EconomyLoop
where regional business news becomes global to everyone

Canadian Housing Affordability Is Now Improving, After Years Of Deterioration

Good news, stressed-out, would-be homebuyers: You may not have to give up on your dream of owning a home in one of Canada's pricey cities just yet.For the first time in nearly three years, housing affordability in Canada is actually improving.The Nat... read more

 Huffington Post54 minutes ago

     
There Will Be No Winners In Alberta And B.C.'s Looming Trade War

Growing up, my mother constantly reminded me of two important rules: Do unto others as you would wish others do unto you, and two wrongs never make a right. In the span of a week, our political "leaders" have failed to grasp the importance of these t... read more

 Huffington Post4 hours ago
Canada Revenue Agency Is Coming For Your Undeclared Income From Tips

If you earn income through tips and don't report it, watch out. It's becoming increasingly easy for Canada Revenue Agency (CRA) to catch unreported tip income, and the agency says it plans to continue targeting those who don't pay up.In an email to H... read more

 Huffington Post21 hours ago
Bell Pushes Employees To Back Web Censorship Plan, Memo Shows

A leading Canadian expert on internet law is accusing media giant Bell of "astroturfing" government hearings on the future of the internet by urging its employees to back a web censorship plan.Michael Geist, the Canada Research Chair in Internet and ... read more

 Huffington Post23 hours ago
Canada’s Most And Least Polite Provinces, As Measured By Business Invoices

Can the tone of business invoices give us an understanding of how polite people are across the country? Data analysts at accounting software firm FreshBooks think so, and they've come to the conclusion that New Brunswick is Canada's most polite provi... read more

 Huffington PostYesterday
Canada To Buy Less From U.S. Under TPP, Threatening NAFTA Talks

OTTAWA _ American imports into Canada could fall by $3.3 billion under the recently rebooted Trans-Pacific Partnership, the federal government has concluded, sparking fears the new pact could hurt the ongoing NAFTA renegotiation.The text of the 11-co... read more

 Huffington PostYesterday
Don't Be A Victim Of Fake Transparency On Your Investment Statements

Are you a victim of fake transparency?Most people who have investments will be getting their annual Investment Performance, Fees and Compensation Reports over the next few weeks.As I mentioned in my last blog, not all costs being charged to your acco... read more

 Huffington PostYesterday
Uber Drivers Will Be Forced To Take A Break After 12 Straight Hours

TORONTO _ Uber drivers in Canada trying to work for more than 12 hours straight will soon be forced to take a six-hour break before they can hit the road again.The new policy being rolled out at the beginning of next week will be enforced through the... read more

 Huffington PostYesterday
B.C. NDP's 1st Budget Marks Turn After Tight-Fisted Liberal Era

VICTORIA _ British Columbia moved to ease the province's housing crisis Tuesday with a new tax on property speculators and higher taxes on foreign homebuyers with a budget that plans to create 114,000 affordable housing units over the next decade.Fin... read more

 Huffington PostYesterday
Trudeau Touts Canada-India Investment Deals Worth $1B

MUMBAI, India _ Some of India's biggest companies say they will invest more than $250 million in Canada, in everything from pulp mills to pharmaceuticals and the IT sector.Canadian companies, meanwhile, plan to invest $750 million in India.The news c... read more

 Huffington PostYesterday
Leon's, The Brick To Pay Up Over Allegedly Deceptive 'Buy Now, Pay Later' Deals

OTTAWA _ The Competition Bureau says it has reached an agreement with Leon's Furniture Ltd. and the Brick Ltd. regarding allegations of deceptive marketing practices.As part of the settlement, Leon's and the Brick have agreed to each donate $750,000 ... read more

 Huffington PostYesterday
Canadian Federal Pilots Association Blames Government Cutbacks For Jump In Airline Incidents

OTTAWA _ A national pilots association is raising alarm bells over new accident numbers showing a year-over-year jump in incidents involving commercial airliners.The Transportation Safety Board says the increase in airline incidents overall is partly... read more

 Huffington Post2 days ago
Canadian Banks Are About To Make Things Much Harder For Foreign Buyers

