EconomyLoop
where regional business news becomes global to everyone

Feds Trigger NAFTA Measures Over Softwood Lumber, Bombardier Disputes

OTTAWA _ The federal government has filed requests for panel reviews under NAFTA Chapter 19 to appeal final U.S. decisions to impose duties on imports of Bombardier C Series aircraft and softwood lumber from Canada.The notices follow the U.S. Departm... read more

 Huffington PostYesterday

     
Alberta Inspectors Clear Burger King Of Labour Code Violations

LETHBRIDGE, Alta. _ Alberta Labour says it found no violations at a Lethbridge Burger King where an earlier public health inspection found evidence of foreign workers sleeping in the restaurant.Last week, Alberta Health Services ordered the franchise... read more

 Huffington PostYesterday
Bitcoin CRA Scam Warning Issued By B.C. Police After North Vancouver Man Falls For It

Canada Revenue Agency scammers are getting creative.Police in North Vancouver are warning the public to only pay their taxes in, er, normal money after a resident was swindled into sending $3000 to a fraudster via a Bitcoin terminal.They say the vict... read more

 Huffington PostYesterday
Be Honest With Yourself Before Attempting To Change Careers

Whether you have been working in one profession or business for a short time or for many years, it may be time to try something else. Even if things are going well and you are basically content, perhaps something is telling you that you've reached a ... read more

 Huffington PostYesterday
Duty-Free Allowance Increase Could Cost Canada Billions: Study

CALGARY _ A new study commissioned by the Retail Council of Canada says an increase in the duty-free allowance for cross-border shopping would lead to hundreds of thousands of job losses and cut billions of dollars from the Canadian economy.The PwC s... read more

 Huffington PostYesterday
U.S. Tax Changes Could Be Worse For Canada Than NAFTA Pullout: Biz Groups

OTTAWA _ Business associations are warning that substantial tax changes in the U.S. could end up inflicting more damage on the Canadian economy than the possible termination of the North American Free Trade Agreement.Two of the country's biggest busi... read more

 Huffington PostYesterday
How To Choose And Work With A Mentor

No matter where you are in your career, you want a role that's fulfilling, and hopefully you also want to be inspired and challenged (most of us do). You also want to work for a company that eagerly supports your professional development.How do you f... read more

 Huffington PostYesterday
Shoppers Drug Mart Signs 3rd Marijuana Supply Deal With Tilray Canada

TORONTO _ Licensed marijuana producer Tilray Canada Ltd. has signed a deal to become a medical cannabis supplier to Shoppers Drug Mart.Subject to Health Canada's approval of Shoppers Drug Mart's application to dispense medical marijuana, Tilray will ... read more

 Huffington PostYesterday
Canadians Cities React To Losing Out On New Amazon Headquarters

TORONTO _ Amazon waded through 238 bids that included promises of hefty tax breaks and canoeing to work to narrow down a short list of some 20 candidates, including just one Canadian city _ Toronto. Here's a look at what some of the other cities who ... read more

 Huffington Post2 days ago
Scientists Have Figured Out How Fracking Causes Earthquakes In Alberta

EDMONTON _ Scientists have figured out how hydraulic fracking causes earthquakes in northern Alberta, but they have a way to go before they can use that knowledge to predict if it will cause temblors in other areas."Right now, there isn't a good solu... read more

 Huffington Post2 days ago
What You Can Do About The Massive Chip Security Flaw That Puts Many Devices At Risk

On Jan. 3, 2018, Intel announced that most of its chip processors that run the world's computers, tablets and smartphones have a feature that makes them susceptible to hacker attacks. The flaw also affects internet browsers and cloud computing servic... read more

 Huffington Post2 days ago
Innovation Minister Navdeep Bains Calls 'Bullshit' On Corporate Excuses For Not Promoting Diversity

Canada's innovation minister has a blunt message for corporations claiming they don't have the talent to create diverse leadership teams."That's a bunch of bullshit," Navdeep Bains told students at the University of Windsor Wednesday.In a clip from C... read more

 Huffington Post2 days ago
The Rules Of Economics Aren't Based On Reality

On January 8, Ontario Minister of Labour Charles Sousa was taking questions from the press at Queens park around the new Ontario Minimum wage, which has risen to $14 an hour.Throughout the interview, Sousa mentioned, at least twice, the curious case ... read more

