Description: A December 2015 report from the Conference Board of Canada discusses Canada’s growth potential in the expanding world market for services. Information processing and professional services are a couple of the key areas offering opportunities in this global marketplace. The report notes that one of the important strategic moves that will help fuel growth… Read more »
Posts By: Brent White
Is it too small to measure?
Description: The Ontario government has delivered close to $1.5 billion in support to business since 2004. But Ontario Auditor General Bonnie Lysyk revealed last week that the government can’t tell its citizens whether or not all this funding has produced jobs or economic growth. The province’s minister responsible for the economic development portfolio countered that… Read more »
How’s your power bill?
Description: Consumers are not fond of rising power bills. But how would you feel if you were an electricity consumer last week when provincial Auditor General Bonnie Lysyk reported that citizens of Ontario paid $37 billion in excess of market prices over an eight year period. That’s billion with a “B” folks. It comes at… Read more »
Cutting back to profit
Description: CIBC and TD Bank reported their year end financial results last week and one thing both banks shared were heavy costs related to job cutbacks. The cuts seemed aimed at reducing costs on a go forward basis to make the banks more competitive. Banks are envisioning competitive challenges – a sort of Uberization of… Read more »
In debt at home
Description: Almost 40% of Canadians owning homes have found themselves in some sort of cash flow crisis in the preceding year according to a recent Globe and Mail report. Increasing house prices might explain why Canadians are reaching out to relatives or loading up the credit card to get through a tough spot in paying… Read more »
Waiting for tax changes
Description: During the recent federal election the Liberals, while supporting cuts in the small business tax rate, expressed concern about businesses being set up mainly to avoid paying higher rates of taxes. Now that the Liberals are in office, some doctors and lawyers fear that the new government may alter the rules on Canadian controlled… Read more »
Lighter than expected
Description: There were still lineups of course. And many retailers were offering deals. But Black Friday this year seemed to have less retail store traffic in the US than in some prior years. Of course, now with some retailers opening on Thanksgiving Thursday, some consumers may have already made their purchases. And online purchases were… Read more »
Ikea Foundation steps in
Description: Many students have found value, pleasure and comfort in Ikea’s furniture. And they’ve gone on to be Ikea shoppers as they move into the world of work. But did you know the Swedish furniture giant also operates a humanitarian arm known as the Ikea Foundation? This Foundation, in typical Ikea fashion, has developed lightweight,… Read more »
Different cultures, different expectations
Description: Bernadette Wightman can now smile. On the street that is. Now serving as president of Cisco Canada, Wightman comes to her post after previously serving as a Cisco executive in Russia where she discovered it is not considered socially acceptable to smile at strangers. It’s an important reminder of the need to be sensitive… Read more »
Where’s my porcelain mug?
Description: Last year 3G Capital Partners LP of Brazil purchased Canadian coffee giant Tim Horton’s. It’s perhaps a sign of 3G’s famous cost-cutting behaviour that some Tim’s outlets are doing away with the classic porcelain coffee mugs in favour of an all paper cup regime. It’s unlikely that all patrons will be happy with this… Read more »