EconomyLoop
where regional business news becomes global to everyone

Trudeau Suggests Trump’s Behaviour Is Why Canada Needs Chapter 19 In NAFTA

Prime Minister Justin Trudeau says the U.S. president's aversion to following rules is a key reason Canada can't budge on a dispute settlement provision in a revamped North American Free Trade Agreement.NAFTA's Chapter 19 allows companies who feel wr... read more

 Huffington Post16 days ago

     
NAFTA Talks: Canada, U.S. Fight It Out Over Super Bowl Ads

WASHINGTON _ While Donald Trump has waged a public war with defiant National Football League players, Canada's decision to allow the broadcast of glitzy American Super Bowl commercials has quietly festered at the NAFTA talks.The decision by Canada's ... read more

 Huffington Post16 days ago
Trans Mountain Expansion Would Be 'Dead' If Feds Didn't Buy Pipeline: Trudeau

OTTAWA _ The Trans Mountain pipeline expansion project would be "dead" if it were still in private hands,, Prime Minister Justin Trudeau said Wednesday.The prime minister made the remark during an Edmonton radio interview on 630 CHED ahead of a meeti... read more

 Huffington Post16 days ago
Marijuana Insurance Rules Unclear For Most Canadians: Survey

If you grow pot in your rented apartment and it damages the property, whose insurance will cover the damage?That's a question that both tenants and landlords alike don't know how to answer, according to a new survey from rate comparison site Ratehub.... read more

 Huffington Post16 days ago
Vancouver Real Estate Is Starting To Look Like A Disaster

Not long ago, it would have been hard to imagine a time when Vancouver's real estate market was so quiet you could hear the crickets chirp. Yet here we are.There's no papering over the latest bad news from the region's real estate board: Sales in Aug... read more

 Huffington Post16 days ago
Financial Security Survey Finds Nearly 1/2 Of Canadians Couldn't Handle Week's Delay In Pay

Canada's strong economy over the past year is doing little to help working Canadians out of their debt trap, according to a new study from the Canadian Payroll Association.In a poll carried out for the group this summer, 44 per cent of respondents sa... read more

 Huffington Post16 days ago
Canada's Labour Shortage Is The 'New Norm,' Will Last A Decade: Economist

TORONTO _ Canada's small and mid-sized companies must find ways to adapt to a "new norm" of worker shortages that will likely persist for a decade, says Pierre Cleroux, chief economist for the Business Development Bank of Canada."They represent about... read more

 Huffington Post16 days ago
Ontario Chamber Of Commerce Calls For Repeal Of Minimum Wage Bill

One of Ontario's most prominent business groups is calling on the government of Doug Ford to repeal the comprehensive labour law reforms passed by the previous Liberal government that saw the province's minimum wage hiked to $14 an hour.But the Ontar... read more

 Huffington Post17 days ago
The Gig Economy Is Hurting Millennials' Mental Health: Study

A new survey about millennial workers outlines the impact that the rise of precarious work is having on an entire generation, and it's not pretty."The Generation Effect: Millennials, employment precarity and the 21st century workplace" was conducted ... read more

 Huffington Post17 days ago
Canada Needs To Save Its Spot In NAFTA By Oct. 1, Experts Say

WASHINGTON _ Canada is facing a fresh deadline to land a trade deal with the United States and save its place in the North American Free Trade Agreement.Trade experts say Canada and the U.S. need to present a text to the U.S. Congress by Oct. 1 in or... read more

 Huffington Post17 days ago
Swimply, An Airbnb For Pools, Will Launch In Toronto This Week

It used to be when you wanted to take a swim in your neighbour's pool you'd loiter by their fence, towel draped over your shoulder, trying to appear hot and sticky but not desperate.If they came outside, you might casually throw out a, "Gee, isn't it... read more

 Huffington Post17 days ago
Tim Hortons Parent Company Seizes Ownership Of 4 Locations From Outspoken Franchisee

The parent company of Tim Hortons seized ownership of four locations from a restaurant owner heading an unsanctioned franchisee group after he allegedly leaked sensitive corporate news to the media.Restaurant Brands International says David Hughes, p... read more

