small business blogs australia

Electricity bills may continue to shock you even as overall inflation eases. Here’s why.

While price hikes for gas, furniture, electronics and clothes are slowing down after a long stretch of sharp gains, one costly item isn’t expected to get cheaper anytime soon: electricity.

Economists say consumers should expect their electric bills to continue rising at a fast pace as liquefied natural gas, a key fuel for generating electricity, remains in short supply in the US and companies’ operating costs rise. Average US electricity prices could rise at a 10% clip again this year and possibly next, predicts Mark Wolfe, director of the National Energy Assistance Directors Association, even though economists have forecast overall

Canadian economy steady in April as real GDP remains unchanged – Business News

Economy holds steady

The Canadian Press – | Stories: 434570

Statistics Canada says the Canadian economy remained essentially unchanged in April, following a slight uptick in March.

The federal agency’s advance estimate suggests real gross domestic product grew 0.4 per cent in May, led by the manufacturing and wholesale trade sectors.

The April figure came in lower than expected by Statistics Canada as services-producing industries were unchanged while goods-producing industries edged up 0.1 per cent.

The Canadian economy is largely expected to stall in the latter half of this year

Dollarama 21 per cent sees an increase in sales year-over-year

MONTREAL –

Dollarama Inc. enjoyed a 21 per cent year-over-year jump in sales in its latest quarter as the discount retailer scooped up consumers seeking cheaper products amid high inflation.

In the quarter ended April 30, the company said strong demand was held up across the board, from consumables to seasonal items and general merchandise, resulting in a profit boost of 23 per cent from a year earlier.

For same-store sales, the number of transactions grew nearly 16 per cent while purchase sizes also nudged up.

“We had a good Easter,” said chief executive Neil Rossy. “But there’s a slight

Calgary apartment tower sale bet on tight Canadian housing market

Seeking to sell a 462-unit rental building

Article content

Hines, a real estate company with nearly US$96 billion in assets under management, is pitching international investors on a Canadian apartment building deal as a way to bet on the country’s

BC small businesses chafe at ‘unsustainable’ minimum wage hike – Business News

A 6.9 per cent minimum wage hike mandated by the BC government is “unsustainable” for some businesses, when stacked on all other costs downloaded onto businesses, I am a number of business groups.

As of June 1, the BC government is raising the minimum wage from $15.65 to $16.75 per hour, the province announced Wednesday.

“Having a minimum wage that keeps up with inflation is a key step to prevent the lowest paid workers from falling behind,” BC Labor Minister Harry Bains said in a statement. “These workers and their families feel the impact of high costs

Scroll to top