Business

Bank buildings are photographed in Toronto’s financial district on June 27, 2018. As inflation tops eight per cent, anyone with money in the bank is seeing their savings drip away at the fastest rate on record because deposit interest rates, still largely languishing at around one per cent, haven’t kept up. THE CANADIAN PRESS/Tijana Martin
Bank buildings are photographed in Toronto’s financial district on June 27, 2018. As inflation tops eight per cent, anyone with money in the bank is seeing their savings drip away at the fastest rate on record because deposit interest rates, still largely languishing at around one per cent, haven’t kept up. THE CANADIAN PRESS/Tijana Martin
The Elkview SRF is right in the middle of Teck’s Elkview operations near Sparwood, B.C., which is fully operational. (Scott Tibballs / The Free Press)

Teck’s Elk Valley coal mines make bank in Q2

The company’s coal division accounted for $2.5 billion of Teck’s $3.2 billion in quarterly gross profits

The Elkview SRF is right in the middle of Teck’s Elkview operations near Sparwood, B.C., which is fully operational. (Scott Tibballs / The Free Press)
Rogers Communications Inc. signage is pictured in Ottawa on Tuesday, July 12, 2022. The company released its second quarter 2022 results today. THE CANADIAN PRESS/Sean Kilpatrick

Rogers extends deadline to close $26-billion takeover of Shaw to Dec. 31

Deal still needs approval from competition bureau and economic development department

Rogers Communications Inc. signage is pictured in Ottawa on Tuesday, July 12, 2022. The company released its second quarter 2022 results today. THE CANADIAN PRESS/Sean Kilpatrick
Shopify Inc. says it will layoff 10 per cent of its workforce because the company misjudged the growth of e-commerce. Shopify Inc. headquarters signage in Ottawa on Tuesday, May 3, 2022. THE CANADIAN PRESS/Sean Kilpatrick
Shopify Inc. says it will layoff 10 per cent of its workforce because the company misjudged the growth of e-commerce. Shopify Inc. headquarters signage in Ottawa on Tuesday, May 3, 2022. THE CANADIAN PRESS/Sean Kilpatrick
A Sunwing aircraft is parked at Montreal Trudeau airport in Montreal on Wednesday, March 2, 2022. Unifor says the Canadian government should block the WestJet Group’s takeover of Sunwing Airlines Inc. unless it can guarantee job creation and investments in workers. THE CANADIAN PRESS/Paul Chiasson

Unifor pushes for job guarantees in federal review of Westjet’s takeover of Sunwing

Union concerned acquisition will create lower wages, job instability

A Sunwing aircraft is parked at Montreal Trudeau airport in Montreal on Wednesday, March 2, 2022. Unifor says the Canadian government should block the WestJet Group’s takeover of Sunwing Airlines Inc. unless it can guarantee job creation and investments in workers. THE CANADIAN PRESS/Paul Chiasson
Tony Staffieri speaks at the Rogers annual general meeting in Toronto on Monday, April 23, 2013. THE CANADIAN PRESS/Matthew Sherwood

Rogers pursuing deal with competitors to juggle 911 calls in case of outage

July 8 outage left millions unable to use phone for emergency services

Tony Staffieri speaks at the Rogers annual general meeting in Toronto on Monday, April 23, 2013. THE CANADIAN PRESS/Matthew Sherwood
The House of Commons industry committee will hold two hearings today about the Rogers outage that lasted more than 15 hours and left millions of Canadians in a communications blackout. People use Starbucks’ provided WIFI at a store in Toronto amid a nationwide Rogers outage, affecting many of the telecommunication company’s services, Friday, July 8, 2022. THE CANADIAN PRESS/Cole Burston
The House of Commons industry committee will hold two hearings today about the Rogers outage that lasted more than 15 hours and left millions of Canadians in a communications blackout. People use Starbucks’ provided WIFI at a store in Toronto amid a nationwide Rogers outage, affecting many of the telecommunication company’s services, Friday, July 8, 2022. THE CANADIAN PRESS/Cole Burston
Some of Givex’s systems allow customers to order via devices at their table, and COO Graham Campbell says these time-saving tools can allow servers to focus on more important customer interactions. (Photo: Givex).

COO says tech is a solution to low staffing woes for B.C. restaurants

Most hospitality businesses expect challenges as B.C. unemployment rate is 4.6 per cent

Some of Givex’s systems allow customers to order via devices at their table, and COO Graham Campbell says these time-saving tools can allow servers to focus on more important customer interactions. (Photo: Givex).
NIC instructor Victoria Lake (left) looks on as students Olivia Shewish (centre) and Charley Frow (right) in the Seafood Processing Training Program measure oysters. Students learn about food safety and forklift training, as well as shellfish and finfish cleaning, safety and processing. Both students have now finished their training and are working for Canadian Seafood Processing Incorporated. (PHOTO COURTESY NIC)

New North Island College training program focuses on food security in Port Alberni

Program formed thanks to a partnership with city, regional district, port authority

NIC instructor Victoria Lake (left) looks on as students Olivia Shewish (centre) and Charley Frow (right) in the Seafood Processing Training Program measure oysters. Students learn about food safety and forklift training, as well as shellfish and finfish cleaning, safety and processing. Both students have now finished their training and are working for Canadian Seafood Processing Incorporated. (PHOTO COURTESY NIC)
Squamish B.C. landscape (pixabay.com photo)

