Daniel Tencer
GET UPDATES FROM Daniel Tencer

Entries by Daniel Tencer

8 Retailers At Risk Of Disappearing From Canada

(19) Comments | Posted August 20, 2014 | 9:14 AM

It seems hardly a month goes by these days without announcements of layoffs or dismal earnings at Canadian retailers. Canada's economy is humming along (though job numbers could be better) so why are so many retailers closing stores like it's the middle of a recession?

There's no one simple answer....

Read Post

Canada-EU Trade Deal Text Leaked By German TV

(87) Comments | Posted August 13, 2014 | 5:50 PM

A German news show has published what it says is the text of the Canada-EU free trade deal.

More than 520 pages of the 1,500-page document were posted to the website of German TV network ARD’s news show Tagesschau on Wednesday.

According to some experts now poring...

Read Post

StatsCan 'Error' Blamed As Unemployment Report Disappears From Web

(19) Comments | Posted August 12, 2014 | 2:51 PM

Statistics Canada has taken the rare move of pulling an unemployment report offline, due to “an error in processing” of July’s labour market numbers.

StatsCan’s most recent unemployment report, released last Friday, was no longer available at StatsCan’s website as of Tuesday. Instead, there was a notice advising...

Read Post

Apple, Samsung Headed Into Decline Globally: Fitch

(13) Comments | Posted August 12, 2014 | 12:26 PM

It's probably too soon to call Apple the new BlackBerry, but the fruit salad that is the smartphone industry is undergoing another shakeup.

Apple and Samsung, the world’s dominant smartphone brands, are starting to lose market share to cheaper emerging-market competitors, Fitch ratings agency warned Tuesday.

For now,...

Read Post

Canada's Manufacturing Crisis Worst Among 19 Industrialized Countries

(48) Comments | Posted August 8, 2014 | 12:59 PM

We’re often told that Canada’s crisis in manufacturing is a global problem, one that we alone can do little to address.

Competition from developing countries with cheaper labour, combined with automation, are taking manufacturing jobs and they’re not coming back. It’s not a homegrown problem.

Well then again, maybe...

Read Post

Recent First-Time Home Buyers ‘Particularly Vulnerable' To A Debt Shock: RBC

(7) Comments | Posted August 7, 2014 | 2:56 PM

The group of people who did the lion’s share of first-time home buying in recent years have racked up far more debt than those who came before them, according to a report from RBC.

The bank’s analysis of StatsCan data found that the 35-to-44 age group had debts...

Read Post

Million-Dollar Mississauga Homes Another Sign Suburbs Are Becoming Unaffordable

(6) Comments | Posted August 6, 2014 | 2:42 PM

A recent article in Toronto Life drew attention to a refurbed house in Mississauga selling for $1.14 million, noting that the sale “hints at a pricier future” for the suburban city west of Toronto.

A pricier future indeed. A scan of homes for sale on Realtor.ca showed that...

Read Post

Trans-Pacific Partnership: Canada Should Be Evicted From Trade Talks, Congress Members Say

(153) Comments | Posted August 6, 2014 | 8:51 AM

Canada should be tossed out of negotiations on a major multinational free trade deal if its government doesn’t agree to open up the agricultural sector to greater competition, U.S. Congress members have told President Barack Obama.

In a letter sent to the president last week, 140 members of...

Read Post

Canadians' Household Debt Grows; Albertans Double Ontarians On Borrowing

(13) Comments | Posted August 5, 2014 | 3:52 PM

Canadians increased their debt burdens by about six per cent over the past year, according to a new survey from BMO, but when it comes to owing money, different parts of the country are headed in different directions.

Western Canadians have seen their debts skyrocket over the past...

Read Post

Canada's Manufacturers Celebrate Recovery By Slashing Jobs

(28) Comments | Posted August 2, 2014 | 11:51 AM

Canada’s manufacturing sector is experiencing something of a recovery. The loonie is down, helping exports, and the U.S. economy -- the largest source of demand for manufacturers -- is undergoing what appears to be a sustained recovery.

The numbers are looking good. RBC’s latest manufacturing survey, for July,...

