Is Canada’s housing market headed for collapse?
There’s plenty of arguments to be made on both sides of that question, but so far no clear answer. What does appear obvious is that Bank of Nova Scotia has emerged as perhaps the best positioned of the domestic banks to withstand the kind of impact on retail lending that you might expect from a worst case scenario in residential real estate. It’s all about diversification.
TORONTO — Canadian Tire’s partnership with Scotiabank isn’t just about taking some weight off of its balance sheet — it is another key component in a multi-year effort to restore the retailer’s brand to glory as rivals such as Target and Walmart amp up their presence in this market.
“The financial piece is fantastic, but the marketing opportunities are phenomenal,” Duncan Fulton, chief marketing officer at the retailer’s FGL Sports and Mark’s division, said after the company’s annual general meeting on Thursday.
Harley-Davidson, Inc. (HOG) announced it will perform a test-run of its electric motorcycles, starting this week. The new prototype is part of LiveWire, the company’s new project that aims at building electric version of its popular heavy bikes to lure younger customers and address environmental issues.
Bank of Nova Scotia has historically underperformed when it comes to credit cards and will make expanding that business in Canada a priority, Chief Executive Officer Brian Porter said.
“In an increasingly competitive environment, credit cards allow us to better serve existing customers — and attract new ones,” Porter said at the Toronto-based firm’s annual investors’ meeting in Kelowna, British Columbia. “They also provide us with an attractive risk-adjusted return.”
Information on more than 17 million mobile phone customers will be used to sell advertising on the internet later this summer. A venture set up by Vodafone, O2 and EE will look to profit from the data they have collected from customers by placing advertisements on behalf of multi-national corporations such as carmakers and food and drink giants.
Every weekend for a year, Carlo Cimetta drove three hours from Sarnia, Ont., to Toronto so his then-10-year-old son could play in the high-calibre Greater Toronto Hockey League. He later rented a home in Port Huron, Mich., so his son could play in Detroit’s renowned ‘Honeybaked’ AAA hockey organization, with its twice-daily hour-long commute.
He knows some people call him a ‘‘crazy hockey dad,’’ but he swears he wasn’t trying to create a National Hockey League superstar.
Social media has risen in the past year with over two thirds implementing it into their organisations, but alarmingly one third still don’t have a plan in place.
The report, ‘Channel Vision – Version 2.0’, put together by design, marketing and print specialists Catalogues 4 Business questioned over 100 organisations within the United Kingdom. The report was drawn from a diverse mix of businesses, both B2B and B2C, and a combination of industry sectors.
Services like Pandora and Spotify have been trying to win over two types of customers: younger people who don't buy music at all and older people who still like physical albums. But it's been difficult to lure customers willing to pay for music they won't own or that they can find for free online.» E-Mail This » Add to Del.icio.us