Daniel Tencer
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Entries by Daniel Tencer

Electra Meccanica Solo, Canadian 3-Wheeled Car, Could Be Game-Changer

(0) Comments | Posted September 12, 2016 | 4:07 PM

North American hasn't seen many three-wheeled cars on the roads since, well, ever.

But one West Coast company is hoping to change that with a car that promises to drive you to work with "minimal expense and harm to the environment.”

British Columbia-based Electra Meccanica Vehicles (EMV) is rolling out...

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Canadian Students Threatened With Deportation Over Downloading

(0) Comments | Posted September 12, 2016 | 1:12 PM

Copyright owners have sent letters to students accused of unauthorized downloading that amount to “extortion,” threatening them with extreme consequences if they don’t pay hundreds of dollars, the University of Manitoba says.

Under Canada’s “notice and notice” system, internet service providers — including universities — are required to forward notices...

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Most Foreign Workers Hired Without Proof No Canadian Could Be Found: Study

(0) Comments | Posted September 10, 2016 | 11:46 AM

As the federal Liberals prepare for what’s expected to be an expansion of Canada’s foreign worker programs, a new study says businesses have been increasingly hiring foreign nationals without proving no Canadians could be found to do the job.

The report also says the new free trade deals...

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Canada's Job Growth Surprisingly Strong In August, StatsCan Data Shows

(0) Comments | Posted September 9, 2016 | 8:54 AM

Employment in Canada grew by 26,000 in August, Statistics Canada said Friday -- a much stronger number than economists had been expecting.

Still, the country's unemployment rate rose a notch to 7 per cent as more people entered the workforce to look for jobs, the statistical agency said.

Beneath the...

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Toronto ‘Masters Quality Of Living,' Ranks As World's 3rd-Best City To Live, Work

(0) Comments | Posted September 8, 2016 | 3:13 PM

Toronto has “mastered quality of living,” helping the city rank as the world’s third-best major metro area in which to live and work in a new study.

The seventh edition of the “Cities of Opportunity” report from business consultancy PricewaterhouseCoopers (PwC) names London the best city in the world for...

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Canadian Economy Needs 10, 15 Years To Reinvent Itself, RBC CEO Says

(0) Comments | Posted September 8, 2016 | 12:38 PM

  • Canada lost 7,000 export companies during last crisis
  • Economy hasn’t been this idle since Great Recession
  • As oil and exports fizzle, dependence on housing grows

The head of RBC has openly said what some economists have been quietly arguing for some time now: Canada’s economy is in the...

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Canadian Tuitions 45% Higher Than A Decade Ago, And Still Rising

(0) Comments | Posted September 7, 2016 | 3:39 PM

University students entering lecture halls this week are paying 45 per cent more in tuition than their counterparts did a decade ago.

Statistics Canada reported Wednesday that full-time undergraduate tuitions rose 2.8 per cent in the past year, to $6,373 this school year from $6,201 last year.

...
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Vancouver Declared Canada's 1st ‘Millionaire City,' But Oshawans Get Rich Fastest

(0) Comments | Posted September 7, 2016 | 11:18 AM

  • Debt loads growing faster than incomes, but not as fast as wealth
  • Toronto unseats Vancouver as second-richest city
  • Retirement pensions are Canadians' fastest-growing assets

Vancouver households may earn less than the Canadian average, but new research shows soaring house prices have made its residents the wealthiest...

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Don't Look Now, But Canadian Jobs Might Actually Be Booming

(0) Comments | Posted September 6, 2016 | 3:52 PM

For those of you worried about all the bad news coming out recently about Canada’s job market, here’s a rare bit of good news: Those negative numbers might just be wrong.

Statistics Canada’s closely-watched labour force survey (LFS) has depressed job-seekers almost every month this year, but an alternate measure...

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Canadian International Air Travel Is The World's Most Expensive: Survey

(0) Comments | Posted September 6, 2016 | 1:00 PM

It’s little wonder so many Canadians hop across the border for cheaper flights: A new study estimates Canada has the world’s highest costs for international air travel. And by a longshot.

