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Business News

Hackers release corporate data stolen from London Drugs

CBC Business News - 7 hours 28 min ago

The retail and pharmacy chain had to shut down its nearly 80 stores across B.C., Alberta, Saskatchewan and Manitoba for a week after the cyberattack was reported on April 28.

Categories: Business News

Seafood chain Red Lobster will ask Canadian court to enforce U.S. bankruptcy in Canada

CBC Business News - 10 hours 25 min ago

Days after Red Lobster filed for Chapter 11 bankruptcy and announced that it would close dozens of its seafood restaurants, the chain's Canadian counterpart will ask a Canadian court to enforce the U.S. bankruptcy in Canada, CBC News has learned.

Categories: Business News

U.S. suing Ticketmaster owner Live Nation

CBC Business News - 13 hours 31 min ago

The U.S. Justice Department and a group of 30 states and the District of Columbia Thursday sued to break up Live Nation, arguing the big concert promoter and its Ticketmaster unit illegally inflated concert ticket prices and hurt artists.

Categories: Business News

How to Influence Consumer Behaviour

Canadian Business - 13 hours 42 min ago

Fast-food restaurants have a single-use waste problem. Three million tonnes of plastic end up in Canada’s landfills each year, and half of that is packaging, according to Statistics Canada. In fact, Canadians use 1.5 billion disposable cups alone each year. A&W Canada thinks that’s far too many.

(Illustration: Soña Lee)

Over the past few years, many fast-food companies have tried to crack the cup problem. In 2021, some Toronto-area Burger King and Tim Hortons restaurants tested out reusable cups through TerraCycle’s Loop pilot program, which collects, cleans and redistributes reusable packaging. But systems like these require customers to put in effort: pay a deposit, Scan a QR code, download an app and return items to a specific collection spot. Sustainability advisers say any friction may deter customers from committing.

A&W Canada took a different approach. “We came up with the simplest option to get people to start changing their behaviour,” says Angela Griffiths, strategy manager and vice-president of food safety, animal welfare and environment at A&W Canada. In the burger chain’s latest eco-friendly effort, it zeroed in on diverting cups from landfills with the introduction of its One Cup program: Pay $3 for a reusable cup and exchange it for a clean one on your next visit—no fussy rules or inconvenient caveats.

Angela Griffiths, vice-president of food safety, animal welfare and environment at A&W Canada (Photography: Jackie Dives)

The challenge was designing a reusable cup that people would actually use. The brand first tested 650-mL cups, but customers said they were too big. Meanwhile, staff suggested the cups should fit underneath all the machines and include markings to show different serving sizes.

A&W Canada had initially tried to tackle the issue in 2022 with its Zero Cup, a fully compostable and recyclable cup without a lid or plastic liner. But customers didn’t like the “papery” taste, so the program wasn’t expanded.

After 18 months of ideation, sourcing and testing, the chain created a new reusable 590-mL cup, and in October 2023, A&W Canada launched its One Cup program. The cup is made of recyclable polypropylene and can hold any drink on the menu—from a hot coffee to a root-beer cream freeze. Upon exchange, the cups are cleaned in a high-temperature sanitizing dishwasher alongside A&W’s iconic glass root-beer mugs and then put back into circulation.

Related: 10 Smart Eco-Friendly Swaps for Items You Use Every Day

So far, the program has diverted 200,000 cups from landfills, and the company aims to hit the one-million mark this year. To encourage guests to switch up their habits, A&W Canada set up a booth near a Toronto university campus and had the “A&W Guy” from its ads hand out free One Cups to students, which resulted in a viral TikTok with one million views. To get staff to recommend the One Cup to customers, the brand held an official contest: Stores that sold the most cups were rewarded with gift cards and pizza parties.

For other restaurants aiming to promote a change in consumer habits, Griffiths suggests investing time in testing to make a product people actually want to use. “Think about the design, the feel and the look,” she says. “It has to be something that’s appealing to your target audience.”

The post How to Influence Consumer Behaviour appeared first on Canadian Business – How to Do Business Better.

