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Latest News
Canada Goose, Lightspeed report earnings + MORE May 16th
Two Canadian companies report their fourth-quarter earnings this week, along with some other news.
Canada Goose reports $5M Q4 profit, YOY revenue up 22%
Canada Goose Holdings Inc. (TSX:GOOS) reported a profit in its fourth quarter compared with a loss a year earlier as its revenue rose 22%. T.... More »
Canadian banks earnings reports + MORE Aug 28th
Big Bank earnings reports highlights
The third-quarter results are in.
National Bank of Canada (NA/TSX): Earnings per share of $2.68, and revenues of $3 billion.
Royal Bank of Canada (RY/TSX): Earnings per share of $3.09, and revenues of $14.63 billion.
Bank of Montreal (BMO/TSX): Earnings.... More »
The best GIC rates in Canada for 2024 + MORE Aug 19th
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
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MoneySense is an award-winning magazine, helping Canadians navigat.... More »
The top 5 questions about RESPs + MORE Sep 7th
An RESP, short for registered education savings plan, is a powerful tool that families can use to save for a child’s post-secondary education. RESPs have many great benefits, including tax-deferred growth and access to thousands of dollars’ worth of free government grants and bonds. But… using.... More »
Loblaw rides long-term discount trend to stronger Q2 results + MORE Jul 25th
A slew of new discount stores helped push profit at Loblaw Cos. Ltd. higher in the second quarter, as shoppers continue to seek lower-priced products, a trend the company’s CEO says will remain for the long term.
“Our hard discount stores: They’re doing well and they’re stil.... More »
Staff-less Convenience Stores Could Soon be the Norm
– canadianbusiness.com
John Douang grew up helping his parents at their independent grocery store in Toronto. “Seeing how hard they had to work pushed me,” he says. “My parents worked 14-hour days seven days a week. When they wanted to take a vacation, they had to close the store because they couldn’t afford to hire someone.”
These core memories inspired Douang to leave his job as a content manager at video-streamer Quickplay in 2016 and launch Aisle 24, a chain of fully automated convenience stores now expanding across Canada. It’s a family business: Marie Yong, Douang’s wife, co-founded the company and is now its COO. Five months into developing their business plan, they hired Douang’s brother, Josh, to lead training and development. And it was a $100,000 investment from Douang’s parents that got them off the ground.
“I wanted to use technology to give time back to business owners like my parents,” says Douang. At Aisle 24, customers use an app to check in and an automated kiosk to check out…