Better Dwelling: Foreign buyers just got one of the most aggressive hurdles when buying Canadian real estate. The Canadian Imperial Bank of Commerce (CIBC) quietly notified its mortgage advisors the "Foreign Income Program" has ended. The program was... read more

 Huffington Post2 days ago
Canada's Refugee Response Should Make Us Proud, But Not Smug

From the federal government to community groups and volunteers, we can be rightfully proud of the work done across Canada to help Syrian refugees come here.Doors were opened late in 2015 to let thousands of refugees in to start a new life as they esc... read more

 Huffington Post2 days ago
Ontario Minimum Wage Hike Not Behind Job Losses, Scotiabank Study Finds

Ever since news landed that Canada, and specifically Ontario, suffered major job losses in January, speculation has been rife that the province's substantial minimum wage hike was at least partly to blame.But a new analysis from Scotiabank finds ther... read more

 Huffington Post2 days ago
Trudeau Floats New Paternity Leave Policy Similar To Popular Quebec Program

OTTAWA _ Prime Minister Justin Trudeau is raising the idea of creating a use-it-or-lose-it, funded leave for new dads, doing so days before he unveils a spending blueprint that has been the focus of lobbying efforts for further changes to national pa... read more

 Huffington Post2 days ago
Website-Blocking Proposal Gets Little Love In Submissions To CRTC

TORONTO _ A warning from Canada's biggest media companies that their survival is under threat from unregulated foreign rivals and illicit content pirates has sparked a massive influx of submissions to the federal telecommunications regulator from con... read more

 Huffington Post2 days ago
KFC Chicken Shortage Forces Shutdown Of Restaurants In Britain

LONDON _ Fried-chicken fans were in a flutter Monday after most of the 900 KFC outlets in the U.K. and Ireland were forced to close because of a shortage of chickenThe company apologized to customers, blaming "teething problems" with its new delivery... read more

 Huffington Post2 days ago
B.C. Issues Formal Challenge Against Alberta's Wine Ban

VANCOUVER _ The British Columbia government has launched a formal challenge against Alberta's ban on its wines.B.C. said Monday it has notified Alberta that it is formally requesting consultations under the Canadian free trade agreement's dispute set... read more

 Huffington Post2 days ago
Montreal's Oreo Cookie Plant To Close More Than A Year After Announcement

MONTREAL _ There was a time when the whole neighbourhood surrounding an east-end Montreal bakery would smell like baking Oreos.But that era comes to an end this month when snack-maker Mondelez International closes its Montreal factory for good.Union ... read more

 Huffington Post3 days ago
Money Laundering In B.C. Real Estate: Attorney General Vows To Probe 'DIsturbing Allegations'

VICTORIA _ British Columbia's attorney general says he's deeply troubled by reports of money laundering and criminal activity in the real estate market.David Eby has issued a statement saying the government takes reports of money laundering through r... read more

 Huffington Post4 days ago
Student Loans Worth $200 Million Written Off By Liberals As Uncollectible

OTTAWA _ The federal government is writing off more than $200 million in outstanding student loan payments that officials will never be able to collect.Recently released spending documents show the government won't collect $203.5 million in debts fro... read more

 Huffington Post4 days ago
Rachel Notley Wants Progress With B.C. On Trans Mountain Pipeline By Next Week

EDMONTON _ Alberta Premier Rachel Notley says she wants progress soon in the impasse between her province and British Columbia over the Trans Mountain pipeline or she will ratchet up the pressure."We'd like to see some evidence of progress next week ... read more

 Huffington Post5 days ago
You Know Your Idea's A Win. Now, Make Your Boss Believe It

When I worked at an advertising agency as a junior account executive (or "suit") responsible for managing accounts, we had a client who didn't like any of the ad copy our creative team had presented for a certain ad. And the publication deadline was ... read more

 Huffington Post5 days ago
Global News Cuts Nearly 80 Jobs In Shift To Online Coverage

