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Atlantic Canada assesses damage from post-tropical storm Fiona

September 26, 2022 by Jason Contant

Post-tropical storm Fiona swept through Atlantic Canada and eastern Quebec this weekend, knocking out power to hundreds of thousands of people, washing away homes and cottages, and causing widespread flooding and infrastructure damage. While the insured and economic damages associated

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How de-globalization will generate $33 billion in commercial premiums

September 9, 2022 by David Gambrill

Countries are starting to restructure their supply chains, a ‘de-globalizing’ phenomenon that could generate $33 billion in new global commercial P&C insurance premiums over the next four years, Swiss Re predicted. In one example, ‘re-shoring’ supply chains means moving commercial

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Brokers: Do your clients have the right amount of vehicle loss-of-use coverage?

August 30, 2022 by Jason Contant

Although supply chain issues show some signs of easing, these challenges are still causing lengthy repair times for vehicles that extend well past standard loss-of-use coverage. In other words, clients may need to pay out of pocket for months’ worth

Taiwan military conducting live-fire drills
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How China-Taiwan tensions are affecting Canada’s supply chain

August 15, 2022 by Jason Contant

Although there has been some easing in supply chain issues around the world, other disruptions are coming into play, a marine expert from Allianz Global Corporate & Specialty (AGCS) told Canadian Underwriter in an interview. One major disruption is escalating

New car inventory in parking lot
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July auto sales in Canada down 16% from last year as shortages persist

August 5, 2022 The Canadian Press

TORONTO – DesRosiers Automotive Consultants says Canadian auto sales were down 16.2 per cent in July compared with a year earlier because of a shortage of available vehicles. The consultancy estimates 130,480 new light vehicles sold in the month as

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Bank of Canada surveys suggest business and consumer inflation expectations up

July 4, 2022 Craig Wong - THE CANADIAN PRESS

OTTAWA – A pair of new reports from the Bank of Canada point to rising inflation expectations by Canadian businesses and consumers. In its business outlook survey released Monday, the central bank said businesses’ expectations for near-term inflation have increased,

The word 'inflation' on a keyboard with a Canada flag
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Businesses bracing for high inflation to stick around over next two years: survey

April 4, 2022 Adena Ali - THE CANADIAN PRESS

The Bank of Canada said Monday that Canadian businesses expect average inflation to remain elevated over the next two years, but see interest rate moves and better supply chains cooling things off longer term. The central bank’s latest Business Outlook

Manufacturing plant
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Manufacturers look to budget for help on supply chain problems, domestic production

April 1, 2022 Jordan Press - THE CANADIAN PRESS

OTTAWA – The federal Liberals are being asked to muscle space in next week’s budget to help Canada become more productive, and lay investments to lure new companies as part of a push to simplify pandemic-strained supply chains. For years,

Large distribution centre with many trucks
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How supply chain back-ups are contributing to cargo theft

March 9, 2022 by Jason Contant

Supply chain disruptions and back-ups due to COVID-19 and other factors (such as a shortage of drivers or trucks to deliver product) are contributing to concerns around cargo theft, a transportation industry expert says. “When you have more [cargo] that’s

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Truckers say vaccine requirement for crossing border will exact economic toll

January 12, 2022 Christopher Reynolds - THE CANADIAN PRESS

MONTREAL – Truckers are warning that a Jan. 15 deadline requiring them to be vaccinated in order to enter Canada will put additional strain on supply chains amid the latest COVID-19 surge and severe worker shortages. As of Saturday, truck

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Key B.C. highway reopens to truck traffic after flood damage; rebuilds supply chains

December 21, 2021 The Canadian Press

VANCOUVER – British Columbia’s “hobbled” supply chains received a major boost with the reopening of the primary transport route for goods heading to and from Metro Vancouver, a spokesman for the trucking industry said. The Coquihalla Highway between Hope and

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Why a short-term approach to talent management doesn’t work anymore

November 26, 2021 by Jason Contant

It’s time employers get better at sourcing their own talent and actively developing their employees’ skills, two authors wrote in a blog from Harvard Business Review. “For decades, companies have adopted a short-term, ad hoc approach to talent management —