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
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 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
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
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
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
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 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 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
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
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