Alberta government eases oil production curtailment

The province introduced mandatory production cuts to reduce the inventory and improve the price of oil

Alberta government eases oil production curtailmentThe Alberta government is increasing the amount of oil production allowed by the province’s producers. It said production limits in May will increase by 25,000 barrels a day and 25,000 more in June – a 50,000 increase in total to 3.71 million barrels per day allowed, effective June 1. This represents a total increase of…

Golden executive payoffs hurt shareholders and economy

Too many Canadian companies have bad managers and boards who rarely face the ramifications of their poor decisions

Golden executive payoffs hurt shareholders and economyThe Goldcorp Inc. merger with Newmont Mining Corp. has many people bemoaning the loss of yet another large, independent Canadian company to an opportunistic acquirer. With the consequent loss of many Goldcorp executive and other head office jobs, the real tragedy is that too many Canadian companies have aimless, dysfunctional, or outright bad managers who…

We need a big-picture perspective on house prices and mortgages

Taking on more debt is not a good thing. In fact, it could be devastating for the Canadian economy

We need a big-picture perspective on house prices and mortgagesThe future, when it arrives, isn’t always what we imagined. Technology hasn’t yet brought us vacation trips to the moon or Mars. But it has brought us Twitter, where even world leaders communicate in 140 character blocks. Does this affect our brains? Can we no longer hold more than one simple idea in our heads…

RE/MAX partners with online real estate brokerage Redfin

Redfin’s new Canadian real estate site brings its industry-leading search experience to most provinces

RE/MAX partners with online real estate brokerage RedfinReal estate powerhouse RE/MAX is partnering with technology-powered real estate brokerage Redfin to reach consumers through the Redfin Partner Program. In a news release, the two companies said that in areas where Redfin doesn’t have capacity to serve customers, Redfin refers customers to approved partner agents at other brokerages, including participating RE/MAX agents. When the…

Fire & Flower launches online cannabis sales

Edmonton-based retailer has e-commerce licence in Saskatchewan and is poised for growth elsewhere

Fire & Flower launches online cannabis salesYou can now order in your pizza and your pot – if you live in Saskatchewan. Fire & Flower Holdings Corp. on Monday launched an e-commerce platform to sell adult-use recreational cannabis to customers in Saskatchewan, and accessory products to the rest of the country. The online ordering service is available from the Edmonton-based retailer’s…

AutoCanada reports new car sales trending down

The company operates dealerships in eight provinces and in Illinois, with more than 4,200 employees overall

AutoCanada reports new car sales trending downNew-car sales are beginning to trend downward, said the Edmonton-based owner of 67 dealerships across Canada and the U.S. AutoCanada Inc. sold 66,073 new and used cars during 2018, and while most of those were new, going forward the company expects to focus more on used-car sales. After several record-setting years of new-car sales, analysts…

National housing market faces shakeup

Ben Myers of Bullpen Research & Consulting talks about how markets are changing across the country

National housing market faces shakeupBen Myers is president of Bullpen Research & Consulting Inc. What does your research tell you about today's consumer and what they’re looking for in a new home? Myers: Location remains the top priority for buyers, that hasn't changed. However, different demographic segments have much different priorities after location. In speaking with realtors and developers,…

ZayZoon provides access to your money between paydays

Technology company ZayZoon's Early Wages On-Demand is taking off across North America, with more than 80,000 businesses participating

ZayZoon provides access to your money between paydaysImagine, as an employee, being able to access money as you earn it. Technology company ZayZoon, based in Calgary, has created a platform, Early Wages On-Demand, that allows people to access their paycheque before payday. The concept has taken off across North America. The platform is now available to more than two million employees by…

Escaping from Technology Jail

Canada’s entrepreneurs cannot compete against global competition with one hand tied behind their backs

Escaping from Technology JailSome of my biggest battles in business have been with accountants. They seem to take great pleasure in playing Dr. No. No you can’t capitalize intangible assets, no you can’t use enterprise valuations, no you can’t, no you can’t, no you can’t! Until I met Joseph Batty, I had no idea that accountants were like…

Canadian MLS sales take steep drop in February

The housing sector is on track to further reduce waning Canadian economic growth: CREA report

Canadian MLS sales take steep drop in FebruaryMLS home sales in Canada dropped 9.1 per cent in February from January, reaching the lowest level since November 2012, according to a report released Friday by the Canadian Real Estate Association. The month-over-month decline was the largest recorded in Canada since the introduction of the mortgage stress test in January 2018. “The number of…
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