Read Post

In Toronto, When A House Doesn't Sell, The Price Goes UP

(2) Comments | Posted August 1, 2014 | 1:06 PM

Bidding wars have become commonplace in the Toronto housing market, with many realtors saying they hit a fever pitch this spring.

Though “sellers love it,” largely because they drive up the price of houses, many observers argue it’s a sleazy practice, particularly when sellers low-ball the...

Read Post

Canadian Night-Vision Goggles Allegedly In Hands Of Iraqi Rebels Were Sold To Government: CEO

(15) Comments | Posted July 30, 2014 | 7:02 AM

A Canadian manufacturer of night-vision goggles that reportedly ended up in the hands of Islamist rebels says the technology was initially sold to the Iraqi government.

Peter Biro, CEO of Toronto-based Newcon Optik, said the night-vision goggles that appeared in tweets purportedly from a jihadist fighter in Iraq...

Read Post

Germany Bets On BlackBerry To Beat The NSA

(27) Comments | Posted July 29, 2014 | 11:43 AM

NSA spying may be a hot topic of conversation in North America, but in Germany it’s a top-shelf political issue, one on which policies are based.

The country was scandalized by last year’s revelations from the Snowden leaks that Chancellor Angela Merkel had allegedly had her cellphone tapped...

Read Post

Target Canada To Price-Match Any Grocery Deal In The Country: Report

(18) Comments | Posted July 28, 2014 | 3:36 PM

Some analysts are telling Target to leave Canada, but the company isn’t listening. Instead, it’s doubling down on its push into Canadian retail with a price-matching guarantee.

Starting July 29, the retailer will match any grocery price in the country, the CBC reports.

Shoppers will be able to...

Read Post

Canada Rises To 8th On UN Development Index, Still Behind U.S.

(13) Comments | Posted July 28, 2014 | 12:28 PM

Canada has climbed back into the top 10 among the UN’s Human Development Index.

The latest edition of the annual ranking sees Canada climbing to eighth place, behind New Zealand and ahead of Singapore (see slideshow below). It had ranked 11th last year.

And in what...

Read Post

EI Payments Down, Unemployment Up: What's Going On Here?

(52) Comments | Posted July 24, 2014 | 4:23 PM

Some taxpayers’ groups say Canada’s employment insurance system is turning into little more than a cash cow for the federal government, a tax disguised as an insurance premium.

The latest data on EI and unemployment likely won’t assuage their concerns.

The number of people receiving EI benefits in May

Read Post

Richest Canadians Get Way Better Deals On Housing Than The Rest Of Us

(2) Comments | Posted July 24, 2014 | 8:39 AM

Canadian Business released its latest ranking of Canada’s wealthiest neighbourhoods this week, complete with average income and average house prices.

We decided to take advantage of this data to compare how house prices stack up to incomes among Canada’s wealthiest. And it looks like Canada’s richest people spend...

Read Post

Requests For Telecom Subscriber Data Average 1.13 Million Per Year, Docs Show

(4) Comments | Posted July 24, 2014 | 8:16 AM

Canadian government officials requested subscriber information from telecoms at least 1.13 million times per year between 2006 and 2008, according to documents obtained by e-commerce law expert Michael Geist.

The numbers, released to Geist by Public Safety Canada, almost exactly mirror estimates from an earlier release of government...

Read Post

Alberta To Have 2nd-Largest Economy In Canada In 3 Years: Bloomberg

(28) Comments | Posted July 23, 2014 | 11:09 AM

If trends continue, Alberta will have a larger economy than Quebec within three years, according to estimates from financial news service Bloomberg.

That’s despite the fact Quebec’s population is twice that of Alberta’s — 8.1 million compared to 4 million.

It’s the latest sign of what...

Read Post

NHL Sustainability Report Warns Of Climate Change's Impact On Hockey

(5) Comments | Posted July 22, 2014 | 4:38 PM

The National Hockey League has issued what it calls the first sustainability report ever released by a North American major sports league, and the report warns climate change could affect the future of hockey.

Our sport can trace its roots to frozen freshwater ponds, to cold climates,” NHL...

Read Post