Daniel Tencer
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Entries by Daniel Tencer

B.C. Liberals To ‘Get The Blame' As Vancouver Home Sales Plunge 85%

(255) Comments | Posted August 19, 2016 | 1:29 PM

B.C.’s Liberal government will likely take a political hit for their decision to impose a foreign buyer tax on the Greater Vancouver housing market, even though the city's housing correction began before the tax took effect, a report from Capital Economics says.

“We would be amazed if B.C.’s Finance Minister,...

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Joseph Stiglitz Urges Canada To Tax Profits On Rich People's Homes

(16) Comments | Posted August 18, 2016 | 3:18 PM

Canada should consider taxing uninhabited houses as well as profits from the sale of high-priced homes to reduce the risk of a housing bubble, Nobel-winning economist Joseph Stiglitz says.

Stiglitz, a former head of the World Bank and current adviser to Hillary Clinton’s presidential campaign, made his comments in

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Canada Beats U.S. On Women In Workforce, And Mat Leave May Be Why

(5) Comments | Posted August 18, 2016 | 12:12 PM

When it comes to women in the workforce, Canada and the U.S. are beginning to look like night and day.

In the 1990s, the share of women working in Canada was the same as the share in the U.S., with about 77 per cent of women aged 25 to 54...

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Millennial Debt Delinquencies Soaring In Canada, Equifax Report Says

(0) Comments | Posted August 18, 2016 | 8:54 AM

A new report from credit agency Equifax shows debt delinquencies continue to soar in Canada's oil-producing regions, but it also shows a troubling new trend: Canada's youngest debtors are increasingly having a hard time managing their debt.

The report, which looked at non-mortgage debt, found delinquencies spiked by 11.7 per...

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Oil And The Loonie Are Getting A Divorce

(57) Comments | Posted August 17, 2016 | 4:33 PM

Fairly or unfairly, global currency traders have long seen the Canadian dollar as a “petro-currency,” buying it up like hotcakes when oil prices are high, and ditching it like a hot potato when oil takes a dive.

But this loonie-oil marriage is beginning to come apart, at least for the...

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Meridian Vows Not To Be 'Hostage To Earnings' As It Launches National Bank

(0) Comments | Posted August 17, 2016 | 11:03 AM

An Ontario credit union with a penchant for eye-catching mortgage promotions is moving forward with plans to launch a national bank to compete with Canada’s Big Five.

Meridian Credit Union announced Wednesday that it plans to launch digital banking services nationwide in 2018, pending federal approval. And the...

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Get Used To Renting, CIBC Tells Torontonians

(45) Comments | Posted August 16, 2016 | 5:07 PM

An overwhelming majority of Toronto’s residents — including millennials — want to own a single-family home, according to a new study from Ryerson University.

For many those dreams will be dashed on the rocky shores of rising house prices, which the Ryerson study and a new...

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Legal Weed Spurs Real Estate Boom In U.S. States

(3) Comments | Posted August 15, 2016 | 4:08 PM

It's a sign of just how relaxed attitudes have become towards weed in states where it’s been legalized for recreational use: Home sellers in Oregon are reportedly featuring pics of marijuana and/or hemp plants in their ads, intentionally or otherwise.

NBC affiliate KGW in Portland, Ore., reported on...

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Canadian Housing ‘Close To Peak Crazy,' B.C. Faces Long Decline: Reports

(33) Comments | Posted August 15, 2016 | 12:30 PM

  • Vancouver sees sharpest drop in home sales of any city
  • National average price falls below half-million mark
  • Toronto to take over as real estate hotspot?

Many economists are ready to call a peak in Canada’s housing markets after the Canadian Real Estate Association reported Monday that sales fell...

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'Pokemon Go Administrator' Job Ad Proves The Game Is A Game-Changer

(4) Comments | Posted August 13, 2016 | 3:10 PM

The sharing economy is so last month. Welcome to the Pokemon Go economy, where you can make money playing the augmented-reality game.

In fact, being a Pokemon Go player is the only prerequisite for a job being advertised at Woodbine Entertainment Group, the company that runs Toronto’s Woodbine...

