Lowe’s closing 31 Canadian stores

Among the store closures: 1 in BC, 2 in Alberta (both in Calgary), 9 in Ontario, 9 in Quebec and 6 in Newfoundland

Lowe’s closing 31 Canadian storesLowe’s Companies Inc., which also operates Rona stores, announced on Monday it will be closing 31 of its Canadian stores as well as 20 U.S. stores. It said the “underperforming” store closures are part of the company’s “ongoing strategic reassessment” and it will “focus on its most profitable stores and improve the overall health of…

Energy giant Cenovus reports net loss of $242M in quarter

The company said wide differentials Canadian oil producers have experienced will begin to ease in coming months

Energy giant Cenovus reports net loss of $242M in quarterEnergy giant Cenovus reported on Wednesday a third-quarter loss of $242 million compared with net earnings of $275 million in the third quarter of 2017. The Calgary-based company also said capital investment fell to $271 million in the quarter, which was down from $438 million a year ago. It said it generated more than $700…

Canadian Tire boosts e-commerce offering

Calgary, Vancouver, Saskatoon, Ottawa and Toronto included in first group of self-serve pick-up locations

Canadian Tire boosts e-commerce offeringRetail giant Canadian Tire announced on Wednesday that it has become the first Canadian retailer to put into market new, automated, 16-foot Self-Serve Pick-Up Towers at select locations across the country. The locations are Calgary, Vancouver, Saskatoon, Ottawa and Toronto. It said the Ottawa area will see two new ways to pick up online purchases…

WestJet net earnings plunge more than 66% from a year ago

The airline reported on Tuesday that net earnings of $45.9 million were down from $135.9 million from the third quarter of 2017

WestJet net earnings plunge more than 66% from a year agoNet earning for Calgary-based WestJet fell by 66.3 per cent in the third quarter from a year ago. The airline reported on Tuesday that net earnings of $45.9 million were down from $135.9 million from the third quarter of 2017. The company reported diluted earnings per share of $0.40, which was down 65.2 per cent…

Lack of financial literacy skills hurting Canadians

MNP survey says without necessary skills, Canadians are easily lured into debt

Lack of financial literacy skills hurting CanadiansA lack of skills and education are contributing to surging consumer debt in Canada, says a new survey by MNP Ltd. Survey results, which were released on Tuesday, said 85 per cent of Canadians agree that financial literacy in Canada is lacking, and this lack of knowledge is contributing to Canada’s consumer debt problem (87…

Calgary’s entrepreneurial spirit will lead to long-term prosperity

The determination to succeed against, at times, daunting odds is in Calgary’s DNA

Calgary’s entrepreneurial spirit will lead to long-term prosperityAs Calgary tackles the challenge of reshaping its economy, the ‘can-do spirit’ is building on a legacy of achievement. Calgarians have a rich history of remarkable success that flows from lofty ambitions and embracing hard work. Think of the world-famous Calgary Stampede, the 1988 Olympics, a globally significant energy sector, or the hell-or-high-water recovery from…

Third of Canadians uncertain when buying a home

Concerns about affordability, paying too much, rising interest rates and mortgage qualification top the list: CMHC

Third of Canadians uncertain when buying a homeBuying a home can be a daunting experience for many people. A new survey, released on Thursday by Canada Mortgage and Housing Corp., backs that sentiment up. The agency’s annual Mortgage Consumer Survey said 37 per cent of homebuyers continue to feel concern or uncertainty when buying a home, adding that concerns related to affordability…

Cannabis by the numbers

The cannabis industry in Canada was estimated at $3 billion in 2017, on par with the beer industry and larger than tobacco

Cannabis by the numbersWith the legalization of cannabis taking effect today, Statistics Canada released some interesting data about the industry and the use of the substance. Here are some of the numbers from StatsCan: The latest National Cannabis Survey results for the third quarter of 2018 indicated about 4.6 million or 15 per cent of Canadians aged 15…

Alberta leads country with highest level of average debt

Calgary and Edmonton had the highest levels of debt of major Canadian cities

Alberta leads country with highest level of average debtThe average consumer debt continues to rise in Alberta with the highest level in the country, according to the latest Equifax Canada Q2 2018 National Consumer Credit Trends Report which was released on Wednesday. Calgary and Edmonton had the highest levels of debt of major Canadian cities and Alberta had the highest for all the…

Smoking cannabis at home a bad idea for most Canadians: report

The survey found that homeowners felt that lighting up would harm a home’s resale value, as would growing cannabis

Smoking cannabis at home a bad idea for most Canadians: reportA new survey by residential real estate company Zoocasa says most Canadians feel that smoking cannabis inside their homes is a bad idea. The survey found that 64 per cent of homeowners felt that lighting up would harm a home’s resale value. Also, 57 per cent felt that growing the legal amount of cannabis, which…
1 2 3 17