Daniel Tencer

Entries by Daniel Tencer

TTIP Trade Deal Between U.S., EU Risks Collapse After Greenpeace Leak

(0) Comments | Posted May 3, 2016 | 5:33 PM

Few people on this side of the pond noticed, but over the past day or so, a major proposed transatlantic trade pact has come to the brink of collapse.

And its possible demise also throws into question the future of a separate proposed free trade deal between Canada and the...

Read Post

Weed At The LCBO? No Thanks, Ontarians Say

(27) Comments | Posted May 3, 2016 | 2:02 PM

A majority of Ontarians support marijuana decriminalization, but they'd just as soon not see it sold in liquor stores.

Ontario Premier Kathleen Wynne floated the idea of selling marijuana through the LCBO chain last year, following the election of the federal Liberal government, which has promised to introduce...

Read Post

Canadian Income Study: Rich Stay Rich, Poor Stay Poor Is The New Trend

(0) Comments | Posted May 3, 2016 | 12:19 PM

It’s getting harder for Canadians to move up the income ladder, but easier for the richest to hold on to their wealth, Statistics Canada says in a new study.

Income mobility — the ability of people to move up or down the income ladder — has been in...

Read Post

Bell's Buyout Of MTS 'Will Likely Mean Sharply Increased Prices'

(17) Comments | Posted May 2, 2016 | 1:57 PM

The heads of Bell and MTS deny it, but consumer advocates fear the merger of the two companies will mean higher prices in Manitoba and an end to hopes of four major wireless carriers nationwide.

And at least one industry analyst says the deal poses enough of a threat to...

Read Post

Canadian Nickel Should Be Eliminated Within 5 Years: Study

(37) Comments | Posted May 2, 2016 | 11:29 AM

Canada should eliminate the nickel within five years and switch to 10-, 20-, and 50-cent coins, says a new study from Quebec-based credit union Desjardins.

The study also says it’s “not likely” Canada will go cashless within the next 10 or 20 years — and in fact Canadians are holding...

Read Post

Canadian Consumer Insolvencies Are Soaring, And Not Just In Alberta

(49) Comments | Posted April 29, 2016 | 12:57 PM

It may be a statistical blip, or it may be a warning bell that Canadians have taken on too much debt, and are now struggling to handle it.

The number of consumer insolvencies in the country jumped by 9.7 per cent over the past year, according to data from the...

Read Post

Canada's Economy Shrinks In February, As Signs Grow Momentum Fading

(36) Comments | Posted April 29, 2016 | 8:50 AM

After a surprisingly strong January, Canada's economy shrank again in February, suggesting the country hasn't yet overcome the shock of the oil-price collapse.

The economy shrank 0.1 per cent, Statistics Canada reported, roughly in line with economists' expectations. Manufacturing, the oil and gas sector and wholesale trade all shrank, while...

Read Post

Canada's Internet Speeds Are An East vs. West Story.. And East Is Winning

(29) Comments | Posted April 28, 2016 | 5:54 PM

When it comes to Internet speeds, Western Canada is getting the shaft.

A new survey from the Canadian Internet Registration Authority (CIRA) found the average download speed in Canada is 18.64 Mbps — but that average varies widely from province to province and city to city.

While Internet...

Read Post

Job Happiness Index: Canadians Less Content At Work Than With Rest Of Lives

(7) Comments | Posted April 28, 2016 | 2:45 PM

Canadians may be among the world’s happiest people, but that happiness doesn’t extend far into the workplace.

Canada ranked 17th out of 35 countries surveyed by job search website Indeed.com’s Job Happiness Index for 2016. The survey’s results suggest job satisfaction has much more to do with work-life...

Read Post

Bombardier Launching Airline In Iran? Company Denies Reports Amid 'Advancing Discussions'

(13) Comments | Posted April 25, 2016 | 2:54 PM

As Bombardier pushes for a federal bailout, a new hope has emerged in the form of Iranian cash, newly freed from international economic sanctions.

Iranian media reported over the weekend that the Quebec-based civil transport company had signed a memorandum of understanding to be part of a new...

