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  • Canada most cost competitive mature market for business | Small Biz Advisor
    office space and reductions in federal R D tax credits Mexico a NAFTA partner and the only high growth emerging country included in the study ranks first overall among the 10 countries in the study with lower business costs than any of the mature market countries examined Among 111 cities featured in the study 17 were Canadian Fredericton NB ranks as the most competitive in Canada having edged ahead of 2014 s leader Moncton NB The study also reveals that all Canadian cities are more cost competitive than any of the US cities featured and Montreal Toronto and Vancouver rank among the most competitive major cities worldwide Canada vs the world Among the countries Canada ranks second behind only Mexico in all four sectors examined digital services R D services corporate services and manufacturing Among these sectors Canada demonstrates its strongest results in R D services due in part to the federal and provincial R D tax credits available The high value US dollar proved to be a key factor in the rankings for many countries Canada s cost advantage relative to third placed Netherlands only changed marginally while Canada s cost advantage over Australia declined due in part to

    Original URL path: http://www.smallbizadvisor.ca/news/canada-most-cost-competitive-mature-market-for-business-4265 (2016-04-26)
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  • Where to invest in the U.S. | Small Biz Advisor
    He co manages the Renaissance U S Equity Growth Fund With the recent market pullback you ve got U S market multiples that are really close to the 10 year average whereas over the last year they ve been trading above that rate he says Employment growth is still reasonably healthy the U S is a net beneficiary of lower gas prices and the Fed has become a little more tentative given all the other concerns about future rate hikes And the strong greenback has been a drag on both revenue and earnings Companies are really just starting to cycle through and should get some benefit Going forward he says With market multiples coming down and the backdrop still being reasonably constructive for the U S I think it s an attractive market to be invested in He s overweight two sectors healthcare and technology Based on the Q4 results healthcare companies continue to beat revenue and earnings forecasts and the outlook is still generally favourable Foreign currency is a drag in 2016 but all in all the demand picture still looks reasonably strong Two healthcare names Orndorff likes are Zoetis and Baxter Zoetis serves the animal health industry for both the companion animal and livestock It continues to see solid growth and has profitability improvement plans that will further boost earnings Baxter is a hospital equipment supplier he adds and it s seeing a nice steady rate of growth Admissions into hospitals are still at reasonable levels And like Zoetis the company has a profitability improvement plan to lift earnings The technology sector also holds promise says Orndorff He s added exposure to the sector and favours names such as Facebook and Google These are both companies that have strong platforms that continue to benefit from the migration of

    Original URL path: http://www.smallbizadvisor.ca/news/where-to-invest-in-the-u-s-4262 (2016-04-26)
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  • Economists lower U.S. growth forecasts to 2.2% | Small Biz Advisor
    prediction of 2 6 growth The survey also notes 79 of economists lowered their growth outlooks for 2017 While lower gas prices are giving U S households some more cash for consumer spending that could power economic growth Americans have been cautious The Federal Reserve has predicted that a typical U S household will have about 1 000 more to spend this year because of lower gas prices But so far much of that has been saved or used to pay down debt About half the NABE economists say that Americans would keep saving the largest part of this windfall in 2016 while 62 say they d use much of it to pay down debt The economists could choose more than one option But the respondents are also optimistic about this cash going to some parts of the economy About 66 see splurging at restaurants and on other services while 60 predict spending on cars home appliances and other long lasting products And two thirds 67 expect that the Federal Reserve will raise interest rates two times this year The Fed raised its benchmark interest rate from record lows in December and signalled that more hikes would be coming this

    Original URL path: http://www.smallbizadvisor.ca/news/economists-lower-u-s-growth-forecasts-to-2-2-4261 (2016-04-26)
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  • U.S. consumer spending posts scant February increase | Small Biz Advisor
    after removing the effects of inflation rose a slight 0 2 in February while January was revised from an initial estimate of a 0 4 increase to a flat reading Sal Guatieri senior economist at BMO Capital Markets said this downward revision for January coupled with the weak showing for February prompted him to trim his expectation for overall economic growth to around 1 5 in the first quarter down from 2 Chris Rupkey chief financial economist at MUFG Union Bank in New York said The consumer turned cautious at the start of the year and chose to save more of their paychecks rather than spend it The stock market turbulence and increasing downside risks from the world economy did affect the consumers mood apparently Despite the recent weakness economists are still looking for consumer spending to accelerate as the year moves forward reflecting solid gains in employment boost incomes and fuel more spending A key price gauge followed by the Federal Reserve showed prices fell 0 1 in February and are up just 1 over the past 12 months The weakness seen in spending had been expected given an earlier report which showed that retail sales fell in February pulled down by falling gasoline sales The government on Friday revised its estimate for overall economic growth as measured by the gross domestic product to show the economy growing at an annual rate of 1 4 in the fourth quarter an improvement from a previous estimate of 1 The Federal Reserve at its meeting this month left a key rate unchanged while signalling that it now expected to boost rates only two times this year down from a previous expectation of four rate hikes One thing the Fed is closely watching is the performance of inflation which for nearly four

