Business

Wawanesa Insurance allowing staff to decide where they’ll get their work done, despite construction of new 19-storey tower

Gabrielle Piché 7 minute read Updated: Yesterday at 10:30 PM CDT

Yes, there will be Pelotons in the office.

And exercise classes, and collaboration spaces and an IT bar stocked with computer accessories.

“We believe the building itself will draw our employees in,” said Lisa Osachoff, The Wawanesa Mutual Insurance Company’s chief people and culture officer.

“The building” being a 21-floor, 370,000-square-foot tower in True North Square worth, in 2019, $136 million. Wawanesa executives did not provide an updated cost.

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A success story about passion and hard work

Martin Cash 5 minute read Preview

A success story about passion and hard work

Martin Cash 5 minute read Yesterday at 2:00 AM CDT

For a guy who’s made his fortune in the wine and booze business, Anthony von Mandl has an amazingly sobering success story about passion and hard work.

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Yesterday at 2:00 AM CDT

Mike Deal / Winnipeg Free Press

Anthony von Mandl is the 40th recipient of the International Distinguished Entrepreneur Award from The Associates of the Asper School of Business at the University of Manitoba.

Majority of Manitoba business owners optimistic despite cost pressures

Gabrielle Piché 5 minute read Preview

Majority of Manitoba business owners optimistic despite cost pressures

Gabrielle Piché 5 minute read Yesterday at 2:00 AM CDT

Nearly four in 10 Manitoba businesses expected to increase their prices amid a period of higher interest rates, continued inflation and cutbacks in consumer spending, new Canadian Chamber of Commerce data found.

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Yesterday at 2:00 AM CDT

MIKE SUDOMA / WINNIPEG FREE PRESS FILES

Tall Grass Prairie is bucking the norm. It has more sales than pre-pandemic, says owner Tabitha Langel.

Things looking up for Manitoba-based aerospace industry

Martin Cash 4 minute read Preview

Things looking up for Manitoba-based aerospace industry

Martin Cash 4 minute read Wednesday, May. 3, 2023

An aerospace industry conference in Winnipeg this week that attracted leaders from some of the largest players in the world was an indication — despite layoffs and uncertainties that have wracked the global aerospace and aviation sectors — Manitoba members remain on solid footing.

While local industry officials said the workforce may not yet be back to pre-COVID pandemic numbers of about 5,300, there is consensus it is on the way.

Boeing Canada laid off close to 500 people from its Winnipeg staff of 1,500 in 2020, as international flights were grounded virtually overnight.

Charles (Duff) Sullivan, Ottawa-based president of Boeing Canada, said this week most of those people should be back by September.

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Wednesday, May. 3, 2023

MIKAELA MACKENZIE / WINNIPEG FREE PRESS

Lewis Prebble, airlines and fleet president of StandardAero.

Ready, save, and wait to buy

Joel Schlesinger 5 minute read Preview

Ready, save, and wait to buy

Joel Schlesinger 5 minute read 5:00 AM CDT

First-time homebuyers, start your savings!

The new federal first home savings account (FHSA) officially launched April 1 after being announced in the 2022 budget and more than a year of ironing out details.

It’s so new, even many financial institutions are still in the process of making it available to clients.

But here’s what we know for certain: the FHSA is designed for Canadian citizens, at least age 18, who have never owned a home, or not owned a home for four years.

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5:00 AM CDT

New first home savings account unlikely to help much with affordability

Taking a new path

Barbara Bowes 6 minute read Preview

Taking a new path

Barbara Bowes 6 minute read 2:08 AM CDT

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2:08 AM CDT

Opponents hope for end to Pickering airport debate

Kiernan Green, The Canadian Press 4 minute read Preview

Opponents hope for end to Pickering airport debate

Kiernan Green, The Canadian Press 4 minute read 8:00 AM CDT

After decades of protests against a long-standing proposal to build an airport in Pickering, Ont., opponents of the project are optimistic it will soon be abandoned for good.

Those hopes hinge on two recent developments: a Pickering council vote declaring a lack of support for an airport and a suggestion from the federal government that a newly-announced study could ultimately conclude that an airport on the Pickering Lands "is not required in the long term."

Those who support the airport argue, however, that it would provide a "rare opportunity" to boost the region's economy and attract investments.

The federal government's final decision on the proposal will follow results of a Transport Canada study on airport capacity needs in southern Ontario, announced in April.