Read Post

House Formerly Owned By Prince On Sale In Toronto For $12.8 Million

(5) Comments | Posted April 25, 2016 | 12:05 PM

A house for sale in Toronto’s ritzy Bridle Path promises you the “rare opportunity to reside in [an] estate formerly owned by an international acclaimed musical celebrity.”

According to local news sources, the home’s former owner is no secret: The artist Prince, who had a thing...

Read Post

This B.C. House Went For $5 Million 3 Years Ago. New Asking Price? $28.8 Million

(16) Comments | Posted April 23, 2016 | 11:11 AM

Is there no end to the money the world’s rich are willing to sink into British Columbia’s property market? If there is, it’s not on the horizon yet, not if a newly listed waterfront estate on Vancouver Island is any sign.

This is no ordinary house — the award-winning property...

Read Post

CRTC Chair Jean-Pierre Blais At Internet Hearings: Where Are The Women?

(8) Comments | Posted April 23, 2016 | 10:41 AM

The chair of Canada’s federal telecom watchdog noticed something missing this week from hearings he’s holding into the country's internet accessibility: Women.

“Today there was a report issued by Employment and Social Development Canada that found the proportion of women in federally regulated companies has dropped from 46 percent to...

Read Post

Magna, Canadian Company, Lead Contender To Build Apple Car: Reports

(5) Comments | Posted April 21, 2016 | 5:19 PM

Ontario-based auto parts maker Magna is favoured to win the contract to build the electric “iCar” on which Apple has been secretly working for the past year, according to news reports out of Germany.

Magna’s Austrian division, Magna Steyr, will build the "iCar" at an auto plant in Austria, the...

Read Post

Uber May Leave Toronto If New Rules Passed, Jeopardizing 15,000 Jobs

(136) Comments | Posted April 21, 2016 | 3:45 PM

Ride service Uber is threatening to leave Toronto if the city passes new transportation regulations early next month, a move it says will leave 15,000 full-time and part-time drivers out of work.

The company sent a letter to its Toronto users this week, making it clear it plans to shut...

Read Post

U.S. Media Laud Canada As ‘Best Hope For Global Economy'

(47) Comments | Posted April 21, 2016 | 1:38 PM

All of a sudden, the U.S.’s financial media loves Canada’s economic policies.

In the space of a few days, both the Wall Street Journal and Quartz have published columns essentially arguing that Canada is a beacon unto the global economy, doing right what everyone else is doing wrong.

Canada “

Read Post

Canadian Dollar Will Still Fall To 59 Cents U.S. But Just Later, Forecaster Says

(55) Comments | Posted April 20, 2016 | 5:13 PM

As the loonie hit its highest level since last summer on Wednesday, the currency analyst who predicted it would hit 59 cents U.S. in 2016 says it will still happen — just not this year.

David Doyle of Macquarie Group — whom Bloomberg Business calls the top forecaster...

Read Post

McDonald's Canada Aims For 100,000 Employees, Launches New Big Macs

(9) Comments | Posted April 20, 2016 | 4:27 PM

McDonald’s is reinventing itself.

From table service and self-serve kiosks to cage-free eggs and all-day breakfast in the U.S., the burger chain is looking for ways to stay popular in an age when fast casual chains are eating into its business.

In its...

Read Post

GTA, Vancouver Home Affordability Hits Record Lows -- Elsewhere, It's The Opposite

(3) Comments | Posted April 20, 2016 | 1:16 PM

Canada’s housing markets have diverged to the point that some cities are seeing the best home affordability on record, while affordability in other cities hits its all-time worst.

Count Toronto and Vancouver in the “all-time worst” category. Prices in those two cities have soared in the past few years, making...

Read Post

Canada's Hottest Housing Markets Driven By 'FOMO' (Read: Panic Buying)

(34) Comments | Posted April 19, 2016 | 4:35 PM

Many would-be homebuyers in Canada’s hottest urban markets are rushing in to buy homes without knowing whether their finances can handle it, a new survey suggests.

Nearly one in five respondents in the survey from TD Canada Trust showed signs of “FOMO,” or “fear of missing out” on the large...

Read Post