Daniel Tencer

Entries by Daniel Tencer

Canadian Provincial, Municipal Debt Hits An Ugly Milestone

(0) Comments | Posted October 8, 2015 | 12:22 PM

For the first time ever, the combined debt burden of Canada’s provinces and municipalities is larger than the debt of the federal government, TD Bank says in a new report.

Canada’s federal debt has been falling, more or less steadily, for two decades, from a high of 67.1 per cent...

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What Canadians Think Of The TPP And The Keystone XL Pipeline

(0) Comments | Posted October 7, 2015 | 3:31 PM

A bare majority of Canadians say the Trans-Pacific Partnership trade deal announced this week is a “good thing,” according to a poll that also found support for the Keystone XL pipeline is weaker in Canada than in the U.S.

Fifty-two per cent of Canadians had a positive view of the...

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Apple Is #1 Tax Evader, Dodged $60 Billion In Taxes: Study

(57) Comments | Posted October 7, 2015 | 12:14 PM

America’s largest companies collectively hold $2.1 trillion in offshore tax havens, allowing them to avoid some $90 billion in taxes per year, says a new study.

Seventy-two per cent of companies listed on the Fortune 500 operated subsidiaries in known tax havens as of the end of 2014, said

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3 1/2 Things Progressives Should Be Happy (Or At Least Hopeful) About In The TPP

(3) Comments | Posted October 6, 2015 | 4:29 PM

The Trans-Pacific Partnership, the world’s largest proposed free trade deal, has certainly taken a lot of criticism from activists who worry about the deal’s potential impact on issues such as internet freedom, intellectual property and factory jobs in developed countries.

But the Obama administration,...

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Toronto Homeowners Get $8,500 Richer Every Month, While Condo Owners Get The Shaft

(9) Comments | Posted October 6, 2015 | 12:29 PM

Forget working. The real way to accumulate wealth is to buy a single-family house in Toronto, and wait.

OK, that’s bad advice. But given what’s been going in Toronto’s housing market, you can be forgiven for coming to a conclusion like that.

If you own an average single-family home in...

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Why The TPP Is Not A Done Deal, And Why It May Never Get Done

(78) Comments | Posted October 5, 2015 | 12:28 PM

Prime ministers and presidents around the world congratulated themselves Monday after coming to an agreement on the Trans-Pacific Partnership, a "transformational" deal that, if ratified, would create the world’s largest free trade area, encompassing 40 per cent of the global economy, including Canada's.

Conservative leader Stephen Harper, in the midst...

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TPP Deal Reached

(226) Comments | Posted October 5, 2015 | 8:18 AM

Negotiators from 12 countries have come to an agreement on the Trans-Pacific Partnership, a trade deal that will cover 40 per cent of the world's economy, including Canada's, if the deal is ratified.

The Harper government indicated Monday morning it expects the debate over the deal to be left to...

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RBC Manufacturing Survey Finds ‘Sharpest Deterioration In Business Conditions' In Its History

(5) Comments | Posted October 3, 2015 | 1:36 PM

Those celebrating the end of Canada’s recession may want to recork the champagne, because it seems the economy isn’t out of the woods just yet.

The Royal Bank of Canada’s Purchasing Managers Index (PMI) recorded the “sharpest deterioration in business conditions in survey history” in September.

The PMI...

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This Is What The World's Largest Companies Are Making Off Their Employees

(15) Comments | Posted October 3, 2015 | 1:09 PM

You’re going to want a raise after reading this.

Marketing firm MVF Global has calculated the “true value” of employees around the world, and maybe not surprisingly there is a pretty large gap between what workers at the world’s largest companies are paid and what they're actually worth to the...

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Sanmay Ved Somehow Buys 'Google.com' Domain, Holds On To It For One Minute

(4) Comments | Posted October 2, 2015 | 1:45 PM

For the rest of his life, Sanmay Ved will be known as the man who owned Google for a minute.

The former Google employee was tooling around with the Google Domains interface late Monday night when he decided to check on the status of the “Google.com” domain.

