Business

Experts say the outlook for the loonie in 2023 largely depends on commodity prices, how the U.S. dollar fares, and whether central banks are successful in avoiding a major recession. Falling Canadian dollar coins or loonies are pictured in North Vancouver, B.C., Wednesday, May 29, 2019. THE CANADIAN PRESS/Jonathan Hayward

Canadian dollar’s outlook for 2023 uncertain as interest rate hikes wane: experts

Loonie recently rose to its highest level in more than two months against the U.S. dollar

The Uber app is seen on an iPhone near a driver’s vehicle after the company launched service in Vancouver, Friday, Jan. 24, 2020. Uber Technologies Inc. says it is bringing its shared rides offering back to Canada with a new name. THE CANADIAN PRESS/Darryl Dyck

Uber relaunches ride share option in some Canadian cities under new name

UberX Share was previously known as UberPool and was paused when the pandemic hit

A plane is silhouetted as it takes off from Vancouver International Airport in Richmond, B.C., on May 13, 2019. A group of airlines are asking the Supreme Court of Canada to hear their case after a lower court ruling largely upheld the validity of Canada's air passenger bill of rights. THE CANADIAN PRESS/Jonathan Hayward

Airlines ask Supreme Court to hear case on passenger bill of rights

Bill bolsters compensation for air travellers subjected to delayed flights and damaged luggage

A plane is silhouetted as it takes off from Vancouver International Airport in Richmond, B.C., on May 13, 2019. A group of airlines are asking the Supreme Court of Canada to hear their case after a lower court ruling largely upheld the validity of Canada's air passenger bill of rights. THE CANADIAN PRESS/Jonathan Hayward
Local MLA John Horgan and T’Sou-ke Nation Chief Gordie Planes listen to an explanation from Synergraze founder and CEO Tamara Loiselle on how the spore tank works at a demonstration project in a greenhouse that’s home to an innovative project aimed at reducing methane gas emissions from livestock. (Rick Stiebel-Sooke News Mirror)

B.C. cow fart reduction project seeks to clear the air with seaweed

Partners in an innovative methane reduction method want to set the record straight with neighbours

Local MLA John Horgan and T’Sou-ke Nation Chief Gordie Planes listen to an explanation from Synergraze founder and CEO Tamara Loiselle on how the spore tank works at a demonstration project in a greenhouse that’s home to an innovative project aimed at reducing methane gas emissions from livestock. (Rick Stiebel-Sooke News Mirror)
FILE - Elon Musk departs the Phillip Burton Federal Building and United States Court House in San Francisco on Jan. 24, 2023. On Wednesday, Feb. 1, Sam Teller, Musk’s former chief of staff, testified that the billionaire believed he had a “handshake deal” to take Tesla private in 2018 shortly before he tweeted he had the financing for an aborted buyout that is still haunting him in a high-profile trial. (AP Photo/ Benjamin Fanjoy, File)

Elon Musk surprise appearance as Tesla tweet trial wraps up

A high-profile trial focused on a 2018 tweet about the financing for…

FILE - Elon Musk departs the Phillip Burton Federal Building and United States Court House in San Francisco on Jan. 24, 2023. On Wednesday, Feb. 1, Sam Teller, Musk’s former chief of staff, testified that the billionaire believed he had a “handshake deal” to take Tesla private in 2018 shortly before he tweeted he had the financing for an aborted buyout that is still haunting him in a high-profile trial. (AP Photo/ Benjamin Fanjoy, File)
Delissio frozen pizzas are shown in the frozen food aisle at a grocery store in Toronto on Thursday, Feb. 2, 2023. Nestle Canada says it is winding down its frozen meals and pizza business in Canada over the next six months. The four brands that will no longer be sold in the freezer aisle at Canadian grocery stores are Delissio, Stouffer’s, Lean Cuisine and Life Cuisine. THE CANADIAN PRESS/Joe O’Connal

Nestle Canada to wind down frozen meals and pizza business including Delissio

Stouffer’s, Lean Cuisine and Life Cuisine also will no longer be sold at Canadian grocery stores

