Daniel Tencer
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Toronto's Middle Class Is About To Be Priced Out Of The Condo Market

(4) Comments | Posted December 3, 2016 | 2:15 PM

The federal Liberal government’s tighter new mortgage rules seemed to do little to slow Greater Toronto’s housing market in November, with the city’s average home resale price soaring 22.7 per cent compared to a year earlier.

Single-detached home prices in the city of Toronto jumped by 32.3 per cent in...

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Canada's Unemployment Rate Drops For The Wrong Reason

(15) Comments | Posted December 2, 2016 | 8:58 AM

Canada's jobless rate fell to 6.8 per cent in November, from 7 per cent the month before, but not because the country is churning out jobs.

Rather, job-seekers are dropping out of the workforce, reducing the number of people looking for work, Statistics Canada said in its Labour Force Survey...

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Liberals' Stimulus Spending So Small It's A Drag On Economy: BMO

(17) Comments | Posted December 1, 2016 | 3:42 PM

Canada’s economy grew at the fastest pace in more than two years in the third quarter of 2016, but Prime Minister Justin Trudeau can take very little credit for the turnaround — at least so far.

According to numbers crunched by Doug Porter, the chief economist at BMO...

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Steven Mnuchin, Trump Treasury Pick, Made Millions Foreclosing On 36,000 Homes

(57) Comments | Posted December 1, 2016 | 1:09 PM

President-elect Donald Trump’s pick for Treasury secretary has many observers worried the new administration will have little sympathy for struggling homeowners.

Trump’s transition team announced Wednesday that Steven Mnuchin, a former partner at Goldman Sachs and a Hollywood producer with an estimated net worth of $40 million, has...

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Canada May Face Marijuana Shortage When It's Legalized: Canaccord

(11) Comments | Posted November 30, 2016 | 4:16 PM

As a law-abiding news organization, we can't advise you to stock up on illegal weed before it goes legal.

But.

Canada’s system for licensing marijuana producers is so tough that there likely won’t be enough producers to meet demand when the federal Liberals legalize the herb, say analysts at Canaccord...

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Amazon Prime Video, Top Netflix Competitor, Launches In Canada This Week: Reports

(40) Comments | Posted November 30, 2016 | 2:00 PM

Amazon is keeping quiet about its plans for Amazon Prime Video’s expansion around the world, but a Bell Media executive has said the service is coming to Canada this week.

"Now, a new global [streaming] competitor — Amazon Prime — is entering the Canadian market in two days," Bell Media...

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Archive.org Moving To Canada Over Trump Censorship Fears

(9) Comments | Posted November 30, 2016 | 12:30 PM

The data isn't in yet on whether Americans are packing for Canada in droves following Donald Trump's electoral win, but a digital copy of the history of the Internet is going to make the move north.

Archive.org, a digital library that caches and indexes older versions of websites for the...

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Canada's Best Credit Cards Of 2016, According To RateSupermarket

(0) Comments | Posted November 30, 2016 | 9:39 AM

If you do any significant amount of shopping on your credit cards, knowing which ones to use could save you dozens if not hundreds of dollars a year.

RateSupermarket, a financial products comparison site, ranked the credit cards available in Canada to see which ones are the best, defined as...

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Trudeau's Pipeline Approvals Get Praise From Big Oil, But Opponents Vow Fight Not Over

(65) Comments | Posted November 29, 2016 | 7:48 PM

Although it’s “disappointed” that the federal Liberals rejected the Northern Gateway pipelines project, Canada’s oil industry celebrated the approval of the Trans Mountain expansion and Line 3 pipelines Tuesday.

Opponents, however, said the decision will make it difficult for Canada to meet the emissions reductions it pledged as part of...

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If Toronto & Vancouver Are ‘Superstar Cities,' Get Ready To Rent

(4) Comments | Posted November 29, 2016 | 1:09 PM

Home ownership is a big deal in Canada, but as housing becomes more scarce and expensive in Toronto and Vancouver, many residents of those cities will give up dreams of homeownership — whether by choice or not.

