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What to Look for in an Influencer Marketing Company in Canada

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Canadian marketers ranked influencer marketing as one of the most effective marketing approaches in 2017. Five years and one pandemic later, social media has never been more powerful as a marketing tool.

Canadians flocked to social media as lockdowns forced them inside, spending their isolation scrolling through Instagram and Twitter.

Even now, engagement remains strong. Shelter-in-place habits are hard to break as restrictions lift, so it’s no surprise that your company wants to capitalize on this growing opportunity.

The question becomes, how can you find the right Instagrammers with enthusiastic followers?

That’s where experienced influencer marketing agencies can help. These professionals already have a dependable network of Instagrammers who can deliver the best possible results.

Here’s what to look for when signing on with an agency.

Fewer Followers

While it may be tempting to push all your budget towards one huge account with an impressive number of followers, reason dictates you should opt for an agency that partners with nano influencers, like the Canadian Peersway agency.

The Peersway influencer agency in Canada sticks with Instagrammers with fewer than 10,000 followers. At 10K, these content creators boast greater engagement rates than more popular accounts.

Unlike Cristiano Ronaldo and Kylie Jenner, each boasting 416 million and 320 million followers respectfully, nano influencers have a much smaller circle of influence. Their follower counts fall somewhere between 1K and 10K.

With numbers like these, nano content creators are the ordinary people of Instagram. They could be your old friend from university, a co-worker who likes to bake in their spare time, or simply someone who has a makeup aesthetic that you envy.

Their small-fry familiarity is their appeal. It makes them way more accessible and relatable than millionaires.

As a result, their endorsements don’t come across as canned like Scott Disick’s embarrassing captioning mistake for Bootea products; it’s authentic advice their followers are willing to follow.

Large Network of Vetted Influencers

Regardless of follower count, Instagrammers should always produce engaging content. An agency should vet each content creator carefully to ensure only the best are available on their platform. When comparing agencies, investigate how they find these connections when building a professional network.

Scalable Services

Another perk to working with nano Instagrammers is how affordable they can be. You can enlist roughly 15 nano influencers for the same cost as one macro influencer. To put that into greater perspective, you could work with well over 600 Instagrammers for the cost of one Kylie Jenner endorsement.

Of course, you can work with as few or as many of these nano Instagrammers to fit your unique needs and budget.

Fully Managed Campaigns

A Canadian influencer agency provides a white-glove service that takes care of every eventuality, so you can focus on your business. Not only will this save you considerable time and effort, but it also ensures an expert oversees everything.

Your campaign manager promises results within your budget while looking after the following tasks:

  • Source Instagrammers
  • Review content
  • Track and report on performance
  • Pay Instagrammers

An Impressive Track Record

Ultimately, you want to know that your campaign will be successful before you devote marketing dollars to it. So why bet on the unknown? Look for Canadian influencer agencies with long histories of impressive results. Be nosey — look at individual campaigns to see their engagement rates and ROI.

Bottom Line

Setting up endorsements and product mentions on social media is mission-critical to your marketing strategy today. But despite its popularity, influencer marketing can be a daunting proposition on your own.

Finding an agency that provides fully managed campaigns with nano content creators takes the guesswork out of this strategy. When you can trust your campaign manager, you can leverage Instagrammers on any budget.

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Canada Goose to get into eyewear through deal with Marchon

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TORONTO – Canada Goose Holdings Inc. says it has signed a deal that will result in the creation of its first eyewear collection.

The deal announced on Thursday by the Toronto-based luxury apparel company comes in the form of an exclusive, long-term global licensing agreement with Marchon Eyewear Inc.

The terms and value of the agreement were not disclosed, but Marchon produces eyewear for brands including Lacoste, Nike, Calvin Klein, Ferragamo, Longchamp and Zeiss.

Marchon plans to roll out both sunglasses and optical wear under the Canada Goose name next spring, starting in North America.

Canada Goose says the eyewear will be sold through optical retailers, department stores, Canada Goose shops and its website.

Canada Goose CEO Dani Reiss told The Canadian Press in August that he envisioned his company eventually expanding into eyewear and luggage.

This report by The Canadian Press was first published Sept. 19, 2024.

