Finance

Please review each article prior to use: grade-level applicability and curricular alignment might not be obvious from the headline alone.

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Amid geopolitical uncertainty, Manitoba poised to become a hub for increased efforts to assert Canada’s Arctic sovereignty

Conrad Sweatman 21 minute read Preview
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Amid geopolitical uncertainty, Manitoba poised to become a hub for increased efforts to assert Canada’s Arctic sovereignty

Conrad Sweatman 21 minute read Friday, Aug. 29, 2025

Political ground is shifting, ice is melting and Winnipeg and Manitoba appear poised to play a role worth considering in this uncertain new era of Arctic politics.

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Friday, Aug. 29, 2025

Aviatrice Riette Bacon photo

Aviatrice Riette Bacon photo
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Atlanta Journal-Constitution to stop printing as it transitions to all-digital news

Jeff Amy, The Associated Press 4 minute read Preview
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Atlanta Journal-Constitution to stop printing as it transitions to all-digital news

Jeff Amy, The Associated Press 4 minute read Wednesday, Oct. 15, 2025

ATLANTA (AP) — The Atlanta Journal-Constitution will stop providing a print edition at year's end and go completely digital, a dramatic change for a storied newspaper founded shortly after the Civil War.

The decision will make Atlanta the largest U.S. metro area without a printed daily newspaper, although some smaller metro Atlanta newspapers continue printing.

Publisher Andrew Morse said in his Thursday announcement that the news organization will aim to expand its audience as it continues to report the news using online, audio and video products.

“The fact is, many more people engage with our digital platforms and products today than with our print edition, and that shift is only accelerating," Morse wrote in a letter to subscribers posted on the Journal-Constitution's website. The AJC has about 115,000 total subscribers, of whom 75,000 are online only; Morse has set a goal of gaining 500,000 online subscribers.

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Wednesday, Oct. 15, 2025

Printed copies of The Atlanta Journal-Constitution are shown on Thursday, Aug. 28, 2025, in Atlanta. (AP Photo/Jeff Amy)

Printed copies of The Atlanta Journal-Constitution are shown on Thursday, Aug. 28, 2025, in Atlanta. (AP Photo/Jeff Amy)
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Winnipeggers’ pride bruised by crime, broken infrastructure: poll

Tyler Searle 5 minute read Preview
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Winnipeggers’ pride bruised by crime, broken infrastructure: poll

Tyler Searle 5 minute read Tuesday, Aug. 26, 2025

Life in the big city on the Prairies isn’t all it’s cracked up to be, suggests a new poll that shows Winnipeggers are much less positive about their community than other Manitobans are about theirs.

The poll shows 76 per cent of Winnipeggers agree the city is a great place to live, but a contradictory finding is that they believe conditions in Manitoba’s capital are as bad as they have ever been. Those sentiments are highlighted in a Probe Research poll that found Winnipeggers are “proud, yet profoundly frustrated” about crime and aging infrastructure and their faith in public officials has dwindled.

“We definitely see that there is a palpable sense of frustration with some things, especially for younger folks,” Probe partner Curtis Brown said Tuesday

“This says that there’s work to do. The public expects work to be done to fix some of these big, ongoing challenges that Winnipeg — and all communities, frankly — have been grappling with for years.”

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Tuesday, Aug. 26, 2025

JOHN WOODS / FREE PRESS Winnipeg cityscape from Fort Garry Place Monday, August 25, 2025. Reporter: ?

JOHN WOODS / FREE PRESS Winnipeg cityscape from Fort Garry Place Monday, August 25, 2025. Reporter: ?
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As AI becomes part of everyday life, it brings a hidden climate cost

Caleigh Wells, The Associated Press 6 minute read Preview
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As AI becomes part of everyday life, it brings a hidden climate cost

Caleigh Wells, The Associated Press 6 minute read Friday, Oct. 10, 2025

Marissa Loewen first started using artificial intelligence in 2014 as a project management tool. She has autism and ADHD and said it helped immensely with organizing her thoughts.

“We try to use it conscientiously though because we do realize that there is an impact on the environment,” she said.

Her personal AI use isn't unique anymore. Now it’s a feature in smartphones, search engines, word processors and email services. Every time someone uses AI, it uses energy that is often generated by fossil fuels. That releases greenhouse gases into the atmosphere and contributes to climate change.

