Daniel Tencer

Entries by Daniel Tencer

Saudi Prince Alwaleed bin Talal Pledges To Give 10,000 Homes, 10,000 Cars To The Needy

(0) Comments | Posted July 6, 2015 | 2:36 PM

When Saudi Prince Alwaleed bin Talal announced last week he would give away his entire $32-billion fortune to charity, he promised the money would go to deserving people and causes around the world.

But his first move since the announcement isn’t very far from home: The prince...

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Canadians To Have New Bank Machines To Choose From As Manulife Bank Expands

(0) Comments | Posted July 6, 2015 | 12:57 PM

Canadians will soon be able to withdraw cash from bank machines owned … by an insurance company.

Well, not exactly an insurance company. While Manulife is primarily known as an insurer, it also owns a banking subsidiary with $22 billion in assets. And until now that bank only had 11...

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Joe Oliver Says Canada Not In Recession, But Growing Chorus Of Economists Disagrees

(137) Comments | Posted July 3, 2015 | 12:28 PM

Finance Minister Joe Oliver denied it on Friday, but a growing number of economic analysts now say Canada is in a recession.

The country's economy likely shrank at an annual rate of 0.6 per cent in the second quarter of this year, Bank of America Merrill Lynch economist Emanuella Enenajor...

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Taxi Drivers Threaten To ‘Shut Down' Toronto Over Uber, Amid Pan Am Games

(48) Comments | Posted July 3, 2015 | 10:48 AM

The conflict between Toronto’s cabbies and Uber is coming to a head, with some taxi drivers threatening to bring the city to a standstill amid the Pan Am Games if the city doesn’t take action against the ride service.

“The taxi industry is on its last legs and if UberX...

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Half Of Canadians Forced Into Retirement; Union Members, Public Sector Workers Better Off

(9) Comments | Posted July 2, 2015 | 2:52 PM

Nearly half of retired Canadians were forced to leave the workforce earlier than they planned, according to a survey from Angus Reid.

The poll shows working in the public sector or being a union member has its benefits when it comes to retirement. Both those groups reported a lower rate...

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Saudi Prince Alwaleed bin Talal To Donate Entire $32-Billion Fortune To Charity

(2) Comments | Posted July 2, 2015 | 11:54 AM

Inspired by Bill Gates’ philanthropy, a Saudi prince says he will give away his entire $32-billion U.S. fortune to charity.

"It is a commitment without boundaries. A commitment to all mankind," Prince Alwaleed bin Talal, the world’s 20th richest person according to the Bloomberg Billionaires Index, told the...

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Suddenly, Another Interest Rate Cut Is Back In The Cards

(48) Comments | Posted June 30, 2015 | 3:00 PM

  • Cut could come as soon as July 15
  • CIBC: 'Indebted households don’t need even lower borrowing costs'
  • Poloz: Soaring household debt a necessary 'side effect'

The surprisingly bad GDP readout for April has many economists saying another interest rate cut from the Bank of Canada is now more...

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Online Porn To Explode In Next 5 Years: Study

(7) Comments | Posted June 30, 2015 | 1:41 PM

As if there wasn’t enough porn online already.

A new analysis from the U.K.’s Juniper Research predicts online porn viewing will grow by some 42 per cent in the next five years.

The total number of porn video views will grow to 193 billion a year by 2020,...

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Recession Threat Looms As Canada's Economy Shrinks For 4th Month In A Row

(58) Comments | Posted June 30, 2015 | 8:38 AM

The odds that Canada will see a recession this year just rose considerably.

Canada's economy shrank 0.1 per cent in April, StatsCan said Tuesday morning, the fourth consecutive month of negative growth. Economists had been expecting the economy to expand by 0.1 per cent.

That suggests Canada's economic growth entered...

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BMO Sees Bright Side Of Greek Crisis: Cheap Yogurt, Feta, Ouzo After Grexit

(3) Comments | Posted June 29, 2015 | 4:19 PM

Monty Python taught us always to look on the bright side of life, and the Bank of Montreal takes that advice to heart in a new report on the Greek debt crisis.

Greece’s economy may be nailed to the proverbial cross much like Brian in that Monty Python...

