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7 Things Harper Doesn't Want You To Know About The China Trade Treaty (And A Few He Does)

(64) Comments | Posted September 17, 2014 | 12:27 PM

I’m going to go out on a limb and say the Harper government doesn’t want attention drawn to the deal it just signed with China.

Why? Because after two years of delays, the official announcement of an investor-protection treaty with the world’s second-largest economy came in the form of a...

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Disney At CRTC Hearings: We Don't Want To Leave Canada, But...

(12) Comments | Posted September 16, 2014 | 12:02 PM

The Walt Disney Co. says Canada is a “valuable” market and it doesn’t want to pull out — but it’s paying close attention to the CRTC’s hearings on reforming TV regulations.

Disney’s VP for government relations, Susan Fox, told the CRTC Monday that it opposes the idea to unbundle channels...

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EI Premium Cut 'A Job Killer,' Critics Say

(55) Comments | Posted September 12, 2014 | 11:46 AM

It took very little time for the Small Business Job Credit, announced by the Conservative government on Thursday, to start attracting negative attention.

Many economists say the move will do little to spur hiring — and may in fact prevent it.

The tax credit reduces the Employment...

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Canada's Wealth Gap Is Growing As Poor Get More In Debt: Report

(51) Comments | Posted September 11, 2014 | 2:17 PM

Those rosy reports about Canadians’ net worth growing and the country's middle class being among the richest in the world are masking growing inequality in the country, according to a new report.

The left-leaning Broadbent Institute says Canada’s poorest 10 per cent of the...

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Canada Has Dutch Disease, Bank Of America Declares

(95) Comments | Posted September 10, 2014 | 2:35 PM

Is Canada’s oil sector harming the rest of the economy? According to Bank of America Merrill Lynch, the evidence points to yes.

In a new report, the bank has come out squarely in favour of the "Dutch Disease" theory — the notion that Canada's oil and gas boom...

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Alberta Will Soon Be Building More Houses Than All Of Canada East Of Ontario

(46) Comments | Posted September 10, 2014 | 11:56 AM

Here’s some more data to highlight just how ridiculous the gap between Alberta’s economy and the rest of the country has grown.

Combined, Quebec and the Maritime provinces have more than 10.5 million people, considerably more than double Alberta’s 4 million people.

But if things keep going as they...

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House Price Gap Grows, Making Dream Home A Fantasy: CIBC

(10) Comments | Posted September 9, 2014 | 3:03 PM

If you’ve bought a condo and are hoping to upgrade to a single-family home someday, you may end up waiting longer than you expected.

According to a report from CIBC World Markets, the long run-up in Canadian house prices is making it harder and harder for families to move up...

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Ontario To CRTC: Regulate Netflix Like It's A TV Channel

(132) Comments | Posted September 8, 2014 | 4:03 PM

The government of Ontario is pushing Canada’s federal telecom regulator to regulate new media services like Netflix much the same way it regulates traditional TV, requiring the U.S.-based service to pay for the development of Canadian content.

At a CRTC hearing Monday, an assistant deputy minister with Ontario’s Ministry of...

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Growing Number Of Canadians Unprepared For Financial Emergency: BMO

(40) Comments | Posted September 8, 2014 | 12:32 PM

Three out of 10 Canadians “are living paycheque to paycheque or spending more than they earn,” according to a survey from BMO.

The survey found a growing number of Canadians would be unprepared in a financial emergency. More than a quarter (27 per cent) of respondents had one...

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Canada's Unemployment Rate Unchanged As Country Loses 11,000 Jobs

(82) Comments | Posted September 5, 2014 | 8:48 AM

Canada turned in another disappointing performance on the jobs front in August, with StatsCan reporting a net loss of 11,000 jobs for the month.

That wasn't enough to budge the unemployment rate, which remained at 7 per cent.

But perhaps the most surprising number in Friday's jobs report was the...

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1 In 4 Canadians Fear They'll Lose Job To Technology: Survey

(4) Comments | Posted September 4, 2014 | 11:55 AM

One in four Canadians fear they could lose their job to technology in the next few years, according to a survey from recruitment firm Randstad.

But not everyone is pessimistic about technology’s role in the economy. Sixty-eight per cent of respondents in the survey saw its impact as...

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8 Retailers At Risk Of Disappearing From Canada

(24) Comments | Posted August 20, 2014 | 9:14 AM

It seems hardly a month goes by these days without announcements of layoffs or dismal earnings at Canadian retailers. Canada's economy is humming along (though job numbers could be better) so why are so many retailers closing stores like it's the middle of a recession?

There's no one simple answer....

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Canada-EU Trade Deal Text Leaked By German TV

(88) Comments | Posted August 13, 2014 | 5:50 PM

A German news show has published what it says is the text of the Canada-EU free trade deal.

More than 520 pages of the 1,500-page document were posted to the website of German TV network ARD’s news show Tagesschau on Wednesday.

According to some experts now poring...

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StatsCan 'Error' Blamed As Unemployment Report Disappears From Web

(19) Comments | Posted August 12, 2014 | 2:51 PM

Statistics Canada has taken the rare move of pulling an unemployment report offline, due to “an error in processing” of July’s labour market numbers.

StatsCan’s most recent unemployment report, released last Friday, was no longer available at StatsCan’s website as of Tuesday. Instead, there was a notice advising...

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Apple, Samsung Headed Into Decline Globally: Fitch

(13) Comments | Posted August 12, 2014 | 12:26 PM

It's probably too soon to call Apple the new BlackBerry, but the fruit salad that is the smartphone industry is undergoing another shakeup.

Apple and Samsung, the world’s dominant smartphone brands, are starting to lose market share to cheaper emerging-market competitors, Fitch ratings agency warned Tuesday.

For now,...

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Canada's Manufacturing Crisis Worst Among 19 Industrialized Countries

(48) Comments | Posted August 8, 2014 | 12:59 PM

We’re often told that Canada’s crisis in manufacturing is a global problem, one that we alone can do little to address.

Competition from developing countries with cheaper labour, combined with automation, are taking manufacturing jobs and they’re not coming back. It’s not a homegrown problem.

Well then again, maybe...

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Recent First-Time Home Buyers ‘Particularly Vulnerable' To A Debt Shock: RBC

(7) Comments | Posted August 7, 2014 | 2:56 PM

The group of people who did the lion’s share of first-time home buying in recent years have racked up far more debt than those who came before them, according to a report from RBC.

The bank’s analysis of StatsCan data found that the 35-to-44 age group had debts...

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Million-Dollar Mississauga Homes Another Sign Suburbs Are Becoming Unaffordable

(6) Comments | Posted August 6, 2014 | 2:42 PM

A recent article in Toronto Life drew attention to a refurbed house in Mississauga selling for $1.14 million, noting that the sale “hints at a pricier future” for the suburban city west of Toronto.

A pricier future indeed. A scan of homes for sale on Realtor.ca showed that...

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Trans-Pacific Partnership: Canada Should Be Evicted From Trade Talks, Congress Members Say

(152) Comments | Posted August 6, 2014 | 8:51 AM

Canada should be tossed out of negotiations on a major multinational free trade deal if its government doesn’t agree to open up the agricultural sector to greater competition, U.S. Congress members have told President Barack Obama.

In a letter sent to the president last week, 140 members of...

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Canadians' Household Debt Grows; Albertans Double Ontarians On Borrowing

(13) Comments | Posted August 5, 2014 | 3:52 PM

Canadians increased their debt burdens by about six per cent over the past year, according to a new survey from BMO, but when it comes to owing money, different parts of the country are headed in different directions.

Western Canadians have seen their debts skyrocket over the past...

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