Flax supergrain adds another bragging right to its arsenal of eco-friendly products

Pela Case co-founders Jeremy Lang, left, and Matt Bertulli.Postmedia file photo When Jeremy Lang started making smartphone cases out of flax straw waste instead of plastic, he coined the word flaxstic. It’s the perfect description for a plastic alternative that’s tough, compostable and recyclable. “Every piece of (petroleum-based) plastic ever made is still around. It …

All the frugality in the world won’t let this millennial retire at 45

Michel’s plan to retire at 45 is based on not spending rather than on making a big score in investments.Illustration by Chloe Cushman/National Post files 07Situation: Man hopes good salary, conservative spending and careful investing support retirement at 45 Solution: Even with aggressive savings and low mortgage rate, 60 is a more realistic goal In …

Tesla reports smaller Q4 profit than previous quarter

A Tesla Model S.Christophe Ena/AP Photo file Tesla Inc on Wednesday reported a smaller fourth-quarter profit compared with the previous three months and said Model 3 production volume in California should reach 7,000 units per week by the end of the year. The Silicon Valley electric carmaker said it made a net profit of US$139.5 …

Five things you should know before you start your work day on Feb. 1

Budge co-founder Michael Elman.Graham Hughes for National Post files Good morning! Prime Minister Justin Trudeau is promising to make housing more affordable for millennials as a federal election looms; the Canadian economy shrunk a second time in three months due to low commodity prices; and the Supreme Court has ruled that bankrupt energy companies cannot …

Five things you should know before you start your work day on Jan. 31

Good morning!Family law courts are looking for ways to get rid of multiple experts and find just one to settle cases; plans for a smart city on Toronto’s Waterfront holds many promises and uncertainties; unsolicited M&A deals in Alberta’s oil industry signals a potential future of more to come; and the U.S. Federal Reserve holds …

Everything you need to know about the enhanced CPP — from how much you’ll pay to how much you’ll get

For each year of pensionable earnings after 2024, maximum CPP payouts will be roughly 1.3 per cent more than under the previous rules.Postmedia While it comes too late for retiring Baby Boomers, the generations that follow will benefit nicely from the newly “enhanced” Canada Pension Plan (CPP). Higher premiums to fund it began this month. …

Facebook shares surge as quarterly profit, revenue beat estimates

The Facebook logo appears on screens at the Nasdaq MarketSite in New York's Times Square.Richard Drew/AP Photo file Facebook Inc. reported revenue that beat Wall Street estimates, showing the largest social-media company’s advertising business is weathering scrutiny over a series of privacy scandals. The company reported fourth-quarter sales of US$16.91 billion, ahead of the US$16.4 …