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…

Canadian economy expected to slow

Shift will reflect weaker consumer spending and the impact of a slowing global economy

Canadian economy expected to slowA new report by Deloitte Economic Advisory says the Canadian economy is at a crossroads in the business cycle – either strong economic growth will lead to inflationary pressures, or growth will slow to a more moderate and sustainable rate of expansion. But the outlook is anticipating the Canadian economy will slow down to two per…

Canadian oil production on the rise

StatsCan says crude oil production totalled 20.7 million cubic metres in July, up 7.6% from a year earlier

Canadian oil production on the riseCanada produced 22.5 million cubic metres (141.4 million barrels) of crude oil and equivalent products in July, up 8.1 per cent compared with the same month in 2017, says Statistics Canada. “The rise in production of crude oil and equivalent products in July was primarily attributable to a 15.2 per cent increase in non-upgraded crude…

WestJet launching non-stop Calgary service to London, Paris and Dublin

‘Alberta's connectivity to the rest of the world is vital for our economy,’ says company president Ed Sims

WestJet launching non-stop Calgary service to London, Paris and DublinWestJet announced on Wednesday that it’s launching non-stop service on board its Dreamliners fleet to London, Paris and Dublin. The company said in launching its first three Boeing 787-9 Dreamliner international destinations from Calgary, WestJet becomes the first Canadian airline to base its Dreamliner aircraft out of YYC Calgary International Airport. “Alberta's connectivity to the rest…

Parkland Fuel Corp. buying 75% of SOL for $1.57 billion

The largest independent fuel marketer in the Caribbean supplies 4.8 billion litres of fuel annually across 23 countries

Parkland Fuel Corp. buying 75% of SOL for $1.57 billionAlberta-based Parkland Fuel Corp. is buying 75 per cent of SOL, the largest independent fuel marketer in the Caribbean, in a deal worth about $1.57 billion. Parkland is Canada's largest and one of North America's fastest growing independent marketers of fuel and petroleum products and a leading convenience store operator. SOL, a privately-held company owned…

Millennials giving up on ever owning a home in a Canadian city

It now takes 53.5 per cent of your income to service the costs of buying a single-family home

Millennials giving up on ever owning a home in a Canadian cityThe proportion of household income needed to service the costs of a single-family home grew to 53.5 per cent in the first quarter of 2018, according to a report released Wednesday. And that is one reason Canadians, especially millennials, are abandoning their dream of ever owning housing in the city and and are now looking to…

Locnest helps put a roof over renters’ heads

Sébastien Barrillier of Locnest talks about how their model offers a simple solution to the security deposit problem

Locnest helps put a roof over renters’ headsSebastien Barrillier is president of Locnest. What is Locnest and how does it work? Barrillier: Locnest provides lease guarantee services to Canadian landlords and tenants. Our lease guarantee can replace security deposits in jurisdictions where they’re permitted and act as a guarantor or co-signer in jurisdictions where they’re not, providing landlords with a secure and…

Publicly-owned facilities in Canada top 50,000

Municipalities own more than 98% of culture, recreation and sport facilities: StatsCan

Publicly-owned facilities in Canada top 50,000The number of publicly-owned culture, recreation and sports facilities in Canada in 2016 topped 50,000. New data released by Statistics Canada on Tuesday showed that there were 51,136 of these facilities, broken down by 5,400 ice arenas, 4,710 pools, 6,753 multi-purpose, 4,412 arts and culture, and 29,861 other facilities “consisting of sports fields, community centres,…

Millennials face challenges dealing with inheritance

Shawnette Fraser of TD Canada Trust says its important to remember that there are emotions at play

Millennials face challenges dealing with inheritanceShawnette Fraser is district vice-president of Calgary North for TD Canada Trust. How big of a market is the millennial generation these days for Canadian financial institutions? Fraser: Millennials make up a large portion of our population, and as customer service-based business we need to be looking to how we can best support them in their…

Precision Drilling buying Trinidad Drilling in a $1-billion deal

It will have a North American fleet that includes over 200 active rigs and 322 total rigs

Precision Drilling buying Trinidad Drilling in a $1-billion dealPrecision Drilling Corp. announced on Friday that it is buying Trinidad Drilling Ltd. in a deal worth about $1.028 billion. It said the deal also includes the assumption of about $477 million in Trinidad net debt. Upon completion of the transaction, existing holders of Trinidad shares will collectively own about 29 per cent of Precision.…
1 8 9 10 11 12 22