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…

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…

One in five Canadians need to liquidate assets to pay debt

New survey says the need to liquidate is significantly higher among males and those under 55

One in five Canadians need to liquidate assets to pay debtThe level of personal debt in Canada has been an alarming trend in recent years. A survey released on Wednesday says one-in-five Canadians with debt say they will need to liquidate assets – such as cash in their RRSPs, get a second mortgage, sell a vehicle –  to help pay off or pay down their…

Canada’s non-profit sector adds nearly $170 billion to economy

Volunteer activities would have added a further $41.8 billion to the economy: StatsCan

Canada’s non-profit sector adds nearly $170 billion to economyEconomic activity in the non-profit sector totalled $169.2 billion in 2017, representing 8.5 per cent of Canada's gross domestic product, according to Statistics Canada. Community non-profit institutions accounted for 16.4 per cent of the overall sector, while business non-profit institutions accounted for 10.4 per cent. The most significant portion of non-profit activity (73.2 per cent)…

Automation could play to women’s employment strengths

Evidence suggests that generalist, digital and social skills – the skills that women already use – will be in high demand

Automation could play to women’s employment strengthsAutomation is upending established ways of working, and research by RBC Economics suggests that about half of all jobs in Canada will change significantly in the years ahead – particularly for women. A new report by RBC, Advantage women: how an automated future could play to women’s strengths, says technological disruption will naturally impact both men and…

Former U.S. President concedes energy transition will be “disruptive”

But, Barack Obama told a Calgary audience, "we can figure it out"

Former U.S. President concedes energy transition will be “disruptive”Former U.S. President Barack Obama told a Calgary audience Tuesday that the oil and gas industry has "powered" the industrial revolution, Canada's economy, the U.S. economy and the world. "And it has been an extraordinary run" and the cheapest means of powering "all the things that we do," said Obama. But he said it was…

Women control about $2.2 trillion in Canadian assets: CIBC

By 2028, women will control just under $3.8 trillion or more than one-third of total financial assets

Women control about $2.2 trillion in Canadian assets: CIBCWomen in Canada currently control about $2.2 trillion of Canadian assets, a rising amount of wealth and increasing influence on the overall economy, says a new report released on Monday by CIBC Capital Markets. “More needs to be done in order to fully utilize women's economic might, but the direction is clear,” said the report,…

Canadian fraud risks increasing in a complex digital landscape

If you think there's something wrong, there probably is, says Interac

Canadian fraud risks increasing in a complex digital landscapeIt’s Fraud Prevention Month in Canada and Interac Corp. has launched some tools to help Canadians not get scammed. The company said 71 per cent of Canadians said in a survey that they  feel confident in their ability to detect a phishing scam. But Interac Corp. also found that 96 per cent were unable to identify…

Canadian trade account deficit reaches $15.5 billion

StatsCan said energy products accounted for most of the reduction in the value of exports

Canadian trade account deficit reaches $15.5 billionCanada's account deficit expanded by $5.4 billion in the fourth quarter to $15.5 billion, reflecting a higher trade in goods and services deficit. This was moderated by a lower investment income deficit, says Statistics Canada. The federal agency reported on Thursday that the deficit on trade in goods and services rose by $6.1 billion. Exports…

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…
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