All Business stories

It’s a good day to be a crab

Crab fishers in Newfoundland and Labrador are sick and tired of being pinched — not by crabs, but by what they feel are unfair industry pricing practices. 

What happened: Crab fishing season officially began in Newfoundland last weekend, but fishers who are members of the Fish, Food and Allied Workers Union (FFAW) are staying on dry land, protesting a crab pricing system they feel makes it impossible to earn a living.

RBC fires CFO over personal relationship

While RBC has been focused on formalizing its new relationship with HSBC, a secret relationship among the bank’s highest ranks has shaken up the executive team.

What happened: Nadine Ahn, the now former CFO of Canada’s biggest bank, was fired after an investigation revealed that she had an undisclosed relationship with another high-ranking employee. The relationship reportedly led to special treatment, like raises and promotions.

Explain It Like I'm Five: Made-for-advertising websites

Made-for-advertising (MFA) sites are crammed with as many ads as possible, drawing in visitors with spammy clickbait, fake news, and conspiracy content.

Dollarama can’t stop, won’t stop, making money

Despite consumer outrage over the fact some things cost five bucks there these days — a miscarriage of retail justice if there ever was one — shoppers keep going back to Dollarama.

What happened: The bargain seller reported a 24% jump in profits for the final quarter of 2023 alongside an 8.7% rise in comparable store sales (which tracks growth without counting new locations) as Canadian shoppers increased their number of dollar store trips.  

The solar eclipse economy is booming

Total Solar Eclipse 2024: A once-in-a-lifetime chance to witness the celestial event, and a great excuse to stick an Oreo on a doughnut and charge extra for it.

Driving the news: On Monday, the sun will disappear behind the moon for roughly four minutes, spanning parts of Ontario, Québec, New Brunswick, P.E.I., Nova Scotia, and Newfoundland and Labrador. People are excited, and the eclipse business is booming. 

Disney wins its boardroom battle

Disney can return to making magic after showing its critics that Bob Iger is here to stay.  

What happened: One of the world’s most important entertainment companies and its CEO Bob Iger prevailed in a boardroom battle against the activist investor Nelson Peltz, marking the end of a dramatic (and expensive) campaign to secure the confidence of shareholders. 

RBC puts the finishing touches on HSBC takeover

If you spotted an RBC on your commute this morning you could have sworn was an HSBC, don’t worry, you’re not going crazy… 

Driving the news: We hope you’ve said your final goodbyes to HSBC’s Canadian arm, since this week you’ll find that dozens of HSBC branches transformed into RBCs overnight, marking the final stages of the 2022 $13.5 billion acquisition by the country’s largest bank. 

How does motorcycle racing affect your pension?

The owner of Formula One is looking to diversify its portfolio of ‘vroom vroom sports’ (as we like to call them).

What happened: Liberty Media is in late-stage discussions to buy Dorna Sports — the owner of MotoGP, the world’s top motorcycle road racing league — for a cool €4 billion. 

Class is in session for Spotify

The tuition for Spotify University could be the latest way the streamer gets as much money as it can from its users.

Marineland stays in hot water

Marineland’s marketing team might’ve forgotten to consult the animals before deciding to stick with the famous “Everyone loves Marineland” jingle.

Driving the news: Marineland has denied claims that it’s closing down, despite a tumultuous month that has included animal cruelty charges and reports of two more dead whales, bringing the park’s tally of whale deaths to a gut-wrenching 17 since 2019.