EconomyLoop
where regional business news becomes global to everyone

Ontario Cannabis Store Logo Is The Most Literal Thing Ever

At some point in the summer of 2018, the Canadian government is going to legalize marijuana across the country. And as such, provinces are preparing for exactly how they plan to sell it.In Alberta, they'll be issuing licenses for cannabis stores. In ... read more

 Huffington Post47 days ago

     
There's A Hidden Easter Egg On The Bank Of Canada Website

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 Huffington Post47 days ago
What Does Donald Trump Mean For Canada's Housing Market?

U.S. President Donald Trump sent shockwaves through Canada's economy this past week, first promising punishing tariffs on steel and aluminum imports, then at the last minute exempting Canada from those tariffs, at least temporarily.It's becoming pain... read more

 Huffington Post47 days ago
Toys R Us Says It's Business As Usual Despite Reports Of U.S. Liquidation

TORONTO _ Toys R Us Canada says it's business as usual amid reports that the retailer's U.S. counterpart is preparing to liquidate operations in the United States.The Canadian retailer says it has no information or comment about various media reports... read more

 Huffington Post47 days ago
Canada's Unemployment Rate Drops On Surge In Part-Time Work

OTTAWA _ The economy added 15,400 net new jobs last month and the unemployment rate edged down to 5.8 per cent _ but the gains were due to a surge in part-time work that offset a heavy decline in full-time positions.Statistics Canada's latest labour ... read more

 Huffington Post47 days ago
Alberta Premier Rachel Notley Threatens To Turn Off Oil Taps Over B.C. Pipeline Dispute

EDMONTON _ Alberta Premier Rachel Notley is threatening to turn off the oil taps in a fight with British Columbia over the Trans Mountain pipeline expansion.Notley won't say if she would cut off B.C. or the rest of Canada _ or both _ but says her gov... read more

 Huffington Post47 days ago
Barack Obama In Talks With Netflix To Create TV Shows: New York Times

(Reuters) _ Former U.S. president Barack Obama is in advanced talks with Netflix Inc to produce a series of high-profile shows, the New York Times reported on Thursday, citing people familiar with the matter.Under the terms of a proposed deal, Netfli... read more

 Huffington Post47 days ago
Ending NAFTA Would Cost 85,000 Jobs Within A Year: Conference Board Of Canada

OTTAWA _ The Conference Board of Canada is predicting a 0.5 per cent decline in the country's economy resulting in the loss of about 85,000 jobs within a year if the North American Free Trade Agreement is terminated.As talks to renegotiate the trade ... read more

 Huffington Post47 days ago
Flight Attendant Union Files Human Rights Complaint Against Air Canada

TORONTO _ The union representing Air Canada flight attendants says it has filed a human rights complaint alleging "systemic discrimination and harassment" of its members.The Canadian Union of Public Employees says the airline's policies on uniforms a... read more

 Huffington Post48 days ago
Sequoia Resources To Orphan Thousands Of Wells After Ceasing Operations

CALGARY _ A massive number of oil and gas wells, facilities and pipeline segments stand to be added to the already bulging files of the Alberta Orphan Well Association in the wake of the likely failure of Sequoia Resources Corp.All of the Calgary-bas... read more

 Huffington Post48 days ago
Fake News Travels Way Faster And Farther Than Truth: Study

WASHINGTON _ Twitter loves lies. A new study finds that false information on the social media network travels six times faster than the truth and reaches far more people.And you can't blame bots; it's us, say the authors of the largest study of onlin... read more

 Huffington Post48 days ago
Canada Granted Exemptions From U.S. Steel, Aluminum Tariffs For Now

WASHINGTON _ Canada can breathe easier, for now: It's getting relief from U.S. tariffs for an undetermined period.U.S. President Donald Trump is signing proclamations hammering global steel and aluminum imports with tariffs of 25 and 10 per cent. The... read more

 Huffington Post48 days ago
Why Is The New $10 Bill Vertical? Glad You Asked.