To his utter...

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Here Are The Top Destinations For Canadians Working Abroad, According To LinkedIn

(0) Comments | Posted October 2, 2015 | 12:37 PM

For some people, landing a job abroad is an ideal way of combining world travel with a paycheque.

And where do Canadians go when they head abroad for work? According to a new survey from LinkedIn, Canadian expats are drawn to New York, San Francisco and Paris above all...

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$60-Million Lotto Max Jackpot Win Makes GTA Co-Workers Totally Freak Out

(0) Comments | Posted October 2, 2015 | 12:30 PM

Twelve co-workers at a Markham business shared the largest Lotto Max jackpot ever this week -- $60 million, or $5 million per winning worker.

But perhaps the best part of it is how Dennis Cartier, the person running the office lottery, let his co-workers know they had just become rich.

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Ontario Credit Union Offers 1.85% For A 5-Year Variable Mortgage

(1) Comments | Posted October 1, 2015 | 12:57 PM

Canada’s mortgage-rate insanity isn’t over yet.

An Ontario credit union is offering a very low variable-rate mortgage rate: 1.85 per cent.

Meridian credit union is offering the rate for a five-year variable mortgage “for a limited time,” to first-time mortgage borrowers.

The catch? You have to be a...

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Wow Air's Cheap Flights From Canada To Europe Could Shake Up Airfares

(12) Comments | Posted October 1, 2015 | 11:56 AM

An Icelandic low-cost airline is planning to launch flights to Europe from Montreal and Toronto at prices so low they're likely to spur an airfare price war.

Wow Air has announced flights from Toronto and Montreal to Reykjavik that will cost $99, including fees, taxes but not including...

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Mark Carney: Climate Change Threatens Financial System, Oil Could Be ‘Stranded' Asset

(25) Comments | Posted September 30, 2015 | 1:36 PM

Climate change will threaten the global financial system and the world’s long-term prosperity unless rules are put in place for full disclosure about carbon emissions, Mark Carney says.

The former Bank of Canada governor and current Bank of England governor also reiterated his warning that much of of the world’s...

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Canadian Economy Grew In July, On Track To Double Expectations In Q3

(67) Comments | Posted September 30, 2015 | 8:43 AM

Canada's economy grew 0.3 per cent in July, Statistics Canada says, faster than the rate that economists had generally expected.

With these numbers in, many economists are now predicting that Canada will nearly double the 1.5-per-cent growth rate that the Bank of Canada had predicted for the third quarter.


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Look: The Coolest Condos Being Built In Toronto

(0) Comments | Posted September 30, 2015 | 8:23 AM

The debate over whether Toronto is building too many condos continues unabated, but one thing is certain: The massive wave of construction seen over the past decade is radically changing the appearance of Canada's largest city.

For several years there, Toronto was building more high-rise buildings than any...

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Here's Who The Market Says Will Win Canada's Election

(41) Comments | Posted September 29, 2015 | 12:50 PM

There’s a theory out there that if you want the most accurate possible forecast of election results, ask the people who have money riding on it.

The University of British Columbia has been running an election prediction market since 1993, and today investors can place between $25 and...

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Harper's 1.3 Million Jobs Vow So Weak It's Just An 'Observation': Economist

(42) Comments | Posted September 28, 2015 | 12:41 PM

Conservative leader Stephen Harper described his promise to create 1.3 million new jobs by 2020 as an “aspirational goal,” but many economists who’ve looked at the numbers say that goal is hardly ambitious.

In fact, at least one economist argues that Harper’s plan is so lacking in ambition...

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Feds Halted Research Showing Canadians Getting Gouged At The Pumps

(84) Comments | Posted September 25, 2015 | 3:59 PM

Questions are being raised as to why the federal government stopped issuing a bi-weekly report on gas prices, just as that report was showing a large spike in profits made by refiners.

The Fuel Focus Report from Natural Resources Canada had been issued every two weeks for years...

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