Categories: Business News

TD Bank's failure to thwart money laundering in U.S. prompts calls for stronger regulation at home

CBC Business News - 15 hours 33 min ago

TD Bank CEO Bharat Masrani said during the bank's second quarter earnings call Thursday that it failed to thwart criminal activity on multiple occasions. Some experts say that Canada's regulatory system needs to be more aggressive in punishing banking institutions that let financial crime go unchecked.

Categories: Business News

Posthaste: AI are the world's hottest jobs, but Canada’s been slow to adapt

Financial Post TopStories - 16 hours 50 min ago
Postings with AI requirements are growing 3.5 times faster than all other jobs
Categories: Business News

Ottawa removes regulatory red tape for Trans Mountain pipeline

CBC Business News - Wed, 2024-05-22 18:16

According to federal government newspaper Canada Gazette, Trans Mountain Corporation and the Canada Development Investment Corporation will no longer need to consult a top government official to incorporate their subsidiaries.

Categories: Business News

Canadian banking regulator says real estate, mortgages pose risk to financial systems

CBC Business News - Wed, 2024-05-22 12:27

Canada's banking regulator says real estate secured lending and mortgages are among the top risks the country's financial system is facing, as higher interest rates pressure borrowers.

Categories: Business News

Alberta most popular among Canada's interprovincial migrants: Statistics Canada

Financial Post TopStories - Wed, 2024-05-22 10:06
Most of its major cities recorded net gains
Categories: Business News

Québecor says Loblaw deal with telecom is anti-competitive, calls on Ottawa to step in

CBC Business News - Wed, 2024-05-22 01:00

The head of telecom and media firm Quebecor is calling for the federal government to intervene over a deal between Loblaw and a company owned by Rogers and Bell that would see his company — and other telecom companies — pushed out of 180 Loblaw-owned stores.

Categories: Business News

WestJet delays integration of Sunwing to 2025

CBC Business News - Tue, 2024-05-21 12:12

WestJet is pushing back its planned integration of Sunwing Airlines, which the Calgary-based carrier acquired last year.

Categories: Business News

Inflation data 'all clear' for Bank of Canada interest rate cut in June, economists say

Financial Post TopStories - Tue, 2024-05-21 08:02
'April’s data sent a loud and clear message that disinflation is here to stay'
Categories: Business News

Boeing invests $240M to create Montreal-area aerospace innovation zone

CBC Business News - Tue, 2024-05-21 07:58

Boeing, a giant in the aircraft manufacturing industry, is putting up $240 million to create an aerospace innovation zone in the Montreal area, with operations in the city's Saint-Laurent borough, Longueuil and Mirabel.

Categories: Business News

Inflation cooled to 2.7% in April as food price growth slowed

CBC Business News - Tue, 2024-05-21 05:46

Canada's consumer price index cooled to 2.7 per cent in April, down from 2.9 per cent in March, led by a decline in the growth of food prices, Statistics Canada said Tuesday.

Categories: Business News

Posthaste: Why Canada is better able to handle the costs of an aging population than other countries

Financial Post TopStories - Tue, 2024-05-21 05:00
Fully funded CPP and immigration will lower financial hit, says RBC
Categories: Business News

Passenger dead, 30 injured as Singapore Airlines flight hits severe turbulence, officials say

CBC Business News - Tue, 2024-05-21 04:23

One passenger died and 30 were injured after a Singapore Airlines flight from London hit severe turbulence Tuesday, forcing it to make an emergency landing in Bangkok, officials and the airline said.

Categories: Business News

Is that Her? OpenAI halting ChatGPT voice after some say it sounds like Scarlett Johansson

CBC Business News - Mon, 2024-05-20 18:13

Company said it had "heard questions" about how it selects the lifelike audio options available for its flagship artificial intelligence chatbot and wanted to address them.

Categories: Business News

Corporations are buying local vet clinics — raising questions about price, choice and quality of care

CBC Business News - Mon, 2024-05-20 01:00

Large and often international companies have been snapping up local clinics around Canada, raising questions come about who's in control of animal care, costs and the future of the independent vet.

Categories: Business News

Auto theft crisis deepens as insurance claims top $1.5 billion for first time

Financial Post TopStories - Sun, 2024-05-19 08:00
Claims have spiked 56% over the past six years and costs have shot up 254%
Categories: Business News
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