New mortgages down in Canada: CMHC

New mortgages down in Canada: CMHCMortgage loans in Canada declined in 2018 due to new mortgage regulations, rising rates and softening housing markets, according to Canada Mortgage and Housing Corp.’s  first Residential Mortgage Industry Report.  “Over the last year, activity in the Canadian mortgage landscape slowed after many years of strong increases, which had been driven by rising housing prices…

Better-designed buildings make people’s lives easier

Tomasz Sztuk of Sztuk Architecture explains why focus on long-term sustainability, efficiency and good detailing pays off

Better-designed buildings make people’s lives easierTomasz Sztuk is owner of Sztuk Architecture. Tell me about you and your company. Sztuk: I’ve been practising architecture in Canada since 1991. Before starting my own firm, Sztuk Architecture Inc., in 2013, I worked in Calgary in capacities ranging from junior architect, to director of design, to principal. In addition to running my own…

Albertans’ retirement income expectations highest in country

RBC poll says many Canadian baby boomers worry about a retirement savings shortfall

Albertans’ retirement income expectations highest in countryMany Canadian baby boomers worry about a retirement savings shortfall and Albertans have the highest expectations for how much they think they’ll need to save for retirement, according to a report released on Thursday by RBC. In a poll, Albertans surveyed said they think they will have to save $1.1 million for their retirement. The…

Alberta EI beneficiaries continue to decline

In Canada, 441,310 people received regular benefits in May, up by 2,020 from the previous month but down 19,630 from a year ago

Alberta EI beneficiaries continue to declineThe number of people receiving regular Employment Insurance benefits continues to fall in Alberta. Statistics Canada reported on Thursday that there were 49,090 regular EI beneficiaries in the province in May, down 1,920 from April and a decrease of 4,120 from a year ago. “The decline was similar to the one observed in April. In…

Canada not reaching full potential for crude oil production

An ongoing lack of pipeline capacity has restricted the growth of Canadian crude production: ATB

Canada not reaching full potential for crude oil productionUnlike in the U.S., Canada has not been able to reach its full potential when it comes to crude oil production, says ATB Financial’s economics and research team. In its daily economic update The Owl, the financial institution said the U.S. shale oil revolution made possible by horizontal drilling and hydraulic fracturing pushed U.S. field…

Putting smartphones back into working order for Canadians

Tim McGuire of Mobile Klinik is building a national service network to meet the needs of all smartphone users

Putting smartphones back into working order for CanadiansTim McGuire is chief executive officer of Mobile Klinik. What is Mobile Klinik and what does it do? McGuire: Mobile Klinik is Canada’s largest and fastest-growing retail network of while-you-wait smartphone and tablet repair, care, sales and services stores. As Canada’s only national Samsung and LG-authorizd in- and out-of-warranty repair retailer, Mobile Klinik offers no-appointment-needed,…

Record quarterly revenue for Canadian Pacific Railway

Revenue growth across every line of business, says company

Record quarterly revenue for Canadian Pacific RailwayCalgary-based Canadian Pacific Railway Ltd. announced on Tuesday record second-quarter revenues of $1.98 billion, an increase of 13 per cent from last year. It also had record earnings per share (EPS) with reported diluted EPS of $5.17 or $4.30 on an adjusted diluted EPS basis. “I commend the team for this record second-quarter performance,” said…

Personalized employer health programs sought by workers: survey

Personalized employer health programs sought by workers: surveyAn RBC Insurance poll found that 80 per cent of Canadians say their overall well-being would improve if their employer were to offer a personalized wellness program customized to an individual's specific wellness and health-related interests and goals. The poll also found that 94 per cent are more likely to work for an employer who…

Canadian economy gets $6.1-billion boost from investments

Canadian economy gets $6.1-billion boost from investmentsInternational transactions in securities generated a net inflow of funds of $6.1 billion in the Canadian economy in May to total $34.2 billion in the first five months of 2019, reported Statistics Canada on Tuesday. The federal agency said foreign investors acquired $10.2 billion of Canadian securities in May, following two months of divestment. At…

Breaking the tech glass ceiling in the workplace

Massimo Canonico talks about the findings of a Docebo report that shows key disparities in skills training

Breaking the tech glass ceiling in the workplaceMassimo Canonico is director of solutions engineering at Docebo. He spoke about a poll commissioned by Docebo, a provider of AI-based learning platforms, titled 2019 Tech Skills Report. What are the key findings from the poll? Canonico: The first thing we noticed when we reviewed the data from our survey was that the approach to…

Improving the lives of seniors – and their families

Robyn Pearson of A Friend Indeed talks about how her service fills a vital gap for multi-generational families

Improving the lives of seniors – and their familiesRobyn Pearson is owner of A Friend Indeed. What is A Friend Indeed and what does it do? Pearson: A Friend Indeed is an invaluable resource to the family caregiver that specializes in uplifting the social and emotional quality of life for their elderly loved one through activities and outings. Too often the bulk of…

Purolator launches e-commerce delivery service

Seven days a week with same-day or next-day delivery for consumers in Toronto, Montreal, Ottawa and Vancouver

Purolator launches e-commerce delivery service Purolator is launching a new service to take advantage of the boom in e-commerce throughout Canada. On Thursday, it introducted Purolator QuickShip, the country's first service that gives businesses the opportunity to deliver products to consumers seven days a week with same-day or next-day delivery. “In the next five years, we anticipate that 50 per…

Cenovus reaches one billion barrels of oil sands production

Company says its two facilities have created thousands of jobs and contributed over $25 billion in capital spending to the Canadian economy

Cenovus reaches one billion barrels of oil sands productionCalgary-based Cenovus says it has reached a significant milestone with one billion barrels of cumulative production from its Foster Creek and Christina Lake oil sands facilities in northern Alberta. It said it’s the first company to produce one billion barrels of oil using steam-assisted gravity drainage (SAGD) technology. “This incredible achievement for Cenovus represents over…

Postmedia net loss hits $7.7 million for third quarter

Postmedia net loss hits $7.7 million for third quarterCanadian media giant Postmedia continues to see declining revenues and net losses. On Wednesday, it said it “intends to continue to identify and undertake ongoing cost reduction initiatives in an effort to address revenue declination in the legacy print business.” In reporting its financials for the three months ended May 31, Postmedia said its net…

Canadian agriculture outlook uncertain: TD

Canadian agriculture outlook uncertain: TDTrade uncertainty and oversupply have added a considerable amount of uncertainty to this year’s agricultural outlook, says a report released on Wednesday by TD Economics.  The Canadian Agriculture Outlook said oilseeds in particular are expected to weigh on cash receipts and increase storage costs. “That said, there are several pockets of optimism. In the near…
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