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Business News

WestJet Encore pilots file 72-hour strike notice

CBC Business News - Wed, 2024-05-29 16:32

The Air Line Pilots Association says WestJet Encore pilots have issued a 72-hour strike notice to management and the government.

Categories: Business News

Mortgage debt is growing at its slowest pace in 23 years — but that could be short-lived, says CMHC

CBC Business News - Wed, 2024-05-29 13:22

Mortgage debt grew at its slowest pace in 23 years in February, amid high borrowing costs and reservations related to the Bank of Canada's key interest rate — but the slowdown likely won't last, according to Canada's housing agency.

Categories: Business News

Something wrong with your car? Here's how Canada's vehicle recall system works

CBC Business News - Wed, 2024-05-29 07:24

As Nissan issues a 'do not drive' warning for 48,000 vehicles in Canada — and urges car owners to get their recalled vehicles repaired — here's what you need to know to know about Canada's recall system, and how to ensure that your car isn't overdue for a safety recall.

Categories: Business News

What's going on at Red Lobster and is the endless shrimp promotion to blame?

Financial Post TopStories - Wed, 2024-05-29 05:35
The seafood chain has 27 locations in Canada, primarily in Ontario, but has four in Alberta, two in Saskatchewan and one in Manitoba
Categories: Business News

Posthaste: More Canadians improving financial wellness as costs climb 

Financial Post TopStories - Wed, 2024-05-29 05:00
Ninety-one per cent of respondents have taken at least one measure to improve their financial well-being
Categories: Business News

'Predatory monopoly': Canadian North, feds criticized over new baggage fees

CBC Business News - Wed, 2024-05-29 01:00

Two weeks ago, the airline unveiled sweeping changes and increased costs. While passengers still receive their first bag for free, the cost of a second bag on the lowest ticket fare has jumped by 50 per cent, and the cost of an overweight bag (anything over 51 pounds) has tripled on all fare types.

Categories: Business News

Is mass timber the next big thing in cheaper, greener construction? More provinces are saying yes

CBC Business News - Wed, 2024-05-29 01:00

Interest is growing in mass-timber construction and new manufacturing facilities are popping up all over Canada. Proponents say the material is more sustainable and faster to work with than concrete and steel, but some builders and climate experts are skeptical.

Categories: Business News

Google research shows the fast rise of AI-generated misinformation

CBC Business News - Tue, 2024-05-28 13:31

From fake images of war to celebrity hoaxes, AI technology has spawned new forms of reality-warping misinformation online. New analysis co-authored by Google researchers shows just how quickly the problem has grown. 

Categories: Business News

How Leila Keshavjee Turned a Healthy-snack Craving Into an Ice Pop Empire

Canadian Business - Tue, 2024-05-28 10:59

In early 2016, I was finishing my bachelor’s degree in kinesiology at the University of Toronto. I was also working part-time as a research assistant and coaching gymnastics, and I’d been accepted into master’s programs. Life was busy, and I pretty much lived on smoothies I made for myself.

That spring, I decided to take up a new hobby: making my own healthy ice pops. I’d found that grocery stores lacked snack options that were low in sugar and additives, so I gave it a go. I got access to a tiny commercial space near my home in Toronto that belonged to a family member and got to work. For my first batch, I mixed fresh mango, water, lemon juice and organic cane sugar into a base that I then froze to make 50 ice pops. I’m a South Asian Canadian, so fresh fruit was a staple snack at home growing up—we always had some in the fridge.

The ice pops turned out impressively tasty, so I decided to try selling them at a local farmers’ market. Seeing people enjoy the treats brought me so much joy that I bought more equipment on Kijiji, started lugging cooler boxes filled with my ice pops to more farmers’ markets and incorporated under the name Happy Pops.

By the fall, despite having no entrepreneurial experience, I’d put my studies on hold and joined an incubator program at the University of Toronto called Impact Centre. I went on to land catering contracts with clients like Google, Scotiabank and Aeroplan. I then launched at local food stores, like Summerhill Market in Toronto.

In 2018, searching for new ways to grow, I auditioned for Dragons’ Den on a whim. I landed a spot on the show and received an offer from Arlene Dickinson for $150,000 for 30 per cent of the company. I took the deal on-air but later decided not to proceed because I was not ready to give away such a big chunk of the business. Still, the show was a huge moment for me. Until then, I’d hesitated to tell people that I had paused my studies to become a food entrepreneur, because it sounded like such a random pivot. Getting Happy Pops on TV was an inflection point for the business.

