Women business owners could be making even greater sacrifices than their male counterparts this year as they contend with challenges from the pandemic, a new survey of small business owners has found.

The research found that in the coming year a large majority of female small business owners do not expect to take time off work, whereas under half of men don’t expect to.

Women-owned businesses are less likely to have reopened following lockdown

The sacrifices that women business owners are anticipating could be attributed to how quickly they have been able to return to normal business levels. Women were less likely than men to report having returned to pre-Covid activity, with 14% of women reporting business was at normal levels compared with 21% of men.

The research found that nearly a quarter of women-owned businesses are still closed following the lockdown, with 23% reporting they are not trading, compared … Read the rest

Wednesday proved a day of strong gains for equities in Toronto, particularly those in the tech and resource fields.

The TSX continued to exhibit strength, popping 172.49 points, or 1%, to end Wednesday at 16,789.97.

The Canadian dollar gained 0.09 cents to 76.05 cents U.S.

Tech stocks were particularly lively Wednesday. Shopify charged ahead $68.67, or 5%, to $1,433.78, while Photon Control popped eight cents, or 5%, to $1.68.

Gold shone brighter, particularly, Teranga Gold, which increased 60 cents, or 4.1%, to $15.13, while NovaGold acquired 57 cents, or 4.7%, to $12.79.

Materials also muscled up, as Hudbay Minerals picked up 28 cents, or 5.3%, to $5.61, while Silvercorp Metals gained 66 cents, or 5.7%, to $12.27.

Energy stocks continued to falter, with Whitecap Resources turfing 13 cents, or 4.9%, to $2.50, while Seven Generations Energy toppling 21 cents, or 4.5%, to $4.25.

Communications stocks also fell, with Corus Enertainment … Read the rest

(Bloomberg) — Apple Inc. will likely boost sales of its AirPods range by a third this year, but that won’t stop it from losing its dominant grip on the fast-growing wireless earbuds market.The AirPods have come to define the true wireless (TWS) earphones category, with Apple accounting for nearly half of all sales in 2019 and expected to grow to 82 million units this year, according to Counterpoint Research data. More affordable alternatives from Chinese rivals, however, have eroded Apple’s lead and the Silicon Valley company now finds itself with just over a third of the market, at 35%, followed by Xiaomi Corp. with 10% and Samsung Electronics Co. on 6%, according to the researchers.A growing contingent of specialized Chinese brands has emerged on the scene, with models such as the $90 Lypertek Tevi offering better fit and sound quality than AirPods at a lower price and the 1More True … Read the rest

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U.S. Secretary of State Mike Pompeo on Wednesday criticized the British bank HSBC for allegedly operating bank accounts for individuals sanctioned by the U.S. government while shutting the accounts of people linked to Hong Kong’s pro-democracy movement.

Pompeo blamed China’s government for HSBC’s alleged actions, saying in a Wednesday statement that “the Chinese Communist Party’s coercive bullying tactics against our friends in the United Kingdom continues.”

According to the statement, HSBC has prevented executives of Next Digital, the publisher of pro-democracy Hong Kong newspaper Apple Daily, from accessing their personal bank accounts and HSBC credit cards.

The U.S. sanctioned 11 government officials in Hong Kong and mainland China in early August over their involvement in the controversial national security law that took effect in Hong Kong … Read the rest

Over a quarter of UK consumers have fallen out with a friend or partner who owed them money and has not paid back the debt in the last 5 months, since the start of Covid-19, according to new research.

What’s more, the poll of UK consumers also found that 53 per cent of Brits agree that they have probably paid out more money on their my friends and family for meals, than they have on themselves in the last 10 years. The data was equally weighted 50-50 between men and women in the UK, across all regions of the UK. This data has been revealed during Rishi Sunak’s Eat Out to Help Out scheme, which saw more than 10 million meals purchased last week.

The survey also found that two-thirds of UK consumers disagree with one person paying an entire bill themselves when eating out with a friend or … Read the rest

The Dow Jones Industrial Average fell on Tuesday as Apple shares declined for the first time in six sessions and traders assessed a big shake-up for the average.

The 30-stock index let go of 59.91 points to 28,248.55. Apple dropped 0.8%, giving back some of its blistering rally into a record valuation. Boeing also contributed to the Dow’s decline, falling 2%.

The S&P 500 kept marching, piling 12.37 points onto Monday’s all-time record at 3,443.65.

The NASDAQ Composite improved 86.75 points on Monday’s all-time peak, to 11,466.47.

Facebook climbed more than 3%. Amazon, Alphabet and Microsoft were all up more than 1%.

After the bell, S&P Dow Jones Indices said Salesforce.com will replace Exxon Mobil, Amgen will replace Pfizer and Honeywell International will replace Raytheon Technologies in the Dow average. The changes are driven by Apple’s coming stock split, which will reduce the technology weighting in the price-weighted average.

Salesforce, … Read the rest

(Bloomberg) — It’s the hottest fintech in the world and it’s poised to go public in the coming months, unlocking vast riches for early investors and employees.Ant Group, the online payment provider backed by Alibaba Group Holding Ltd. filed the prospectus for its initial public offering Tuesday, unveiling some of the people who stand to win big from the listing.The obvious one is Jack Ma, whose stake in Ant will be worth $25 billion if it achieves the $225 billion valuation people familiar with the matter have said it’s targeting. That could catapult him to among the world’s 10 richest people.Ant Chairman Eric Jing’s fortune will swell to $2.9 billion, and another 17 current and former Alibaba and Ant executives will join the ranks of billionaires, based on the ownership structure described in the prospectus.An Ant representative declined to comment on the calculations.Most of the billionaires, whose combined stake is … Read the rest

Good morning.

Has the pandemic killed the office? No, say Diane Hoskins and Andy Cohen, co-CEOs of Gensler, the world’s largest architecture firm. But while the office may not be dead, it is going to be very different in the post-COVID future.

The firm’s research shows only 14% of workers want to stay home full time. “A majority are saying they want back. They have roommates, they have parents, they have dogs,” says Cohen. But the offices they return to will be more of “a hybrid kind of work environment, with some people at home, but many at the office. And it will be all about collaboration and innovation.”

“What’s the big AHA?“ asks Hoskins. “It’s that the ultimate value of the workplace is people. Why do people want to be there? At the end of the day we are there because of the other people that are there…Think of … Read the rest