Daniel Tencer
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Canada's Income Inequality May Be Larger Than Previously Thought: OECD Study

(9) Comments | Posted February 8, 2016 | 8:09 AM

The gap between rich and poor in Canada, and in many developed countries, is wider than previously thought, says a new study from the OECD.

Economists Nicolas Ruiz and Nicolas Woloszko argue in a new working paper that the existing data on income inequality is incomplete because it’s...

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Chip Wilson Rips Reporter For Being On ‘Jewish Standard Time,' Tells Media It's Not News

(4) Comments | Posted February 5, 2016 | 2:07 PM

Lululemon founder Chip Wilson doesn’t think his comment that a New York Times journalist is on “Jewish standard time” is newsworthy. In fact, as far as he’s concerned, it’s a media “manufactured fantasy.”

But we’ll just leave this article here and let you decide for yourself.

In

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Canada's Unemployment Rate Rises To 7.2% -- Largest Gap With U.S. Rate In 14 Years

(46) Comments | Posted February 5, 2016 | 8:39 AM

  • Alberta rate above national average for first time in 28 years
  • Canada's rate 2.3 points higher than U.S. — biggest gap in 14 years
  • More trouble ahead as oil crash 'trickles across broader economy'

Canada's unemployment rate rose in January as the country lost 5,700 jobs, Statistics Canada...

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Canadians Hoarding Cash Show ‘Amazing Degree Of Shrewdness': BMO

(51) Comments | Posted February 5, 2016 | 8:14 AM

A recent study from CIBC found that Canadians are hoarding a record $75 billion in cash supposedly because they’re nervous about investing in the markets.

The bank warned that stashing cash in their mattresses could cost households billions in lost investment returns.

But Bank of Montreal chief economist...

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Conrad Black's Toronto Mega-Mansion Is Hitting The Auction Block (PHOTOS)

(12) Comments | Posted February 4, 2016 | 4:48 PM

Lord Conrad Black is downsizing.

The one-time newspaper baron says he no longer needs his 23,000-square-foot, nine-bedroom palace in Toronto’s Bridle Path neighbourhood (a.k.a. “Millionaire’s Row”), and the home — easily one of Toronto’s most opulent — is hitting the auction block on March 8.

Realtor Barry Cohen estimates the...

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Canadian Airfares Coming Down As Oil Prices Fall, Study Says

(2) Comments | Posted February 4, 2016 | 2:28 PM

That winter escape vacation you’ve been thinking about skipping this year may be affordable after all, sliding loonie or not.

Airfares in Canada have fallen over the past year, according to research from Hopper, an airfare comparison app. Domestic flights are 7.3 per cent less expensive than a...

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Martin Shkreli, Price-Gouging Pharma CEO, Refuses To Answer To ‘Imbecile' Congress

(85) Comments | Posted February 4, 2016 | 11:41 AM

Martin Shkreli, the indicted former pharma CEO who raised the price of a life-saving drug by 5,400 per cent last year, refused to answer questions in front of a congressional committee on Thursday morning, taking the Fifth Amendment on his lawyers' advice.

But Shkreli followed up his appearance...

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Oil Price Crash Causing 'One Of Largest Transfers Of Wealth In Human History'

(30) Comments | Posted February 4, 2016 | 8:56 AM

The oil price crash has kicked off one of the world’s largest-ever shifts in wealth, from oil producers to oil consumers, says a new report from Bank of America Merrill Lynch (BAML).

The report also predicts lower oil prices will slow down the switch to a low-carbon economy, as consumers...

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$1.46 Million For House In 905? That's 5 Years Away

(24) Comments | Posted February 3, 2016 | 12:14 PM

The experts say it can’t go on forever, but it just won’t stop. In fact, it’s accelerating.

House prices and home sales in Canada’s largest metro area continued their juggernaut in January, with sales up 8.2 per cent and prices up 14.1 per cent in a year.

The upward price...

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Canadian Businesses Are World's Most Trusted; ‘Trudeau Effect' Sends Domestic Trust Soaring

(84) Comments | Posted February 3, 2016 | 10:01 AM

They’re calling it the “Trudeau effect.”

Canadians’ trust in business, media, government and NGOs saw a sudden, sharp spike in the latest edition of an annual survey from public relations firm Edelman.

