Daniel Tencer
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Entries by Daniel Tencer

Brian Mulroney's Westmount Mansion Finally Finds A Buyer

(4) Comments | Posted May 22, 2015 | 12:28 PM

After more than a year on the market, Brian Mulroney’s posh home in Montreal’s Westmount has found a buyer.

The seven-bedroom, seven-bathroom house on Forden Crescent went on sale in September, 2013, with an asking price of $7.9 million.

But after more than a year on the market,...

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BlackBerry CEO John Chen's Compensation Down 96% In Fiscal 2015

(0) Comments | Posted May 22, 2015 | 11:48 AM

Not everyone can take a 96-per-cent pay cut and still make money hand over fist, but BlackBerry CEO John Chen is easily among this exclusive group of earners.

Chen’s total compensation fell to $3.4 million U.S. in fiscal 2015, according to papers BlackBerry filed with the U.S. Securities...

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Massive Drop In Canadian Online Piracy Under New Law, Copyright Firm Says

(13) Comments | Posted May 21, 2015 | 1:05 PM

When Canada enacted its “notice-and-notice” system to combat unauthorized downloading, many of Hollywood’s biggest copyright holders argued the new law wasn’t strong enough to stop piracy.

But only a few months after the law took effect, copyright holders are changing their minds — and some are urging the U.S. to...

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Oilsands Are Dying, Canada Should Become Food Superpower: Rubin

(49) Comments | Posted May 21, 2015 | 9:02 AM

When it comes to the Harper government’s newly announced carbon emissions targets, Jeff Rubin doesn’t mince words.

“It’s a greenwash,” the former chief economist of CIBC World Markets said this week, referring to Harper’s newly-announced plan to cut emissions by 30 per cent from 2005 levels, while omitting...

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House From 'Mean Girls' Goes On Sale In Toronto For $14.8 Million

(2) Comments | Posted May 20, 2015 | 1:02 PM

Whether you love or hate Regina George, the queen-bee social butterfly from “Mean Girls,” you’ve got to admire her house.

And if you’ve got $14.8 million to spare, you can own it.

Sotheby’s has listed the 20,000-square-foot Toronto mansion that played the part of Regina’s house in the...

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Canada's Most, Least Affordable Housing Markets, According To Desjardins

(0) Comments | Posted May 20, 2015 | 8:19 AM

Housing affordability continued to erode in the first quarter of 2015, the third quarter in a row that buying a home has become more difficult in Canada, according to numbers from Desjardins Group.

Of the 18 cities measured in the index, 12 are now listed as being less affordable than...

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Oil Price Collapse Will Cost Canada A Quarter Of Related Jobs This Year: Report

(39) Comments | Posted May 19, 2015 | 2:25 PM

Canada will lose one quarter of all the jobs directly and indirectly related to oil this year, according to an estimate from an industry data analysis group.

Some 185,000 jobs linked to oil and gas will disappear this year, wiped out by a large decline in oil and gas investment,...

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Canadian Consumer Insolvencies Are On The Rise Amid Record-High Debt Loads

(33) Comments | Posted May 19, 2015 | 12:39 PM

For the first time since the Great Recession, the number of Canadians unable to keep up with their debt is on the rise.

“The damage from lower oil prices is starting to show,” CIBC World Markets economist Benjamin Tal says in a new report, noting that the Prairie provinces are...

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Canadian Corporations Had Nearly $200 Billion In World's Top Tax Havens Last Year: CTF

(83) Comments | Posted May 16, 2015 | 9:54 AM

Last year, Canadian corporations held $71 billion in assets in Barbados. They had another $36 billion in the Cayman Islands.

Is Canada’s business elite anticipating a massive boom in beachfront hotels and little paper umbrellas for mixed drinks?

Not likely. More likely, they’re sheltering income earned in Canada from taxes...

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Man Buys House, Gets Wife Thrown In For Free

(2) Comments | Posted May 15, 2015 | 11:43 AM

You may remember a few months back we reported on a woman in Indonesia who put her house up for sale with an unusual signing bonus: Her hand in marriage.

