News & Updates

/News & Updates

Beware-Ransomware Virus Passed On

BC Business Broker was recently affected by a ransomware virus passed on from a trusted client. The client had 6 email addresses compromised by this virus. The criminal ransomware organization sent ‘authentic’ looking emails to their database using a valid email address and signature. Emails sent through BC Business Broker and Sunbelt Network were compromised [...]

By | November 9th, 2017|News & Updates|Comments Off on Beware-Ransomware Virus Passed On

Bankers Question Inflation Practices in Global Economy

Monetary planners are questioning whether the age old practice of raising inflation rates to balance out the economy is still working. Central bankers are operating in a baffling new world that is the reverse of what their predecessors dealt with in the 1970s and 1980s. Instead of struggling to bring inflation down or keep it [...]

By | November 7th, 2017|News & Updates|Comments Off on Bankers Question Inflation Practices in Global Economy

Central Bank Wrestles with Inflation Challenge

Congratulations, Jerome Powell. This week you have been handed one of the toughest and most important jobs on the planet. As the new chair of the U.S. Federal Reserve, you will have to pilot the world’s most powerful central bank as it attempts to restore normalcy to a global economy still bearing scars from the [...]

By | November 7th, 2017|News & Updates|Comments Off on Central Bank Wrestles with Inflation Challenge

Canadian family business penalized by tax proposals

Under the new government tax proposal launched July 18, 2017, Canadian families looking to sell the family business to their children will be heavily taxed. Selling to an outsider would allow the normal capital gains tax exemption, but selling to their children would not allow the parent to utilize the existing capital gains tax exemption. [...]

By | October 3rd, 2017|News & Updates|Comments Off on Canadian family business penalized by tax proposals

Expert Advice When Sales Grow but Profits Don’t

What’s an aspiring entrepreneur do when a business is growing but the profits aren’t? Get expert advice. Expert advice can help entrepreneurs like Sarah Landstreet, whose company Georgette Packaging grew to $1.3 million in sales this past August from $172,000 in 2014. Despite that growth, her net profits for this year were $84,000 as of [...]

By | October 2nd, 2017|News & Updates|Comments Off on Expert Advice When Sales Grow but Profits Don’t

Canadian dollar shoots up almost a cent

"The Canadian dollar jumped more than a full cent higher against the U.S. greenback Friday after a weaker-than-expected U.S. jobs report. According to Bloomberg, the loonie hit an intraday high of 77.43 cents US shortly after the release of employment figures that showed U.S. job creation in April hit its lowest mark in more than five [...]

By | June 7th, 2016|News & Updates|Comments Off on Canadian dollar shoots up almost a cent

Avis Budget buys Zipcar for $491M

"Avis is leaping into the car-sharing service business by buying Zipcar for $491.2 million, aiming to capture a new type of customer and technology that will vastly expand its car rental options. Car sharing has become a popular alternative to traditional rentals in metropolitan areas and on college campuses, allowing members to get a vehicle [...]

By | June 3rd, 2016|News & Updates|Comments Off on Avis Budget buys Zipcar for $491M

Technology ‘Golden era’ coming_Amazon’s Jeff Bezos

"Amazon founder Jeff Bezos says when it comes to technology, "We're on the edge of the golden era." Bezos offered a glimpse of his vision of the future during an interview Tuesday at the Code Conference in Southern California. Of artificial intelligence, Bezos says, "It's probably hard to overstate how big of an impact it's going [...]

By | June 2nd, 2016|News & Updates|Comments Off on Technology ‘Golden era’ coming_Amazon’s Jeff Bezos

Dual-income parents doubled in Canada

"The percentage of dual income families in Canada has almost doubled in the past 40 years, according to research released Monday by Statistics Canada. Between 1976 and 2015, the percentage of dual-income families with at least one child went from 36 per cent to 69 per cent. Over the same period, the proportion of families where [...]

By | June 1st, 2016|News & Updates|Comments Off on Dual-income parents doubled in Canada

New platforms easier for investors to get data

“When worried investors ask the management of a privately held company how it’s doing financially, there’s often a scramble to provide them even the most rudimentary information. ‘We call it ‘interns and Excel’ – people will get on the phone and say, ‘I haven’t heard from you in three quarters,’ and they’ll send them a [...]

By | May 30th, 2016|News & Updates|Comments Off on New platforms easier for investors to get data