Business

Opinion

Berkshire Hathaway, Manitoba-style

Joel Schlesinger 6 minute read Yesterday at 2:02 AM CDT

Omaha, Neb., has its “Oracle,” but Manitoba has its market miracle.

The legendary Warren Buffett transformed Berkshire Hathaway Inc. from a textile company into a wildly successful conglomerate that acquires great companies and generally takes a hands-off approach, letting them do what they do best.

And it’s been a very profitable strategy.

Manitoba’s market miracle is Exchange Income Corp. (TSX: EIF). A publicly traded conglomerate on the Toronto Stock Exchange, it has a similar strategy.

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Opinion

While the rest of us sleep in …

Tory McNally 7 minute read Preview

While the rest of us sleep in …

Tory McNally 7 minute read Yesterday at 2:02 AM CDT

There is something a little unfair about waking up early on a statutory holiday.

The alarm goes off. You briefly forget what day it is. Then it hits you. Everyone else is sleeping in, planning a barbecue, packing the kids into the car for a trip to the beach or deciding whether they should mow the lawn today or put it off until tomorrow.

You, on the other hand, are putting on a uniform and trying to convince yourself coffee really can solve anything.

If you’ve ever worked retail, health care, emergency services, hospitality, public transit, utilities, manufacturing, airports, long-term care, broadcasting, customer service or any of the countless jobs that keep our communities running, you know exactly what I mean.

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Yesterday at 2:02 AM CDT

Opinion

Why good plans lose momentum

Tim Kist 5 minute read Yesterday at 2:00 AM CDT

I recently accepted an invitation to speak at the International Association of Strategic Planners annual conference in Winnipeg. The theme of the event was “Leading Transformation with Momentum.” Several hundred senior executives from around the world were in attendance and represented multiple industries.

Since nobody can predict the future, all of us have to be comfortable with change and adapting to the changes that affect our lives and businesses. From my work guiding leadership teams to sharpen how they think about customer value, I see this as a particularly important topic given the significant changes in recent years.

In my experience as an executive, and in my current consulting role, this topic affects organizations across all sectors.

Since the purpose of any business is to stay in business, there must be structure and capability to implement plans successfully and adapt accordingly. Many organizations spend months creating a strategic plan and only days thinking about implementation. Yet implementation is where value is created. A brilliant plan poorly executed delivers less value than a good plan executed consistently.

Opinion

Big decisions put many farmers in same boat

Laura Rance-Unger 5 minute read Preview

Big decisions put many farmers in same boat

Laura Rance-Unger 5 minute read Friday, Jul. 3, 2026

There’s a lot of sweating, swatting, squinting — and quite possibly a little swearing — in Manitoba farmyards and fields this summer, as farmers navigate what’s turned into a hellish growing season.

Anyone required to work outdoors in the heat and humidity must also suffer through the relentless swarms of voracious mosquitoes and flies brought on by the recent wet weather. The biting insect populations are unlike anything we’ve seen in recent years and they’re making outside life miserable for humans and livestock alike.

It adds another layer to the frustration in a season when it seems nothing is going well. With each twist and turn, the “so now what?” questions keep piling up.

Just getting around the farm or to town for supplies is a chore with roads and bridges washed out in some areas. And the weather alerts just keep coming — warnings of tornadoes, severe thunderstorms and more heavy rain.

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Friday, Jul. 3, 2026

Business

Gem Studio puts new shine on handmade experience

Aaron Epp 4 minute read Preview

Gem Studio puts new shine on handmade experience

Aaron Epp 4 minute read Friday, Jul. 3, 2026

In recent weeks, some restaurant-goers headed to a Winnipeg eatery have found themselves looking at jewels and charms before ordering their meals.

The Gem Studio opened at the end of May in the same Corydon Avenue building as Kevin’s Bistro and Stella’s Cafe. Occasionally, patrons of the joint restaurants pick the wrong door and walk into the new business — which offers customers a hands-on jewelry-making experience guided by professional silversmiths.

Their mistake turns into a marketing opportunity, according to Dylan Forest, studio manager. “Everybody kind of takes a … discount code or coupon and says they’ll come back later when they have some time with their friends or family,” he said.

Forest hopes they do. It’s the franchise’s first Gem Studio location in Western Canada.

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Friday, Jul. 3, 2026

Business

‘The water can’t get away’

Gabrielle Piché 6 minute read Preview

‘The water can’t get away’

Gabrielle Piché 6 minute read Friday, Jul. 3, 2026

Manitoba crop insurance payouts will likely exceed $15 million this year — before factoring in recent flooding in the Interlake and Parkland regions. Total costs won’t be fully known until year end.

Meantime, as dozens of local communities declare states of emergency, some farmers are calling for greater infrastructure investment, saying damage could’ve been avoided with better drainage maintenance.

“You can do as much ditching as you want in a field, but if it gets to municipality ditches or the provincial ditches and it can’t flow away, it just doesn’t help anything,” said Ryan Elliot.

He farms roughly 6,000 acres with his father near Stonewall. About one-third of their crop — wheat, canola — has been completely destroyed by rain, Elliot said. He estimates another third is “heavily damaged.”

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Friday, Jul. 3, 2026

Business

A Manitoba First Nation and former national chief are throwing their weight behind new-to-Manitoba energy storage methods amid projections of squeezed energy availability.