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CBC Asks YouTube, Facebook To Remove Conservative Ad

(201) Comments | Posted June 29, 2015 | 1:33 PM

The CBC has asked YouTube and Facebook to remove the Conservative Party’s latest attack ad against Liberal Leader Justin Trudeau, arguing the ad “not only uses CBC's news footage but also re-edits” it.

“Our guiding principle is simple and clear,” CBC news editor Jennifer McGuire wrote in a...

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Ouch: Here's What's Happened To The Price Of A Canada Day BBQ

(5) Comments | Posted June 28, 2015 | 9:58 AM

If you’ve noticed your Canada Day food bill rising in recent years, you’re not alone. The price of meat in particular has been soaring, and this year is sadly no exception.

Though you can expect to pay considerably (maybe shockingly) more for beef, price hikes in chicken and pork have...

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Here's How Much You'll Need To Buy A Vacation Home In Canada

(4) Comments | Posted June 27, 2015 | 12:30 PM

Canada’s cottage countries aren’t the boondocks anymore.

OK well, they are, and that’s the whole point, but some are also garnering a lot of attention internationally as vacation-home hot spots.

A report from Christie’s earlier this year named the Muskoka region north of Toronto the second-hottest luxury recreational...

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Bell Bringing World's Fastest Internet To Toronto, But Price Could Be An Issue

(4) Comments | Posted June 26, 2015 | 9:09 AM

Bell Canada is promising to bring some of the world’s fastest internet speeds to Torontonians starting this summer, part of a rollout of new technology the company says will create 2,400 new jobs.

Though Bell hasn’t announced pricing, critics fear the plan will prove to be prohibitively expensive.

Bell will...

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Look How The Tables Have Turned Now That Oil Has Collapsed

(80) Comments | Posted June 25, 2015 | 1:20 PM

The strongest wage growth in Canada over the past year has been in Quebec and the Maritimes, while Western Canadian provinces have all fallen below average.

We’ll just give you a moment to let that sink in.

According to StatsCan’s latest survey of payroll employment, earnings and hours, Quebec saw...

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Investors Who Made Cash Off U.S. Housing Collapse Now Betting Against Canada: Reports

(104) Comments | Posted June 24, 2015 | 4:22 PM

  • Crash could come in autumn, when U.S. expected to raise rates
  • Vancouver expected to be epicentre
  • Similar bets against Canada made in 2013, no collapse followed

When it comes to Canada’s housing markets, there’s a big difference between how Canadians perceive things and how the rest of the...

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LOOK: Johnny Depp Is Selling An Entire French Village He Owns

(5) Comments | Posted June 24, 2015 | 2:06 PM

Why buy a mansion when you can buy a whole village?

Johnny Depp is actively selling one in the south of France, and no, he hasn’t been suckered into a real estate con; he actually owns the whole thing.

The star of "Edward Scissorhands" and the "Pirates of the Caribbean"...

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Randy Bachman: Canadian Music ‘Could Stop Being Made' Without Copyright Extension

(14) Comments | Posted June 24, 2015 | 12:01 PM

Canada may stop creating great musical acts like Arcade Fire or Joni Mitchell if the country doesn’t extend copyright terms, rocker Randy Bachman says.

His comments have already come in for criticism, with one copyright expert calling them “absurd.”

In the opening paragraph of his column in...

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Campaigners Against Tim Hortons' Enbridge Ad Getting Death Threats, SumOfUs Says

(77) Comments | Posted June 23, 2015 | 3:55 PM

It seems that in Canada mixing coffee and bitumen makes for a highly explosive combination.

Tim Hortons found that out the hard way when it came under pressure from climate activists to stop running Enbridge ads in its stores. When it agreed to pull the ads, it found...

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Homebuilders Want Looser Rules, As Owning 2-Story Home Takes Nearly Half Of Income

(20) Comments | Posted June 23, 2015 | 1:53 PM

With an average two-story house now costing half of a typical household’s income, a leading lobby group is pushing Ottawa to loosen lending rules and make it easier to build and buy homes.

That comes amid many analysts’ concerns that at least some Canadian housing markets are overheated, and what...

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