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Canucks Making More Bucks

At Synergy Merchant Services, we make it a point to ensure that small to medium-sized business owners always have an alternative source of extra working capital to grow their businesses. After all, it is small and medium-sized business owners who have been credited for having a big hand in Canada’s economic recovery over the past couple of years.

Therefore, we feel that it’s important for our company to have a big hand in helping entrepreneurs throughout the nation build their businesses through expansion, renovations, advertising or any other venture they are interested in. It’s not always easy for these owners though.

We’re aware that some businesses are seasonal, and quite often there are ups and downs experienced by just about every business anyway. One cannot always count on making as much money one month as he or she did the previous month. But we’re happy that things seem to be moving upward in Canada, as of late.

You don’t have to take our word for it, either. Yesterday, QMI Agency released a report that found that Canadians are making more this summer than they were last year for doing the same amount of work. Statistics Canada, in fact, found that in all industries, there were higher earnings being made overall in 2011.

With the exception of farming, all sectors collectively showed an increase of 0.3 per cent in June for average weekly earnings. Stats also show that the average work week is 32.9 hours, which is the same amount from last year. Wages increased in every province although Saskatchewan and Prince Edward Island showed the slowest growth.

Alberta showed the greatest increase with the average weekly pay cheque climbing to more than $1040! According to StatsCan, “the best performing sectors in terms of pay raises were professional, scientific and technical services, as well as retail trade.” Canadians can only hope, of course, that this trend continues on into next year.

For business owners across Canada looking to make more money – perhaps to pay their employees these increased wages! – we encourage you to contact one of our licensed funding specialists. As always, they are happy to discuss with you the ways that a merchant cash advance can help you to grow your business and increase your wages!

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