6 Apr 2012

Canadian executives optimistic about economic gains

A recent survey shows that Canadian executives are optimistic about the state of the economy, both in their own country and the United States.The survey, commissioned by the Royal Bank of Canada (RBC) and the Canadian Institute of Chartered Accountants, found that optimism has improved compared to the fourth quarter of last year. For example, the last edition of the survey saw 40 percent believing the U.S. would slip back into a recession within six months, but now only 22 percent feel that way.Within Canada, most feel neutral about the state of the economy, but those describing their outlook as "positive" rose to 32 percent, up from 20 percent the previous quarter."Governments are looking at businesses to lead a resurgence in economic growth," said Andrea Bolger, head of business financial services for RBC. "So it’s very encouraging to hear that Canadian business leaders are optimistic, and that they’re moving forward with an expectation that their performance will be stronger over…

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5 Apr 2012

The pharmaceutical company Valeant has announced that it will be moving its global headquarters from Toronto to Montreal, thanks to funds from the Quebec government.The Quebec pharmaceutical industry has seen numerous job losses in recent years, so this is a sign of good news for the region. Valeant is building a new research facility north of Montreal that will focus on dermatology projects.The move is being funded in part by $6 million from the Quebec government, with $2.5 million of that total expected to be repaid over time – although the loan is interest free."The Quebec government was quite generous and accommodating," Valeant chief executive officer Michael Pearson told the Globe and Mail. "We plan to keep growing, and the…

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30 Mar 2012

A new Canadian association is championing small business and entrepreneurship across the country, with a massive national tour that hopes to bring together small business owners from all over Canada.Startup Canada is currently touring across the country, putting on presentations and engaging with business owners, reports The Financial Post. The idea is to garner feedback about what startup companies and small businesses are looking for to help them succeed, and to trade tips and ideas among people in similar situations.The six-month tour began in Halifax, Nova Scotia, on March 19th. Attendees discussed ways that small businesses could collaborate together for the betterment of all. The goal is to create an "entrepreneurial culture" that will tie small companies together.One issue that…

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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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23 Mar 2012

A new study by the analytic firm KPMG looks at which cities are most affordable for businesses in Canada.Small cities like Moncton, Fredericton, Halifax and Trois-Rivieres topped the list, all coming in considerably lower than the average city in the United States. In fact, most Canadian cities demonstrated that it's cheaper to do business in Canada.Among the major cities, Quebec City and Montreal placed highest, at sixth- and seventh-cheapest respectively. Other major hotspots included Winninpeg (8th), Toronto (12th), Edmonton (13th), Vancouver (14th) and Calgary (16th).One way to keep costs down is to use small business storage. There are a number of options for affordable self storage in Toronto and other cities when it comes to places for businesses to store…

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8 Mar 2012

A Chicago self storage business is giving back to the community by hosting an event that will combine a blood drive with the city's annual Merchant Day, which is designed to highlight small businesses in the area.The self storage facility will be hosting a blood drive that is expected to draw interest from across the community. The blood drive will be held on Merchant Day, so the facility is also letting its tenants who use the facility for small business storage open up their containers and show their wares to the public."We wanted to include Merchant Day because we have a few tenants that have small businesses and wanted to help them out and also generate new business," said co-owner…

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9 Feb 2012

More people around the U.S. and Canada are opting to start their own small businesses in hopes of making better pay than working for someone else. A large issue with starting a business is figuring out storage solutions for the products or supplies needed to run the shop.According to SelfStorageBlog.com, catering and baking businesses have become all the rage lately with popular shows like Cake Boss and DC Cupcakes having such success. Some amateur bakers might decide to store their supplies at their home, however others are turning to using self storage facilities as a means to keep their items safe and out of the way.The source reports that potential foodies looking to store their items in affordable self storage…

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30 Jan 2012

More businesses are being run online these days, as the cost of retail space continues to go up. With online businesses, owners are able to increase their profits without having to pay for storage, or upping the marketing costs, Off the Grid News reports.According to the source, many companies nowadays are looking into cross-selling – "the practice of promoting complimentary products or services in addition to selling items." Amazon.com is a leader in this field.In order for other businesses to thrive in this department, the source reports it's important for them to remain relevant to what consumers want. They need to make sure all product suggestions are carefully marketed to buyers' interests to avoid clutter or disarray.Cutting costs on retail…

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17 Jan 2012

An emerging trend in the self storage industry involves specialized facilities to appeal to a certain audience. A number of companies offer resources for a wide range of storage options, from small businesses who need more room to expand, to homeowners looking to sell their current houses. Now however, more companies are also starting to offer specific spaces for people to store certain valuables that require more care or amenities.According to Yahoo! News, a Chicago company recently opened its doors for businesses looking for a safe and secure place to store their records. The facility offers vault rooms, document and data destruction-proof spaces and file indexing services, so people can access their records without ever having to leave the office."It…

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5 Jan 2012

The need for more self storage units continues to grow around the globe as population increases and more people are forced to condense into smaller homes, AsianOneBusiness.com reports. In Singapore alone, both small business owners and residents are looking to use portable storage containers as a means to house what they can not contain in their own personal spaces.Entrepreneur Nurhana Jamaludin owns an online business called Mad About Vintage. She used to store her classic pieces in warehouses, though the safety of her items were never guaranteed at such venues. Now, she keeps her valuables in portable storage containers and even uses the spaces as a showroom for interested buyers in the area."It is simply more convenient," Nurhana told the…

