Entrepreneur News
Signs Of Strain Are Emerging As Interest Rates Rise
The pain of the upcoming recession won’t be distributed equally among Canadian businesses and households, says a new report...
International Arrivals To Canada Approaching Pre-Pandemic Levels
International arrivals to Canada—non-resident visitors and returning Canadians—more than tripled in September those arriving in September 2021, approaching but...
Canada gains 21,000 jobs in September
After dropping in August, employment was little changed (+21,000) in September, with both full-time and part-time work holding steady,...
Canadian Economy Cooling Down
Total GDP grew by a mere 0.3 per cent in Q3 2022, dampened by low business sentiment, although a...
Small Business Owners Want Governments to Address Inflation
Jeff Brown, Head of Commercial Solutions, Equifax Canada, discusses a recent survey showing that 82 per cent of small...
Power To Surcharge On Credit Cards Coming Soon For Small Businesses
Merchants will soon have the ability to surcharge on credit card transactions to offset credit card processing fees, and...
Canada experiences rebound in transaction volume and value in 2021
The Canadian Payment Methods and Trends 2022 report, which analyzes 19.7 billion payment transactions made in 2021, totalling $10.8 trillion, and highlights...
Canada’s labour shortage will be a long-term challenge for the economy
Canada will need to accelerate its immigration goals to address long-term labour and productivity problems, says a report released...
Canadians Struggling To Make Ends Meet – And Taxes Aren’t Helping One Bit
Franco Terrazzano, Federal Director, Canadian Taxpayers Federation, discusses the impact of rising taxes on people. Terrazzano talks about what new...
Canadian Payroll Employment Up By 1.3 Million From A Year Ago
The number of employees receiving pay or benefits from their employer edged up by 12,900 (+0.1%) in July, bringing...
Buying A Home Has Never Been So Unaffordable In Canada
Surging interest rates have driven home ownership costs to record-high levels, says RBC Economics in its latest Housing Affordability...
Canadian Economy Continues To Grow
Real gross domestic product (GDP) in Canada edged up 0.1 per cent in July, after a similar increase in...
Small Business Confidence In Canada Remains Steady
Small business confidence remained steady but muted in September, according to the latest Canadian Federation of Independent Business (CFIB)...
Canadian Home Prices To Drop 2.2% in Q4 2022: RE/MAX Report
The national average residential sale price in Canada is expected to decline by 2.2 per cent in the final...
Investment In Canada’s Oil And Gas Industry On The Rise
The rise in demand and prices in 2021 fostered confidence in the oil and gas extraction industry, and consequently,...
Salaries Trending Upward In Canada
A new survey by Robert Half indicates 42 per cent of employers are offering higher starting salaries to recruit...
Canadian Business Opening Rate At Lowest Level Since March 2020
The business opening rate in Canada decreased from 4.7 per cent in May to 4.2 per cent in June...
Most Provincial Economies to Narrowly Keep Their Heads Above Water in 2023
Provincial economic prospects have further dimmed amid hikes in inflation and interest rates as well as a “souring global...
Food And Beverage Sectors Experience 6th Straight Month of Sales Rising
Sales in the food services and drinking places subsector increased for the sixth consecutive month, rising by 0.4 per...
Canadian Retail Sales See First Decline In 7 Months
Retail sales decreased 2.5 per cent to $61.3 billion in July, the first decline observed in seven months, according...
Digital Technology On The Rise for Canadian Businesses
Statistics Canada is reporting that Canadian businesses with five or more employees in 2021 grossed $398 billion in e-commerce...
Pourquoi la concurrence est importante
La concurrence est primordiale, aujourd’hui plus que jamais.
Why Competition Matters
Now more than ever competition is critical. Canada’s economy is now rebounding from the past two years.
OCC urges Ontario government to implement vaccine passports
The Ontario Chamber of Commerce (OCC) has thrown its support behind the implementation of a province-wide proof of immunization program following reports that such a move is being considered by the Ford government.
New app from Certn designed to simplify background checks
Certn, a Victoria, B.C.-based company that specializes in background screening software, today announced the general availability of Certn Lime for small and medium-sized businesses (SMBs).
Despite pandemic, study indicates software spending up among SMBs
Since the start of the pandemic, 38% of small business owners across Canada have increased their software spending according to a survey of more than 1,000 Canadian small and medium-sized businesses (SMBs) owners.
GrowthGenius secures $2.3 million in funding from FirePower Capital
Toronto-based GrowthGenius, an all-in-one sales automation platform, this week announced the close of $2.3 million investment round led by the private equity arm of FirePower Capital.
Despite concerns about another lockdown, entrepreneurs optimistic: Ownr
Ownr today released its 2021 Entrepreneurship Revival Report, a study that reveals how entrepreneurs are positioning their businesses to support an economic recovery.
BEAP, Norda Stelo team up in AI pilot for Quebec mining sector
BEAP, a clean technology startup, and engineering firm Norda Stelo, said today they are joining forces to introduce artificial intelligence into Quebec’s mining industry on the strength of a $1.2 million investment from provincial government agency Investissement Quebec.
