Canadians are hooked Time spent online nearly doubles as mobile devices and

TORONTO — As Canadians continue to get hooked on their smartphones, tablets and streaming video they’re almost doubling the amount of time they spend online, according to measurement firm comScore.As of August, there were about 27.8 million Canadian adults accessing the Internet with a computer, comScore reports. On average, they spent almost 39 hours a month browsing the web with a desktop or laptop.But when accounting for watching Internet video and using mobile devices, the average time spent online shot up to nearly 75 hours a month, or about 2.5 hours a day.We’re seeing extremely large growth“We’re seeing extremely large growth,” says comScore vice president of sales Bryan Segal.“It really points to the fact of how much impact — in terms of engagement and time spent — that mobile is having on what we traditionally looked at as a PC world.”Canadians in the 25-to-34 demographic were seen to be spending the most time online, averaging around 110 hours a month across various devices. Only about 50 of those hours were linked to web browsing on a computer.The oldest Canadians tracked by comScore, ages 55 and older, were spending just 20 or so hours with a mobile device or streaming video a month. The bulk of their online hours were devoted to web browsing on a computer.Struggle to teach students ’21st century skills’ when classroom technology isn’t up to speedDitching your wallet wholesale for plastic cards and mobile payments may be a bad idea, say financial advisersThe use of mobile apps is really driving the spike in Canadians’ online time, comScore says.It’s estimated that Canadians who own smartphones and tablets are now spending about 43% of their overall online time within an app.And app usage accounts for over 80% of the time Canadians spend online with a mobile device, versus just 20% spent using a web browser.Men are slightly more likely to use mobile apps, according to comScore, but women spend more time with their favourite apps.Similarly, men are more likely to use a mobile device’s web browser but women spend more time using it. As of June, comScore counted 18 million smartphones in Canada (a 12% increase from June 2013) and 7.8 million tablets (up 37% in a year).About 78% of all Canadians owning a cellphone were using a smartphone, which was second highest among the countries comScore tracks (behind Spain and ahead of the United Kingdom, the United States and Italy).About 4% of Canadian Internet users — or around 1.3 million people — now strictly use mobile devices to go online and no longer use a laptop or desktop, comScore says. read more

Read More

Changes in value of units behind big swings in net profit Boston

Changes in value of units behind big swings in net profit: Boston Pizza AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email by The Canadian Press Posted Feb 7, 2013 11:03 am MDT VANCOUVER – Boston Pizza Royalties Income Fund (TSX:BPF.UN) is reporting a big increase in fourth-quarter net profit, but a similarly large decline in full-year net earnings.However, the Vancouver-based franchisor of casual dining restaurants says that in both cases the numbers don’t accurately reflect the company’s business operations or ability to pay distributions to unitholders.Boston Pizza reported net income of $4.3 million, or 23 cents per diluted unit, for the most recent quarter, up from $300,000, or two cents per unit, in the final quarter of 2011.Total revenues rose to $7.86 million from $7.55 million amid a four per cent increase in royalty revenue on franchise sales.Full-year net earnings, however, fell to $2 million, or 14 cents per diluted unit, on total revenue of $31.1 million, down from $15.6 million, or $1.06 per unit, on revenue of $29.8 million.Boston Pizza said net profit numbers in both the Q4 and full-year periods were mainly driven by the changes in fair value adjustments on the class B units of Boston Pizza Royalties Limited Partnership.It posted a $633,000 gain on the fair value adjustment of the units in the most recent period versus a $3.3-million loss in the 2011 quarter, while on a full-year basis it posted an almost $14.9-million value adjustment loss, versus a $731,000 loss the prior year.Same store sales growth, a key driver of distribution growth for unitholders of the fund, was 2.2 per cent for the fourth quarter and 3.3 per cent for the year, compared with an increase of 6.4 per cent in prior-year’s final quarter and 4.9 per cent for all of 2011.“2012 was another strong year for Boston Pizza with record top-line sales and seven new restaurant openings,” said president and CEO Mark Pacinda.Boston Pizza says the non-IFRS metrics of distributed cash and payout ratio are a better measure of the company’s operations.Distributable cash was $4.5 million, or 30.3 cents per unit, in the latest quarter and $17.4 million, or $1.18 per unit, for the year, while the fund’s payout ratios were 98.7 and 99.3 per cent respectively.That compared with distributable cash of $4.1 million, or 28.1 cents per unit, in Q4 last year and $16.1 million, or $1.10 per unit, for all of 2011 when respective payout ratios were 10.9 and 8.0 per cent.On the Toronto Stock Exchange, Boston Pizza units were down 17 cents at $19.92 in morning trading Thursday. read more

Read More