Daniel Tencer
GET UPDATES FROM Daniel Tencer

Entries by Daniel Tencer

U.K. Brain Drain? Brits Search For Work In Canada After Brexit Vote

(0) Comments | Posted June 28, 2016 | 2:16 PM

The U.K.’s loss may be Canada’s gain, if Brits follow through on a sudden interest in working here following the Brexit vote.

Job search site Indeed.com says searches for jobs in EU countries doubled and searches for jobs outside Europe spiked 73 per cent in the U.K. in the immediate...

Read Post

Brexit Wipes $200 Billion Off Fortunes Of World's Richest People

(0) Comments | Posted June 28, 2016 | 12:53 PM

  • Fox News owner Rupert Murdoch calls Brexit "wonderful"
  • Richard Branson warns of UK recession after Virgin Group loses third of value
  • British pro-Brexit billionaire has "no regrets" after stock wipeout

A British billionaire who donated generously to the cause of Britain leaving the EU has seen at least...

Read Post

Brexit Is ‘Kryptonite For The Canadian Dollar,' But Helpful For Indebted Consumers

(65) Comments | Posted June 27, 2016 | 2:38 PM

Currency forecasters expect the oil-hammered Canadian dollar to stay low for longer because of Brexit.

The loonie lost roughly a cent U.S. on Friday as markets reacted to the news that British voters had chosen to leave the European Union, and the loonie’s slide continued on Monday, falling another half-cent...

Read Post

Voltage Pictures' ‘Reverse Class Action' Threatens Canadians' Privacy: Michael Geist

(1) Comments | Posted June 27, 2016 | 1:03 PM

A proposed “reverse class action” lawsuit by a Hollywood film production company risks “further erosion of Internet privacy in Canada,” a leading expert warns.

Voltage Pictures filed an application in the Federal Court earlier this year, requesting the right to file a “reverse class action” against an unknown number of...

Read Post

Canada Needs House Prices To Drop. Here's How To Make It Happen.

(67) Comments | Posted June 24, 2016 | 2:54 PM

Canada's federal Liberals are stuck between a rock and a hard place, and they know it.

With home affordability rapidly deteriorating in Ontario and British Columbia, the public wants action on soaring house prices. On the other hand, outside those two hot provinces, house prices in Canada are...

Read Post

Hugh Segal, Champion Of Basic Income, To Design Ontario's Pilot Project

(36) Comments | Posted June 24, 2016 | 12:43 PM

Former Sen. Hugh Segal has been a vocal proponent of basic income for decades, and now he will have the opportunity to help make the idea a reality.

Ontario’s provincial government has appointed Segal — former chief of staff to Prime Minister Brian Mulroney — as an advisor on the...

Read Post

Brexit's Impact On Canada? A Good Chunk Of Our Growth Gone, TD Bank Predicts

(106) Comments | Posted June 24, 2016 | 8:59 AM

Canada risks losing a significant part of its economic growth this year as a result of the Brexit vote, TD Bank warned Friday.

An early-morning bloodbath washed over global markets as the world digested the news that the U.K. had voted to leave the European Union, and Canada was not...

Read Post

Budtenders Wanted: Canada's Coolest Weed Jobs

(7) Comments | Posted June 22, 2016 | 2:41 PM

Jobs are reportedly booming in Canada’s marijuana economy — both the legal one and the not-so-legal one.

There are dozens of ads, mostly in Toronto and Vancouver, for marijuana trimmers at legally sanctioned medical pot growers, or for "budtenders" who serve customers at the not-entirely-legal marijuana dispensaries that...

Read Post

Canada Reaches A Major Milestone In Its Reliance On Immigration

(166) Comments | Posted June 22, 2016 | 12:16 PM

Canada has become completely reliant on immigrants for job growth, and the proof can be found in StatsCan’s latest employment data.

For only the second time on record, the number of immigrants with a job grew over the last year, while the number of Canadian-born people with a job shrank....

Read Post

Canadian Home Construction Is Soaring Even More Than House Prices

(3) Comments | Posted June 21, 2016 | 2:24 PM

If you thought the juggernaut that is Canadian housing was over (as some are predicting), all we can say is: Not yet.

