Canadian retail sales get lift from Raptors’ NBA championship run

Canadian retail sales get lift from Raptors’ NBA championship runRetail sales across Canada were flat and unchanged at $51.3 billion in June from May but were up 1.1 per cent year over year, according to Statistics Canada. But the Toronto Raptors’ presence in the National Basketball Association finals increased sales at sports and sports clothing stores across the country. Stronger sales across most subsectors…

Valvoline buying Calgary-based Minit Lube service centres

All Minit Lube centres are expected to be rebranded as Valvoline Great Canadian Oil Change

Valvoline buying Calgary-based Minit Lube service centresValvoline Inc., a leading worldwide supplier of premium branded lubricants and automotive services, is acquiring certain business assets of Minit Lube in Alberta. The company said in a news release that it will acquire four service centres, which will become Valvoline company-owned stores. They will franchise the remaining two service centres to the existing owner.…

Alberta wholesale sector rebounds in June to $6.9 billion in sales

Nationally, wholesale sales rose 0.6% to $64.1 billion, partly offsetting the 1.9% decline in May

Alberta wholesale sector rebounds in June to $6.9 billion in salesWholesale sales in Alberta increased 1.3 per cent in June to $6.9 billion, following an 8.3 per cent decline in May, says Statistics Canada. In a report released on Thursday, the federal agency said “higher sales were recorded in four of seven subsectors, led by the machinery, equipment and supplies subsector, and the motor vehicle…

Pembina buying Kinder Morgan Canada for $4.35 billion

Pembina buying Kinder Morgan Canada for $4.35 billionPembina Pipeline Corp. is buying Kinder Morgan Canada and the Cochin Pipeline for $4.35 billion, it was announced on Wednesday. Pembina said the transaction values Kinder Morgan Canada at approximately $2.3 billion, or $15.02 per share, and Cochin U.S. at approximately $2.05 billion. Pembina will acquire assets including the Cochin Pipeline system, the Edmonton storage…

Toronto, Vancouver downtown office vacancy lowest in North America

Toronto, Vancouver downtown office vacancy lowest in North AmericaCanada's office market posted positive absorption of nine million square feet in the 12 months ending June 30 – significantly more than the nearly six million square feet absorbed in the prior 12-month period, says Avison Young's Mid-Year 2019 Global Office Market Report released on Tuesday. The report said demand was strongest in Toronto, Montreal and…

Almost all Canadian workers experience some burnout: survey

Almost all Canadian workers experience some burnout: surveyFeeling burned out? Apparently you’re not alone. A recent survey from staffing firm Accountemps found that nearly all senior managers in Canada (96 per cent) believe their team members are experiencing some degree of burnout. In a separate survey, 95 per cent of Canadian workers said they are at least somewhat burned out. According to…

Alberta manufacturing sales fall in June

Alberta manufacturing sales fall in JuneFollowing five consecutive months of increases, manufacturing sales in Alberta fell 6.5 per cent in June to $6.5 billion, according to Statistics Canada. The federal agency reported on Tuesday that “the decline was mostly attributable to lower sales in the petroleum and coal product (-10.5 per cent), chemical (-11.5 per cent) and food (-6.5 per…

Asking rents in Alberta increased in July

Asking rents in Alberta increased in JulyAsking rents in Alberta increased in July for the second straight month, following two months of decline, according to the August national rent report produced by Rentals.ca and Bullpen Research & Consulting. In July the average monthly rent in Calgary for a two-bedroom home was $1,487 (up 0.6 per cent), while it was $1,303 for…

Walmart, Instacart offer on-demand grocery delivery across Canada

Expansion builds on a successful 17-store pilot in Toronto and Winnipeg. Delivery can be made in as soon as one hour

Walmart, Instacart offer on-demand grocery delivery across CanadaWalmart Canada and Instacart announced on Thursday the national expansion of their relationship, which will bring on-demand grocery delivery services from nearly 200 Walmart stores across Canadian in as fast as an hour. In a news release, the companies said the expansion builds on a successful 17-store pilot in the greater Toronto area and Winnipeg.…

Males more likely to use cannabis than females: StatsCan

Males more likely to use cannabis than females: StatsCanFrom mid-May to mid-June, about 4.9 million or 16 per cent of Canadians aged 15 and older reported using cannabis in the previous three months, according to a report released on Thursday by Statistics Canada.  The federal agency said this was unchanged from what was reported one year earlier (before legalization) for the provinces and…

Homes should be as unique as the people who live in them

Brigitte Lepage talks about the Capstone Custom Homes values of caring for clients, being accountable, innovative and passionate

Homes should be as unique as the people who live in themBrigitte Lepage is co-owner of Capstone Custom Homes. What is Capstone Custom Homes and what does it do? Lepage: Capstone Custom Homes is a luxury custom home builder based in Calgary. We’re also a relationship builder, a people-focused business that builds outstanding homes. The relationships that we have with our clients and everyone we deal…

WestJet sale to Onex clears another hurdle

WestJet sale to Onex clears another hurdleCalgary-based WestJet Airlines Ltd. has announced that Canada’s Competition Bureau has granted unconditional approval for WestJet's proposed sale to Onex Corp. by issuing a no-action letter. “Receiving unconditional approval from the Canadian Competition Bureau is another important step on our path to closing the transaction. We continue to engage with the relevant authorities on the…

Loud and proud about disrupting the sexual health industry

Joey Pomerleau talks about the unusual business model he adopted to allow Wednesday Co. to service communities that have been overlooked

Loud and proud about disrupting the sexual health industryJoey Pomerleau is founder and CEO of Wednesday Co. What is Wednesday Co. and what does it do? Pomerleau: At its core, Wednesday Co. is a subscription condom company. We deliver condoms every month to your doorstep. You set it and forget it, then it’s there when you need it. In the greater scheme, Wednesday…
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