AutoCanada reports new car sales trending down

The company operates dealerships in eight provinces and in Illinois, with more than 4,200 employees overall

AutoCanada reports new car sales trending downNew-car sales are beginning to trend downward, said the Edmonton-based owner of 67 dealerships across Canada and the U.S. AutoCanada Inc. sold 66,073 new and used cars during 2018, and while most of those were new, going forward the company expects to focus more on used-car sales. After several record-setting years of new-car sales, analysts…

National housing market faces shakeup

Ben Myers of Bullpen Research & Consulting talks about how markets are changing across the country

National housing market faces shakeupBen Myers is president of Bullpen Research & Consulting Inc. What does your research tell you about today's consumer and what they’re looking for in a new home? Myers: Location remains the top priority for buyers, that hasn't changed. However, different demographic segments have much different priorities after location. In speaking with realtors and developers,…

ZayZoon provides access to your money between paydays

Technology company ZayZoon's Early Wages On-Demand is taking off across North America, with more than 80,000 businesses participating

ZayZoon provides access to your money between paydaysImagine, as an employee, being able to access money as you earn it. Technology company ZayZoon, based in Calgary, has created a platform, Early Wages On-Demand, that allows people to access their paycheque before payday. The concept has taken off across North America. The platform is now available to more than two million employees by…

Escaping from Technology Jail

Canada’s entrepreneurs cannot compete against global competition with one hand tied behind their backs

Escaping from Technology JailSome of my biggest battles in business have been with accountants. They seem to take great pleasure in playing Dr. No. No you can’t capitalize intangible assets, no you can’t use enterprise valuations, no you can’t, no you can’t, no you can’t! Until I met Joseph Batty, I had no idea that accountants were like…

Canadian economy weighed down by sluggish energy sector

RBC report forecasts Alberta economic growth will slow to 1.3% in 2019

Canadian economy weighed down by sluggish energy sectorCanada’s economy ended 2018 on a weak note, posting the slowest quarterly growth rate since mid-2016 and providing a soft handoff to 2019, according to a Provincial Outlook report released Friday by RBC Economics. Much of the sluggishness is blamed on the energy sector. The report said it expects that to continue in early 2019.…

Canadian MLS sales take steep drop in February

The housing sector is on track to further reduce waning Canadian economic growth: CREA report

Canadian MLS sales take steep drop in FebruaryMLS home sales in Canada dropped 9.1 per cent in February from January, reaching the lowest level since November 2012, according to a report released Friday by the Canadian Real Estate Association. The month-over-month decline was the largest recorded in Canada since the introduction of the mortgage stress test in January 2018. “The number of…

Lack of pipelines, infrastructure cripples Canada’s ability to compete

CAPP report calls for a clear government commitment to resource development and a competitive fiscal environment

Lack of pipelines, infrastructure cripples Canada’s ability to competeCanada has an abundance of natural resources, but a lack of pipelines and insufficient infrastructure are crippling our ability to compete for global market share, says a new report by the Canadian Association of Petroleum Producers. “Before they will invest in Canada, global investors need to see that the Canadian federal and provincial governments are…

Waste not, want not and your business will profit

When you need to find savings in your business, look at the areas of systems, energy, people and inventory

Waste not, want not and your business will profitI was eating breakfast with my son Caleb the other day and noticed he left his crusts on the plate. “Caleb,” I said, “do you know how many kids in the world would beg for scraps of food like you’re wasting?” Watching him made me remember my parents’ reminders about the millions of starving children…

Powerful anti-oil groups march into Canada’s halls of power

With Gerald Butts and others at the epicentre of power, it’s no wonder the oil industry has plummeted into purgatory

Powerful anti-oil groups march into Canada’s halls of powerCanadians watch Robert Mueller’s investigation into Russian interference in the 2016 U.S. presidential election comfortable in the belief that such foreign interference couldn’t happen here. Except it did happen here. And while the Russians adamantly deny interference in American political affairs, the perpetrators of interference in the 2015 Canadian federal election not only devised and…

Canadians’ level of debt rising as proportion of household income

Borrowing edged up in the fourth quarter of 2018 to $21.2 billion: StatsCan

Canadians’ level of debt rising as proportion of household incomeThe level of debt Canadians carry continues to increase. A report released on Thursday by Statistics Canada said “household credit market debt as a proportion of household disposable income increased to 178.5 per cent in the fourth quarter (of 2018), with growth in debt slightly outpacing income growth.” “In other words, there was $1.79 in…
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