EconomyLoop
where regional business news becomes global to everyone

Canadian Dollar Headed For A Tubmle As Economy Weakens, Analysts Predict

If you've got shopping you were planning to do abroad, now may be a better time than later.A growing number of analysts are predicting that the Canadian dollar will take a dive this year, pushed downwards by a weaker-than-expected economy, with one e... read more

 Huffington Post53 minutes ago

     
Federal Budget 2019: 5 Things To Watch For In The Liberals' Last Fiscal Plan Before The Election

OTTAWA _ Finance Minister Bill Morneau will release the Trudeau government's final budget of its mandate Tuesday, just seven months before the next federal election.Here are some things to watch for:1) A boost to skills trainingThe government says it... read more

 Huffington Post7 hours ago
Equalization Payments In Quebec Aren't To Blame For Low Productivity: Expert

MONTREAL _ Despite low unemployment and a strong economy, Quebec continues to have problems generating wealth and its citizens have less money to save and spend compared with Canadians in every other province, says a new report by Universite de Montr... read more

 Huffington Post15 hours ago
Facebook Announces Changes To Advertising To Meet New Rules In Bill C-76

OTTAWA _ Facebook is launching a new advertisement library that will capture detailed information about political ads targeted at voters in Canada, including who pays for them and whom they target.The move is part of the social-media giant's response... read more

 Huffington PostYesterday
Federal Budget Expected To Include Changes To Improve Housing Affordability

OTTAWA _ The Trudeau government will take steps in Tuesday's federal budget to make home-buying more affordable with changes affecting supply, demand and regulation, The Canadian Press has learned.Finance Minister Bill Morneau has promised the budget... read more

 Huffington PostYesterday
What Women, In Particular, Should Know At Tax-Filing Time

The traditional, permanent full-time job is dying a slow death in Canada, and precarious work in the new "gig economy" is taking its place. This story is part of Precariously Taxed, a HuffPost Canada series that looks at how gig economy and contract ... read more

 Huffington Post2 days ago
Housing Affordability Poll Finds Canadians Have Little Faith Government Can Solve The Problem

The real estate industry is waiting with bated breath to see whether the federal budget landing Tuesday will offer any good news for first-time homebuyers struggling with historically bad housing affordability in Canada.It seems a good bet the pre-el... read more

 Huffington Post2 days ago
Total Debt Worldwide Hits US$240 Trillion, And The Bank Of Canada Is Worried

OTTAWA _ The Bank of Canada's senior deputy governor says an explosion of global debt over the last decade is a top concern that she argues is holding back economic growth and creating vulnerabilities in the world's financial system.The global financ... read more

 Huffington Post4 days ago
Air Canada Passengers Can't Get Through To Airline As 737 Max Grounding Causes Disruptions

MONTREAL _ Canada's largest airline was overwhelmed with calls as travellers scrambled to rebook flights after Ottawa joined dozens of countries in grounding the Boeing 737 Max 8 aircraft Wednesday.Calls to Air Canada's customer service line Wednesda... read more

 Huffington Post4 days ago
A First-Time Homebuyer's Guide To Avoiding The House-Poor Trap

Life likes to deal us surprises from time to time _ a job loss, a chronic illness, an unfortunate fender bender. As a homeowner, any one of these sudden changes can throw you off your game, financially speaking, but if you're house poor, even a minor... read more

 Huffington Post5 days ago
Canadians' Net Worth Slides Amid Falling Stocks, Historic Drop In Real Estate

Canadian households got a little poorer in the fourth quarter of 2018, thanks to falling stock prices and the first annual drop in the value of real estate in records going back to 1990, Statistics Canada said Thursday.Household net worth dropped 2.8... read more

 Huffington Post5 days ago
Netflix Removing Lac-Megantic Footage In 'Bird Box'

OTTAWA _ After initially refusing, Netflix has agreed to remove images of the 2013 Lac-Megantic disaster from its blockbuster film, "Bird Box.""Netflix and the filmmakers of 'Bird Box' have decided to replace the clip," a spokesman for the streaming ... read more

