats of U.S. tariffs, including a rise in orders from south of the border. Julia Izadi of Flying Colours International said February is often a time when the company restocks flags and plans ahead for Canada Day on…
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The GST holiday ends on Saturday. Did it make a difference for shoppers and businesses?
With the two-month GST holiday wrapping on Saturday, shoppers and small businesses across Canada are weighing whether the tax break made a meaningful difference — and the verdicts are mixed. The federal government imposed the temporary tax break on Dec. 14, 2024, applying it to restaurant meals, some alcohol, children’s toys and clothing, magazines, newspapers and…
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WestJet signs deal with Lufthansa Technik for maintenance facility at Calgary airport
WestJet has announced a multibillion-dollar, long-term commercial agreement with German aircraft services firm Lufthansa Technik to build a new engine repair station in Calgary. Lufthansa Technik will establish and operate the aircraft engine maintenance facility at the Calgary airport to service WestJet’s approximately 50 Boeing 737 Max airplanes, which WestJet says make up around a quarter…
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Can Canada just build its own cars? Experts say no — here’s why, and what we could do instead
President Donald Trump’s threats of tariffs on Canadian products entering the U.S. and his planned imposition of tariffs on imported steel and aluminum have triggered alarm in the Canadian auto sector, with experts warning of possible work stoppages and supply chain disruptions. But experts say building cars in Canada for the Canadian market isn’t the…
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Air Canada was ordered to pay a passenger $2,000 for delayed luggage. Instead, it’s taking him to court
Alaa Tannous was pleased when the Canadian Transportation Agency (CTA) ordered Air Canada to pay him $2,079 for delayed luggage, following a flight he and wife, Nancy, took from Toronto to Vancouver in 2022. “I felt it’s fair,” said Tannous, who had waited more than two years for the CTA’s decision. But instead of receiving a…
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Igloo recalls more than 1M coolers after handle hazard causes fingertip amputations
Igloo is recalling more than 1 million of its coolers sold across Canada, the U.S. and Mexico due to a handle hazard that has resulted in fingertip injuries, including some amputations. The now-recalled “Igloo 90 Qt. Flip & Tow Rolling Coolers” have a tow handle that can pinch users’ fingertips against the product — posing…
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VideoA global shortage of Guinness is bad news for St. John’s pub ownersFebruary 12
VideoA global shortage of Guinness is bad news for St. John’s pub ownersFebruary 12 Source link
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Honda-Nissan merger talks end | CBC News
Japanese automakers Honda, Nissan and Mitsubishi said Thursday they are ending talks on business integration. Nissan chief executive Makoto Uchida said the talks had changed focus from setting up a joint holding company to making Nissan a subsidiary of Honda. “The intent was to join forces to win in the global competition, but this was not…
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Canada’s GDP level would take permanent hit from drawn-out trade war with U.S., says BoC summary
The Bank of Canada’s governing council felt that a protracted trade conflict with the U.S. would permanently shrink the level of domestic GDP, the minutes of a policy decision meeting showed on Wednesday. The central bank trimmed its key policy rate by 25 basis points to three per cent on Jan. 29, its sixth reduction in a…