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If Reputation Were An Olympic Event, Canada Would Own The Podium

(198) Comments | Posted August 12, 2016 | 1:00 PM

Forget the Olympics — Canada’s real winning event is global reputation.

We have dominated the Reputation Institute’s Country RepTrak for years, placing first in four of the past six surveys — the only country to win gold more than once in that time.

In the latest survey, Canada fell to...

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Job Vacancy Numbers Fly In Face Of Liberals' Foreign-Worker Expansion

(218) Comments | Posted August 11, 2016 | 3:58 PM

The federal Liberals are preparing to loosen the rules for bringing in foreign workers to Canada, having heard from businesses that say they can’t find local workers to fill jobs.

But new numbers from Statistics Canada show that the labour shortage some employers have been complaining about is evaporating, even...

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Arianna Huffington Resigns As Editor-In-Chief Of Huffington Post

(8) Comments | Posted August 11, 2016 | 9:10 AM

After 11 years at the helm of The Huffington Post, Arianna Huffington is resigning as the news site’s editor-in-chief to focus on a new health and wellness company she’s starting up.

“This has been a very difficult decision, but in many ways an inevitable one,” Huffington told staffers in an...

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Liberals Aim To Open Floodgates To Chinese Migrants, Investment

(117) Comments | Posted August 10, 2016 | 5:21 PM

The federal Liberal government has embarked on a campaign to attract more Chinese investors and migrants to Canada, including temporary foreign workers.

The move, designed to give Canada’s economy a boost in the midst of a soft patch, comes as concerns grow that illicit cash from China is pumping...

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Ontario's Electricity Prices At Decades Low, But Bills Highest Ever: Researcher

(65) Comments | Posted August 10, 2016 | 12:39 PM

Climate activists have lauded Ontario’s green energy program, noting the province is the first jurisdiction in North America to eliminate coal-fired power plants — a move credited in part with nearly eliminating the province’s smog days.

But evidence is growing that Ontario’s success has come at a high price, one...

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Toronto Star Lays Off 52 Amid News Media's Seemingly Endless Decline

(0) Comments | Posted August 9, 2016 | 4:31 PM

The Toronto Star has laid off 52 people, including 45 newsroom employees, “in response to a decline in print advertising,” a spokesperson confirmed Tuesday.

Among the laid-off at the Star are 45 people in the newsroom, including 26 contract workers hired to work on the newspaper’s recently launched tablet edition,...

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U.S. Beats Canada On Jobs In Longest Winning Streak In A Quarter Century

(26) Comments | Posted August 9, 2016 | 2:50 PM

Something unusual is happening in North America’s economy: The U.S. and Canadian job markets are moving in opposite directions. And probably not in a way Canadians would like to see.

While Canada lost a painful 31,000 jobs in July, the U.S. added a stellar 255,000. The...

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Commuting By Plane Comes To Toronto, At A Price

(0) Comments | Posted August 9, 2016 | 12:15 PM

A Toronto airline that offers pricey “air taxi” services is launching a regular flight service to the Niagara Region.

Greater Toronto Airways announced Tuesday morning it’s launching flights from Toronto’s Billy Bishop Airport to Niagara District Airport, in St. Catharines, on Sept. 15. Flights will take less than 15 minutes,...

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Toronto Has One Of The World's Largest ‘Super-Rich Wealth Gaps': Study

(7) Comments | Posted August 9, 2016 | 9:14 AM

A growing gap between Toronto’s rich and poor can help explain how one of the country’s most progressive cities elected Rob Ford for mayor, says the co-author of a new study on billionaires.

Researchers have been saying for years Toronto is seeing an increase in inequality and a segmenting of...

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Walmart Vows Canada-Wide Visa Card Ban ‘In Coming Months,' But..

(151) Comments | Posted August 8, 2016 | 4:45 PM

It’s been three weeks since Walmart Canada launched a financial game of chicken with credit card issuer Visa, and stopped accepting the card at its Thunder Bay, Ont. locations.

Since then, the company has been very quiet about its plans to further roll out the Visa ban, prompting some observers...

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