And it's getting harder to live without it.

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Friday, Oct. 10, 2025

FILE - A data center owned by Amazon Web Services, front right, is under construction next to the Susquehanna nuclear power plant in Berwick, Pa., on Jan. 14, 2025. (AP Photo/Ted Shaffrey, file)

FILE - A data center owned by Amazon Web Services, front right, is under construction next to the Susquehanna nuclear power plant in Berwick, Pa., on Jan. 14, 2025. (AP Photo/Ted Shaffrey, file)
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Manitoba exports to U.S., China plummet

Gabrielle Piché 5 minute read Preview
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Manitoba exports to U.S., China plummet

Gabrielle Piché 5 minute read Wednesday, Jul. 9, 2025

While Manitoba’s exports to the United States and China plunged earlier this year, the dollar value of its imports soared.

U.S. imports to Manitoba hit roughly $10.97 billion in January through May — an eight per cent increase from the same time in 2024. Meanwhile, imports from China jumped 6.9 per cent year-over-year, totalling $684 million.

“It’s surprising,” said Chuck Davidson, president of the Manitoba Chambers of Commerce.

He’s tracked a sentiment across businesses to bring their supply chains closer to home. Uncertainty has rocked the private sector since Donald Trump was elected U.S. president in November. Tariffs and tariff threats have made regular headlines, shaking operations and causing companies to pause future investments.

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Wednesday, Jul. 9, 2025

Tim Smith/The Brandon Sun Files

Canola and corn grow south of Rivers on Tuesday. Canola oil and meal have been slapped with massive import tariffs by the Chinese government, leading to a downturn in trade.

Tim Smith/The Brandon Sun Files
                                Canola and corn grow south of Rivers on Tuesday. Canola oil and meal have been slapped with massive import tariffs by the Chinese government, leading to a downturn in trade.
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Decade of pride in custom power products for Strong Electric

Aaron Epp 6 minute read Preview
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Decade of pride in custom power products for Strong Electric

Aaron Epp 6 minute read Monday, Jun. 23, 2025

If there’s one thing Darrell Driedger likes, it’s a challenge.

“I’m a custom guy all the way,” he says of his interest in creating unique products. “I’m in my glory when I get a set of plans from a client, can offer suggestions on the design and build and then figure out how we can make it work.”

Driedger is the chief operating officer at Strong Electric Manufacturing Inc., a Winnipeg business that provides standard and custom engineered solutions for the electrical industry.

Located at 906 King Edward St., beside its sister company, SCT Welding, Laser & Manufacturing Co., Strong Electric focuses on electrical distribution products of up to 25,000 volts for the commercial, industrial, utility and mining markets.

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Monday, Jun. 23, 2025

MIKE DEAL / FREE PRESS

Darrell Driedger, chief operating officer at Strong Electric, 906 King Edward Street, on the shop floor with a 2000amp breaker being assembled for an industrial building site. Strong Electric manufactures products for the electrical industry.

MIKE DEAL / FREE PRESS
                                Darrell Driedger, chief operating officer at Strong Electric, 906 King Edward Street, on the shop floor with a 2000amp breaker being assembled for an industrial building site. Strong Electric manufactures products for the electrical industry.
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Animal Services asks for help building sensory garden

Massimo De Luca-Taronno 3 minute read Preview
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Animal Services asks for help building sensory garden

Massimo De Luca-Taronno 3 minute read Monday, Jun. 23, 2025

The City of Winnipeg is counting on dog lovers to make life easier for furry companions who end up in its shelter.

Jennifer Medlicott, the communications co-ordinator at the Animal Services Agency, said there’s a desperate need to create a sensory garden in the facility’s outdoor play yards. The agency, at 1057 Logan Ave., generally houses more than two dozen dogs at a time.

“We’re just looking for opportunities to make the lives of the animals in our care better and I just think we just saw an opportunity,” said Medlicott on Friday. “We dream of a future where we have a large-scale transformation, but we were also trying to look at some short-term solutions and that’s where the sensory garden came up.”

A sensory garden is an area designed to stimulate one or more of the five senses: sight, smell, sound, taste and touch. It incorporates trees, flowers, and any other elements in nature to help reduce stress.

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Monday, Jun. 23, 2025

RUTH BONNEVILLE / FREE PRESS

Sebastian, a two-year-old American Bull Dog mix, runs over one of the enrichment structures at Animal Services.

