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Entries by Daniel Tencer

Lawsuit Alleges Anti-Canadian Prejudice In Washington, DC, Police

(0) Comments | Posted July 28, 2015 | 5:54 PM

We've all heard of prejudice against ethnic groups, but here's one ethnic group you don't often think of as victims of discrimination: Canadians.

A former employee of Washington, D.C.’s Metropolitan Police Department (MPD) has brought a workplace harassment lawsuit against the force, accusing a former supervisor of discriminating against her...

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Data Doesn't Show A Canadian Recession, C.D. Howe Economists Say

(18) Comments | Posted July 28, 2015 | 2:50 PM

Canada’s economy shrank in the first four months of the year, but the evidence does not show a recession and it’s “too soon to declare a downturn,” according to a poll of 12 prominent economists on a C.D. Howe Institute council.

“The data do not at this time allow declaring...

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LOOK: Canada Selling Aussie Mansion For 127 Times The Purchase Price

(4) Comments | Posted July 27, 2015 | 3:29 PM

Australia’s residential real estate market is so hot it’s probably the one country that gets more predictions of a housing bubble than Canada.

So hot, in fact, that the Canadian government stands to make a pretty hefty profit on its consul-general’s residence in Sydney.

The house in the...

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'Nothing In Analyzable History' To Compare To Oil Price Crash, Analyst Warns

(141) Comments | Posted July 27, 2015 | 1:09 PM

  • Worst oil price crash in 45 years, Morgan Stanley says
  • Nearly one-third of $200B in cancelled projects are in Canada
  • Energy industry now a drain on job growth

Anyone hoping for a quick recovery in oil prices should prepare to be disappointed.

What looked like a bounce-back in...

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‘Don't Count' On Economic Boost From Tories' Child Benefit Cheques: CIBC

(28) Comments | Posted July 24, 2015 | 2:19 PM

Recent polling suggests the $4 billion in Universal Child Care Benefit cheques the Harper government is mailing out this month is giving the Tories a boost in the polls. But there probably won't be a similar boost to the economy from the cheques, CIBC says in a new...

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Amazon Is Now Bigger Than Walmart, At Least According To The Stock Market

(1) Comments | Posted July 24, 2015 | 12:41 PM

Maybe it was inevitable: Retail’s online giant has just unseated retail’s brick-and-mortar giant on the stock market. Based on market value, Amazon is now bigger than Walmart.

Amazon shares surged more than 15 per cent in overnight trading Thursday night following a better-than-expected quarterly earnings report, sending the online retailer’s...

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Ontario's Plan For Highway Lanes For The Rich Sends A Terrible Message

(99) Comments | Posted July 23, 2015 | 5:19 PM

Are you like me? Did you suspect right off the bat that Ontario's "temporary" HOV lanes for the Pan Am Games would prove not to be temporary at all?

Those of us who did have been vindicated by Ontario Premier Kathleen Wynne's confirmation this week that the province plans to...

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Valeant Is Canada's New Largest Company, Because Health Care Stocks Are Going Wild

(0) Comments | Posted July 23, 2015 | 2:47 PM

Canada has a new largest company, and for once it isn’t a bank.

Laval, Quebec-based Valeant Pharmaceuticals surpassed the Royal Bank of Canada on Thursday to hold the title of Canada’s largest company, by market value.

With Valeant’s shares up about 4.4 per cent as of 2 pm ET, following...

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$400 Million Class-Action Lawsuit Launched Against Uber In Ontario

(27) Comments | Posted July 23, 2015 | 12:58 PM

On the same day that Uber announced a major expansion of its UberX ride service in Ontario, a Toronto-area cabbie has launched a class-action lawsuit against the service, seeking $400 million in damages over lost income.

Lawyers for Dominik Konjevic, a licensed taxi driver in Mississauga, say the claim is...

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‘Doomsday Scenario': Ashley Madison Might Not Survive Hack Attack, Experts Say

(13) Comments | Posted July 22, 2015 | 5:04 PM

The hackers who allegedly broke into Ashley Madison, the dating site for cheaters, say they will release the identities of the site’s 37 million subscribers if the site isn’t shut down.