 Huffington Post5 days ago
5 Things Canadians Should Know About Boeing's 737 Max 8 Woes

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 Huffington Post5 days ago
Montreal Is Canada's Last Major Housing Market Seeing Price Growth

Canada's urban housing markets are deflating under the weight of higher interest rates and a mortgage stress test, with just two major metro areas _ Halifax and Montreal _ showing any price growth in February.And only one of those _ Montreal _ has se... read more

 Huffington Post6 days ago
Canada Bans Boeing 737 MAX Models From Airspace

OTTAWA _ Transport Minister Marc Garneau is grounding all Boeing 737 Max 8 airplanes in Canada over safety concerns arising from the crash of an Ethiopian Airlines flight that killed all on board, including 18 Canadians.In a news conference in Ottawa... read more

 Huffington Post6 days ago
Marc Garneau Says Feds Evaluating Situation As U.K., Other Countries Ground 737 MAX 8 Planes

MONTREAL _ Transport Minister Marc Garneau has cleared his schedule for the day in order to meet with his civil aviation expert panel on how to deal with the issue of Boeing's 737 Max 8 aircraft, which is being grounded or banned from a growing numbe... read more

 Huffington Post6 days ago
Risk Of A Canadian Debt Crisis Has Come Down. A Lot.

Has Canada's economy dodged a bullet?The measures policymakers have put in place to cool down household borrowing appear to have had at least one positive effect: The risk of a debt crisis in Canada has come down significantly over the past year.The ... read more

 Huffington Post7 days ago
OECD 'Concerned' By Accusations Trudeau Meddled In SNC-Lavalin Case

OTTAWA _ The international economic group that oversees a global anti-bribery convention says it's monitoring the allegations that Prime Minister Justin Trudeau interfered in a criminal prosecution against SNC-Lavalin.The Organization for Economic Co... read more

 Huffington Post8 days ago
SNC-Lavalin's Long And Dramatic History Of Corruption Allegations

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 Huffington Post9 days ago
Canada's Housing Market Is Breaking Some Alarming Records Right Now

It's quiet out there. Maybe too quiet.Canada's residential real estate market has slowed considerably over the past year, a fact the industry chalks up to a tough new mortgage stress test and rising interest rates.This is having an impact on the broa... read more

 Huffington Post9 days ago
Federal Court Tosses Out SNC-Lavalin's Bid For Remediation Agreement

OTTAWA _ SNC-Lavalin has a lost a court bid to have the public prosecutor overturn its refusal to negotiate an agreement that would see the company avoid a criminal trial.In a ruling today, the Federal Court of Canada tossed out the Montreal-based en... read more

 Huffington Post11 days ago
Canada's Job Market Just Had Its Best Start To A Year Since 1981

OTTAWA _ The labour market generated a second straight month of strong job gains in February with the creation of 55,900 net new positions, all of which were full time.The latest jobs report by Statistics Canada says the unemployment rate held firm l... read more

 Huffington Post11 days ago
What I Wear To Work Isn't An Invitation For Harassment

At 19, a married 42-year-old man with children slipped me a hotel-room key.At 21, a married 35-year-old man told me that my dress looked good, but would look even better on the floor.At 25, another man repeatedly told me how much fun it would be if w... read more

 Huffington Post11 days ago
Businesses Are Responding To Growing Trend Of Canadians Living Alone

TORONTO _ One of the fastest-growing demographics in Canada and around the world has long been ignored by mainstream businesses and politicians, but that may be about to change."Society is geared towards families," says Jean-Pierre Bissonnette, a 52-... read more

 Huffington Post11 days ago
Canada’s System Of Tax Breaks Helps Men Far More Than Women: Study

The federal government's system of tax benefits and deductions reinforces and even worsens gender inequality, with men taking 62 cents of every dollar the government spends on tax breaks, a new study argues.But the study shows that much of the inequi... read more

 Huffington Post12 days ago
SNC-Lavalin Urged Liberals For 'Zero Debarment' From Federal Contracts

