In 2020's second quarter, CP moved 8.41 million metric tonnes (MMT) of Canadian grain and grain products
Canadian Pacific announced Tuesday its best-ever quarter and June for moving Canadian grain and grain products. "The collaborative relationships CP has built with its customers, combined with responsive rail service, have contributed to another quarter of record-breaking grain movements," said Joan Hardy, CP's Vice-President Sales and Marketing Grain and Fertilizers, in a news release. "We…
Foreign students spent about $23.6 billion in Canada last year and much of that income will be lost as a result of COVID-19
Some industries are obvious victims of the COVID-19 pandemic and the resulting economic downturn. Everybody knows that businesses in the travel and hospitality sector, especially at the international level, have taken a serious if not lethal blow. Even with government aid, airlines, cruise ships, hotels and tourist attractions will have great difficulty rebuilding and even…
When making daunting decisions, having people who have experience in industries under discussion is invaluable
Nothing has been more vital to the functioning of Canada’s economy during the COVID-19 pandemic than the Internet. Yet recent appointments to the Canadian Radio-television and Telecommunications Commission (CRTC) reveal a government oblivious to its necessity. Nirmala Naidoo, for Alberta and the Northwest Territories, and Ellen Desmond, for the Atlantic and Nunavut, were added to…
Tim McMillan, President and CEO of the Canadian Association of Petroleum Producers, talks about the state of the industry amid lower oil prices and the COVID crisis
On today's episode of Business Insider with Mario Toneguzzi, Tim McMillan, President and CEO of the Canadian Association of Petroleum Producers, talks about the state of the industry amid lower oil prices and the COVID crisis.
Nearly half of all businesses reported an outright decline of their sales in the past 12 months because of the impacts from COVID‑19, low energy prices
Widespread negative business sentiment caused by the effects of the COVID‑19 pandemic is reflected in a sharp fall in the Bank of Canada’s Business Outlook Survey indicator, which dropped close to the trough experienced during the 2007–09 global financial crisis. “Since the previous survey, conducted before concerns around COVID‑19 had intensified but as oil prices…
Dan Kelly, President of the Canadian Federation of Independent Business, talks about the state of small business in Canada today amid the COVID crisis
On today's episode of Business Insider with Mario Toneguzzi, Dan Kelly, President of the Canadian Federation of Independent Business, talks about the state of small business in Canada today amid the COVID crisis.
35 % of post-secondary students said they no longer have a job placement or summer job this year, and 33% have lost income due to a reduction of work hours
A new poll, released Monday by CIBC, indicates that 87 per cent of post-secondary students in Canada are experiencing one or more financial concerns including how tuition and living expenses will be funded next term. The poll also found that 68 per cent indicate their income would be impacted by the pandemic, compared to 36…
In June, 20 million masks were distributed through restaurant partners, municipalities, long-term care facilities, First Nations and Metis Settlements.
The Alberta government is distributing another 20 million free non-medical masks which will soon be available at A&W, McDonald’s Canada, and Tim Hortons locations across Alberta. The government said distribution of masks through these restaurant partners will resume on July 13. In June, it said, 20 million masks were distributed through restaurant partners, municipalities, long-term…
With the loss of traditional connections and communities, businesses face a cycle of grief. How do you let go and move on?
There has been global grief recently as a result of COVID-19. Many businesses have lost their identity in the process. Uncertain how to let go of what once was, scared to move forward for fear of throwing out a previously viable vision, leaders are challenged to find their space within this new era of business.…
We can get Canadians back to work by leveraging the sector’s leadership in environmental protection and its export potential
“The country isn’t going to recover unless the oil and gas sector recovers.” These words from federal Natural Resources Minister Seamus O’Regan made headlines and highlight the importance of Canada’s largest industry. The reality is that natural gas and oil play an unarguable role in the national economy. Natural gas and oil are Canada’s biggest…
Canadian Pacific announced Tuesday its best-ever quarter and June for moving Canadian grain and grain products. "The collaborative relationships CP has built with its customers, combined with responsive rail service, have contributed to another quarter of record-breaking grain movements," said Joan Hardy, CP's Vice-President Sales and Marketing Grain and Fertilizers, in a news release. "We…
