Skip to content

National Business

Sobeys sees structural shift in food consumption toward grocery away from restaurants

Sobeys sees structural shift in food consumption toward grocery away from restaurants

One of Canada's biggest food retailers says the pandemic is having a lasting impact on food consumption as consumers continue to spend more at grocery stores and cook at home rather than return to restaurants.
Canadian families will pay an extra $966 for groceries in 2022, report says

Canadian families will pay an extra $966 for groceries in 2022, report says

HALIFAX — Food prices in Canada are expected to surge to record highs next year as ongoing pandemic-fuelled supply chain disruptions, labour market issues and adverse weather events drive up grocery bills, a new report on food prices says.
Sienna Miller settles phone hacking claim against tabloid

Sienna Miller settles phone hacking claim against tabloid

LONDON (AP) — Actor Sienna Miller on Thursday accepted “substantial” damages from the publisher of British tabloid newspaper The Sun, which she accuses of hacking her phone and leaking news of her pregnancy.
Limits on oil production no longer needed, Alberta government says

Limits on oil production no longer needed, Alberta government says

CALGARY — Alberta will let its oil production curtailment policy expire on Dec. 31. UCP Energy Minister Sonya Savage says the province has not set production limits on the oil industry since December of 2020.
Transat reports heavy net losses, but slows cash burn as bookings ramp up

Transat reports heavy net losses, but slows cash burn as bookings ramp up

MONTREAL — Transat A.T. lost more than $1 million per day last quarter as it began to ramp up operations, but says business is growing steadily despite a persistent pandemic. The three-month period ended Oct.
Transcontinental Q4 and full-year profits fall despite higher revenues

Transcontinental Q4 and full-year profits fall despite higher revenues

MONTREAL — Transcontinental Inc. capped off its financial year by posting a 23.6 per cent drop in fourth-quarter profits even though higher resin costs passed on to customers and an extra week of business helped raise revenues.
Wanted: just a pizza cardboard. Mill squares box shortage

Wanted: just a pizza cardboard. Mill squares box shortage

OLD TOWN, Maine (AP) — A Maine paper mill is asking local residents for cardboard to turn into packaging because of the rising cost of the raw materials it typically uses.
Company behind pink delivery robots to temporarily pull devices off Toronto sidewalks

Company behind pink delivery robots to temporarily pull devices off Toronto sidewalks

TORONTO — A technology company says it will temporarily take its food delivery robots off Toronto's streets as the city considers whether to ban such devices from sidewalks.
Experts say dividend stocks can offer some protection against inflation

Experts say dividend stocks can offer some protection against inflation

OTTAWA — As the annual pace of inflation rises, investors who depend on their portfolios to provide income may want to consider dividend paying stocks as one way to help them keep up with the rising cost of living, experts say.
US jobless claims at 52-year low amid seasonal volatility

US jobless claims at 52-year low amid seasonal volatility

WASHINGTON (AP) — The number of Americans applying for unemployment benefits plunged last week to the lowest level in 52 years, more evidence that the U.S. job market is recovering from last year's coronavirus recession.