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  • 08 Nov 2016 12:19 | Manjot Cheema (Administrator)

    HALIFAX - Structural weaknesses are weighing heavily on the recovery of Canada's export sector but there is good reason to believe exports should strengthen as the U.S. and global economies gain momentum, a key Bank of Canada official said on Tuesday.

    In a speech highlighting how the central bank overestimated Canada's export recovery, Deputy Governor Lawrence Schembri said the structural export capacity and competitiveness challenges have been more persistent and pronounced than the bank expected.Schembri said Canadian exports did well following the global financial crisis, when commodity prices recovered, but that performance masked the effects of slowing global trade as well as losses in export capacity and market share.Read More

  • 03 Nov 2016 15:18 | Manjot Cheema (Administrator)

    SBPA is proud to announce that it will offer its members/member companies training software for training their staff.

    Costs are as under:

    For training your staff (Internal use)
    Setup cost-$200+Tax
    Annual cost-$120+Tax

    For selling your courses (For Public)

    Setup cost-$350+Tax
    Annual cost-$250+Tax

    For more info email at

  • 01 Nov 2016 11:56 | Deepinder Loomba (Administrator)

    Pipeline proponents have just been dealt another deadly, explosive setback.

    Colonial Pipeline Co. was forced to shut down its main gasoline artery to the east coast of the United States late Monday after a maintenance crew in Alabama accidentally hit the line with a trackhoe, creating a spark that set off a massive explosion. One worker died at the scene and five more were taken to Birmingham-area hospitals with severe burns.The short-term economic implications of the incident are no doubt dramatic: the line is responsible for suppling one third of the 3.2 million barrels of gasoline consumed daily on the U.S. east coast and prices at the pump are already starting to spike as a result, not to even mention the double-digit per cent growth of gasoline futures prices. Read More

  • 28 Oct 2016 11:52 | Deepinder Loomba (Administrator)

    TORONTO - Canada is not considering further action to rein in the housing market at this time, the country's finance minister said on Friday, even as he underscored that he will remain focused on ensuring that lenders behave prudently.

    Earlier this month, the government tightened mortgage rules and closed a loophole on home sales, the second time it has acted in the last year to cool a market that some fear has become too hot.

    "We will continue to be vigilant in monitoring the market," Finance Minister Bill Morneau told reporters following a speech. "We have no further action under consideration in terms of housing."Read More

  • 24 Oct 2016 11:56 | Manjot Cheema (Administrator)

    Canada is in a very good fiscal situation and should not be worried about running up deficits at this point, Bank of Canada Governor Stephen Poloz said in a television interview aired on Sunday.

    The comments support Prime Minister Justin Trudeau and his year-old Liberal government, which is set to run a deficit of $29.4 billion in the current fiscal year as it pours money into infrastructure and a tax credit for families.

    Pressed in an interview with Global television on whether there is a danger to running budget deficits, Poloz said Canada is a long way from that point.

    "There is a balance somewhere but I can tell you that I think we're pretty far away from that balance point," Poloz said in an interview with Global’s "The West Block with Tom Clark."Read More

  • 19 Oct 2016 12:40 | Manjot Cheema (Administrator)

    Canada's economy will take a hit from Ottawa's latest measures to cool the real estate market as the number of homes changing hands slows in wake of the new rules, the Bank of Canada said Wednesday.

    The central bank cut its growth forecast for this year and 2017, "due in large part to slower near-term housing resale activity," and also a weaker-than-forecast export activity.Housing has been a pillar of economic strength for Canada, but the new rules are expected to shave 0.3 percentage points off real GDP by the end of 2018. Read More

  • 17 Oct 2016 11:09 | Deepinder Loomba (Administrator)

    Toronto’s rental market is the hottest it has been in years, with bidding wars breaking out and rents soaring, according to a new study that predicts Ottawa’s new stricter mortgage qualification will make the region’s rental market even less affordable.

    The average monthly rent for a condominium in the Greater Toronto Area rose an annualized 9 per cent in the third quarter, to $1,986, Toronto market research firm Urbanation Inc. wrote in a new report released Friday. The study tracks condo units rented through a realtor over the Toronto Real Estate Board’s Multiple Listings Service Read More

  • 14 Oct 2016 11:14 | Manjot Cheema (Administrator)

    Our national nest egg could be getting bigger. The Liberal federal government is expected to introduce legislation within days to expand the Canada Pension Plan.

    British Columbia was the last province to sign on to the expansion plan. Quebec has its own parallel pension plan, but it has agreed to adopt most of the changes.

    The move comes at a time when the Finance Department estimates one-quarter of Canadian families are not saving enough for retirement.It also comes at a time when Canadian workers are increasing losing the security of defined-benefit pension plans, in favour of defined-contribution plans which are far more uncertain.

    Read More
  • 12 Oct 2016 13:04 | Deepinder Loomba (Administrator)

    MONTREAL -- The federal government investing in aerospace giant Bombardier is not a matter of if but how, Innovation Minister Navdeep Bains said Tuesday.

    "We want to be a partner," Bains said after announcing up to $54 million in funds for a Bombardier-led aerospace-research consortium.

    "We want to find a solution and we want to continue to make meaningful investments. We want to be a partner, we are at the table, we want to find a solution. It's not a matter of if but how we want to make the investment."

    Read More
  • 06 Oct 2016 13:26 | Deepinder Loomba (Administrator)

    TORONTO -- British Columbia is on track to lead Canada's other provinces in economic growth in 2016 and 2017, according to a report released Thursday by BMO Financial Group.

    It estimates B.C.'s economy will grow by three per cent this year -- more than twice the national growth of 1.2 per cent.

    But BMO says neighbouring Alberta is in a recession, with its economy expected to shrink by another 2.3 per cent this year -- following a decline of four per cent in 2015.The banking group says the downturn in Alberta's energy sector has spilled into other parts of the economy, and the provincial unemployment rate is above eight per cent for the first time since the early 1990sRead More

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