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30 Dec 2011

An international trend took off in Toronto this year, which is mouth-watering news for foodies of all types. According to Toronto Life, a group of entrepreneurs helped bring the burgeoning food truck scene to "the 416," and their popularity seems boundless.Getting the trucks up and rolling was no easy task. It took a team of dedicated chefs and business owners to bring everything together. One challenge some food truck owners may face is finding room for excess supplies and cooking gear. Fortunately, Toronto Storage can help any restaurant owner keep their materials in a safe and secure environment, even those who are completely mobile.Renowned chef Suresh Doss initiated the Food Truck Eats events, which really got things going. In July,…

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28 Dec 2011

Business owners in Ontario who are just starting out or need more space than their home office allows can consider workspace storage units at Toronto storage facilities. Self storage centers often offer temporary venture space that are internet-ready.This alternative to renting an office space can be just the ticket, especially since commercial real estate forecasts indicate that finding space may be difficult in 2012. A recent report by Cushman and Wakefield Canada (C and W) indicates that office vacancy rates have been declining rapidly across the nation, and this trend will continue into 2012."With forecasted economic growth for Canada at just under 3 percent in 2012, demand for office space will remain steady, increasing pressure for new property developments," said Pierre…

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7 Dec 2011

Businessowner sentiment among Canadians moved little in the month of November, a new survey indicates.The Canadian Federation of Independent Business says confidence levels remained essentially the same last month rising slightly to 63.7 from October's 63.6 reading.Ted Mallett, vice president and chief economist for CFIB, said that while the Business Barometer index suggests businessowners are more optimistic than pessimistic, it's still low historically."Overhanging concerns about the potential spread of economic weakness out of Europe appear to be still at play," said Mallett. "The Index has recovered 2 of the 6.6 points lost in August when the Euro currency and U.S. fiscal policy crises hit world financial markets, suggesting the Canadian economy is performing at a slower pace, but has not…

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17 Nov 2011

Whether it's to allow them to focus on raising a family or on their professional priorities, a considerable number of employers are giving their female workers the option of working part-time if they would like.According to human resources management company Randstad, in Canada, female employees say they are given the opportunity to work part-time more often than men – 60 percent of women compared to 40 percent of men, respectively."The current needs of our society require flexibility in work schedules," said Stacy Parker, vice president of marketing for Randstad Canada. "As working mothers and fathers with young children struggle balance work and family responsibilities, they are more likely to require a flexible work arrangement."Jiffy Self-Storage offers an ideal working environment…

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17 Nov 2011

The Conference Board of Canada recently released numbers that detail the extent of the economic impact the country endured over two decades when business growth was sluggish.According to the CBC's report, if productivity had been comparable to what the U.S. generated between 1988 and 2008, Canada's gross domestic product would have been $8,500 higher, personal disposable income would have been $7,500 greater and corporate earnings would have been 40 percent stronger. In addition, federal government revenues would have been 31 percent more robust."Putting it plainly, increasing our productivity growth performance over the past two decades to equal that of our neighbor would have significantly increased Canadian wealth and improved our standard of living," said Mario Lefebvre, director of the CBC's…

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4 Nov 2011

Hundreds of restaurant operators in Toronto and the country at-large have participated in a survey that will help industry observers determine how well restaurateurs are performing in Canada.Teaming with Kostuch Media and the Ryerson University School of Hospitality Management, food service consultancy firm FHG International conducted the survey, which includes 600 restaurateurs representing 3,000 restaurants."Industry operators are hungry for operating data in which they can analyze operations in order to enable them to operate more effectively in a tough economic market," said Doug Fisher, president of FHG. "It is just this type of data, which provides details on operations by segment, by province, by number of seats, by square footage, by province, and by municipal location is just what operators…

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2 Nov 2011

The job situation in Canada is deteriorating considerably, as both the quality and quantity of jobs has declined during the past several months, a new survey suggests.Recent numbers released by the government reveal that the Canadian economy generated just 17,000 new jobs per month between July and September, which is down from 29,000 new jobs per month in the second quarter and 33,000 per month in the first quarter of 2011.Adding insult to injury is the decline in the quality of jobs. The Canadian Imperial Bank of Commerce's Employment Quality Index dropped half a percent in the third quarter and is down 1.5 percent since February.Benjamin Tal, CIBC's deputy chief economist, said Canadians should expect more of the same in…

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25 Oct 2011

While retirement is often viewed as vacation time, a considerable number of Ontarians won't be spending their post-career years lounging around.According to a poll conducted by Harris/Decima on behalf of the Canadian Imperial Bank of Commerce, 70 percent of Ontarians said they plan on working after they retire from their main jobs."Our CIBC Poll shows that Ontarians don't view retirement as the end of their working lives," said Christina Kramer, executive vice president of retail distribution and channel strategy for CIBC.While the overwhelming majority of Ontarians will continue to work after leaving their main jobs, how much time they plan on devoting to work differed. For instance, 45 percent said they will only work part-time, while 9 percent said they…

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18 Oct 2011

Confirming several other reports, a new study finds that office space in the Greater Toronto Area is hard to find due to strong performances from many businesses. According to Colliers' International Market Report, availability of office space dipped to just under 5 percent in the second quarter, the lowest level observed since the third quarter of 2008. Much of the decline was located in the GTA North and West markets. Despite vacancy rates being low, the report also found that there hasn't been much office space development to counteract the shortage. Colliers says "only a few" new construction projects are underway. However, demand for office space has subsided, the report notes. Still, the lack of development can pose a problem…

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