All Business stories

Cocoa prices are going cuckoo

Warning: the Easter Bunny might be dropping off fewer chocolate eggs than usual this year. 

Driving the news: Over the past year, cocoa futures have surged 250% as suppliers grapple with a historic shortage. After breaking a record high last month, prices have passed US$10,000 per metric tonne, a number that would have been unthinkable just weeks ago. 

Reddit’s IPO was a success. Now what?

Before we get too far into it, let’s answer a burning question: Yes, someone dressed as Reddit’s alien mascot rang the NYSE’s opening bell on Thursday.

Unilever gives ice cream the cold shoulder

Like a vanilla cone on a scorching July day, Unilever’s faith in its ice cream biz is melting.

What happened: Gargantuan multinational Unilever plans to spin off (or if all else fails, sell) its ice cream business by the end of next year. With popular brands like Ben & Jerry’s, Breyers, and Magnum, the new entity would be the world’s largest ice cream company.

LinkedIn wants to add games

Attention all you jobseekers and headhunters out there: Invest in a headset, a gaming chair, and a whole bunch of Mountain Dew Code Red — because LinkedIn is for gamers now. 

What happened: LinkedIn confirmed that it has begun working on games for the platform in a bid to get users to spend more time "networking." Per one app researcher, the games will have a system where companies are ranked by how well their employees do. 

How a Canadian startup fits into Apple’s AI goals

Apple’s latest stealthy acquisition brings a Canadian startup into AI plans that are slowly coming into focus.

Nestlé’s future may involve healthier snacks

In a reversal of the famous slogan, Nestlé’s shareholders are telling the company to take a break from the KitKats. 

Driving the news: Nestlé is facing demands from its shareholders to sell more nutritious foods. The coalition is led by a responsible investing charity that has criticized the world’s biggest food maker for relying too “heavily on sales of less healthy foods.”

Do suits still suit Canada’s menswear sector?

As ‘athleisure’ and ‘quiet luxury’ continue to dominate fashion trends, one Canadian menswear store that made its name with formalwear is trying to keep up with the times.

What happened: The historic Canadian men’s clothier Harry Rosen is launching a five-year, $50 million plan to overhaul its stores across Canada, including making stores better suited (lol) for online pick-ups, condensing display spaces, and showcasing newer, trendier labels.

Loblaw lays down new security measures

If you thought the security line was bad at Toronto’s Pearson Airport, wait until you see the queue of customers just trying to leave your local Loblaws. 

Driving the news: Loblaw-owned grocery stores, including Superstore and Zehrs, are now testing receipt scanning systems at four locations in Ontario, part of the company’s efforts to beef up security as thefts at grocery stores and retailers rise across Canada. 

The billionaires are fighting about AI again

Most online arguments are pretty easy to ignore, but sometimes the arguments are about how to spend billions of dollars on a world-changing technology.

Canada’s tourism industry has a China-sized hole

Niagara Falls, the CN Tower, and even the world’s largest coffee pot aren’t enough to lure Chinese tourists back to Canada.

Driving the news: Last year, only 225,100 Chinese visitors came to Canada, down from ~750,000 tourists seen before the pandemic, according to recent StatCan data. The loss in the big-spending Chinese market is a blow for Canada's still-recovering tourism industry.