Small uptick in small business confidence

But only 11 per cent of Alberta business owners say their business is in a good state, compared to 48 per cent who say their business is in bad shape

Small uptick in small business confidenceSmall business outlook for the next 12 months is on the mend, but other measures of business health remain far below historic norms, according to the Canadian Federation of Independent Business (CFIB)’s Business Barometer.  In Canada, the index rose by 6.7 points in July to 61.3 while in Alberta it moved up 2.4 points to…

DAVIDsTEA to close 82 stores in Canada

Plans to focus on its expanding online business at www.davidstea.com and sales in grocery stores and pharmacies across Canada

DAVIDsTEA to close 82 stores in CanadaDAVIDsTEA announced Thursday it plans to reopen 18 Canadian stores under new, more favourable lease terms but it will close its other 82 stores. In a news release, the company said it plans to focus on its expanding online business at www.davidstea.com and sales in grocery stores and pharmacies across Canada. The announcement is part…

Alberta payroll employment plunges from April to May

The largest payroll employment decline in May in Canada was in accommodation and food services (-116,500, or -16.9 per cent)

Alberta payroll employment plunges from April to MayPayroll employment in Alberta decreased by 89,300 jobs from April to May and by 421,200 positions year-over-year, according to new data released Thursday by Statistics Canada. Nationally, payroll employment fell by 585,100 on a month-over-month basis and by 3,278,600 year-over-year. The federal agency said construction was the only sector to see an increase in payroll…

New wireless service Shaw Mobile launched in Canada

There are 19 Shaw retail locations across Alberta and B.C., including 12 new and enhanced stores in high-traffic shopping centres to be opened by the end of the summer

New wireless service Shaw Mobile launched in CanadaShaw Communications Inc. announced Thursday the launch of Shaw Mobile — a new wireless service in Canada that it says leverages Shaw’s Fast LTE and Fibre+ network to provide Shaw Internet customers with an innovative wireless experience that can virtually eliminate their monthly wireless data bill. In a news release, the company said Shaw Mobile…

TC Energy sees hike in net income in Q2

Company announced Thursday it has approved the $400 million US Elwood Power Project/ANR Horsepower Replacement

TC Energy sees hike in net income in Q2TC Energy Corporation announced Thursday net income attributable to common shares for second quarter 2020 of $1.3 billion or $1.36 per share compared to net income of $1.1 billion or $1.21 per share for the same period in 2019.  In a news release, it said for the six months ended June 30, net income attributable…

Husky Energy Q2 net loss reaches $304 million

The company had net earnings of $370 million in the second quarter of 2019

Husky Energy Q2 net loss reaches $304 millionHusky Energy reported Thursday it had a net loss of $304 million in the second quarter of this year compared to net earnings of $370 million in the second quarter of 2019. In a news release, the company recorded funds from operations of $18 million in the second quarter. Cash flow from operating activities, which…

Canadian drilling forecast decreased again

Activity levels are at lows not seen in decades and are taking their toll on a sector that was in its sixth year of a downturn when COVID-19 hit

Canadian drilling forecast decreased againThe Petroleum Services Association of Canada (PSAC) has decreased its forecasted number of wells to be drilled (rig released) across Canada for 2020 from 3,100 (April 2020 revision) to 2,800 wells drilled. The association said it is basing its updated 2020 Forecast on average natural gas prices of $2.00 CDN/mcf (AECO), crude oil prices of…

Majority of Canadians stressed about their finances

The survey found that one-in-three Canadians are fearful of losing their job due to the pandemic

Majority of Canadians stressed about their financesA new survey released Tuesday by the Canadian Payroll Association finds that 58 per cent of Canadians feel more stressed about their finances due to the COVID-19 pandemic.  “The repercussions of the pandemic continue to threaten our country’s return to stability. Our research shows that COVID-19 has directly affected the financial stress of working Canadians,…

Business investment a key to Canadian economic recovery

Alberta had above-average annual growth in investment from 1990 to 2014 but since 2014 investment has stagnated

Business investment a key to Canadian economic recoveryIncreasing business investment will be key to help Canada recover from the COVID recession, but provincial performance over the past 30 years shows mixed results, according to a new study released Tuesday by independent public policy think-tank the Fraser Institute. “Business investment is crucial for improving productivity and increasing living standards, so it’s important to…

Canadians remain “very concerned” about resuming normal life

66 per cent are very concerned about the health risks associated with attending shows, festivals, movies or sporting events during COVID

Canadians remain “very concerned” about resuming normal lifeA recent survey by Statistics Canada shows many Canadians are “very concerned” about resuming once-commonplace activities. The new study "Concerns over resuming activities in Canada" was released on Monday. The survey, which was conducted between June 15 and June 21, found that 66 per cent were very concerned about the health risks associated with attending…
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