Natural resources GDP on the decline in Canada

Oil sands extraction declined largely because of shutdowns and maintenance of some production facilities. Crude oil extraction also falls

Natural resources GDP on the decline in CanadaThe natural resources sector in Canada continues to be challenged. A new report released Friday by Statistics Canada said real gross domestic product (GDP) of the natural resources sector fell 2.2 per cent in the third quarter, following a 2.8 per cent rise in the second quarter.  The federal agency said the decline was largely…

Low commodity prices weight on Prairie entrepreneurs

Limited cash flow also a concern for business owners when it comes to investing in their companies these days, according to BDC survey

Low commodity prices weight on Prairie entrepreneursMany Canadian entrepreneurs will continue investing in their companies in 2020 despite growing uncertainty about world economies. But business owners in the Prairies are the most pessimistic, mostly because of low commodity prices and limited cash flow, says the latest annual survey by BDC. The study on investment intentions found that entrepreneurs in the manufacturing…

Red tape reduction leaders to be honoured by CFIB

Albertans agree there is room to reduce red tape headaches considering the government has received over 4,000 suggestions to the cut red tape website

Red tape reduction leaders to be honoured by CFIBIf you’re a small business owner one of the biggest challenges you face is dealing with red tape. It’s a frustration that entrepreneurs across the country have lamented about for years. And each year the Canadian Federation of Independent Business rolls out its Golden Scissors Awards to honour the governments and public servants who have…

Fraser: Infrastructure stimulus spending a waste

Infrastructure projects have very long timelines and by the time shovels hit the ground the recession is usually over and recovery has begun, think tank argues

Fraser: Infrastructure stimulus spending a wasteLooking to discretionary public infrastructure investments as a response to economic downturns may be a poor policy choice, suggests a new study released Wednesday by public policy think-tank the Fraser Institute. The Fiscal Policy and Recessions: The Role of Public Infrastructure Spending report said infrastructure spending is not an effective policy for stimulating the economy…

Third of Canadians face some degree of financial stage fright

Households with an average income of $50,000 worry twice as much (2.25 hours) a day than households with an average income of more than $100,000

Third of Canadians face some degree of financial stage frightThere’s no question that Canadians these days are worrying a lot more about their personal finances, according to new surveys from Scotiabank. The surveys indicate 65 per cent of Canadians with debt struggle to save or invest money while paying down debt and 67 per cent said they find the amount of information about investing overwhelming.…

Business sentiment in the Prairies still weak

The Prairies remain the exception where economic indicators remain weak as energy sector continues to be challenged these days

Business sentiment in the Prairies still weakResults from the winter Business Outlook Survey from the Bank of Canada suggest that business sentiment in the Prairies remains weak while more broadly positive across Canada. “In aggregate, firms’ outlook is supported by expectations of healthy domestic and foreign sales,” according to the survey, released Monday. Key findings of the survey include: Expectations for…

Shaw Communications net income declines 13% in Q1

Net income of $162 million in the three months ended November 30, 2019, fell from $186 million for the same period in 2018

Shaw Communications net income declines 13% in Q1Calgary-based Shaw Communications saw a near 13 per cent year-over-year decline in net income in its fiscal first quarter. The telecommunications company reported Monday that net income of $162 million in the three months ended November 30, 2019, fell from $186 million for the same period in 2018. “The decrease of $24 million was primarily…

Blue collar work dominates top 10 in demand jobs list

Four of the 10 roles on the list are considered to be blue-collar: truck driver, welder, general labourer and heavy duty mechanic

Blue collar work dominates top 10 in demand jobs listWondering what the most in demand jobs are this year? Randstad Canada, which is in the human resources services industry, has compiled a top 10 list which includes a range of sectors. But the growing need for skilled and blue-collar workers stands out, it said on Monday, and four of the 10 roles on the…

Mortgage requirements a barrier to homeownership

The second biggest worry for buyers is whether they can afford the mortgage payment, say more than half of Canadians

Mortgage requirements a barrier to homeownershipA new survey says 56 per cent of Canadians see qualifying for a mortgage as a barrier to homeownership. This is up six points from a year ago. The report by Zillow also found that this concern rises to 64 per cent for consumers who recently purchased a home, likely linked to the mortgage regulation…

‘Ho hum’ forecast for Canadian economy in 2020

Canadian economic growth 1.7 per cent in 2019 followed by a slight decline of 1.6 per cent growth this year then growth of 1.8 per cent in 2021

‘Ho hum’ forecast for Canadian economy in 2020None of the major trends of 2019 suggest impending economic doom for Canada, but nor do they point to much in terms of upside, says a new report by TD Economics. “In all cases, a ‘ho hum’ economic performance appears to be the best we can hope for . . . Some help will come…
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