Entrepreneur News
Repeated lockdowns will create depression, not recession: MEI
The Quebec government this week announced new stricter lockdown rules before the holidays, yet repeated lockdowns, even if partial, are likely to inflict the effects of an economic depression on SMEs rather than those of a simple recession, an economic note prepared by Peter St. Onge in collaboration with Maria Lily Shaw on behalf of the Montreal Economic Institute (MEI) warns.
Exploring COVID-19’s impact on mental health of entrepreneurs: Michael’s story
Editor’s Note: This is the second in a three-part series based on new research from the Business Development Bank...
Canada’s Main Streets and small businesses face extreme uncertainty: Study
Vancity, Vancity Community Investment Bank (VCIB), and the Canadian Urban Institute, this week released research that examines seven of Canada’s main streets, offering insight into how small businesses have been impacted by COVID-19 since April.
Exploring COVID-19’s impact on mental health of entrepreneurs: Part 1
Last month, BDC released some alarming, but certainly not surprising findings on the overall mental state of Canadian entrepreneurs many of whom are grappling with a pandemic that has caused untold harm.
Black Entrepreneurship Program receives major funding boost
The federal government this week announced a pledge valued at $221 million to the Black Entrepreneurship Program.
See It Be It campaign and new research released by WEKH
The Women Entrepreneurship Knowledge Hub (WEKH) is releasing a new research report Women Entrepreneurs Beyond the Stereotypes and awareness campaign it said is designed to “celebrate women entrepreneur success stories and crush male-dominated stereotypes of entrepreneurship.”
eBay Canada unveils its 2020 Entrepreneur of the Year Awards winners
Today, eBay Canada announced the winners of its 16th annual Entrepreneur of the Year Awards, honouring Canadian entrepreneurs using eBay’s global marketplace to build and scale their thriving businesses.
Pandemic fast-tracked digital transformation for small business: PayPal
A new report by PayPal Canada, Business of Change: PayPal Canada Small Business Study, shows how dramatically the pandemic has accelerated digital commerce for Canadian small businesses.
Many entrepreneurs wish they could bail, but aren’t prepared: KPMG
With ongoing uncertainty caused by the COVID-19 pandemic, more than a third (37%) of business owners surveyed in Canada wish they could retire, transition or sell their business but are not prepared, finds a recent poll by KPMG in Canada.
Thinking Capital completes buyout of Fintech platform, reaches $1 billion mark for small business funding
Thinking Capital Finance Corp., a digital lender to small businesses, has completed the acquisition of Ario, a finance-as-a-service technology platform.
Smaller firms recovery takes hit despite start of holiday shopping season
Small businesses recovery has taken a step back as COVID-19 cases increase, according to the latest results from the Canadian Federation of Independent Business (CFIB)’s #SmallBusinessEveryDay Dashboard:
Small business says trade critical to Canada’s economic recovery: FedEx
Canadian small businesses have made it clear that economic recovery and international trade are intricately linked with 80% agreeing that increasing trade between Canada and other countries will improve the economy overall.
Despite lack of support, Canada’s women entrepreneurs finding new and creative paths to growth
Women currently comprise 28% of all entrepreneurs in Canada but represent only a small percentage of high-growth firm founders.
Free contact tracing tool now available for firms who need to track customers
Canadian technology company GroundLevel Insights this week launched CANATRACE, a free digital offering that allows businesses to capture pertinent customer data needed for contact tracing, all while alleviating the workload of staff and keeping patrons – and their contact information safe.
NACO announces new initiatives to mobilize angel activity for entrepreneurs
Ottawa has announced plans to invest $710,000 in support for initiatives to be delivered by the National Angel Capital Organization (NACO) in both Western Canada and Atlantic Canada. The initiatives are designed to “support the early-stage capital ecosystem and create new pathways to scale and growth for entrepreneurs.”
BDC‘s 41st edition of SBW focuses on resilience, innovation
Business Development Canada’s Small Business Week (SBW) is going completely virtual this year with exclusive events taking place this week, highlighting the resilience and innovation of entrepreneurs in the face of today’s unprecedented challenges.
Lively sound-off about this nation’s taxation woes set for Oct. 21
Next Wednesday at 1:30 p.m. EDT, Canada’s Podcast will hold its first live discussion/podcast and if you are interested in learning about what is wrong with Canada’s tax system, this event is made for you.
Canadian entrepreneurs shifting priorities, taking advantage of new trends brought on by COVID-19: BDC
Most small and mid-sized enterprises (SMEs) are looking ahead and taking action to prepare for the future despite COVID-19, according to BDC’s study, “The Response: How Entrepreneurs Are Adapting to the Pandemic.” The study identifies five priorities for entrepreneurs as they plan for the future, as well as how the pandemic has changed Canadians’ habits.
Ontario SMBs to receive $60 million in funding through provincial PPE grant
Prabmeet Sarkaria, associate minister of small business and red tape reduction, today announced Ontario’s Main Street Recovery Plan and said the provincial government plans to introduce the Main Street Recovery Act, 2020.
CFIB exec on threat of 2nd shutdown: Government response time must improve
If there is another major shutdown because of growing COVID-19 cases all levels of government need to be more proactive when it comes to assisting small business, says an executive with the Canadian Federation of Independent Business (CFIB).
Small businesses in Alberta finding way to launch, grow and succeed: MNP
In the past several months, Calgary and the surrounding area has experienced a great deal of additional stress to the local economy, says national accounting, tax and business consulting firm MNP in a release issued today. Small, medium, and large businesses have been affected by COVID-19, the global slowdown and the ongoing challenges of the current oil-influenced economic downturn, it adds.
CFIB gives federal Speech from the Throne a thumbs-up
The Canadian Federation of Independent Business (CFIB) said it is pleased with this week’s Throne Speech, which focused government on the continued economic response to COVID-19. The impact of the first wave is far from over for small business, it added, with fewer than a third making their normal revenues.
Small business owners say resilience will help them weather COVID-19 storm
Canadian small business owners are counting on their resilience and optimism to help them weather the COVID-19 storm, according to a new RBC Small Business poll conducted by Ipsos.
CFIB says support for small business a priority in upcoming Throne Speech
Small businesses are looking for next week’s Throne Speech to signal support through the recovery period, says the Canadian Federation of Independent Business (CFIB).
Ottawa announces support for Black entrepreneurs and business owners
The federal government this week announced investments of up to nearly $221 million in partnership with Canadian financial institutions to launch Canada’s first-ever Black Entrepreneurship Program.
Panel formed for newly launched Canadian Centre for the Purpose of the Corporation
The Canadian Centre for the Purpose of the Corporation (CCPC) has announced the members of an “expert panel” put together to help Canadian businesses and organizations “redefine and strengthen both the scope of their purpose and the contributions they make more broadly to society.”
Telfer School of Management releases Gender-Smart Entrepreneurship Education & Training Plus report
The Telfer School of Management at the University of Ottawa has launched the Global Gender-Smart Entrepreneurship Education and Training Plus (GEET+) report.
Exploring COVID-19’s impact on mental health of entrepreneurs: Marie’s story
Editor’s Note: This is the third in a three-part series based on new research from the Business Development Bank...