 Huffington Post2 days ago
5 Tips For More Cost-Effective Giving This Year

At this time of year, many of us are making New Year resolutions. The most common resolution is "giving." The tough questions are: Who do you want to give to? Through what channel? How often do you want to give? What is the best way to give?Rather th... read more

 Huffington Post2 days ago
Toronto Makes Shortlist Of Candidates For Amazon's 2nd Headquarters

Toronto is the only Canadian city on Amazon Inc.'s short list of 20 candidates for a second North American headquarters.The e-commerce giant received 238 applications for the opportunity and says narrowing it down to 20 was very tough.The other 19 lo... read more

 Huffington Post2 days ago
Unifor Votes To Leave Canadian Labour Congress Over Workers' Right To Choose Union

The largest private sector union in Canada said Wednesday it is splitting with the Canadian Labour Congress over issues which include disagreements about the rights of workers to choose what union should represent them.In a notice posted on its websi... read more

 Huffington Post2 days ago
Foreign Workers Sleeping In Basement Of Alberta Burger King, Health Service Says

LETHBRIDGE, Alta. _ Alberta Health Services has issued a health order to a Burger King franchise because inspectors found foreign workers were sleeping in the basement of the Lethbridge restaurant.The order, dated Jan. 10, said the inspection found e... read more

 Huffington Post3 days ago
Loblaws Accused Of Using Barbados Bank Subsidiary For Tax Avoidance

TORONTO _ Loblaw Companies Ltd. and the Canada Revenue Agency faced off in a Toronto court today, the latest in an ongoing battle involving allegations that the grocery giant's Barbadian banking subsidiary was misused for tax avoidance.The case invol... read more

 Huffington Post3 days ago
Sears Canada Paid Hundreds Of Millions In Dividends As Pension Fund Suffered

TORONTO _ The court appointed monitor for Sears Canada's insolvency says it is reviewing millions of dollars the company paid in dividends while its pension fund fell short.FTI Consulting Canada Inc. filed a report Monday with the Ontario Superior Co... read more

 Huffington Post3 days ago
Women-In-Business Group Created By Trudeau, Ivanka Trump Shares 1st Report

WASHINGTON _ A Canada-U.S. women-in-business group created by Prime Minister Justin Trudeau and Ivanka Trump released its first set of recommendations Wednesday, proposing more affordable child care and a new binational procurement initiative.It's th... read more

 Huffington Post3 days ago
Here's How The Bank Of Canada Interest Rate Hike Affects You

... read more

 Huffington Post3 days ago
Prince Harry And Meghan Markle Wedding Worth An Estimated $850 Million: Estimate

LONDON (Reuters) _ Prince Harry's wedding to American actress Meghan Markle could provide a 500 million pound (C$850 million) boost to Britain's economy as tourists flock to the country and Britons celebrate, according to an estimate.Harry, Queen Eli... read more

 Huffington Post3 days ago
B.C. Premier John Horgan Says He Won't Ban Foreign Buyers

VICTORIA _ Premier John Horgan says he has plans to tone down speculation in British Columbia's real estate market but they don't include banning foreign buyers.Horgan said Tuesday he rejects recent calls by Green party Leader Andrew Weaver to implem... read more

 Huffington Post3 days ago
Trudeau Suggests Trump's NAFTA Threats Should Be Taken With Grain Of Salt

OTTAWA _ Justin Trudeau remains optimistic that Canada, the United States and Mexico can strike a deal to modernize NAFTA that benefits all three countries.In an interview this week with The Canadian Press, the prime minister said he still believes t... read more

 Huffington Post3 days ago
Quebec To Raise Minimum Wage To $12 on May 1

MONTREAL _ Quebec will raise the province's minimum wage to $12 an hour as of May 1.The 75-cent increase from the the current rate of $11.25 was confirmed today by Labour Minister Dominique Vien and is the largest hike in Quebec history.Vien says in ... read more

 Huffington Post3 days ago
Bank Of Canada Raises Interest Rate To Highest Level In 9 Years

