Sunny Freeman
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Sunny Freeman is The Huffington Post Canada's national business reporter covering economics and business stories that make a difference in Canadians' lives. Sunny was previously a business reporter at The Canadian Press and has also worked at media outlets including The Toronto Star and The Vancouver Sun. You can find her on twitter @SunnyFreeman.

Entries by Sunny Freeman

Coach Quietly Lays Off Its Canadian Part-Time Workers

(8) Comments | Posted May 21, 2015 | 11:42 AM

Low-wage part-time Coach employees, whose total monthly pay is often less than the cost of one of the pricey handbags they sell to high-end clients, are getting the axe in the luxury retailer’s 36 stores across Canada.

Staff at a Coach store in Burlington, Ont., are up in arms over...

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Precarious Work Becoming The Norm, Toronto Study Finds

(5) Comments | Posted May 21, 2015 | 7:53 AM

Nearly half of working adults in the Greater Toronto Area are employed in precarious work, according to a new report by the United Way.

And it’s not just people in low-wage jobs who face insecure employment; it affects workers across all income levels, says the report titled “The Precarity Penalty,”...

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Verizon Set To Buy AOL For US$4.4 Billion

(0) Comments | Posted May 12, 2015 | 12:02 PM

AOL Inc., owner of several media and advertising properties including The Huffington Post Canada, will be sold to U.S. telecom giant Verizon Communications Inc. for US$4.4 billion.

The all-cash takeover deal is expected to be completed this summer and will give Verizon a foothold in the lucrative programmatic advertising...

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Oil Plunge To Push Newfoundland And Labrador Into Recession: BMO

(7) Comments | Posted May 11, 2015 | 1:11 PM

The collapse in oil prices will push Newfoundland and Labrador, and potentially Alberta into recession this year, according to a new report from BMO Economics.

Economist Sal Guatieri said he believes Canada’s economy contracted in the first quarter of this year after posting three per cent average growth in the...

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Munir Sheikh: Bad Info From NHS Will Lead To Bad Planning

(107) Comments | Posted May 8, 2015 | 4:08 PM

Important statistical information has become so unreliable that the government would be better off making policy decisions based on no information at all, says the former head of Statistics Canada.

Munir Sheikh, who quit his job as the chief statistician of StatCan in 2010, said Friday that the current National...

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U.S. Millionaires Feel 'Stuck On A Treadmill,' UBS Study Finds

(8) Comments | Posted May 7, 2015 | 12:13 PM

It turns out middle class families aren't the only ones feeling financial pressure these days — millionaires are worried they don't have enough money to feel secure.

“Enough is not enough for many millionaires to be fully satisfied, because lifestyle expectations rise along with net worth,” according to...

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Alberta's NDP Say It's Time For A Living Wage. Here's What Might Happen

(96) Comments | Posted May 7, 2015 | 11:40 AM

There’s little doubt the new Alberta NDP government is going to look very different from its Progressive Conservative predecessor. And the NDP’s pledge to raise the hourly minimum wage to $15 may be the boldest way it could set itself apart from 44 years of PC governments.

...
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Calgary Home Sales Plummet While Vancouver's Market Soars

(12) Comments | Posted May 5, 2015 | 11:26 AM

Home sales in Calgary fell 22 per cent in April from last year as the crude price shock continues to rattle buyers in the oil-rich city. Meanwhile, sales continue to grow by double digits in the country’s two hottest markets, highlighting how different Canadian cities can be when it comes...

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New Ruling Is Bad News For Home Owners Looking To Sell Without An Agent

(11) Comments | Posted May 1, 2015 | 6:55 PM

A push to make it easier for potential home buyers to see sellers' contact information online has been rejected by Canada's Competition Tribunal.

It's a setback for Canadians looking for a more do-it-yourself approach to real estate. The ruling, released Friday, said that the Canadian Real Estate...

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Canada's Riskiest Housing Markets Aren't In Toronto Or Vancouver

(1) Comments | Posted April 30, 2015 | 11:51 AM

Canada’s riskiest housing markets are not in the booming metropolises of Vancouver and Toronto, but smaller Prairie cities Winnipeg and Regina, according to the latest assessment by the federal housing agency.

