This year’s federal budget could put more pressure on small businesses, Canadian manufacturing enjoys an unexpected surge in activity and online shoppers are bringing their business to foreign retail websites. Here’s this week’s Noteworthy News:
Noteworthy News – March 22, 2017
- The federal budget is about to be unveiled, and a growing concern about potential changes to the small business deduction and the lifetime capital gains exemption has small business owners on edge. Via Financial Post
- Is Instagram the new advertising hub for small business? The photo-sharing platform has acquired 1 million advertisers, with about 8 million business profiles on the app – nearly five times as many as there were in September 2016. Via Forbes
- A surge in Canadian manufacturing brings optimism – and counters predictions. Economists had expected a decline for January, but sales were strong and exports hit a record high, with help from growth in the petroleum, coal and chemical industries. Via CTV News
- The Ontario Trucking Association will attend an upcoming meeting to address continuing concerns about roadside recovery practices and procedures. Heavy-duty recovery rates have become a hot topic among enforcement officials and insurance brokers, as well as fleet managers. Via Today’s Trucking
- Foreign retail sales are catching up to domestic sales in the online marketplace, pointing to an increasingly competitive arena for Canadian vendors. Values of online orders are rising, but nearly half of all orders are going to foreign sites. Via Financial Post
