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More Than A Quarter Of Canadians ‘In Debt Denial,' Survey Finds

(3) Comments | Posted March 2, 2015 | 12:59 PM

As consumer debt continues to expand, a new study finds many Canadians have a rosier view of their debt situation than they should.

Consumer credit site RateSupermarket polled more than 6,000 Canadians on their perceptions of their debt, and found that 27.5 per cent “are wrong in how...

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Meet Canada's Trillion-Dollar Banks

(4) Comments | Posted March 2, 2015 | 12:57 PM

There’s a new top dog among Canada’s banks, but this dog is used to being number one.

Royal Bank of Canada has edged out TD Bank as the country’s largest bank by assets, and both financial institutions have passed a significant milestone, becoming the first Canadian banks with total assets...

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'The Wedge,' A 47-Inch-Wide House, Goes On Sale In Scotland

(0) Comments | Posted March 2, 2015 | 8:30 AM

The tiny condo phenomenon is taking hold in Toronto and Vancouver, but in many parts of Europe, they’ve been making an art out of living in tiny spaces for generations.

Take, for instance, this house for sale in Scotland that has a frontage that’s 47 inches...

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The Surprising Places Where Canada Is Creating Jobs

(15) Comments | Posted February 28, 2015 | 5:20 PM

Canada’s job market may not be struggling quite as badly as recent reports suggest, according to new numbers from StatsCan.

The agency’s labour force survey, released last month, found Canada lost 4,300 jobs in December, but an alternate measure released this week says the country actually added 21,800 jobs that...

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Irving Kahn, Money Manager Who Shorted The '29 Crash, Dies At 109

(2) Comments | Posted February 27, 2015 | 12:05 PM

Irving Kahn, a renowned New York investor who turned a profit shorting the stock market crash of 1929, has died at 109.

Kahn, who came from a family so famed for its longevity that it was the subject of scientific research, was active in the markets until his...

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Bought Electronics In Canada From ‘99 To '02? You Have $20 (Or More) Coming

(4) Comments | Posted February 26, 2015 | 5:21 PM

Just about anyone who bought electronics in Canada between 1999 and 2002 can file for a minimum $20 rebate, thanks to the settlement of numerous class-action lawsuits involving the price-fixing of electronics.

The lawsuits stemmed from allegations that, between 1999 and 2002, manufacturers of dynamic random access memory (DRAM) had...

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Ashley Madison Takes Partial Credit For Ending South Korea's Adultery Ban

(1) Comments | Posted February 26, 2015 | 3:37 PM

  • 35,000 people jailed for cheating on spouses since 1985
  • Condom makers’ stocks soar after ruling

A Canadian website for people looking to cheat on their spouses is taking partial credit for the abolition of a South Korean law that made adultery illegal.

South Korea’s Constitutional Court on Thursday...

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U.S. May Use Keystone To Push Canada Into A Climate Deal

(33) Comments | Posted February 26, 2015 | 1:03 PM

U.S. officials are hinting that the price of getting approval for the Keystone XL pipeline could be Canada’s agreement to a deal on greenhouse gas emissions.

According to an unnamed U.S. official, Obama administration climate negotiators have told Canadian officials that President Barack Obama may make Canada’s plans...

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Ezra Levant Is Crowdfunding A News Studio

(139) Comments | Posted February 25, 2015 | 4:54 PM

Would you pay $1,000 to speak with Ezra Levant or Brian Lilley for 15 minutes about the day’s top news stories?

How about $250 for a Google hangout with same?

Those are some of the “perks” being offered to donors to Ezra Levant’s crowdfunding campaign to build a news studio...

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Ad Mocking Harper Over CBC Cuts Rejected By All Networks, FCB Says, But..

(69) Comments | Posted February 25, 2015 | 4:21 PM

The public interest group Friends of Canadian Broadcasting (FCB) says no major TV station owners in Canada are willing to run an ad it has produced criticizing the Harper government for its approach to the CBC.

But at least one major broadcaster is disputing the claim, saying they did indeed...