OTTAWA _ SNC-Lavalin, facing a 10-year ban from federal business over corruption charges, urged the Liberal government in 2017 to water down the penalty scheme for corporate misconduct to the point a guilty company could completely dodge a ban on rec... read more

 Huffington Post12 days ago
45 Canadians Made It Onto The Forbes Billionaire List

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 Huffington Post12 days ago
Air Canada Pilot Buys 23 Pizzas For Passengers Stranded On Tarmac

A plane captain stuck on the tarmac in Fredericton made life a little more bearable for his passengers captive in their seats Monday.Air Canada Flight 608 took off from Toronto and was bound for Halifax but was unable to land due to bad weather and w... read more

 Huffington Post12 days ago
Canadian Housing Market This Bad Normally Means Recession: BMO

MONTREAL _ Usually, when Canada's housing market is this badly in the dumps, the country is in a recession, according to a research note from the Bank of Montreal.Canada's economy ground to a near-halt at the end of 2018, according to data from Stati... read more

 Huffington Post12 days ago
Regulations Are Needed After Crypto CEO Takes Passwords To His Grave

By Lisa Kramer, University of TorontoA high-stakes legal drama featuring cryptocurrencies has been unfolding in a Canadian court recently.The antics that led to the litigation almost defy credulity, and they highlight the need for new regulations to ... read more

 Huffington Post13 days ago
Bank Of Canada Talks About 'Uncertainty' Over Interest Rates, Prompting A Dive In The Loonie

OTTAWA _ The Bank of Canada left its key interest rate unchanged Wednesday and pointed to "increased uncertainty" about the timing of future rate hikes following the economy's abrupt deceleration in late 2018.The Canadian dollar swooned on the news, ... read more

 Huffington Post13 days ago
SNC-Lavalin CEO Neil Bruce Urged Federal Cabinet To Change Corruption Laws 'Expeditiously'

OTTAWA _ The head of SNC-Lavalin told the Canadian government it had to change its anti-corruption rules "as expeditiously as possible" in a 2017 letter to the minister in charge of procurement, just as her department was helping oversee public consu... read more

 Huffington Post13 days ago
Canadian Debt Delinquency On The Rise: 'The Worm Is Turning' For Borrowers, Equifax Warns

TORONTO _ Equifax Canada says consumer delinquencies climbed higher in the fourth quarter of 2018 and the credit monitoring company warns that rising delinquency rates are likely to become the norm this year.It says the 90-day mortgage delinquency ra... read more

 Huffington Post13 days ago
Google Maps Adding Photo Radar Warnings For Drivers

EDMONTON _ Drivers using Google Maps are getting a last-minute warning as they approach some photo radar camera locations.The feature, which is currently being rolled out by Google, allows users to see speed limits, speed cameras and mobile speed cam... read more

 Huffington Post13 days ago
Canadian Wealth Increasingly In The Hands Of Women, CIBC Says

Women have made serious headway in Canada's workforce over the past decade, so much so that in households with a working woman, they now contribute nearly as much as men, according to a new survey from banking giant CIBC.The survey concludes that the... read more

 Huffington Post14 days ago
Vancouver House Prices Continue Sliding As Supply Keeps Rising

VANCOUVER _ The local real estate board says the benchmark price of a detached home in Metro Vancouver fell nearly 10 per cent year over year as more sellers listed properties, but house hunters continued to take their time in February.The Real Estat... read more

 Huffington Post15 days ago
Andrea Horwath Says Ontario's Gender Wage Gap Consultation Is Insulting To Women

TORONTO _ Ontario is gathering feedback on legislation aimed at eliminating the gender wage gap, including asking businesses how onerous pay transparency reporting would be.The Progressive Conservative government paused implementation last year of a ... read more

 Huffington Post15 days ago
Ontario Basic Income Pilot Improved Participants’ Health, Happiness, Employment Prospects: Survey

Ontario's basic income pilot project was "an angel in disguise" for people who could afford dental work for the first time in years, buy their prescription medications and pay for transportation to and from work, according to a new survey."I was able... read more

