Posts

Looming GM plant closure reminds SMEs of the need to adapt to changing customer demand and technology

When General Motors announced plans to shutter its Oshawa assembly plant after more than a century of production, headlines bemoaned the end of an era, not to mention the further decline of the once-impressive Canadian automotive industry. Commentators debated whether the move—which GM said was part of its wider global restructuring plans, and not reflective […]

Interest rates are rising. It’s time to shock-proof your balance sheet

It’s no surprise that debt-carrying entrepreneurs have been on edge of late. They’ve watched interest rates climb steadily over the past 18 months, pushing well past the historic lows that became normalized in the soft recovery that followed the Great Recession of 2008-09. Indeed, the Bank of Canada raised its benchmark rate several times over […]