2018 record year for Canada’s tourism industry

Tourism generates 745,300 jobs across the country and creates an estimated $102.5 billion in income

2018 record year for Canada’s tourism industryTourism in Canada had its second consecutive record-breaking year in 2018 with 21.13 million travellers to Canada, according to a report released on Thursday by Destination Canada. The organization said tourism generates 745,300 jobs in communities across Canada and contributes an estimated $102.5 billion to the economy. “The results released today once again demonstrate that…

Women more likely to put careers on hold to care for loved ones

CIBC study says 30% of women have reduced or stopped saving as a direct result of care responsibilities

Women more likely to put careers on hold to care for loved onesA new study by CIBC says 69 per cent Canadian women make significant financial sacrifices, including putting their careers on hold to care for loved ones, which can put them at a considerable disadvantage to men when it comes to saving for their retirement. The study also found that 30 per cent of women say they've…

Startup leaders optimistic about business conditions improving

They are in growth mode but face challenges in finding enough skilled talent and raising capital: survey

Startup leaders optimistic about business conditions improvingFifty-six per cent of Canadian startup leaders expect business conditions to improve in 2019. But they note challenges in raising capital and hiring talent with the skills needed to grow their businesses, says a report released on Wednesday by Silicon Valley Bank . The inaugural Canada Startup Outlook reports that 31 per cent of respondents to…

Record Canadian use of Interac e-Transfers in 2018

More than 371 million transactions worth a total of more than $132 billion

Record Canadian use of Interac e-Transfers in 2018Canadians used digital money transfer service Interac e-Transfer more than one million times per day last year. In a news release on Tuesday, Interac said it experienced record numbers in 2018 – more than 371 million transactions worth a total of more than $132 billion, representing a 54 per cent increase in volume and a…

‘Exceptional’ year reported by Canadian Tire Corp.

Revenue of $14.1 billion up by 5.9% from the previous year

‘Exceptional’ year reported by Canadian Tire Corp.Canadian Tire Corp. announced on Thursday that it had an “exceptional” year in 2018 as it reported its fourth-quarter and full-year financial results. It said fourth-quarter consolidated revenue of $4.1 billion was up 5.5 per cent from a year ago and up 6.5 per cent excluding its petroleum sector; 2018 annual revenue of $14.1 billion…

Why predatory pricing in Canada’s airline industry must stop

If the smaller competitors are driven from the market, how long will it take for fares to increase, to the detriment of consumers?

Why predatory pricing in Canada’s airline industry must stopCanada’s air travel industry is a mess, with 87 per cent of the domestic market controlled by two carriers and Canadians enduring some of the highest airfares in the world. We actually fly less and see less of our country compared to citizens of other countries precisely because it’s so expensive. We deserve a better…

Petro-Canada launching electric vehicle charging stations

Construction on more than 50 stations in coast-to-coast fast-charging network to begin this spring

Petro-Canada launching electric vehicle charging stationsA network of electric vehicle fast-charging stations is being launched across the country by Petro-Canada, which is part of Calgary-based energy giant Suncor. The company announced on Wednesday that more than 50 of these stations will be located along the Trans-Canada Highway at Petro-Canada stations from Nova Scotia to British Columbia. It said construction is…

One-quarter of Canadians didn’t save a penny in 2018

There's no better time to tighten the fiscal purse strings than when interest rates are on the rise: BMO

One-quarter of Canadians didn’t save a penny in 2018Here’s a scary thought on the state of household finances in Canada. A new report released on Tuesday by BMO said one-quarter of Canadians didn’t save a penny in 2018 as Canadian household credit burdens keep creeping higher. “The current environment is putting some pressure on Canadians' finances, making it more difficult for them to…

Growing number of Canadians file for insolvency

But business insolvencies in 2018 were slightly lower than the previous year across Canada

Growing number of Canadians file for insolvencyAn alarming number of Canadians filed for insolvency in 2018 due to higher interest rates and mounting household debt. According to the Office of the Superintendent of Bankruptcy, 125,266 Canadians became legally insolvent in 2018 – a 2.5 per cent rise over the year before and the second highest number since 2011, said the Canadian…

Christmas overspending drops significantly for Canadian shoppers

Biggest drop was among 18-to-34-year-olds and women, who cut their overspending by almost $200: RBC

Christmas overspending drops significantly for Canadian shoppersOverspending dropped significantly among Canadian shoppers this past holiday season, to an average of $384. That’s down 28 per cent from the $530 average of 2017, the lowest level in eight years, according to the annual RBC Post-Holiday Spending & Saving Insights Poll, which was released on Wednesday. “We're all tempted to toss aside the…
1 2 3 6