Canadians thinking green for holiday shopping

And fewer consumers plan to shop on Black Friday and Boxing Day this year, according to Accenture survey

Canadians thinking green for holiday shoppingEnvironmentally friendly products will account for about one-third of Canadians’ spending this holiday season, according to the eighth annual Holiday Shopping Survey from Accenture. But they will be spending a little less money this year on average. “With increased awareness about the climate crisis, it’s no surprise that responsible retail matters now more than ever,…

Business sentiment still cool: Conference Board of Canada

Business confidence has been in a prolonged slump that shows no signs of clearing, survey suggests

Business sentiment still cool: Conference Board of CanadaBusiness sentiment in Canada remains in its long slump, according to a report by the Conference Board of Canada. The results of board’s latest survey of business leaders show that businesses remain deeply pessimistic about the economy. The Index of Business Confidence fell by 1.5 points to 86.0 in the third quarter of 2019. The…

Small businesses vital to Canadian communities: poll

CFIB urges government to make policy changes that support entrepreneurs

Small businesses vital to Canadian communities: pollMore than nine in 10 Canadians say that small businesses are vital to their communities, according to a public opinion poll released on Wednesday by the Canadian Federation of Independent Business (CFIB).  “Canadians value entrepreneurs and the contributions they make to their communities. One in two are even considering starting a business one day,” said…

Encana moving head office to U.S., changing name

Move still requires shareholder, stock exchange and court approval but it is expected to take place in early 2020

Encana moving head office to U.S., changing nameEnergy giant Encana Corporation announced Thursday it intends to move its corporate headquarters to the United States and change its name to Ovintiv Inc.  The Calgary-based company said the move still requires shareholder, stock exchange and court approval but it is expected to take place in early 2020. "We are excited about our strategic transformation.…

Cannabis use by Canadian seniors on the rise

About 578,000 Canadians reported trying cannabis for the first time in the past three months: StatsCan

Cannabis use by Canadian seniors on the riseBy Troy Media A report released on Wednesday by Statistics Canada says cannabis use is less common among seniors than it is in other age groups but consumption has been accelerating at a much faster pace than it has among other age groups. The report said seniors use is seven per cent compared with 10…

More Canadians use Internet, led by Alberta, B.C.

Nearly 84% of Internet users bought goods or services online in 2018, spending $57.4 billion, up from $18.9 billion in 2012: StatsCan

More Canadians use Internet, led by Alberta, B.C.By Troy Media More Canadians are using the Internet, with people in Alberta and British Columbia leading the way. A report released on Tuesday by Statistics Canada said the share of Canadians aged 15 and older who used the Internet was 91 per cent in 2018, with more seniors reporting Internet use (71 per cent).…

More than half of Canadian mortgages are uninsured

In the first quarter of 2019, nearly two-thirds of residential mortgages in arrears over 90 days were uninsured: StatsCan

More than half of Canadian mortgages are uninsuredBy Troy Media A report released on Monday by Statistics Canada says more than half of outstanding residential mortgages in Canada are uninsured. The total number of outstanding residential mortgages from non-bank lenders at the end of the first quarter of 2019 was 1.7 million, at a total value of $324.9 billion. The average value…

Canadian women more likely than men to hold multiple jobs

Workers whose main job is in health care and social assistance have the highest incidence of multiple jobholding: StatsCan

Canadian women more likely than men to hold multiple jobsBy Troy Media Over the last 20 years, the proportion of Canadian workers holding more than one job has been relatively stable. And women are more likely than men to be multiple jobholders, says a report released on Monday by Statistics Canada. “Workers whose main job is in health care and social assistance have the…

Liberal minority fuelling uncertainty in the energy sector

What will it mean for potential pipeline expansion? What about the economy?

Liberal minority fuelling uncertainty in the energy sectorThe election of a Liberal minority in Monday night’s federal election is fueling a number of questions now in the energy sector and for Canada’s economy. What will this mean for the oilpatch? What will it mean for potential pipeline expansion? What about the economy? “The biggest question mark with this election outcome is for…

Oil/gas extraction sectors decline stalls economic growth

Real gross domestic product was essentially unchanged during July

Oil/gas extraction sectors decline stalls economic growthAfter four months of growth, Canada’s overall economy seems to have taken a breather in July as the oil and gas extraction sector declined. According to a report released on Tuesday by Statistics Canada, real gross domestic product was essentially unchanged during the month. The federal agency said goods-producing industries were down 0.7 per cent…

Reports show worrisome state of personal finances in Canada

Edward Jones and BDO both say Canadians face increasing roadblocks to achieving their financial goals

Reports show worrisome state of personal finances in CanadaTwo reports released Monday continue to show the troubling state of personal finances in Canada. Edward Jones released a new poll that revealed Canadians are banking on an inheritance to help them, as an overwhelming majority struggle to meet their financial goals. The data shows that 83 per cent of Canadians have not achieved their…

Job vacancies on the rise in Canada

Increased in six of the 10 largest industrial sectors

Job vacancies on the rise in CanadaBoth the number of unfilled jobs – job vacancies – and the job vacancy rate increased in the second quarter across Canada, according to Statistics Canada. The federal agency reported Friday that the number of job vacancies was up in four provinces and two territories, with Quebec accounting for nearly 70 per cent of the…

Immigrant earnings gap costs economy $50 billion

While Canada draws some of the best and brightest, our success in integrating those newcomers into the labour force falls short: RBC

Immigrant earnings gap costs economy $50 billionFailing to address the earnings gap among immigrants may be costing Canada $50 billion, or 2.5 per cent of gross domestic product, according to a new report by RBC Economics. The Untapped Potential report says the immigrant wage gap isn’t just a problem for immigrants.  “It has a broader economic impact, in terms of not…

Canadian oil and gas extraction industry suffers net loss in 2018

Total expenses were $137.4 billion (up 25.6 per cent), resulting in a net loss of $13.9 billion, says Statistics Canada

Canadian oil and gas extraction industry suffers net loss in 2018Total revenue for the Canadian oil and gas extraction industry rose 4.9 per cent to $123.5 billion in 2018, following a 35.5 per cent increase in 2017, but total expenses were $137.4 billion (up 25.6 per cent), resulting in a net loss of $13.9 billion, says Statistics Canada in a report released Wednesday. “Total operating…

Proton Technologies extracts low-cost hydrogen from oilfields

The idea for Calgary-based Proton Technologies began as a conversation between leading academic researchers at the University of Calgary and a young Canadian oil and gas company. Both were seeking to redefine the energy sector through the application of game-changing technologies. Proton's mission is to transform the deep earth into a continuing source of green…
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