‘Skyrocketing’ insurance costs posing new challenges to recovery: CFIB
Insurance has become the top operating cost concern for small businesses, and seven in 10 report their premiums have gone up since the start of the year, the Canadian Federation of Independent Business (CFIB) said today.
Toronto to open Indigenous Centre for Innovation and Entrepreneurship
The City of Toronto says it is “working with the local Indigenous community to develop the Indigenous Centre for Innovation and Entrepreneurship (ICIE).”
CFIB said it welcomes wage and rent subsidies extension by Ottawa
The Canadian Federation of Independent Business (CFIB) said it is pleased by the recent announcement that the Canada Emergency Wage Subsidy (CEWS) and Canada Emergency Rent Subsidy (CERS) have been extended for another month to October 23, 2021.
Group that supports women entrepreneurs to receive $5M from Budget 2021
Mary Ng, federal Minister of Small Business, Export Promotion and International Trade, today announced $5 million from Budget 2021 for the Women Entrepreneurship Knowledge Hub (WEKH).
Notch raises US$10 million for R&D, ongoing expansion
Toronto-based Notch, a company that has created a software offering that digitizes wholesale food supply ordering for restaurants and distributors, today closed a US$10 million round of financing led by Accomplice and BDC.
Time to end ‘20th century thinking’ about B.C.’s economy, report contends
Over the past 30 years a massive shift has occurred in British Columbia’s economy, changing what drives both growth and jobs in the province, says the BC Tech Association in a report released on Monday.
BMO extends employee wellness services to business owners, entrepreneurs
BMO today said that it plans to offer “wellness services” its own employees can access to Canadian business owners and entrepreneurs until the end of the year as a result of the professional and personal stresses the pandemic and resulting lockdowns have caused.
NACO, Bay Mills Investment Group form Black Presidents Club
The National Angel Capital Organization (NACO) and the Bay Mills Investment Group today launched the Black Presidents Club, which the two described as a “first of its kind in the investment community.”
National skills agenda required to prepare Indigenous youth for digital future: RBC report
Indigenous youth represent a vital influx of entrepreneurs, innovators, managers and business owners for years to come, however, according to a new RBC report released today, many are not being fully prepared to seize the opportunities of the country’s rapidly changing economy.
BMO expands grant program for women-owned businesses across N.A.
BMO Financial Group on Monday announced the expansion of its 2021 Grant Program for women-owned businesses across North America, in collaboration with Deloitte.
Centennial receives $2 million in NSERC grants to support local retailers
Toronto-based Centennial College has received what it describes as “significant long-term funding” from the Natural Sciences and Engineering Research Council of Canada (NSERC) to help companies in their digitization efforts.
Purolator’s True North Small Business Grant Contest gets underway
Purolator said Monday it is now accepting entries for its True North Small Business Grant Contest, which offers offers three Canadian small businesses an opportunity to receive $20,000 in cash, plus $15,000 in marketing promotions and $500 in free shipping.
Nearly half of Canadians anxious about making return to the office
As more and more Canadian companies consider the future of work, Canada Life’s Workplace Strategies for Mental Health has released new research that shows despite the increase in vaccinations, 46% of Canadians working from home are anxious about the threat of the virus if and when they return to the office.
CFIB bringing back contest that honours local merchants
A majority of consumers (60%) say they have been spending less at small businesses during the pandemic, and more at big box stores and online giants (59%), according to a new public opinion poll conducted by Maru/Matchbox on behalf of the Canadian Federation of Independent Business (CFIB).
Entrepreneurial aspirations hit four-year high, RBC poll reveals
Despite the pandemic’s impact on the economy, Canadians’ business aspirations have hit a four-year high, according to the most recent RBC Small Business Poll, with more than half (55%) of Canadians polled saying they have thought about owning a business.
More diverse CEOs critical for Canada’s economic growth, says Ng
Federal Minister of Small Business Mary Ng delivered a call to action yesterday to a group of Canadian business executives that more diversity at the top is key to Canada’s economic success.
Amex Canada launches mentorship, grant program for BIPOC-owned businesses
American Express Canada today launched Blueprint: Backing BIPOC Businesses, which it described as a mentorship and grant program designed to support the advancement of Black, Indigenous and People of Colour (BIPOC) business owners across Canada.
Remote work definitely here to stay, new study finds
BDC, the bank for Canadian entrepreneurs, released a new report today that examines the perception of remote work among Canadian businesses and employees, after more than a year into the COVID-19 pandemic.
Bulk of Ontario small businesses irate about province’s ‘slow’ reopening plan
Ontario’s slow pace of reopening is driving the province further behind the rest of the country, according to the latest data on the Canadian Federation of Independent Business (CFIB)’s Small Business Recovery Dashboard.
BDC Capital unveils $300 million late-stage growth fund
BDC Capital, the investment division of BDC, today launched its new Growth Venture Co-Investment Fund, a $300 million venture capital fund targeting late-stage growth companies.
Small-and medium-sized businesses have big growth plans: KPMG Report
Despite concerns that the economy might be headed for recession, Canada’s small- and medium-sized business (SMBs) leaders are banking on...