Daniel Tencer
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Entries by Daniel Tencer

Food Prices Grow At Fastest Pace In 3 Years, As Meat Soars

(6) Comments | Posted December 19, 2014 | 10:59 AM

Want to save on your food bill? Switch to chicken.

Inflation slowed down in November, thanks primarily to plummeting gas prices, but the rapid rise in meat prices that has stalked consumers this year showed no signs of slowing.

Overall inflation fell to a 2-per-cent pace in November,

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Canadians' Earnings By Province: What A Difference A Couple Time Zones Makes

(78) Comments | Posted December 19, 2014 | 8:48 AM

The median after-tax income for a family in Canada was $71,700 in 2012, according to StatsCan’s latest income survey, released last week.

But what Canadians earn varies vastly from province to province — no surprise, given the regionally fragmented nature of Canada’s economy.

Still, the differences are striking:...

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CRTC Gets New Powers To Fine Telecoms

(6) Comments | Posted December 18, 2014 | 8:59 AM

Watch out, telcos: Canada’s telecommunications regulator is now armed and dangerous.

As part of a budget implementation bill, the CRTC has been granted the power to levy fines against telecoms that violate the Telecommunications Act. The broadcast regulator can now fine telecoms up to $10 million for a first violation,...

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Wealth Inequality Poll Finds Canadians Want A Much More Level Society

(25) Comments | Posted December 17, 2014 | 12:35 PM

Canadians “vastly underestimate” the extent of wealth inequality in Canada, but would still like to see a much more equal society, according to research carried out for the left-leaning Broadbent Institute.

The survey of 3,000 respondents found Canadians believe the richest 20 per cent control about 55.5...

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Canada ‘Much More Exposed' To Oil Prices Than It Used To Be: CIBC

(10) Comments | Posted December 17, 2014 | 8:34 AM

  • Canada's economy three times as exposed to oil price changes as in 1998 collapse
  • Lower gas prices will put $10 billion extra in Canadian consumers' hands
  • Loonie to hit 81 cents U.S.

Canada’s growing reliance on oil exports in recent years has made the country “much more exposed”...

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Shaw Cutting Internet Speeds? Wrong, Telecom Says, But Prices Are Rising

(25) Comments | Posted December 16, 2014 | 4:48 PM

The internet is in an uproar over reports that Shaw Communications will be ringing in the New Year with higher prices and slower internet speeds, but the western Canadian telecom giant says it’s all a big misunderstanding.

A posting on Reddit Tuesday alleged that Shaw will be reducing...

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LCBO-Beer Store Deal's Revelation Leads To $1.4-Billion Class-Action Lawsuit

(9) Comments | Posted December 15, 2014 | 12:48 PM

A Burlington, Ont., pub owner has launched a class-action lawsuit over a secretive deal between the province’s monopoly liquor retailer and its monopoly beer retailer.

The lawsuit, filed Friday in the Ontario Superior Court, seeks $1.4 billion from the LCBO and Brewers Retail, owner of the Beer Store chain, the...

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Canadian Home Sales To 'Peak' This Year, Industry Group Says

(5) Comments | Posted December 15, 2014 | 11:17 AM

Canadian home prices are expected to rise 0.9 per cent next year, to an average of $409,300, the Canadian Real Estate Association says in its latest monthly report.

But the industry group is predicting that home sales will trend downwards next year, with interest rates "edging slightly higher."

...
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Canadians, Americans Disagree On ‘Butts' Versus ‘Boobs'

(9) Comments | Posted December 14, 2014 | 1:23 PM

When it comes to searching for porn, Canadians prefer “boobs” and Americans prefer “butts.”

That puts the two nations on opposite sides of what is clearly a very important global cultural divide.

According to research from Pornhub, the world is divided into two camps: The north, including Canada,...

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House Price Index Shows Declines In 8 Of 11 Cities

(8) Comments | Posted December 12, 2014 | 10:27 AM

Only one major Canadian metro area avoided falling or stagnant house prices in Teranet’s latest house price index.

