EconomyLoop
where regional business news becomes global to everyone

What's An Average Credit Score For Canadians And Why Does It Matter?

You can tell a lot about a person by the food they eat, the clothes they wear or the car they drive.Not because those items will reveal much about a person's character but because those meals, outfits and vehicles were probably paid for with a credit... read more

 Huffington Post18 days ago

     
Robo-Advisors Are Easy To Use. Here's How To Make Picking One Easy Too.

TooFor too many years Canadians had to look southward and enviously gaze at the bevy of hands-off investing options that our American counterparts had to choose from. Thankfully, this lack of choice in The Great White North has changed in a big way o... read more

 Huffington Post18 days ago
Sears Canada Asks Court For OK To Close More Stores

TORONTO _ Sears Canada is planning another round of closures involving a total of 11 stores, including major locations in Toronto, Winnipeg and Montreal, if it gets approval from the court overseeing the retailer's restructuring.The 10 additional ful... read more

 Huffington Post19 days ago
Lin-Manuel Miranda To Trump: 'You're Going Straight To Hell' For Blasting San Juan Mayor

Lin-Manuel Miranda has taken aim at President Donald Trump over his unjust attacks on San Juan Mayor Carmen Yulin Cruz.Cruz has criticized the federal government's response to the devastation that Hurricane Maria caused in Puerto Rico. Trump hit back... read more

 Huffington Post21 days ago
Moms Who Lead In The Workplace Raise Empowered Daughters

For all the talk around female leadership and the importance of diversity in the boardroom, I never really gave much thought to being a woman executive, as opposed to just being an executive, until my daughter entered high school.I had grown used to ... read more

 Huffington Post21 days ago
Canada’s Telcos Appear In Dictionary Definition Of ‘Oligopoly’

Look up "oligopoly" online, and you'll find Canada's big three wireless companies. Pretty much literally.Reddit user jjayoyj hit a nerve on social media with a screencap showing Investopedia's definition of "oligopoly," which uses Canada's three majo... read more

 Huffington Post21 days ago
6 Career Lessons From Hugh Hefner

In case you missed it, Hugh Hefner, the famed, bathrobed founder of Playboy magazine, has died at the age of 91. Hefner lived a very full life (to put it mildly), and depending on your point of view, was a groundbreaking social activist or an egotist... read more

 Huffington Post22 days ago
'Dirty Chinese Restaurant', Game Made By Ontario Company, Denounced As Racist

A Toronto-area company's upcoming video game called "Dirty Chinese Restaurant" is being denounced as racist, but the business says its product is meant as satire.Big-O-Tree Games says the game _ in which players chase cats and dogs with a cleaver, sc... read more

 Huffington Post22 days ago
Bill Morneau Gets Earful During Town Hall On Small Business Tax Changes

OTTAWA _ Canada's finance minister got a grilling today from taxpayers who are boiling mad about the Liberal government's proposed tax changes for small businesses.Bill Morneau was in Oakville, Ont., for a town-hall meeting where a question-and-answe... read more

 Huffington Post22 days ago
5 Things You Need To Know To Nail The Exit Interview

Quitting a job is awkward and has the potential to burn bridges. Our VP of people & culture, Jerry Gratton, shares how to do it right....So, you've decided to quit your job. Once you've handed in your notice, you're likely to experience a lot of diff... read more

 Huffington Post22 days ago
Plain Packaging Won't Help Canadians — But It Will Hurt Retailers

As federal legislation regarding plain packaging for tobacco products works its way through the system, two important pieces of evidence could, and should, have an impact on how our lawmakers decide to proceed.The first is the results of a survey of ... read more

 Huffington Post22 days ago
Canadian Housing Affordability At Its Worst In 27 Years: RBC

Royal Bank says housing affordability in Canada hit the worst level since 1990 in the second quarter of this year.In a new report Friday, RBC Economics says its national housing affordability measure deteriorated for the eighth straight quarter.The T... read more

 Huffington Post22 days ago
Snoop Dogg Invests In Canadian Cannabis Tracking Software Trellis

