3 Aug 2012

Small businesses in Canada receiving local support

Canadians are supporting local small businesses and believe they are one of the main drivers of their nation's economy, according to recent research from the Royal Bank of Canada.Small businesses in Canada should work to take advantage of the support they are receiving. The survey found 61 percent of respondents said they would pay more for a product or service to help a small business in their community. One way Toronto residents can support local firms is by seeking out Toronto self storage for when they need more room to store their belongings."This type of consumer insight can help small businesses find the success they're seeking," said Mike Michell, national director of Small Business for RBC. "For example, small businesses should capitalize on local support by becoming more active in their community, highlighting their local roots and asking their best customers to promote them."Businesses that are receiving support from local Canadians should ask for their customers to tell their friends…

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1 Aug 2012

According to recent research conducted by the Canadian Federation of Independent Business, optimism among small and medium-sized businesses dropped again in July, with their Business Barometer falling more than a point to 60.9.The Business Barometer index in Ontario is slightly lower than than the national number, coming in at 60.1 in July. The decrease in SMB optimism could result in businesses looking for lower Toronto storage prices to keep their extra materials and supplies safe for cheap.Small business optimism has been trending up in recent years, and this lack of of confidence is a cause for concern, said Ted Mallett, chief economist and vice president for the CFIB. "The index's current position against GDP puts it very close to the…

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25 Jul 2012

Condominiums are becoming a more popular housing option in Canada, according to recent research from the Royal Bank of Canada, and the increased interest in condos in Toronto does not necessarily mean prices for the housing option will keep growing.The booming condo market in Toronto can mean many things, one of which, is that people will be soon moving to condos in the city. With more couples, individuals and families moving, there will be an increased need for portable storage containers in Toronto.Although the condo market is strong, economist Robert Hogue noted in the report that the market will begin to cool because the prices for single family homes are beginning to fall, with fewer condos being built in the…

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24 Jul 2012

The Globe and Mail recently answered a question from a small business owner in Toronto who was wondering if it makes sense to bring in a recruiter.With concerns about her budget, the small business owner was unaware of a recruiter was worth the investment. Much like cheap storage in Toronto, recruiters free up a lot of time for small business owners who are faced with a number of different tasks on a daily basis.According to the news source, many small business owners simply don't have time to screen all the candidates, evaluate their resumes, schedule interviews and check references; this is why bringing in a recruiter is a good idea because they are professionals in completing those tasks.The best practice…

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17 Jul 2012

Canadian small business owners are calling for more stringent regulations on the credit and debit card industry, hoping the Canadian government will change the way businesses are forced to handle these forms of payment.The Canadian Federation of Independent Business, which is comprised of more than 100,000 business owners, says that new rules need to be put into place governing how retailers pay the major card companies, according to The Canadian Press. All businesses that accept credit cards pay fees to the companies that make the cards in order to process the payments. However, the card companies charge different fees depending on the exact type of card that's used – credit cards cost more than debit due to the risk that…

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13 Jul 2012

As the global economy continues to decline, investors are more reluctant to dish out the cash many entrepreneurs and aspiring business owners need. Nowadays large financial institution’s and venture capitalists are increasing their lending requirements. Successful Toronto entrepreneur lowers operating cost & risk with low rent. Banks need to know several key things before they will part with their cash, says Mike Michell, RBC’s national director for small business. “Help us understand why you’re so excited for the business, what specific use the money is going to, what your revenue projections are, and who is behind the business,” he says. In these uncertain times, nobody is willing to accommodate more risk. The best solution to lowering…

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12 Jul 2012

Confidence among Canadian small business owners continued to fall in the month of June, as the Canadian Federation of Independent Business (CFIB) Business Barometer Index dropped to 62.1 from 64.8 the month before.The index is compiled based on answers to survey questions sent to small business owners across the country. The questions cover a variety of topics, including customer demand, expenses, getting financing and more."Insufficient customer demand was the most commonly cited constraint on business performance, although concerns about customer demand have gradually trended downward in 2012," said Ted Mallett, CFIB's chief economist and vice-president. "Meanwhile, concerns over shortages of working capital have increased slightly through the year, and about one business in four appears to have significant difficulties in…

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27 Jun 2012

A new report indicates small business owners may be paying too much in property taxes in British Columbia. The Canadian Federation of Independent Businesses (CFIB) says small business owners in B.C. pay approximately 2.78 times as much in tax for a property of the same value as a homeowner.According to the CFIB, property tax for business owners increased for two decades before local leaders did anything about it. Property taxes for B.C. businesses have decreased for three straight years, but only by small margins. Although the CFIB acknowledges property taxes have not increased, the group says more needs to be done to help businesses and offset the years of increases.According to the group, 69 percent of business leaders polled say…

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24 Jun 2012

Marketing rep works from Jiffy instead of plugging up apartmentJiffy Self-Storage, Toronto’s leading self-storage service provider is proud to announce a new and unique product for Toronto area businesses. We have converted our storage units into fully functioning Workspaces. What is a Workspace? Well it is simply what the name implies. A multi functional unit, equipped with lighting, heating, air conditioning, power outlets, and internet access for you to comfortably do your work.  These units were designed with saving costs in mind. We understand that some people do not need or want lavish décor or fancy trimmings, just a practical area where you can come in and do your work. Our Workspaces are versatile enough to…

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23 May 2012

Ontario legislators are planning to strengthen existing nursing home laws to prevent abuse of seniors following the findings of a task force who say the government isn't doing enough to help.The Toronto Star recently uncovered abuse at a number of senior care facilities in the area, prompting an investigation into the territory's laws regarding senior abuse. While the existing laws are strong, the task force convened in the wake of the scandal found numerous areas where they can be strengthened.The task force reportedly made 18 recommendations to the legislature, many of which are related to inefficiencies in the system. Eliminating needless paperwork can allow senior care staff to spend more time with patients, which should lead to managers and others…