The province doesn’t have any utility scale battery energy storage systems. Through these, electricity is kept in electrochemical batteries until needed.

Volterra Technology creates the battery technology. It’s part of a new venture: Waywayseecappo Energy Alliance.

Other members include Waywayseecappo First Nation and Ishkonigan Inc., a consulting company founded by former Assembly of First Nations national chief Phil Fontaine. (Fontaine is a member of Sagkeeng First Nation in Manitoba.)

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Business

Tahini’s adds Winnipeg to expansion menu

Aaron Epp 5 minute read Preview

Tahini’s adds Winnipeg to expansion menu

Aaron Epp 5 minute read Friday, Jun. 26, 2026

Omar Hamam was born in Windsor, Ont., and spent his formative years in Cairo, but Winnipeg has a special place in his heart.

The 44-year-old entrepreneur called the Prairie city home for five years while earning an economics degree at the University of Manitoba. In 2018, he started a Mediterranean restaurant in London, Ont., called Tahini’s. It’s since grown into a franchise with dozens of locations in Canada and one in the United States.

The company is opening numerous restaurants this year, but Hamam says he’s most looking forward to entering the Manitoba market. The first Tahini’s in the province will open in Winnipeg’s St. James neighbourhood next month.

“I hear the word Winnipeg and a smile automatically comes to my face,” he said by phone on Friday. “I’m more excited about opening there than any other province just because of my past history with (Manitoba).”

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Friday, Jun. 26, 2026

Business

Indigenous Chamber of Commerce working to engage with members, increase membership

Aaron Epp 4 minute read Preview

Indigenous Chamber of Commerce working to engage with members, increase membership

Aaron Epp 4 minute read Friday, Jun. 26, 2026

Shelly Bulycz is good at many things, but retirement is not one of them.

Last August, Bulycz retired from her job as manager of community based programming at University College of the North and moved from The Pas to Winnipeg. She soon grew restless and by the end of October, she’d landed a job as the executive assistant at the Indigenous Chamber of Commerce.

In April, the chamber appointed her to be its second-ever chief executive officer.

“I enjoyed retirement for a month and a half, two months, and then decided I needed a job,” Bulycz said. “The rest is kind of history.”

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Friday, Jun. 26, 2026

Business

Staff shortages threaten defence-related projects, construction industry warns

Gabrielle Piché 5 minute read Preview

Staff shortages threaten defence-related projects, construction industry warns

Gabrielle Piché 5 minute read Friday, Jun. 26, 2026

Construction industry leaders are flagging potential staff shortages as the sector prepares for a surge of defence-related projects.

The Winnipeg Construction Association is tracking roughly 33 projects tied to 17 Wing Winnipeg, the city’s Royal Canadian Air Force base, in the coming years.

Another nine or 10 projects will begin at Southport, an aerospace hub near Portage la Prairie, said construction association president Darryl Harrison.

He expects most projects to begin in the next three years. Construction should stay “consistently strong” for five to seven years, he said.

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Friday, Jun. 26, 2026

Business

Heavy construction association names new leader

Free Press staff 2 minute read Friday, Jun. 26, 2026

The Manitoba Heavy Construction Association has appointed its first female president and chief executive.

Felicia Wiltshire will assume the role Dec. 1. She’ll become the fourth person to helm the association over its eight-decade history.

Wiltshire joined the association in June 2025 as its first vice-president. The MHCA represents more than 400 businesses, including contractors and suppliers.

Wiltshire previously spent more than two decades as a communications strategist. She worked for 10 years at the City of Winnipeg as its director of customer service and communications.

Business

‘Today is recognition. Today is visibility’

Aaron Epp 4 minute read Preview

‘Today is recognition. Today is visibility’

Aaron Epp 4 minute read Wednesday, Jun. 24, 2026

Recipients of new federal government funding meant to support Black entrepreneurs in Manitoba are calling the investment “historic” and a step toward “a more inclusive economy.”

Federal Minister for Women and Gender Equality Rechie Valdez announced on Wednesday more than $3.2 million in funding for three Manitoba organizations through Prairies Economic Development Canada’s Black Entrepreneurship Program.

The investment aims to help Black entrepreneurs in the province strengthen their skills, develop business plans and access financing.

“This investment is so important,” Valdez said during an event at the Black-Manitobans Chamber of Commerce office in Winnipeg. “Our government here is really focused on making sure we can build a strong economy — and we’re not going to be able to achieve that goal without inclusivity.”

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Wednesday, Jun. 24, 2026

Berkshire Hathaway, Manitoba-style

Joel Schlesinger 6 minute read Preview

Berkshire Hathaway, Manitoba-style

Joel Schlesinger 6 minute read Yesterday at 2:02 AM CDT

Omaha, Neb., has its “Oracle,” but Manitoba has its market miracle.

The legendary Warren Buffett transformed Berkshire Hathaway Inc. from a textile company into a wildly successful conglomerate that acquires great companies and generally takes a hands-off approach, letting them do what they do best.

And it’s been a very profitable strategy.

Manitoba’s market miracle is Exchange Income Corp. (TSX: EIF). A publicly traded conglomerate on the Toronto Stock Exchange, it has a similar strategy.

Read
Yesterday at 2:02 AM CDT

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