Single Canadians reluctant to buy homes

RE/MAX survey shows economic uncertainty and expensive home prices are the biggest factors

Single Canadians reluctant to buy homesA national survey of single Canadians indicates they’re reluctant to purchase a home. According to the RE/MAX survey conducted by Leger and released on Tuesday, 52 per cent of single Canadians said economic uncertainty and expensive home prices are the biggest factors impacting their decision not to purchase a home on their own. The survey…

WestJet’s 2018 net earnings nosedive by more than 67 per cent

Calgary company’s total revenue in 2018 rose by 5% to $4.7 billion

WestJet’s 2018 net earnings nosedive by more than 67 per centCalgary-based WestJet saw its net earnings plunge by 67.2 per cent year over year in 2018. In reporting its fourth quarter and year-end results on Tuesday, the airline said full-year net earnings of $91.5 million were down from $279.1 million in 2017. Diluted earnings per share also fell by 66.4 per cent to 80 cents…

Conference Board concurs: Business confidence plummeting

Businesses cited weak market demand, high interest rates and a shortage of qualified staff as factors holding back investment

Conference Board concurs: Business confidence plummetingThe business confidence of Canadian executives continues its downward spiral that began at the end of 2017 and is now at its lowest point in three years, according to the Conference Board of Canada. On Friday, the board released its Index of Business Confidence. It summarizes the views of business executives in Canada on the…

Tim Hortons launching Double Double Coffee Bar

The company is also rolling out instant coffee, ready-to-drink iced coffee and ready-to-drink Iced Capps

Tim Hortons launching Double Double Coffee BarFans of Tim Hortons will love this. The iconic Canadian coffee brand is launching its new Double Double Coffee Bar. It’s about the same size as a chocolate bar but made with coffee beans. “Across Canada, we're known for our signature coffee. Following the successful launch of our Double Double Timbit earlier this year, we…

Pessimism about national economy grows among business leaders

CPA Canada survey found concern about numerous external risks facing the economy

Pessimism about national economy grows among business leadersA new survey by the Chartered Professional Accountants of Canada says pessimism about the prospects of the national economy over the next 12 months is growing among Canadian business leaders. The CPA Canada Business Monitor found that pessimism among the professional accountants jumped to 35 per cent in the fourth quarter of last year, which…

Canadian venture-backed companies draw record funds in 2018

A report says that Toronto and Vancouver were the top markets in deal activity

Canadian venture-backed companies draw record funds in 2018Canadian venture-backed companies raised a record US$3.5 billion in 471 deals in 2018, according to the MoneyTree Canada report from PwC and CB Insights. The report said the year closed out strongly with a 79 per cent jump in funding to $983 million in the fourth quarter, up from $548 million in the previous quarter.…

Canadian economy edges down in November

Conventional oil and gas extraction was down 2.2% as both crude petroleum and natural gas activity decreased

Canadian economy edges down in NovemberReal gross domestic product in Canada edged down 0.1 per cent in November, partly offsetting an increase of 0.3 per cent in October, reported Statistics Canada on Thursday. “Decreases in wholesale trade, finance and insurance, manufacturing and construction more than offset gains in 13 of 20 industrial sectors. Goods-producing industries were down 0.3 per cent,…

Many Canadians regret retiring, try re-entering the workforce

CIBC poll says too many people approach retirement without a plan

Many Canadians regret retiring, try re-entering the workforceWhen is the right time to retire? As many Canadians get to the age where they’re contemplating their next steps in life, a new CIBC poll indicates 27 per cent of retired Canadians regret retiring and an almost equal number – 23 per cent – have tried re-entering the labour market. The poll, which was…

Consumer spending growth lowest in four years

This is a trend we expect to continue throughout 2019: Moneris Solutions Corp.

Consumer spending growth lowest in four yearsConsumer spending in Canada rose by three per cent year over year in the fourth quarter of 2018. That marked the lowest increase for the year and the lowest quarterly growth in four years, according to Moneris Solutions Corp., Canada's largest processor of debit and credit payments. Quebec and British Columbia saw above-average increases of…

Using video to build brands and make emotional connections

Paul Bzeta of Kicker Video talks about how marketing in the digital age is evolving

Using video to build brands and make emotional connectionsPaul Bzeta is CEO of Kicker Video. Paul spoke with Calgary's Business's Mario Toneguzzi Tell me what Kicker is and what it does? Bzeta: Kicker produces video content for B2B clients in Canada and the U.S. Videos that help our clients explain their products and services in a simple way in order to drive new leads,…

Alarm raised over Canadians’ levels of debt

MNP survey shows 46% of Canadians are $200 or less away from financial insolvency at month-end.

Alarm raised over Canadians’ levels of debtCanadians are more worried today about debt, interest rates and personal finances. And they should be. According to the latest MNP Consumer Debt Index conducted by Ipsos, 46 per cent of Canadians are $200 or less away from financial insolvency at month-end. That’s up from 40 per cent in September. And 31 per cent of…

Help! My boss is a hopeless nincompoop

Learning to adjust could be a career-enhancing experience. Incredible as it seems, your boss's ineptitude could be a blessing

Help! My boss is a hopeless nincompoopUnqualified candidates wind up managers every day. Imagine how qualified employees feel when passed up for plum promotions? In a perfect world, the best candidates quickly climb organizational ladders. But it's not a perfect world and unqualified candidates wind up with great jobs for all the wrong reasons. Heading the list are cronyism (never underestimate…

Why employees jump ship

Employees don't quit their companies; they quit their bosses

Why employees jump shipContrary to popular belief, low salary is usually not the primary reason for quitting a job. Statistics predict that most career-builders won't be working for the same company a decade from now. They're likely to have at least two more jobs. Even though frequent job changes often have a lot to do with variables beyond…

Lowe’s Canada on a hiring spree across Canada

Lowe’s Canada on a hiring spree across CanadaLowe’s Canada announced Wednesday it is looking to fill more than 6,350 full-time, part-time, and seasonal positions across the country this spring. These positions are in addition to some 150 positions currently being staffed in connection with the completion of the consolidation of Lowe's Canada's operations at the head office in Boucherville, in the Greater…

Just say no to sugarcoated communications

Got a bad taste in your mouth? Maybe it's from all those sugar-coated messages you keep getting

Just say no to sugarcoated communicationsSugar-coated messages are in bad taste. In survey after survey, people ask for straight talk on all issues. They don't want artificially-sweetened words that supposedly will help the medicine – that is, the tough messages – go down. When you sugarcoat communication, you're superficially making something attractive or palatable. That's inauthentic, which can cause more…