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The RCMP struggles to go electric

Turns out, converting North America's largest fleet of police cars into electric vehicles is easier said than done. Who could have guessed? 

Driving the news: The RCMP is currently field-testing two Teslas — one on B.C.’s West Shore and the other on the grounds at Rideau Hall in Ottawa — as the national police service tries to replace as many of its ~12,000 vehicles as possible with zero-emissions options by 2035.

Shein and Temu imports are overwhelming

Online bargain bin giants like Shein and Temu have benefitted from long-standing tax breaks forgoing duties on foreign packages under a certain price threshold, but that might soon end. 

What happened: Germany has backed a proposal that would end an EU tax exemption for parcels under €150 entering Europe from foreign countries.

Cheaper WestJet fares, no carry-on included

Air travel is starting to feel more and more like building a Chipotle bowl: If you want the good stuff, it’s going to cost you. 

What happened: WestJet is the latest airline to lean into unbundling airfares, a pricing model that keeps base fares low for budget customers but offers customizable (and pricey) add-ons, like seat selection, checked bags, and meals for those looking to pay a li’l more.  

Alberta’s got a firefighter problem

As Alberta braces for another wildfire season, alarm bells are ringing about the crew being sent out to fight them. 

Driving the news: The province is struggling to retain its seasonal firefighters, a problem that has left largely inexperienced crews fighting increasingly frequent and intense wildfires. 

The next big investing trend is “low risk”

You know what they say on Bay Street: If you can’t meet expectations, just lower ’em. 

Driving the news: The Canada Pension Plan Investment Board (CPPIB), which invests money on behalf of Canadians who contribute to the Canada Pension Plan (CPP), reported an 8% annual return last year, but still fell nearly 12 percentage points short of its benchmark. 

Is Lululemon stretched too thin?

What do 13-year-old girls, finance bros, and Team Canada have in common? You can find them all decked out in Lululemon… in schoolyards, by water coolers, and at the Olympics. 

But in the last year, the seemingly unstoppable Canadian athleisure brand hit a hard patch, from slowing sales to inventory problems to an investigation into greenwashing claims. Just this week, the company said its chief product officer was leaving, sending shares down ~7%. 

Boeing sets up shop in Montréal facility

Québec’s new aerospace hub just locked in a pretty big-name tenant.

Driving the news: Boeing is contributing $240 million to a new aerospace innovation zone in the Montréal area, a hub where it will also become the anchor tenant. The investment will support multiple projects, including electric flying prototypes and advanced landing gear.

Ontario’s booze feud

A multimillion-dollar dispute between the Liquor Control Board of Ontario and… well, liquor, might complicate your summer patio plans. 

Driving the news: An industry group representing summer cocktail fixtures like Crown Royal, Bacardi, and Aperol says some products could be pulled from Ontario liquor store shelves as its brands face over $100 million in fines from the province’s alcohol retailer. 
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