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Entries by Sunny Freeman

With Household Debt Near Record Highs, BoC Mulls Major Interest Rate Policy Change

(30) Comments | Posted July 17, 2014 | 4:50 PM

Bank of Canada governor Stephen Poloz says low interest rates may become the “new normal” as Canadians have taken on so much debt that any rate spike could send shockwaves through the economy.

The head of the central bank told CBC’s The Current on Thursday that his...

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Ontario Budget: Businesses Oppose Proposed Mandatory Pension Plan

(29) Comments | Posted July 15, 2014 | 4:56 PM

Canadian business groups are railing on Ontario’s re-released budget over the proposed mandatory pension plan in a fight that could shape up to be the province’s Obamacare moment.

The Canadian Federation of Independent Businesses and the Retail Council of Canada released statements condemning Monday’s budget for its inclusion of...

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Canadian Home Sales Report For June 2014: Six Key Reactions

(3) Comments | Posted July 15, 2014 | 3:24 PM

The average Canadian home price jumped an annual 6.9 per cent in June, suggesting that the market is still on a tear that has long passed the real estate slowdown many had predicted.

The Canadian Real Estate Association said Tuesday that sales in June climbed 11.2 per cent above the...

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Canada's Housing Market Overvalued By 20 Per Cent, Fitch Warns

(56) Comments | Posted July 14, 2014 | 4:30 PM

Ottawa may need to step in again to cool an overheated housing market that is showing no signs of slowing, according to a global credit rating agency.

Fitch Ratings said Monday that Canadian home prices are overvalued by 20 per cent based on historical drivers of home price growth....

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Temporary Jobs Are Canada's Future: Report

(87) Comments | Posted July 11, 2014 | 9:27 AM

A pronounced shift toward temporary gigs and unstable positions could become the new normal for this generation as demand for short-term workers rises across the country, according to one of the country’s biggest employment firms.

The latest job figures show the economy unexpectedly shed some 9,400 jobs in June. That...

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Globe And Mail Strike Watch: Staff, Management Reach Last-Minute Deal

(0) Comments | Posted July 9, 2014 | 3:51 PM

The Globe and Mail’s management and employees have reached an 11th hour tentative deal, just before a strike deadline Wednesday afternoon.

Several Globe journalists tweeted news of the deal.

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Canada's Housing Markets See 'Widening Affordability Gap'

(5) Comments | Posted July 9, 2014 | 12:31 PM

Tension is mounting in Canada’s tale of two housing markets.

The gulf between price hikes in major cities and the rest of Canada widened during the second quarter of the year. In major cities, short supply continues to run up prices, long after experts predicted a softening in the...

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Potential Canadian Housing Bubble A Concern For 7 In 10 Lenders: Report

(26) Comments | Posted July 8, 2014 | 5:11 PM

Seven in ten Canadian mortgage lenders are concerned the country’s real estate sector is headed toward an unsustainable bubble that could burst at any time, according to a new survey.

The poll by analytics company FICO found that risk managers at Canadian banks are worried not only about real estate,...

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Buy Canadian? Price Matters More, Survey Shows

(132) Comments | Posted July 4, 2014 | 7:59 AM

The American invasion of Canadian retail is disconcerting to shoppers, but cost-conscious consumers are more driven by price than buying Canadian when making purchases, according to a survey of HuffPost readers.

HuffPost Canada’s unscientific poll of more than 1,820 readers revealed some telling trends among Canadian shoppers — from a...

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The Canadian Shopping Mall: Neither Canadian Nor A Mall, Anymore

(165) Comments | Posted June 27, 2014 | 7:22 AM

There was a time when the Canadian shopping mall was more than a mecca for consumer culture. It was a community space that functioned as an exercise circuit for seniors, a fun escape for moms on maternity leave and the default weekend hangout for teenagers.

Today, it's an environment under...

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Turn Strip Clubs Into Brothels, Industry Group Urges Government

(31) Comments | Posted June 26, 2014 | 11:55 AM

Some of Canada’s strip club operators think they have a better solution for sex workers than the government — and it involves turning their clubs into licensed brothels.

