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  • 07 Apr 2019 13:28 | Paul Mann (Administrator)

    The chief executive officer of Toronto-Dominion Bank is dismissing the bear case against Canada's big banks.

    In an interview with BNN Bloomberg, Bharat Masrani brushed off fears this country's lenders could be dragged down by a looming wave of losses in their loan books.

    "We are not sensing it. You know, this credit environment has been extraordinarily benign," he told Amanda Lang. "Having been in the risk business many years ago, I'll say it is remarkable."

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  • 14 Oct 2018 11:28 | Paul Mann (Administrator)

    Canada is applying quotas and a 25 per cent tariff on steel imports from China and other countries to avoid becoming a dumping ground for steel in the face of metal levies imposed by U.S. President Donald Trump.

    Canada will erect new barriers to any flood of shipments of seven types of foreign steel, and will issue refunds and exemptions to some Canadian firms on tariffs paid on imports from the U.S.

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  • 14 Oct 2018 11:25 | Paul Mann (Administrator)

    Dealing with residents who smoke or grow cannabis is nothing new for most landlords and condominium corporations. But as the clock ticks down to recreational cannabis legalization on Oct. 17, many are still left scrambling to clear up some unanswered questions that the new legislation brings.    

    “While legalization of cannabis is new, we have been dealing with cannabis growing and smoking for what seems like forever,” Rachelle Berube, a long-time property manager in the Toronto area, and president of Landlord Rescue Inc., told BNN Bloomberg in an email.


  • 05 Dec 2017 13:01 | Nishan Singh

    Faced with rising minimum wage costs, many small-business owners across Ontario are crunching numbers and making the difficult decision to raise their prices.

    The provincial Liberal government is increasing the minimum wage to $14 an hour as of Jan. 1 and then to $15 by Jan. 1, 2019 – an increase of about 23 per cent and 32 per cent, respectively, from just over two months ago. The rate increased to $11.60 from $11.40 in October. 

    "It is meaningful, the way it affects us," says Andrew Violi, president of Mellow Walk Footwear, a Toronto-based manufacturer of footwear sold to retailers such as Mark's and Mister Safety Shoes.


  • 27 Nov 2017 11:00 | Nishan Singh

    With companies up in arms over a looming hike to Ontario's minimum wage and an election barely six months away, the Wynne government is offering small businesses a tax cut and new incentives to hire and retain young workers.

    Ontario will cut its corporate tax rate on the first $500,000 of profits to 3.5 per cent effective Jan. 1, down from the current level of 4.5 per cent, Finance Minister Charles Sousa announced Tuesday.  

    Small businesses with fewer than 100 employees will get an incentive of $1,000 to hire a young person aged 15 to 29 and another $1,000 if the company retains that worker for six months.

    Sousa made the pledges in his fall economic statement. The statement is typically a mid-year tweak to the budget, but this edition takes on extra significance with election day set for June 7 and the Ontario Liberals trailing in the polls after 14 straight years in power.


  • 26 Nov 2017 09:30 | Nishan Singh

    Chatbots are the future of digital engagement between businesses and their customers — and the future is here. The term still sounds a little out there, but it will soon be as familiar as “social media,” “digital marketing,” “smartphones” and…texting.

    A chatbot is a form of digital communication through a texting interface. Through chatbots, businesses can communicate with their customers in a number of ways. Insurance companies are able to offer coverage quotes. Food delivery services and restaurants might take orders or make reservations. Weather services can offer localized forecasts. Healthcare providers can schedule appointments. And any type of business can explain their services, location and business hours.

    And that’s only the start. There are some corporations that are even offering basic communications between employees and human resource departments via chatbots. The business community is already learning that there are virtually unlimited options for this technology as it continues to advance.


  • 15 Nov 2017 11:46 | Nishan Singh

    Industry 4.0 might sound like a SimCity-style tycoon game, but it's really the biggest shift to hit global manufacturing since automation. Centered around advanced robotics and automation, new ways of human-machine interaction and vast troves of data and boosted connectivity, Industry 4.0 is poised to modernize manufacturing and boost western industrial competitiveness.

    Coupled with the emerging internet of things (IoT), Industry 4.0 offers manufacturers the ability to collect, analyze, and act on immense stockpiles of data like never before, and then set those actions in motion with highly efficient, automated robotics. The result? A higher quality product at a lower operating expense.

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  • 15 Nov 2017 11:44 | Nishan Singh

    Machine learning is one of the year's buzzworthy technologies, with several applications of it showing tremendous potential to change nearly every industry. Most consumers will encounter this technology through chatbots. Chatbots are proving to be fun, digital toys for the programmers, but they're also a boon to businesses using them to supplement human customer service and increase sales.

    A chatbot is basically an artificially intelligent system that you interact with via text. Online businesses have been using these for various customer service functions for quite some time. It's common now to see a chat button on the bottom corner of a website that opens a chat window to a chatbot.

    These are typically rules-based programs that respond to certain words and phrases with a preprogramed reaction or message. They have a specified and simple structure, much like a phone tree, and for customer service purposes, will usually hand users off to a human representative after it gathers some basic information.

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  • 01 Nov 2017 11:50 | Nishan Singh

    Holiday retail sales are expected to hover around $680 billion this year, according to the National Retail Federation. Given these high stakes, businesses are looking to do all they can to not leave any money on the table.

    There is no one-size-fits-all approach to preparing a retail operation, whether it's ecommerce or bricks-and-mortar, for an influx of business during the holiday season. But small business experts and experienced owners agree that a blend of time-tested, common-sense steps and innovative approaches can help small businesses take on the holiday sales rush.

    Here are nine key steps to get your business ready for the holiday season.

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  • 18 Oct 2017 11:49 | Nishan Singh

    What's in a logo? Does imagery impact a brand so significantly that it can affect revenue? In a recent study, C+R Research examined some major brands and how their logos have changed in relation to their revenue over time. The results shed some light on corporate logo design and the benefits and risks  rebranding poses to business.

    C+R's study includes some of the most common household names, including Starbucks, Apple, Amazon, and Levi's. Some of these companies changed their logos often; some seldom. A few made drastic redesigns, while others didn't.

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