Category: Business News

Alberta’s rural municipalities say the amount of unpaid property taxes they’re owed by oil and gas companies has more than doubled over the past year.

The association says they are owed a total of $173 million — a 114 per cent increase over last spring.

Years of low oil prices have left many small producers in dire straits.

But rural officials say recent court decisions have left them powerless to collect tax money owed them by financially troubled companies.

As well, they say the provincial government recently ended a program which refunded them money they lost by reducing taxes for certain kinds of wells.

Reeve Paul McLauchlin of Ponoka County, where unpaid taxes amount to about 10 per cent of overall revenues, suggests the non-payment amounts to a tax revolt by an industry looking to cut costs wherever it can.

He says some of those taxes are owed by companies

VANCOUVER — The first stage of an extradition hearing for a senior executive of Chinese tech giant Huawei started in a Vancouver courtroom M onday, a case that has infuriated Beijing, caused a diplomatic uproar between China and Canada and complicated high-stakes trade talks between China and the United States.

Canada’s arrest of chief financial officer Meng Wanzhou, the daughter of Huawei’s legendary founder, in late 2018 at America’s request enraged Beijing to the point it detained two Canadians in apparent retaliation.

Huawei represents China’s progress in becoming a technological power and has been a subject of U.S. security concerns for years. Beijing views Meng’s case as an attempt to contain China’s rise.

“Our government has been clear. We are a rule of law country and we honour our extradition treaty commitments,” Canadian Deputy Prime Minister Chrystia Freeland said at a cabinet retreat in Manitoba. “It is what we need

When AG Hair moved into its new, 70,000-sq.-foot, state-of-the-art manufacturing facility in Coquitlam, B.C., two years ago, it was part of a plan to supercharge expansion of its hair care product line to salons in international markets. Europe was next on its list. Then COVID-19 hit.

Not only was the European expansion put on hold, but salons in major markets across Canada and the United States were temporarily closed. Very few were purchasing hair products, so manufacturing was halted in mid-March, leaving most of the company’s 82 employees out of work.

AG Hair could have waited out the pandemic but instead decided to lean into its entrepreneurial culture and make a sharp pivot. It began providing hand-sanitizing products for front-line health-care workers, addressing a global shortage.

“We realized there was this massive need for health-care professionals, and we wanted to make a difference and be able to provide them with

Every year, Canadian Business has highlighted the entrepreneurial leaders of Canada through the the Growth List—a ranking of established businesses on five-year revenue growth and startups on two-year revenue growth. Formerly known as the Growth 500, the Growth List and Start-Up List winners are profiled in a special print issue of Canadian Business published with the December issue of Maclean’s magazine. 

“Despite turbulence, the 2020 Growth List companies showed resilience, spirit and, most importantly, empathy and strong leadership,” says Susan Grimbly, Growth List Editor. “As we celebrate over 30 years of the Canada’s Fastest-Growing Companies program, it’s encouraging to see that the heart of Canada’s entrepreneurial community beats strong, even in tough times.”

Ranked categories include, Business Pivot; Employer of the Year; Excellence in Diversity; Female Entrepreneur of the Year; Global Business; Philanthropy Service; and Technology Trailblazer. 

“The award-winning entrepreneurs are fleet, incredibly imaginative and creative; and truly passionate,” sys

Refocused and reenergized, Canada’s most influential business magazine will help readers engage with the leaders who are driving innovation in this country

Business in Canada is changing — and so is Canadian Business.

Trusted by executives and entrepreneurs for nearly a century, the country’s preeminent business magazine is refocused, reenergized and ready for its exciting relaunch this October. Online and in print, the publication will offer everything from inspiring profiles to unique thought leadership that reflects the changing face of business from coast to coast — and with an eye to global trends.

“Business leaders today are not the same as they were a decade ago — or even five years ago,” says Charlotte Herrold, the newly appointed editor-in-chief of Canadian Business. “They’re young, diverse and progressively minded. They’re working to build a better future for Canada by fostering meaningful change, not by looking only at the