Daniel Tencer

Entries by Daniel Tencer

Payday Lending In Canada Doubles As Household Debt Rises

(0) Comments | Posted October 25, 2016 | 3:16 PM

Canadian consumers are increasingly relying on high-interest payday lenders to make ends meet, as household debt keeps climbing faster than incomes.

A new federal government study says payday lending in Canada more than doubled in five years.

cash money payday lender
A CashMoney drive-through sign...

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Driverless Truck Launched As Job ‘Catastrophe' Said To Be 4 Years Off

(88) Comments | Posted October 25, 2016 | 2:17 PM

A self-driving truck developed by an Uber subsidiary has gone on a 193-kilometre (120-mile) beer run for Budweiser, in the latest sign yet that self-driving technology is just around the corner.

And that begs the question: What are truckers going to do for a living now?

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Shoppers Drug Mart Marijuana Could Really Be A Thing

(33) Comments | Posted October 25, 2016 | 11:27 AM

Shoppers Drug Mart is officially jumping into the medical marijuana game, in a move that appears to set the stage for retail sales of the drug once the federal Liberals have legalized pot.

The Loblaw Co.-owned pharmacy chain says it has applied to the federal government to distribute medical marijuana....

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‘Scion': Trump Hotels Get A New Name As Bookings Plunge

(11) Comments | Posted October 24, 2016 | 4:32 PM

Donald Trump’s own hotel business seems to be turning its back on on the Trump brand.

Trump Hotels has announced it plans to launch “Scion,” a new hotel brand targeted at younger consumers. The company’s existing hotels will retain the Trump brand, but new hotels under the Scion brand will...

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Stephen Poloz: Don't Sweat Deficits, Canada Can Handle It

(74) Comments | Posted October 24, 2016 | 2:40 PM

The head of the Bank of Canada strongly suggested Sunday that he is just fine with the federal Liberals’ deficit spending plans.

“Canada is in a very good fiscal situation, so we shouldn’t be worrying about [deficits] at this time,” Stephen Poloz said in an interview with Global...

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Moody's Says Canadian Housing OK As It's Sued Over U.S. Bubble

(2) Comments | Posted October 24, 2016 | 12:01 PM

When ratings agency Moody’s offers a positive assessment of a real estate market, it might be wise to take that with a grain of salt.

Moody's recently gave Canada’s housing market a clean bill of health, and says it is about to be sued by the U.S. Justice Department for...

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Tesla Bans Drivers From Ride-Sharing Their Cars, Plans Own Service

(26) Comments | Posted October 21, 2016 | 1:42 PM

  • Owners will be limited to ride-sharing on company’s own network
  • ‘You’re killing people,’ CEO tells critics of self-driving tech

Electric car maker Tesla Motors announced this week that all of its cars are now equipped to be self-driving vehicles, though the software to operate it isn't...

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Lululemon: Foreign Worker Rules May Force Us To Leave Canada

(62) Comments | Posted October 21, 2016 | 9:23 AM

Yogawear giant Lululemon told a parliamentary committee this summer it may move its headquarters out of Vancouver if it doesn’t get an exemption to temporary foreign worker (TFW) rules.

“We require — and will require — top experienced global talent,” the company said in a submission to the...

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Immigration To Canada Should Be Massively Boosted, Liberals Told

(40) Comments | Posted October 19, 2016 | 4:33 PM

  • Panel to propose raising immigration inflows by 50 per cent
  • McCallum balks at scale of proposed immigration increase
  • Canada a top-four country for skilled migrants

A panel of economic advisers will urge the federal Liberals to increase the number of immigrants to Canada by some 50 per cent,...

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$15 Minimum Wage? Wealthiest Canadians Among Those Most Opposed

(149) Comments | Posted October 19, 2016 | 2:48 PM

Who’s afraid of a $15 minimum wage?

