Third of Canadians uncertain when buying a home

Concerns about affordability, paying too much, rising interest rates and mortgage qualification top the list: CMHC

Third of Canadians uncertain when buying a homeBuying a home can be a daunting experience for many people. A new survey, released on Thursday by Canada Mortgage and Housing Corp., backs that sentiment up. The agency’s annual Mortgage Consumer Survey said 37 per cent of homebuyers continue to feel concern or uncertainty when buying a home, adding that concerns related to affordability…

Growing through productivity and innovation

Lori Schmidt of GO Productivity talks about how a made-in-Alberta strategy helps companies reach their potential and set new goals

Growing through productivity and innovationLori Schmidt is CEO GO Productivity. Can you explain what GO Productivity is and what it does? Schmidt: GO Productivity is a not-for-profit corporation whose mission it is to assist companies scale up and grow through productivity and innovation – enabling companies to improve their completeness and compete on a global scale. GO Productivity started…

Cannabis by the numbers

The cannabis industry in Canada was estimated at $3 billion in 2017, on par with the beer industry and larger than tobacco

Cannabis by the numbersWith the legalization of cannabis taking effect today, Statistics Canada released some interesting data about the industry and the use of the substance. Here are some of the numbers from StatsCan: The latest National Cannabis Survey results for the third quarter of 2018 indicated about 4.6 million or 15 per cent of Canadians aged 15…

Alberta leads country with highest level of average debt

Calgary and Edmonton had the highest levels of debt of major Canadian cities

Alberta leads country with highest level of average debtThe average consumer debt continues to rise in Alberta with the highest level in the country, according to the latest Equifax Canada Q2 2018 National Consumer Credit Trends Report which was released on Wednesday. Calgary and Edmonton had the highest levels of debt of major Canadian cities and Alberta had the highest for all the…

Young entrepreneur crowdfunding to launch home in a bag concept

Prototype aims to provide protection and connection for those who are affected by displacement and natural disaster

A former Calgary Bow Valley College student is testing out his “LO8OP Home in a Bag” concept until the end of the month to brave the elements and raise money to move the idea to commercial production. Micah Louison, 24, is camping outside his family’s northeast Calgary home in the Bridgeland area until the end of…

Canadian tourism industry booming

Tourism in the first six months of this year directly accounted for more than $18 billion of Canada's GDP

Canadian tourism industry boomingCanada's tourism industry is booming and the federal government says it’s having its best year ever. Tourism activities in the first six months of this year directly accounted for more than $18 billion of Canada's gross domestic product, an increase of more than six per cent over the first half of 2017, said the federal…

Smoking cannabis at home a bad idea for most Canadians: report

The survey found that homeowners felt that lighting up would harm a home’s resale value, as would growing cannabis

Smoking cannabis at home a bad idea for most Canadians: reportA new survey by residential real estate company Zoocasa says most Canadians feel that smoking cannabis inside their homes is a bad idea. The survey found that 64 per cent of homeowners felt that lighting up would harm a home’s resale value. Also, 57 per cent felt that growing the legal amount of cannabis, which…

Foreign investment in Canadian securities lowest since beginning of year

Investors acquired Canadian shares and money market instruments instead, says StatsCan

Foreign investment in Canadian securities lowest since beginning of yearForeign investment in Canadian securities slowed to $2.8 billion in August, down from $15.3 billion in July, Statistics Canada reported on Tuesday. The federal agency also said that Canadian investors reduced their holdings of foreign securities by $194 million as they acquired bonds but sold equities. “As a result, Canada's international transactions in securities generated…

Alberta, B.C. to lead Canadian economic growth, again

Scotiabank report says Alberta will have employment gains of 1.8% this year, 1.2% in 2019 and 1.2% in 2020

Alberta, B.C. to lead Canadian economic growth, againAlberta and British Columbia have been the country’s economic growth leaders since 2000 and will continue to be so this year, says a new report released on Monday by Scotiabank Economics. The bank’s latest Provincial Outlook said both western provinces will see economic growth of 2.4 per cent this year, eclipsing the Canadian average of…

Things looking up for Canadian economy

Rotating away from consumption and housing to investment and exports: Scotiabank report

Things looking up for Canadian economyA marked improvement in the Canadian economic outlook is underway, as NAFTA-related uncertainty falls and the massive Kitimat LNG plant is set to raise growth as of next year, says a new report by Scotiabank Economics. “The still-strong global and U.S. economies are helping the Canadian economy rotate away from consumption and housing to investment…

Small business owners need to digitize now: BDC

Businesses with higher digital maturity are 62% more likely to have high sales growth than others, says report

Small business owners need to digitize now: BDCThe Business Development Bank of Canada has launched BDC Small Business Week this week with a simple theme – Digitize now: Transform your business. “In today's connected, automated and data-driven world, it's vital for Canadian businesses to embrace new technologies to keep up with the competition,” said Pierre Cléroux, vice-president of research and chief economist…

Report highlights Alberta’s continued economic vulnerability

Fundamental to diversification of Alberta’s economy is the contribution of small business innovation: ABCtech

Report highlights Alberta’s continued economic vulnerabilityUncertainties in the oil and gas industry and government deficits have weakened industry sentiment that Alberta is economically resilient, according to a report released Monday by the Alberta Council of Technologies (ABCtech). The report also said there’s an associated decline in the sentiment that the province’s innovation ecosystem is effective for supporting small business innovation…

Canadian businesses invest $14B in cyber security prevention

In 2017, 21% of Canadian businesses reported they were impacted by a cyber security incident: StatsCan

Canadian businesses invest $14B in cyber security preventionCanadian businesses reported spending $14 billion to prevent, detect and recover from cyber security incidents in 2017, which represented less than one per cent of their total revenues, according to Statistics Canada. The federal agency reported on Monday that about $8 billion was spent on salaries for employees, consultants and contractors who worked on cyber…

More education needed to prepare youth for jobs of today

A CFIB report recommends that high schools and post-secondary institutions collaborate with the business community

More education needed to prepare youth for jobs of todayA new report by the Canadian Federation of Independent Business says high schools don’t adequately prepare students for the jobs of today and that’s hurting small businesses in Canada, which are facing record-high job vacancy rates and ongoing labour shortages in certain sectors. At the same time, youth unemployment rates in Canada are much higher…

Capital investment slowing in Canada: report

The growth rate of capital investment in Canada has slowed to a 40-year low

Capital investment slowing in Canada: reportThe growth rate of Canadian capital investment is being described as “anemic” and lagging behind the United States and other developed countries, according to a new report released on Thursday by the Fraser Institute, a public policy think-tank. The report said the growth rate of capital investment in Canada has slowed to a 40-year low…
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