Business World

Prince Edward Islanders spend less money on alcoholic beverages than anyone else in Canada, according to a recent report by Statistics Canada. The report found Islanders spend $614.70 per capita on liquor. The national average was $756.90. Residents of Newfoundland and Labrador spent the most. At $1,029.20, it was the …

There is a principal of financial investigation so old that it’s often used in its original Latin: Cui bono? The question of who benefits, as the term translates, implies that, if you are trying to solve any crime — particularly one involving money — you must look for who stood …

As Nicola Tabb puts it, the world is “drowning in textiles.” “The world is fairly out of balance in terms of everybody believing that it’s OK to spend $4 on a brand new T-shirt that came from China,” said the owner of the Better Off Duds vintage store in Saskatoon. …

By setting up his first physical store in the same building as big names like Coach, Kate Spade and H&M, Brian Berger, the co-founder of online menswear brand Mack Weldon, knew he was facing a major challenge. “It’s like showing up for your first game and it’s the Super Bowl,” …

It’s human nature to compare ourselves to others and when it comes to money, social psychologists say most people have a big blind spot — we only compare upward to those who have more than us. And that’s a losing game in a climate of increasing income inequality where the …

Miss something this week? Don’t panic. CBC’s Marketplace rounds up the consumer and health news you need. Want this in your inbox? Get the Marketplace newsletter every Friday. Could the West Jet-Onex deal ruin your travel plans? Will ticket prices go up? Destinations change? Experts say in the short term, …

The nearly year-long tariff war between Canada and the U.S. is almost over. The Canadian government released a statement Friday saying the two sides have agreed to eliminate the tariffs within two days. “This is pure good news,” said Prime Minister Justin Trudeau at a stop at the Stelco plant …

Listowel, Ont., is a small community northwest of Toronto where Mennonite farmers are still seen on the street with horses and buggies. It’s also a place where a restaurant is embracing technology to help deal with Canada’s tight labour market. “We just can’t seem to find the qualified people, or …

Alberta’s energy industry is pleased with the latest changes to a controversial piece of legislation that many initially feared would cripple Canada’s natural resource sector. On Thursday, the Senate energy committee approved nearly 200 amendments to Bill C-69, which is supposed to improve the way the environmental impacts of major …

U.S. President Donald Trump signed an executive order Wednesday declaring a national emergency and barring U.S. companies from using telecommunications equipment made by firms posing a national security risk. The move paves the way for a ban on doing business with China’s Huawei Technologies. The executive order invokes the International …