Delissio frozen pizzas are shown in the frozen food aisle at a grocery store in Toronto on Thursday, Feb. 2, 2023. Nestle Canada says it is winding down its frozen meals and pizza business in Canada over the next six months. The four brands that will no longer be sold in the freezer aisle at Canadian grocery stores are Delissio, Stouffer’s, Lean Cuisine and Life Cuisine. THE CANADIAN PRESS/Joe O’Connal
Minister of Natural Resources Jonathan Wilkinson participates in a fireside discussion in Ottawa, on Wednesday, Feb. 1, 2023. Wilkinson says legislation to lay out the government’s plan to protect jobs during the clean-energy transition is still months away. THE CANADIAN PRESS/Justin Tang

Feds to lay out ‘sustainable jobs’ plan for energy transition ahead of legislation

Natural Resources Minister Jonathan Wilkinson promised to outline plans by early spring

Minister of Natural Resources Jonathan Wilkinson participates in a fireside discussion in Ottawa, on Wednesday, Feb. 1, 2023. Wilkinson says legislation to lay out the government’s plan to protect jobs during the clean-energy transition is still months away. THE CANADIAN PRESS/Justin Tang
The corporate logo of Helly Hansen is shown. THE CANADIAN PRESS/HO - Helly Hansen

Thousands of Helly Hansen sweaters recalled in Canada due to ‘flammability hazard’

Products do not or may not meet national standards, no incidents or injuries reported

The corporate logo of Helly Hansen is shown. THE CANADIAN PRESS/HO - Helly Hansen
People shop for produce at the Granville Island Market in Vancouver, on Wednesday, July 20, 2022. Canada’s inflation rate was up 8.1 per cent in June compared with a year ago, its largest yearly change since January 1983. Statistics Canada will release its November reading of gross domestic product this morning.THE CANADIAN PRESS/Darryl Dyck

Canadian economy grew slightly in November, expected to slow further

High interest rates already showing signs of slowing spending

People shop for produce at the Granville Island Market in Vancouver, on Wednesday, July 20, 2022. Canada’s inflation rate was up 8.1 per cent in June compared with a year ago, its largest yearly change since January 1983. Statistics Canada will release its November reading of gross domestic product this morning.THE CANADIAN PRESS/Darryl Dyck
BLK MKT by Avant won the 2022 Cannabis Brand of the Year Canada. (blk-mkt.ca)

High praise for Kelowna cannabis brand

BLK MKT won the 2022 Cannabis Brand of the Year by ADCANN

BLK MKT by Avant won the 2022 Cannabis Brand of the Year Canada. (blk-mkt.ca)
Left to right: Heather of Fernie Brewing Company; Becky Fluker of Little Wildflowers; the Canadian Linen and Uniform branch in Cranbrook has moved to 565 Industrial Road D Crescent.

East Kootenay Business Round-Up

Business News [New Brewer Added At FBC] The Fernie Brewing Company (FBC)…

  • Jan 30, 2023
Left to right: Heather of Fernie Brewing Company; Becky Fluker of Little Wildflowers; the Canadian Linen and Uniform branch in Cranbrook has moved to 565 Industrial Road D Crescent.
Advocates and business owners in the beverage industry say Canada’s new guidelines for drinking alcohol could speed up changing consumer drinking habits as younger generations are drinking less and non-alcoholic beverages are becoming more popular. An alcoholic beverage is seen in a drinking establishment in Halifax on Wednesday, Aug. 1, 2018. CANADIAN PRESS/Andrew Vaughan

New alcohol recommendations could speed up changing drinking habits: businesses

Trends see customers looking to drink less and explore more non-alcoholic options

Advocates and business owners in the beverage industry say Canada’s new guidelines for drinking alcohol could speed up changing consumer drinking habits as younger generations are drinking less and non-alcoholic beverages are becoming more popular. An alcoholic beverage is seen in a drinking establishment in Halifax on Wednesday, Aug. 1, 2018. CANADIAN PRESS/Andrew Vaughan
Dairy cows are seen at a farm, Friday, August 31, 2018 in Sainte-Marie-Madelaine, Que. A pair of senior U.S. senators are urging the Biden administration to get tough with Canada for “flouting” obligations to its North American trade partners. THE CANADIAN PRESS/Ryan Remiorz

