Lack of financial literacy skills hurting Canadians

MNP survey says without necessary skills, Canadians are easily lured into debt

Lack of financial literacy skills hurting CanadiansA lack of skills and education are contributing to surging consumer debt in Canada, says a new survey by MNP Ltd. Survey results, which were released on Tuesday, said 85 per cent of Canadians agree that financial literacy in Canada is lacking, and this lack of knowledge is contributing to Canada’s consumer debt problem (87…

Canadian freight rail volume jumps in August

StatsCan says fuel oil and crude petroleum shipments led the way

Canadian freight rail volume jumps in AugustThe volume of rail freight carried in Canada totalled 33.1 million tonnes in August, up 7.7 per cent  from the same month a year earlier, according to Statistics Canada. The federal agency reports that freight originating in Canada rose 7.7 per cent year over year to 29.6 million tonnes in August. “Non-intermodal freight increased by…

Canadian businesses becoming increasingly innovative

Evident in all four types of innovation: product, process, organizational and marketing

Canadian businesses becoming increasingly innovativeA new report released Tuesday by Statistics Canada says Canadian businesses are becoming more innovative. The federal agency said the number of innovative enterprises increased 12.5 points to 79.3 per cent in 2015-2017, up from 66.8 per cent in 2007-2009 and 63.5 per cent in 2010-2012. “This greater propensity to innovate by Canadian businesses may…

Putting an industry-wide bad habit to a stop

Bill Pawluk of Convertible Concepts talks about bringing change to freight industries by promoting innovative technologies

Putting an industry-wide bad habit to a stopBill Pawluk is CEO of Convertible Concepts, What is Convertible Concepts and what do you do? Pawluk: Today’s conventional auto carrier systems around the world are purpose-built to transport only vehicles. This means if a carrier transports vehicles from the point of origin to a dealership, for example, and there are no vehicles coming back…

Calgary summit to focus on aligning wealth with social change

Nov. 16 event to bring together leading experts on a variety of issues around impact investing

Calgary summit to focus on aligning wealth with social changeThe time is ripe for aligning wealth with social change, according to the upcoming fourth annual Capital for Cause Impact Investing summit in Calgary on Nov. 16. Organizers of the event say the summit brings together leading experts on a variety of issues around impact investing. The purpose is to provide relevant and accurate information…

Revenue continues to decline for newspaper giant Postmedia

Decreases in print advertising and circulation revenue cited, while digital advertising rises

Revenue continues to decline for newspaper giant PostmediaCanadian newspaper giant Postmedia says it will “continue to identify and undertake ongoing cost reduction initiatives in an effort to address revenue declination in the legacy print business” after the company reported on Thursday net losses for both its fourth quarter and year-end for fiscal 2018. Postmedia said revenue for the quarter was $158.7 million,…

Shaw Communications revenue tops $5 billion in fiscal 2018

Wireless network investments remain the company’s top priority

Shaw Communications revenue tops $5 billion in fiscal 2018Shaw Communications Inc. saw revenue from continuing operations increase by seven per cent to $1.34 billion in its fourth quarter, which ended Aug. 31. The Calgary-based company also reported on Thursday that revenue was also up by roughly the same amount to $5.24 billion for its full fiscal year of 2018. Operating income before restructuring…

Husky Energy net earnings $545 million in third quarter

The company said it generated funds from operations of $1.3 billion in the quarter, up 48%

Husky Energy net earnings $545 million in third quarterNet earnings for Husky Energy soared in the third quarter of this year. The Calgary-based energy company reported on Thursday that net earnings were $545 million, a 300 per cent increase compared to $136 million in the third quarter of 2017. Net debt at the end of the quarter was lowered to $2.6 billion. “Husky’s…

Getting top value for high-quality barite deposits

John Rucci of Voyageur Minerals talks about the journey from discovery to marketing rare minerals

Getting top value for high-quality barite depositsJohn Rucci is president and CEO of Voyageur Minerals. Please explain the history of Voyageur. How did it come about and what does it do? Rucci: Voyageur was started in 2012 by Brent Willis, chief operating officer, and Brad Willis, vice-president of exploration, as a private company. They’ve been exploring for minerals and in particular…

CN net income surpasses $1 billion in third quarter

Railway company says 22 of 27 capacity expansion projects have been completed this year

CN net income surpasses $1 billion in third quarterCN reports net income of $1.134 billion in the third quarter of the year, an 18 per cent hike from a year ago for the railway company. It also reported that 22 of 27 capacity expansion projects have been completed this year. Revenue in the quarter increased by 14 per cent to $3.688 billion. “Our dedicated…

Canadians worried about rising interest rates

MNP report says millennials have never experienced a time when credit wasn’t cheap and easily accessible

Canadians worried about rising interest ratesCanadians are increasingly fearful of interest rate hikes, according to the latest MNP Consumer Debt Index, which was released on Tuesday. MNP said the fear of a rate increase has intensified over the past few months. One-third of Canadians express concern that rising rates could move them towards bankruptcy. That’s a six-point increase since June.…

Broadening the scope of the business footprint

Kent Kaufield of EY talks about why its important to embrace change and the technology that drives that change

Broadening the scope of the business footprintKent Kaufield is EY Calgary office managing partner and energy managing partner. What are the main services EY offers to companies and businesses? Kaufield: We’re a professional services firm, which means we traditionally get grouped in the same bucket as auditors and accountants. We do that work and we love doing it, but how we…

K-Bro CEO named Prairies Entrepreneur of the Year by EY

Edmonton-based K-Bro has 15 locations across Canada, operations in the UK and plans for continued international expansion

K-Bro CEO named Prairies Entrepreneur of the Year by EYThe winner of this year’s Prairies EY Entrepreneur Of The Year 2018 is Linda McCurdy, Director, President and CEO of K-Bro Linen Systems Inc. – an international leader in laundry and linen processing for hospitality and health care clients. McCurdy became CEO before the age of 30 and transformed K-Bro from a “sleepy privately owned…

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…
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