RUTH BONNEVILLE / FREE PRESS
                                Sebastian, a two-year-old American Bull Dog mix, runs over one of the enrichment structures at Animal Services.
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Part toy, part fashion, the arrival of the viral Labubu was a long time in the making

Michelle Chapman, The Associated Press 5 minute read Preview
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Part toy, part fashion, the arrival of the viral Labubu was a long time in the making

Michelle Chapman, The Associated Press 5 minute read Friday, Oct. 10, 2025

Labubu, the plush toy from China's Pop Mart is a social media darling, but the toothy little monsters are far from an overnight success. Having appeared a decade ago, Labubus may have finally cemented their place in the collectible toy market for years to come.

The Labubu, by artist and illustrator Kasing Lung, first appeared with pointed ears and pointy teeth, in three picture books inspired by Nordic mythology in 2015.

In 2019 Lung struck a deal with Pop Mart, a company that caters to toy connoisseurs and influencers, to sell Labubu figurines. But it wasn't until Pop Mart started selling Labubu plush toys on key rings in 2023 that the toothy monsters suddenly seemed to be everywhere, including in the hands of Rihanna, Kim Kardashian and NBA star Dillon Brooks. K-pop singer Lisa of Blackpink began posting images of hers for her more than 100 million followers on Instagram and on TikTok, where Labubu pandemonium has broken out.

There are 1.4 million #Labubu TikTok posts and counting, videos of fans unboxing them, showing styles inspired by them, and of course, Labubu cosplay.

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Friday, Oct. 10, 2025

This image provided by Pop Mart, shows Labubu, the plush toy from China’s Pop Mart. (Pop Mart via AP)

This image provided by Pop Mart, shows Labubu, the plush toy from China’s Pop Mart. (Pop Mart via AP)
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Rent-free months and gift cards: How Toronto-area landlords are vying for tenants

Sharif Hassan, The Canadian Press 4 minute read Preview
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Rent-free months and gift cards: How Toronto-area landlords are vying for tenants

Sharif Hassan, The Canadian Press 4 minute read Wednesday, Oct. 15, 2025

TORONTO - Toronto landlords are trying to lure in tenants with rent-free months, complimentary Wi-Fi and $500 gift cards amid an unprecedented supply of condos and lower rents.

Real-estate market experts say the fierce competition – which extends beyond the Greater Toronto Area – is giving renters more negotiating power, echoing trends last seen during the COVID-19 pandemic.

Two months of free rent, free parking and gift cards for food delivery or public transit are among thousands of dollars' worth of perks and discounts advertised on Toronto rental listing websites and apps.

While such incentives are ubiquitous in Toronto, landlords in other GTA cities and the Greater Hamilton Area are also locked in a tight contest that benefits renters.

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Wednesday, Oct. 15, 2025

Condo towers dot the Toronto skyline Jan. 28, 2021. THE CANADIAN PRESS/Frank Gunn

Condo towers dot the Toronto skyline Jan. 28, 2021. THE CANADIAN PRESS/Frank Gunn
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The penny costs nearly 4 cents to make. Here’s how much the US spends on minting its other coins

Wyatte Grantham-philips, The Associated Press 4 minute read Preview
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The penny costs nearly 4 cents to make. Here’s how much the US spends on minting its other coins

Wyatte Grantham-philips, The Associated Press 4 minute read Wednesday, Oct. 15, 2025

NEW YORK (AP) — The impending “death” of the U.S. penny has spotlighted the coin's own price tag — nearly 4 cents to make and distribute each, or quadruple its value.

Months after President Donald Trump called on his administration to cease penny production, the U.S. Mint announced this week that it had made its final order of penny blanks — and plans to stop making new 1 cent coins after those run out.

Coin production costs vary thanks to different raw metals used, complexity of their designs, labor needed and more. Many of those expenses have been on the rise — and the penny isn't the only coin entering our wallets today that costs more to make than it's worth (enter the nickel debate).

Here's a rundown of U.S. Mint production costs from the government's latest fiscal year.

