Daniel Tencer

Entries by Daniel Tencer

Are You A Property Investor Or Speculator? A Quick Quiz To Find Out

(2) Comments | Posted March 25, 2017 | 11:02 AM

A new study out of Toronto estimates that up to three in 10 homes in that city are being bought up by property investors and speculators.

Below is a simple, two-question test to find out whether you are an housing investor or a speculator.

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China Wants Total Access To Canada, May Seek To Import Its Own Workers

(149) Comments | Posted March 25, 2017 | 10:42 AM

China’s government is seeking full access to Canada’s economy in free trade talks, a move that could result in Chinese state-owned companies bringing their own employees to work on projects in Canada.

China’s ambassador to Canada, Lu Shaye, told the Globe and Mail his government wants to avoid...

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Bill Morneau: Basic Income 'Not Something We're Looking At'

(33) Comments | Posted March 24, 2017 | 6:29 PM

The federal Liberal government is not looking at instituting a basic income, and will focus instead on strengthening existing social programs, said Finance Minister Bill Morneau.

A basic income is “not something we’re looking at,” Morneau said during a digital town hall at The Huffington Post Canada on Friday.

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Job Losses Ahead? Ontario Union Lashes Out At Basic Income

(75) Comments | Posted March 23, 2017 | 1:21 PM

Ontario’s principal public service union says it will not support the province’s basic income experiment if it means job losses for social workers.

"Frontline social assistance staff are open to seeing their job descriptions evolve, but there is no way we will support any new model of social assistance delivery...

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Toronto Property Speculators, Investors Snatch Up 3 In 10 Homes: Study

(30) Comments | Posted March 23, 2017 | 8:41 AM

Here’s a partial explanation for why it seems like no one can find a home to buy in Greater Toronto these days: The market is increasingly in the hands of investors and speculators who are buying up as many as three in 10 homes in the region.

That’s according to...

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Liberals' Premium Hikes Mean Years Of Falling Take-Home Pay: CFIB

(68) Comments | Posted March 22, 2017 | 6:34 PM

Canada’s small business lobby group is “relieved” that this year’s federal budget didn’t hit businesses harder than it did, but is expressing concerns about increases to the deductions taken from employee paycheques.

The Canadian Federation of Independent Business said the “biggest negative” in the budget is a 3-per-cent increase in...

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Halting Global Warming Could Make World $19 Trillion Richer: Report

(21) Comments | Posted March 21, 2017 | 4:06 PM

If oil prices don’t bounce back, Canada could just try meeting the Paris Agreement's climate targets instead.

Research from the International Renewable Energy Agency (IRENA) concluded that the world stands to be as much as $19 trillion wealthier than it otherwise would have been, if it rises to...

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Tax House-Flippers, Toronto Urged As Prices Forecast To Soar Again

(39) Comments | Posted March 21, 2017 | 2:02 PM

With a new forecast predicting another house price jump of up to 25 per cent Toronto this year, economists at Scotiabank are urging the government to slap a tax on house-flippers.

“The idea, simply, would be to raise the cost of speculation, without excessively interfering with the market mechanism,” Scotiabank...

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Even Toronto's 1% Are Being Priced Out Of Housing Market: BMO

(29) Comments | Posted March 17, 2017 | 12:22 PM

Toronto’s runaway house prices could threaten the city’s economy if even the wealthiest one per cent of earners find themselves priced out of the market, as is now happening, the Bank of Montreal’s economics branch is warning.

BMO chief economist Douglas Porter crunched the numbers and found that someone earning...

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Subway To Sue CBC For Hundreds Of Millions Over Chicken Report

(290) Comments | Posted March 17, 2017 | 9:36 AM

Subway is fighting back against a CBC report saying the fast food chain’s chicken is only about half chicken.

"We have issued a Notice of Action in Canada against the Canadian Broadcasting Corporation that asks for $210 million in damages over allegations made by its program, 'Marketplace,' that are defamatory...

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Trump's Hat ‘An Invitation To Canada,' Newspaper Declares

(1) Comments | Posted March 16, 2017 | 4:46 PM

An unusual ad has appeared on the streets of Poland's capital, Warsaw.

It features a picture of Donald Trump's famous "Make America Great Again" hat, and a declaration that "This is not a hat. It's an invitation to Canada."

Despite appearances, the ad is not an attempt to lure emigres to Canada instead of the U.S. It's an ad for one of Poland's most prominent daily newspapers — Gazeta Wyborcza, a paper founded in 1989 as a source of uncensored news when the country’s Soviet-backed communist government collapsed.

It appears to reference recent news that refugees in the U.S. have been crossing the border into Canada, in the wake of Trump’s attempts to ban travellers from a number of Muslim-majority countries. The story has been covered widely in Polish media.

