Business Buzz

Twitter – where to now?
The Canadian Press - Feb 10, 2017 - Business Buzz

Many people have heard of Twitter. Not enough of them are signing up to use it. Twitter’s role as a megaphone for the U.S. president, countless celebrities and businesses hasn’t attracted regular people to the service, not in the way Facebook has, or even Instagram and Snapchat. The San Francisco company’s latest earnings report and […]

Cut our taxes too
The Canadian Press - Feb 09, 2017 - Business Buzz

The CEO of Air Canada said he hopes President Donald Trump’s promise Thursday to U.S. airline executives to cut taxes will spur similar action on this side of the border. Calin Rovinescu said such a move might prompt Canada to cut various fees, charges and taxes that represent about 43 per cent of the average […]

Telus Q4 profit falls
The Canadian Press - Feb 09, 2017 - Business Buzz

Telus Corp. (TSX:T) says $305 million in one-time lump-sum payments that it made to employees last year helped push down its fourth-quarter profit by 69 per cent compared with the comparable period in 2015. The payments were in lieu of wage and salary increases for a 30-month period through to the end of 2018. The […]

Tax us, and we’ll tax you
The Canadian Press - Feb 09, 2017 - Business Buzz

The Canadian government is launching a pre-emptive warning for American policy-makers considering a tax on cross-border trade: If you hit us, prepare to be hit back. As she concluded a two-day trip to Washington, Foreign Affairs Minister Chrystia Freeland said Wednesday that she told U.S. politicians that Canada would strongly oppose new tariffs — and […]

Business leaders optimistic
Okanagan Edge Staff - Feb 08, 2017 - Business Buzz

Canadian business leaders’ confidence in the country’s economy went up in the final quarter of 2016. The Young Presidents’ Organization’s Global Pulse Confidence Index for Canada rebounded in the fourth quarter, edging up 1.6 points to 58.4, following a 3.1-point drop in confidence in the third quarter. The small improvement in confidence reflects stabilizing economic […]

A&W to add 200 locations
The Canadian Press - Feb 08, 2017 - Business Buzz

Fast-food chain A&W Food Services of Canada plans to open more than 200 franchisee-owned restaurants by 2020. The burger joint already boasts 879 locations in the country, mostly in Western Canada, and the expansion will focus on Ontario, Quebec and the Atlantic provinces. The company re-invented itself in recent years as an option for diners […]

No to raising retirement
The Canadian Press - Feb 07, 2017 - Business Buzz

A day after the federal Liberals’ economic advisory council recommended raising the age of retirement eligibility, the government is turning the idea down flat. The council advised the government on Monday to raise the age at which workers can collect old age security and Canada Pension Plan benefits in order to keep people in the […]

Ban could be travel boon
The Canadian Press - Feb 07, 2017 - Business Buzz

The head of WestJet Airlines says he sees a possible silver lining with the uncertainty surrounding new U.S. border policies: a boost in international visitors to Canada. CEO Gregg Saretsky said while the airline hasn’t yet seen any jump in interest to its Canadian destinations, he believes the potential is there given the rapidly changing […]

Westjet profits nosedive
The Canadian Press - Feb 07, 2017 - Business Buzz

WestJet Airlines saw its full-year profit drop 19.6 per cent from 2015, as its operating expenses increased more than revenue did. The Calgary-based company’s net income for the 12 months that ended Dec. 31 was $295.5 million, or $2.45 per diluted share. That was down from $367.5 million or $2.92 per share in 2015, a […]

Evolving job market
The Canadian Press - Feb 06, 2017 - Business Buzz

Ottawa should invest $100 million in each of the next five years to establish an arm’s-length national organization focused on helping workers upgrade their skills for the swiftly evolving job market, says the Trudeau government’s economic advisory council. The government’s hand-picked growth council released its latest set of suggestions Monday under five themes — and […]