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Wednesday, Oct. 15, 2025

FILE - Freshly-made pennies sit in a bin at the U.S. Mint in Denver on Aug. 15, 2007. (AP Photo/David Zalubowski, File)

FILE - Freshly-made pennies sit in a bin at the U.S. Mint in Denver on Aug. 15, 2007. (AP Photo/David Zalubowski, File)
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Poll highlights belief in rising corruption

Gabrielle Piché 4 minute read Friday, Nov. 29, 2024

Manitobans’ trust in businesses — and government’s ability to address corruption — is on a downhill slope, a new Angus Reid Institute poll found.

“I feel like things are getting more and more shifty, especially after COVID,” said Will Houston, as he shopped in a Winnipeg supermarket this week.

Prices across the board have skyrocketed over the past few years, he noted.

“I fully acknowledge that there are supply chains and there’s people who need to be paid all the way back to the producer,” Houston said. “But I think that there are people who are taking a higher cut than they used to.”

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Time to replace your car? How to tell when repair bills are no longer worth it

Ritika Dubey, The Canadian Press 5 minute read Preview
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Time to replace your car? How to tell when repair bills are no longer worth it

Ritika Dubey, The Canadian Press 5 minute read Wednesday, Oct. 15, 2025

TORONTO - Deciding whether to fix your aging car again or trade it in for a new one can be a tough calculation at the best of times, let alone when financing costs have significantly jumped and car prices have soared.

Whether to repair or replace your car comes down to balancing the cost and utility of the vehicle, according to Ben Mayhew, a financial planner and founder of Aergo Financial Planning in Halifax.

"But when you're in an environment where used car prices and new car prices are significantly higher, we need to go deeper on looking at that balance," he said.

He suggested finding a trustworthy mechanic who can help determine if an expensive repair could help defer acar purchase.

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Wednesday, Oct. 15, 2025

Deciding whether to keep fixing your aging car or trade it in for a new one is a tough calculation. A new vehicle for sale is seen at an auto mall in Ottawa, on Monday, April 26, 2021. THE CANADIAN PRESS/Justin Tang

Deciding whether to keep fixing your aging car or trade it in for a new one is a tough calculation. A new vehicle for sale is seen at an auto mall in Ottawa, on Monday, April 26, 2021. THE CANADIAN PRESS/Justin Tang
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Canada reports fastest population growth in history in third quarter of 2023

Nojoud Al Mallees, The Canadian Press 5 minute read Preview
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Canada reports fastest population growth in history in third quarter of 2023

Nojoud Al Mallees, The Canadian Press 5 minute read Wednesday, Oct. 15, 2025

OTTAWA - Canada's pace of population growth continues to set records as the country brings in a historic number of temporary residents, largely through international student and temporary foreign worker programs.

The country'spopulation grew by more than 430,000 during the third quarter, marking the fastest pace of population growth in any quarter since 1957.

Statistics Canada released its Oct. 1 population estimates on Tuesday, putting the number at more than 40.5 million.

The agency says the population growth over the first nine months of 2023 has already surpassed the total growth in any other full year, including the record set in 2022.

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Wednesday, Oct. 15, 2025

Canada’s population grew by more than 430,000 during the third quarter, marking the fastest pace of population growth in any quarter since 1957. Children stand to sing O Canada after being sworn-in as Canadian citizens at the Halifax Citadel in Halifax on Wednesday, May 24, 2023. THE CANADIAN PRESS/Darren Calabrese

Canada’s population grew by more than 430,000 during the third quarter, marking the fastest pace of population growth in any quarter since 1957. Children stand to sing O Canada after being sworn-in as Canadian citizens at the Halifax Citadel in Halifax on Wednesday, May 24, 2023. THE CANADIAN PRESS/Darren Calabrese
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Study shows ‘striking’ number who believe news misinforms

David Bauder, The Associated Press 3 minute read Preview
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Study shows ‘striking’ number who believe news misinforms

David Bauder, The Associated Press 3 minute read Thursday, Dec. 4, 2025

NEW YORK (AP) — Half of Americans in a recent survey indicated they believe national news organizations intend to mislead, misinform or persuade the public to adopt a particular point of view through their reporting.

The survey, released Wednesday by Gallup and the Knight Foundation, goes beyond others that have shown a low level of trust in the media to the startling point where many believe there is an intent to deceive.

Asked whether they agreed with the statement that national news organizations do not intend to mislead, 50% said they disagreed. Only 25% agreed, the study found.

Similarly, 52% disagreed with a statement that disseminators of national news “care about the best interests of their readers, viewers and listeners,” the study found. It said 23% of respondents believed the journalists were acting in the public's best interests.

