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Entries by Daniel Tencer

BMO: Provinces Will Take Back Three-Quarters Of Tories' Tax Cuts

(108) Comments | Posted March 30, 2015 | 12:17 PM

Prime Minister Stephen Harper is undoubtedly hoping that this year’s round of tax cuts and expanded family benefits will make Canadians feel richer as the country heads towards a fall election, but a new report from the Bank of Montreal suggests that may not pan out as hoped.

The Harper...

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Stephen Poloz: Canadian Economy ‘Will Look Atrocious' In First Quarter Of 2015

(57) Comments | Posted March 30, 2015 | 8:57 AM

Stephen Poloz is warning that Canada’s economy could miss even scaled-back expectations in the early part of this year, and has hinted the bank could implement extraordinary measures to fight the slump triggered by a collapse in oil prices.

In an interview with the U.K.’s Financial Times, the...

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Most Expensive Houses For Sale In Canada - March 2015 Edition

(1) Comments | Posted March 29, 2015 | 12:58 PM

Some of the most interesting properties in our latest survey of the most expensive houses for sale in Canada are in some pretty unexpected places.

Those who believe you can only live the one-percenter lifestyle in big cities should check out the amenities at this property near Saint John, N.B.,...

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Economists Fear Oil-Price ‘Contagion' Has Hit Canada's Economy

(49) Comments | Posted March 28, 2015 | 11:35 AM

  • ‘Unbelievable’ decline in oil drilling could impact banks, construction
  • Cost-cutting budgets in Alberta, Quebec will reduce economic growth
  • Analysts completely divided on where oil prices are headed now

Following some nasty recent surprises in Canada’s economic data, analysts are starting to sound more pessimistic about the country’s prospects...

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Quebec To Block Gambling Websites, Mulls Internet Tax

(22) Comments | Posted March 27, 2015 | 12:03 PM

The government of Quebec is planning to introduce a law that will require internet providers to block access to gambling websites, a move one prominent internet law expert calls “possibly illegal.”

As part of the provincial budget introduced yesterday, the provincial Liberal government of Premier Phillippe Couillard announced plans to...

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Suspicious ‘Bidding Wars' Lead To New Push For Transparency

(10) Comments | Posted March 26, 2015 | 1:45 PM

For years now we’ve been hearing stories about aggressive bidding wars for homes in cities like Toronto and Vancouver. Naturally, we assume it’s a sign of a hot housing market; After all, if buyers are falling over each other to buy a house, there must be a desperate shortage, right?

...
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Bill C-51 A Threat To Safety Of Internet Users, Firefox Maker Mozilla Says

(102) Comments | Posted March 26, 2015 | 9:07 AM

The Harper government’s anti-terrorism bill has a new opponent: The Firefox web browser.

The Mozilla project, the open-source software community behind the Firefox browser, has issued a statement urging the federal government not to go ahead with Bill C-51.

The bill’s move to broadly expand information sharing between governments and...

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CRTC Slams Bell Media Over Allegations It Attempted To Censor Coverage Of CRTC

(18) Comments | Posted March 25, 2015 | 2:29 PM

Bell Canada and the CRTC seem to be at war.

In what could well be an unprecedented move, Canada’s telecom regulator has publicly criticized Bell Media over reports its president attempted to censor coverage of a CRTC decision by Bell-owned CTV News.

Canada’s telecom regulator didn’t name Bell Media in...

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PlentyOfFish Hooks A $48,000 Fine Under Anti-Spam Law

(10) Comments | Posted March 25, 2015 | 12:16 PM

The Vancouver-based dating site PlentyOfFish.com has been fined $48,000 under Canada’s anti-spam legislation.

The CRTC, Canada’s telecom regulator, says the website sent commercial emails to subscribers “that did not contain an unsubscribe mechanism that was set out clearly and prominently, and that could be readily performed.”

The regulator reportedly...

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9 Countries Where People Have More Spending Cash Than Canadians

(42) Comments | Posted March 24, 2015 | 4:43 PM

We Canadians are among the wealthiest people in the world, but we aren’t the wealthiest.

A recent survey of disposable incomes around the world from relocation services site Movehub places Canada in the middle of the pack when it comes disposable incomes in the developed world.

