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Business News

Loblaw faces 'misguided criticism' as boycott begins, Galen Weston says

Financial Post TopStories - 9 hours 2 min ago
Grocer reported profits grew almost 10 per cent year-over-year to $459 million
Categories: Business News

Apple jumps in late hours as tech lifts stocks

Financial Post TopStories - 9 hours 10 min ago
Apple Inc. sales declined less sharply than feared
Categories: Business News

Eliminating carbon tax would only have 'temporary' effect on inflation, Macklem says

Financial Post TopStories - 9 hours 23 min ago
'Inflation would drop for one year, and then after that, it would go back to where it otherwise would have been,' Bank of Canada governor says
Categories: Business News

Gildan fight with Browning West nets bankers and lawyers millions

Financial Post TopStories - 10 hours 3 min ago
Apparel-maker spent US$15.4 million in 'advisory, legal and other expenses' in first quarter
Categories: Business News

Bank of Canada and Fed interest rate divergence has limits, says Tiff Macklem

Financial Post TopStories - 11 hours 6 min ago
If Canada's central bank cuts much more than the Fed the Canadian dollar will suffer
Categories: Business News

London Drugs reopens phone lines and Canada Post outlets

CBC Business News - 11 hours 13 min ago

London Drugs says its phone lines are working again, days after being taken offline in response to a cybersecurity incident, while Canada Post offices inside its stores are also up and running again.

Categories: Business News

Yukon realtor group latest to face scrutiny on competition issues

Financial Post TopStories - 11 hours 21 min ago
Residency rule considered 'abuse of dominance' under the Competition Act
Categories: Business News

EQ Bank taps 'Schitt’s Creek' duo to battle Canadian stranglehold

Financial Post TopStories - 12 hours 40 min ago
Eugene and Dan Levy recently promoted the bank during the Oscars and Super Bowl
Categories: Business News

Bank of Canada can diverge from Fed on rates without stoking inflation, National Bank says

Financial Post TopStories - 13 hours 7 min ago
Worry that weaker loonie means inflation in imported goods
Categories: Business News

Peloton CEO steps down as fitness company announces 15% cut to global workforce

CBC Business News - 14 hours 8 min ago

Peloton CEO Barry McCarthy is stepping down, the company said on Thursday, as it announced a 15 per cent cut to its global workforce due to a post-pandemic slump in demand for its connected fitness equipment.

Categories: Business News

'We are getting closer' to cutting interest rates, Bank of Canada governor tells MPs

CBC Business News - 15 hours 32 min ago

The Bank of Canada is getting closer to cutting interest rates as inflation shows signs of coming down and staying down, the central bank's governor, Tiff Macklem, told MPs Thursday.

Categories: Business News

Posthaste: Capital gains tax hike will hit more Canadians than we thought

Financial Post TopStories - 17 hours 43 min ago
Analysts say higher tax will cut returns from Canadian stocks
Categories: Business News

Can a Canadian ride-hailing startup compete with Uber and Lyft?

CBC Business News - 21 hours 49 min ago

A new ride-hailing app promising fair pay to drivers is launching today, starting in the Toronto area, to take on Uber and Lyft. The company believes it will attract drivers by paying them 100 per cent of fares and charging only a membership fee to work for the service.

Categories: Business News

Tiff Macklem defends Bank of Canada's two per cent inflation target

Financial Post TopStories - Wed, 2024-05-01 17:45
Senators questioned whether central bank could raise the target to give Canadians relief on high mortgage rates
Categories: Business News

U.S. Federal Reserve holds interest rate, saying it will take 'longer than expected' to start cutting

CBC Business News - Wed, 2024-05-01 13:47

The U.S. Federal Reserve held interest rates steady on Wednesday and signaled it is still leaning toward eventual reductions in borrowing costs, but that cuts could be delayed as recent inflation numbers have strayed further from its two per cent target.

Categories: Business News

Toronto area condo market rents drop the most in 15 years 

Financial Post TopStories - Wed, 2024-05-01 11:24
Decrease over six-month period biggest outside pandemic period
Categories: Business News

How to Add Belonging to Your DEI Strategy

Canadian Business - Wed, 2024-05-01 10:50

About three years ago, the Burlington Performing Arts Centre (BPAC) realized there was a discrepancy between who was engaging with and participating in art and what the community of Burlington, Ont., actually looked like. To remedy this, BPAC started hiring external organizations to conduct annual diversity, equity and inclusion workshops with the goal of helping the centre learn how to better reflect the city’s diverse community.

