Manitoba expanding rent control threshold to $2,000 a month

WINNIPEG - The Manitoba government says it's following through on a commitment to expand rent control in the province.

It says renters paying up to $2,000 per month will be included in the province's rent-control program starting next year, up from the existing threshold of $1,670.

It says the expansion should mean at least 2,000 additional rental units will be covered by the program.

Landlords can only increase rents by three per cent next year for rent-control units, while the limit is 1.8 per cent this year.

Bank of Canada set to grapple with renewed trade war pressures in rate decision

OTTAWA - The Bank of Canada finds itself in a familiar dilemma this week as the escalating trade war with the United States casts an uncertain light over Wednesday's interest rate decision.

The central bank has kept its benchmark rate on hold at 2.25 per cent for nearly a year now.

Before trade talks between Canada and the United States fell apart earlier this month, economists and financial markets alike had widely expected the Bank of Canada would stick to the sidelines for the rest of the year and into 2027.

Recent tariff volleys have changed the economic context.

Foreign workers at Manitoba hotel are owed $138K in unpaid wages and fees, labour board rules

BRANDON — The Manitoba Labour Board has ordered the Western Star All Suites Hotel to pay nearly $138,000 in unpaid wages and administrative fees after it dismissed the appeals involving three foreign workers employed by the company.

In a decision dated Aug. 25, the board ordered 6692452 Manitoba Ltd. (doing business as Western Star All Suites Hotel), 1638185 Alberta Ltd. and company director P.X. to pay a total of $137,915.79 to the Employment Standards Branch for wages owed to foreign workers S.J., J.B. and G.R.

The decision was edited to protect the personal information of the employees, who worked at a hotel, reportedly in Melita, at different times and also lived there during their employment.

The board stated the employees were owed wages after hearing evidence about long working hours, irregular payments, inadequate employment records and working conditions.

Money struggle is real

You likely don’t need a survey to know Canada is a nation of stressed-out citizens.

We have plenty to worry about, and money is often among the leading stressors.

And yes, there are always surveys measuring our collective money-driven concerns, including the recent, inaugural Global Retirement Savers Study by T. Rowe Price.

The U.S.-based asset manager of more than $2 trillion globally found that more than four in 10 surveyed Canadians are financially stressed.

Canada’s economy was surging in Q2. Now, it braces for new tariff headwinds

OTTAWA - Fresh data from Statistics Canada on Friday suggests the economy was growing at a healthy clip in the second quarter and rumblings of a recession earlier in the year might have been overblown.

But economists warned that any momentum the economy had last quarter will be tested by a new wave of tariffs and trade uncertainty.

Real gross domestic product rose 3.3 per cent on an annualized basis in the second quarter, StatCan said. That was the fastest quarterly pace of growth since early 2023 and topped the Bank of Canada's call for 2.5 per cent growth in the quarter.

BMO chief economist Doug Porter said in an interview that 3.3 per cent is a "solid result." A typical quarterly figure over the past 20 years would see the economy growing at around two per cent annualized, he noted.

Middle East war, oil prices expected to push Alberta’s budget back into the black

CALGARY - Alberta’s finances are swinging back into the black after war in the Middle East sent global energy prices surging.

The province’s latest fiscal update predicts a $2-billion surplus — a huge turnaround from the $9.4-billion deficit originally expected for the 2026-27 fiscal year.

It's the latest reversal of fortune for the oil-rich province perennially tied to international energy markets.

Finance Minister Jason Nixon welcomed the quarterly windfall as good news but warned the forecast could just as quickly take another turn.

Buy Canadian: Purchasing patriotism sees renewed push amid rising tariffs

Buy Canadian sentiment is seeing a resurgence across the country as backlash to U.S. tariffs grows.

Consumers eager to support local products and businesses are swapping shopping tips and resources online as some retailers renew labelling of tariffed or homegrown goods in stores.

The Canada List, a website that ranks thousands of products sold in Canada based on their contribution to the Canadian economy, has seen a dramatic rise in traffic in recent days, founder Matthew Shane said in an interview Wednesday.

"My back-of-the-envelope calculation is daily traffic is actually up 10,000 per cent since Friday," Shane said, adding thousands of people are signing up for the newsletter daily. "It's a strong indication that the Canadian public is increasingly engaged in these trade tensions."

Grocers revive signage to indicate tariff-affected items, Canadian products

Canadian grocers are adding more signage to highlight homegrown products as trade tensions escalate between Canada and the United States.

Loblaw says it is bringing back the T symbols to its grocery shelf labels to signal products that have seen price increases due to tariffs, replicating its response from last year when the tariff war first began.

Customers will start noticing the T symbols on a small number of products, which will grow as tariffs are applied across more categories, Loblaw chief executive Per Bank wrote in a LinkedIn post on Tuesday.

"And one commitment is especially important: Loblaw will not benefit from tariffs," he said.