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1 May 2012

A recent report by an electricity market watchdog group in Ontario alleges that big businesses are paying much less for the electricity they use than households and other residents, according to the Toronto Star.Electric companies charge a fee called the "global adjustment," or GA. Essentially, this is paying for electricity that isn't traded on the open market.In the past, the GA fee was determined by electricity usage. If you used one percent of Ontario's electricity, you paid one percent of the GA. However, a program introduced last year called "High Five" allows select companies that use a large amount of power to reduce their GA fee if they cut power usage during the five peak times of the year. Unfortunately,…

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27 Mar 2012

A new report by the Canadian Imperial Bank of Commerce find that Canada's corporate business sector is very healthy, claiming the country's corporations are at the strongest in nearly 25 years.The report says that Corporate Canada is "fit as a fiddle," which bodes well for the country's economy. The Globe and Mail reports that the CIBC's index is made up of various financial metrics, such as debt-to-equity ratios, profit margins and returns on capital.The report's findings are in line with other good news from Canada's business sector. A recent Forbes article named Canada the Best Country for Business in the world, citing its strong economy, high quality of living and generous taxation structure. The analytic firm KPMG also recently released…

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19 Mar 2012

Jiffy Self Storage is giving away an iPad 3 and other cool technological gadgets through its new Famous Landmark contest.The contest is amazingly simple to enter. Simply go to Jiffy's official site and watch a quick video showing some famous landmarks from around Toronto. On the next page, each entrant will be asked to match up audio cues from the video with the landmark in question. Qualifying entries will be entered to win an iPad 3 and a Dell Laptop.It's worth entering right away, as there's a bonus Early Bird Prize available for those who complete their entries as soon as possible. These contestants will be entered to win a Kindle Fire tablet computer.Contestants can also earn bonus entries by…

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5 Dec 2011

People contributing to their food storage pantries may increase in the coming months if the predictions of the Canadian Dairy Commission bear out.According to the CDC, as of February 1, the price of milk used for dairy products like yogurt and cheese will rise by 1.5 percent. This may pose a problem for consumers and restaurateurs whose expenses may already be tight.Garth Whyte, president and CEO of the Canadian Restaurant and Foodservices Association, said the cost of food such as milk has been a severe impingement on the average Canadian consumer and businessowner."In these economic times, Canadians are increasingly looking for value-priced menu options," said Whyte. "If we want to grow the dairy market in this country, we need more…

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4 Oct 2011

When asked to grade their businesses' economic performance in 2011, a majority of those polled gave themselves a B, a new survey finds.According to the 2011 TD Canada Trust Small Business Survey, 44 percent of business owners gave their company a B average. Twenty-two percent gave themselves a C, 11 percent a D and 5 percent an A.Alec Morley, senior vice president of small business banking, was encouraged that so many entrepreneurs considered their year to be a productive one."Sixty-five percent of Canadian small business owners gave their company's recent performance a B or above, so it's evident that many entrepreneurs are experiencing success despite the barriers in their way and this is due, in part, to good business planning,…

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3 Jun 2011

After a recent report from Statistics Canada showed that the country’s economy is growing – its gross domestic product increased 4 percent last quarter – a new study is showing that Canadian businesses have also been expanding. Furthermore, many of them are based in Toronto. According to Profit Magazine’s 23rd annual Profit 200, which ranks Canada’s fastest growing companies, three of the top five companies are Toronto-based. The most staggering rate of expansion comes from a firm called Mood Media, a messaging and signage company, as sales for the business have increased a whopping 72,384 percent over a five-year period. Other thriving Toronto-based establishments include the mortgage broker network Pacific Mortgage, and software development company Varicent Software. Overall, the survey…

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13 May 2011

A new magazine is hitting news stands in the GTA, and best of all, it’s free. According to the Star Media Group, the publishing company is launching The Grid magazine, a periodical that’s devoted to the all the city’s happenings and written with twenty and thirtysomethings in mind. “The Grid is a mash-up – visually and editorially – of a newspaper a magazine and a coffee-table book,” said Laas Turnbull publisher and editor-in-chief. The publishing company said every issue will feature regular contributors, all of whom will focus on their own individual beat, such as politics, social issues, beer, restaurants, style, fashion, parenting, visual arts, real estate and music. Food connoisseurs may be especially inclined to purchase the inaugural issue,…

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11 May 2011

A new report on the health of the self-storage market in Canada mimics that of the nation’s economy: the industry is strong, stable and looks to improve in 2011. According to Foy and Co. Investment Real Estate Services and its National Self Storage Review, many markets in 2010 reported improvements in occupancy, with several companies expanding their services in order to meet demand. Toronto was no exception. The firm found that while occupancy declined somewhat in July 2010, several GTA companies are making up for what was lost, as companies say business has picked up and occupancy rates have grown. While the storage business in Toronto in 2010 was solid overall, Foy and Company said the city with the highest…

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3 May 2011

For people who have been keeping their broken down cars in storage units for any number of reasons, now may be the ideal time to get it fixed. That’s because according to Warren Industries, an automotive supplier based in Concord, Ontario, it plans on hiring 66 more people, bringing their total employment to 200 and making parts more available. Sandra Pupatello, minister of economic development and trade, said the move will serve Ontarians, and the province’s economy, well. “This investment transfers work to Ontario from overseas and will provide good jobs and tremendous benefits for our province’s automotive supply chain,” said Pupatello. While Ontario’s economy was adversely impacted by the global recession, it fared well compared to other provinces. According…

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