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.…

Company provides the metrics the cannabis market needs

Jason Hardy of Cann Standard talks about why it’s important to track and synthesize data about the industry

Company provides the metrics the cannabis market needsJason Hardy is co-founder of Cann Standard. What is Cann Standard and what does it do? Hardy: Cann Standard’s mandate is to define cannabis markets. We log listing information for cannabis products anywhere we can find them, from producer and dispensary websites to larger cannabis listing sites and review websites. We process the data and…

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…

Canadians expect to spend more this Christmas shopping season

Many shifting back to in-store shopping, says new report from PwC Canada

Canadians expect to spend more this Christmas shopping seasonChristmas will soon be here and in many ways the shopping season has already begun. A new report says Canadians will spend an average of $1,563 this Christmas shopping season, a 3.7 per cent hike over the previous year. According to PwC Canada's 2018 Holiday Outlook report, eight out of 10 Canadians plan to spend…

Canadian commercial real estate attractive to investors

Viewed globally as a safe haven, given the country's stable economic and political climate, and sound market fundamentals

Canadian commercial real estate attractive to investorsInvestors remain enthusiastic about Canada's commercial property market, despite uncertainty surrounding rising interest rates, the lateness of the investment cycle and – in particular – scarcity of available product to meet insatiable demand, says a new report by commercial real estate firm Avison Young. Canada is still viewed globally as a safe haven, given the…

Haskayne School of Business launching program to help jump-start careers

Program targeted to recent non-business graduates with no more than two years of work experience

Haskayne School of Business launching program to help jump-start careersThe Haskayne School of Business at the University of Calgary is launching a management program to help non-business graduates jump-start their careers. The Haskayne Master of Management provides an immersive 10-month experience in solving business problems with students gaining knowledge in accounting, finance, human resources, marketing, operations, strategy and entrepreneurship along the way. The school said…

Canadian Tire loyalty program adding Husky gas stations

Triangle Rewards is a no-fee loyalty program associated with Canadian Tire, Sport Chek, Mark's and Atmosphere

Canadian Tire loyalty program adding Husky gas stationsCanadian Tire is expanding its Triangle Rewards loyalty program to include Husky gas stations in the country. The company announced on Wednesday that this will give Canadians the ability to earn more electronic Canadian Tire Money (CTM). “We're thrilled to partner with Husky and expand the reach of our loyalty program, adding more than 400…
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