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…

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…

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…

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,…

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.…

Canadian trade balance in surplus for first time since December 2016

Total imports declined 2.5% to $50 billion in August, with decreases in seven of 11 product sections: StatsCan

Canadian trade balance in surplus for first time since December 2016Canada's merchandise trade balance with the world in August was in a surplus position for the first time since December 2016, according to Statistics Canada. The federal agency reported on Friday that the $526 million surplus followed a $189 million deficit in July. Both imports and exports declined in August. Imports fell 2.5 per cent,…

E-commerce untapped potential for Canadian small businesses

PayPal report points to significant growth of online businesses, while offline enterprises stall

E-commerce untapped potential for Canadian small businessesCanadian small- and medium-sized businesses leveraging e-commerce are growing significantly faster than their offline counterparts, according to a report released on Thursday by PayPal. The report said small businesses that sell online through PayPal grew 22 per cent year over year in 2017, in sharp contrast to offline small businesses, which saw less than one…

Cybersecurity stakes high for Canadian companies

Sixty-four per cent of survey respondents said they don't have a formal data protection program

Cybersecurity stakes high for Canadian companiesCanadian companies are allocating small budgets to protect themselves against cybersecurity threats and they lack the formal internal processes to proactively deal with a breach, according to a new survey released on Thursday by EY. The survey showed that 63 per cent of respondents say their cybersecurity spend is less than 10 per cent of…
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