Business

Retro sneakers are all the rage

Business at Adidas is booming this year. If you’re wondering why, just go for a walk around town and count how many pairs of Sambas you see walking the street.

What happened: Shares in the German sports giant hit a two-year high — fully recovering from the financial tumult caused by their break-up with Kanye West in 2022 — after a smashing first quarter led by sales for its retro Samba, Gazelle, and Campus sneakers.

Shoppers pharmacists sue over shady practices

Class-action lawsuits can be a real headache, but luckily Shoppers Drug Mart executives have an unlimited supply of extra-strength Tylenol at their disposal. 

What happened: An ex-Shoppers Drug Mart pharmacist has filed a proposed class-action lawsuit against his former workplace, and its parent company Loblaw, claiming that the chain breached franchising deals by coercing pharmacists into “unsafe and unethical" behaviour.

Tim Hortons has entered the pizza game

Canadians' favourite spot for a double-double and an old fashioned glazed doughnut is trying its hand at a new endeavour: pizza. 

What happened: Today, a line of flatbread pizzas — including cheese, pepperoni, "bacon everything," and chicken Parmesan varieties — is launching at Tim Hortons locations across Canada. It’s part of the brand’s bigger push to get customers into cafes after breakfast.

Tesla slashes prices for self-driving software

Tesla is hoping that a good old-fashioned sale will get more customers to buy into the whole self-driving car thing. 

Driving the news: Tesla is slashing the price of its Full Self-Driving (FSD) software subscription from US$199 to US$99 per month in the U.S., part of a larger effort to boost customer subscriptions amid tough financial times for the EV maker. 

Best of Around the Peak

This week, we’re looking back at some of our favourite episodes of Free Lunch by The Peak.  

Rogers Centre gets revamped

The Jays might have a losing record right now, but their stadium is turning into a real winner.

Driving the news: Toronto Blue Jays fans got their first taste of the latest Rogers Centre renos this week. Those seated in the 100-level bowl experienced cushier, wider seats (with cupholders!) and a better view of home plate. 

Canada has an accountant crisis

As if tax season wasn’t stressful enough, Canada is also dealing with an accountant shortage.

Driving the news: Canadian finance and accounting hiring managers are feeling overtaxed this tax season, with 90% reporting that they are experiencing challenges due to a widespread accountant shortage, according to a new survey by Robert Half. 

It’s a good day to be a crab

Crab fishers in Newfoundland and Labrador are sick and tired of being pinched — not by crabs, but by what they feel are unfair industry pricing practices. 

What happened: Crab fishing season officially began in Newfoundland last weekend, but fishers who are members of the Fish, Food and Allied Workers Union (FFAW) are staying on dry land, protesting a crab pricing system they feel makes it impossible to earn a living.

RBC fires CFO over personal relationship

While RBC has been focused on formalizing its new relationship with HSBC, a secret relationship among the bank’s highest ranks has shaken up the executive team.

What happened: Nadine Ahn, the now former CFO of Canada’s biggest bank, was fired after an investigation revealed that she had an undisclosed relationship with another high-ranking employee. The relationship reportedly led to special treatment, like raises and promotions.

Explain It Like I'm Five: Made-for-advertising websites

Made-for-advertising (MFA) sites are crammed with as many ads as possible, drawing in visitors with spammy clickbait, fake news, and conspiracy content.