TORONTO _ Rapper Snoop Dogg is digging further into the Canadian cannabis ecosystem, investing in a seed-to-sale software provider as the country prepares for the legalization of marijuana by Canada Day next year.Toronto-based Trellis, a cannabis inv... read more

 Huffington Post22 days ago
Canada, Jump On Ultra-Low-Cost Fares While You Can

If you've ever travelled around Europe or the United States, you are probably familiar with ULCCs, or ultra-low-cost carriers. Known as no-frills airfare, these cheap flights offer very bare-bones travel, allowing you to pick and choose which additio... read more

 Huffington Post22 days ago
Canadian Universal Pharmacare Program Would Save More Than $4 Billion A Year: PBO

OTTAWA _ A national, universal pharmacare program that all but eliminates all out-of-pocket expenses for Canadians who need to fill their prescriptions could slash the overall price tag for drugs in this country by more than $4 billion a year.The par... read more

 Huffington Post22 days ago
Justin Trudeau's Father Paid A Heavy Political Price For Tax Reforms

In the dead of summer in July, Justin Trudeau's government introduced new income tax proposals that will result in Canadian small business owners paying more tax. Finance Minister Bill Morneau called the proposals "The Fair Tax Plan," which he says i... read more

 Huffington Post22 days ago
We Can Build A Better World If We Stop Leaving Half Of It Behind

We face global challenges on an unprecedented scale: climate change, natural disasters, poverty, water scarcity, food insecurity, global displacement, conflict and violence. These are not the kinds of challenges that will go away on their own _ they ... read more

 Huffington Post23 days ago
Opening Of First Ikea In Halifax Prompts Overnight Lineups, Mass Cheering

HALIFAX _ Several thousand people lined up early Wednesday to enter Ikea Halifax, as the firm launched the first of its 12 openings across Canada amidst circus performers, political speeches and a Swedish flag raising.Hundreds had secured places at t... read more

 Huffington Post23 days ago
Woman Dragged Off Southwest Flight, Video Shows

Police officers physically removed a woman from a Southwest Airlines plane before it took off from Baltimore, the latest passenger scuffle to be captured on video and magnified on social media.After saying she was severely allergic to animals _ there... read more

 Huffington Post23 days ago
Netflix Will Invest $500 Million In Canadian Productions

OTTAWA _ An agreement that Netflix will invest at least $500 million in original productions in Canada is set to be part of a long-awaited reboot of Canada's cultural policy.Heritage Minister Melanie Joly will unveil the comprehensive overhaul Thursd... read more

 Huffington Post23 days ago
Philippe Couillard: Feds Shouldn't Let A 'Bolt' From Boeing Enter Canada Until Dispute Resolved

Quebec Premier Philippe Couillard says he wants Ottawa to take a hard line against Boeing after the U.S. Department of Commerce proposed a hefty 219 per cent countervailing duty on jets manufactured by Montreal rival Bombardier.The department's preli... read more

 Huffington Post23 days ago
Consumers Lose No Matter Who Wins The U.S.-Canada Jet Subsidy War

Putting into action the protectionist rhetoric of U.S. President Donald Trump, the U.S. Department of Commerce announced on Tuesday a tariff of more than 200 per cent on Bombardier's C-Series regional jet.The initial complaint was lodged by Chicago-b... read more

 Huffington Post24 days ago
Bombardier Loses Trade Dispute With Boeing

OTTAWA _ The U.S. Department of Commerce has clobbered aerospace giant Bombardier with a hefty 219 per cent duty on the sale of its CS100 commercial jets to a U.S. airline following a trade complaint from an American rival.The department ruled that B... read more

 Huffington Post24 days ago
Stay The Course And Finally Close These Unfair Tax Loopholes

Everyone should pay their fair share of taxes.For most Canadians, that much is obvious. While few of us might say we actually enjoy paying taxes, we do generally recognize that we all have a responsibility to pay our fair share to live in a civilized... read more

 Huffington Post24 days ago
JPMorgan Facing A New Environmental Fight Over Oilsands Funding

JPMorgan Chase is the target of a new environmental push demanding the bank end funding for oilsands drilling, HuffPost has learned. In a new campaign set to be announced Tuesday, the San Francisco-based Rainforest Action Network criticizes the count... read more