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Thursday, Dec. 4, 2025

FILE - An electronic ticker displays news Wednesday, March 11, 2020, in New York's Times Square. A new survey released Wednesday, Feb. 15, 2023, shows fully half of Americans indicate they believe national news organizations intend to mislead, misinform or persuade the public to adopt a point of view. (AP Photo/Mary Altaffer, File)

FILE - An electronic ticker displays news Wednesday, March 11, 2020, in New York's Times Square. A new survey released Wednesday, Feb. 15, 2023, shows fully half of Americans indicate they believe national news organizations intend to mislead, misinform or persuade the public to adopt a point of view. (AP Photo/Mary Altaffer, File)
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Investors behaving badly

By Joel Schlesinger 6 minute read Preview
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Investors behaving badly

By Joel Schlesinger 6 minute read Saturday, Apr. 30, 2016

Finance professor Chi Liao’s background in mathematics often comes in handy in her line of work.

After all, both corporate and investment finance are built upon numbers. Yet financial reporting — balance sheets and cash-flow analysis — is not her area of interest.

In fact, her expertise has less to do with the numerical side of money and more to do with how our emotions affect how we manage our hard-earned cash.

“I’ve always been fascinated by people-watching and why it is we do what we do,” says Liao, who studied mathematics and finance before completing a PhD in behavioural finance from the University of Toronto in 2014.

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Saturday, Apr. 30, 2016

MIKE DEAL / WINNIPEG FREE PRESS
Chi Liao, a U of M assistant professor, whose expertise is in behavioural finance, says biases can lead to bad decisions.

MIKE DEAL / WINNIPEG FREE PRESS
Chi Liao, a U of M assistant professor, whose expertise is in behavioural finance, says biases can lead to bad decisions.

Gas pains: soaring prices due to Mideast conflict could lead to energy turning point in Canada

Dan Lett 9 minute read Preview

Gas pains: soaring prices due to Mideast conflict could lead to energy turning point in Canada

Dan Lett 9 minute read Friday, Mar. 20, 2026

Veteran actor Billy Bob Thornton may seem like an unlikely source of wisdom about the world’s relentless dependence on oil. Then again, it would be hard to find a better, more poignant description of the global addiction than a diatribe he delivered in a recent episode of Landman, a melodrama set in the Texas oil industry.

Thornton’s character, Tommy Norris, a crisis manager for a large oil company, is walking through a wind turbine farm that generates electricity to power remote oil rigs. Norris notes that over a wind turbine’s 20-year lifespan, the “clean” energy it produces won’t offset the carbon emitted in the manufacturing of its components or its installation. The same economics, Norris says, can be applied to solar panels and batteries for electric vehicles.

Then, the punchline.

“Our whole lives depend on (oil). And hell, it’s in everything — that road we came in on, the wheels on every car ever made, including yours. It’s in tennis rackets and lipstick and refrigerators and antihistamines. Pretty much anything plastic: your cellphone case, artificial heart valves, any kind of clothing that’s not made with animal or plant fibers. Soap, f—king hand lotion, garbage bags, fishing boats. You name it, every f—king thing. And you know what the kicker is?

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Friday, Mar. 20, 2026

Gas and diesel prices at the Shell Gas Station at the Corral Centre in Brandon on Friday. (Tim Smith/The Brandon Sun)

Gas and diesel prices at the Shell Gas Station at the Corral Centre in Brandon on Friday. (Tim Smith/The Brandon Sun)

Shopping bill is a good pre-emptive strike

Editorial 4 minute read Preview

Shopping bill is a good pre-emptive strike

Editorial 4 minute read Friday, Mar. 20, 2026

On the face of it, it looks like a solution desperately hunting for a problem.

But that’s sometimes the way proactive legislation looks.

As first salvos go, Manitoba’s Bill 49 should probably be viewed not an effort not to deal with an imaginary problem, but one being put in place to ensure that the problem doesn’t arrive.

What the bill does is to add individual pricing to the province’s collection of improper business practices.

