Daniel Tencer
GET UPDATES FROM Daniel Tencer

Entries by Daniel Tencer

‘Narrowest Detached House' In Toronto Is ‘Suprisingly Spacious,' And Selling For $750K

(6) Comments | Posted August 28, 2015 | 1:37 PM

If you’re looking to squeeze into Toronto’s detached-home market for under $1 million, you can still pull it off, but you might have to go skinny. Really skinny.

A house on an eight-foot-wide lot on Shuter St. in the downtown core’s east side is selling for $750,000.

Read Post

Ashley Madison CEO Noel Biderman Resigns

(32) Comments | Posted August 28, 2015 | 10:41 AM

The CEO of Ashley Madison owner Avid Life Media has resigned in the wake of a hack attack that saw data on 37 million subscribers released to the public.

“Effective today, Noel Biderman, in mutual agreement with the company, is stepping down as Chief Executive Officer of Avid Life Media...

Read Post

Look What The Oil Slump Has Done To Western Canadian Wages

(22) Comments | Posted August 28, 2015 | 8:53 AM

Canadians’ wages returned to growth in June after falling in May, Statistics Canada says. Non-farm wages were up by 0.8 per cent on average, having dropped by 0.6 per cent the month before, according to StatsCan’s survey of payroll, earnings and hours.

But if you’re looking for good...

Read Post

Ashley Madison Owner Planned App Called ‘What's Your Wife Worth'

(6) Comments | Posted August 27, 2015 | 3:07 PM

Avid Life Media, the Toronto-based owner of Ashley Madison, worked to develop an app called “What’s Your Wife Worth,” according to internal emails that were released to the public by the hacker group The Impact Team.

The app was apparently scrapped earlier this year because, in the words of one...

Read Post

Ashley Madison's Female Subscribers Barely Exist, Analysis Concludes

(21) Comments | Posted August 27, 2015 | 12:06 PM

A detailed look at leaked Ashley Madison data suggests there were practically no women active on the site.

It was already known that male profiles outnumbered female ones on the site by a ratio of roughly six to one. And it had been previously alleged that Ashley Madison...

Read Post

Luxury Stores Are Coming To Your Local Mall: These Are Canada's 10 Ritziest Shopping Areas

(3) Comments | Posted August 27, 2015 | 8:25 AM

Luxury retailers in Canada are making a “typically American” move and shifting into the country’s shopping malls, a new study says.

Traditionally, luxury brands set up shop on ritzy shopping streets in city centres, such as Toronto’s Bloor Street or Vancouver’s Burrard Street, but those brands are now making a...

Read Post

Best Buy's Canadian Earnings Suffer Massive Decline

(22) Comments | Posted August 26, 2015 | 4:46 PM

Electronics giant Best Buy’s latest earnings report was surprisingly strong, but one area proved to be a drag on the company’s numbers: Canada.

The company’s international division, which consists of Canada and a handful of locations in Mexico, recorded a 25.6-per-cent decline in revenue, to US$650 million, Best Buy reported...

Read Post

Cristiano Ronaldo Buys NYC Condo That Inspired ‘50 Shades Of Grey'

(0) Comments | Posted August 25, 2015 | 4:12 PM

Soccer star Cristiano Ronaldo is the proud owner of the Manhattan condo where Christian Grey in “50 Shades of Grey” played out his sadistic sexual fantasies.

Or, to be precise: The Real Madrid forward has bought the condo formerly owned by the person believed to be the inspiration for Christian...

Read Post

McDonald's Canada: Self-Serve Kiosks Not A Threat To Jobs

(47) Comments | Posted August 25, 2015 | 1:09 PM

In what may be the shape of fast-food retail to come, McDonald’s has begun rolling out self-serve kiosks at locations in Canada, but the company says the move is not a threat to job security.

Though its Canadian division is holding up well, the Illinois-based chain is facing declining sales...

Read Post

Loonie Hits 11-Year Low As China Crashes, Oil Slides

(92) Comments | Posted August 24, 2015 | 11:46 AM

The Canadian dollar hit an 11-year low Monday as oil prices fell more than 6 per cent and global markets tanked in the wake of China’s stock rout.

As of mid-morning Monday, the loonie was trading at around 75.6 cents U.S., having bounced back from around 75.2 cents, the lowest...