But some PR experts and market analysts say the hackers won’t even have to go through with their...

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Majority Believes Canada Already In Recession: Poll

(17) Comments | Posted July 22, 2015 | 2:08 PM

A majority of Canadians isn't buying Finance Minister Joe Oliver’s assertions that Canada has avoided a recession.

Fifty-eight per cent of respondents in a new poll from Forum Research say Canada is in a recession right now, with less than a third — 29 per cent — saying...

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Cheap Oil, Pricey Gas ‘A Lose-Lose Situation': BMO

(98) Comments | Posted July 22, 2015 | 9:33 AM

There was supposed to be a silver lining to the oil price collapse that has devastated Western Canada’s economy. Lower energy prices would lead to lower gas prices, which would put more money in consumers’ pockets and help Canada’s economy avoid a recession.

But if you’re a regular driver, you’ve...

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Fitch: Canadian Homes 20% Overvalued, Correction Coming

(31) Comments | Posted July 20, 2015 | 12:27 PM

Some parts of Canada have seen runaway house price growth so far this year, but Fitch ratings agency says all that is coming to an end soon.

The agency estimates that homes are about 20 per cent overvalued, with some variation depending on the region, and the market is headed...

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NFL In Court To Stop Canadians Seeing U.S. Super Bowl Ads

(13) Comments | Posted July 18, 2015 | 12:18 PM

The NFL is intervening in a court case that could determine whether or not Canadians will see U.S. Super Bowl ads, according to multiple news reports.

The CRTC, Canada’s telecom regulator, announced a rule change in January ending “simsub,” or simultaneous substitution, of Canadian ads during the Super...

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Canada 'Building 2 Houses For Every New Person'

(10) Comments | Posted July 17, 2015 | 2:56 PM

  • Decline in home-buying population to drag down housing
  • BMO sees protracted slump starting in 2018
  • Hilliard MacBeth sees it starting this summer

With the Bank of Canada cutting interest rates again this week, talk has turned to what it means for the housing market — and whether lower...

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Kevin O'Leary ‘Really Hates' Bank Of Canada's Rate Cut

(28) Comments | Posted July 16, 2015 | 3:03 PM

Kevin O’Leary can’t state strongly enough how much he disagrees with the Bank of Canada’s decision to cut interest rates.

“There’s nothing good about what happened yesterday,” the famed investor and TV personality told CTV News, referring to the Bank of Canada’s decision Wednesday to cut its key...

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Tim Hortons Offering Buyouts To 15% Of Office Staff

(1) Comments | Posted July 16, 2015 | 1:04 PM

Tim Hortons has offered buyouts to 15 per cent of its corporate workforce, the doughnnuts-and-coffee chain confirmed Thursday.

The company made the offers to staff in its Oakville, Ont., headquarters and at regional offices and distribution centres across Canada, but excluded sales staff at its restaurants.

It has 2,300 employees...

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Canada Less And Less Important To U.S. Economy, Trade Numbers Show

(36) Comments | Posted July 16, 2015 | 9:14 AM

It was a little alarming to hear the Bank of Canada declare Wednesday that it was “puzzled” by the lack of strength in Canadian exports. After all, if even the central bank can’t explain why exports haven’t boomed under a low loonie, what chance do the rest of...

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Insanity? Cheaper Loans On Offer 12 Minutes After BoC Rate Cut

(13) Comments | Posted July 15, 2015 | 3:46 PM

Get ready for Canada’s borrowing frenzy to get even more frenzied, thanks to the Bank of Canada’s interest rate cut — a move even some realtors say could “overstimulate” the already hot housing markets in some Canadian cities.

It took only 12 minutes for TD Bank to be out of...

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Railway Threatens To Sue Academic Who Inspected Lac-Megantic Tracks

(13) Comments | Posted July 15, 2015 | 9:41 AM

The railway that operates the track running through Lac-Megantic has threatened to sue a university lecturer who inspected the tracks and said they continue to be dangerous.

Central Maine and Quebec Railway (CMQ) “has not authorized any third-party to inspect any portion of its railway. Walking near or around railway...

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