Canada's economy showed no growth for the second consecutive month in August, signaling a slowdown in the third quarter following a rebound in the second quarter. The flat performance was largely attributed to a 1.4 percent decline in wholesale trade.
Many Canadians who built retirement portfolios around major banks are now finding that financial stocks make up a larger portion of their registered retirement income funds than initially intended. While banks have historically offered dependable dividends and strong balance sheets, their overrepresentation in portfolios may pose risks.
Rising fuel costs are impacting Canada's largest airlines, with price volatility persisting due to the U.S. conflict with Iran. Airlines like WestJet Group are facing higher jet fuel prices, which add to costs without corresponding increases in ticket sales.
AltaGas Ltd., a Calgary-based pipeliner, reported record third-quarter earnings driven by liquefied petroleum gas exports to Asia. However, a strike at a neighboring terminal in Prince Rupert, B.C., and a recent labor board ruling are expected to slow shipments through the company's key export gateway.
Employment law issues often arise when key employees resign, highlighting the importance of clear contracts. Businesses frequently realize too late that their most valuable employees can become their most costly departures, with inadequate contracts failing to protect the company when needed most.