Some businesses, perhaps, but not Canadians as a whole. A Forum Research poll released last week found nearly two-thirds of respondents — 63 per cent — approve of making $15 per hour the least you can earn, while 31 per cent...

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Canada's New Mortgage Rules: This Is How Much You Can Afford

(6) Comments | Posted October 19, 2016 | 11:58 AM

Mortgage borrowers may find they can't afford as much house as they before under the federal Liberals' new lending rules.

The Bank of Canada backed the rules on Wednesday, saying that, “over time,” they will reduce the risk of Canada’s financial system becoming unstable.

But for now, people will...

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Rental Rates Spike In Canadian Cities, And Worse May Be On The Way

(43) Comments | Posted October 18, 2016 | 5:32 PM

Vancouver’s housing market has been under some heavy pressure recently, with sales falling for the past six months and the average resale price taking a big dive in August.

But the same trend doesn’t seem to be playing out in the rental market, where

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Workplace Drug Tests OK With Canadians If Weed Legalized: Poll

(118) Comments | Posted October 18, 2016 | 2:28 PM

More than three in five Canadians say companies should be allowed to administer random drug tests to employees when marijuana is legalized, a new poll finds.

The poll from Insights West found 62 per cent of respondents would support drug-testing policies. That number rises to 70 per cent...

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NAFTA Tribunal: Canada Must Pay $28M For Wind Farm Ontario Nixed

(59) Comments | Posted October 17, 2016 | 4:11 PM

Ontario’s decision to place a moratorium on new wind farms in 2011 will cost Canadian taxpayers some $28 million, after a NAFTA tribunal ruled in favour of a U.S. energy company.

Windstream Energy sued the federal government in the wake of the province’s decision to place a moratorium...

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New Internet Taxes Being Considered By Liberals: Reports

(187) Comments | Posted October 17, 2016 | 2:44 PM

The controversial “Netflix tax” may be off the table, but the federal Liberals are considering a number of potential new taxes as they seek to update how Canadian content is paid for in the digital age.

Among the options on the table are charging GST or HST on streaming services...

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'Trump TV' In Talks As Donald Trails In Polls: Reports

(179) Comments | Posted October 17, 2016 | 12:17 PM

This summer, some political observers — including filmmaker Michael Moore — suggested Donald Trump’s presidential campaign has become a marketing blitz for a new media company he wants to launch.

Now the evidence is building this may be the case.

The Financial Times reports Jared Kushner,...

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Richard Branson Warns Of ‘Disaster' If Trump Wins

(83) Comments | Posted October 14, 2016 | 3:28 PM

Sir Richard Branson, the billionaire behind the ubiquitous Virgin brand, has torn a strip off Donald Trump in a blog post on his company website.

A Trump presidency “would be a disaster,” he wrote, while describing Hillary Clinton as “a safe pair of hands and a leader of...

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Donald Trump Can Be Sued Over Toronto Tower Debacle, Court Rules

(13) Comments | Posted October 14, 2016 | 10:58 AM

Toronto’s Trump International Hotel & Tower has been a financial disaster for many of its individual investors, and now they can sue Donald Trump for some of the losses, a court of appeal has ruled.

Lawyers for some of the tower's investors said they were misled into investing in the...

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Thought Arctic Food Prices Were Bad? Check Out Internet Rates

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

You’ve probably heard about the high cost of food in Canada’s northern regions ($83.49 for a case of water, anyone?) but the cost of staying connected in the digital age is just as punishing.

A new study from consumer advocacy group OpenMedia that compared Internet pricing...

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Canada's Budget Deficit To Be Larger Than What Liberals Advertised, TD Bank Says

(159) Comments | Posted October 13, 2016 | 10:03 AM

Canada’s economy has put in a weaker-than-expected performance since the federal Liberals tabled their first budget this spring, and that means budget deficits will be larger than forecast, economists at TD Bank say.

The budget hole will be $5 billion bigger than predicted for the current 2016-2017 fiscal year, rising...

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