    Original URL path: http://www.smallbizadvisor.ca/news/u-s-consumer-spending-posts-scant-february-increase-4257 (2016-04-26)
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  • Bad news for business owners, corporate class investors | Small Biz Advisor
    tax consequences For example Class A shares could be Canadian equities Class B shares could be European equities Class C shares could be Latin American equities and you had the ability to switch among the various shares of the corporation on a non taxable basis explains Golombek That s ending after September of this year he notes Starting October 1 2016 if you make that change in a mutual fund corp those switches will be taxable This is a major unexpected change and my advice is make sure you do any portfolio rebalancing prior to October 1 A key change for small business owners says Golombek is the freezing of the small business tax rate at 10 5 on the first 500 000 of active business income The previous government introduced phased in reductions that would have seen the rate drop from 11 to 9 by 2019 Reductions beyond 10 5 will no longer happen Another key change for business owners notes Golombek is that the eligible capital property regime will be replaced with a capital cost allowance at a rate of 5 the old rate was 7 The Liberals are also introducing anti avoidance measures to clamp down on complex tax strategies involving life insurance One involves using the value inside a life insurance policy to extract money out of corporations says Golombek The government is also looking at some more aggressive strategies where small business owners have multiplied the Small Business Deduction using various sophisticated tax strategies Those are being attacked specifically For Golombek one of the biggest surprises in this year s budget was the elimination of a rule proposed by the previous government that would have allowed donations involving private company shares or real estate to be made to charity free of capital gains tax Under

    Original URL path: http://www.smallbizadvisor.ca/news/bad-news-for-business-owners-corporate-class-investors-4255 (2016-04-26)
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  • Millennials and technology transforming Canadian retail landscape | Small Biz Advisor
    According to the report 42 of Millennials 18 34 year olds buy online monthly and they also want easy ways to navigate online using their mobile devices while in the store This technologically savvy group is disrupting the Canadian retail landscape by re inventing the way customer data is collected to help create personalized retail experiences While mobile devices are a long way from becoming a significant point of purchase tool in Canada 18 24 year old customers use their smartphones mobiles to access store coupons and promotional codes 50 vs 35 globally compare prices with competitors 42 in Canada and globally and read product reviews 33 vs 32 globally According to the report customers want a seamless experience in which they feel like an insider including being informed of new products feeling part of a larger like minded community and being engaged in loyalty programs that are relevant to them A total of 66 of Canadians surveyed indicated that price is one of the top reasons for shopping at their favourite retailer However 63 of Canadian millennials specified that they are willing to buy a product online from another country clothing and footwear 57 books music movies and video

    Original URL path: http://www.smallbizadvisor.ca/news/millennials-and-technology-transforming-canadian-retail-landscape-4252 (2016-04-26)
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  • Canadians prefer buying from Canadians when shopping online | Small Biz Advisor
    report in a series about the state of the Canadian Internet the Canadian Internet Registration Authority CIRA investigates the growing importance of e commerce to Canadian retailors CIRA s research looked at online purchasing behaviours of both Internet users and small business owners Key findings from the report 62 per cent of Canadian Internet users prefer making purchases from Canadian websites over American ones Respondents cited a desire to support Canadian businesses as a key motivator 44 but also logistical concerns such as delivery costs 19 the exchange rate 17 and customs charges 16 CIRA s data suggests that many shoppers are embracing hybrid retail experiences that blend both online and offline shopping Forty seven per cent of respondents indicated that they often do product research online but buy items in store Only 19 indicated that they often do the reverse Seventy six per cent of respondents said that they look online for product pricing information Canadian Internet users commonly purchase clothing 42 travel 40 books 34 show and game tickets 33 and electronics 32 Business owners also purchase travel 61 but are more likely to access government services 37 or office supplies 34 from online stores than the average

    Original URL path: http://www.smallbizadvisor.ca/news/canadians-prefer-buying-from-canadians-when-shopping-online-4251 (2016-04-26)
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  • Ontario minimum wage to rise by 15 cents October 1 | Small Biz Advisor
    work from home for employers will see an increase from 12 40 to 12 55 It s important for people to know that there is a consistent transparent and fair approach to setting the province s minimum wage that ensures workers receive annual increases that keep up with inflation said Ontario Minister of Labour Kevin Flynn It s also important we provide predictability to businesses so they can prepare for

    Original URL path: http://www.smallbizadvisor.ca/news/ontario-minimum-wage-to-rise-by-15-cents-october-1-4244 (2016-04-26)
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