Think twice about jumping on a job offer

Our advice for evaluating whether a job offer is too good to be true

Think twice about jumping on a job offerWhat do you do if offered a job that sounds too good to be true? A headhunter calls and says he has the job opportunity of a lifetime.  Do you jump on it or back off and consider it carefully? Big mistakes are made when emotions take precedence over sound, objective reasoning. Masterful executive search…

Immigration key to solving Canada’s looming labour market crunch

Due to its aging population and low fertility rate, Canada needs new sources of talent: Conference Board of Canada

Immigration key to solving Canada’s looming labour market crunchImmigration is central to countering the impending labour market crunch in Canada, says a report released on Friday by the Conference Board of Canada. The report, Can’t Go It Alone, said that by 2030 all 9.2 million of Canada's baby boomers will have reached retirement age – placing Canada under economic and fiscal pressure. “Can't…

Canadian digital economic activity soars

In 2017, 886,114 Canadian jobs were associated with digital economic activities, representing 4.7% of all jobs

Canadian digital economic activity soarsThe nominal gross domestic product (GDP) associated with digital economic activities was $109.7 billion, or 5.5 per cent of total economic activity in Canada in 2017, according to a report released on Friday by Statistics Canada. “Digital economic activities, commonly referred to as the digital economy, include activities that enable digitization or are highly affected…

Use of cannabis balloons in Canada

An estimated 13% of Canadian workers who are cannabis users consumed the drug before or during work: StatsCan

Use of cannabis balloons in CanadaData released Thursday by Statistics Canada indicates just why the cannabis industry has become such a big part of the Canadian economy in recent months. The federal agency reported that about 5.3 million or 18 per cent of Canadians aged 15 years and older reported using cannabis in the last three months. This was higher…

Mobile Klinik to open smartphone repair locations in Walmart

‘We're excited to reach new customers and markets,’ says CEO

Mobile Klinik to open smartphone repair locations in WalmartMobile Klinik Professional Smartphone Repair, a smartphone and tablet repair business, is partnering with Walmart to open locations in the retail giant’s Supercentres across Canada. “We're committed to bringing convenient, professional, customer-focused smartphone repair, care and services to every market in Canada, and in many markets Walmart is the centre of retail for the community,”…

FedEx partners with Staples to expand retail footprint in Canada

ShipCentres will be offered at all locations in advance of the peak holiday shopping season this year

FedEx partners with Staples to expand retail footprint in CanadaFederal Express Canada Corp. announced on Wednesday that it plans to put full-service ShipCentres in 305 Staples locations across Canada. The company said this will increase FedEx retail locations in Canada to 1,003 effective immediately. “As the backbone of the e-commerce economy, FedEx is always looking for new ways to invest in the best solutions…

Mortgage stress test still felt in Canadian housing market

TD Economics report admits the rules brought housing activity down to a more sustainable level

Mortgage stress test still felt in Canadian housing marketSixteen months after being introduced, the federal government’s mortgage stress test continues to be felt in all corners of the housing market, says a new report by TD Economics. The report, Assess the Stress: Examining the Impact of the B-20 Rules on Housing 16 Months Later, said the mortgage rules distorted sales activity before and…

Record sales for Canadian businesses through Amazon

Small and medium-sized operations collectively exceeded over $900 million in sales

Record sales for Canadian businesses through AmazonIt was a banner year in 2018 for Canadian small and medium-sized businesses using Amazon. On Tuesday, Amazon Canada  announced that over 30,000 Canadian small and medium-sized businesses from across the country collectively exceeded over $900 million in sales on Amazon.ca stores in 2018, including a 30 per cent increase in sales year over year…

Lack of pipeline costs energy sector $20.6 billion in revenue

Fraser Institute report says overdependence on American market is hammering the Canadian oil industry

Just how important is market access and lack of pipeline capacity to the Canadian economy? A report released on Tuesday by the Fraser Institute, a Canadian public policy think-tank, said the issue is driving down the price of Canadian oil, costing the country’s energy sector $20.6 billion in lost revenues last year. “Without sufficient pipelines…

Entrepreneurs buying other businesses to grow, says new report

Increasing number of businesses for sale as entrepreneurs get older, days BDC report

Entrepreneurs buying other businesses to grow, says new reportEntrepreneurs who acquire other businesses do so to grow, says a report released on Tuesday by the Business Development Bank of Canada (BDC). And Pierre Cléroux, vice-president of research and chief economist at BDC, said the issue has become important because of the increasing number of businesses for sale as entrepreneurs get older. “For many…