In fact, a decade from now, the stigma surrounding renting will have disappeared...

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Canadian Inequality Widening As More Land In Low-Wage Work: CIBC

(8) Comments | Posted November 29, 2016 | 8:58 AM

Canada hasn’t yet turned into a nation of “hamburger flippers,” but a new study from CIBC Economics says the country has seen “a slow but steady deterioration” in job quality over the past two decades that is widening the income gap.

The report comes in the wake of data showing...

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Vancouver Neighbourhood Sees 0% Vacancies As Oil Cities See Record Highs

(8) Comments | Posted November 28, 2016 | 9:33 PM

  • Toronto: 544 new apartments for 80,000 new people
  • Oil cities see record-high vacancies
  • Increased migration pushing up rent prices

It keeps getting harder and harder to rent an apartment in Toronto or Vancouver, where one neighbourhood recorded a zero-per-cent vacancy rate in a rental market survey...

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Automation Will Cost Canada Up To 7.5 Million Jobs: Report

(97) Comments | Posted November 28, 2016 | 4:37 PM

Canada should consider radical changes to its social safety net as the country faces the loss of up to 7.5 million jobs to automation in the next 10 to 15 years, says a new study from a think tank at the University of Toronto.

Even people in high-income jobs won’t...

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Canada's Inflation Is Eating All Your Wage Gains, And Then Some

(25) Comments | Posted November 25, 2016 | 10:58 AM

  • Nationwide wages down 0.9% in a year, adjusted for inflation
  • Canada shifting to lower-quality jobs
  • September was (sort of) a good month for employment

Inflation in Canada is minimal these days, but it's still stronger than wage growth, meaning wages are effectively falling.

The average weekly earnings of...

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OMICS, Owner Of Canadian Medical Journals, Caught Running Fake Science

(29) Comments | Posted November 23, 2016 | 4:54 PM

As if we haven’t got enough fake news around on social media, now comes word that some of Canada’s most prominent medical journals may also be publishing nonsense.

The new owner of two of Canada’s most prominent medical journal publishers has been caught in the act of publishing fake science.

...
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Trumponomics Will Send Loonie Down To 70 Cents U.S.: Forecast

(1) Comments | Posted November 23, 2016 | 2:03 PM

Donald Trump’s economic agenda will be among the factors that will push down the Canadian dollar to as low as 70 cents U.S. next year, currency analysts predict.

Markets are betting that Trump’s plans to massively increase infrastructure spending while cutting taxes — increasingly known in business and finance circles...

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Canadians' Quality Of Life Not Keeping Up With Economic Growth: Study

(39) Comments | Posted November 23, 2016 | 9:56 AM

A growing economy is supposed to raise people’s standards of living, but a new study suggests this effect is breaking down in Canada.

An index of wellbeing published by the University of Waterloo found that Canada’s economy grew by 38 per cent per person between 1994 and 2014,...

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A ‘Marijuana Stock Bubble' In Canada? Investors Bet Millions There Is

(2) Comments | Posted November 22, 2016 | 4:37 PM

Is there a bubble in marijuana stocks?

Many investors seem to think so. The amount of money betting against Canada’s largest medical marijuana producer, Canopy Growth, exploded in the first two weeks of November, according to TSX data compiled by the Globe and Mail.

There were 102,000 shares...

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Manufacturing in Canada Fading Much Faster Than In U.S. Since NAFTA

(15) Comments | Posted November 22, 2016 | 2:02 PM

As Donald Trump campaigned this fall against free trade deals like NAFTA, Canada’s government celebrated the signing of a new trade deal with the EU.

It’s a reflection, in part, of how negative attitudes in the U.S. have become about foreign trade, and a reflection of Canadians’...

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Trump's Meeting With Media Execs Was ‘Like A F--king Firing Squad'

(96) Comments | Posted November 22, 2016 | 9:33 AM

President-elect Donald Trump reportedly tore a strip off some of the U.S.’s top news media executives in an off-the-record meeting Monday, according to news reports that the Trump team is denying.

The New York Post cited an unnamed source who said Trump began the meeting with an attack...

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