Visitors urged to love Sea-to-Sky region, but @dontloveittodeath

Awareness campaign aims to get residents thinking about litter, environment degradation and more

Squamish B.C. landscape (pixabay.com photo)
Former golf instructor Bill Flower has found a new passion, driving a pedicab. (Submitted photo)

Vancouver Island golf instructor Bill Flower stops driving… and starts driving

Shoulder woes rob former golf pro of one career, strong knees power a new one, Parksville Pedicab

Former golf instructor Bill Flower has found a new passion, driving a pedicab. (Submitted photo)
A pair of U.S. senators say tariff relief on imports from Canada would take inflationary pressure off the U.S. housing market. (file)

Let’s make a deal with Canada on softwood, U.S. senators urge Biden administration

About 30 per cent of the timber used in the U.S. comes from Canada

A pair of U.S. senators say tariff relief on imports from Canada would take inflationary pressure off the U.S. housing market. (file)
Softwood lumber is pictured along the Fraser River in Richmond, B.C., Tuesday, April 25, 2017. THE CANADIAN PRESS/Jonathan Hayward

West Fraser Timber shuts down takeover report; shares spike

Company says it has not received a proposal and there are no ongoing discussions

Softwood lumber is pictured along the Fraser River in Richmond, B.C., Tuesday, April 25, 2017. THE CANADIAN PRESS/Jonathan Hayward
The union representing more than 700 WestJet employees at airports in Calgary and Vancouver say they have voted to support a strike if they cannot reach a new contract with the airline. Westjet employees wearing masks wait for passengers at the Calgary Airport in Calgary, Alta., Friday, Oct. 30, 2020. THE CANADIAN PRESS/Jeff McIntosh

WestJet employees in Calgary and Vancouver back strike vote if deal can’t be reached

Unifor says wages are a key issue in the contract talks as strike vote see 98 per cent in favour

The union representing more than 700 WestJet employees at airports in Calgary and Vancouver say they have voted to support a strike if they cannot reach a new contract with the airline. Westjet employees wearing masks wait for passengers at the Calgary Airport in Calgary, Alta., Friday, Oct. 30, 2020. THE CANADIAN PRESS/Jeff McIntosh
The Lheidli T’enneh First Nation will have exclusive timber harvesting rights to an estimated 217,312 hectares within the Nation’s territories east of Prince George (contributed photo).

217,000-hectare deal near Prince George creates B.C.’s largest First Nations woodland

Lheidli T’enneh First Nation license will see greater forest stewardship benefits and harvesting rights

The Lheidli T’enneh First Nation will have exclusive timber harvesting rights to an estimated 217,312 hectares within the Nation’s territories east of Prince George (contributed photo).
The Kispiox First Nation has reached an agreement with the province of B.C. to pursue commercial cannabis opportunities. (file photo)

B.C.’s Kispiox First Nation strikes deal for commercial cannabis operation

Northwest-based First Nation have entered a new agreement with the province

The Kispiox First Nation has reached an agreement with the province of B.C. to pursue commercial cannabis opportunities. (file photo)
The 2024 Chevrolet SS EV is shown in Warren, Mich., Tuesday, July 12, 2022. (AP Photo/Paul Sancya)

American automakers targeting average households with new crop of EVs

In their first rollouts of electric vehicles, America’s automakers targeted people who…

The 2024 Chevrolet SS EV is shown in Warren, Mich., Tuesday, July 12, 2022. (AP Photo/Paul Sancya)
Port Alberni Mayor Sharie Minions, left, Janis Joseph, centre, on behalf of the Alberni Valley Chamber of Commerce, presents Greg Willmon of Lady Rose Marine Services with a 2022 Business Investment award. Willmon purchased the business nearly a year ago. (SUSAN QUINN/ Alberni Valley News

Lady Rose Marine Services adds Sunday run to Bamfield

Business is approaching pre-pandemic levels after nine months with new owners

Port Alberni Mayor Sharie Minions, left, Janis Joseph, centre, on behalf of the Alberni Valley Chamber of Commerce, presents Greg Willmon of Lady Rose Marine Services with a 2022 Business Investment award. Willmon purchased the business nearly a year ago. (SUSAN QUINN/ Alberni Valley News
A man pumps gas in Montreal, Friday, March 4, 2022. Statistics Canada will release consumer price index data for June on Wednesday, a week after the Bank of Canada raised its key interest rate by a full percentage point as it continues its battle against high inflation.THE CANADIAN PRESS/Graham Hughes
A man pumps gas in Montreal, Friday, March 4, 2022. Statistics Canada will release consumer price index data for June on Wednesday, a week after the Bank of Canada raised its key interest rate by a full percentage point as it continues its battle against high inflation.THE CANADIAN PRESS/Graham Hughes
A loonie coin is pictured in North Vancouver, B.C. in April, 2014. It used to be said that a penny saved was a penny earned, but rising prices helped push out the penny years ago, and with inflation now running at well over seven per cent, it’s eating into every nickel and dime. THE CANADIAN PRESS/Jonathan Hayward

The complex and sometimes controversial task of counting how far a dollar goes

“It’s a very, very tough concept to measure,” said Derek Holt, head of capital markets at Scotiabank

A loonie coin is pictured in North Vancouver, B.C. in April, 2014. It used to be said that a penny saved was a penny earned, but rising prices helped push out the penny years ago, and with inflation now running at well over seven per cent, it’s eating into every nickel and dime. THE CANADIAN PRESS/Jonathan Hayward