 Huffington Post24 days ago
Canada Best Credit Cards In 2017, According To RateHub And MoneySense

Although there's many a reason to be wary of credit cards (and rising household debt), they can still be leveraged as a great way to earn rewards like travel, insurance, and cash back.Mortgage and credit card comparison site Ratehub released its annu... read more

 Huffington Post25 days ago
Bombardier Braces Itself For Double Dose Of Bad News For Railway, Aircraft Businesses

MONTREAL _ Bombardier faces the prospect of a double barrel of bad news today affecting its commercial aircraft and railway businesses.The first hit could come from Europe early this morning with the announcement of a possible deal to merge Germany's... read more

 Huffington Post25 days ago
Uber May Stop Operating In Quebec: Reports

MONTREAL _ Published reports say ride-hailing company Uber could be about to cease operations in Quebec.Reports in Montreal La Presse and the Journal de Montreal say the company could make an announcement as early as today because of new rules govern... read more

 Huffington Post25 days ago
It's Only Fair That Businesspeople Are Treated Differently, Trudeau

Mr. Trudeau stated on Sept. 8 that his new tax plan is aimed at those earning more than $150,000 per year, and promised to ensure the controversial changes do not hurt middle-class business owners.He also stated, "If you're making $150,000 a year or ... read more

 Huffington Post25 days ago
Avoid Getting Bit When Dealing With Your Toxic Co-workers

Sometimes working in an office can feel more like swimming with sharks.While we're all familiar with workplace conflict, particularly toxic co-workers can leave their fellow employees drowning in stress, be it through bullying, gossip or cutthroat be... read more

 Huffington Post25 days ago
Ontario Has Lost 1,000 Planned Rental Units Since New Housing Rules: Report

TORONTO _ A group representing Ontario's rental-housing providers says at least 1,000 planned rental units have been cancelled or converted to condominiums since the provincial government introduced new rent control rules in the spring.A new report c... read more

 Huffington Post26 days ago
A Canada-UK Trade Deal Should Include Open Borders For People

Prime Minister Justin Trudeau and his British counterpart, Theresa May, announced last week that the two countries are negotiating a free trade deal aimed to come into force after Britain leaves the European Union.As a model for the deal, the two lea... read more

 Huffington Post26 days ago
Bell Wants To Use NAFTA To Completely Criminalize Piracy

Bell, Canada's largest telecom company, has called on the government to support radical copyright and broadcast distribution reforms as part of the NAFTA renegotiation. Their proposals include the creation of a mandated website blocking system withou... read more

 Huffington Post26 days ago
NAFTA Deal By Year End 'Impossible To Predict': Chief Negotiator

OTTAWA _ Canada's chief negotiator says solid progress is being made in talks to rewrite the North American Free Trade Agreement, but it's too soon to tell if a deal can be reached by the year-end deadline set by the United States."The pace is very f... read more

 Huffington Post26 days ago
NAFTA Negotiations: Chrystia Freeland Praises Feds' 'Made-In-Canada' Approach To Talks

TORONTO _ Foreign Affairs Minister Chrystia Freeland touted Ottawa's made-in-Canada approach to NAFTA renegotiations Friday as she met with an array of advisers _ from former politicians to labour representatives _ ahead of the third round of talks i... read more

 Huffington Post29 days ago
Tax Reform Moving Forward Would Be A Big Step Back For Canada

The Liberal government claims to be dedicated to improving the quality of life for all Canadians _ but their latest proposal to reform tax laws are unlikely to do so. Prime Minister Justin Trudeau has been touting his new tax reform plans as of late.... read more

 Huffington Post29 days ago
Don’t Let NAFTA 2.0 Stand In The Way Of Pharmacare

Canada is closer today than ever before to achieving a public prescription drug plan for everyone. Provinces, cities, labour unions, businesses, doctors, nurses, health-care workers, economists and patient groups have come together to form one of the... read more

 Huffington Post30 days ago
Calgary Flames Say There's No Point In Continuing Bid For New Arena

CALGARY _ The Calgary Flames say they were willing to contribute $275 million of their own money to a new arena before they ended negotiations with the city.Calgary Sport and Entertainment Corporation's proposal released early Thursday morning includ... read more

