Greyhound shuts down services across Western Canada

Alberta, Saskatchewan, Manitoba and most of B.C. to lose passenger and freight services starting Oct. 31

Greyhound shuts down services across Western CanadaGreyhound Canada is shutting down its passenger and freight services in Alberta, Saskatchewan and Manitoba as of Oct. 31 as a result of declining ridership. The company announced it was downsizing its operations due to a 41 per cent plunge in ridership since 2010. In British Columbia, it said, all routes will cease except for…

Smartphone apps links patients to mental health professionals

David Johnson talks about how VictoryLab's app helps people in need using in-the-moment technology

Smartphone apps links patients to mental health professionalsDavid Johnson is founder and CEO of VictoryLab. Calgary’s Business: What is VictoryLab, and what's its history on how and why it was formed? Johnson: Founded in 2015, VictoryLab is an evidence-based, affordable and convenient mental health app available to organizations. With VictoryLab, users can reach out to certified counsellors and licensed therapists from their smartphone…

Trade war a serious threat to Canadian economy: report

Conference Board of Canada says potential breakup of NAFTA and daily threats of new tariffs weigh heavily

Trade war a serious threat to Canadian economy: reportThe Canadian economy is expected to grow by 1.8 per cent this year, down from three per cent growth last year, and the threat of a trade war with the U.S. could add a further shock to the economy, says the Conference Board of Canada. “An easing pace of consumer spending, potential breakup of NAFTA…

Money key driver in people changing jobs

OfficeTeam survey says workers also move because they're bored, don’t feel appreciated or seek a stronger mission

Money key driver in people changing jobsShow me the money. When it comes to leaving jobs, money does indeed talk. A survey by staffing firm OfficeTeam found that 43 per cent of Canadian workers would move on to greener pastures for more money – 45 per cent of men compared with 39 per cent of women. "Professionals want to be rewarded and recognized…

Lower survival rates for self-employed: report

Unincorporated self-employed outnumber incorporated business owners in Canada: StatsCan

Lower survival rates for self-employed: reportSelf-employment has higher entry and exit rates and lower survival probabilities than business ownership in Canada, says a new report released on Monday by Statistics Canada. “Over the period from 2002 to 2013, almost one-half of entrants to business ownership survived five years while less than 30 per cent of entrants to self-employment did the…

Indebted Canadians feeling more optimistic

As a country, we owe an astounding $599 billion on credit cards and other non-mortgage consumer debt: MNP

Indebted Canadians feeling more optimisticCanadians are feeling better about their level of debt and there’s increasing optimism on issues related to personal finance, says a new report released on Monday by MNP. Its Consumer Debt Index found that 61 per cent of Canadians feel their debt situation has improved, including 27 per cent who say their debt situation is…

Breaking barriers to empower women in business

Monica Kretschmer of Canadian Business Chicks talks about how to help female entrepreneurs succeed

Breaking barriers to empower women in businessMonica Kretschmer is founder and CEO of Canadian Business Chicks. Calgary’s Business: What is Canadian Business Chicks? Kretschmer: Canadian Business Chicks is a diverse community of professional and entrepreneurial women with a passion for uniting people to empower women in business, and who embrace life with courage, confidence commitment and integrity. We are a social…

WestJet announces executive changes

‘WestJet has reached a critical juncture as we look to significantly expand our global network,’ says company president Ed Sims

WestJet announces executive changesCalgary-based WestJet announced late Thursday afternoon that the airline will undergo changes to its executive leadership team. Bob Cummings, executive vice-president of strategy and guest services, will retire effective July 31 and Cam Kenyon, executive vice-president of operations, is leaving to return to the United States effective Aug. 31. The company said Charles Duncan, executive…

Canadian trade deficit widens in May

Imports of aircraft and other transportation equipment, as well as energy products, contributed the most to the increase

Canadian trade deficit widens in MayStatistics Canada reported Friday that Canada's merchandise trade deficit with the world totalled $2.8 billion in May, widening from a $1.9 billion deficit in April. “Imports rose 1.7 per cent in May to $51.1 billion, with eight of 11 product sections increasing. Imports of aircraft and other transportation equipment as well as energy products contributed…

Alberta unemployment rate inches up as more people seek work

But 2000 more positions were created in Alberta in June, to a total of 33,600 year-over-year

Alberta unemployment rate inches up as more people seek workAlberta’s unemployment rate jumped to 6.5 per cent in June, according to Statistics Canada. The federal agency reported on Friday that the rate was up from 6.2 per cent the previous month. However, the number of jobs in the province moved in a positive direction as 2000 positions were created month-over-month and 33,600 year-over-year. Nationally,…

Oil prices expected to decline in the coming months

The latest forecast from Deloitte cites increased OPEC output and slipping international demand for oil

Oil prices expected to decline in the coming monthsGlobal oil prices are expected to recede in the coming months after reaching their highest values since 2014. The latest forecast from Deloitte’s Resource Evaluation and Advisory group says that as Organization of Petroleum Exporting Countries (OPEC) increase output and international demand for oil declines in the second half of the year, prices will fall. The…

Enbridge sells natural gas business for $4.3 billion

Gathering and processing operations in Alberta and B.C. sold to Brookfield Infrastructure and partners

Enbridge sells natural gas business for $4.3 billionCalgary-based Enbridge is selling its Canadian natural gas gathering and processing business in the Montney, Peace River Arch, Horn River and Liard basins in British Columbia and Alberta. Brookfield Infrastructure and its institutional partners are acquiring the assets for $4.31 billion. The deal is subject to customary closing adjustments and receipt of regulatory approvals, said…

Helping immigrants realize their potential, one loan at a time

Windmill Microlending gives skilled immigrants a hand up as they qualify to pursue their professions in Canada, for their benefit and Canada’s

Helping immigrants realize their potential, one loan at a timeBrian Felesky is a guarantor and adviser for the Immigrant Access Fund, soon to be renamed Windmill Microlending. Calgary’s Business: Can you explain what Windmill Microlending is and what it does? Felesky: Windmill Microlending, which was until recently called Immigrant Access Fund, is a non-profit organization offering microloans of up to $10,000 to help immigrants…

Alberta, B.C. will drive Canadian economy over next two years

Across the country, manufacturing orders are climbing, infrastructure spending continues and investment is recovering, report says

Alberta, B.C. will drive Canadian economy over next two yearsAlberta will be a leader in national economic growth this year and next, according to a report by Scotiabank Economics. The report said Alberta’s economy will grow by 2.4 per cent this year, followed by 2.5 per cent growth in 2019. That follows a 4.9 per cent increase for the province in 2017. Alberta’s level…