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Big Tobacco doesn’t want any smoke… literally

The market for cigarettes might be going up in smoke, but Big Tobacco has new products ready to take their place.

Driving the news: Tobacco giants Philip Morris and Altria both posted revenues last quarter that blew past analyst estimates thanks to booming demand for smoke-free cigarette alternatives like nicotine pouches and heated tobacco sticks. 

Canada’s got a GDP per capita problem

Even with AI tools, highly caffeinated beverages, and a roster of podcasts eager to tell us all how to work “smarter,” Canadians are in a bit of a productivity slump. 

Driving the news: Canada’s economic output per person has fallen below its long-term trend by 7% — a loss of around $4,200 per person — according to a new report by Statistics Canada.

Honda is the latest entrant into Canada’s EV arena

Like a rapper officially releasing a leaked diss track, Honda has dropped a long-awaited project that’s making waves throughout the industry. 

What happened: Honda officially announced its $15 billion electric vehicle investment plan in Ontario, with designs to build four — count ’em, four — new EV plants in the province. The federal government touted the move as the “largest auto investment in Canada’s history.”

Salmon farming business is in its flop era

Canada’s salmon farming industry is gasping like a fish out of water right now, and consumers looking for some homegrown salmon could soon pay the price.

Driving the news: Last year, production of farm-raised salmon in Canada hit its lowest level since 2000, per new numbers from the Canadian Aquaculture Industry Alliance. A total of 90,000 metric tonnes of salmon were farmed, a colossal 39% dip from the record-high crop seen in 2016. 

Pop brands join the drink industry’s health kick

The way things are trending, a nice fizzy drink could soon replace your morning vitamins.

Driving the news: Legacy pop brands like Coca-Cola, Pepsi, and Sprite are dropping new low-cal, bold-flavoured drinks in an effort to keep up with newer brands that are catering their fizzy beverages to younger and health-conscious consumers. 

Indigenous investing is on the rise

Just like a space probe hurtling through deep space, Indigenous investing is only going up.

What happened: The First Nations Bank of Canada — the largest Indigenous-owned bank in the country — announced a plan to raise as much as $50 million to reach more customers, expand its capital by as much as 50%, and double its loan book to $600 million.  

Teacher shortage prompts perfect grades

Some parents might be less than thrilled when they find out their kid's perfect grade on a biology midterm was more of a participation trophy. 

Driving the news: A group of grade 12 students at Ontario’s St. Maximilian Kolbe Catholic High School walked out of their biology and business midterms with perfect grades as the school board grapples with a teacher shortage that has left classes without full-time educators.

Uber pulls up to Newfoundland

Break out the bottle of Screech and reel in a kissable cod because Newfoundland has a new resident: Uber.

What happened: Uber is now servicing St. John’s, Newfoundland's largest city, and the accompanying Avalon Peninsula area. It is the first ride-sharing company to operate on the Rock since the province updated its Highway Traffic Act late last year to support such services. 
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