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Friday, Mar. 20, 2026

File

A shopping cart with grocery products

File
                                A shopping cart with grocery products

Most Canadians want to ban or regulate algorithmic pricing, poll shows

Anja Karadeglija, The Canadian Press 5 minute read Preview

Most Canadians want to ban or regulate algorithmic pricing, poll shows

Anja Karadeglija, The Canadian Press 5 minute read Thursday, Mar. 19, 2026

OTTAWA - Most Canadians want the government to ban or regulate the use of algorithms to set prices, a new poll suggests — with half of respondents saying the practice is unfair because it can result in people paying different prices for the same product.

The Abacus Data poll, which was conducted online and can't be assigned a margin of error, surveyed 1,931 Canadians on algorithmic pricing.

The poll defined algorithmic pricing as the adjustment of prices in real time based on such factors as who is buying, the time of day and browsing behaviour.

Algorithmic pricing is already established in sectors like travel but has been expanding into other markets, such as retail and rental housing. It could, for example, lead to a retailer charging different prices for diapers online, depending on what it can glean about a shopper's habits.

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Thursday, Mar. 19, 2026

A cashier rings in purchases at a grocery store in North Vancouver on Sunday, March 22, 2020. THE CANADIAN PRESS/Jonathan Hayward

A cashier rings in purchases at a grocery store in North Vancouver on Sunday, March 22, 2020. THE CANADIAN PRESS/Jonathan Hayward

Abercrombie & Fitch to open first Manitoba store in Polo Park

Aaron Epp 6 minute read Preview

Abercrombie & Fitch to open first Manitoba store in Polo Park

Aaron Epp 6 minute read Wednesday, Mar. 11, 2026

If Peter Havens has learned anything from two decades of managing shopping centres, it’s that malls reinvent themselves.

“That’s really the name of the game in retail, is to keep it fresh,” said Havens, general manager of CF Polo Park.

Winnipeg’s largest mall is keeping it fresh this year with the addition of the province’s first Abercrombie & Fitch store. The 133-year-old lifestyle retailer will open a store in April or May in the main-floor space once occupied by Hollister.

“They’re excited to be in Winnipeg,” Havens said.

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Wednesday, Mar. 11, 2026

MIKAELA MACKENZIE / FREE PRESS

Peter Havens, general manager at CF Polo Park, on Wednesday, March 11, 2026. For Aaron story. Free Press 2026

MIKAELA MACKENZIE / FREE PRESS
                                Peter Havens, general manager at CF Polo Park, on Wednesday, March 11, 2026. For Aaron story. Free Press 2026

How the Iran war and surging oil prices are affecting consumers at the gas pump and beyond

Cathy Bussewitz, Mae Anderson And Chris Rugaber, The Associated Press 7 minute read Preview

How the Iran war and surging oil prices are affecting consumers at the gas pump and beyond

Cathy Bussewitz, Mae Anderson And Chris Rugaber, The Associated Press 7 minute read Wednesday, Mar. 11, 2026

NEW YORK (AP) — As the war in Iran ratchets up, the price of crude oil has been swinging sharply. Consumers are already feeling the effects of the war and its destabilizing effect on worldwide energy production.

Gasoline prices are climbing, and many people will find some of the most immediate economic pain at the pump.

But you don't have to drive a car to be affected. Nearly all goods — including food — that are bought and sold must travel from where they’re produced. Those costs will climb with higher gasoline, diesel and jet fuel prices.

And the spike in oil prices — surpassing $110 a barrel, then retreating — will likely be a big factor for U.S. inflation. As the war continues, some experts say the price of, well, everything could be affected.

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Wednesday, Mar. 11, 2026

Gas prices are seen on a Shell station marqee Monday, March 9, 2026, in Arlington, Texas. (AP Photo/Julio Cortez)

Gas prices are seen on a Shell station marqee Monday, March 9, 2026, in Arlington, Texas. (AP Photo/Julio Cortez)

Show her the money

Joel Schlesinger 6 minute read Preview

Show her the money

Joel Schlesinger 6 minute read Saturday, Mar. 7, 2026

Slogans and even legislation only go so far in a world in which cash rules everything around us.

That remains true today, especially for women on the eve of International Women’s Day, commemorating the long fight for equality, rights and liberation.

Society has made strides, including legislation ensuring women receive equal pay for equal work.

It must also be recognized — especially on the financial ledger — more work needs to be done. Financial inequality remains a glaring sore spot.

