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Portland's Unique Tax On CEO Pay Could Face Death At Trump's Hands

(0) Comments | Posted December 8, 2016 | 4:48 PM

Donald Trump may be headed for the White House and stacking his cabinet with billionaires, but Portland, Ore., isn’t about to stop fighting against wealth inequality.

In what is believed to be a first, the city is going to start charging a surtax on companies whose CEOs earn...

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It Takes Twice As Long As 15 Years Ago To Save Up For A House

(0) Comments | Posted December 8, 2016 | 3:09 PM

Too bad you weren’t born 15 years earlier, first-time home buyers. You would have needed to put half as much effort into saving up for a house as you do today.

That’s according to a survey from Mortgage Professionals Canada, a mortgage brokers’ industry group, which found it now takes...

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Basic Income Coming To P.E.I.? Legislature Passes Motion Unanimously

(17) Comments | Posted December 7, 2016 | 5:01 PM

Canada is rapidly becoming a world leader in experimentation on the concept of a basic income.

Prince Edward Island’s legislature unanimously passed a motion on Tuesday to get started on developing a basic income pilot project, making it the second province to move forward with the idea.

The...

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Liberals' Digital Surveillance Proposals Far Scarier Than Bill C-51

(20) Comments | Posted December 7, 2016 | 4:46 PM

Imagine how you would feel if the government installed cameras in your home that recorded everything you did, then gave police the power to review the footage without a warrant, whenever they want.

If that sounds to you like a gross violation of your privacy, you should probably be aware...

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Soaring House Prices Could Mean A New Kind Of Aristocracy: Economists

(27) Comments | Posted December 7, 2016 | 12:27 PM

If you’re at an age when you or your friends are buying homes, it’s almost certain you know someone whose parents helped them out with the down payment.

But some housing experts see a problem in this trend, if it continues for much longer.

“The risk is that, if...

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Mexico Leapfrogs Canada As U.S. Trading Partner (What Must Trump Think?)

(19) Comments | Posted December 7, 2016 | 12:18 PM

It’s potentially bad news for the Great White North, but probably worse news for Donald Trump: Mexico has become a larger trading partner of the U.S. than Canada.

This year is shaping up to be the first time on record that Mexico’s trade relationship with the U.S. is larger than...

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This Chart Helps Explain Why Trump Happened In U.S. And Not Canada

(36) Comments | Posted December 6, 2016 | 11:55 AM

Amid all the economic uncertainty out there these days, the Bank of Montreal has a little bit of good news: Working Canadians have had it much better than their American cousins since the financial crisis.

Chief economist Doug Porter looked at the percentage of people with a job, known as...

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‘Shadow System' Of Tax Breaks For The Rich Costs Canada Billions: Study

(79) Comments | Posted December 5, 2016 | 8:55 AM

Canada’s income tax deductions are helping make the rich richer, a new study has concluded.

The research paper released Monday by the Canadian Centre for Policy Alternatives (CCPA) says breaks on personal income taxes in Canada cost almost as much as the government collects from those taxes,...

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Toronto's Middle Class Is About To Be Priced Out Of The Condo Market

(8) Comments | Posted December 3, 2016 | 2:15 PM

The federal Liberal government’s tighter new mortgage rules seemed to do little to slow Greater Toronto’s housing market in November, with the city’s average home resale price soaring 22.7 per cent compared to a year earlier.

Single-detached home prices in the city of Toronto jumped by 32.3 per cent in...

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Canada's Unemployment Rate Drops For The Wrong Reason

(18) Comments | Posted December 2, 2016 | 8:58 AM

Canada's jobless rate fell to 6.8 per cent in November, from 7 per cent the month before, but not because the country is churning out jobs.

Rather, job-seekers are dropping out of the workforce, reducing the number of people looking for work, Statistics Canada said in its Labour Force Survey...