 Huffington Post17 days ago
Canadian Real Estate Business Risks Stagnating In The Data Stone Age

The Competition Bureau's recent victory over the Toronto Real Estate Board (TREB) was supposed to be a seminal moment for Canadian homebuyers.In deciding not to hear TREB's appeal of a lower court ruling, the Supreme Court in effect sided with the Co... read more

 Huffington Post17 days ago
Make Robots Pay Taxes And Other Labour Force Changes, Feds Urged

OTTAWA _ The Liberals have been told to consider taxing robots that displace workers, letting people pay their tax bill in kind rather than with cash, and work to prevent income inequality before it happens.The ideas are part of a massive government ... read more

 Huffington Post17 days ago
When Does Ontario Basic Income End? Participants To Receive Last Payments In March 2019

TORONTO _ Thousands of people participating in Ontario's basic income pilot will receive their last payment on March 31, 2019, the province says, but an anti-poverty activist says the six-month wind down will still hurt many who were depending on the... read more

 Huffington Post17 days ago
Ontario Basic Income Pilot Made This Mom's Dream Of Going Back To School Come True

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 Huffington Post18 days ago
Basic Income Could Prove To Be The Ultimate Back-To-School Tool

Sherry Mendowegan feels very lucky that she already paid her tuition and bought books for the upcoming school year.The mother-of-two in Thunder Bay was using money from Ontario's basic income pilot project to help cover the costs of going back to sch... read more

 Huffington Post18 days ago
Fight For A Living Wage This Labour Day

The idea that workers should be paid a living wage is not a new one, emerging with the rapid expansion of industrial capitalism in the late 19th century. The concept was taken up by early trade unionists as a principle to guide wage bargaining with e... read more

 Huffington Post19 days ago
Trans Mountain Pipeline Expansion Could Be Delayed For Years After Court Ruling: Experts

VANCOUVER _ The Federal Court of Appeal's decision to quash Ottawa's approval of the Trans Mountain pipeline expansion is likely to delay the project for years, legal and political observers say.The ruling means the National Energy Board must conside... read more

 Huffington Post21 days ago
Canada, U.S. Won't Meet Trump's Deadline For NAFTA Deal, Talks To Resume Next Week

WASHINGTON _ U.S. president Donald Trump has notified Congress that his administration intends to sign a trade agreement in 90 days with Mexico and Canada _ if Ottawa decides to join in.The message was sent after NAFTA talks with Ottawa failed to pro... read more

 Huffington Post21 days ago
Ontario Extends Rebate To Tesla Buyers After Losing Court Case

TORONTO _ Ontario will include Tesla buyers in the wind-down of its electric vehicle rebate program after a court ruled the government was wrong to exclude cars sold through the automaker's dealerships.Transportation Minister John Yakabuski says the ... read more

 Huffington Post21 days ago
A Major Recession Indicator Suggests Canada’s Economy Risks Hitting ‘Brick Wall’

The Canadian economy has been on a hot streak recently, but a closely-watched indicator of tough times suggests the country may be in for an economic slowdown within the next two years.The indicator that's flashing red is called the "yield curve," an... read more

 Huffington Post21 days ago
Chrystia Freeland Keeps Cool After Trump’s Blunt NAFTA Views Reportedly Leak

WASHINGTON _ With a Friday deadline looming, Foreign Affairs Minister Chrystia Freeland is donning her best poker face as U.S. President Donald Trump's blunt assessment of the NAFTA talks _ spoken in confidence but leaked to the media _ lands with a ... read more

 Huffington Post21 days ago
Why NAFTA Negotiations Have Been Dragging On For Canada And U.S.