The ad also references the famous 1929 painting by Rene Magritte, titled “The Treachery of Images,” which features the words “This is not a pipe” underneath the image of a pipe.

magritte treachery of images
(Credit: Wikimedia Commons)

The painting is seen as self-referential, in essence saying that it not a pipe itself, but rather a depiction of a pipe.

On social media, the Gazeta Wyborcza billboard has caused as much confusion as controversy, with some interpreting the move as another sign of the newspaper's anti-conservative stance.

Gazeta has taken an active role in Poland’s current political crisis, in which a scattered and disunited left wing has been fighting the ruling ultra-conservative Law and Justice (PiS) party.

The PiS government of Prime Minister Beata Szydlo and President Andrzej Duda has been compared to the Trump administration.

Some commenters of the ad suggest most Poles wouldn't understand the campaign.

"At most 20 per cent of Poles will understand this," wrote one commenter on Facebook. "And they [Gazeta] wonder why their circulation is dropping."

"I don't see what all the fuss is about," another commenter wrote. "It's just a left-wing comment on the current state of U.S....

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Foreigners (Read: Netflix) Spend More On CanCon Than Local Networks

(5) Comments | Posted March 16, 2017 | 2:44 PM

Netflix has been arguing for a few years that it is a major contributor to the creation of Canadian content — an argument that has often been dismissed out of hand.

But a new report from a Canadian media industry group suggests the streaming service may be telling it like...

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Air Canada CEO Calin Rovinescu Prefers Trump's Policies To Trudeau's

(42) Comments | Posted March 16, 2017 | 12:20 PM

The CEO of Air Canada says he prefers U.S. President Donald Trump’s policies over those of the Trudeau government, at least when it comes to his business.

“This [Canadian airline] industry isn’t from a taxation perspective adequately competitive,” Calin Rovinescu said, as quoted by Bloomberg News. “We know...

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McDonald's Twitter Account Attacks Trump; Chain Says Account 'Compromised'

(69) Comments | Posted March 16, 2017 | 10:59 AM

McDonald's Corp. took the strongest stance of any corporation yet against U.S. President Donald Trump, labeling him "a disgusting excuse of a president" and calling for the return of President Barack Obama.

Except, of course, it wasn't the work of McDonald's itself. The company quickly pulled the tweet offline Thursday,...

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Where Rents Are Rising And Falling In Canada

(9) Comments | Posted March 15, 2017 | 4:05 PM

Vancouver remains the priciest city in Canada to rent an apartment, but it’s Toronto and its surroundings that are seeing the largest spike in rental prices, according to the latest Padmapper report.

The rental listings site's data shows the average price of a one-bedroom in Vancouver remained at...

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Cord-Cutting In Canada Accelerates Despite ‘Skinny Basic' Option

(16) Comments | Posted March 15, 2017 | 2:54 PM

Canadians ditched cable and satellite TV services in record numbers last year, despite new TV options mandated by Canada’s telecom watchdog, the CRTC.

According to data from Boon Dog Professional Services, 202,000 Canadian households ditched cable or satellite in 2016, up from around 160,000 the year before.

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Canada Faces Clash Of 2 Core Values: Environment And Immigration

(44) Comments | Posted March 14, 2017 | 5:25 PM

David Suzuki, the eminence grise of Canadian environmentalism, got in some political hot water back in the fall of 2013, when he declared that Canada is "full" and needs to cut back on immigration.

"Our immigration policy is disgusting," he told France's L'Express newspaper. "We plunder southern countries by depriving...

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Canada Has Among World's Highest Rates Of ‘Severe' Rental Costs

(43) Comments | Posted March 14, 2017 | 12:36 PM

Nearly a fifth of Canadian renters spend more than half their total income on their rent, according to an analysis from Harvard University that suggests governments may want to get back into the business of building affordable housing.

Canada joined the U.S., Spain and U.K. among the countries where...

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The Top-Paying Jobs That Are Hiring In Canada's Major Cities

(8) Comments | Posted March 13, 2017 | 4:31 PM

Canada’s job situation isn’t looking half bad these days, with the unemployment rate hitting 6.6 per cent in February, its lowest level in two years. The country added a stellar 105,000 full-time jobs last month, and overall employment is up 1.6 per cent over the past year, beating population growth.

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Toronto's Housing Bubble Has 24 Months To Live: BMO

(97) Comments | Posted March 13, 2017 | 12:08 PM

Desperate homebuyers, take a two-year breather. Housing speculators, take warning.

Toronto’s house-price juggernaut is two years away from the sort of peak it reached it 1989, when a housing bubble burst in the city, BMO Economics says.

“At the rate we’re now going with 20-per-cent year-on-year price increases, assuming...

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