Sims committed to taking WestJet to new heights

President and CEO Ed Sims lays out an expansive and optimistic future for the Calgary-based airline

Sims committed to taking WestJet to new heightsEd Sims is president and CEO of WestJet. Calgary’s Business: What’s your vision for WestJet in the near-term and long-term? Sims: My mandate from the outset has been to return WestJet to previous levels of profitability and build trust and confidence among our 13,000 WestJet employees. Our people are our ‘secret sauce’ and we are…

Canadian Tire net income declines

But second-quarter revenue rose by 3.2% to $3.48 billion and retail sales were up by 3.6% to $4.25 billion

Canadian Tire net income declinesNet income for Canadian Tire Corp. fell by 19.6 in the second quarter compared with a year ago. In announcing its financial results on Thursday, the company said net income for the quarter, ended June 30, was $174.4 million. It also reported that revenue rose by 3.2 per cent to $3.48 billion and that retail…

Tim Hortons rolling up the rim to win over China

The decision to export the Canadian corporate icon is a very aggressive global extension strategy that could pay off

Tim Hortons rolling up the rim to win over ChinaTim Hortons is going where the growth is: China. The Canadian institution announced it will expand its portfolio of 4,700 restaurants by signing a joint venture partnership with a Chinese-based equity firm. Tim Hortons has locations in the United States, the Arab Emirates, the Philippines and the United Kingdom. And it intends to open 1,500…

Soup’s on: major upheaval awaits the food industry

Kraft Heinz may not get its hands on Campbell Soup, but the industry still faces major consolidation and widespread change

Soup’s on: major upheaval awaits the food industryCampbell Soup Co. stocks soared after news suggesting the company could be bought by Kraft Heinz Co., one of 3G Capital and Warren Buffett’s pet projects in the food sector. Even though the deal is highly unlikely, the rumours point to a much larger story in food processing. Since 2013, the acquire-and-cut modus operandi has…

Political turmoil in Italy spreads to global financial markets

As Europeans begin to head south for the summer, the market seems to be following them

Political turmoil in Italy spreads to global financial marketsBy Kenneth Kaczkowski and Isaac Maresky Troy Media exclusive The political trouble brewing in Italy has spilled over to global markets. The consequences are serious. As Italy’s newly-elected prime minister failed to form a government, Italian short-term bond yields had their biggest spike in 26 years. And the turmoil in Italian bond markets spread into…

B.C. closing doors to investment

Government policies mean the province is gaining an international reputation as a place where major projects can’t get done

B.C. closing doors to investmentBy Charles Lammam and Hugh MacIntyre The Fraser Institute More British Columbians think the province is on the wrong track than the right one, according to a new Angus Reid poll. And there’s good reason to be concerned about B.C.’s policy direction. Since assuming office last year, Premier John Horgan’s government has done little to…

Like water flowing down hill, investment flows to areas of lower tax

Canada is losing the business tug of war with the United States, and it's not just about higher tax rates

Like water flowing down hill, investment flows to areas of lower tax“I want to pay more,” said no one ever. So says a sign at a discount grocery store and few would argue. Grocery stores have to be competitive to survive and prices are a big factor. Whether we like it or not, countries and provinces also have to be competitive to attract investment and jobs.…

CPP expansion will shrink available investment capital in Canada

CPP expansion could result in a reduction in domestic investment up to $114 billion from 2019 to 2030

CPP expansion will shrink available investment capital in CanadaBy Charles Lammam and Taylor Jackson The Fraser Institute Canada has a growing investment problem. Business investment (excluding residential structures like houses and condos) has dropped nearly 20 per cent since 2014. The level of business investment (as a share of the economy) in Canada is now second lowest among 17 advanced countries. Meanwhile, foreign…

Lofty valuations, volatile markets leave investors anxious

It seems as if investors have forgotten how to gauge market uncertainty. Any potential bad news has them panicking

Lofty valuations, volatile markets leave investors anxiousBy Kenneth Kaczkowski and Isaac Maresky Troy Media exclusive The start of 2018 has seen markets flashing red, with investors questioning the stability of the market. February’s meltdown led to a significant market correction of over 10 per cent. Volatility has become just one of several fears, with the recent technology selloff and fears of…

Investing with your conscience – and with common sense

Ethical investing is a bit broader than donating, since the benefits extend beyond supporting a cause to also expecting a financial return

Investing with your conscience – and with common senseMany financial new-age thinkers encourage people to invest ‘ethically,’ based on the notion that your money should be invested in things that do good – for your community, your country or humanity more broadly – instead of just creating financial returns. We’ve been programmed to consider return and risk as the primary (if not only)…