The Canada Mortgage and Housing Corp.’s latest house price analysis and assessment released Thursday concludes that there...

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Non-Permanent Residents A Force Too Large To Ignore: CIBC Report

(5) Comments | Posted April 29, 2015 | 3:40 PM

Immigrants temporarily living in Canada are an economic force too large to ignore and any government actions to limit their numbers should be offset by boosting immigration policies, says one of Canada’s top economists.

A report by CIBC economist Benjamin Tal released Wednesday says that Canada’s record...

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Canadian Families' Debt Jumped By 64 Per Cent In Just Over A Decade

(75) Comments | Posted April 29, 2015 | 12:29 PM

The amount owed by indebted Canadians grew by 64 per cent to $60,100 in just over a decade, according to a new Statistics Canada study.

The StatsCan report released Wednesday found that between 1999 and 2012, the median debt held by indebted families increased by $23,000. The number...

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Canadian Housing 'Bubble' Fears Are Baseless, Poloz Says

(17) Comments | Posted April 28, 2015 | 2:38 PM

There is no Canadian housing bubble, the central bank governor assured Parliament Tuesday, despite the bank’s own estimate that home prices are overvalued by as much as 30 per cent.

“We don’t believe we’re in a bubble,” Bank of Canada Governor Stephen Poloz told a House of Commons...

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Low Oil Prices Put Consumer Loans At Highest Risk: Moody's

(7) Comments | Posted April 27, 2015 | 5:14 PM

Persistently low oil prices could pose a bigger threat to Canadians’ sky-high consumer debt loads than to oil companies, according to a new report from Moody’s Investor Services.

The credit rating agency said that Canadian banks have so far felt little damage from tanking oil prices, which now...

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Canada's Income Tax System More Costly, Complex Over Time: Study

(18) Comments | Posted April 27, 2015 | 1:54 PM

As Thursday’s tax filing deadline nears, many procrastinating Canadians are feeling the pressure to gather all their information and start crunching the numbers.

A new Fraser Institute report suggests tax filing is not only time-consuming, but also complex and costly.

The think tank estimates that complying with Canada’s tax...

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CCPA: B.C. Court Case A 'Serious Threat' To Health Care System

(78) Comments | Posted April 27, 2015 | 12:29 PM

A much-delayed B.C. court case challenging the ban on private health care slated to begin this fall could have widespread implications and impact all Canadians, according to a new critique.

The Canadian Centre for Policy Alternatives says the Cambie Surgeries Corp. challenge to the provincial Medicare Protection Act is not...

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Environment, First Nations Get Small Slices Of Budget Pie

(50) Comments | Posted April 22, 2015 | 8:05 PM

Tuesday’s budget made it clear that doling out tax breaks to Canadians was the Conservatives’ top pre-election priority, but with not much cash to go around, that generosity left little room for spending in other areas.

The chart below shows the money allocated to different areas from 2014 to 2020,...

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Use Of EI Funds By Tories To Help Balance Budget Draws Criticism

(99) Comments | Posted April 21, 2015 | 9:25 PM

The federal government is using $1.8 billion in surplus EI funds to help balance its books, drawing criticism from opposition parties and labour groups who say the money belongs in taxpayers’ pockets.

Finance Minister Joe Oliver delivered Tuesday the Tories’ long-promised balanced budget ahead of this year’s...

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Tax Breaks In 2015 Federal Budget Will Benefit Some, Others Not So Much

(122) Comments | Posted April 21, 2015 | 5:10 PM

Tuesday’s federal budget contained a slate of promises for select groups of Canadians — and some gained more than others.

This will be the budget Conservatives take on the campaign trail as they try and sell Canadians on another four years of Tory government. And most...

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Federal Budget 2015: How The Loonie And Oil Fared As The Tories Prepped Their Plans

(0) Comments | Posted April 21, 2015 | 10:44 AM

Budget day has finally arrived, after a wilder ride than the Conservatives expected.

The government has finagled its way to rein in spending to offset a decline in revenues, amid tanking oil prices and a tough economic climate that caused the government to delay releasing the budget by about a...

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