All Business stories

How a Canadian startup fits into Apple’s AI goals

Apple’s latest stealthy acquisition brings a Canadian startup into AI plans that are slowly coming into focus.

Nestlé’s future may involve healthier snacks

In a reversal of the famous slogan, Nestlé’s shareholders are telling the company to take a break from the KitKats. 

Driving the news: Nestlé is facing demands from its shareholders to sell more nutritious foods. The coalition is led by a responsible investing charity that has criticized the world’s biggest food maker for relying too “heavily on sales of less healthy foods.”

Do suits still suit Canada’s menswear sector?

As ‘athleisure’ and ‘quiet luxury’ continue to dominate fashion trends, one Canadian menswear store that made its name with formalwear is trying to keep up with the times.

What happened: The historic Canadian men’s clothier Harry Rosen is launching a five-year, $50 million plan to overhaul its stores across Canada, including making stores better suited (lol) for online pick-ups, condensing display spaces, and showcasing newer, trendier labels.

Loblaw lays down new security measures

If you thought the security line was bad at Toronto’s Pearson Airport, wait until you see the queue of customers just trying to leave your local Loblaws. 

Driving the news: Loblaw-owned grocery stores, including Superstore and Zehrs, are now testing receipt scanning systems at four locations in Ontario, part of the company’s efforts to beef up security as thefts at grocery stores and retailers rise across Canada. 

The billionaires are fighting about AI again

Most online arguments are pretty easy to ignore, but sometimes the arguments are about how to spend billions of dollars on a world-changing technology.

Canada’s tourism industry has a China-sized hole

Niagara Falls, the CN Tower, and even the world’s largest coffee pot aren’t enough to lure Chinese tourists back to Canada.

Driving the news: Last year, only 225,100 Chinese visitors came to Canada, down from ~750,000 tourists seen before the pandemic, according to recent StatCan data. The loss in the big-spending Chinese market is a blow for Canada's still-recovering tourism industry. 

Surge pricing could be coming to restaurants despite Wendy’s backlash

The plan to bring the excitement of day trading to the experience of buying a Baconator didn’t pan out for Wendy’s, but the concept could be coming to more restaurants soon. 

Driving the news: Wendy’s backtracked on its plan to implement so-called surge pricing into its fast-food joints, but some in the restaurant industry say dynamic pricing — where prices fluctuate frequently based on demand — could soon become commonplace.

Newspapers could help shippers go the extra (last) mile

As anyone who reluctantly hits the treadmill knows, the last mile is always the hardest. That’s also true of parcel delivery. 

What happened: Calgary-based Ziing — focused on solutions for “last-mile delivery,” the final leg of package delivery — is acquiring newspaper publisher Torstar’s parcel-delivery unit for an undisclosed amount. The deal will give Ziing an extra ~30,000 weekly deliveries.

Canada’s IPO drought celebrates one-year anniversary

The last time the IPO market in Canada was this bad, the sitcom Friends debuted, Forrest Gump hit theatres, and a guy named Jeff Bezos launched a little book shop called Amazon. 

Driving the news: It’s been one year since the Toronto Stock Exchange saw its last initial public offering, with one analyst telling Bloomberg that the “economy isn’t focused on the sectors where investors want to put their money,” including technology and healthcare.

Canada cracks down on art stolen by WWII bad guys

An untold number of artworks in galleries and collections worldwide have secret dark histories. Several countries are now stepping up their game to shine a light on them.

Driving the news: Canada and 21 other countries have signed on to a new agreement meant to clarify and enhance best practices for finding and returning art looted by the Nazis. The agreement builds upon a previous set of guidelines called the Washington Principles.