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Saturday, Mar. 7, 2026

Spin Master sees loss, lower revenue in holiday quarter

Tara Deschamps, The Canadian Press 4 minute read Preview

Spin Master sees loss, lower revenue in holiday quarter

Tara Deschamps, The Canadian Press 4 minute read Friday, Mar. 6, 2026

TORONTO - Spin Master Corp.'s busiest time of year left the business with some holiday blues — a US$184.3 million loss.

The Toronto-based toy maker behind the Paw Patrol, Hatchimals and Melissa & Doug brands announced the fourth-quarter result Thursday, saying it compared with a profit of US$21.1 million or 20 cents US per diluted share a year earlier.

The company, which keeps its books in U.S. dollars, blamed the loss on a US$229.1-million non-cash impairment of goodwill and intangible assets and said it came as Spin Master capped "a challenging year for our U.S. toy sales."

"We navigated a difficult tariff macro environment and while we achieved many of our goals, our results did not meet our expectations we set at the beginning of the year," conceded CEO Cristina Miller on a call with analysts.

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Friday, Mar. 6, 2026

A company logo is shown at the Spin Master toy and entertainment company office in Toronto on Jan. 29, 2019. THE CANADIAN PRESS/Nathan Denette

A company logo is shown at the Spin Master toy and entertainment company office in Toronto on Jan. 29, 2019. THE CANADIAN PRESS/Nathan Denette

Manitoba small businesses losing faith in U.S. as a trade partner, poll shows

Malak Abas 4 minute read Preview

Manitoba small businesses losing faith in U.S. as a trade partner, poll shows

Malak Abas 4 minute read Wednesday, Mar. 4, 2026

When Kathy Tran-Riese’s eyeglass company was faced with a tough decision in the face of a trade war last May — eat the huge tariff cost, or pause shipments to the U.S. — she chose the latter, losing nearly half of her customer base in the process.

Nearly a year later, she’s found a way to make it work. KayTran Eyewear opened a distribution centre in Ohio in September to receive the frames, which are made for people with low nose bridges and exported from China, directly into the U.S. But now, she’s navigating a new hurdle: trying to repair her business’s relationship with its American customers.

“From my perspective, I almost foolishly thought that as soon as it opened up, it would be opening up the floodgates in a way, customers that had been waiting to come back and waiting to return with us,” she said Wednesday.

“But once you lose that customer base for several months, a lot of them have gone elsewhere, a lot of them have lost touch with you.”

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Wednesday, Mar. 4, 2026

RUTH BONNEVILLE / FREE PRESS FILES

Kathy Tran-Riese, owner of KayTran Eyewear, is working hard to repair her business’s relationship with its American customers.

RUTH BONNEVILLE / FREE PRESS FILES
                                Kathy Tran-Riese, owner of KayTran Eyewear, is working hard to repair her business’s relationship with its American customers.

Google settles with Epic Games with offer to lower its app store commissions

Michael Liedtke, The Associated Press 4 minute read Preview

Google settles with Epic Games with offer to lower its app store commissions

Michael Liedtke, The Associated Press 4 minute read Thursday, Mar. 5, 2026

SAN FRANCISCO (AP) — Google will lower the lucrative fees imposed on its Android app store and offer a way for rival options to gain its stamp of approval, ending a bruising legal battle that led to one of several rulings condemning its tactics as an illegal monopoly.

The proposed changes filed Wednesday with a federal court in San Francisco mark the latest twist in a case that began in August 2020 when video game maker Epic Games filed an antitrust case seeking to make it easier for alternative payment options to compete against Google's Play Store system, which charges 15% to 30% commissions on a wide variety of in-app transactions.

Google's concessions come five months after the U.S. Supreme Court refused to hear an appeal of the company's attempt to overturn a federal judge's order requiring a far more extensive overhaul of the Play Store following a 2023 trial that culminated in a jury declaring the setup an illegal monopoly.

Backed into a legal corner, Google is now prepared to decrease its baseline commissions for subscriptions and e-commerce transactions into the 10% to 20% range. It's also offering an optional 5% payment processing charge that would be applied in addition to the other service fees for apps that prefer to keep everything within the Play Store.

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Thursday, Mar. 5, 2026

FILE - The Epic Games logo is seen in San Francisco on Sept. 1, 2010. (AP Photo/Paul Sakuma, File)

FILE - The Epic Games logo is seen in San Francisco on Sept. 1, 2010. (AP Photo/Paul Sakuma, File)