New U.S. tariffs and trade tensions are ‘manageable,’ says Scotiabank CEO

TORONTO - As Canadian businesses grapple with the latest flare up in U.S. trade tensions, executives at Scotiabank still see the trade situation as "manageable" for the domestic economy

"The fundamentals in Canada are pretty good, if you look at the job growth numbers, if you look at the fiscal capacity on the back of oil prices, and if you look at some of the activity that's starting because of the prime minister's agenda, you actually have a backdrop that's pretty good," Scotiabank chief executive Scott Thomson said on the bank's third-quarter earnings call on Tuesday.

U.S. President Donald Trump imposed 50 per cent tariffs on about $28 billion worth of Canadian products over the weekend after trade talks collapsed.

The federal government, meanwhile, announced Tuesday its own suite of retaliatory dollar-for-dollar tariffs on American goods, which are set to take effect Sept. 8. That includes upping tariffs on American steel and aluminum products from 25 to 50 per cent and imposing other levies on clothing, appliances, dairy products and more.

Entrepreneurial spotlight finds IndigiHub

The list of accolades keeps getting longer for the Winnipeg-based founder of IndigiHub, an online resource for Indigenous entrepreneurs.

Small businesses at front lines of tariff war, as many lose sales

Since the latest U.S. tariffs rolled in this past weekend, Bernard Hellen has been fielding order cancellations for 3D miniature models — all previously bound for his American clients.

"I've probably had about 50 order cancellations this morning alone," said Hellen, owner of Toronto-based Miniprints, which makes railroading hobby miniatures of animals and figurines.

For Hellen, Americans make up 85 per cent of his sales.

"A 50 per cent tax is more than the average American consumer can pay or is willing to pay," he said in a phone interview on Monday.

Manitoba honey industry buzzing as U.S. tariff clock ticks

Canadian product is being rushed to the United States ahead of a threatened 50 per cent tariff on the industry.

Anti-terrorism measures hindering Muslim charities’ humanitarian efforts: study

OTTAWA - Strict measures to prevent terrorism financing are prompting Muslim charities in Canada to withdraw humanitarian assistance from countries in need, such as Syria and Yemen, because they fear losing access to banking services if they operate there, a new study warns.

The study by University of Toronto law and history professor Anver Emon makes a dozen recommendations, aimed at various federal agencies, to help charities and other non-profit organizations provide assistance abroad without fear of repercussions.

The treatment of Muslim charities has come under scrutiny in recent years. Critics claim they have been unfairly singled out in the fight against terrorist financing.

A National Security and Intelligence Review Agency report released last October found "a lack of rigour" in the way the Canada Revenue Agency selects charities for audits over terrorism concerns. The report said the process introduces risks of bias and discrimination.

Gillingham promises to help level playing field for local biz if re-elected

Scott Gillingham promises to take new steps to ensure local businesses can compete for the hundreds of millions of dollars in city contracts awarded each year, if re-elected as mayor.

The campaign promise follows the city’s controversial decision to replace longstanding Winnipeg restaurant Salisbury House with an American company at the city-owned Kildonan Park and Windsor Park golf courses. That contract for food and beverage service took effect April 1.

Gillingham acknowledged public opposition to the move is one of the reasons he’s revisiting the issue.

“As mayor, I want as many opportunities for local companies to benefit from work the city procures,” he said.

Insolvencies jumped 11.5% annually in June, Canada’s bankruptcy monitor shows

OTTAWA - Insolvencies in Canada are floating around levels not seen since the global financial crisis more than 15 years ago, new data shows.

The Office of the Superintendent of Bankruptcies released updated figures on Monday showing 13,254 insolvencies were filed in June, up 5.7 per cent compared with May and 11.5 per cent from a year ago.

Consumers — who make up the bulk of insolvency filings — led the annual increase, though business filings were also on the rise year-over-year.

"While the data has been quite volatile over the past year, even on a seasonally-adjusted basis, insolvencies have been stabilizing at levels not seen since the Global Financial Crisis in 2009," said Charles St-Arnaud, chief economist at Servus Credit Union, in a note to clients this week.

Governments pledge ‘storefront success’ with downtown grants

The city and province will provide $1.4 million to help spruce up downtown storefronts along and around Graham Avenue, a proposal met with mixed reviews by some businesses.

The “Storefront Success” program, launched Tuesday, aims to boost the appeal of one downtown area, with the two governments each covering half the cost.

“This undoubtedly helps businesses in this region. Having the ability to access some funding to help with the storefronts makes their businesses more attractive and more welcoming,” said Manitoba Business Minister Jamie Moses.

Eligible small- and medium-sized businesses located in the area bordered by Portage Avenue to the north, Hargrave and Donald streets to the east (excluding Canada Life Centre), St. Mary Avenue to the south and Vaughan Street to the west can now apply for grants of up to $200,000 each.

Does Wealthsimple want to add sports, politics to its new prediction markets product?