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Liberals' Stimulus Spending So Small It's A Drag On Economy: BMO

(15) Comments | Posted December 1, 2016 | 3:42 PM

Canada’s economy grew at the fastest pace in more than two years in the third quarter of 2016, but Prime Minister Justin Trudeau can take very little credit for the turnaround — at least so far.

According to numbers crunched by Doug Porter, the chief economist at BMO...

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Steven Mnuchin, Trump Treasury Pick, Made Millions Foreclosing On 36,000 Homes

(56) Comments | Posted December 1, 2016 | 1:09 PM

President-elect Donald Trump’s pick for Treasury secretary has many observers worried the new administration will have little sympathy for struggling homeowners.

Trump’s transition team announced Wednesday that Steven Mnuchin, a former partner at Goldman Sachs and a Hollywood producer with an estimated net worth of $40 million, has...

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Canada May Face Marijuana Shortage When It's Legalized: Canaccord

(9) Comments | Posted November 30, 2016 | 4:16 PM

As a law-abiding news organization, we can't advise you to stock up on illegal weed before it goes legal.

But.

Canada’s system for licensing marijuana producers is so tough that there likely won’t be enough producers to meet demand when the federal Liberals legalize the herb, say analysts at Canaccord...

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Amazon Prime Video, Top Netflix Competitor, Launches In Canada This Week: Reports

(40) Comments | Posted November 30, 2016 | 2:00 PM

Amazon is keeping quiet about its plans for Amazon Prime Video’s expansion around the world, but a Bell Media executive has said the service is coming to Canada this week.

"Now, a new global [streaming] competitor — Amazon Prime — is entering the Canadian market in two days," Bell Media...

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Archive.org Moving To Canada Over Trump Censorship Fears

(9) Comments | Posted November 30, 2016 | 12:30 PM

The data isn't in yet on whether Americans are packing for Canada in droves following Donald Trump's electoral win, but a digital copy of the history of the Internet is going to make the move north.

Archive.org, a digital library that caches and indexes older versions of websites for the...

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Canada's Best Credit Cards Of 2016, According To RateSupermarket

(0) Comments | Posted November 30, 2016 | 9:39 AM

If you do any significant amount of shopping on your credit cards, knowing which ones to use could save you dozens if not hundreds of dollars a year.

RateSupermarket, a financial products comparison site, ranked the credit cards available in Canada to see which ones are the best, defined as...

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Trudeau's Pipeline Approvals Get Praise From Big Oil, But Opponents Vow Fight Not Over

(65) Comments | Posted November 29, 2016 | 7:48 PM

Although it’s “disappointed” that the federal Liberals rejected the Northern Gateway pipelines project, Canada’s oil industry celebrated the approval of the Trans Mountain expansion and Line 3 pipelines Tuesday.

Opponents, however, said the decision will make it difficult for Canada to meet the emissions reductions it pledged as part of...

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If Toronto & Vancouver Are ‘Superstar Cities,' Get Ready To Rent

(4) Comments | Posted November 29, 2016 | 1:09 PM

Home ownership is a big deal in Canada, but as housing becomes more scarce and expensive in Toronto and Vancouver, many residents of those cities will give up dreams of homeownership — whether by choice or not.

In fact, a decade from now, the stigma surrounding renting will have disappeared...

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Canadian Inequality Widening As More Land In Low-Wage Work: CIBC

(8) Comments | Posted November 29, 2016 | 8:58 AM

Canada hasn’t yet turned into a nation of “hamburger flippers,” but a new study from CIBC Economics says the country has seen “a slow but steady deterioration” in job quality over the past two decades that is widening the income gap.

The report comes in the wake of data showing...

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Vancouver Neighbourhood Sees 0% Vacancies As Oil Cities See Record Highs

(8) Comments | Posted November 28, 2016 | 9:33 PM

  • Toronto: 544 new apartments for 80,000 new people
  • Oil cities see record-high vacancies
  • Increased migration pushing up rent prices

It keeps getting harder and harder to rent an apartment in Toronto or Vancouver, where one neighbourhood recorded a zero-per-cent vacancy rate in a rental market survey...

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