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THE WRAP: Equinor strikes oil, Empire strikes back, bubble strikes out

Your week in Atlantic Canada business news

A surfer competes at the Surfing Association of Nova Scotia's Fall Classic short-board contest at Lawrencetown Beach on the weekend. Surfers from Quebec have been accused of travelling to Nova Scotia's beaches and not self-isolating.
A surfer competes at the Surfing Association of Nova Scotia's Fall Classic short-board contest at Lawrencetown Beach - Ryan Taplin

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Bubble busting, beaches and Airbnb

Nova Scotia cut a deal with Airbnb and announced it with some fanfare this week but it amounts to not much more than a fingers-crossed honour system when it comes to keeping COVID out. At least a few hundred Airbnb hosts are registered. People renting out their "primary residence" even if they have one in several provinces don't have to register so who knows who's staying and from where they came. Judging from the vanloads of non-isolating out of province campers and surfers hitting our beaches, it might be time to do something more about that.

Chris Lambie
Chris Lambie

The end of the 12-step commute?

Half of the folks working from home on the East Coast want to keep it that way, but most believe they'll be back in the office soon. How certain depends on where you live. Eight out of 10 Newfoundlanders reckon the office beckons but a bare majority in Nova Scotia figure they'll be commuting in their cars and not their slippers in a few months.

123RF Stock Photo
123RF Stock Photo

Good news, bad news

Norway's state-owned oil company, Equinor floated a little good news Thursday morning. They've found oil off Newfoundland. Then they announce a write-down of $2.9 billion on their other petro-properties.

Contributed
Contributed

Crepes, sake and teppanyaki

Seven months of pandemic and half that in lockdown haven't stopped Halifax foodies and restaurateurs. David's Tea has been supplanted by T Kettle, Sake, Chicking and Coda Ramen have opened and Portland Street Creperie is still ladling goodness onto the griddle.

Spicy miso is spicy #halifax #ramen

A post shared by Jamie & Shannon CODA RAMEN (@codaramen) on

A whole lot of pivoting going on

You may be sick of the word but entrepreneurs are doing it like nobody's business. Take Bridgewater's 902 Athletics, a crossfit gym that kept most of its members by sending gym equipment home with them. Or Newfoundland's all-woman Granville Biomedical, which 3D-prints swabs and other medical devices. Or two Halifax animation houses that have chosen different routes to ramp up for the boom in content that doesn't require actors getting up close and personal.

SaltWire Network
SaltWire Network

COVID-detecting mask ready by January

Sixth Wave of Halifax is out to beat the second wave of COVID with a smart mask that ought to be prototyped within 90 days. It got a boost Thursday, in the form of $250,000 from the Nova Scotia government. Other COVID-related good news Thursday: hotels and such got a 25-cent-on-the-dollar break on their property taxes.

Contributed
Contributed

Sobeys bag takes a bow

My sister-in-law calls them Saskatoon Samsonite. Greens call them a scourge. To me the humble Sobeys bag helps me ease a foot into a wet boot, pack a lunch for a rainy walk or pick up a gift left by the neighbour's shifty brown dog. Today they're done in Nova Scotia. Here's John Demont's ode to the grocery store plastic film star.

Empire breaks with peers, joins grocery fee rebels

Empire/Sobeys boss Michael Medline won friends among food makers and shoppers this week. Instead of joining Walmart and Loblaw in slapping a raft of new or bigger fees on every supplier, he called them out and called for a grocers' code of conduct. In July, Walmart Canada slapped fees of up to 6.25 per cent on suppliers. Loblaw followed suit last week with a flat fee of 1.2 per cent plus distribution and marketing charges.

Tim Krochak
Tim Krochak

PERSPECTIVES

CHARLEBOIS: Grocers' code could protect Canadian food processing

The UK's had a code of conduct for grocers for more than a decade. Australia has one, at least on paper. Sylvain Charlebois, the food professor, says we might need one too. Why? Start with stopping grocery chains from downloading their costs on processors and farmers and driving independent grocers out of business. Finish (maybe) with cheaper groceries.

KELLY: We're losing money every day

CFIB president Dan Kelly says one in three small businesses are going deeper in the hole every day. The second wave is burying the tourism and hospitality industry but lots of other sectors are hurting as well. He'd like to see more money poured into wage subsidies, and cheques for those whose landlords refused to join the rent assistance program that ran from April to September.

LakeCity shoutout

Nova Scotian Liam O'Rourke honed his social enterprise skills in Montreal, then put them to good use as CEO of LakeCity Works in Dartmouth. He's just made Canada's Top 40 under 40 list for young business leaders, sponsored by Caldwell and MNP.


That’s the wrap

Have a tip, a comment or something else to share? Email me at [email protected].

Back next Friday. Until then, mask up and hide a few Oh Henry’s before the kids eat them all.

~ Brian Ward

Brian Ward. - SaltWire file

Brian Ward is SaltWire Network's managing editor for business.  


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