Wood Buffalo incomes top Alberta list, followed by Okotoks

Median income fell between 2014 and 2017 in 10 out of the 18 large urban areas in the province: ATB

Wood Buffalo incomes top Alberta list, followed by OkotoksWhere are the more lucrative places in Alberta to earn a living? ATB Financial’s economics and research team punched together some numbers from data supplied by Statistics Canada and released their findings on Friday. “Of Alberta’s 18 census metropolitan areas and census agglomerations, Wood Buffalo stands out with the highest median after-tax family income in…

Insurance customers demand real-time services, customization

Susan Johnston of Accenture Canada talks about delivering hyper-personalized, on-demand services

Insurance customers demand real-time services, customizationSusan Johnston is managing director of financial services at Accenture Canada. What were the key findings of the recent report Technology Vision for Insurance 2019? Johnston: Our latest Technology Vision for Insurance 2019 report found that insurance companies are now focused on how they can shape the world around people and select the right moments…

How the insurance industry can embrace the digital age

Tom Super of J.D. Power talks about the company's surprising findings about the insurance industry

How the insurance industry can embrace the digital ageTom Super is vice-president of property and casualty insurance intelligence at J.D. Power. Are insurance companies meeting customer expectations for digital self-service tools, customer service channels and omni-channel integration? Super: Insurance companies are fairly strong when it comes to customer service channels. Insurance has always been a very service heavy business and the lessons learned…

Helping the world run better

Dominika Warchol Hann of SAP Canada on the value of diversity, innovation and creating workforce recognition

Helping the world run betterDominika Warchol Hann is principal of value advisory at SAP Canada. What is SAP Canada and what does it do? Warchol Hann: SAP is the global market leader in enterprise application software, helping companies of all sizes and in all industries run at their best. In Canada, SAP serves more than 16,900 businesses in 25…

Pushing back on the shame over addiction

Vanisha Breault of the Terminator Foundation talks about facing and overcoming the growing pandemic of addictions

Pushing back on the shame over addictionVanisha Breault is founder and executive director of the Terminator Foundation. What is the Terminator Foundation and what does it do? Breault: The Terminator Foundation is a collaboration of integrated health-care systems that support youth and young adults in their effort to recover from addiction and mental health issues. Our goal is to strengthen recovery…

Reimagining how Indigenous business creates value

Trent Fequet talks about how Steel River Group has evolved and grown in just two short years, despite tough economic conditions

Reimagining how Indigenous business creates valueTrent Fequet is president and CEO of Steel River Group. What’s Steel River Group and what does it do? What’s its history? Fequet: Steel River Group is a privately-held and Indigenous-owned-and-operated company. Born out of the deep belief that we need to reimagine how an Indigenous business can create and contribute value to their community,…

Trans Mountain expansion approval embraced by oil patch

Construction expected to begin this year but analysts warn that it will take years to complete and open new markets

Trans Mountain expansion approval embraced by oil patchThe federal government’s approval on Tuesday of the multibillion-dollar Trans Mountain pipeline expansion project is being called a step in the right direction for Alberta’s economy. The Canadian Association of Petroleum Producers said the approval paves the way for Canada to start competing on the world stage. In a statement, CAPP said the approval “means…

When a caregiver becomes a care receiver

Lesson learned: We need to apply child-friendly practices to adult care because when you are ill or injured, you feel like a child again

When a caregiver becomes a care receiverPaid or unpaid, caregivers are never supposed to get sick, right? But sometimes they do. Sue Robins owns a health-care communications company and is the mother of a young man with Down syndrome. Robins used to blog about caring for her son and his encounters with the health-care system. But that all changed the day she received…

Changing jobs? Check out corporate culture first

Put vision, culture and pay/benefits together, and you have the essential ingredients of a perfect match

Changing jobs? Check out corporate culture firstPeople often take jobs for reasons that are far different from the ones that keep them rooted to the same job. Unfortunately, most job-seekers never think about that. If they did, there would be far less turnover, not to mention angst accompanying job-changing. Why do career-builders choose some jobs over others? They match their skills…

Using aerodynamics technology to reduce fuel consumption

Kelly Zwarych of AeroLab Tech talks about being recognized by NASA as a top-25 startup disruptive company and what the future holds

Using aerodynamics technology to reduce fuel consumptionKelly Zwarych is CEO and co-founder of AeroLab Tech. What is AeroLab Technology and what do you do? Zwarych: As a one liner, AeroLab makes market-defining technology in advanced aerodynamics. Drilling down further, our technology measures aerodynamic drag in real time in real world applications. This is really amazing because aerodynamic drag measuring has always…

Trade confidence dips to lowest level in seven years

Disruptive international trade policies have clearly shaken the confidence of Canadian exporters: EDC

Trade confidence dips to lowest level in seven yearsThe latest Trade Confidence Index from Export Development Canada (EDC) says trade confidence among Canada's exporters fell to its lowest level since the European debt crisis seven years ago. “Disruptive international trade policies have clearly shaken the confidence of Canadian exporters,” said Peter Hall, chief economist with EDC, in a news release on Thursday. “One-third of…

A demotion doesn’t have to be demoralizing

Often when positions don't work out and workers are moved into lesser positions, they welcome them, even though it means a salary cut

A demotion doesn’t have to be demoralizingOne day out of the blue, your boss calls you into his office and says that you've been "reclassified." You have no idea what it means, but it sounds exciting. One thing is certain: You weren't canned. Maybe it's a new job, more power, and yes, a bigger paycheck. Sorry, it's none of the above.…

Canadians continue to hold high debt compared to disposable income

Household net worth rose 2.7% to $11,114 billion in the first quarter, according to StatsCan

Canadians continue to hold high debt compared to disposable incomeThe Canadian household credit market debt as a proportion of household disposable income remained at 177.6 per cent in the first quarter, as debt and income grew at similar rates. In other words, there was $1.78 in debt for every $1 of household disposable income, according to data released on Thursday by Statistics Canada. The…

How to protect your company against fraud

Former RCMP investigator Greg Draper, now with MNP LLP, talks about who is most likely to commit fraud and what they target

How to protect your company against fraudGreg Draper is a former RCMP investigator and current vice-president of Valuations, Forensics and Litigation Support at MNP LLP. Who poses the greatest threat – and why – for fraud? Draper: The simple answer is: the person we least expect. You’d never hire someone if we thought they’d defraud the organization. Most of us go…

Albertans’ net worth third highest in country

B.C. and Ontario residents have higher net worth, thanks in part to property values: ATB

Albertans’ net worth third highest in countryAlbertans have consistently held the highest wages among all provinces in the country in recent years. But how do people in the province rate when it comes to their net worth? ATB Financial’s Economics & Research Team discovered that Alberta is third behind Ontario and British Columbia. “The average net worth of households in Alberta…
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