Smith faces a slew of financial challenges in Alberta after election victory

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Business News
After faltering about a decade ago in her ambitions to lead the Wildrose Party to power in Alberta, Danielle Smith found redemption on Monday night as leader of the United Conservative Party with a majority victory in the provincial election. Smith became premier in October after winning the UCP leadership vote in the wake of Jason Kenney’s resignation, and now has a much broader mandate after a victory over the Alberta New Democratic Party. “To paraphrase our dear friend Ralph Klein, ‘Welcome to another miracle on the Prairies,'” Smith said to cheers from the crowd in Calgary. The election comes…

Batten Down the Hatches: Fine Tune Your Small Business Plan for Any Economic Environment

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Business Plan
In recognition of the more than 33 million small businesses in the US, we are sharing helpful best practices to fine-tune your small business plan to weather economic shifts. Responsibly manage your business debt Interest rate changes have significant impacts on business lending. To effectively manage your debt, consider these financial tactics before applying for a business loan: READ: Higher Interest Rates — What Does It Mean for Consumers, Bond Investors and the Stock Market? Convert floating debt Consider converting any floating-rate debt to fixed-rate debt, which flips the mindset from short-term financing to a longer-term solution that may be…

Adidas is selling Yeezy shoes again after cutting ties with Kanye West

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Business News
Some of Adidas’ remaining Yeezy shoes are back on sale — months after the German sportswear company cut ties with Ye, the rapper formerly known as Kanye West. Adidas ended its years long partnership with Ye in late October, in light of his antisemitic remarks and other harmful behavior. In the months that followed, the fate of $1.3 billion worth of unsold Yeezys remained unknown — until earlier this month, when Adidas CEO Bjørn Gulden announced the company would be selling a portion of the remaining inventory and donating some of the proceeds to social justice organizations . The first…

Stellantis EV battery plant could cost Canada $19 billion in subsidies

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Business News
Breadcrumb Trail Links News energy Electric Vehicles Commodities The price tag may reach as much as $19 billion over a decade, far exceeding the $13 billion promised to Volkswagen Author of the article: Bloomberg News Brian Platt and Gabrielle Coppola Published May 31, 2023 • Last updated 2 days ago • 3 minute read Prime Justin Trudeau speaks at a Stellantis facility in Windsor, Ont., last year. Photo by Dan Janisse/Windsor Star Article content Stellantis NV is likely to receive more in subsidies for a new electric-vehicle battery plant in Canada than the $13 billion Volkswagen AG extracted for a…

Why Your Business Is At Risk Without A Succession Plan

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Business Plan
Daniel M. Machnik is the owner of Willis & Machnik Financial Servicesan affiliate of Avantax Wealth Management. getty When you’re building a small business, your time is precious. You’re focused on the right now—payroll, inventory, talent, operations, debt and profit. There’s often little time left to think about the long-term future of your business and who will run it when you’re gone. But your work deserves protection and a path to the future, and a succession plan is the first step to get there. Why does it matter? To me there are few things more tragic than a business owner…

FDA issues marketing denial for 6,500 flavored e-cigarettes

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Business Marketing
[1/3] Flavored e-cigarette products are seen on a store shelf in Raleigh, North Carolina, US, June 23, 2022. REUTERS/Arriana Mclymore May 12 (Reuters) – The US Food and Drug Administration (FDA) on Friday issued marketing denial orders to 10 companies which collectively manufacture and market about 6,500 flavored e-liquid and e-cigarette products. The health regulator said these companies cannot market or distribute the products in the US and retailers who sell them risk FDA enforcement action. Any company that wants to legally market a new tobacco product in the United States must receive a written marketing order from the FDA.…

Celent Report Finds Personetics Is the Top Banking Solution for Small Business Banking in North America

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Small Business
this section is Partnership Content supplied The content in this section is supplied by Business Wire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by Business Wire Breadcrumb Trail Links PMN Press Releases Business Wire News Releases Author of the article: Published May 24, 2023 • 3 minute read Business Wire Business Wire Article content Celent evaluated eight fintech providers across data analytics and insights, product recommendations, and workflow digitization Advertisements 2 This advertisement has not been loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS…

5 Businesses To Start In An Economic Downturn

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Small Business
Starting a business is a nerve-wracking and daunting venture at the best of times, but especially during an economic downturn. If you’re interested in starting a business as the UK faces economic decline and the cost of living rises, it’s hard to imagine a business growing let alone being founded during this period. However, every economic change offers opportunities and often gives rise to what becomes rapidly growing start-ups. This is our list of the five businesses to start during the economic downturn. 5 businesses to start in an economic downturn include: groceries Cyber ​​security and tech support Repairs PetIndustry…