Disposable income...

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These Are Canada's Most Charitable Cities

(4) Comments | Posted March 24, 2015 | 1:10 PM

Baby Boomers may be wealthier than their younger Gen-X counterparts, but more Gen-Xers actually give to charity, according to a survey of income tax filings.

Fully 25.4 per cent Gen-X tax-filers (born roughly between 1960 and the mid-70s) are claiming a contribution to charity for the 2014 tax year, compared...

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Falling Loonie Will Eat Up Your Gas Savings, TD Bank Says

(15) Comments | Posted March 24, 2015 | 12:02 PM

  • Canadians to save $800 on energy, dish out extra $600 on imports
  • Unemployment to jump to 7 per cent

Canadian consumers are seeing noticeably lower energy prices in the wake of the oil price collapse, but a new forecast from TD Bank says it won’t be much help...

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World's Favourite Beer: Canada Is Bud Country, Apparently

(21) Comments | Posted March 23, 2015 | 1:18 PM

Canadians like to make fun of the beer made by our southern neighbours (we've all heard that gem about why American beer is like sex on the beach), but maybe we do protest too much.

The beer and wine website Vinepair has put out a...

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Income-Splitting ‘Like Socialism For The Wealthy,' Former Harper Speechwriter Michael Taube Writes

(56) Comments | Posted March 23, 2015 | 9:10 AM

A former speechwriter for Prime Minister Stephen Harper says the Harper government’s income-splitting plan is “like socialism for the wealthy,” and is warning the Tories that the policy is bad politics.

“When you really think about income splitting, it’s the equivalent of state-run socialism for the wealthy,” Michael...

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Strip Clubs An Endangered Species In Canada: Insider

(28) Comments | Posted March 22, 2015 | 11:27 AM

In the age of easily accessible online porn, strip clubs just aren’t the draw they once were, and now an industry insider says the establishments are an endangered species in Canada.

Toronto had 63 strip clubs a decade ago, and is down to just 14, pointed out Tim Lambrinos, director...

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Canada's GDP Probably Down In January, CIBC Says After Disappointing Retail Data

(15) Comments | Posted March 20, 2015 | 12:19 PM

Canada’s economy likely shrank in January, CIBC said Friday following an unexpectedly negative reading on retail sales from Statistics Canada.

Retail sales fell 1.7 per cent in January, StatsCan reported, the second consecutive monthly decline. Analysts had been expecting a slowdown due to lower gas prices, but they...

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Court Ruling In TekSavvy Piracy Case A ‘Bad Message For Privacy'

(6) Comments | Posted March 19, 2015 | 3:38 PM

A court ruling in a long-running Canadian piracy case could convince internet providers not to fight for their subscribers’ privacy, a noted digital privacy expert says.

The Federal Court of Canada has ordered Hollywood film company Voltage Pictures to pay Ontario-based internet provider TekSavvy $22,000 to cover costs in Voltage’s...

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Honolulu Rumour: Obama Just Bought 'Magnum P.I.' House For $8.7 Million

(12) Comments | Posted March 19, 2015 | 1:06 PM

UPDATE 3/20/2015: The White House has denied that President Barack Obama was involved the purchase of the Oahu estate where "Magnum P.I." was filmed. Asked at a press briefing Friday if the Obamas were buying the house, a spokesperson said, "They are not."

Marty Nesbitt, a longtime friend of Obama's...

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Target Canada's Failure Translates Into $1.6-Billion Tax Break For Retailer

(9) Comments | Posted March 18, 2015 | 3:57 PM

Target lost some US$5.1 billion in all on its ill-fated Canadian venture, but Uncle Sam is softening some of the blow, to the tune of $1.6 billion.

That’s the size of the tax break Minneapolis-based Target expects to see in the U.S. this year as a result of its writedown...

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The Richest People In Each Province And Territory

(25) Comments | Posted March 18, 2015 | 12:10 PM

Wealthy Canadians may complain about taxes, but this seems to be a particularly good time to be rich in Canada.

The ranks of Canada’s super-rich are growing faster than they are in the U.S., and they are getting richer faster than their American counterparts, too, with wealth up 6.7 per...

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