TORONTO - Wealthsimple’s newest product has given armchair economists and Canadians convinced they can predict Mother Nature a chance to put their skills to the test, but some say the business is likely after an even bigger audience.

The Toronto-based financial services company started offering prediction markets last month. The product lets customers make wagers of $1 or less on the outcome of economic, financial or climate matters like what will happen at the Bank of Canada's next interest rate announcement or how many major Atlantic hurricanes there will be this year.

But the first few weeks have some thinking Wealthsimple might have even bigger ambitions.

When Charles Martineau, an associate professor of finance at the University of Toronto, and Marius Zoican, the Canada Research Chair in financial technology, each logged onto Wealthsimple's Predict app, they found it displaying stakes in who will become the next James Bond, what the score will be at future football games and who will win the 2028 U.S. presidential election.

Minago mining project under review with First Nation seeking funding options

A MULTI-MILLION-DOLLAR mining project in northern Manitoba is under review as its First Nation owner undergoes mass restructuring.

“All options are on the table” for the Minago Critical Minerals Project, said Blake Russell, senior adviser to Norway House Cree Nation’s chief.

The First Nation, north of Lake Winnipeg, had a leadership change following a May election. Chief Season Roulette pledged that all the nation’s programs would be reviewed to ensure they’re in-budget and providing value.

Norway House bought the Minago project for $10 million in 2024. The mining venture spans a swath of land along Highway 6, south of Ponton and north of Grand Rapids.

Shopify’s AI tools triple traffic, lift Q2 profits and revenue

Shoppers and retailers increasingly relying on artificial intelligence helped Shopify Inc. post a US$1.5 billion profit in its latest quarter, pushing its share price up by double-digits.

The e-commerce software giant reported the profit compared with US$906 million a year earlier. The second-quarter result sent Shopify's share price up nearly 17 per cent to close at $201.97.

President Harley Finkelstein said Shopify is fashioning itself to corner the "new era of commerce" being spurred by more people turning to AI to make and encourage purchases.

"Now, whether commerce is handled by humans or agents, whether stores are built by people or AI, Shopify runs underneath it all," he told analysts on a call Wednesday.

Shoppers flock to the frozen aisle as fresh vegetable prices soar: Loblaw

Consumers are looking for savings in the frozen vegetable aisle at Loblaw banners as prices of fresh produce have spiked in recent months.

"It's more than (five percentage points) growth in the frozen veg in our hard discount banner," Loblaw Cos. Ltd. chief executive Per Bank told analysts on a second-quarter earnings call on Thursday. Hard discount largely refers to the company's No Frills and Maxi chains.

"Those customers who shop there, they are trying to mitigate their inflation."

Affordability continues to drive buying decisions as consumers contend with high gasoline and food prices.

Between prices and a diarrhea-causing parasite, lettuce is causing hard times at some restaurants

It’s been a choppy year for restaurants that lean into lettuce.

Lettuce prices rose sharply in the first half of 2026 due to hot weather in Arizona, where about one-third of America’s lettuce is grown. Now, restaurants are dealing with the fallout from a cyclospora outbreak linked to shredded lettuce that has sickened thousands of Americans.

Yum Brands, the parent company of Taco Bell, said Thursday that Taco Bell's U.S. same-store sales are down 2% so far in the July-September period due to customers' concerns over the outbreak. That compares to a 7% same-store sales increase in the April-June period.

Federal health officials first tied the diarrhea-causing outbreak to shredded iceberg lettuce served at Taco Bell restaurants in Indiana, Kentucky, Michigan, Ohio and West Virginia. Later, the U.S. Food and Drug Administration said customers in Illinois, Kansas, Oklahoma and Pennsylvania were also affected.

Banks seek to implement AI tools for customers … who love them until they don’t work

Few consumer-facing industries illustrate the potential and pitfalls of artificial intelligence more than the financial services sector.

Generative AI — the technology powering chatbots that can seemingly think and provide reasonably correct, if not insightful, answers to our questions — is arguably a wonder of the modern world.

The potential for providing financial advice is indeed palpable. Then again, it’s not hard to imagine the technology running amok especially with people’s money.

A recent report on digital banking services provides insight on the risks and opportunities.

‘Existential’: Community papers struggling to survive amid Canada Post flyer delivery

MONTREAL - Community newspaper owners claim Canada Post is helping to drive some of them out of business thanks to an expanded partnership it forged with the country's largest printing firm.

Last month, the Crown corporation launched the countrywide rollout of a joint venture with Transcontinental Inc. known as Raddar, which saw Canada Post start delivering discount-deal leaflets in all 10 provinces.

Community newspapers have traditionally relied on flyer bundles to fund their publications, which are delivered free to millions of readers in urban and rural communities.

Paul Deegan, CEO of News Media Canada, which represents scores of community papers among the 550 news titles it advocates for, says those outlets are now losing ad clients after being undercut by a government-backed enterprise. The revenue loss threatens to shutter news outlets and leave residents less informed about their communities, he said.