Revenue growth across every line of business, says company
Calgary-based Canadian Pacific Railway Ltd. announced on Tuesday record second-quarter revenues of $1.98 billion, an increase of 13 per cent from last year. It also had record earnings per share (EPS) with reported diluted EPS of $5.17 or $4.30 on an adjusted diluted EPS basis. “I commend the team for this record second-quarter performance,” said…
TD Economics report says business activity and confidence is picking up in the province
Alberta’s economy is gaining traction, but the provincial growth outlook will remain constrained over the medium term by a number of influences, including a tepid outlook for oil and gas investment, as well as likely provincial budget restraint, says a report released on Tuesday by TD Economics. Recently, TD projected annual economic growth of 0.5…
An RBC Insurance poll found that 80 per cent of Canadians say their overall well-being would improve if their employer were to offer a personalized wellness program customized to an individual's specific wellness and health-related interests and goals. The poll also found that 94 per cent are more likely to work for an employer who…
International transactions in securities generated a net inflow of funds of $6.1 billion in the Canadian economy in May to total $34.2 billion in the first five months of 2019, reported Statistics Canada on Tuesday. The federal agency said foreign investors acquired $10.2 billion of Canadian securities in May, following two months of divestment. At…
Worse-than-anticipated economic conditions have prompted a further downward revision to Alberta’s 2019 growth forecast, according to a report released on Monday by Scotiabank Economics. The negative conditions are anchored in oil and gas investment but spread somewhat beyond that industry, says the report. Economic growth is forecast at a meagre 0.5 per cent this year…
Massimo Canonico talks about the findings of a Docebo report that shows key disparities in skills training
Massimo Canonico is director of solutions engineering at Docebo. He spoke about a poll commissioned by Docebo, a provider of AI-based learning platforms, titled 2019 Tech Skills Report. What are the key findings from the poll? Canonico: The first thing we noticed when we reviewed the data from our survey was that the approach to…
Robyn Pearson of A Friend Indeed talks about how her service fills a vital gap for multi-generational families
Robyn Pearson is owner of A Friend Indeed. What is A Friend Indeed and what does it do? Pearson: A Friend Indeed is an invaluable resource to the family caregiver that specializes in uplifting the social and emotional quality of life for their elderly loved one through activities and outings. Too often the bulk of…
Seven days a week with same-day or next-day delivery for consumers in Toronto, Montreal, Ottawa and Vancouver
Purolator is launching a new service to take advantage of the boom in e-commerce throughout Canada. On Thursday, it introducted Purolator QuickShip, the country's first service that gives businesses the opportunity to deliver products to consumers seven days a week with same-day or next-day delivery. “In the next five years, we anticipate that 50 per…
Company says its two facilities have created thousands of jobs and contributed over $25 billion in capital spending to the Canadian economy
Calgary-based Cenovus says it has reached a significant milestone with one billion barrels of cumulative production from its Foster Creek and Christina Lake oil sands facilities in northern Alberta. It said it’s the first company to produce one billion barrels of oil using steam-assisted gravity drainage (SAGD) technology. “This incredible achievement for Cenovus represents over…
Canadian media giant Postmedia continues to see declining revenues and net losses. On Wednesday, it said it “intends to continue to identify and undertake ongoing cost reduction initiatives in an effort to address revenue declination in the legacy print business.” In reporting its financials for the three months ended May 31, Postmedia said its net…
Trade uncertainty and oversupply have added a considerable amount of uncertainty to this year’s agricultural outlook, says a report released on Wednesday by TD Economics. The Canadian Agriculture Outlook said oilseeds in particular are expected to weigh on cash receipts and increase storage costs. “That said, there are several pockets of optimism. In the near…
Just how connected are Canadians to the Internet? The Canadian Internet Registration Authority’s (CIRA) annual report, Canada's Internet Factbook 2019, found in a survey that 85 per cent of Canadians had not spent more than one-week offline in the last year, and only one in five had even disconnected for eight consecutive hours. “The Internet…
Retailer Staples Canada has launched a new digital platform on Shopify Plus as the company continues its transformation to “The Working and Learning Company.” Shopify Plus will host the retailer’s core e-commerce platform at staples.ca. “We are excited to be working with Shopify Plus because the team shares our values of helping drive forward entrepreneurship…
‘The growth of technology combined with a shrinking labour force may actually produce a shortage of qualified workers in Canada’
Fears of substantial job losses in the future due to technology may be greatly exaggerated. A series of essays released on Tuesday by the think-tank the Fraser Institute say burgeoning technologies such as automation, artificial intelligence and robotization won’t lead to huge jobs losses. “While some believe the rise of artificial intelligence and other technologies…
The value of building permits in the Calgary and Edmonton regions jumped in May, according to data released on Tuesday by Statistics Canada. The federal agency said that value of $483.8 million for the month in the Calgary census metropolitan area was up 5.3 per cent from April. On an annual basis, it rose by…