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  • 23 Nov 2016 12:18 | Manjot Cheema (Administrator)

    How can advisors keep investors calm – and keep them as clients? Here are some ideas.

    In every client relationship, there will be good days and bad. In a time of shaky markets, however, clients may start to get restless. It could be a portfolio not working out or a market downturn, but something makes the investor think twice about their advisor.

    “In any relationship, there comes a time when we encounter a pinch,” says Norm Trainor, president and CEO of the Covenant Group, which provides coaching to financial advisors on how to grow their business. “Maybe the market craters. I don’t care how good a client you have, they will feel dissatisfied.”Read More

  • 21 Nov 2016 12:32 | Deepinder Loomba (Administrator)

    OTTAWA - Statistics Canada says the value of wholesale sales fell 1.2 per cent in September to $56.0 billion.

    Economists had expected a gain of 0.4 per cent from the previous month, according to Thomson Reuters.

    The drop follows increases in four of the previous five months.

    Read More
  • 17 Nov 2016 11:11 | Deepinder Loomba (Administrator)

    TORONTO -- TD Bank (TD.TO 0.53%) has quietly increased its fixed mortgage rates ahead of a similar move by Royal Bank of Canada (RY.TO 0.64%) to take effect Thursday, the latest sign that Canada's big banks are hiking the costs of borrowing for homeowners.

    Cheryl Ficker, a spokeswoman for TD, said Wednesday that the lender raised its special rate offer for a four-year fixed mortgage by five basis points to 2.44 per cent and for a five-year fixed mortgage by 10 basis points to 2.69 per cent. The changes kicked in Tuesday and affect all amortization periods, Ficker said. Read More

  • 14 Nov 2016 11:39 | Deepinder Loomba (Administrator)

    Less than a week after Donald Trump’s surprise Presidential victory, Prime Minister Justin Trudeau today will host a group of the world’s leading investors to raise awareness around investing opportunities in Canada.

    BNN has learned details of the Canadian government’s plan to oversee an investor summit in Toronto on Monday. The event will include BlackRock, the world’s largest money manager, and its clients -- including public pension funds, sovereign wealth funds, central banks and insurance companies, representing more than $21 trillion in assets.Read More

  • 10 Nov 2016 11:59 | Deepinder Loomba (Administrator)

    TORONTO -- While stock markets have been surprisingly resilient following the victory of U.S. president-elect Donald Trump, investors are still anxiously wondering what to expect with their portfolios in the weeks and months to come. Here are five considerations investors should take into account as they ponder how to react to Trump's historic win.

    Don't act rashly: "You shouldn't have a knee-jerk reaction to anything when it comes to investments," says Jason Heath, a fee-only financial planner with Objective Financial Partners in Toronto. While stock markets have remained relatively stable in the wake of Trump's victory, Heath says investors who sold their stocks following the sharp market declines after the Brexit panic in June

    Read More
  • 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 admin@sboapa.org
     

  • 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

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