U.S. senators call for trade crackdown on Canada over dairy quotas, digital policies

Pair say America’s continental trading partners playing fast and loose with new rules

Dairy cows are seen at a farm, Friday, August 31, 2018 in Sainte-Marie-Madelaine, Que. A pair of senior U.S. senators are urging the Biden administration to get tough with Canada for “flouting” obligations to its North American trade partners. THE CANADIAN PRESS/Ryan Remiorz
Shopping carts are lined up at The Home Depot store on Monday, Feb. 22, 2021, in Cornelius, N.C. (AP Photo/Chris Carlson)

Home Depot gave personal data to Meta without valid customer consent: watchdog

Canada’s privacy watchdog says Home Depot stopped sharing customer information with Meta last October

Shopping carts are lined up at The Home Depot store on Monday, Feb. 22, 2021, in Cornelius, N.C. (AP Photo/Chris Carlson)
FILE - In this Thursday, June 18, 2020 file photo, President Donald Trump looks at his phone during a roundtable with governors on the reopening of America's small businesses, in the State Dining Room of the White House in Washington. On Wednesday, Jan. 25, 2023, Facebook parent Meta said in a blog post it is reinstating former President Trump’s personal account after two-year suspension following the Jan. 6 insurrection. (AP Photo/Alex Brandon, File)

Donald Trump to be allowed back on Facebook after 2-year ban

Facebook parent Meta said Wednesday it will restore former President Donald Trump…

FILE - In this Thursday, June 18, 2020 file photo, President Donald Trump looks at his phone during a roundtable with governors on the reopening of America's small businesses, in the State Dining Room of the White House in Washington. On Wednesday, Jan. 25, 2023, Facebook parent Meta said in a blog post it is reinstating former President Trump’s personal account after two-year suspension following the Jan. 6 insurrection. (AP Photo/Alex Brandon, File)
FILE - People walk past a Microsoft office in New York, Nov. 10, 2016. On Tuesday, Jan. 24, 2023, Microsoft reported a 12% drop in profit for the October-December 2022 quarter, reflecting the economic uncertainty it said led to its decision to cut 10,000 workers. (AP Photo/Swayne B. Hall, File)

Microsoft reports outage for Teams, Outlook, other services

Microsoft said it’s seeing some improvement to problems with its online services…

FILE - People walk past a Microsoft office in New York, Nov. 10, 2016. On Tuesday, Jan. 24, 2023, Microsoft reported a 12% drop in profit for the October-December 2022 quarter, reflecting the economic uncertainty it said led to its decision to cut 10,000 workers. (AP Photo/Swayne B. Hall, File)
The Bank of Canada will announce its interest rate decision this morning as economists widely expect the central bank to opt for a quarter percentage point rate hike. The Bank of Canada is shown in Ottawa on Tuesday, July 12, 2022. THE CANADIAN PRESS/Sean Kilpatrick

Bank of Canada hikes key interest rate by quarter point, says it plans to hold

Key interest rate now stands at 4.5 per cent, highest it’s been in more than 15 years

The Bank of Canada will announce its interest rate decision this morning as economists widely expect the central bank to opt for a quarter percentage point rate hike. The Bank of Canada is shown in Ottawa on Tuesday, July 12, 2022. THE CANADIAN PRESS/Sean Kilpatrick
West Fraser Williams Lake Plywood. (John Wiege photo)

B.C. to dedicate some provincial timber supply to value-added industry

Program focusing on products such as mass timber, plywood, veneer, panelling and flooring

West Fraser Williams Lake Plywood. (John Wiege photo)
A man pushes a shopping cart towards a closed grocery store in Montreal, Sunday, Jan. 9, 2022. A new report says discount grocery stores are set to outperform conventional supermarkets in 2023. THE CANADIAN PRESS/Graham Hughes

Discount grocers to outperform conventional stores as food prices surge: Report

Consumer efforts to curtail spending are expected to encourage more home cooking

A man pushes a shopping cart towards a closed grocery store in Montreal, Sunday, Jan. 9, 2022. A new report says discount grocery stores are set to outperform conventional supermarkets in 2023. THE CANADIAN PRESS/Graham Hughes