Single Canadians reluctant to buy homes

RE/MAX survey shows economic uncertainty and expensive home prices are the biggest factors

Single Canadians reluctant to buy homesA national survey of single Canadians indicates they’re reluctant to purchase a home. According to the RE/MAX survey conducted by Leger and released on Tuesday, 52 per cent of single Canadians said economic uncertainty and expensive home prices are the biggest factors impacting their decision not to purchase a home on their own. The survey…

WestJet’s 2018 net earnings nosedive by more than 67 per cent

Calgary company’s total revenue in 2018 rose by 5% to $4.7 billion

WestJet’s 2018 net earnings nosedive by more than 67 per centCalgary-based WestJet saw its net earnings plunge by 67.2 per cent year over year in 2018. In reporting its fourth quarter and year-end results on Tuesday, the airline said full-year net earnings of $91.5 million were down from $279.1 million in 2017. Diluted earnings per share also fell by 66.4 per cent to 80 cents…

Calgary-based company develops innovative LNG technology

Refrigeration technology is also suitable for other gas processing applications, company says

Calgary-based company develops innovative LNG technologyA Calgary-based technology company has developed an innovative, robust and scalable refrigeration/liquefaction technology for the liquefied natural gas (LNG) industry. PTX Technologies Inc. says it’s focused on identifying, evaluating and developing commercial projects that can employ its innovative refrigeration technology to reduce capital, operating costs and improve overall project economics. Colin Nikiforuk, president and CEO…

Imperial Oil net income surpasses $2.1 billion in 2018

Company returned more than $2.5 billion to shareholders through an increased share purchase program

Imperial Oil net income surpasses $2.1 billion in 2018Calgary energy giant Imperial Oil reported on Friday impressive fourth-quarter and full-year earnings for 2018, as well as record annual gross production at the Kearl oil sands project of 206,000 barrels per day. In a news release, Imperial said its net income for the year of $2.134 billion was up $1.824 billion from 2017. Its…

Conference Board concurs: Business confidence plummeting

Businesses cited weak market demand, high interest rates and a shortage of qualified staff as factors holding back investment

Conference Board concurs: Business confidence plummetingThe business confidence of Canadian executives continues its downward spiral that began at the end of 2017 and is now at its lowest point in three years, according to the Conference Board of Canada. On Friday, the board released its Index of Business Confidence. It summarizes the views of business executives in Canada on the…

Tim Hortons launching Double Double Coffee Bar

The company is also rolling out instant coffee, ready-to-drink iced coffee and ready-to-drink Iced Capps

Tim Hortons launching Double Double Coffee BarFans of Tim Hortons will love this. The iconic Canadian coffee brand is launching its new Double Double Coffee Bar. It’s about the same size as a chocolate bar but made with coffee beans. “Across Canada, we're known for our signature coffee. Following the successful launch of our Double Double Timbit earlier this year, we…

Pessimism about national economy grows among business leaders

CPA Canada survey found concern about numerous external risks facing the economy

Pessimism about national economy grows among business leadersA new survey by the Chartered Professional Accountants of Canada says pessimism about the prospects of the national economy over the next 12 months is growing among Canadian business leaders. The CPA Canada Business Monitor found that pessimism among the professional accountants jumped to 35 per cent in the fourth quarter of last year, which…

Canadian venture-backed companies draw record funds in 2018

A report says that Toronto and Vancouver were the top markets in deal activity

Canadian venture-backed companies draw record funds in 2018Canadian venture-backed companies raised a record US$3.5 billion in 471 deals in 2018, according to the MoneyTree Canada report from PwC and CB Insights. The report said the year closed out strongly with a 79 per cent jump in funding to $983 million in the fourth quarter, up from $548 million in the previous quarter.…

Many Canadians regret retiring, try re-entering the workforce

CIBC poll says too many people approach retirement without a plan

Many Canadians regret retiring, try re-entering the workforceWhen is the right time to retire? As many Canadians get to the age where they’re contemplating their next steps in life, a new CIBC poll indicates 27 per cent of retired Canadians regret retiring and an almost equal number – 23 per cent – have tried re-entering the labour market. The poll, which was…

Alberta College of Art + Design becoming a university

Will officially become the Alberta University of the Arts on Feb. 1.

Alberta College of Art + Design becoming a universityThe Alberta College of Art + Design will officially become the Alberta University of the Arts on Feb. 1. It will be the province’s first university dedicated to fine arts and design. And the change comes at an opportune time in Calgary’s history as the city looks at different ways of diversifying its economy following…