Canada has a new $10 banknote, and not only is it the first one to feature a black or Canadian woman, civil rights heroine Viola Desmond, but it's also the first with a vertical alignment.And that second part is causing some head scratching online.Wh... read more

 Huffington Post48 days ago
Liberals' Tax Changes Aimed At The Rich Will Hit Some Families Earning Less Than $100K: PBO

OTTAWA _ A new analysis says roughly 900 Canadian families earning less than $100,000 a year will have to pay more taxes because of federal changes to tighten income-sharing rules for owners of small businesses.The federal budget watchdog says measur... read more

 Huffington Post48 days ago
New $10 Bill Honouring Viola Desmond’s Courage Is Here.. And It's Vertical

HALIFAX _ Viola Desmond's trailblazing act of defiance _ overlooked for decades by most Canadians _ was honoured in a Halifax ceremony this afternoon that cements her new status as a civil rights icon.At about 12:30 p.m. AT today, a new $10 bill feat... read more

 Huffington Post48 days ago
Forced Out Because Of Age? Here Are 5 Tips To Revive Your Career

About 20 years ago, I decided to explore working as a full-time writer within a corporation, and connected with a search firm. I had a decade of solid writing experience gained in Canada and the United Kingdom, and felt marketableand curious. Five mi... read more

 Huffington Post48 days ago
Canada To Negotiate Trade Deal With South American Bloc Mercosur

OTTAWA _ Canada is expected to announce Friday the start of formal free trade negotiations with the four-country South American trade bloc known as Mercosur.A spokesman for International Trade Minister Francois-Philippe Champagne says the negotiation... read more

 Huffington Post48 days ago
Look How Much Smaller Canada’s Economy Would Be Without Women

It's International Women's Day, 2018. Do you know how much women have contributed to your economy?Probably not, because it's a pretty tough number to nail down. But economic analysts at the Bank of Montreal (in this case, a team of three males and tw... read more

 Huffington Post48 days ago
Vancouver Empty Homes Tax To Affect Thousands Of Properties

VANCOUVER _ Nearly 8,500 homes have been declared vacant or underused in Vancouver after the submission deadline passed for the city's new empty homes tax.The figure not only includes properties that were deemed unoccupied for six months or more, but... read more

 Huffington Post48 days ago
I Finally Didn't Have To Choose Between A 'Work Self' And A 'Home Self'

This International Women's Day, I am reflecting on how we can continue to foster women in leadership, both here in Canada and across the globe. In many ways, I believe authenticity plays a big part. As women, are we given the opportunity to show up t... read more

 Huffington Post49 days ago
Majority Of Canadians Sexually Harassed At Work Don’t Report It: Poll

OTTAWA _ Nearly one-quarter of Canadians who participated in an online survey say they have personally experienced sexual harassment in the workplace, but more than half decided against reporting it.Navigator, a major Toronto-based public relations f... read more

 Huffington Post49 days ago
Canada May Be Spared From Trump's Steel, Aluminum Tariffs, White House Suggests

WASHINGTON _ The White House says Canada and Mexico could yet be spared from U.S. President Donald Trump's controversial steel and aluminum tariffs.Spokswoman Sarah Sanders says the two U.S. neighbours might get what she calls a ''carve-out'' for rea... read more

 Huffington Post49 days ago
Civilian Workplaces Can Learn From How The Army Approaches Mental Illness

I had barely gotten the words out before my doctor was reaching for his prescription pad.I hadn't been sleeping, eating or accomplishing much of anything, really. It had been going on for some time. I had recently suffered a significant personal loss... read more

 Huffington Post49 days ago
Trump's Tariffs On Steel, Aluminum Would Hit Canada 5 Times As Hard As China: Report

Though U.S. President Donald Trump's administration has suggested its proposed steel and aluminium tariffs are aimed at China, a new report suggests the move would hit Canada much harder.Data also suggests that one part of Canada _ Quebec _ stands to... read more

 Huffington Post49 days ago
Canada’s Most Embarrassing Tax Questions, Answered

Taxes can get personal. Really personal. In fact, the more your tax professional knows about your life, the better, as it can often lead to the opportunity to claim a tax credit you didn't even know about.Worried your complicated relationship status ... read more

 Huffington Post49 days ago
How Finally Owning A Home Ended My 29-Year Pursuit Of Stability

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 Huffington Post49 days ago
Bank Of Canada Holds Key Interest Rate At 1.25% Over Uncertainty Around Trade