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Michael Bloomberg's Keystone XL Solution Won't Be Music To Harper's Ears

(8) Comments | Posted February 25, 2015 | 11:55 AM

Business magnate and former New York mayor Michael Bloomberg has proposed a solution to the Keystone XL pipeline impasse — but it likely won’t be music to Prime Minister Stephen Harper’s ears, or to the ears of many climate activists.

In an editorial published at the news service...

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Oilsands Could Lose $121 Billion If Prices Stay Low: Analyst

(46) Comments | Posted February 24, 2015 | 3:20 PM

The amount of money flowing into Canada’s oilsands will drop by nearly two-thirds in the next few years, but prices are just high enough to keep production rolling, says a new analysis from Wood Mackenzie.

The U.K.-based energy research firm estimates that the 32 commercial oilsands projects it surveyed will...

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Unsold Condos In Toronto At 21-Year High

(13) Comments | Posted February 24, 2015 | 11:59 AM

  • Montreal, other cities seeing a supply glut
  • Prices not coming down as much as sales

The number of unsold condos in the Toronto housing market has spiked to a 21-year high, raising new concerns about a possible condo glut in Canada’s largest housing market.

A record 10,368 condos...

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High-Paying Jobs In Canada That Don't Need A Degree

(31) Comments | Posted February 24, 2015 | 8:17 AM

The evidence is clear that you’re better off having a university degree than not, but academia isn’t for everybody, and if you’re not the bookish kind, you can still find reasonably well paid employment out there.

Job-search site Workopolis has put together a survey of high-paying...

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Bell Canada Seeks Reversal Of CRTC's Net Neutrality Ruling In Federal Court

(20) Comments | Posted February 23, 2015 | 12:04 PM

Bell Canada has gone to court to overturn a ruling from Canada’s telecom watchdog that requires the media giant to price competing streaming services at the same rates as its own.

The Canadian Radio-Television and Telecommunications Commission (CRTC) ruled last month that Bell had been “unlawfully” setting a...

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Hollywood's Richest Moguls: Forget The Oscars, These Are Tinseltown's Real Winners

(2) Comments | Posted February 22, 2015 | 11:33 AM

Oscars statuettes are nice and all, but everyone knows the real winners in Hollywood are the people controlling the purse strings.

Ahead of this Sunday’s Academy Awards, financial intel firm Wealth-X has put together a list of the richest Hollywood moguls -- the directors and producers who make Tinseltown go...

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CNRL's Steve Laut Says Oilsands Face 'Death Spiral' If They Don't Cut Costs

(119) Comments | Posted February 20, 2015 | 12:30 PM

As the world’s oil glut continues to build, wiping out hopes of a price recovery, the head of one of Canada’s largest oilsands operators is warning the industry faces a “death spiral” if it doesn’t figure out how to cut costs.

Speaking before the Chamber of Commerce in Fort McMurray,...

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Condo Prices ‘Will Take A Serious Hit' If Maintenance Fees Unchecked

(7) Comments | Posted February 19, 2015 | 1:05 PM

For many urban Canadians, the condo has become the only affordable housing option. But with condos come maintenance fees, and the people behind a new analysis say rising fees could threaten the value of many condo owners’ homes.

Average maintenance fees in Toronto, the country’s largest condo market, have been...

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Ezra Levant's 'The Rebel' Launches From Commentator's Living Room

(215) Comments | Posted February 19, 2015 | 8:45 AM

“Still reeling” from the shutdown of Sun News last week, commentator Ezra Levant has launched his own conservative news site.

TheRebel.media has been live for only a few days but already lists several former Sun News pesonalities among its contributors, including Brian Lilley and Michael Coren.

Levant says...

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Canada's Oil Industry ‘In Near-Death Condition,' Russian State-Owned Rosneft Says

(19) Comments | Posted February 18, 2015 | 11:56 AM

Russian state-owned energy giant Rosneft is responding to sanctions slapped on it by the Harper government by talking down Canada’s oil industry.

"In Canada the [oil] industry is in a near-death condition,” Rosneft spokesperson Mikhail Leontiev told the Russian News Service, as quoted at the Moscow Times.

“This...

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