Overall house prices fell 0.3 per cent in November from October, but thanks to strong price growth earlier this year, they were still up 5.2 per cent from a year...

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Stephen Poloz: I Wonder What The Banking System Looks Like In Star Trek

(60) Comments | Posted December 12, 2014 | 9:34 AM

Bank of Canada governor Stephen Poloz is casting around for new models for the financial system in the wake of the Great Recession, and he’s looking to Star Trek for inspiration.

“How blue-sky do we want to get? Does anybody besides me wonder what the banking system looks like in...

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Canada's Catch-22: Bankruptcies Could Soar If Economy Improves

(14) Comments | Posted December 9, 2014 | 11:52 AM

There is a Catch-22 in Canada’s economy, which is this: When things get good again, it will cause things to go bad.

That’s because Canadians have taken on so much debt that a rise in interest rates could tip many borrowers at the margins into insolvency.

Many market observers expect...

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Toronto, Calgary Housing Markets Show Signs Of Slowdown

(2) Comments | Posted December 8, 2014 | 12:28 PM

Two forward-looking measures of the health of Canada’s housing market came in stronger than expected for the country as a whole, but beneath the national data are some weak numbers for some of the country’s hottest housing markets.

It looks increasingly like the party is over for Toronto’s residential construction...

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Canadian Workers Get Smaller Share Of The Economic Pie Than U.S. Workers: ILO Report

(100) Comments | Posted December 8, 2014 | 8:35 AM

Canadian wage earners take home less of the country’s total income than American wage earners do, according to new data from the International Labour Organization.

There are many ways to measure economic inequality, and one of them is “labour’s share of income” — the percentage of a country’s...

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Aeropostale CEO Julian Geiger: Keeping Kids From Being Teased Is Our 'Brand Promise'

(13) Comments | Posted December 7, 2014 | 11:46 AM

The CEO of struggling fashion retailer Aeropostale says keeping teens from being teased at school is what the brand is all about.

The teenager today wants to fit in. They want to fit in by wearing things that make them feel safe,” Julian Geiger said on a conference...

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Canada Has 2nd-Highest Wage Growth Among Developed G20 Countries: ILO

(73) Comments | Posted December 5, 2014 | 1:25 PM

Canada has seen the second-largest wage growth of any developed G20 country in recent years, according to a new report from the International Labour Organization (ILO).

But it seems to be a case of Canada simply being among the least bad of a bad bunch. Wage growth in...

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Canada's Unemployment Rate Rises To 6.6% As Economy Loses 10,700 Jobs

(67) Comments | Posted December 5, 2014 | 8:45 AM

After two months of strong job gains (or not), Canada lost 10,700 jobs in November, StatsCan data shows, and the unemployment rate rose a notch to 6.6. per cent.

Ontario led the way on job losses, losing 34,000 jobs in the month. The province's unemployment rate shot up...

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Toronto House Prices Jump Again; How Long Can This Last?

(5) Comments | Posted December 4, 2014 | 5:16 PM

The experts keep saying a real estate juggernaut like Toronto’s can’t go on forever, but if numbers from Toronto’s real estate board are to be believed, this beast just won’t die.

House prices in Toronto have jumped 8.4 per cent on average since the start of the year, the

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EU's Shelved Plans To Label Oilsands Dirty Are Back In Play

(17) Comments | Posted December 4, 2014 | 2:43 PM

The Harper government and oilsands producers hailed the European Commission's decision in October that would have meant Canadian oil would not be penalized for being more emissions-intensive than conventional oil.

But now the EU’s seemingly abandoned plan to label oilsands product as dirty oil has come back to life —...

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Best Credit Cards In Canada, According To RateSupermarket

(6) Comments | Posted December 4, 2014 | 8:19 AM

Picking the right credit card “can be a powerful financial tool,” according to interest rate comparison site RateSupermarket.

It all depends on how you spend money and what you are trying to achieve with your finances.

“Whether Canadians are looking to earn high-value rewards, offset daily spending,...

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