Business & Finance

The Post Millennial keeps you in touch with the latest and most important trends, issues and developments in business the world over, with a focus on how they may affect you.

60 percent of businesses closed due to pandemic will never reopen

The study differentiates between businesses that have closed temporarily and those which are permanently shuttered, and that's where the data shows a cause for alarm.

Trudeau government imported $19 BILLION in foreign oil last year

Canada imported over 8.7 billion barrels of crude oil from other countries between 1988 and 2019, an average of nearly 749,000 barrels per day over the period.

New York's Century 21 files for bankruptcy

Century 21 has just filed for bankcuptcy, citing an ongoing battle with their insurance company and loss of revenue from the pandemic.

Lululemon wants customers to pay $138 for leggings and 'resist capitalism'

Lululemon has jumped aboard the woke bandwagon with their new campaign to "decolonize gender" and "resist capitalism." Lululemon also sells yoga pants for over $100 a pair.

Study shows 1 in 3 Canadian women are considering quitting their jobs

A new survey has revealed that Canadian women are far more likely than their male counterparts to consider quitting their jobs.

60 percent of Canadian restaurants at risk of permanent closure due to COVID restrictions

According to a Canadian Survey on Business Conditions (CSBC) release, more than 60 per cent of Canada's restaurants risk having to close their doors for good by November.

COVID-19 alarmist stood to profit from lockdown with his online learning company

Tomas Pueyo predicted that 10 million Americans could have died if political and community leaders did not drive people indoors. Pueyo is the VP for an online learning company.

Insurance payouts not enough to cover riot damage

Most insurance policy reimbursements hover between $25,000 and $50,000, but contractors have consistently been sending in bids that range from $200,000 to $300,000.

Downtown Seattle loses its only grocery store as businesses flee the city amid COVID and riots

At least 130 Seattle businesses have permanently closed and about 47,000 jobs were lost in the downtown area in the first half of the year.

Waiting for a real estate crash? The market is still surging

Following a lull in the spring, July has shattered the all-time sales record.

The rich pay more than their fair share in Canada—stop importing American narratives

Tax rates at 50 percent or above are driving people out of the country, encouraging people to keep their profits in their corporations in order to ensure they don’t realize personal income.

Bank of Canada makes it easier for homebuyers to aim higher

Changes to the mortgage stress test translate to thousands in increased purchasing power.

Mortgage rates have never been cheaper — here's how to take advantage

What are you waiting for? Time to take advantage of record-low rates.

How this guy upped his credit score by 120 points

Monitoring your credit score could help you boost it by hundreds of points.

Borrowell review: A handy way to boost your credit score

Checking your credit score is a breeze, but that's not all Borrowell can do.

'All means necessary': Big employer groups fight longshoremen’s strike for better working conditions

The involved employer associations have long been in touch with the federal government. Their demands have included corporate tax cuts, spending cuts, deregulation, and recently, calls to reopen schools.

Ford government puts funding into crucial infrastructure

The Ford government is providing $30 million to municipalities through Connecting Links from 2021-2022 to build, repair, and replace local roads and bridges.

McDonald's Canada to source only Canadian beef starting in September

McDonald's Canada announced that they will be shifting back to solely sourcing Canadian beef for their burgers come September.

Alberta signs agreement with Ottawa cutting major environmental monitoring of oilsands

An agreement has just been reached between Alberta and the federal government that will result in a major decrease in environmental monitoring of the oilsands.

Trudeau government's commitment to the Paris accords will cost Canadian jobs

Keeping the Paris commitment will not be cost-free and existing policies lack sufficient means to the promised Paris end.