Inappropriate employee expense claims on the rise in Canada

Some of the more egregious infractions included cat food, a helicopter ride, a lawn mower – and a live octopus: Robert Half report

Inappropriate employee expense claims on the rise in CanadaCompanies see many unusual expense requests from their employees but according to a recent survey, the majority of executives say requests that push the envelope have increased in recent years. The Robert Half Management Resources survey, which was released on Thursday, found that 58 per cent of chief financial officers in Canada reported an increase…

Canadian cannabis sales forecast to soar in next few years

Global sales of cannabis grew by 20% in 2018 and are expected to grow by 36% this year: report

Canadian cannabis sales forecast to soar in next few yearsAn international report says spending on adult-use cannabis in Canada is forecast to grow from $113 million in the partial year of 2018 to almost $4.8 billion by 2024. Cannabis became legalized nationwide on Oct. 17, 2018. The seventh edition in the series State of Legal Cannabis Markets reports was released Thursday by Arcview Market…

Canadian seniors’ volunteer efforts valued at nearly $11 billion

Volunteers over the age of 65 contribute on average 214 volunteer hours annually.

Canadian seniors’ volunteer efforts valued at nearly $11 billionJust how valuable are seniors in Canadian society? A new study has put a dollar figure on the value of volunteerism by Canadian seniors and it’s pegged at a whopping $10.9 billion. The Revera Report on Aging: Living a Life of Purpose, the 8th report on aging and ageism released Thursday by Revera, one of…

Canadian gaming industry surpasses $17 billion in revenue

Supports approximately 182,500 jobs, which translates into $11.9 billion in labour income

Canadian gaming industry surpasses $17 billion in revenueCanadian gaming has become a multibillion-dollar industry directly supporting more than 182,000 jobs across the country, according to a report released on Wednesday by the Canadian Gaming Association. The National Economic Benefits of the Canadian Gaming Industry study said the industry produced $17.1 billion in revenue in 2017. That includes $1 billion in non-gaming revenue…

Big tax revenue from legalized cannabis sales

Federal and provincial government take lower than expected because of bumpy rollout, but significant growth expected in sales and taxes

Big tax revenue from legalized cannabis salesHere’s clear evidence that cannabis is big business. In the first five and a half months following the legalization of cannabis, Canadian governments earned $186 million from excise taxes and general taxes on goods and services directly related to the sale of cannabis, reported Statistics Canada on Wednesday. The federal agency said excise taxes are…

Trans Mountain expansion approval embraced by oil patch

Construction expected to begin this year but analysts warn that it will take years to complete and open new markets

Trans Mountain expansion approval embraced by oil patchThe federal government’s approval on Tuesday of the multibillion-dollar Trans Mountain pipeline expansion project is being called a step in the right direction for Alberta’s economy. The Canadian Association of Petroleum Producers said the approval paves the way for Canada to start competing on the world stage. In a statement, CAPP said the approval “means…

Greenhouse gas emissions on the decline in Canada’s electricity sector

Electricity sector is playing in reducing Canada’s greenhouse gas emissions

Greenhouse gas emissions on the decline in Canada’s electricity sectorGreenhouse gas emissions (GHG) in Canada’s electricity sector have declined by 34 per cent since 2005 and further reductions are expected, says the Conference Board of Canada in a new report released on Tuesday. “Canada-wide, the electricity sector is undergoing fundamental transformation. In each province, electricity generators are playing a leadership role in the move…

Canadian business owners feel depressed at least once a week: study

500 entrepreneurs surveyed

Canadian business owners feel depressed at least once a week: studyBeing a business owner isn’t easy at the best of times but it’s especially difficult these days. That’s evident in a new study released on Tuesday by the Canadian Mental Health Association (CMHA), supported by BDC (Business Development Bank of Canada). The study, Going it Alone: The mental health and well-being of Canada’s entrepreneurs, found that…

Too few businesses concerned about data breaches: survey

Consumers feel less confident than businesses that data security is taken seriously

Too few businesses concerned about data breaches: surveyCanadian businesses are failing to prioritize data protection and remain in denial of the consequences of a data breach, according to a report released Monday by Shred-It. The company’s Data Protection Report said Canadian businesses are overconfident in their approach to information security, yet consumers are more concerned than ever. “The findings of this year’s…

Village Brewery launches non-alcoholic beer

Pale ale will be sold in Western Canadian grocery stores, including Calgary Co-op

Village Brewery launches non-alcoholic beerCalgary-based Village Brewery has launched a non-alcoholic craft beer in time for summer. It’s among Western Canada’s first non-alcoholic beers and the Village Local is the first Alberta crafted beer to be sold in Western Canadian grocery stores, including Calgary Co-op. It’s also available in liquor stores across Alberta. The company says it’s a pale…

Further Trans Mountain delay says Canada closed for business: CAPP

If the project is not approved for summer construction, the federal government will hinder employment, innovation and technology development

Further Trans Mountain delay says Canada closed for business: CAPPAny further delays on the Trans Mountain Expansion Project will signal that Canada is closed for business, says the Canadian Association of Petroleum Producers in a statement issued on Monday in advance of the government of Canada's expected announcement on the project on Tuesday. The statement read: “The Trans Mountain expansion project must be approved…

Oil patch investment will continue to fall: CAPP

Pipeline constraints, a lack of market diversity and inefficient regulations are blamed

The Canadian Association of Petroleum Producers says capital spending in the oil sands is set to decline for a fifth consecutive year this year as Canada’s oil sector continues to miss a significant opportunity to benefit from the global commodity price and finally receive fair market value for Canadian resources. In its 2019 Crude Oil…

Oil patch investment will continue to fall: CAPP

Pipeline constraints, a lack of market diversity and inefficient regulations are blamed

Oil patch investment will continue to fall: CAPPThe Canadian Association of Petroleum Producers says capital spending in the oil sands is set to decline for a fifth consecutive year this year as Canada’s oil sector continues to miss a significant opportunity to benefit from the global commodity price and finally receive fair market value for Canadian resources. In its 2019 Crude Oil…

Trade confidence dips to lowest level in seven years

Disruptive international trade policies have clearly shaken the confidence of Canadian exporters: EDC

Trade confidence dips to lowest level in seven yearsThe latest Trade Confidence Index from Export Development Canada (EDC) says trade confidence among Canada's exporters fell to its lowest level since the European debt crisis seven years ago. “Disruptive international trade policies have clearly shaken the confidence of Canadian exporters,” said Peter Hall, chief economist with EDC, in a news release on Thursday. “One-third of…

Canadians continue to hold high debt compared to disposable income

Household net worth rose 2.7% to $11,114 billion in the first quarter, according to StatsCan

Canadians continue to hold high debt compared to disposable incomeThe Canadian household credit market debt as a proportion of household disposable income remained at 177.6 per cent in the first quarter, as debt and income grew at similar rates. In other words, there was $1.78 in debt for every $1 of household disposable income, according to data released on Thursday by Statistics Canada. The…
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