Energy production in Canada declining, says StatsCan

Alberta produced 18.3 million cubic metres of crude oil and equivalent products in October, down 4.9 per cent

Energy production in Canada declining, says StatsCanEnergy production in Canada declined in several sectors in October 2019, compared with the same month in 2018, according to Statistics Canada. The federal agency said production of crude oil and equivalent products (-1.7 per cent), natural gas (-1.3 per cent), and coal (-9.3 per cent), as well as electricity generation (-3.3 per cent) declined…

Debt-burdened Canadians want to dig themselves out

Top financial concerns are the rising cost of goods, the low Canadian dollar , low wages and household debt, according to CIBC survey

Debt-burdened Canadians want to dig themselves outCanadians have had their fill of debt. For the 10th straight year, Canadians have told a CIBC poll that getting out of debt is their top financial priority. Numerous surveys and statistics over the past year have demonstrated how far into personal debt many Canadians have fallen. Now, those economic concerns are weighing on their…

Coastal GasLink pipeline sale gives TC the cash to build it

Coastal GasLink pipeline sale gives TC the cash to build itTC Energy Corporation – the former TransCanada – has sold off a nearly two-thirds share of a controversial pipeline that will carry natural gas from northeast British Columbia to a contentious LNG export terminal in Kitimat TC Energy announced it will sell 65 per cent of the Coastal GasLink Pipeline Project to private equity firm…

Cold, wet weather stings Prairies’ honey production

Fell by 35 per cent in Alberta, 1.9 per cent in Manitoba and by 1.4 per cent in Saskatchewan

Cold, wet weather stings Prairies’ honey productionA cold, wet spring and summer on the Prairies took a devastating toll on honey production this year in Alberta, Saskatchewan and Manitoba, Statistics Canada reports. Production in Alberta, the largest honey-producing province in Canada, fell by 35 per cent to 25.1 million pounds, which was the lowest level since 2000, according to the federal…

Canadian household net worth, debt on the rise, StatsCan says

Household debt service ratio rose from 14.82 per cent to 14.9 per cent – an all-time high, statistics from the federal agency indicate

Canadian household net worth, debt on the rise, StatsCan saysCanadian households have more net worth but also a troubling level of household debt, data from Statistics Canada indicates. Net worth rose by $101.4 billion to $11.5 trillion in the third quarter of this year, primarily as a result of a $138-billion hike in the value of total assets. But at the same time the…

Canada’s trade deficit narrows with rise in energy exports

Canada's trade deficit narrows with rise in energy exports

Canada’s trade deficit narrows with rise in energy exportsCanada’s merchandise trade deficit with the world narrowed slightly in from $1.2 billion in September to $1.1 billion in October, says Statistics Canada. The federal agency reported Thursday that exports rose 0.8 per cent in October while imports increased 0.5 per cent, mainly on higher imports of energy products. “Exports of energy products (+3.4 per…

Canadian economy grows at 1.3% annual rate in Q3

Third quarter growth was led by higher business investment and increased household spending, boosting final domestic demand

Canadian economy grows at 1.3% annual rate in Q3Real gross domestic product (GDP) in Canada grew 0.3 per cent in the third quarter of this year, following a 0.9 per cent increase in the second quarter, according to Statistics Canada.  The federal agency reported Friday that, expressed at an annualized rate, GDP advanced 1.3 per cent in Q3. GDP in the United States…

Digital shift not offsetting newspapers’ print decline

Digital advertising sales reached $295.6 million in 2018, a 20.8 per cent increase from 2016, yet print ad sales declined by a much larger amount

Digital shift not offsetting newspapers’ print declineGrowth in digital ads for newspapers has not been fast enough to offset the decline in print advertising, according to data released Friday by Statistics Canada. The federal agency reported that digital advertising sales reached $295.6 million in 2018, a 20.8 per cent increase from 2016. Print advertising sales totalled $1.2 billion, down from $1.6…

Social media emerging as top online shopping tool

Canadian social media users spend an average of $924 per year buying clothes, electronics and toys on social platforms

Social media emerging as top online shopping toolSocial media has become the new shopping mall in Canada as consumers turn to online shopping. Nearly half (47 per cent) of Canadian social media users are shopping on social, according to a report released Thursday by PayPal Canada. The Social Commerce Trend Study also found that almost 40 per cent plan to shop on…

Social media levels playing field for small business

Only half of small businesses in Canada survive their first five years. Digital tools are critical to their success

Social media levels playing field for small businessSocial media levels the playing field for Canadian small businesses and unlocks economic growth, says new research revealed Tuesday by Facebook Canada. The report, Empowered In The Digital Age: Leveling the Playing Field For Canadian Small Business, said only half of small businesses in Canada survive their first five years and accessible digital tools are…