OTTAWA _ The Bank of Canada kept its key interest rate target on hold Wednesday as it pointed to a climate of broadening, important unknowns around trade.In explaining its decision to maintain its benchmark at 1.25 per cent, the central bank noted th... read more

 Huffington Post49 days ago
Facebook Stole BlackBerry's Tech For Messaging Apps, Lawsuit Claims

TORONTO _ BlackBerry Ltd. is taking Facebook Inc. and its WhatsApp and Instagram subsidiaries to court in California, alleging they've infringed on several U.S. patents owned by the Canadian company.Among other things, the Waterloo, Ont.-based compan... read more

 Huffington Post50 days ago
Toronto Police Arrest 4 Men In $17-Million Mortgage Fraud Investigation

TORONTO _ Police in Toronto say four people are facing charges after a mortgage fraud investigation lasting nearly five years.Four men between the ages of 45 and 53 are due in court Tuesday on charges including fraud, conspiracy, forgery and money la... read more

 Huffington Post50 days ago
Trump Could Use NAFTA To Bully Canada's Emerging Weed Industry

Last month, (allegedly) following a call from U.S. President Donald Trump, Israeli Prime Minister Benjamin Netanyahu delayed a long-held plan to export Israeli medicinal cannabis.It was a troubling moment for Canada's cannabis sector, as it signals t... read more

 Huffington Post50 days ago
Ontario 'Pay Transparency' Bill Would Require Large Employers To Track, Disclose Gender Wage Gaps

TORONTO _ Ontario plans to introduce legislation Tuesday that aims to close the wage gap between women and men in the province.If passed, the "pay transparency" bill would require all publicly advertised job postings to include a salary rate or range... read more

 Huffington Post50 days ago
McDonald's Is Testing Out Fresh Beef For Its Burgers

NEW YORK _ McDonald's is offering fresh beef rather than frozen patties in some burgers at thousands of restaurants, a switch it first announced about a year ago as it works to appeal to customers who want fresher foods.The fast-food giant, which has... read more

 Huffington Post50 days ago
Greater Toronto Area Home Sales, Prices Down In February

TORONTO _ Canada's largest real estate board says home sales in the Greater Toronto Area fell nearly 35 per cent year-over-year in February, as selling prices dropped more than 12 per cent.The Toronto Real Estate Board reported 5,175 residential tran... read more

 Huffington Post50 days ago
Loonie Falls To An Almost 8-Month Low Amid Donald Trump's Tough Tariff Talk

LONDON (Reuters) _ The U.S. dollar edged down on Tuesday, while the Canadian dollar traded close to an eight-month low on persistent worries about a trade war stemming from U.S. President Donald Trump's proposed tariffs on imported steel and aluminum... read more

 Huffington Post50 days ago
Loblaw To Start Selling Cricket Powder As Part Of President's Choice Line

TORONTO _ One of the country's biggest retailers is betting bugs are the next big thing in Canadian cuisine.Loblaw Companies Ltd. is adding cricket powder to its lineup of President's Choice products.In a statement Monday, Loblaw says the flour is hi... read more

 Huffington Post50 days ago
Justin Trudeau Called Donald Trump To Talk About Steel, Aluminum Tariffs And NAFTA

WASHINGTON _ Prime Minister Justin Trudeau has spoken by phone with U.S. President Donald Trump about the threat of tariffs.Trudeau called his American counterpart, who is preparing an announcement within days on major steel and aluminum tariffs.Sour... read more

 Huffington Post51 days ago
Caroline Mulroney Taps Dad For Last Push In Ontario PC Leadership Race

AJAX, Ont. _ While consistently dismissing critics who accuse her of cashing in on her family name, Caroline Mulroney has recruited her famous father to shore up support as she fights to seize the reins of Ontario's Opposition.Former Conservative pri... read more

 Huffington Post51 days ago
Budget 2018 Takes Cyber Crime Seriously, And So Should Canadians

The federal Liberal government of Canada in its most recent budget committed more than $500 million to a new cyber security strategy to better combat cyber crime. The Communications Security Establishment (CSE) will receive more than $155 million ove... read more

