Business Outlook Survey—Autumn 2019

Business Outlook Survey—Autumn 2019

Forward-looking indicators of foreign sales are slightly positive, suggesting modest export sales growth in the next 12 months. Expectations are backed by demand from the United States and the rest of world and by the level of the Canadian dollar. Firms’ expectations of US economic growth have, however, weakened somewhat; several businesses refer to adverse impacts […]

Better Business Bureau posts consumer alert for FlightHub, JustFly due to pattern of complaints

Better Business Bureau posts consumer alert for FlightHub, JustFly due to pattern of complaints

Following a CBC News story about two customer complaints involving FlightHub, several readers wrote in detailing their gripes with the online travel agency.  “I fear I’ll never get my money back,” wrote Derek Losier of Niagara Falls, Ont. He said that more than a month after he complained to the agency, he was still waiting for a refund for two […]

Business Outlook Survey—Summer 2019

Business Outlook Survey—Summer 2019

Survey results for foreign sales prospects remain positive, though at low levels, and suggest that export sales growth will pick up modestly. Firms based their outlooks on sustained foreign demand, especially from the United States, and the low Canadian dollar. Still, firms anticipate global trade headwinds (e.g., protectionist measures and geopolitical tensions) and related uncertainty […]

Bombardier sells regional jet business to Japanese firm Mitsubishi

Bombardier sells regional jet business to Japanese firm Mitsubishi

MONTREAL – Bombardier Inc. announced Tuesday a deal to sell its regional jet program to Mitsubishi Heavy Industries Ltd. for US$ 550 million. Bombardier chief executive Alain Bellemare said the agreement represents the completion of the transformation of the company’s aerospace business. “With our aerospace transformation now behind us, we have a clear path forward […]

Economic progress depends on business investment

Economic progress depends on business investment

Investment in digital economy, services to lead the way In recent years, companies have not been spending as much as we had expected, in part because they are worried that global trade conflict could disrupt their business. Our aging population and competitiveness issues are also holding back decisions to upgrade or expand capacity in Canada. […]

Google suspends some business with Huawei, restricts access to Android updates: source

Google suspends some business with Huawei, restricts access to Android updates: source

Google has suspended business with Huawei that requires the transfer of hardware, software and technical services except those publicly available via open-source licensing, a source told Reuters on Sunday, in a blow to the Chinese technology company that the U.S. government has sought to blacklist around the world. Holders of current Huawei smartphones with Google […]

Oilpatch reps head east seeking allies among business, civic leaders

Oilpatch reps head east seeking allies among business, civic leaders

Representatives of Canada’s oil and gas industry are headed east this month as the sector looks to rally support among business and municipal leaders. A contingent of oilpatch officials will attend this weekend’s annual meeting of the Ontario Chamber of Commerce (OCC), a gathering that attracts reps from more than 90 chamber groups across the province. The sector will also have a presence at […]

Five things to watch for in the Canadian business world in the coming week

Five things to watch for in the Canadian business world in the coming week

TORONTO – Five things to watch for in the Canadian business world in the coming week:RBI respite? Restaurant Brands International Inc. releases its first quarter financial results on Monday. An Ontario Superior Court judge is expected to approve in the coming days a proposed settlement that will close two cases between RBI and a restive […]

Business Outlook Survey—Spring 2019

Business Outlook Survey—Spring 2019

Sales prospects abroad remain positive, supported by sustained foreign demand, but global trade headwinds and geopolitical tensions are weighing on exporters’ sales outlook (Box 1). Firms’ expectations for US economic growth, although still positive, have moderated from elevated levels in recent surveys. Despite some softening in business sentiment, intentions to spend on machinery and equipment […]

Can a 34-year-old Canadian business school dropout rescue Britain's HMV?

Can a 34-year-old Canadian business school dropout rescue Britain's HMV?

British newspapers are calling Doug Putman a “saviour” who will rescue the nation’s iconic music brand, HMV. But don’t tell him that.  “I’m starting to blush,” says the 34-year-old entrepreneur with a shy smile, standing inside one of the 85 Sunrise Records stores he owns in Canada. “I just keep saying I feel lucky that we […]

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