All Business stories

No name, no price hikes

Inflation numbers are dropping on Wednesday, shoppers and politicians are getting pretty pissed about food prices, and Loblaw is starting to play defence. 

Driving the news: Canada’s biggest grocer announced it will freeze prices on all of its No Name products (over 1,500 items) until January 2023, per The Globe and Mail. 

Where to get promoted

If you’re looking to move up the ranks at your company, you might just want to find a new one, according to a new study that found what you do isn’t as important as who you do it for.

  • Where you work “has big consequences,” the Burning Glass Institute’s President told The WSJ. “But … workers don’t have the visibility to make an informed choice.”

TikTok versus everyone

TikTok has already put a dent in Meta’s ad business, but now the company is preparing to take on even more Western tech giants with a push into music streaming and e-commerce. 

Driving the news: TikTok parent ByteDance is laying the foundation to compete with both Spotify and Amazon, according to a pair of reports this week.

Paying the Canada premium

Canada is famous for many things: Poutine, hockey, ketchup chips—and high, high prices. 

According to The National Post, Canadians are paying a serious premium for products, including mobile plans, grocery hauls, and some basic services. Let’s unpack. 

Lego wants to be educational, too

The world’s largest toy company is starting to play in the $1 trillion education business. 

What happened: Lego owner Kirkbi A/S is buying video-learning firm Brainpop for US$875 million as the company expands into classroom learning, per The Wall Street Journal

Save the MBA for another day

Wannabe McKinsey consultants and Bay Street executives are starting to realize that in today’s red-hot labour market, an MBA might be nothing more than a nice-to-have.

That’ll be 2.4% more, please

You gotta spend money, to spend money… is an accurate saying starting today, as businesses in Canada get the go-ahead to pass credit card processing fees onto customers. 

HSBC-ya

HSBC has launched a review into its Canadian business that could end in a US$9B sale, as the bank faces pressure to ditch less profitable markets to focus on Asia and Europe.

Retailers have too much stuff

From Nike to Canadian Tire, the world’s biggest retailers and brands are drowning in more merch than they know what to do with as consumers pull back on spending. 

How about a loan with those stamps?

Next time you need to drop off a package, would you consider also applying for a loan? Well, at least you’ll now have the option.