Also, six of the group’s albums re-entered the Billboard Canadian Albums chart. In the week following his death, The Tragically Hip’s overall consumption increased by 1,000% over the previous week. The passing of Gord Downie captured the nation’s attention.1 albums on the Billboard Canadian Albums chart in 2017 including The Weeknd’s Starboy, Drake’s More Life, Arcade Fire’s Everything Now, Shania Twain’s Now, Pierre Lapointe’s La Science Du Coeur and Gord Downie’s Introduce Yourself. Justin Bieber collaborated with other artists on four top five songs in 2017, despite not releasing his own album.1 on the Billboard Canadian Hot 100 and ended the year as the second most-streamed song. Luis Fonsi & Daddy Yankee’s “Despacito” became the first Latin single to reach No.1 on the Billboard Canadian Hot 100 and remained in the top 20 for 50 weeks. His “Shape Of You” single spent 16 weeks at No. Ed Sheeran led all artists in Canada with overall consumption and had the top selling album of the year with Divide.Highlights from the 2017 Canada Music Year-End Report include: Overall, seven of the year’s 10 most-streamed artists in Canada came from the R&B/Hip-Hop genre. The genre introduced us to new Canadian acts such as Daniel Caesar and Nav, who found success on both sides of the border. R&B/Hip-Hop was Canada’s fastest-growing music genre of the year, with an 86% increase in audio on-demand streaming consumption over 2016. Audio on-demand streaming offset decreases in track and album sales, and on December 3, for the first time in history, surpassed the 900 million per week mark. Overall consumption of albums, songs and audio on-demand streaming grew 13.6% year over year. In a statement issued on Thursday the SBCI said it plans to announce new on-lending partners shortly to add to its seven existing partners including AIB, Bank of Ireland and Ulster Bank.Īt the beginning of June the organisation released its annual report which highlighted an operating loss of €1.6 million, down from the previous year’s deficit of €3.7 million, and an increase in operating expenses to €4.8 million – up from €4.4 million the previous year.Ĭommenting on the group’s operating loss, Mr Ashmore wrote in the annual report that it is due to “the lag in the generation of income as our on-lender partners come on board and draw down funds”.The music industry in Canada has never been stronger with record consumption, growing live music attendance and a new class of emerging artists. “The southwest showed the most SMEs using SBCI loans with over 18 per cent of loan numbers by region, while Dublin accounted for 14.8 per cent,” he added. “These figures demonstrate the SBCI’s strong impact and the significant appetite among Irish SMEs, including farmers, for lower-cost funding that is more flexible and designed to suit their specific needs,” said Nick Ashmore, the organisation’s chief executive. The corporation’s lending currently supports more than 106,000 jobs in the state.Ī scheme launched in January for agri-business SMEs accounted for €118 million worth of lending to more than 3,500 businesses in the agricultural sector. SMEs save an average of 1.15 per cent compared to market interest rates when using an SBCI loan. The State-owned Strategic Banking Corporation of Ireland (SBCI) supported loans worth €311 million in the first six months of this year.īy the end of June 2017 the organisation had supported loans totalling €855 million to more than 21,000 Irish small-to-medium enterprises (SMEs)