The 10 most common occupations in Canada last year, according to 2016 census

The 10 most common occupations in Canada last year, according to 2016 census
OTTAWA — The top 10 occupations in Canada last year for men and women, according to the 2016 census: WOMEN 1. Retail salespersons 2. Registered nurses and registered psychiatric nurses 3. Cashiers 4. Elementary school and kindergarten teachers 5. Administrative assistants 6. Food counter attendants, kitchen helpers and related support occupations 7. Administrative officers 8. Nurse aides, orderlies and patient... Read More

B.C. Real Estate Association predicts further dip in home sales in 2018

B.C. Real Estate Association predicts further dip in home sales in 2018
VANCOUVER — The British Columbia Real Estate Association predicts continued cooling of the provincial housing market in 2018, but it cautions would-be home buyers that prices likely won’t soften. The association has released its 2017 Fourth Quarter Housing Forecast showing an expected 8.8 per cent decrease in residential sales across the province this year and a further 10.4 per cent decline next year.... Read More

Finance minister Morneau rejects Tory insinuation, threatens legal action

Finance minister Morneau rejects Tory insinuation, threatens legal action
OTTAWA — Finance Minister Bill Morneau is threatening to take the Conservatives to court after the official Opposition peppered him with questions about a stock sale that occurred before he introduced pension legislation in the House of Commons. Morneau calls the insinuations by Tory finance critic Pierre Poilievre “absurd” and says they have “no basis in any sort of fact.” Poilievre says a... Read More

Grocers seek to restock the industry with innovation

Grocers seek to restock the industry with innovation
Recent Canadian grocery sector layoffs are about redefining business models more than trimming costs By Sylvain Charlebois Senior Fellow Atlantic Institute for Market Studies Downsizing is never easy. And just weeks before the festive season, reducing staff is bad for morale. But industry changes are forcing Canada’s grocers to rethink store structures, including staffing. Metro let 250 people go recently.... Read More

End of NAFTA would trim 0.55 per cent off Canada’s economy, report finds

End of NAFTA would trim 0.55 per cent off Canada’s economy, report finds
OTTAWA — A new report concludes the end of the North American Free Trade Agreement would trim just over half a percentage point from Canada’s economy. It finds that the end of NAFTA would shave 0.55 per cent off Canada’s GDP, push 25,000-50,000 Canadians from the workforce, and reduce exports by 2.8 per cent. The report comes from Dan Ciuriak,... Read More

Five things to watch for in the Canadian business world in the coming week

Five things to watch for in the Canadian business world in the coming week
TORONTO — Five things to watch for in the Canadian business world in the coming week: Four out of the Big Five reporting Fourth-quarter and year-end earnings will be published next week for CIBC, Royal Bank, TD Bank and Scotia Bank. Bank shares have enjoyed a nice run as of late, but new regulations regarding accounting practices and stress tests for... Read More

Sobeys to cut 800 office jobs as part of reorganization of grocery business

Sobeys to cut 800 office jobs as part of reorganization of grocery business
TORONTO — The Sobeys grocery business will be cutting about 800 office jobs across Canada as part of efforts to create one efficient national organization out of five regional operations, the company announced Friday. “The future success of Sobeys, and our continued service to over 900 communities across the country, depends on our steadfast commitment to transform our business,” said... Read More

Toronto, U.S. stock markets up in broad advance, loonie moves higher

Toronto, U.S. stock markets up in broad advance, loonie moves higher
TORONTO — The major stock indexes are up moderately this morning. with most of Toronto’s subsectors showing gains. The Toronto Stock Exchange’s S&P/TSX composite index was up 30.84 points to 16,105.14, after 90 minutes of trading. In New York, the Dow Jones industrial average was up 52.94 points to 23,579.12. The S&P 500 index was up 5.54 points to 2,602.62 and the Nasdaq composite index was up 14.02 points to 6,881.38. The Canadian dollar... Read More

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