46% of Canadians $200 or less away from financial insolvency: poll

The number of Canadians who are $200 or less away from financial insolvency at month-end has jumped to 46 per cent, up from 40 per cent in the previous quarter, as interest rates rise according to a new poll. A survey conducted for insolvency firm MNP Ltd. in December also found that 31 per cent […]

Canadian house price slump makes buyers wary for 2019: Don Pittis

According to a lot of analysis when the Canadian housing boom was at a peak, people were so anxious to get into the market that any fall in prices couldn’t last long. I remember Carol Off at CBC Radio’s As It Happens  grilling me about that in an interview almost exactly four years ago, after I’d written a […]

AltaGas shares soar after it cuts dividend, announces new round of asset sales

Shares in AltaGas Ltd. soared on Thursday morning after it announced it will slash its dividend by 56 per cent and sell its remaining majority stake in a B.C. hydroelectric power operation for $1.39 billion. On his first conference call days after officially taking over as CEO, Randy Crawford said he wants AltaGas to adopt […]

Enbridge pipeline foes look past regulators after another loss in Minnesota

Opponents of Enbridge Energy’s proposed Line 3 crude oil pipeline replacement are turning their attention to fighting the project on other fronts after a Minnesota regulatory panel took one of its final steps Thursday and reaffirmed its approval of the project. The Public Utilities Commission unanimously rejected petitions by environmental and Native American groups that […]

Dollarama reports $133.5M profit in 3rd quarter

Dollarama Inc. says it earned $133.5 million in its latest quarter, up from $130.1 million a year ago. The retailer says the profit amounted to 41 cents per diluted share for the company’s third quarter, up from 38 cents per share in the same quarter last year. Analysts on average had expected a profit of […]

Canadian outdoor giant targets trans community in marketing campaign

Canadian outdoor retailer Mountain Equipment Co-op (MEC) is trying to tap into the hearts and wallets of the transgender community, which is often neglected by mainstream advertising and marketing.  It’s a smart move to bring in more customers but it could backfire if the campaign seems inauthentic, marketing experts say.  “It’s a positive step forward […]

BMO hikes dividend after profit rises 38% in 4th quarter

Bank of Montreal hiked its dividend as it reported a fourth-quarter profit that jumped 38 per cent compared with a year ago and beat analyst estimates. Canada’s fourth-largest bank said Tuesday it will now pay a quarterly dividend of $1 per share, up four cents from its previous payment. The increase in payment to shareholders […]

Security agencies warn of foreign espionage threat to company networks

Canadian companies should watch out when they use technology supplied by state-owned companies from countries that want to steal corporate secrets, the country’s security agencies have warned. The RCMP organized two workshops last March — one in Calgary, the other in Toronto — to raise awareness about threats to critical systems, including espionage and foreign […]

Worry and frustration mount in Alberta as oil prices languish

The street outside Calgary’s downtown Hyatt hotel was teeming with pro-oil demonstrators Thursday, forcing police to close traffic along a busy avenue as the growing crowd spilled over the sidewalks.  While a business audience streamed inside the hotel to listen to the prime minister speak, the large crowd chanted, “Build that pipe!” and “Trudeau must go!” But amidst the rally’s clamour, there emerged an […]

Fall economic statement sets target of 50 per cent export growth by 2025

Finance Minister Bill Morneau’s Fall Economic Statement puts more money where the Trudeau government’s mouth is on its trade diversification strategy, in an attempt to nudge more businesses into pursuing export markets beyond the United States. A new export diversification strategy allocates $1.1 billion over the next six fiscal years, starting in 2018-19, to improve […]