Higher gas prices help boost retail sales in September

Higher gas prices help boost retail sales in September
OTTAWA — Higher gasoline prices helped bump retail sales higher in September, but economists said it appears consumer spending has cooled after a hot start to the year. Statistics Canada said Thursday retail sales edged up 0.1 per cent to $49.1 billion in September, boosted by sales at gasoline stations as prices climbed due to disruptions caused by hurricane Harvey. However,... Read More

Changes to passive income rules could net feds $6 billion, PBO says

Changes to passive income rules could net feds $6 billion, PBO says
OTTAWA — Parliament’s spending watchdog says Liberal changes to passive investment rules for small businesses could rake in up to $6 billion annually in new tax revenues after a decade. The parliamentary budget office’s report out today says the new tax revenues would likely start out at up to $1 billion in the first year that new rules come into effect,... Read More

Ontario reforms labour laws, boosts minimum wage to $15 in 2019

Ontario reforms labour laws, boosts minimum wage to $15 in 2019
TORONTO — Ontario has passed sweeping labour reform legislation, which includes increasing the minimum wage to $15 an hour. Currently at $11.60 an hour, the minimum wage will rise under the legislation to $14 an hour on Jan. 1, with the increase to $15 coming in 2019. The plan has proved largely popular in government polling and with labour advocates, though... Read More

Survey suggests more Canadians plan to do holiday shopping online this year

Survey suggests more Canadians plan to do holiday shopping online this year
A new survey suggests more Canadians are planning to do some or all of their holiday shopping online this year. A survey commissioned by FedEx Canada and released today found that 65 per cent of Canadians polled planned to shop online this year, while 55 per cent said they did so last year. Six per cent of those polled said they planned... Read More

TSX up in broad-based advance, as U.S. stocks hit new record highs

TSX up in broad-based advance, as U.S. stocks hit new record highs
TORONTO — It was a positive day on both sides of the border as Canada’s main stock index pushed higher and U.S. stocks hit new record highs. The S&P/TSX composite index advanced 72.25 points to 16,076.65, with the materials and base metals sectors leading the broad-based advance. “Looking at all the sectors, they’re up — you have energy, materials and banking up.... Read More

Amazon and the slow death of the traditional grocery store

Amazon and the slow death of the traditional grocery store
The Amazon effect has Loblaws and others reimagining their businesses. Consumers will have greater choice and convenience – from their homes By Sylvain Charlebois Senior Fellow Atlantic Institute for Market Studies The bricks-and-mortar food retailing model is losing its lustre in Canada. The signs are everywhere. Loblaws is the latest grocer to commit to home delivery. Starting in December, the... Read More

QuickList: October inflation rate for selected Canadian cities

QuickList: October inflation rate for selected Canadian cities
OTTAWA — Canada’s national annual inflation rate was 1.4 per cent in October, Statistics Canada says. The agency also released rates for major cities, but cautioned that figures may have fluctuated widely because they are based on small statistical samples (previous month in brackets): _ St. John’s, N.L.: 0.8 per cent (1.5) _ Charlottetown-Summerside: 1.1 (2.3) _ Halifax: 0.8 (1.2) _ Saint... Read More

U.S. payroll firm challenges Statistics Canada with alternative employment data

U.S. payroll firm challenges Statistics Canada with alternative employment data
TORONTO — An inaugural private-sector Canadian jobs report calculates that the economy actually shed jobs last month, contrary to the sizable gain reported by Statistics Canada. The Canada National Employment Report from ADP — a U.S.-based payroll processor known for releasing jobs data ahead of the American government — estimates that 5,700 payroll jobs were lost in October. That’s a big difference from the 35,300 jobs that Statistics Canada suggests were... Read More