Corus Entertainment cut nearly 80 jobs, mostly in traditional TV production, at Global News newsrooms across Canada as part of a restructuring geared toward boosting online coverage.Global News will add about 50 new positions, mostly journalists who ... read more

 Huffington Post6 days ago
Canadian Home Sales Fall To Lowest Level In 3 Years: CREA

Canadian home sales fell 14.5 per cent between December and January, marking the lowest sales level in three years as the housing market was hit last month by a double whammy of tighter mortgage rules and lending rate hikes.Data released by the Canad... read more

 Huffington Post7 days ago
Sun Life Financial To Cover Medical Marijuana In Group Benefits Plans

TORONTO _ Sun Life Financial Inc. is adding medical marijuana as an option for its group benefits plans, marking an industry shift and the latest sign of growing public acceptance of cannabis.The Toronto-based insurer's chief executive Dean Connor sa... read more

 Huffington Post7 days ago
Greenwashing Won't Save Big Oil's Failing Tar Sands Business Model

Big Oil's business model has collapsed and the situation for the industry will not improve. This business model is premised on strong growth to contribute to high prices and, in turn, render economically viable, expensive to develop non-conventional ... read more

 Huffington Post7 days ago
Apple HomePod Leaves White Ring On Wooden Surfaces, Customers Say

SAN FRANCISCO _ Apple's new internet-connected speaker is proving to be more appealing to the ears than to the eyes, depending on where the device is placed.Some people who bought the just-released $349 speaker, dubbed the HomePod, are reporting that... read more

 Huffington Post7 days ago
'Supercluster' Funding: Navdeep Bains Unveils 5 Tech Groups Will Split $950M

OTTAWA _ Innovation Minister Navdeep Bains has named five technology groups that will each get a piece of up to $950 million in what the government calls its "superclusters" initiative._ The Ocean Supercluster based in Atlantic Canada will use innova... read more

 Huffington Post7 days ago
Shaw Buyouts Number 3,300, Far More Than Expected

Shaw Communications says 3,300 of its employees have decided to take a voluntary buyout package _ far above the company's original estimate of about 650.The Calgary-based company says that about one-quarter of its workforce will be departing as part ... read more

 Huffington Post7 days ago
CRA Raids 3 Locations Linked To Panama Papers Tax Investigation

CALGARY _ The Canada Revenue Agency says it executed three search warrants Wednesday as part of a criminal investigation related to the so-called Panama Papers data leak.The CRA says in a statement that about 30 of its criminal investigators, as well... read more

 Huffington Post7 days ago
'Roll Up The Rim' Mocked On Social Media Amid Tim Hortons Wage Controversy

Every year, Tim Hortons' Roll up the Rim contest results in some happy winners, and a whole bunch of disappointed customers holding "please play again" cups.This year is no different, but with the coffee-and-doughnut chain embroiled in controversy ov... read more

 Huffington Post7 days ago
Statistics Canada To Test Sewage To Determine Canadians' Pot Consumption

OTTAWA _ The federal government is taking a somewhat noxious approach to studying just how much pot Canadians are consuming: researching our sewage.Statistics Canada will spend up to $600,000 a year for a contractor to regularly test waste water from... read more

 Huffington Post8 days ago
House Prices Falling In Majority Of Canadian Cities As New Rules Kick In

House prices fell in a majority of Canadian cities in January, the first month of tough new mortgage rules at the major banks, new data shows.The latest edition of the Teranet-National Bank House Price Index shows prices falling in seven of the 11 ci... read more

 Huffington Post8 days ago
This Valentine’s Day, Be Financially Open With Your Partner

Couples hiding money secrets from each other is more common than most of us think.A recent online survey from Credit Canada and the Financial Planning Standards Council found that 34 per cent of respondents kept financial secrets from their current r... read more

 Huffington Post8 days ago
Canadians Spending Less On Food, Heat To Afford Prescription Drugs: Study

MONTREAL _ Nearly one million Canadians opted for emptier grocery bags and colder homes in order to pay for prescription drugs in 2016, suggests a nationwide study on the topic published Tuesday.The review was conducted by researchers at the Universi... read more

