Business

Opinion

Youth unemployment more than just an economic statistic

Tory McNally 5 minute read 2:02 AM CDT

For many young Canadians, getting a first job is no longer a simple rite of passage. It has become a source of stress, frustration and uncertainty about the future.

Across Canada, teenagers and young adults are sending out resumés, applying online for hours at a time and following up with employers, only to hear nothing back. For students trying to save for tuition, get experience or simply gain independence, the struggle to find work is becoming increasingly discouraging.

Statistics Canada reported the national unemployment rate for youth ages 15 to 24 reached 14.3 per cent in April, far above the overall unemployment rate of 6.9 per cent. The youth unemployment rate remains significantly higher than the pre-COVID-19 pandemic average of 10.8 per cent.

Behind those numbers are young people who are eager to work but unable to gain a foothold in the labour market. Many employers continue to ask for experience even for entry-level positions, leaving students and recent grads trapped in a cycle where they cannot gain experience because nobody will hire them.

Advertisement

Advertise With Us

Weather

May. 23, 6 AM: 8°c Light rain with wind May. 23, 12 PM: 8°c Cloudy

Winnipeg MB

9°C, Light rain with wind

Full Forecast

Opinion

Investor strange love

Joel Schlesinger 6 minute read Preview

Investor strange love

Joel Schlesinger 6 minute read 2:02 AM CDT

Risk and reward seem like polar opposites. Yet when it comes to investing, greater risk yields greater potential reward.

The other side of that coin, however, is the greater the reward you seek, the greater the risk of losing money. This is a fundamental principle (and a paradox) of investing.

A new book by a popular investment blogger and veteran institutional money manager tackles this often fraught yet very fruitful relationship.

Risk & Reward: How to Handle Market Volatility and Build Long-term Wealth, published earlier this month, builds on Ben Carlson’s popular behavioural investing-focused blog, “A Wealth of Common Sense.”

Read
2:02 AM CDT

Opinion

Winds strip soil, seed, fertilizer — add stress

Laura Rance-Unger 4 minute read Preview

Winds strip soil, seed, fertilizer — add stress

Laura Rance-Unger 4 minute read 2:02 AM CDT

On the days those big, gusty winds swept across the Prairies earlier this month, I was driving to Alberta and pulling a camper.

Springtime wind events are nothing new for this region, but what was unusual about this one was its force and how widely it extended through Saskatchewan and Manitoba.

We changed our route to travel north and avoid the gusts that toppled semi-trailers near Regina, but we were still driving into headwinds of up to 80 km/h past fields where the seeders were stopped in their tracks, with the soil around them moving instead.

The aftermath was fully visible as we made our way home this week.

Read
2:02 AM CDT

Business

Manitoba Blue Cross opens Winkler service centre

Free Press staff 1 minute read Yesterday at 2:00 AM CDT

Manitoba Blue Cross has opened a service centre in Winkler.

The space at 990L 15th St., Unit 3, provides a venue where members can get face-to-face assistance with claims, ask questions about coverage and receive guidance from a local customer service team, it said in a release Thursday.

“For many Manitobans, accessing support can mean travelling long distances or navigating services on their own,” said Benjamin Graham, president and CEO. “We’re working to change that.”

The health benefits provider was established in 1974. It now has three service hubs, including its original Winnipeg location and a centre in Thompson that opened in fall 2025.

Business

Communication key to future city projects, says chief construction officer

Malak Abas 3 minute read Thursday, May. 21, 2026

Winnipeg’s first chief construction officer called for more communication between government and industry, discussed the public inquiry into the Winnipeg Police Service headquarters project and reflected on his first year in the new role during an event with local business leaders on Wednesday.

During a presentation held by the Winnipeg Chamber of Commerce, Tom Sparrow said his role — the first of its kind in the city and Canada — had begun in a “period of increasing infrastructure complexity and capital demand” in the Manitoba capital.

“The numbers are staggering. I would say even (with) today’s numbers, we’re looking at anywhere from $10- to $15-billion worth of work that we need to do over the next eight to 10 years,” he said.

“Which is obviously quite significant, and we’ll be relying a lot on industry to assist us in that area.”

Business

Optimism greets Manitoba’s India trade office proposal

Gabrielle Piché 5 minute read Preview

Optimism greets Manitoba’s India trade office proposal

Gabrielle Piché 5 minute read Wednesday, May. 20, 2026

Canola, medication, digital technology — local industry is anticipating several market changes as a provincial trade office in India launches.

The Manitoba government posted a request for proposal for its newest trade representative on Wednesday.

The listing, found on the contract website Merx, seeks a vendor to deliver “in-market services” over a year. There’s a chance of extending the contract for two one-year periods. The RFP closes June 22.

“That’s excellent news,” Alberto Velasco-Acosta, a vice-president with Winnipeg Economic Development & Tourism, said of the new rep. “They will be … an extension of our efforts of building greater partnerships in India.”

Read
Wednesday, May. 20, 2026

Business

Manitoba to open India trade office

Gabrielle Piché 4 minute read Preview

Manitoba to open India trade office

Gabrielle Piché 4 minute read Wednesday, May. 20, 2026

Instead of being stationed on Broadway, a Manitoba government employee will set up their own office — in India.

The New Democrats will today announce their plans to open a trade office in the South Asia country.