 Huffington Post30 days ago
NAFTA Negotiations Have An 'Alice In Wonderland' Problem

OTTAWA _ NAFTA negotiators appear to have adopted the lament of the White Rabbit: "The hurrier I go, the behinder I get."Battalions of negotiators for Canada, Mexico and the United States have been working at a breakneck pace trying to reach agreemen... read more

 Huffington Post30 days ago
I Don't Envy The Politician Who Tries To Sort Out Canada's Housing Mess

I do not envy politicians. It seems like every decision our elected officials make, thousands of people immediately attack their keyboard, criticizing everything about it. Even when a politician's choice is heavily supported, the vocal minority shout... read more

 Huffington Post30 days ago
Kosher Medical Marijuana Is Available In Time For Rosh Hashanah

GATINEAU, Que. _ A Quebec medical marijuana producer says its processed products have been certified as kosher, just in time for one of the High Holidays on the Jewish calendar.The Hydropothecary Corp. says the certification by Rabbi Levy Teitlebaum ... read more

 Huffington Post31 days ago
Suncor Energy Investigating 123 Bird Deaths At New Oilsands Mine

CALGARY _ Oilsands giant Suncor Energy says it is mystified by the discovery Sunday of dead and dying birds at a nearly complete northern Alberta mine that hasn't produced its first official barrel of oil yet.On Tuesday, the Alberta Energy Regulator ... read more

 Huffington Post31 days ago
Canada's Economy To Beat All G7 Countries: OECD Forecast

OTTAWA _ The Organization for Economic Co-operation and Development has raised its expectations for economic growth in Canada this year compared with a June forecast.The Paris-based economic think tank says it now expects the Canadian economy to grow... read more

 Huffington Post31 days ago
Alimentation Couche-Tard Still Wants To Sell Pot In Quebec Convenience Stores

LAVAL, Que. _ Alimentation Couche-Tard is still interested in selling marijuana and its co-founder says he thinks provincial governments should stay out of selling this product.Alain Bouchard, the executive chairman of the Quebec-based chain of conve... read more

 Huffington Post31 days ago
Happy 100th Birthday, Income Tax. We Wouldn't Be Canada Without You

I am alive today because I am Canadian. If I were American, and didn't have health care paid for through taxes, I would be dead. Today is the 100th anniversary of income tax in Canada, and it is a day, year and century I want to celebrate.When I was ... read more

 Huffington Post31 days ago
Justin Trudeau Tells NYC Gala That Worker-Friendly Policies Will Save Free Trade

NEW YORK _ Prime Minister Justin Trudeau took his so-called progressive trade agenda to the United States on Tuesday.In a speech to a black-tie gala aboard an aircraft carrier in the Hudson River, Trudeau argued that worker-friendly policies are key ... read more

 Huffington Post31 days ago
B.C. Liberals Asked Oil And Gas Industry To Tweak Climate Plan, Docs Show

VANCOUVER _ British Columbia's former Liberal government asked oil and gas corporations to "refine" the language of recommendations made by an advisory panel before it finalized its Climate Leadership Plan, documents show.Meeting agendas and presenta... read more

 Huffington Post31 days ago
This Is What A NAFTA-Fuelled Race To The Bottom Looks Like

If you want to see what a NAFTA-caused race to the bottom looks like, go to Ingersoll, Ont.In that picturesque town west of Toronto, workers at the CAMI automotive plant are on strike over a reasonable proposal that their employer, General Motors of ... read more

 Huffington Post31 days ago
See The Northern Lights At Eye-Level In Chartered Flight From Whitehorse

In a Canadian first, an airline will offer a flight just for viewing the northern lights this fall."One of the best places to see the Aurora Borealis in the northern hemisphere is in the Yukon," Anthony Gucciardo, president of the Yukon Astronomical ... read more

 Huffington Post31 days ago
To Foster Entrepreneurship, Ottawa Should Look To Vienna

In the Canadian political landscape, entrepreneurship is as good as apple pie. Every Canadian politician claims to want to help entrepreneurs. However, there is considerable confusion about the kinds of public policies that foster entrepreneurship. I... read more

 Huffington Post31 days ago