Female entrepreneurs growing 3x faster in Canada

39 per cent of all entrepreneurs that started businesses in 2018 were women

Female entrepreneurs growing 3x faster in CanadaThe number of female entrepreneurs in Canada has grown more than three times faster than the number of male entrepreneurs since 1976, according to a study released Tuesday by BDC (Business Development Bank of Canada). The study also said that 39 per cent of all entrepreneurs who started businesses in 2018 were women, and they…

Oil drilling industry pressures Ottawa

Industry blames ‘punitive’ federal policies and regulations for its struggles

Oil drilling industry pressures OttawaFollowing the federal election in October, the sentiment toward Canadian oil and gas is nearing all-time lows, says a report by the Canadian Association of Oilwell Drilling Contractors. The association says that since 2017 the industry has lost an estimated $30 billion in foreign capital, and companies continue layoffs and relocation efforts. It says its…

‘Firewall’ tactics won’t do much to boost Alberta

As cathartic as it may be, it’s unclear that anything Kenney has prescribed will do much to improve the business climate in this province

‘Firewall’ tactics won’t do much to boost AlbertaManaging our own affairs is good for business. That, at least, is what Alberta’s premier would like us to believe, following a policy speech delivered to a conservative crowd in Red Deer on Saturday. But is it? It depends on how you turn the coin. Premier Jason Kenney said he was up all night writing…

Calgary Co-op buying Community Natural Foods

Co-op plans to operate Community Natural Foods as an independent subsidiary, with the same commitment to local and organic products

Calgary Co-op buying Community Natural FoodsRetail grocery chain Calgary Co-op has acquired Community Natural Foods as part of the succession plan for Community Natural Foods’ owner.  “As representatives of our 440,000 members, Calgary Co-op's board is pleased support the expansion of Calgary Co-op's commitment to health and wellness, while providing Calgary Co-op members with the benefit of annual net earnings…

Canadians to rein in Christmas spending this year

Equifax Canada survey found women were more likely to say they would spend significantly less

Canadians to rein in Christmas spending this year(Troy Media) - As people prepare for the Christmas shopping onslaught with Black Friday just around the corner, a survey released on Monday suggests the majority of Canadians will spend less on holiday gifts this year. The survey by Equifax Canada said 55 per cent of Canadians will be keeping a tighter grip on their…

Second-hand economy grows to $27.3 billion

Kijiji index reveals a shift in consumer motivations towards ‘community-minded commerce’

Second-hand economy grows to $27.3 billionBy Troy Media Four out of five Canadians participated in the second-hand economy in 2018, fuelling a $27.3 billion second-hand economy that has grown annually since 2015, according to the fifth annual Kijiji Second-Hand Economy Index, released on Monday. The company said the index reveals a shift in consumer motivations towards “community-minded commerce,” with Canadians…

Canadian energy production on the decline

StatsCan said crude oil delivered by pipelines to Canadian refineries was up 9.1% to 8.6 million cubic metres

Canadian energy production on the declineEnergy production in Canada declined in several sectors in August compared with the same month in 2018, according to Statistics Canada. The federal agency reported on Monday that production of crude oil and equivalent products (-2.4 per cent), natural gas (-4.8 per cent) and coal (-5.2 per cent), as well as electricity generation (-3.6 per…

Calgary resale housing market prices still falling

But MLS sales have increased, supply is falling and the time it takes for a home to sell is decreasing

Calgary resale housing market prices still fallingThe Calgary Real Estate Board says the city’s resale housing market is moving towards more balanced conditions but it still remains oversupplied and prices continue to remain below last year’s levels. Data released by CREB shows MLS sales in October of 1,447, up 9.62 per cent compared to a  year ago. New listings fell by…

Canadian drilling forecast continues to cool

Capital, companies, equipment and crews are leaving Canada for better opportunities, with the U.S. an easy choice: PSAC

Canadian drilling forecast continues to coolThe Petroleum Services Association of Canada has decreased its forecast for the number of wells expected to be drilled across Canada for this year. In its third update to its 2019 Canadian Drilling Activity Forecast, PSAC revised its number from 5,300 (May 2019 revision) to 5,100 wells drilled. PSAC now projects 2,425 wells to be…
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