Canadian crude oil production on the rise

Exports on the rise to U.S. and elsewhere: StatsCan

Canadian crude oil production on the riseCanadian production of crude oil and equivalent products totalled 264.6 million cubic metres in 2018, up 8.5 per cent from the previous year, according to Statistics Canada. The federal agency reported on Monday that non-upgraded production of crude bitumen (+12.7 per cent) was the main contributor to the overall rise. Since January 2016, the average…

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…

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 economic growth slowed to 1.8% in 2018

Decline mainly reflected a drop in investment spending. Exports of goods and services also edged down: StatsCan

Canadian economic growth slowed to 1.8% in 2018The Canadian economy slowed to 0.1 per cent growth in gross domestic product (GDP) in the fourth quarter of 2018, the slowest pace since the second quarter of 2016, says Statistics Canada. The federal agency reported Friday that annual growth was 1.8 per cent for the Canadian economy in 2018 following three per cent growth…

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…

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…

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…

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…
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