Related: How to Pitch Your Start-up to Investors

The exposure helped me scale. I invested the money I made into renting a larger commercial space with more freezer capacity, hiring a manufacturing team and an accountant, outsourcing marketing and design and developing new flavours, like Passion Fruit, Guava, Matcha, Lychee Lemonade, Orange N’ Cream and Lemon Mint. Meanwhile, I was sending pitches to Canada’s largest grocery stores. In 2019, Sobeys started stocking Happy Pops in its stores in Ontario, and eventually across the country; Metro followed suit in 2020 with its stores in Ontario and Quebec. We began shipping coast to coast in cooler boxes with dry ice. The ability to ship across Canada and fulfill orders from our new e-commerce store helped keep us alive during the pandemic.

Seven years into this business, some parts of it have not changed: I’m still Happy Pops’ sole owner, our base recipes remain the same and we’re still selling at farmers’ markets on weekends. On the other hand, there are some things that I never could have predicted: We had a partnership with Aeroplan and created a custom flavour for Sesame Street. We’re also currently developing limited-edition ice pops for Mattel, which will launch later this year. We produce more than one million ice pops annually, and they’re sold in 1,500 grocery stores across Canada as well as at attractions like Canada’s Wonderland and Ripley’s Aquarium.

And yet our team remains lean—we just hired our first administrative assistant. Along with making the executive decisions, I still run our social media and develop and taste-test flavours. It’s busy, but I have become better at finding a work-life balance by carving out time in my day to ride my bicycle, play golf or be with family and friends. Hearing that people love my ice pops and knowing that kids have access to a high-quality snack that I didn’t have while growing up makes it all worthwhile.

The post How Leila Keshavjee Turned a Healthy-snack Craving Into an Ice Pop Empire appeared first on Canadian Business – How to Do Business Better.

Categories: Business News

Economic conditions are there to support a rate cut, Freeland says

Financial Post TopStories - Tue, 2024-05-28 09:12
"Inflation has come down to its lowest point in three years," she said. "That is real progress"
Categories: Business News

Scotiabank's international operations show signs of improvement as earnings top expectations

Financial Post TopStories - Tue, 2024-05-28 08:59
Bank boosts bad loan provisions to $1 billion as mortgage strains increase
Categories: Business News

Posthaste: Canada could face two more decades of stagnant growth, report warns

Financial Post TopStories - Tue, 2024-05-28 05:00
Country could be looking at low growth and higher inflation for next 20 years
Categories: Business News

Got thoughts on flying in Canada? The Competition Bureau wants to hear from you

CBC Business News - Mon, 2024-05-27 13:45

The federal Competition Bureau says it's going to look the domestic air travel industry in Canada, and it's looking for input from Canadians as it prepares for a study of that market over the coming months.

Categories: Business News

Indigo shareholders vote in favour of privatization sale to companies owned by CEO's spouse

CBC Business News - Mon, 2024-05-27 11:40

Indigo Books & Music Inc. shareholders have voted to approve a deal that will see the retailer become a private company.

Categories: Business News

Court greenlights shareholder class-action lawsuit against Bombardier

CBC Business News - Mon, 2024-05-27 09:14

A Quebec judge is authorizing a class action from shareholders against Bombardier Inc. over claims that the plane maker presented a false picture of its financial situation in 2018, a turbulent year that saw its share price tank.

Categories: Business News

Posthaste: Most Canadians want public servants in the office more often despite ‘summer of discontent’

Financial Post TopStories - Mon, 2024-05-27 05:00
Poll finds almost 60% support Ottawa's new work mandate that has federal unions up in arms
Categories: Business News

Another hold on interest rates risks further damage to the economy

Financial Post TopStories - Sun, 2024-05-26 08:00
David Rosenberg expects a rate cut at the central bank’s next announcement in June
Categories: Business News

Bank of Canada will cut rates before U.S. Federal Reserve: Ed Devlin

Financial Post TopStories - Sun, 2024-05-26 06:00
Watch Ed Devlin of Devlin Capital on stocks, bonds and what the Bank of Canada and the Federal Reserve might do next
Categories: Business News

Stressed at work? Anxious about the wider world? You might be part of 'The Great Exhaustion'

CBC Business News - Sun, 2024-05-26 01:00

The Great Exhaustion is a new term coined by analysts and economists to describe a pervasive form of burnout that starts with stress directly related to work and piles on anxieties about the state of the world in general.

Categories: Business News

Why does Drake have so many companies?

CBC Business News - Sun, 2024-05-26 01:00

Amid the feud between Drake and rival Kendrick Lamar online sleuths uncovered details about the former's businesses and other holdings that started a buzz on social media. CBC News looks into Drake's business and property holdings and why he has so many.

Categories: Business News
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