 Huffington Post15 days ago
Huawei Exec Meng Wanzhou Sues Federal Government, RCMP, Canadian Border Services Agency

VANCOUVER _ The defence team for Huawei executive Meng Wanzhou has filed a notice of civil claim alleging "serious violations" of her constitutional rights.The suit filed with the B.C. Supreme Court on Friday is against members of the Canadian Border... read more

 Huffington Post15 days ago
Canadian Rental Rates Rise At Fastest Pace In 30 Years

If you've been paying the bills in your household, you've probably noticed that some things have fallen in price (gas), and some things have been largely stable (shoes and clothing, for instance).But if you've been shopping around for an apartment to... read more

 Huffington Post16 days ago
What To Know About Taxes If You're A Contractor Or A Freelancer

The traditional, permanent full-time job is dying a slow death in Canada, and precarious work in the new "gig economy" is taking its place. This story is part of Precariously Taxed, a HuffPost Canada series that looks at how gig economy and contract ... read more

 Huffington Post17 days ago
CMHC Aims For Affordable Housing For Every Canadian By 2030

OTTAWA _ A federal housing agency hopes to see every Canadian with an affordable home by 2030 and has offered up a plan full of experiments to make it happen.The Canada Mortgage and Housing Corp. said Friday that meeting that target will take help fr... read more

 Huffington Post17 days ago
Imperial Tobacco, JTI-Macdonald And Rothmans-Benson & Hedges Ordered To Pay Smokers Who Couldn't Quit: Quebec Court

MONTREAL _ The Quebec Court of Appeal has upheld a landmark judgment that ordered three tobacco companies to pay billions of dollars in damages to Quebec smokers.Imperial Tobacco, JTI-Macdonald and Rothmans-Benson & Hedges had appealed a ruling that ... read more

 Huffington Post17 days ago
The Gap Store Closures To Hit Canada

TORONTO _ The parent company of retailer Gap says it will close some stores in Canada as part of a global plan to shutter almost half of the brand's locations over the next two years.Gap Inc. is refusing to tell The Canadian Press exactly how many of... read more

 Huffington Post17 days ago
Meng Wanzhou's Extradition Case Approved By Federal Government

OTTAWA _ The federal Justice Department is giving the go-ahead for an extradition case to proceed against Huawei executive Meng Wanzhou, who is wanted in the United States on fraud allegations.The decision is a formality and allows a judge to hear ar... read more

 Huffington Post17 days ago
'Technical' Recession Possible In Canada After Disappointing Economic Data: TD Bank

Canada's economy put in a much weaker performance at the end of 2018 than the experts had been expecting, and it's not just the slowdown in the oil patch. The country's fizzling housing market and tapped-out consumers are beginning to take a toll as ... read more

 Huffington Post18 days ago
You've Retired. So, How Will You Spend All That Free Time?

"Can you believe it, honey? Friday's my last day at work! Time sure flies. I can't wait to start spending all of our free time together!"Did this thought warm your heart, or get your pulse racing in panic? That probably depends on whether you've give... read more

 Huffington Post18 days ago
Maple Leaf Foods Sees A Successful Future In Plant-Based Proteins

Maple Leaf Foods Inc. called 2018 a challenging year with essentially flat sales, but one that sets it up for a successful future as it touted itself as a leader in plant-protein products.Global trading relationships created unprecedented volatility ... read more

 Huffington Post18 days ago
Victoria's Secret To Shut 3 Canadian Stores As Chain Reorganizes

TORONTO _ Three Victoria's Secret stores in Canada are expected to close this year as parent company L Brands looks to improve on its financial performance.A spokesperson for the U.S.-based lingerie brand's parent company declined to tell The Canadia... read more

 Huffington Post18 days ago
New Beyond Meat Products Are Coming To Canadian Chains

Finally, some good news for vegans who want to eat food that doesn't taste like cardboard! Beyond Meat, the L.A.-based company that makes the vegan alternative behind A&W's ultra-popular meatless burger, is bringing two new options to the Canadian ma... read more

 Huffington Post18 days ago