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8:00 AM CDT

Transport Canada announced on April 18 a desire to hire a contractor of professional aviation services to analyze present and future airport supply and demand in Southern Ontario, and consequently the fate of the Pickering Lands. A plane is silhouetted as it takes off from Vancouver International Airport in Richmond, B.C., Monday, May 13, 2019.THE CANADIAN PRESS/Jonathan Hayward

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New this week: Jonas Brothers, Muppets, Bennifer and ‘Air’

The Associated Press 7 minute read Preview

New this week: Jonas Brothers, Muppets, Bennifer and ‘Air’

The Associated Press 7 minute read Updated: Yesterday at 5:30 PM CDT

Here’s a collection curated by The Associated Press’ entertainment journalists of what’s arriving on TV, streaming services and music and video game platforms this week.

NEW MOVIES TO STREAM

— After successfully doing the rounds in theaters, “Air” is finally making its debut on Prime Video on Friday, May 12. The film, directed by Ben Affleck and written by Alex Convery, tells the origin story of the Air Jordan sneaker and how Nike’s then-struggling basketball department defied the odds and signed rookie Michael Jordan in an unprecedented deal. It’s the first time Affleck has directed his pal Matt Damon, who plays Nike executive Sonny Vaccaro, and it’s the first film from their joint company Artists Equity. They brought in a starry cast, including Viola Davis as Michael Jordan’s mother, Deloris, as well as Jason Bateman, Chris Tucker, Chris Messina and Marlon Wayans, and it has been widely praised for its well-told story — smart, adult and solidly entertaining.

— Or you can watch Affleck’s better half, Jennifer Lopez, in her new movie “The Mother,” about an assassin who comes out of hiding to protect a 12-year-old daughter she hasn’t seen for years. Unlike her recent action rom-com “Shotgun Wedding,” this is a more straightforward action thriller. “The Mother” was directed by Niki Caro (“Mulan,” “Whale Rider”) and co-stars Joseph Fiennes, Lucy Paez, Omari Hardwick, Paul Raci and Gael García Bernal. It hits Netflix on Friday, May 12.

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Updated: Yesterday at 5:30 PM CDT

This combination of photos shows promotional art for "The Muppets Mayhem," premiering May 10 on Disney+, left, "Class of 09" premiering May 10 on Hulu and "City on Fire," a series premiering May 12 on Apple TV+ . (Apple TV+/Disney+ via AP) (Disney+/Hulu/Apple TV+ via AP)

S&P/TSX composite gains more than 300 points

Rosa Saba, The Canadian Press 3 minute read Preview

S&P/TSX composite gains more than 300 points

Rosa Saba, The Canadian Press 3 minute read Updated: Yesterday at 3:33 PM CDT

TORONTO - Canada's main stock index gained more than 300 points to end the week as strength in the energy, base metal and technology sectors helped lead a broad-based rally, while U.S. markets also climbed higher.

The S&P/TSX composite index closed up 303.84 points at 20,542.03.

In New York, the Dow Jones industrial average was up 546.64 points at 33,674.38.The S&P 500 index was up 75.03 points at 4,136.25, while the Nasdaq composite was up 269.01 points, or more than two per cent, at 12,235.41.

U.S. regional banks helped lead the rally south of the border, which spilled over into Canada, said Tamsin Wilding, fixed income analyst at Leith Wheeler.

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Updated: Yesterday at 3:33 PM CDT

A sign board displays the TSX level in Toronto, Friday, June 4, 2021. THE CANADIAN PRESS/Frank Gunn

Over-the-counter birth control pill faces FDA questions

Matthew Perrone, The Associated Press 6 minute read Preview

Over-the-counter birth control pill faces FDA questions

Matthew Perrone, The Associated Press 6 minute read Updated: Yesterday at 5:03 PM CDT

WASHINGTON (AP) — U.S. health regulators are weighing the first-ever request to make a birth control pill available without a prescription.

But in an initial review posted Friday, the Food and Drug Administration raised numerous concerns about drugmaker Perrigo’s application to sell its decades-old pill over the counter.

The FDA cited problems with the reliability of some of the company’s data on the drug, Opill, and questioned whether women with certain other medical conditions would correctly opt out of taking it. The agency also noted signs that study participants had trouble understanding the labeling instructions.

Advisers to the FDA meet next week to review drugmaker Perrigo's application. The two-day public meeting is one of the last steps before a final FDA decision.

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Updated: Yesterday at 5:03 PM CDT

This illustration provided by Perrigo in May 2023, depicts proposed packaging for the company's birth control medication Opill. Advisers to the Food and Drug Administration meet next week to review drugmaker Perrigo's application to sell a decades-old pill over the counter. The two-day public meeting is one of the last steps before an FDA decision. (Perrigo via AP)

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