Ikea Canada reported on Tuesday retail sales of $2.17 billion in Canada for the financial year ending August 31, up 5.9 percent from the previous year. Marking its 40th anniversary in Canada in Fiscal Year 2017, the furniture retailer has seen retail sales increase by 33.5 percent over the last three years largely due to a greater store count and better online presence. […]
MONTREAL — The Conference Board of Canada says U.S. softwood lumber duties will cut $700 million from Canadian exports over two years and result in the reduction of 2,200 jobs. The board released a report Wednesday that says curtailed exports should lower the industry’s pre-tax profit to $1.1 billion in 2018, down from $1.8 billion […]
The experts promised us a “barnburner” of a first quarter for Canada’s economy, and the economy delivered. Canada’s GDP grew at a 3.7-per-cent pace in the first three months of 2017, more than tripling the U.S.’s 1.2-per-cent pace, StatsCan reported on Wednesday. “Wasn’t it America that was supposed to be made great again? And yet […]
Some of Ontario’s business leaders were suffering from sticker shock on Tuesday, following the provincial government’s announcement it will raise the minimum wage to $15 per hour by 2019. Groups representing businesses across the province wasted no time attacking Premier Kathleen Wynne’s newly announced plan. The move “betrays the trust of Ontario businesses,” lobby group […]