Companies in this story: (TSX:GOOS)

The Canadian Press. All rights reserved.

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A timeline of events in the bread price-fixing scandal

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Almost seven years since news broke of an alleged conspiracy to fix the price of packaged bread across Canada, the saga isn’t over: the Competition Bureau continues to investigate the companies that may have been involved, and two class-action lawsuits continue to work their way through the courts.

Here’s a timeline of key events in the bread price-fixing case.

Oct. 31, 2017: The Competition Bureau says it’s investigating allegations of bread price-fixing and that it was granted search warrants in the case. Several grocers confirm they are co-operating in the probe.

Dec. 19, 2017: Loblaw and George Weston say they participated in an “industry-wide price-fixing arrangement” to raise the price of packaged bread. The companies say they have been co-operating in the Competition Bureau’s investigation since March 2015, when they self-reported to the bureau upon discovering anti-competitive behaviour, and are receiving immunity from prosecution. They announce they are offering $25 gift cards to customers amid the ongoing investigation into alleged bread price-fixing.

Jan. 31, 2018: In court documents, the Competition Bureau says at least $1.50 was added to the price of a loaf of bread between about 2001 and 2016.

Dec. 20, 2019: A class-action lawsuit in a Quebec court against multiple grocers and food companies is certified against a number of companies allegedly involved in bread price-fixing, including Loblaw, George Weston, Metro, Sobeys, Walmart Canada, Canada Bread and Giant Tiger (which have all denied involvement, except for Loblaw and George Weston, which later settled with the plaintiffs).

Dec. 31, 2021: A class-action lawsuit in an Ontario court covering all Canadian residents except those in Quebec who bought packaged bread from a company named in the suit is certified against roughly the same group of companies.

June 21, 2023: Bakery giant Canada Bread Co. is fined $50 million after pleading guilty to four counts of price-fixing under the Competition Act as part of the Competition Bureau’s ongoing investigation.

Oct. 25 2023: Canada Bread files a statement of defence in the Ontario class action denying participating in the alleged conspiracy and saying any anti-competitive behaviour it participated in was at the direction and to the benefit of its then-majority owner Maple Leaf Foods, which is not a defendant in the case (neither is its current owner Grupo Bimbo). Maple Leaf calls Canada Bread’s accusations “baseless.”

Dec. 20, 2023: Metro files new documents in the Ontario class action accusing Loblaw and its parent company George Weston of conspiring to implicate it in the alleged scheme, denying involvement. Sobeys has made a similar claim. The two companies deny the allegations.

July 25, 2024: Loblaw and George Weston say they agreed to pay a combined $500 million to settle both the Ontario and Quebec class-action lawsuits. Loblaw’s share of the settlement includes a $96-million credit for the gift cards it gave out years earlier.

Sept. 12, 2024: Canada Bread files new documents in Ontario court as part of the class action, claiming Maple Leaf used it as a “shield” to avoid liability in the alleged scheme. Maple Leaf was a majority shareholder of Canada Bread until 2014, and the company claims it’s liable for any price-fixing activity. Maple Leaf refutes the claims.

This report by The Canadian Press was first published Sept. 19, 2024.

Companies in this story: (TSX:L, TSX:MFI, TSX:MRU, TSX:EMP.A, TSX:WN)

The Canadian Press. All rights reserved.

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TD CEO to retire next year, takes responsibility for money laundering failures

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TORONTO – TD Bank Group, which is mired in a money laundering scandal in the U.S., says chief executive Bharat Masrani will retire next year.

Masrani, who will retire officially on April 10, 2025, says the bank’s, “anti-money laundering challenges,” took place on his watch and he takes full responsibility.

The bank named Raymond Chun, TD’s group head, Canadian personal banking, as his successor.

As part of a transition plan, Chun will become chief operating officer on Nov. 1 before taking over the top job when Masrani steps down at the bank’s annual meeting next year.

TD also announced that Riaz Ahmed, group head, wholesale banking and president and CEO of TD Securities, will retire at the end of January 2025.

TD has taken billions in charges related to ongoing U.S. investigations into the failure of its anti-money laundering program.

This report by The Canadian Press was first published Sept. 19, 2024.

Companies in this story: (TSX:TD)

The Canadian Press. All rights reserved.

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