The Adult Entertainment Association of Canada is proposing an alternative Canadian model for prostitution to the Conservative government’s recently proposed Bill C-36,...

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Northern Gateway Pipeline Not Needed For Canadian Oil To Reach China: IEA

(46) Comments | Posted June 17, 2014 | 2:20 PM

On the day Enbridge Inc.’s Northern Gateway pipeline project is expected to get the government green light, the International Energy Agency released a report saying the controversial pipeline is unnecessary for the expansion of Canada’s oil and gas exports to China.

The body’s Medium Term Oil Market Report for 2014...

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Medical Marijuana 'Investor Warning' Issued By Canadian Securities Administrators

(61) Comments | Posted June 16, 2014 | 2:36 PM

Canadian financial regulators have issued a rare investor alert warning about the risks of buying stock in companies who want to jump into the medical marijuana sector.

The CSA issued a statement Monday “urging investors to be cautious when considering investing in medical marijuana stocks.”

Only one of Canada’s 20...

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Canada's $6.8-Billion Deficit In Food Trade Points To A Manufacturing Problem

(120) Comments | Posted June 16, 2014 | 9:23 AM

There’s a kink in Canada’s food chain. While the country’s agriculture commodities are a booming business, 60 per cent of our food is shipped abroad for processing before it ends up on our grocery shelves.

Food processing is the country’s largest manufacturing sector, accounting for more jobs and GDP...

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New Rules Will Force Pot Producers To Turn Over Patient Info

(78) Comments | Posted June 13, 2014 | 5:18 PM

Health Canada is rolling out new regulations that would require medical marijuana companies to provide information about their patients and the doctors who prescribe the drug to medical colleges.

The proposed amendments to the newly enacted “Marihuana for Medical Purposes Regulations” would allow provincial regulators, most of whom...

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INTERVIEW: Kirstine Stewart Of Twitter Canada Talks About Spreading Wings, Changing Landscape

(0) Comments | Posted June 13, 2014 | 8:46 AM

A lot of hashtags have happened since Twitter set up shop in Canada a year ago -- from #Wearewinter to #Inadrunkenstupor, Canadians have expressed national highs and lows together in 140 characters or less.

Kirstine Stewart, head and first employee of Twitter Canada, has guided the fledgling operation toward...

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Yukon Mine For Sale, Price Tag: 2870 Bitcoin

(0) Comments | Posted June 11, 2014 | 3:45 PM

Want to buy a gold mine? It will cost you 2870 bitcoin.

In “the very first offering of its kind on the Bitcoin market,” an unnamed mining company is selling a gold mine in Dawson City, Yukon on the Bitcoin marketplace site BitPremier.

The company placed the ad...

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'Disturbingly High' Number Of Execs Believe Corruption Widespread In Canada

(80) Comments | Posted June 11, 2014 | 12:41 PM

A “disturbingly high” number of Canadian executives believe corruption is rampant in this country, according to a new global study.

One in five business leaders believes bribery or corruption happen widely in industries across Canada, the EY Global Fraud Survey found. The 20 per cent of Canadian business execs was...

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Bill C-36, New Prostitution Law, Has Indie Magazines, Strip Clubs, Sex Shops Worried

(144) Comments | Posted June 11, 2014 | 7:51 AM

Those titillating ads may not explicitly mention sex, but most readers perusing the back pages of alternative newspapers can infer that the $60 “full service” from the “Taiwan adult show model” suggests more than just a massage is on the table.

Such offers might soon disappear from websites and...

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Tweed Inc's Q1 Earnings Results Point To Growing Pains In Medical Pot Biz

(16) Comments | Posted May 30, 2014 | 12:06 PM

Medical marijuana enthusiasts got their first glimpse into the state of Canada’s nascent industry Friday — and it suggests growing pains could continue to choke profits for some time.

Tweed Inc., the country’s first publicly traded medical marijuana company, reported no revenue and a $2.8 million loss in its...

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