Canadians $1.77 in debt for every dollar of disposable income

The "good news" is that debt is growing at a slower pace

Canadians $1.77 in debt for every dollar of disposable incomeHousehold credit market debt as a proportion of household disposable income fell to 177.1 per cent in the second quarter of this year, the third consecutive quarterly decline, as income grew slightly faster than debt, according to a report released Friday by Statistics Canada. “In other words, there was $1.77 in credit market debt for…

Hatch Ltd., Upside Engineering Ltd. merge in the oil and gas sector

Brings together the largest oil and gas process team for complex upstream and downstream flowsheet development in Canada

Hatch Ltd., Upside Engineering Ltd. merge in the oil and gas sectorTwo significant players in Alberta's oil and gas market have merged. In a news release on Wednesday, Hatch Ltd. announced that Upside Engineering Ltd. has joined Hatch, bringing together the largest oil and gas process team for complex upstream and downstream flowsheet development in Canada with a well-established local engineering firm that specializes in midstream…

High net-worth Canadians focusing on preserving their wealth

The reasons for that include market uncertainty, geopolitical turmoil and home-grown tax changes

High net-worth Canadians focusing on preserving their wealthHigh net-worth Canadians are shifting their focus from generating wealth to preserving what they have, with 82 per cent saying it's more important than ever to 'future-proof' their wealth, says a new study released Wednesday by RBC Wealth Management. The reasons for that include market uncertainty, geopolitical turmoil and home-grown tax changes. "While investment and…

Family-owned businesses under threat

A new study says demographics, tax policy and a lack of trained advisers threaten the continuity of family enterprise

Family-owned businesses under threatFamily-owned businesses have a significant impact on Canada's economy, accounting for for 63.1 per cent of all private sector firms in the country, according to research released on Tuesday. The Family Enterprise Xchange Foundation (FEX-F) partnered with the Conference Board of Canada to study the economic weight, regional impact, industry presence and business performance of…

It pays to get a bachelor’s degree from a college

It pays to get a bachelor’s degree from a collegeIt pays to get a college bachelor's degree, Statistics Canada reported on Monday. The federal agency reported on a study showing that the average annual earnings of college bachelor's degree holders two years after graduation were $55,187. This was 12 per cent higher than the earnings of university bachelor's degree holders ($49,281), 42.5 per cent higher…

Canada still world’s preferred supplier of oil, natural gas: survey

Canada's oil and natural gas industry should play a major role in meeting global energy demand: CAPP

Canada still world’s preferred supplier of oil, natural gas: surveyThe world wants Canadian oil and natural gas, according to an updated international research survey by Ipsos, conducted on behalf of the Canadian Association of Petroleum Producers (CAPP). In the 2019 Global Energy Pulse, a follow up to its 2017 survey, Ipsos found respondents from 31 countries chose Canada as their No. 1 oil and…

Building relationships between guest and host

Robert Vidra talks about how Simply Elegant strives to be an exceptional hospitality firm

Building relationships between guest and hostRobert Vidra is CEO of Simply Elegant. What’s Simply Elegant and what does it do? Vidra: Simply Elegant is a hospitality firm. Our philosophy is “enlightened hospitality.” We work towards providing the best possible experience for our clients, guests, staff and vendors. We must be more than a service or product. It must encompass our…

Workplace financial stress costs economy $16B a year: survey

Workplace financial stress costs economy $16B a year: surveyFinancial stress in the workplace is costing the Canadian economy close to $16 billion a year in lost productivity –and that’s a very conservative estimate, says a survey released on Wednesday by the Canadian Payroll Association. The association's 2019 National Payroll Week Survey of Employed Canadians found that 43 per cent of workers are so…

Canadian trade balance reaches more than $1 billion deficit in July

Canadian trade balance reaches more than $1 billion deficit in JulyCanada's merchandise trade balance with the world went from a slight deficit of $55 million in June to a $1.1-billion deficit in July, says Statistics Canada. The federal agency reported on Wednesday that imports rose 1.2 per cent in July, while exports fell 0.9 per cent. “Following a 4.0 per cent decrease in June, total…
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