Found 7 blog entries tagged as Mario Toneguzzi.

Calgary’s Resale Housing Market: The Overview

By Mario Toneguzzi

It won’t be another record year in 2022 for Calgary’s resale housing market but MLS activity is expected to remain stronger than levels experienced in recent years.\

Ann-Marie Lurie, the Calgary Real Estate Board’s Chief Economist, is forecasting overall prices in the residential market to increase by 4.46 per cent in 2022 compared to last year’s hike of 8.25 per cent with overall sales dipping to 25,598 from the record high of 27,686 in 2021.

In her annual forecast report, Lurie says the residential real estate market in the Calgary region is being supported by strong economic fundamentals.

Citing the Conference Board of Canada, Lurie says Alberta can expect annual GDP…

346 Views, 0 Comments

Read Full Post

ALBERTA’S ECONOMY: Hope on the Horizon

By Mario Toneguzzi

Everyone knows Alberta’s economy has gone through some tough and challenging times in recent years beginning with the collapse in oil prices in late 2014 and continuing on to the current ongoing COVID-19 pandemic. But there is hope on the horizon – a light at the end of the tunnel – as the province is currently experiencing a firm, but still slow, economic recovery. According to the Alberta government’s mid-year fiscal update, the province’s real gross domestic product (GDP) is forecast to grow 6.1 per cent this year after contracting 7.9 per cent last year. “Next year, real GDP is forecast to expand 5.1 per cent and return to 2014 levels as the pandemic subsides further and the recovery…

348 Views, 0 Comments

Read Full Post

INGREDIENTS FOR SUCCESS - SPOLUMBO'S ITALIAN DELI

By Mario Toneguzzi

The ingredients for any business success are quite simple – sell a good product at the right price point and offer quality service.

But many companies, like Spolumbo’s Fine Foods & Deli, an institution in Calgary for three decades, have also recognized the importance of giving back to the community.

It’s the element that really elevates a venture from being a good company to a great one. 

For Spolumbo’s, the idea of supporting community has been part of the company’s DNA since day one.

“We’ve always had a huge soft spot for kids. As soon as we were able to at the beginning, we started picking our spots where we could help out with kids’ programs and kids’ sports.…

325 Views, 0 Comments

Read Full Post

Meet Doug Putman

By Mario Toneguzzi

At a time when many Canadian businesses were shuttering their operations due to the pandemic, Canadian serial entrepreneur Doug Putman was expanding his portfolio.

Through his company Putman Investments, he recently purchased Toys ‘R’ Us and Babies ‘R’ Us. He’s also owner of T.Kettle, Sunrise Records, FYE (For Your Entertainment), Alex Brands, HMV Retail Ltd (UK), The Granite Restaurant (Bancroft, Ontario), Makin Waves Marine (Bancroft) and Everest Toys (Hamilton).

Despite the brutal economic challenges out there in recent times, Putman is positive and looking at further acquisitions in the near future.

“I think everyone has learned how to be a lot more nimble and to do a lot more with less whether…

343 Views, 0 Comments

Read Full Post

By Mario Toneguzzi

Manjit Minhas, one of the most successful and most recognized entrepreneurs in
Canada, has a key message for business owners across the country during these tough
economic times brought on by the pandemic.

Innovation and collaboration are extremely important in navigating the choppy waters
that came through the storm.

“Understand we will get out of it but it’s important you try to get out of this stronger with
understanding your finances, becoming more efficient, maybe understanding your own
business better, what’s working and what’s not. And whether there’s some other
potential – whether that be short term or long term,” says the co-founder and co-owner
of Minhas Breweries, Distillery and Wineries and a Dragon on the popular…

321 Views, 0 Comments

Read Full Post

MODERN MINING - Mining the Space of the Crypto Market

By Mario Toneguzzi

Modern Mining, a unique Bitcoin mining company, has been established in Calgary with plans to build a flagship facility in Medicine Hat using 100 per cent immersion cooling technology and the most efficient mining hardware in the world.

The company is being operated by Shawn Banack, Chief Executive Officer, Jason McCagherty, Chief Operating Officer, Ryan Chernesky, Chief Financial Officer and Sebastian Elawny, Chief Legal Officer.

“All four of us – the directors that got together – have been involved in crypto (currency) for several years,” says Chernesky. “I started in early 2017. I heard about Bitcoin years before that but like most people didn’t think too much of…

291 Views, 0 Comments

Read Full Post

SOKO – Getting Local with SOKO

By Mario Toneguzzi

Successful Calgary entrepreneur Nikhil Sonpal got his inspiration for a new venture after the traumatic experience of a cycling accident.

The mishap landed him with two broken ribs.

While recuperating from his injuries, Sonpal was trying to find local products but was having a difficult time doing that online.

That’s when the idea of SokoLocal came to mind – a new local product search engine. And the idea has been wildly successful being launched in the trying times of a pandemic and ongoing economic turmoil. The search engine hit one million products on June 1 after launching March 1. As of mid June, it was 1.5 million products.

“Our focus has really been my focus predominantly to give…

319 Views, 0 Comments

Read Full Post