RBC Canadian Consumer Outlook Results

The Royal Bank of Canada polls Canadian consumers regularly. Today, the results for the most recent poll were released. We’ve heard a lot in the news that the economy is getting better, but there’s been debate over whether it actually… Read more »

EI and Bankruptcy Filings Dramatically Increasing

The number of Canadians filing for bankruptcy and unemployment benefits rose significantly in January, according to new numbers released Tuesday by The Office of the Superintendent of Bankruptcy Canada. More than 117,000 Canadians filed for bankruptcy over the period of… Read more »

SR&ED – Essential To Canadian Manufacturers

The current economic recession has proven to hit even harder than many economists anticipated. An estimated 129,000 Canadians lost their jobs in January alone, of which Statistics Canada reports that Ontario workers lost a staggering 71,000. Alberta, once a thriving,… Read more »

Canada Barely Avoids Recession

Canada narrowly avoided a recession in the first half of this year as the economy (GDP, or Gross Domestic Product) edged up by a weaker-than-expected rate of 0.3 per cent in the second quarter, following a revised 0.8 per cent… Read more »

Cutting costs without sacrificing the future

In times of recession, many companies cut down on costs.  But unless you’re facing bankruptcy, cutting costs may come at the cost of sacrificing future sales.  For instance, to make the bottom line look better, you could always downsize R&D efforts. … Read more »