When a Canadian success story is $1-billion we should take notice

Let’s face it – $1-billion dollars is a lot of money.  Reaching a value of $1-billion dollars is a lot of success.  Being a Canadian company that is worth $1-billion dollars is a huge achievement that not many companies reach.  For those of you that do not watch or pay attention to technology you should know that Canada has a massive success story in a company called Shopify Inc. (click here for their website).  If you want to be a retailer selling something online – you are either using Shopify or should be.  Shopify is everything you need to set-up an online store and they have over 80,000 customers in more than 80 countries.  They just raised $100-million dollars to pay for more growth and to capitalize on new opportunities.  Great news for Shopify but what about your business?

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Canada doesn’t like risk eh?

What do you think?  Generally speaking, is Canada risk adverse?  Many of my recent blog entries have detailed different aspects of Canadian banks and lenders being adverse to any kind of default risk which may have served us well during the last downturn but today may be responsible for minimal economic growth within the small business market.  I appreciate that the TSX has demonstrated that it can raise risk money for oil and gas but what about other industries?  Is there a general sense of “no risk here please” in Canada?

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One man’s junk is another man’s treasure

In pondering some of the challenges that Canadian banks are facing with respect to their margins and product offering, I read an article today in the Financial Post (Canadian plants putting Detroit’s oil sands waste pile to use) that seemed to serve as a great reminder of how a problem for one person can result in an opportunity for another.  The story details how a Canadian electrical power plant is burning a stockpile of Continue reading “One man’s junk is another man’s treasure”

US to short Canadian banks

The following article has some interesting points in it about the Canadian real estate market and banks (see http://www.financialpost.com/m/wp/news/fp-street/blog.html?b=business.financialpost.com/2013/05/30/why-its-dangerous-to-short-the-canadian-banks) and their short term future. For those of us who actively work in the market with banks to get individuals and businesses money it has not been easy since the financial crash and seems each day to be getting harder. Continue reading “US to short Canadian banks”