Well, it looks like the unique sales pitch worked.

According to news reports out of...

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‘Impressive' Jump In Home Sales, As Average National Price Hits $448,862

(1) Comments | Posted May 15, 2015 | 11:00 AM

Home sales in Canada were up 10 per cent from a year earlier in April, a jump one economist called “impressive” given that the country’s economy struggled in the early part of this year, in the wake of the oil price collapse.

The average resale price of a house in...

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Revenu Quebec Executes Search Warants At Uber Offices In Montreal

(17) Comments | Posted May 14, 2015 | 11:20 AM

Quebec's revenue agency has opened a new front in the regulatory struggle over the ride service's operations.

Twenty Revenu Québec officers executed two search warrants at Montreal-area offices on Thursday as part of a tax investigation, the agency said in a press statement.

Revenu Québec has "reasonable grounds...

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Uber Wants To Bring You Lunch (And Maybe A Little Something From Hugo Boss)

(0) Comments | Posted May 14, 2015 | 10:44 AM

Uber is kicking it up a notch in Toronto with the launch of its on-demand food delivery service UberEATS.

It’s part of a new strategy by the ride-sharing service to be much more than that, a strategy that could eventually see it offering courier services and merchandise delivery as well.

...
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Oil Price War 'Has Just Started,' IEA Declares

(31) Comments | Posted May 13, 2015 | 4:00 PM

For those hoping that the recent run-up in oil prices means the end of Western Canada’s economic pain, the International Energy Agency has bad news: The oil price war isn’t over. Not by a long shot.

Many in the industry had been hoping that a steep drop in U.S. oil...

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Toronto, Vancouver House Prices Fizzle As ‘Corrections Underway' In Most Markets

(28) Comments | Posted May 13, 2015 | 12:00 PM

So much for Toronto and Vancouver's incredible, incomprehensible house price growth. Prices across Canada are fizzling, and the two hottest (or formerly hottest) housing markets are showing signs of slowdown.

Even oil-price-ravaged Calgary and Edmonton showed stronger house price growth than Toronto and Vancouver in the latest edition of the...

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Kevin O'Leary Explains Why Busy Moms May Make Better CEOs

(2) Comments | Posted May 12, 2015 | 3:45 PM

Kevin O’Leary may think it’s a bad idea to invest in Alberta right now — after all, he believes the province has “fallen off the cliff into a socialist bog” — but there’s one category he does think is a good investment: Companies run by women.

In fact,...

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This Is What Canadian Trade Looks Like Without Oil

(35) Comments | Posted May 12, 2015 | 11:37 AM

Ever since oil prices began collapsing in the second half of last year, many in Canada have been asking: Can our economy survive without oil?

That question is harder to answer these days than it used to be. In previous oil price collapses, Canada didn’t suffer too badly (though the...

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Toronto's Incredible ‘Integral House' On Sale For $28 Million

(9) Comments | Posted April 23, 2015 | 3:49 PM

It was once described by the head of New York’s Museum of Modern Art as “one of the most important private houses in North America,” and now Toronto’s Integral House, as it’s known, is for sale.

The house in the posh Rosedale neighbourhood was built by an unlikely...

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Canadians Are Leading ‘Game Of Thrones' Pirates, And HBO Is Cracking Down

(58) Comments | Posted April 22, 2015 | 4:04 PM

Nearly one in five Canadians who watched “Game of Thrones” in the first week of the new season did so through piracy, more than twice the rate in the U.S., researchers have found.

The news comes as HBO launches a crackdown on viewers, including Canadians, who watch its programs through...

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Tories Quietly Slip Tougher Copyright Rule Into Budget

(56) Comments | Posted April 22, 2015 | 9:10 AM

The Harper government has introduced an extension of copyright terms as part of the federal budget, in a move that is likely a prelude to Canada signing a major new trade deal.

The budget tabled yesterday includes a measure that will extend copyright protection on audio recordings to 70 years...

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