Federated’s Fast Five – February 17 2017

IBM is putting Watson of ‘Jeopardy!’ fame to work for businesses, the CHBA shares some tips for home owners when hiring contractors or renovators, a new study out of Quebec exposes the real risks of shovelling after heavy snow, Toronto’s constrained housing supply is due to many factors, and construction activity in Northern Ontario is helping First Nations employment . Here are stories you need to know for the third week of February:

Cyber criminals have a new adversary with IBM announcing that Watson’s computing power will be used to combat cyber crime and analyze cyber threats. Via Financial Post The Canadian Home Builders Association is reminding home owners to do their due diligence and avoid contract-free cash deals when hiring renovators. Via The Chronicle Herald A new study from the University of Montreal Hospital Research Center has calculated the risks of dying from a heart after a heavy snowfall. Via Montreal Gazette With the worries surrounding Toronto’s housing market, there are a number of factors Toronto’s Chief Planner has identified that contribute to constrained supply. Via Business News Network A First Nations training program in Thunder Bay is having success recruiting local youth to the skilled trades job

Federated’s Fast Five – February 10 2017

Federated’s Fast Five – February 10, 2017

The combination of heavy snow and car accidents in Vancouver is forcing the city to action, the changing Canadian job market is taking its toll on traditionally male careers, the new census offers a surprise for Western Canada, Scotiabank recently released a forecast on 2017 auto sales and new housing start data is out for January. Here are stories you need to know for the second week of February:

With an especially snowy winter hitting the west coast, the increase in car accidents is making the City of Vancouver weigh options for drivers without snow tires. Via CTV News Studies show that male workers in Canada are increasingly facing unemployment because they are not adapting to economic trends and the changing job market. Via CBC News New census data shows that Alberta and the other western provinces are still growing despite the oil crash. Via National Observer A new report from Scotiabank forecasts lower auto sales in 2017 compared to 2016 due to higher prices for cars and light trucks. Via The Toronto Star Good news for homebuilders: with a red hot housing market across Ontario, housing starts were higher than expected

Federated’s Fast Five – February 3, 2017

The Toronto Real Estate Board has predictions about 2017, the 2017 RV Expo and Sale kicks off in Calgary with some good news for dealers, tire manufacturers are seeing increase costs of materials, a new study underscores the benefits of firewall management tools and the Canadian Federation of Independent Business releases new data. Here’s some interesting news to start off February:

Toronto’s sizzling real estate market will likely continue to see double-digit increases in housing prices in 2017 according to the Toronto Real Estate Board. Via Business News Network Good news for RV dealers: attendance at the 2017 RV Expo and Sale in Calgary has increased 30% over last year as more Calgarians look to vacation within Canada. Via CTV News Tire prices haven’t increased since 2012, but manufactures are warning they could be increasing up to 8% due to an increase in the cost of raw materials. Via Truck News A new study by FireMon finds that enterprises using firewall management tools are able to respond to cyber breaches more quickly than companies who do not. Via Canadian Underwriter Recent data from the Canadian Federation of Independent Business (CFIB) shows that small business owners in Manitoba are more

Federated’s Fast Five – January 27, 2017

Federated’s Fast Five – January 27th, 2017

This week’s Fast Five news roundup includes: new electric vehicle laws, new cyber risks, rising costs of hydro, possible implications of renegotiated NAFTA agreement on Canadian farmers and a warning from the CMHC.

Here’s this week’s Fast Five news roundup:

Quebec’s announcement about new electric vehicle laws coming into effect in 2018 is causing some concern within the Canadian automotive industry. Via Global News According to a survey by Zogby Analytics, the increase in smart home devices introduces new risks and avenues for cyber criminals to exploit. Via Canadian Underwriter With the rising cost of hydro, businesses in British Columbia are lobbying the government to provide them with a tax break by removing the provincial sales tax on electricity. Via The Globe and Mail President Trump’s pledge to renegotiate the North American Free Trade Agreement has some cattle farmers in Saskatchewan nervous about the possibility of restricted cattle flow to the United States. Via Global News Canada Mortgage and Housing Corporation (CMHC) is keeping its red flag rating on real estate for some key markets including Vancouver, Victoria, Toronto and Hamilton Via Financial Post

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Federated’s Fast Five – January 20 2017

This week’s Fast Five news roundup includes the following: the total financial impact of last year’s devastating wild fire in Fort McMurray has been calculated, Ottawa is leading the way with new zoning laws to accommodate coach houses, Quebec announces the new minimum wage and schedules 3 more increases over the next 3 years, Yelp releases their list of the top 100 Canadian restaurants, and Calgary is experiencing a surge of entrepreneurship in response to economic difficulties.

1. An assessment from an economist at MacEwan University found that the total financial impact of the Fort McMurray wildfire is approximately $9.5 Billion when direct and indirect costs are included. Via Canadian Underwriter

2. With Canadian real estate having another year of record growth, more consumers are interested in microhomes and coach houses. Ottawa recently changed zoning laws to allow for coach houses on properties with existing homes. Via CBC News

3. Quebec recently announced the new minimum wage effective May 1st will be $11.25 an hour. Some small businesses in Quebec are concerned about the increased costs.   Via CBC News

4. Yelp Canada has released its list of the top 100 restaurants across the country for 2017 via GlobalNews