Canada’s economy is slowing quickly as inflation, rising rates take hold

Canada’s economy is slowing quickly as inflation, rising rates take hold

A multi-family development under construction in Vancouver on May 13.DARRYL DYCK/The Globe and Mail The Canadian economy posted robust growth in the second quarter, but there are mounting signs of a slowdown as consumers grapple with sky-high inflation and rising interest rates. Real gross domestic product stalled in May, which was better than the initial … Read more

Michele Romanow’s Clearco laying off a quarter of staff as financier battles tech slump

Michele Romanow’s Clearco laying off a quarter of staff as financier battles tech slump

Clearco CEO Michele Romanow speaks onstage during TechCrunch Disrupt San Francisco on October 2, 2019.STEVE JENNINGS/AFP/Getty Images Clearco is cutting a quarter of its staff and signaled it could retreat from several foreign markets as the e-commerce merchant financier became the second prominent Canadian technology company this week to admit it expanded too quickly in … Read more

The e-commerce boom is fizzling out

The e-commerce boom is fizzling out

The pandemic was supposed to permanently change how people shop. At least, that’s how many retailers felt during the early stages of COVID-19, when consumers were largely stuck at home and bought more goods online. E-commerce adoption would rapidly accelerate and then continue to grow from there. That’s not how things are playing out. As … Read more

Dragons’ Den star Michele Romanow bracing ‘for the worst’ as her fintech Clearco adjusts to tech slump

Dragons’ Den star Michele Romanow bracing ‘for the worst’ as her fintech Clearco adjusts to tech slump

Michele Romanow, co-founder of Clearco, addresses the audience during the last day of the Web Summit 2021 in Lisbon.Bruno de Carvalho/Reuters Dragon’s Den star Michele Romanow is feeling the heat of worsening market conditions at the high-profile lending startup she runs, CFT Clear Finance Technology Corp. The Toronto e-commerce merchant financier, known as Clearco, stopped … Read more

Shopify (SHOP) earnings Q2 2022

Shopify (SHOP) earnings Q2 2022

In this photo illustration the logo of Canadian e-commerce company Shopify Inc. is displayed on a smartphone. Thomas Trutschel | Getty Images Shopify on Wednesday reported weaker-than-expected results for the second quarter, and warned that inflation and rising interest rates would weigh on the business in the second half of the year. Here’s how the … Read more

The earnings season is off to a rocky start. Here’s what to look out for next

The earnings season is off to a rocky start.  Here’s what to look out for next

Investors are scouring second-quarter earnings reports, including several landing this week in Canada and the US, for signs of an economic slowdown and just how bad it could get. The impact of surging inflation and energy prices on corporate margins and revenues, and the outlook for the last half of this year, are all expected … Read more

Why young ETF investors should be partying in the streets right now

Why young ETF investors should be partying in the streets right now

Instead of providing refuge, bond ETFs are just slower sinking ships, which can be concerning for millennial investors.Drazen_/iStockPhoto/Getty Images Luke Reynolds, 33, freaks out a little bit every time he looks at his portfolio online. The newly married dental practice development consultant started investing in 2020, adding a total of $42,500 to his portfolio of … Read more

Shopify cancels fall internships, pauses recruiting for further roles amid fallen stock price

Shopify cancels fall internships, pauses recruiting for further roles amid fallen stock price

Shopify Inc. headquarters sign is seen in Ottawa, May 3, 2022.Sean Kilpatrick/The Canadian Press Shopify Inc. is canceling internships and job offers for people who were to begin working for the Ottawa-based e-commerce company this fall, as it deals with challenges posed by its fallen stock price. In a statement to The Globe and Mail … Read more

Shopify delays compensation overhaul, lays off 50, as fallen stock price complicates plans

Shopify cancels fall internships, pauses recruiting for further roles amid fallen stock price

Shopify Inc. headquarters in Ottawa on May 3.Sean Kilpatrick/The Canadian Press Shopify Inc. SHOP-T is putting off a compensation overhaul that would give its employees more choice in how they are paid, as the Ottawa-based company addresses the challenges posed by its fallen stock price and the persistent sell-off pummelling the technology sector . In … Read more

Markets are falling, but my dividends keep going up

Markets are falling, but my dividends keep going up

Some people celebrate Canada Day by wearing red and white or heading out to watch the fireworks. I like to express my patriotism by adding up all the dividend increases from the Canadian companies in my model Yield Hog Dividend Growth Portfolio. This year, dividends have been one of the few bright spots for investors. … Read more