Daniel Tencer
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Canadian Marijuana Stocks Tumble As Trump White House Talks Crackdown

(77) Comments | Posted February 25, 2017 | 12:02 PM

TORONTO — Shares of Canadian and U.S. marijuana producers fell Friday after the Trump administration suggested a crackdown on recreational marijuana may be in the works.

Most of Canada’s publicly traded pot growers ended Friday lower after White House Press Secretary Sean Spicer predicted the Justice Department will be looking...

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'Cloudbleed' Bug May Have Exposed Millions Of Sites' User Passwords

(7) Comments | Posted February 24, 2017 | 12:55 PM

Tech experts are urging subscribers to numerous online services to change their passwords after a possible leak of user data.

The leak, which techies are calling “Cloudbleed,” involves Cloudflare, a web services company used by many large websites. An analyst at Google’s Project Zero noticed a bug in Cloudflare’s code...

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Hudson's Bay Co. Named Top-10 ‘Most Boycottable' Retailer Over Trump Products

(36) Comments | Posted February 23, 2017 | 3:31 PM

Canada’s iconic The Bay department store is in the top 10 of a list of companies targeted for boycott by anti-Trump activists.

The #grabyourwallet campaign site — which ranks companies that do business with U.S. President Donald Trump or his relatives — lists Hudson’s Bay Co. as the seventh “most...

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Canada Among Top Places To Invest For 117 Years: Credit Suisse

(3) Comments | Posted February 23, 2017 | 1:36 PM

Canada has been among the best places in the world to invest your savings, at least in the really, really long run.

Banking giant Credit Suisse has put out an analysis of stock and bond returns from 1900 to 2016, and Canada’s average yearly rate of return is the sixth-highest...

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Wages Are Falling In Canada's Low-End Jobs

(32) Comments | Posted February 23, 2017 | 12:13 PM

Here’s a clear sign income inequality is on the rise in Canada.

Wages in the country’s lowest-paid sectors are falling, while rising (albeit slowly) for others, according to new data from Statistics Canada.

Average weekly earnings for retail workers fell 2.1 per cent in December, from a year earlier, to...

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If Trudeau Really Blames Corporate Elites, Why Did He Sign CETA?

(56) Comments | Posted February 22, 2017 | 10:51 AM

Prime Minister Justin Trudeau, bedecked in tuxedo and tails, stood before a crowd of some of Europe's richest and most powerful people last week and told them to get in touch with the middle class.

"It's time to pay a living wage, to pay your taxes and give your workers...

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CETA To Cost Average Working Canadian $2,460 In Lost Income: Report

(240) Comments | Posted February 21, 2017 | 1:47 PM

As Canada and the European Union reach the home stretch to an historic free trade deal, a new research report says the agreement was made on the basis of flawed, unrealistically optimistic economic models.

The Comprehensive Economic and Trade Agreement (CETA), negotiated by the previous Conservative government and now championed...

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5 Best Cities To Live In Where Houses Are Under $400K

(70) Comments | Posted February 17, 2017 | 12:18 PM

Fed up with high house prices in Toronto or Vancouver? Thinking of packing up and moving elsewhere? We hear ya. With the average price of a single-family home in both these cities well above $1 million, plenty of people in Canada's priciest cities are looking for alternatives.

Under the federal...

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BlackBerry's Market Share Declines To 0.0%

(9) Comments | Posted February 16, 2017 | 1:39 PM

Well, at least it can’t get any worse.

A decade after the iPhone and Android smartphones began eating into its sales, BlackBerry’s share of the mobile operating system market has been reduced to zero.

IT research firm Gartner’s latest report on the state of the global smartphone market...

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Digital Piracy In 'Safe Haven' Canada Needs To Be Stopped, IIPA Urges Trump

(18) Comments | Posted February 16, 2017 | 9:09 AM

An umbrella group of copyright holders has asked the Trump administration to pressure Canada into a crackdown on digital piracy.

