IKEA Canada reports strong sales growth

Sales totalled $2.39 billion across the country and e-commerce grew by almost 19%

IKEA Canada reports strong sales growthIKEA Canada announced on Friday that company sales of $2.39 billion across the country for the financial year ending Aug. 31 were an increase of eight per cent on the previous year. It said it experienced “accelerated growth” online as web visitation on IKEA.ca jumped to 104 million customers, contributing to $241.5 million in e-commerce…

Crude oil and equivalent products production up 9.6%

Alberta (82.6%), Saskatchewan (10.3%) and Newfoundland and Labrador (4.7%) accounted for the vast majority of Canadian production

Crude oil and equivalent products production up 9.6%Canadian production of crude oil and equivalent products continued at a robust pace in August as production totalled 23.6 million cubic metres (148.6 million barrels), up 9.6 per cent compared with the same month in 2017, says Statistics Canada. And Alberta produced a record 19.5 million cubic metres of crude oil and equivalent products in…

What a great brand can do for your organization

Author Denise Lee Yohn talks about developing an emotional, meaningful, valuable connection with customers and employees

What a great brand can do for your organizationDenise Lee Yohn is a brand leadership expert, speaker and author of the bestselling book What Great Brands Do and the new book FUSION. Why is building a great brand important? Lee Yohn: In today’s cluttered, competitive marketplace, you need to stand out, get noticed and be perceived as different from others like you. You…

Gazing into the crystal ball to prepare your business for the future

Businesses must always look to trends and trouble spots on the horizon. Here are some things to watch for in 2019 and beyond

Gazing into the crystal ball to prepare your business for the futureThis is the time of year when many business owners turn their thoughts to the future. We wonder if our sales will hold in the coming year and whether our expenses are going to rise. We try to predict whether we have the right team, right strategies and the ability to face the future. Larger…

Sticking with a successful growth model

Andrew Witkin of StickerYou talks about how and why an e-commerce venture can succeed with a storefront

Sticking with a successful growth modelAndrew Witkin is founder and president of StickerYou. What is StickerYou and can you give me a history of the company? Witkin: StickerYou is an online platform for ordering custom die-cut products – notably stickers, labels, decals, temporary tattoos, etc. We launched in 2010 in Toronto with the first e-commerce technology that empowered people with…

Bombardier slashing 5,000 jobs

Massive restructuring program also includes sale of non-core assets and new emphasis on technology

Bombardier slashing 5,000 jobsMontreal-based Bombardier, an aerospace and transportation giant in the industry, announced on Thursday that it was slashing 5,000 jobs from its global workforce. In a news release reporting its third quarter financial results, the company said the reduction in staff will take place across the organization over the next 12 to 18 months, “leading to…

Canada needs freer dairy trade

The economic damage of supply management to Canadian families is significant. But we failed to get rid of it in recent trade talks

Canada needs freer dairy tradeThe new United States-Mexico-Canada Agreement (USMCA) is a mixed bag for Canadians. The bright side is that it’s certainly better than having no trade agreement, and is more desirable than the massive uncertainty that comes with not knowing whether an agreement will be reached. On the down side, trade between Canada and the United States…

Imperial Oil developing $2.6-billion Alberta oil sands project

Project will include the first major commercial application of technology to lower greenhouse gas emissions and water use

Imperial Oil developing $2.6-billion Alberta oil sands projectImperial Oil says it’s proceeding with the development of its $2.6-billion Aspen oil sands project, about 45 kilometres northeast of Fort McMurray. The company said the project, which is expected to produce about 75,000 barrels of bitumen per day, will include the first major commercial application of next-generation oil sands recovery technology. The technology is…

Raise a glass of milk to Donald Trump

The U.S. president has helped Canadian consumers by forcing Canada to concede a portion of its dairy market

Raise a glass of milk to Donald TrumpBy Patrick Luciani and Owen Lippert Atlantic Institute for Market Studies If U.S. President Donald Trump is looking for friends, he won't find them in Canada, especially after dressing down Prime Minister Justin Trudeau for being “very dishonest” at the G7 meeting in Quebec earlier this year. That insult won't be soon forgotten. But unintentionally,…

Buying, enhancing and holding real estate

Anthony Giuffre of Avenue Living Asset Management talks about learning to succeed by running under the feet of the giants

Buying, enhancing and holding real estateAnthony Giuffre is founder and CEO of Avenue Living Asset Management. Tell me how Avenue Living started. Giuffre: In the mid-2000s, my business partner and I were reviewing multi-family real estate investment. There were already some major success stories in the buy, enhance value and hold arena, like Boardwalk Real Estate Investment Trust, Mainstreet Equity…