BU
Business News Info
BU

Looming COVID-19 loan repayment deadlines have some small businesses worried about staying afloat

With the deadline to repay a federal government COVID-19 loan looming, the owners of some small businesses in Manitoba are worried about their future.

The Canadian Federation of Independent Business says approximately 90 per cent of small businesses in the province took out loans through the Canada Emergency Business Account, also known as CEBA.

The federal program, meant to offset losses caused by the pandemic, offered zero-interest loans of up to $60,000. As much as one-third of those loans — up to $20,000 — would be forgiven if the remainder was repaid before Dec. 31, 2023.

But a lot of

…
Read More

Jourdan Engages Additional Firms to Assist with Marketing Campaigns

TORONTO, June 07, 2023 (GLOBE NEWSWIRE) — JOURDAN RESOURCES INC. (TSXV: JOR; OTCQB: JORF; FRA: 2JR1) (“Jourdan“or the”Company“) announced today that it has entered into investor relations agreements with Rumble Strip Media Incorporated (“Rumble”) and Dede & Dede GmbH (“Dede”) for assistance with its investor awareness marketing campaign.

Rumble provides marketing and investor relations services. The company will assist Jourdan in enhancing its visibility with potential investors by providing, among other services, content creation management, author sourcing, project management, and media distribution for a total upfront cost of US$100,000 for

…
Read More

Family Offices Step Up to Fund Oil, Gas

Family offices are increasingly investing in oil and gas, and some industry analysts and executives say their presence may offset some of the macro deficit created when generalist investors fled the E&P space.

A decade of small returns coupled with a rising tide of anti-fossil fuel sentiment drove shareholders away from the sector in recent years. But private family offices may be less distracted by the sector’s history, especially as many large producers – flush with free cash flow – are now returning record cash to investors.

Dallas-based private equity firm Pearl Energy Investments closed a $705 million fund in

…
Read More

Why You Should Consider A Chief Growth Officer In 2023 And Beyond

Sergio Tang is the chief growth officer at Space AG Global, a growth expert, speaker and lecturer. Helping ships and scale products in Latam.

The business world is evolving faster than ever. With all the layoffs and the always-changing landscape, startups and big companies are focusing on revenue-based growth roles. However, the days of growing a business at all costs, just looking for that hockey stick figure, are in the past. As a result, the position of a hybrid or at least fractional chief growth officer (CGO) has become increasingly important in recent years for tech companies. Having a

…
Read More

With Banks Facing Threats, Where Should a Small Business Keep Large Deposits?

Experts say businesses have a lot of options for storing their money safely—and they don’t necessarily involve stashing their cash with “too-big-to-fail” megabanks.

The failures of three medium-sized banks this spring rattled small business owners, who often had deposits in excess of the $250,000 that’s protected by the Federal Deposit Insurance Corporation. Almost two-thirds of small businesses keep their money in small or regional banks, according to an April survey by the National Federation of Independent Businesses. And 70% of business owners said they were at least slightly concerned about the financial health of their banks in the wake of

…
Read More

Irving Oil considers the sale of the company as part of a strategic review

Irving Oil says it has launched a strategic review that will consider, among other things, “a full or partial sale” of the company, one of the largest in New Brunswick.

“A strategic review of the company is underway, and a series of options are being evaluated related to the company’s future,” the Saint John-based company said in a statement.

“No decisions have been made about where this strategic review may lead. Considerations will be given to a new ownership structure, a full or partial sale, or a change in the portfolio of our assets and how we operate them.”

The

…
Read More

Young Americans twice as likely to use AI for financial advice

As the artificial intelligence boom continues, a new survey finds that younger adults are twice as likely to rely on AI for financial advice compared to older adults.

According to a Yahoo Finance/Ipsos survey of 1,276 Americans, 20% of Gen Z adults said they were somewhat or very likely to use an AI-powered financial advisor, compared to 9% of Baby Boomers and those older. Some 18% of millennial investors and 17% of Gen X investors said they’d be likely to use an AI financial advisor.

The results suggest that younger adults, while still in small numbers, are gradually embracing AI

…
Read More

How to Choose a Financial Advisor in Canada: Questions to Ask

Published on June 6th, 2023 at 01:55pm EDT
Updated on June 12th, 2023 at 06:21am EDT


Selecting a financial advisor to help you manage your money in Canada is an important decision.

As a newcomer to Canada, it’s not always easy to navigate the world of personal finance.

Selecting a financial advisor to help you manage your money is an important decision. With so many options available, it’s essential to take the time to ask the right questions and ensure you’re making the best decision for your financial future. In this article, we’ll explore seven essential questions you

…
Read More