Canadian law enforcement is “almost completely unengaged in criminal enforcement against online piracy of any kind,” said a report from the International Intellectual Property Alliance (IIPA), which includes...

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Vancouver's Average House Price Drops By Nearly One-Fifth

(107) Comments | Posted February 15, 2017 | 2:22 PM

Half the money circulating through Vancouver’s housing market has vanished in the past year, causing a steep drop in sales, now followed by a decline in prices.

The average resale price in Greater Vancouver was $878,242 in January, down 18.9 per cent from a year earlier, when it stood at...

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Toronto Has A Housing Bubble, BMO Says, So Let's 'Drop The Pretense'

(18) Comments | Posted February 15, 2017 | 12:59 PM

Bank of Montreal’s chief economist finally came out and said on Wednesday what many others have been thinking recently.

“Let’s drop the pretense,” Douglas Porter wrote in a report. “The Toronto housing market — and the many cities surrounding it — are in a housing bubble.”

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B.C. Lender Sounds Alarm On China's Ban On Foreign Homebuying

(8) Comments | Posted February 14, 2017 | 12:03 PM

The chief economist of a prominent B.C.-based mortgage lender is warning that new regulations in China could seriously slow the foreign-buyer juggernaut in Vancouver and around the world.

In a bid to stop a massive outflow of cash from its economy, China last month started enforcing rules for currency exchange...

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'Trump Effect' Sends Canadians' Trust In Institutions Plummeting

(52) Comments | Posted February 14, 2017 | 8:14 AM

A year ago, Canadians were feeling the "Trudeau effect": Trust in government, business, media and NGOs had jumped in the wake of the November, 2015, election, amid prospects for a new direction for Canada.

This year, Canadians are feeling the "Trump effect" — trust has fallen to its lowest level...

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Tesla CEO Elon Musk: Basic Income ‘Will Be Necessary'

(68) Comments | Posted February 13, 2017 | 3:23 PM

A universal basic income will become necessary because of all the jobs that will be lost to automation in the coming years, says the founder and CEO of Tesla Motors.

“There will be fewer and fewer jobs that a robot cannot do better,” billionaire entrepreneur Elon Musk told a crowd...

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Here Are The Canadian Cities With The Most Empty Homes

(18) Comments | Posted February 11, 2017 | 2:29 PM

There were more than 1.3 million empty or temporarily occupied homes in Canada in 2016, according to census data released this week — enough housing to accommodate some 3.2 million people.

That’s an increase of nearly 40 per cent since the 2001 census. As a share of all housing, 8.7...

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Fitch Ratings: Trump Policies Could Spark Global Economic Crisis

(3) Comments | Posted February 10, 2017 | 12:42 PM

One of the world’s big three credit rating agencies is warning that President Donald Trump’s policies could spark a global economic crisis.

In a statement issued Friday, Fitch Ratings said the Trump administration “represents a risk to international economic conditions” and to the financial stability of governments around...

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Canada Is A Job-Creating Powerhouse .. If You Like Part-Time Work

(14) Comments | Posted February 10, 2017 | 10:04 AM

Canada posted another surprisingly strong month for jobs in January, adding 48,000 positions in a month when analysts had expected a decline of 10,000.

Coupled with December’s positive numbers, Canada added 104,000 jobs in the space of just two months, the fastest pace of job growth since before the financial...

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Canadian-Owned Firm To Build Space Robots For Pentagon

(1) Comments | Posted February 9, 2017 | 3:25 PM

A subsidiary of a Canadian company has won a contract to build space robots for the Pentagon.

But don't get excited (or scared) by the prospect of a made-in-Canada army of Terminators in space. These robots are meant to be mechanics, not soldiers. And the whole thing could still be...

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Check Out Air Canada's New Look

(22) Comments | Posted February 9, 2017 | 1:36 PM

Air Canada unveiled a new livery and new uniforms on Thursday, as it prepares to expand its presence in a competitive global environment.

The new aircraft look does away with the powder-blue and light-red theme the airline was using most recently, replacing it with a white, black and red theme.

...
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