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What to Consider When Choosing a Logistics Company in Canada

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Logistics plays an integral role in any Canadian company’s supply chain efforts, no matter your industry. As a company or a corporate leader, having a logistics partner at your side that understands the details and nuances of seamless deliveries, warehousing, and distribution is essential to your company’s success.

When it comes to finding the right logistics partner in Canada to take you through the entire shipping and transportation process, there are several important characteristics to consider before signing on the dotted line. In this article, we’ll help you narrow down your choices by offering a list of qualities, characteristics, and general aspects to consider so that you can ensure your business is operating as seamlessly as possible.

Company Reputation

No matter what you’re hiring for, corporate reputation will tell you everything you need to know about the company you’re going to potentially hire. This is especially important in the logistics sector. Logistics is a complex sector; one that requires the utmost professionalism, organization, and transparency.

As you’re looking for Canadian logistics partners, take the time to browse their reviews. It may even be helpful to prepare a list of questions to ask their team in advance — questions pertaining to their experience in the industry, how they’ve helped other businesses streamline their logistics, and how their previous customers have spoken about their services.

Customer Service

How and when a logistics company responds to their customers will likely tell you everything you need to know about their professionalism and reliability. You want to ensure the logistics team you’re working with is always available to troubleshoot and problem-solve.

The length of time until your messages are answered is a good initial test to conduct before you officially sign on with them. Companies like Metropolitan Logistics are known and respected in their industry for their prompt customer service, which gives their clients security and peace of mind knowing any questions or concerns will be immediately addressed. Look for these qualities in your next company.

Pricing Transparency

How a logistics company prices their services is indicative of how they operate in other aspects of its business. Logistics is a nuanced industry but should always be led with full transparency, especially when it comes to operating costs.

When you’re looking for a logistics company to help streamline your supply chain efforts, it’s important to look over their pricing structures and speak with their representatives about how they will price your custom services and their communication efforts. A company that does not add in hidden or unexpected fees to your contract or change their prices mid-way through your services is what you must strive for. Setting your expectations before you sign on with them will help ensure you’re able to enter your partnership without hesitation.

Conclusion

No matter what industry you’re operating in, whether it’s construction, transportation, retail or any number of other sectors, working with an experienced logistics company is an effective way to streamline your supply chain and build stronger customer relationships. Taking the time to adequately vet potential Canadian companies will help you ensure you choose the right partner and strengthen your overall business operations.

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RBC warns house price correction could be deepest in decades | CTV News – CTV News Toronto

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A housing correction, which has already led to four consecutive months of price declines in the previously overheated Greater Toronto Area market, could end up becoming “one of the deepest of the past half a century,” a new report from RBC warns.

New data released by the Toronto Regional Real Estate Board (TRREB) last week revealed that the average benchmark price for a home in the GTA fell six per cent month-over-month in July to $1,074,754.

Sales were also down a staggering 47 per cent from July, 2021.

In a report published on Aug. 4, RBC Senior Economist Robert Hogue said recent data from real estate boards underlines that higher interest rates are beginning to take a “huge toll” on the market.

Hogue said that with further hikes to come, prices will likely continue to slide in the coming months.

That prediction, it should be noted, goes against a report from Royal LePage last month which painted a rosier forecast for sellers in which values would more or less holding for the rest of the year following some declines in the second quarter.

“Our expectations for further hikes by the Bank of Canada—another 75 basis points to go in the overnight rate by the fall— will keep chilling the market in the months ahead,” Hogue said. “We expect the downturn to intensify and spread further as buyers take a wait-and-see approach while ascertaining the impact of higher lending rates. Canada’s least affordable markets Vancouver and Toronto, and their surrounding regions, are most at risk in light of their excessively stretched affordability and outsized price gains during the pandemic.”

The Bank of Canada has hiked the overnight lending rate by 225 basis points since March and has warned that further hikes will be necessary given that inflation remains at a near 40-year high.

In his report, Hogue pointed out that the housing correction “now runs far and wide across Canada” but he said that it is particularly pronounced in the costlier markets of Toronto and Vancouver.

In fact, Hogue said that housing resale activity in Toronto is at its slowest pace in 13 years, outside of the early days of the COVID-19 pandemic.

The stockpile of available homes is also up 58 per cent from a year ago, he noted.

“With more options to choose from and higher interest rates shrinking their purchasing budgets, buyers are able to extract meaningful price concessions from sellers,” he said, pointing out that the average price of a home in the GTA is down 13 per cent from March. “We expect buyers to remain on the defensive in the months ahead as they deal with rising interest rates and poor affordability.”

While Hogue did say that condos in the City of Toronto are likely to remain “relatively more resilient” he said that prices elsewhere will continue to fall for the time being, especially in the 905 belt “where property values soared during the pandemic.”

The July data from TRREB suggested that the average price of a home in the GTA was still up one per cent from July, 2021.

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Commuters face GO transit cancellations, possible strike – CityNews

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Canada Revenue Agency plans email blitz to get Canadians to cash outstanding cheques worth $1.4-billion – The Globe and Mail

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The Canada Revenue Agency (CRA) is planning a massive e-mail notification campaign to reach Canadians across the country who have uncashed cheques worth a net $1.4-billion.

The e-mail notifications will target recipients of the Canada child benefit and related provincial and territorial programs, as well as recipients of the GST/HST credits and the Alberta Energy Tax Refund.

The CRA said it plans to send approximately 25,000 e-mails in August, another 25,000 in November and a further 25,000 e-mails by May, 2023.

However, even without receiving an e-mail notification, the agency said a taxpayer can check if they have a cheque by logging into My Account, a secure portal on its website to check if they have an uncashed cheque over a period of six months. It added that representatives can also view uncashed cheques of their clients.

Each year, the CRA said it issues millions of payments to Canadian taxpayers in the form of refund benefits. These payments are issued by either direct deposit or by cheque.

“Over time, payments can remain uncashed for various reasons, such as the taxpayer misplacing the cheque or even a change of address which did not allow for delivery,” the agency said in a statement.

The CRA said since the e-mail notification initiative was first launched in February, 2020, about two million uncashed cheques valued at $802-million were redeemed by May 31, 2022.

The average amount per uncashed cheque is $158 with some of them dating as far back as 1998, the agency said.

As of May, 2022, there were an estimated 8.9 million uncashed cheques with the CRA. In May, 2019, about five million Canadians had an estimated 7.6 million uncashed cheques.

“As government cheques never expire or stale date, the CRA cannot void the original cheque and re-issue a new one unless requested by the taxpayer,” the statement read. “These upcoming e-notifications are to encourage taxpayers to cash any cheques they have in their possession.”

The agency said taxpayers can register for the direct deposit option on its website to receive payments directly into their bank accounts.

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