Sheridan College, with campuses in Oakville, Mississauga and Brampton, is the No. 1 ranked employer in Canada according to Forbes’ annual list of Canada’s Best Employers. SHERIDAN COLLEGE IMAGE
When it comes to the best place to work in the country, Sheridan College, with campuses in Oakville, Brampton and Mississauga, tops the list.
That’s according to a Forbes’ annual list of Canada’s Best Employers released on Thursday (Jan. 25).
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Forbes partnered with the market research firm Statista to compile the list of the top 300 employers using ranking based on a survey of more than 12,000 Canadians working for companies and institutions with at least 500 employees.
Participants were asked to rate how likely they were to recommend their current employer, and could recommend employers other than their own.
Founded in 1967, Sheridan College has over 3,380 employees and educates nearly 40,000 students from across the country and world.
The educational facility offers over 130 academic programs and also includes the Sheridan Centre for Elder Research, focused on developing and testing quality of life improvements for senior citizens and their families.
Carlton University, at No. 6, was the only other post-secondary institution to place in the Top 10 on the 2023 Forbes list.
“This is an incredible achievement for Sheridan. We’ve always been proud to be recognized by Forbes as an employer of choice,” said Dr. Janet Morrison, President and Vice Chancellor of Sheridan College. “To finish at the top of the list, in only our second top 10 ranking, confirms that our commitment to developing a work culture where innovative risk-taking, collaboration and life-long learning thrive is the right path forward.
“This honour belongs to our dedicated employees who are one of Sheridan’s greatest assets.”
This is the second time recently the local college was recognized by Forbes.
In 2022, Sheridan was named to the Forbes’ list of Canada’s Best Employers For Diversity. It ranked No. 10, highest of any Canadian college.
Placing second behind Sheridan College on the list of Canada’s Best Employers was the Canadian Mental Health Association in Toronto with 5,000 employees, while the Keg Steakhouse & Bar, with 10,400 employees and based out of Richmond, British Columbia, was third.
To see the complete Top 300 list of Canada’s Best Employers, visit here.
CALGARY – TC Energy Corp. has lowered the estimated cost of its Southeast Gateway pipeline project in Mexico.
It says it now expects the project to cost between US$3.9 billion and US$4.1 billion compared with its original estimate of US$4.5 billion.
The change came as the company reported a third-quarter profit attributable to common shareholders of C$1.46 billion or $1.40 per share compared with a loss of C$197 million or 19 cents per share in the same quarter last year.
Revenue for the quarter ended Sept. 30 totalled C$4.08 billion, up from C$3.94 billion in the third quarter of 2023.
TC Energy says its comparable earnings for its latest quarter amounted to C$1.03 per share compared with C$1.00 per share a year earlier.
The average analyst estimate had been for a profit of 95 cents per share, according to LSEG Data & Analytics.
This report by The Canadian Press was first published Nov. 7, 2024.
BCE Inc. reported a loss in its latest quarter as it recorded $2.11 billion in asset impairment charges, mainly related to Bell Media’s TV and radio properties.
The company says its net loss attributable to common shareholders amounted to $1.24 billion or $1.36 per share for the quarter ended Sept. 30 compared with a profit of $640 million or 70 cents per share a year earlier.
On an adjusted basis, BCE says it earned 75 cents per share in its latest quarter compared with an adjusted profit of 81 cents per share in the same quarter last year.
“Bell’s results for the third quarter demonstrate that we are disciplined in our pursuit of profitable growth in an intensely competitive environment,” BCE chief executive Mirko Bibic said in a statement.
“Our focus this quarter, and throughout 2024, has been to attract higher-margin subscribers and reduce costs to help offset short-term revenue impacts from sustained competitive pricing pressures, slow economic growth and a media advertising market that is in transition.”
Operating revenue for the quarter totalled $5.97 billion, down from $6.08 billion in its third quarter of 2023.
BCE also said it now expects its revenue for 2024 to fall about 1.5 per cent compared with earlier guidance for an increase of zero to four per cent.
The company says the change comes as it faces lower-than-anticipated wireless product revenue and sustained pressure on wireless prices.
BCE added 33,111 net postpaid mobile phone subscribers, down 76.8 per cent from the same period last year, which was the company’s second-best performance on the metric since 2010.
It says the drop was driven by higher customer churn — a measure of subscribers who cancelled their service — amid greater competitive activity and promotional offer intensity. BCE’s monthly churn rate for the category was 1.28 per cent, up from 1.1 per cent during its previous third quarter.
The company also saw 11.6 per cent fewer gross subscriber activations “due to more targeted promotional offers and mobile device discounting compared to last year.”
Bell’s wireless mobile phone average revenue per user was $58.26, down 3.4 per cent from $60.28 in the third quarter of the prior year.
This report by The Canadian Press was first published Nov. 7, 2024.
TORONTO – Canada Goose Holdings Inc. trimmed its financial guidance as it reported its second-quarter revenue fell compared with a year ago.
The luxury clothing company says revenue for the quarter ended Sept. 29 totalled $267.8 million, down from $281.1 million in the same quarter last year.
Net income attributable to shareholders amounted to $5.4 million or six cents per diluted share, up from $3.9 million or four cents per diluted share a year earlier.
On an adjusted basis, Canada Goose says it earned five cents per diluted share in its latest quarter compared with an adjusted profit of 16 cents per diluted share a year earlier.
In its outlook, Canada Goose says it now expects total revenue for its full financial year to show a low-single-digit percentage decrease to low-single-digit percentage increase compared with earlier guidance for a low-single-digit increase.
It also says it now expects its adjusted net income per diluted share to show a mid-single-digit percentage increase compared with earlier guidance for a percentage increase in the mid-teens.
This report by The Canadian Press was first published Nov. 7, 2024.