Read Post

Munir Sheikh, Ex-StatsCan Head, Says Harper's Debt Policies Risk Canada's Future

(52) Comments | Posted August 21, 2015 | 2:59 PM

A former head of Statistics Canada has waded into the federal election campaign, arguing in a newspaper column that the Harper government’s dual policies of fighting deficits and boosting the housing market are risking Canada’s economic future.

In a column published in the Globe and Mail Friday, Munir...

Read Post

Japanese Retailer Uniqlo May Bring 4-Day Work Week To Canada

(1) Comments | Posted August 21, 2015 | 11:37 AM

Japanese fashion retail giant Uniqlo will be setting up shop in Canada next year, and it may bring a labour-market innovation with it: A four-day work week.

Uniqlo owner Fast Retailing Co. announced this week it’s making the idea a reality for 10,000 of its Japanese employees, who will get...

Read Post

Ashley Madison Faces $760-Million Canadian Class-Action Lawsuit

(8) Comments | Posted August 21, 2015 | 8:45 AM

Despite the potential fallout from admitting to an Ashley Madison membership, some Canadians are lining up to be part of a class-action lawsuit against the dating site for married people.

Two Ontario law firms have announced they are launching a $760-million class-action lawsuit against Ashley Madison owner Avid Life Media,...

Read Post

Scotiabank: Canadian Stocks ‘In Severe Correction Territory'

(25) Comments | Posted August 20, 2015 | 3:30 PM

If your savings are tied up to any degree in Canadian stocks, you may want to take a look at your stock portfolio. Soon.

Canada’s stock markets are in worse shape than the headline numbers suggest, and have entered “severe correction territory,” Scotiabank says in a new analysis.

The Toronto...

Read Post

Canadian EI Claims Jump To Highest Level Since Financial Crisis

(19) Comments | Posted August 20, 2015 | 12:55 PM

  • Alberta, Ontario see largest spikes in EI claims
  • Weakness in economy only now ‘showing up in labour market’
  • But wholesale trade data suggests a comeback

The number of people filing first-time employment insurance claims in Canada has jumped to its highest level since the global financial crisis, suggesting...

Read Post

CBC, CNN Sued Over Alleged Use Of 32-Second YouTube Clip Of Buffalo Snowstorm

(10) Comments | Posted August 17, 2015 | 5:12 PM

The Canadian Broadcasting Corp. has been sued in U.S. federal court over its use of a 31-second YouTube clip of a snowstorm in Buffalo, N.Y.

In a lawsuit filed with the U.S. District Court for western New York and first reported on by Torrentfreak, Alfonso Cutaia...

Read Post

Mulcair Fears ‘Terrible Surprise' In Store For Housing Market

(24) Comments | Posted August 17, 2015 | 12:44 PM

Tom Mulcair has added his voice to those growing concerned about the possibility of a correction in the housing market. But the NDP leader would not say if he would take regulatory steps to cool the housing market if elected.

“I think that right now there is a serious danger....

Read Post

Toronto vs. Vancouver: Which One Is More Expensive?

(9) Comments | Posted August 15, 2015 | 1:10 PM

It’s a generally accepted that Toronto and Vancouver are the priciest places to live in Canada, but which one is actually costlier?

According to Expatistan.com, a website that crowdsources data on consumer prices from cities around the world, Toronto wins on cost, with prices overall about 8 per...

Read Post

Brad Carr Of Mattamy Homes, Canada's Largest Homebuilder, Fears 'Scary' Future Of Mortgage Rates

(46) Comments | Posted August 15, 2015 | 12:58 PM

Low interest rates have driven Canada’s housing markets to new heights in recent years, but the president of Canada’s largest homebuilder is concerned by what that could mean if and when those rates begin to rise.

“The scary part is that the homebuilding industry has really responded to a consumer...

Read Post

Indiegogo Campaign Raising $3.8 Billion To Build Minas Tirith

(5) Comments | Posted August 14, 2015 | 12:02 PM

Condos with views of Sauron's burning, lidless eye will be on the market by 2023 if a new Indiegogo campaign gets its way.

The campaign is raising money to build Minas Tirith, the fantastical mountainside city from “The Lord of the Rings.”

The organizers initially described themselves...

Read Post