But the workshops weren’t as inspiring as they’d hoped they would be. The presentations lacked the emotional hook needed to spark real, lasting change, leaving the centre feeling like it was taking baby steps toward meaningful inclusion. Participants also struggled with the facilitators’ attitudes. “Last year’s DEI training was delivered in a really judgmental way,” says Tammy Fox, BPAC’s executive director. Rather than engaging with staff’s experiences and questions, the facilitators focused on BPAC’s mistakes. “You can’t help but get your armour up, and then you’re not listening actively—your mind is busy defending yourself rather than taking in the message.”

(Photo: Vanessa Hill)

Looking for a solution, Fox turned to Layne, a self-described “philanthro-tainer” who has helped raise $40 million in the past 14 years as a charity auctioneer. Back in 2020, Fox saw Layne speak on a panel at a women’s empowerment conference and was impressed by their ability to discuss serious subject matters in an engaging and entertaining way.

In January, Layne, who is non-binary and uses a mononym, launched Impact Workshop, a diversity, equity, inclusion and belonging, or DEIB, program that facilitates dialogue around gender barriers in the workplace. For Fox, Layne’s inviting presentation style seemed like the perfect approach to make BPAC’s DEIB training finally stick.

“Belonging” has been a staple part of DEI workshops since 2020, but what sets Layne’s program apart is their ability to create a space where colleagues can be vulnerable—share their pain, explore their differences, make mistakes and learn from one another through a combination of role play, group discussion and video content. The workshop is broken down into three modules: understanding concepts and definitions, learning inclusive behaviour and practising active allyship. Unlike previous workshops, Fox says, BPAC’s experience with Layne was a dialogue rather than a scolding.

Related: How to Navigate Conflict at Work

(Illustration: Soña Lee)

But convincing colleagues to open up is easier said than done. “You can’t create change by lecturing,” Layne says. “You have to get people feeling something.” To build trust during the workshop, Layne began with stories about themself—moments when they felt hurt or misunderstood, such as the countless instances when they’ve been misgendered at work. Layne used their stories to delve into LGBTQ2S+ concepts, like what it means to be non-binary and how to best communicate pronouns at work—all with the goal of building empathy among the BPAC staff.

Despite there not being any out non-binary individuals at BPAC, the discussion resonated. “While I couldn’t relate to the stories per se, I could relate to the hurt those experiences caused Layne,” says Fox. “That’s what made the workshop so impactful.” Staff immediately applied the lessons about inclusivity, suggesting to leadership that the centre change its performance greeting from “Welcome, ladies and gentlemen” to “Welcome, everyone” and relabel its accessibility washrooms to be non-gendered.

To maintain this new culture, employees need to feel like they can bring their whole self to work, Layne says. They suggest setting up regular team-bonding activities, such as a lunches where staff can share their cultural or family-favourite meals and stories about them. “Fun events like this bring teams closer by helping them find common ground and learn about their differences.”

For companies that are still overwhelmed by the idea of DEIB training—and knowing which topics to prioritize—Layne recommends starting with LGBTQ2S+ inclusion. Since queer individuals encompass a range of intersecting identities, including race and gender, it naturally leads to other topics. “The heart of the matter is empathy and embracing differences,” Layne says.

The post How to Add Belonging to Your DEI Strategy appeared first on Canadian Business – How to Do Business Better.

Categories: Business News

Loblaw reports $13.58B in Q1 revenue, as Reddit group's boycott kicks off

CBC Business News - Wed, 2024-05-01 07:10

Loblaw Companies reported $13.58 billion in first-quarter revenue — a 4.5 per cent increase from a year earlier — on Wednesday morning, the same day that a group of frustrated shoppers said they would begin a month-long boycott of the grocery retailer.

Categories: Business News

Loblaw hikes dividend as profit rises almost 10%

Financial Post TopStories - Wed, 2024-05-01 06:56
Retail giant says customer traffic increases as prices rise less than inflation
Categories: Business News
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