OTTAWA _ Canadian and U.S. officials are up against time in their rocky attempts to renegotiate the North American Free Trade Agreement.To get to the finish line, there are a number of obstacles to move out of the way.Dispute settlementNAFTA contains... read more

 Huffington Post21 days ago
Toronto Real Estate: 1 In 4 Homes For Sale Are Sitting Empty

Sarah Niedoba, LivablToronto's pricey housing market is often blamed on a lack of supply amid record demand. And according to one expert, that supply is often different than what buyers might expect.Curious about what seemed to be a trend of vacant p... read more

 Huffington Post21 days ago
CRTC Backtracks On Move To Cut Canadian Programming Requirements

TORONTO _ Canadian entertainment associations are applauding the reversal of a decision that would have decreased the amount private-sector television groups are required to spend on Canadian programming.The Canadian Radio-television and Telecommunic... read more

 Huffington Post22 days ago
Andrew Scheer Defends Conservatives’ Sudden Attacks Against Liberals On NAFTA Talks

OTTAWA _ Conservative Leader Andrew Scheer defended his party's suddenly sharp criticism of the Liberal government's performance on the North American Free Trade Agreement, saying the Tories want a deal with the United States as much as anyone.Canada... read more

 Huffington Post22 days ago
3 Things In The U.S.-Mexico Trade Deal That Canada Has Fought Against

Canadian and U.S. officials are optimistic that Canada will be able to negotiate its way into the U.S.-Mexico trade agreement announced last weekend, but the going may prove harder than some think.One one side, there is U.S. President Donald Trump, w... read more

 Huffington Post22 days ago
Buck-A-Beer Comes To A Rapid End At Loblaws

Well, that was fast.Loblaw Co. says its buck-a-beer promotion in Ontario is already coming to an end _ and in some places it has ended already.The retailer announced last week it would be offering some of its President's Choice brand beers for one do... read more

 Huffington Post22 days ago
Trans Mountain Pipeline Approvals Quashed By Federal Court

The National Energy Board's approval of the Trans Mountain pipeline expansion project has been overturned.Canada failed to consult Indigenous groups in a meaningful way, the Federal Court of Appeal ruled Thursday.The decision is likely to be appealed... read more

 Huffington Post22 days ago
Catherine McKenna: Provinces Forfeit Share Of $2B Fund By Rejecting Feds' Climate Plan

OTTAWA _ Provinces that don't get on board with the federal Liberals' plan to deal with climate change, including putting a price on pollution, will forfeit their share of a $2-billion federal fund, Environment Minister Catherine McKenna says.Federal... read more

 Huffington Post22 days ago
Facebook, Instagram Volunteer To Collect Taxes On Ad Sales In Canada

TORONTO _ Facebook and Instagram will charge the goods and services tax on online advertisements purchased through their Canadian operations, but other technology giants said they aren't ready to follow suit just yet.The U.S.-based social media netwo... read more

 Huffington Post23 days ago
Trudeau Says 'No NAFTA Deal Is Better Than A Bad NAFTA Deal'

WASHINGTON _ Prime Minister Justin Trudeau is signalling that Canada won't be rushed into a bad deal just to meet Donald Trump's Friday deadline for preserving the North American Free Trade Agreement."We recognize there is a possibility of getting th... read more

 Huffington Post23 days ago
Canadians Split Over Caving To Trump On Supply Management, Poll Finds

Canadians are divided about the future of the country's supply-managed dairy and poultry system in the face of Donald Trump's demands for concessions, a new poll released Wednesday suggests.As all three major federal parties push to protect supply ma... read more

 Huffington Post23 days ago
Town Shoes Stores In Canada To Close Forever As DSW Inc. Shutters Brand

DSW Inc. says it will shutter its Town Shoes Ltd. brand and close all of its stores.The Ohio-based shoe retailer says increasing competition in the footwear market and "significant" operating losses are to blame.The company plans to close the 38 Town... read more

 Huffington Post23 days ago
Air Canada Privacy Breach May Have Affected Up To 20,000 App Users

MONTREAL _ Air Canada says 20,000 customers may have had their personal information improperly accessed due to a breach in its mobile app, prompting a lock-down on all 1.7 million accounts until consumers change their passwords.The airline says it de... read more

 Huffington Post23 days ago
Excluding Canada From U.S.-Mexico Trade Deal Might Not Be Legal: Experts