Statistics Canada reported Tuesday that parts of Canada are seeing a serious housing construction boom.

house construction toronto
Houses are...

Read Post

CPP Expansion Would Be 'Devastating,' Business Groups Say. Economists Disagree.

(106) Comments | Posted June 21, 2016 | 12:41 PM

Business groups are objecting loudly to the CPP expansion plans announced Monday, saying they say will cause job losses and reduce wages. But some of Canada’s most prominent economists are lauding the move, and say the bigger problem is the country’s retirement savings crisis.

The Canadian Federation of Independent Business...

Read Post

CPP Expansion Has Backing Of Vast Majority of Canadians: Poll

(75) Comments | Posted June 20, 2016 | 3:07 PM

As the country’s finance ministers met Monday to work out an agreement to expand the Canada Pension Plan, a new poll found Canadians overwhelmingly support the idea.

Seventy-five per cent of respondents in a new Angus Reid poll say they support growing the CPP either “significantly” or “moderately,”...

Read Post

Canadian Housing Crash Would Cost Banks Billions: Moody's

(33) Comments | Posted June 20, 2016 | 12:52 PM

The situation in Canada looks similar to that in the U.S. before its housing bubble burst in 2008, says Moody’s Investor Service — but Canada’s banks would be better able to withstand the shock of a price downturn.

The report from the ratings agency is the latest sign the financial...

Read Post

Interest Rates Are The Lowest They've Been In 5,000 Years: Bank Of America

(33) Comments | Posted June 20, 2016 | 8:36 AM

If you’re planning to borrow money, you’ll be happy to hear there hasn’t been a better time in 5,000 years to do it. But what's good for your monthly home payments may not be so good for the world economy.

Interest rates today are the lowest they’ve been at least...

Read Post

Rental Rates In Canada Are Falling: Here Are The Cheapest And Priciest Cities

(11) Comments | Posted June 18, 2016 | 1:00 PM

Rental rates fell in May in many Canadian cities, according to a newly-launched survey, but that doesn’t mean renting a place to live is suddenly super-cheap.

A two-bedroom apartment in Vancouver rents for $1,000 more than a similar place in Toronto, according to rental site Padmapper — $2,780...

Read Post

Walmart Pay Coming To Canada Amid Dispute With Visa: Report

(33) Comments | Posted June 18, 2016 | 1:00 PM

Walmart could bring its own electronic payment system — Walmart Pay — to Canada next year, strengthening its position in a fight with Visa over credit card fees, the Globe and Mail is reporting.

Citing unnamed “sources,” the newspaper says Walmart’s own payment system could be in place in Canada...

Read Post

Microsoft Becomes First Known Multinational To Serve Marijuana Industry

(52) Comments | Posted June 16, 2016 | 4:58 PM

Microsoft has become the first known multinational corporation to get involved in the marijuana industry — at least legally.

Its involvement won't be very direct — the company behind Windows won’t be selling bongs and hemp seeds anytime soon. But it has partnered with Kind Financial, a California...

Read Post

Canadian Bank Chiefs Put Mansions On Sale After Warnings

(110) Comments | Posted June 16, 2016 | 1:43 PM

Are Canada’s bankers losing faith in the housing market?

That’s a legitimate question to ask, given what some of the country’s most prominent Big Bank execs have been saying — and doing.

brian porter scotiabank
Scotiabank CEO Brian Porter is selling his posh Toronto townhouse...

Read Post

Britain Leaving The EU Would Hit 2 Canadian Provinces Hardest

(40) Comments | Posted June 16, 2016 | 9:12 AM

With a week left until the British vote on whether or not to leave the European Union, polls suggest the odds of a “Brexit” are on the rise.

That’s got many experts finally taking the situation seriously, trying to figure out what the impact on the world will be if...

Read Post

Netflix Canada Is Crushing Shomi And CraveTV

(5) Comments | Posted June 15, 2016 | 3:03 PM

It seems raising prices and blocking Canadians from viewing its U.S. catalog hasn’t hurt Netflix much.

A new report from Solutions Research Group estimates that the streaming service added one million new subscribers in Canada just since June 2015, far surpassing subscriptions at the Canadian alternatives to Netflix — CraveTV...

Read Post