According to a survey by Kiwi.com, Canadians pay an average of US$94.66 per 100 km of international...

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B.C. Liberals To ‘Get The Blame' As Vancouver Home Sales Plunge 85%

(256) Comments | Posted August 19, 2016 | 1:29 PM

B.C.’s Liberal government will likely take a political hit for their decision to impose a foreign buyer tax on the Greater Vancouver housing market, even though the city's housing correction began before the tax took effect, a report from Capital Economics says.

“We would be amazed if B.C.’s Finance Minister,...

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Joseph Stiglitz Urges Canada To Tax Profits On Rich People's Homes

(0) Comments | Posted August 18, 2016 | 3:18 PM

Canada should consider taxing uninhabited houses as well as profits from the sale of high-priced homes to reduce the risk of a housing bubble, Nobel-winning economist Joseph Stiglitz says.

Stiglitz, a former head of the World Bank and current adviser to Hillary Clinton’s presidential campaign, made his comments in

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Canada Beats U.S. On Women In Workforce, And Mat Leave May Be Why

(0) Comments | Posted August 18, 2016 | 12:12 PM

When it comes to women in the workforce, Canada and the U.S. are beginning to look like night and day.

In the 1990s, the share of women working in Canada was the same as the share in the U.S., with about 77 per cent of women aged 25 to 54...

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Millennial Debt Delinquencies Soaring In Canada, Equifax Report Says

(0) Comments | Posted August 18, 2016 | 8:54 AM

A new report from credit agency Equifax shows debt delinquencies continue to soar in Canada's oil-producing regions, but it also shows a troubling new trend: Canada's youngest debtors are increasingly having a hard time managing their debt.

The report, which looked at non-mortgage debt, found delinquencies spiked by 11.7 per...

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Oil And The Loonie Are Getting A Divorce

(57) Comments | Posted August 17, 2016 | 4:33 PM

Fairly or unfairly, global currency traders have long seen the Canadian dollar as a “petro-currency,” buying it up like hotcakes when oil prices are high, and ditching it like a hot potato when oil takes a dive.

But this loonie-oil marriage is beginning to come apart, at least for the...

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Meridian Vows Not To Be 'Hostage To Earnings' As It Launches National Bank

(0) Comments | Posted August 17, 2016 | 11:03 AM

An Ontario credit union with a penchant for eye-catching mortgage promotions is moving forward with plans to launch a national bank to compete with Canada’s Big Five.

Meridian Credit Union announced Wednesday that it plans to launch digital banking services nationwide in 2018, pending federal approval. And the...

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Get Used To Renting, CIBC Tells Torontonians

(0) Comments | Posted August 16, 2016 | 5:07 PM

An overwhelming majority of Toronto’s residents — including millennials — want to own a single-family home, according to a new study from Ryerson University.

For many those dreams will be dashed on the rocky shores of rising house prices, which the Ryerson study and a new...

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Legal Weed Spurs Real Estate Boom In U.S. States

(0) Comments | Posted August 15, 2016 | 4:08 PM

It's a sign of just how relaxed attitudes have become towards weed in states where it’s been legalized for recreational use: Home sellers in Oregon are reportedly featuring pics of marijuana and/or hemp plants in their ads, intentionally or otherwise.

NBC affiliate KGW in Portland, Ore., reported on...

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Canadian Housing ‘Close To Peak Crazy,' B.C. Faces Long Decline: Reports

(33) Comments | Posted August 15, 2016 | 12:30 PM

  • Vancouver sees sharpest drop in home sales of any city
  • National average price falls below half-million mark
  • Toronto to take over as real estate hotspot?

Many economists are ready to call a peak in Canada’s housing markets after the Canadian Real Estate Association reported Monday that sales fell...

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'Pokemon Go Administrator' Job Ad Proves The Game Is A Game-Changer

(0) Comments | Posted August 13, 2016 | 3:10 PM

The sharing economy is so last month. Welcome to the Pokemon Go economy, where you can make money playing the augmented-reality game.

In fact, being a Pokemon Go player is the only prerequisite for a job being advertised at Woodbine Entertainment Group, the company that runs Toronto’s Woodbine...

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