Most of us now are online shoppers and with the pandemic, buying remotely has actually doubled in Canada. Nearly half of us do something called “bracketing” — where you buy multiple items with the intent to return at least some of them. So what happens to all those returns? You might figure they simply get resold to someone else. Think again.
We went on an online shopping spree on Amazon, the e-commerce goliath. And then we returned all the items, except with location trackers secretly placed inside. It’s a fascinating journey — and not one that always ends back at Amazon’s fulfillment centres.
You can catch the full investigation — learning what liquidators really do with Amazon returns sold at auction, and seeing where the tracked returns were sent — on CBC Gem.
It makes you think twice about bracketing, and about the claims from Amazon’s CEO, Jeff Bezos, that his company is going green and reducing its carbon footprint.
— David Common and the Marketplace team
Say goodbye to plastic grocery bags, cutlery and straws
Get ready for some big changes at grocery stores and restaurants across the country starting next year. The Liberal government announced this week that a ban on some single-use plastics will go into effect by the end of 2021.
“Your local stores will be providing you with alternatives to these plastic products, like reusable or paper bags in place of plastic,” said Environment Minister Jonathan Wilkinson. Read more
In 2019, Marketplace went to Malaysia and found that Canadian plastic recycling was being dumped and burned overseas.
Confused about Thanksgiving this year? You’re not alone
The second wave of COVID-19 is hitting Ontario and Quebec with full force. But many people are still confused about what to do for turkey dinner this year. In some parts of the country, gatherings might be possible, but in harder-hit areas, you’ll want to be more careful. “If you are in Ontario and Quebec, I think the most sensible thing to do is to keep to your immediate social circles,” says Dr. Theresa Tam. Read more
It’s been one year since Devan Selvey was killed at his high school. What’s changed?
The 14-year-old’s stabbing sparked conversations about bullying all across Canada. But are things different now? It remains to be seen.
The Hamilton-Wentworth District School Board (HWDSB) responded by setting up a panel to review four areas of bullying — prevention, intervention, reporting and responding. But the final report, which was initially supposed to be delivered by May 31, was delayed by COVID-19. Read more
She found a broken needle in her spine. How did it get there?
It was a medical error that took more than a decade to discover — after medical staff at the time failed to report it. Now, Giovanna Ippolito wants answers, but experts say with a system that’s stacked against Canadians harmed by medical errors, it’s likely no one will have to take responsibility. According to the Canadian Institute for Health Information, more than 132,000 patients experienced some kind of medical harm in 2018-19. Read more
CBC Marketplace is looking for people who have experienced racism in real estate. Have you received a low appraisal? Removed cultural objects to stage your home? We want to hear from you. Email us at marketplace@cbc.ca.
Catch up on past episodes of Marketplace any time on CBC Gem.
TORONTO – Restaurant Brands International Inc. reported net income of US$357 million for its third quarter, down from US$364 million in the same quarter last year.
The company, which keeps its books in U.S. dollars, says its profit amounted to 79 cents US per diluted share for the quarter ended Sept. 30 compared with 79 cents US per diluted share a year earlier.
Revenue for the parent company of Tim Hortons, Burger King, Popeyes and Firehouse Subs, totalled US$2.29 billion, up from US$1.84 billion in the same quarter last year.
Consolidated comparable sales were up 0.3 per cent.
On an adjusted basis, Restaurant Brands says it earned 93 cents US per diluted share in its latest quarter, up from an adjusted profit of 90 cents US per diluted share a year earlier.
The average analyst estimate had been for a profit of 95 cents US per share, according to LSEG Data & Analytics.
This report by The Canadian Press was first published Nov. 5, 2024.
ST. JOHN’S, N.L. – Fortis Inc. reported a third-quarter profit of $420 million, up from $394 million in the same quarter last year.
The electric and gas utility says the profit amounted to 85 cents per share for the quarter ended Sept. 30, up from 81 cents per share a year earlier.
Fortis says the increase was driven by rate base growth across its utilities, and strong earnings in Arizona largely reflecting new customer rates at Tucson Electric Power.
Revenue in the quarter totalled $2.77 billion, up from $2.72 billion in the same quarter last year.
On an adjusted basis, Fortis says it earned 85 cents per share in its latest quarter, up from an adjusted profit of 84 cents per share in the third quarter of 2023.
The average analyst estimate had been for a profit of 82 cents per share, according to LSEG Data & Analytics.
This report by The Canadian Press was first published Nov. 5, 2024.
TORONTO – Thomson Reuters reported its third-quarter profit fell compared with a year ago as its revenue rose eight per cent.
The company, which keeps its books in U.S. dollars, says it earned US$301 million or 67 cents US per diluted share for the quarter ended Sept. 30. The result compared with a profit of US$367 million or 80 cents US per diluted share in the same quarter a year earlier.
Revenue for the quarter totalled US$1.72 billion, up from US$1.59 billion a year earlier.
In its outlook, Thomson Reuters says it now expects organic revenue growth of 7.0 per cent for its full year, up from earlier expectations for growth of 6.5 per cent.
On an adjusted basis, Thomson Reuters says it earned 80 cents US per share in its latest quarter, down from an adjusted profit of 82 cents US per share in the same quarter last year.
The average analyst estimate had been for a profit of 76 cents US per share, according to LSEG Data & Analytics.
This report by The Canadian Press was first published Nov. 5, 2024.