 Huffington Post51 days ago
"Basic Economy" Fares Are Coming To Canada. Here's What To Know

Canada is one of the most expensive countries in the world in terms of plane ticket prices.That being said, in 2018 things should get much better for budget travelers, mainly thanks to the long overdue arrival of Ultra Low-Cost Carriers in Canada, an... read more

 Huffington Post51 days ago
FCKD Up Energy Drink Pulled By Quebec's Geloso Group After Athena Gervais Death

MONTREAL _ Geloso Group says it's ceasing production of a sweetened alcoholic beverage and pulling the product from store shelves.The Quebec beverage company says in a statement that it has ordered employees to stop producing FCKD UP immediately.The ... read more

 Huffington Post51 days ago
Canada Can't Be Excluded From Steel, Aluminum Tariffs: Peter Navarro

WASHINGTON _ If Canadians are hoping to be spared from American tariffs, they may be disappointed.A White House official told the U.S. Sunday talk shows that President Donald Trump has made up his mind: steel and aluminum tariffs will apply to everyo... read more

 Huffington Post52 days ago
Gig Economy Income Can Mean A Nasty Surprise At Tax Time. Here's What You Need To Know.

MONTREAL _ The growth of the gig economy is making it easier for Canadians to earn extra cash driving for Uber, renting out their homes on Airbnb or making crafts to sell on Etsy, but people new to the side-hustle game may be in for an eye opener whe... read more

 Huffington Post53 days ago
Vancouver Detached Home Sales Plunge Nearly 40% From A Year Ago

The market for detached homes in Vancouver has softened so much that it is "beginning to enter buyers' market territory," says the president of the region's real estate board.Sales of detached homes were down 39.4 per cent in February, compared to th... read more

 Huffington Post54 days ago
FBI Investigating Vancouver Trump Tower: Report

The FBI is investigating Ivanka Trump's business dealings, and has taken a particular interest in the Trump International Hotel and Tower in Vancouver, according to an exclusive report at CNN.The news network said the FBI is looking into the "negotia... read more

 Huffington Post54 days ago
Justin Trudeau Calls Donald Trump's Plans For Huge Steel, Aluminum Tariffs 'Unacceptable'

BARRIE, ONTARIO, Canada _ Prime Minister Justin Trudeau is calling Donald Trump's plans for whopping tariffs on steel and aluminum imports an "unacceptable'' move that will have "significant and serious'' economic ramifications on both sides of the C... read more

 Huffington Post54 days ago
High Debt Loads Or Not, Canadians Are Rocking This Mortgage Thing

House prices in many parts of Canada have been soaring for years. Mortgages are growing larger and the number of households with extreme levels of debt is multiplying rapidly.So you'd think that we would be seeing an increase in the number of househo... read more

 Huffington Post54 days ago
Bill Morneau Unaware Renaming Tory Tax Credit Erased Part Of Jim Flaherty’s Legacy

OTTAWA _ The finance minister says he had no idea a tax credit the government renamed in its budget this week essentially erased a piece of Jim Flaherty's legacy.In an interview with HuffPost Canada, Bill Morneau said the decision to rename the Worki... read more

 Huffington Post54 days ago
B.C. Bride Emily Liao Ordered To Pay Photographer Kitty Chan $115K After Destroying Business

VANCOUVER _ A British Columbia bride has been ordered to pay more than $100,000 to a wedding photographer for unleashing an online torrent of defamatory comments that eventually destroyed the business.The B.C. Supreme Court judgement says the attack ... read more

 Huffington Post54 days ago
George Weston, Loblaw Parent Company, Sees Profit Plunge Amid Price-FIxing Scandal

TORONTO _ George Weston Ltd.'s profit in the fourth quarter was cut by two-thirds as a result of special items including the cost of a $25 Loblaw Card program launched in compensation for the company's involvement in a price-fixing scheme.The Toronto... read more

 Huffington Post54 days ago
In Toronto’s Housing Market, The Party Really Is Over, Latest Data Shows

The once-unstoppable juggernaut that was Greater Toronto's housing market has slowed to a crawl, with preliminary data for February showing sales taking a deep dive and prices well off last year's highs.And any possible recovery is likely to be some ... read more

 Huffington Post54 days ago