Edelman’s “Trust Barometer” also found that Canadian-based businesses are now the world’s most trusted among consumers worldwide, tied...

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Canada's Cauliflower Price Crisis Is Ending. Did Public Pressure Make A Difference?

(15) Comments | Posted February 2, 2016 | 3:12 PM

Canada’s food-price crunch may not be over yet, but at least cauliflower fans can breathe a sigh of relief.

Retail cauliflower prices soared over the past few months to the point that it got the attention of the New York Times, which declared the cauliflower a “luxury” item...

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1.69% Mortgage Rate Heralds Likely Arrival Of Another Springtime Lending War

(5) Comments | Posted February 2, 2016 | 12:46 PM

It’s become an annual springtime tradition in Canada, one that’s arrived a little early this year: The mortgage rate war.

Ontario’s Meridian Credit Union kicked things off Tuesday with the announcement of a one-year fixed-rate mortgage at 1.69 per cent. According to Ratehub, it’s the lowest rate available...

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The Statistics Prove It: We've Got The Groundhog Day Rule Backwards

(1) Comments | Posted February 2, 2016 | 7:59 AM

Every now and then, some statistical research comes along that shifts paradigms, rewrites perceptions and sets the stage for a new era in human thought.

This is not one of those times.

No, this is about apparently long-ignored research on the value of a rodent in determining medium-term weather...

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Google Parent Alphabet Beats Apple To Be World's Largest Company

(1) Comments | Posted February 1, 2016 | 5:07 PM

Google’s parent company became the world’s largest publicly-traded company in overnight trading Monday, unseating Apple after a strong earnings report.

Shares in Alphabet, the recently-incorporated parent company of Google, shot up more than 6 per cent in after-hours trading after the company released better-than-expected earnings of US$8.67 a share. Analysts...

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Cold-FX Lawsuit Alleges Herbal Remedy Doesn't Work, And Drugmaker Knew For Years

(22) Comments | Posted February 1, 2016 | 4:41 PM

The popular herbal cold remedy Cold-FX is no better than a placebo a treating colds, and the manufacturer has known that for more than a decade, alleges a lawsuit before the B.C. Supreme Court.

Lawyer John Green filed the suit against Cold-FX maker Valeant in B.C. in 2012, as well...

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Disney Now World's Most Powerful Brand, Thanks To Star Wars

(1) Comments | Posted February 1, 2016 | 3:15 PM

Finn, Rey and a little rolling rust bucket called BB8 have made Disney the world’s most powerful brand.

The (inter)stellar success of “Star Wars: The Force Awakens” has propelled Disney to the top spot in Brand Finance’s annual ranking of the world’s most powerful and valuable brands, unseating...

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Infographic: Marijuana Lessons For Canada From Holland, Portugal, U.S.

(44) Comments | Posted February 1, 2016 | 12:26 PM

When it comes to legalizing marijuana, Canada isn’t sailing entirely into the unknown. A number of countries and U.S. states have experimented with loose pot policies (if not outright decriminalization), and these places offer potential models and lessons for Canada.

Toronto-based law firm O’Neill Moon Quedado LLP has...

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Most Influential Brands In Canada 2016: Google Retains The Crown

(10) Comments | Posted January 30, 2016 | 1:31 PM

In Canada, Google is king. Brand king, that is.

For the fourth year in a row, the search engine giant has been named the most influential brand in Canada, in a survey from from ICA Canada and Ipsos.

The survey looked at more than 100 companies with the largest ad...

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And Canada's Wage-Growth Winner Is .. Prince Edward Island!

(21) Comments | Posted January 30, 2016 | 12:51 PM

What a difference an oil-price crash makes.

Remember the days when it was a given Alberta had the strongest labour market in the country? Well those are a distant memory now.

And if wage growth is anything to go by (and it usually is), the new winner is … Prince...

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‘Idiotic' Oil Rally Happened Because ‘People Can't Read,' Says Russia's Largest Oil Company

(19) Comments | Posted January 29, 2016 | 12:58 PM

Talk about talking down your own industry.

Rosneft, Russia’s largest oil company, did everything it could to kill a rally in oil prices Thursday, with a spokesperson calling it “idiotic” and arguing it was based on a misreading of news reports.

Oil prices soared as much as 8 per cent...

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