“We’re going to be continuing to expand our global presence,” said Business Minister Jamie Moses.

Government has slated $150,000 for the trade office, including the representative’s salary. A request for proposal will be posted online Tuesday, Moses said.

Read
Wednesday, May. 20, 2026

More Business

Business

Manitoba Innovates revs up already bustling new HQ

Malak Abas 4 minute read Thursday, May. 14, 2026

A new organization dedicated to supporting Manitoba startups is celebrating its new Winnipeg headquarters and the small businesses already working in it.

Manitoba Innovates has 85 startups occupying its office spaces at 423 Main St. in different capacities — everyone from “a single entrepreneur with a slide deck and a vision to companies of 80 or 90 employees,” said Paul Card, the group’s chief executive officer.

“We’re really here to build a community around growth, job creation and investment. And those aren’t always easy to do, but it’s easier to do on average, through a large community,” Card told the Free Press at Thursday’s launch event.

“There will be some wins and there’ll be some losses, but en masse, what we’re hoping to do is make all those things happen.”

Business

Manitoba falls well back of Canadian peers in securing international investment: WEDT

Gabrielle Piché 4 minute read Preview

Manitoba falls well back of Canadian peers in securing international investment: WEDT

Gabrielle Piché 4 minute read Wednesday, May. 13, 2026

Manitoba lags behind other provinces in attracting international investment, a local economic development agency says.

Winnipeg Economic Development & Tourism counted six announcements of global investment projects in Manitoba last year.

Saskatchewan saw 13, Alberta and British Columbia pulled 68 each, while Ontario and Quebec drew 278 and 95, respectively. Both Nova Scotia and New Brunswick also announced more projects than Manitoba (19 and eight, respectively).

“We’re not getting a fair share of all the wins coming to Canada,” said Alberto Velasco-Acosta, Winnipeg Economic Development & Tourism vice-president international.

Read
Wednesday, May. 13, 2026

Business

Princess Auto to unveil vision with new Panet Road flagship

Malak Abas 3 minute read Preview

Princess Auto to unveil vision with new Panet Road flagship

Malak Abas 3 minute read Wednesday, May. 13, 2026

Princess Auto’s newest retail location in Winnipeg — a 105,000-square-foot “community-driven” flagship store — will open its doors June 2.

The 500 Panet Rd. store will include a workshop station where customers can try out tools, a space for people to come in and learn about machinery they may have not typically purchased, and educational opportunities for schools.

It’s a “pretty new retail experience” for the massive Winnipeg-based company, said Kim Leadbeater, Princess Auto’s vice-president of marketing.

“This location is a bit of a pilot for the future of our retail experience, this is more than just a standard shopping opportunity,” she said Wednesday.

Read
Wednesday, May. 13, 2026

Business

Hermanos steakhouse to shutter, relocate in Exchange

Nicole Buffie 3 minute read Preview

Hermanos steakhouse to shutter, relocate in Exchange

Nicole Buffie 3 minute read Monday, May. 11, 2026

Winnipeggers have three weeks to get a Baby Cabrera at Hermanos before the longtime South American steakhouse closes its doors — for now.

On Monday, co-owner Noel Bernier announced Hermanos would be closing its anchor location at 179 Bannatyne Ave. on May 30 (after 17 years in the historic Ashdown Warehouse building in the Exchange District) and moving elsewhere.

“Our family is really growing into this business and taking charge of the brand and determining our own outcomes, so we’re doing it in a way that our customers will be most happy,” Bernier said.

The restaurateur said the closure and relocation is part of the family’s restructuring of the business and brand. Bernier’s son, Riley, is opening a new Hermanos location in Brandon (in the city’s historic central fire station) this year and Bernier wants to dedicate plenty of time to helping his son ensure that business is a success.

Read
Monday, May. 11, 2026

Business

Prominence, opulence, exuberance

Aaron Epp 6 minute read Preview

Prominence, opulence, exuberance

Aaron Epp 6 minute read Monday, May. 11, 2026

When the owners of Winnipeg salon chain Venetian Nail Spa celebrate the grand opening of their third location on Friday, it will be the culmination of a dream that started more than a decade ago.

Even before the Chau family opened their first salon in Kildonan Place in 2021, they dreamed about setting up shop in CF Polo Park.

The shopping centres in Cadillac Fairview Corp.’s portfolio have long impressed the family, and they contacted it in 2015 to enquire about acquiring space in Winnipeg’s largest mall.

In May 2025, they signed a lease. One year later, they’re getting ready to welcome customers.

Read
Monday, May. 11, 2026

Winds strip soil, seed, fertilizer — add stress

Laura Rance-Unger 4 minute read Preview

Winds strip soil, seed, fertilizer — add stress

Laura Rance-Unger 4 minute read 2:02 AM CDT

On the days those big, gusty winds swept across the Prairies earlier this month, I was driving to Alberta and pulling a camper.

Springtime wind events are nothing new for this region, but what was unusual about this one was its force and how widely it extended through Saskatchewan and Manitoba.

We changed our route to travel north and avoid the gusts that toppled semi-trailers near Regina, but we were still driving into headwinds of up to 80 km/h past fields where the seeders were stopped in their tracks, with the soil around them moving instead.

The aftermath was fully visible as we made our way home this week.

Read
2:02 AM CDT

LOAD MORE BUSINESS ARTICLES