OTTAWA _ Donald Trump's administration is giving Canada until Friday to sign onto a bilateral trade deal between the U.S. and Mexico or be treated as "a real outsider" against whom punishing tariffs on autos will be imposed.But trade experts are dism... read more

 Huffington Post23 days ago
David Pecker, Trump Insider And Head Of National Enquirer, Resigns From Postmedia Board

Donald Trump insider David Pecker is stepping down from the board of Canadian media giant Postmedia Network Canada Corp.The company that owns several of Canada's biggest daily newspapers says Pecker tendered his resignation so that he can better focu... read more

 Huffington Post23 days ago
Trudeau Touts NAFTA ‘Progress’ While Trump Threatens Auto Tariffs

LONGUEUIL, Que. _ Prime Minister Justin Trudeau says he has been encouraged by what he calls the progress made by Canada's NAFTA partners, especially on automobiles."This was an important step to moving forward on renegotiating and improving NAFTA," ... read more

 Huffington Post24 days ago
Vancouver Homeowners Want Prices To Drop: Angus Reid Institute Poll

More than two in three Metro Vancouver residents want to see housing prices fall, and some of them are people who actually own homes, according to a new poll from the Angus Reid Institute.Greater Vancouver's housing market has been ranked North Ameri... read more

 Huffington Post24 days ago
Basic Income Recipients Will Sue Ontario Over Cancellation

Participants in Ontario's short-lived basic income experiment will sue the provincial government.Lawyer Mike Perry filed the notice of action in a Lindsay, Ont. courthouse on Monday."No one likes to sue," Perry said in a press release. "Legal actions... read more

 Huffington Post24 days ago
Canada’s Best Places To Work, According To Indeed

The chain that owns landmark Canadian hotels like the Chateau Frontenac and the Banff Springs has been ranked Canada's best place to work, in a new survey from job site Indeed.Fairmont Hotels and Resorts came out on top in a survey that ranked employ... read more

 Huffington Post24 days ago
Seafood Fraud In Canada: Study Finds Nearly Half Of Sampled Products Mislabelled

A new study found nearly half of seafood samples it tested in Canadian grocery stores and restaurants were mislabelled.The report conducted by advocacy group Oceana Canada found 44 per cent of 382 seafood samples tested from five Canadian cities did ... read more

 Huffington Post24 days ago
Checked Bag Fees At Air Canada, WestJet Rise In Tandem

MONTREAL _ Many Canadians will be forced to spend a little more to travel after Air Canada and WestJet Airlines Ltd. said they are increasing fees for passengers to check their bags.The country's two largest airlines are raising the fee for the first... read more

 Huffington Post24 days ago
Tesla Treated Unfairly In Ontario Rebate Program Dispute, Judge Rules

TORONTO _ An Ontario court has ruled in favour of the Canadian arm of Tesla Inc. in its petition that it had been treated unfairly in the provincial government's cancellation of an electric vehicle rebate program.Ontario Superior Court judge Frederic... read more

 Huffington Post24 days ago
U.S., Mexico Reach Trade 'Understanding' That Could Lead To NAFTA Overhaul

OTTAWA _ Donald Trump said Monday that the United States and Mexico have reached a bilateral trade "understanding'' that could lead to an overhaul _ or perhaps the termination _ of the three-country North American Free Trade Agreement.The U.S. presid... read more

 Huffington Post25 days ago
Most GTA Renters Might Leave Due To High Housing Costs: Poll

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 Huffington Post25 days ago
World's Most Reputable Cities: Canada's Metros Rank Well Above U.S.

Among Canadian cities, Toronto and Vancouver have stolen the international spotlight in recent times, but a new survey finds Montreal is Canada's most reputable city _ at least this year.According to the Reputation Institute, a management services fi... read more

 Huffington Post26 days ago
Burned Down House Listed On Market In Vancouver For $4M

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 Huffington Post27 days ago
Climate Change Is Already Sinking Home Values, Study Shows

Climate experts have warned for some time that flooding caused by rising sea levels could wreak havoc with local economies, but new research suggests this is already happening _ and in Canada, it's homeowners in Greater Vancouver who stand to lose th... read more

 Huffington Post27 days ago