 Huffington Post8 days ago
U.S. Ambassador Kelly Craft Says Donald Trump Isn’t Great At Making Plans

OTTAWA _ In a room flanked by military tanks and warplanes, the U.S. Ambassador to Canada spoke somewhat candidly Tuesday evening about what it's like to work with President Donald Trump.Kelly Craft made her remarks at the Macdonald-Laurier Institute... read more

 Huffington Post8 days ago
Canada Needs To Cut Corporate Tax Rate To Stay Competitive: Professor

MONTREAL _ The Canadian government needs to shave a bit off the corporate tax rate and provide financial incentives for investments in artificial intelligence and robotics following U.S. tax reforms, says a leading tax expert."I think there's room fo... read more

 Huffington Post8 days ago
Trump White House To Blame For Limited NAFTA Progress: Canada's Chief Negotiator

OTTAWA _ The ongoing effort to rescue and revamp NAFTA has made only limited progress because U.S. officials at the table find themselves hamstrung by the demands of the Trump White House and the talks are taking place too quickly, Canada's chief neg... read more

 Huffington Post8 days ago
Toronto's Cost Of Living For Young People Soars By $400 A Month: Analysis

If you're a young person living in Toronto, you'll need to have scored a raise of some $5,000 in the past year just to keep up with the rising cost of living.A new survey finds it costs a single young person living in the city $400 more per month to ... read more

 Huffington Post8 days ago
Federal Budget 2018: Liberal Spending Plan Will Be Tabled Feb. 27, Bill Morneau Says

OTTAWA _ Finance Minister Bill Morneau will introduce the federal government's latest budget on Feb. 27 as the country faces persistent uncertainty around trade and competitiveness.Morneau made the announcement today in the House of Commons during qu... read more

 Huffington Post8 days ago
WATCH: Skiing Robots Are Here And They Come In Peace

... read more

 Huffington Post8 days ago
More Insolvent Borrowers In Ontario Are Using Payday Loans: Study

TORONTO _ A study by a Toronto-based firm says the rate of insolvent borrowers using payday loans in Ontario has grown for the sixth consecutive year.Insolvency trustee firm Hoyes Michalos & Associates says 31 per cent of insolvent borrowers used the... read more

 Huffington Post9 days ago
General Motors' Car-Sharing Startup Maven Coming To Canada With Toronto Launch

The Maven logo on a General Motors car-sharing service ...<a href= read more

 Huffington Post9 days ago
B.C. Won't Be Allowed To Stall Trans Mountain Pipeline Expansion, Carr Says

OTTAWA _ Natural Resources Minister Jim Carr says the government will not entertain any attempts by British Columbia to stall or stop the expansion of the Trans Mountain pipeline."If that is the goal of any province, we will take the necessary action... read more

 Huffington Post9 days ago
Forcing Pilots Into Unstable Jobs Creates A Bumpy Ride For Everyone

As part of my job, I'm in the air a lot, heading off to meet with members across the country.In doing so, I can't help but notice airlines pushing the federal government to delay or weaken new fatigue rules, blaming an expected shortage of pilots in ... read more

 Huffington Post9 days ago
Amazon HQ2 Would Be Yet Another Great Canadian Immigration Story

It is likely to be one of the largest corporate decisions in history. Sometime this year, Amazon will decide which city amongst the 20 it shortlisted recently will be home to HQ2, its second headquarters.Many have come to describe their search has so... read more

 Huffington Post9 days ago
Hydro One Privatization Leads To Long-Term Costs For Taxpayers: Watchdog

TORONTO _ Ontario's financial watchdog says financing infrastructure projects through traditional debt would have cost the government less than privatizing part of Hydro One to raise the money.The Financial Accountability Office says taxpayers would ... read more

 Huffington Post9 days ago
Here's How To Get The Most Out Of Your RRSP

Advertisements abound showcasing images of a rosy retirement: elderly couples smiling happily from the balcony of their cottage, snapping pictures while on safari or practicing their swing in advance of another golf game. But what many Canadians are ... read more

 Huffington Post10 days ago