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Retail & Manufacturing

July retail sales 'positive surprise' but need more rate cuts to persist: analysts

July retail sales 'positive surprise' but need more rate cuts to persist: analysts

Retail sales edged up in July, but economists say it will take further interest rate cuts to really spark lasting activity. Statistics Canada said Friday that retail sales rose 0.9 per cent to $66.4 billion in July, helped by stronger new car sales.
Statistics Canada says manufacturing sales up 1.4% in July at $71B

Statistics Canada says manufacturing sales up 1.4% in July at $71B

OTTAWA — Statistics Canada says manufacturing sales rose 1.4 per cent to $71 billion in July, helped by higher sales in the petroleum and coal and chemical product subsectors. The increase followed a 1.7 per cent decrease in June.
Business leaders react to controversial Lululemon hiring

Business leaders react to controversial Lululemon hiring

Athleisure retailer threatened moving headquarters out of Vancouver if it could not easily hire temporary foreign workers
Cash-strapped parents seek back-to-school deals as years of inflation take a toll

Cash-strapped parents seek back-to-school deals as years of inflation take a toll

TORONTO — When August rolled around, April Hicke realized the $100 she typically gives her 13-year-old son to update his wardrobe in time for school to start was no longer enough.
Lululemon cuts full-year outlook amid struggle with 'newness' in its womenswear

Lululemon cuts full-year outlook amid struggle with 'newness' in its womenswear

Lululemon Athletica Inc. cut its full-year outlook Thursday as its CEO admitted the company has grappled with some "missed opportunities" in its womenswear business.
Vancouver Island Brewing pivots to new production setup with craft beer competitor

Vancouver Island Brewing pivots to new production setup with craft beer competitor

Vancouver Island Brewing will shut down its Government Street brewery by Nov. 1, but beer production will continue down the street at Phillips Brewing and Malting.
Delta-based food distributor Unione nabs $10M capital infusion

Delta-based food distributor Unione nabs $10M capital infusion

Providing niche products to Asian grocers and restaurateurs helps Unione compete
Grocery code of conduct could encourage investment, innovation: advocates

Grocery code of conduct could encourage investment, innovation: advocates

Two of the grocery code of conduct’s biggest advocates say they believe it could spark more investment and innovation by food manufacturers in Canada, hedging against shortages and price volatility in the future.
Statistics Canada says retail sales down 0.3% at $65.7B in June

Statistics Canada says retail sales down 0.3% at $65.7B in June

Retail sales dropped in June as Canadians continued to grapple with high interest rates. Statistics Canada said Friday that retail sales fell 0.3 per cent to $65.7 billion that month, led by a drop in sales at new car dealers.
B.C. stratas keeping rules tight over air conditioning amid rising power demands

B.C. stratas keeping rules tight over air conditioning amid rising power demands

Strata corporations are permitting cooling unit installations, but regulations are not getting any looser due to electricity shortages.