Things are going to be a little harder for borrowers in Canada going forward.The Bank of Canada hiked its key lending rate to 1.25 per cent on Wednesday morning, raising it to its highest level since 2009.The move confirms what many experts and analy... read more

 Huffington Post3 days ago
Apple Supplier Catcher Technology Co. Denies Charges Of Unsafe, Unclean Working Conditions

SHANGHAI _ An Apple Inc. supplier in eastern China has denied allegations by a New York rights group that its workers toil for ten-hour shifts in loud, polluted conditions, without proper overtime pay or adequate safety protections to make MacBook an... read more

 Huffington Post3 days ago
Rex Tillerson Calls Out Russia, China For Helping North Korea At Vancouver Summit

VANCOUVER _ North Korea may have been the main target, but China and Russia were also in the crosshairs Tuesday as Canada huddled with some of its closest partners to discuss how best to put an end to Pyongyang's nuclear aspirations.The main complain... read more

 Huffington Post4 days ago
Toronto Rental Rates Now Exceed Vancouver's, As Housing Shortage Persists

In a sign that Canada's largest city continues to grapple with a housing shortage, rents in Toronto have now climbed above those of Vancouver, the long-running (and now former) champion of pricey apartments in Canada.A one-bedroom apartment in Toront... read more

 Huffington Post4 days ago
Ontario Minimum Wage: Two-Thirds Of Voters Support Hike, Forum Research Poll Shows

A majority of Ontario voters are in favour of the province's recent minimum wage increase, but opinion is split on its effect on the economy.A Forum Research poll showed 62 per cent of Ontario voters said they approve of the provincial government inc... read more

 Huffington Post4 days ago
Your House Price Vs. The Markets: Which One Did Better In 2017?

Sorry, Toronto homeowners, but chances are you didn't beat the markets on your house this year. In fact, a nice stock or bond portfolio would have given you better returns over the past year than Toronto real estate.Not so for residents of Vancouver,... read more

 Huffington Post4 days ago
How To Keep Personal Data Safe When Companies Can't (Or Won't)

Organizations came under fire in 2017, a year of reckoning for businesses on how they managed corporate and personal data. The increase in cyberattacks, and in particular the use of ransomware, has become so pervasive that an underground ransomware m... read more

 Huffington Post4 days ago
NAFTA's Chapter 11 Mechanism Defended By Canada Is Costing Taxpayers: Report

A progressive group says it's baffled that the Canadian government has worked at the NAFTA negotiating table to protect a dispute resolution system that allows companies to sue governments, estimating it has cost Canadian taxpayers $314 million.The C... read more

 Huffington Post4 days ago
Canadian Cities Must Start Using Open-Loop Transit Systems

Were you stuck in traffic today? Yesterday? Expecting the same tomorrow?Whether jammed into a bus or streetcar, or turtling along in a car, the transit woes of big city residents continue to handcuff governments, businesses and commuters. Putting the... read more

 Huffington Post4 days ago
6 Canadian Banks Accused Of Manipulating Interest Rate Benchmark For Profit

WHITE PLAINS, N.Y. _ A class-action lawsuit filed in a U.S. court alleges six Canadian banks and three others conspired to increase the profitability of their derivatives trading business by manipulating an interest rate benchmark for about seven yea... read more

 Huffington Post4 days ago
Best Canadian Cities For Millennials, According To Point2 Homes

For Canada's millennials, it's the best of times and the worst of times. Canada's job market is the strongest it has been in recent history, with the unemployment rate falling to its lowest level in at least 41 years in December.But earning a paycheq... read more

 Huffington Post5 days ago
Home Sales, Prices Rose In December As Canadians Raced Against New Mortgage Rules: CREA

TORONTO _ National home sales rose 4.5 per cent in December from the month before as buyers scrambled to nab homes ahead of stricter mortgage regulations coming into effect, the Canadian Real Estate Association said Monday.The organization's monthly ... read more

 Huffington Post5 days ago
Canadians Trust Their Media More Than People In Most Countries: Pew Center Study

Canadians are generally happy with their news media, and that could be thanks to their trust in the federal government and faith in the country's economic performance.A Pew Research Center study into global attitudes on media showed out of 38 countri... read more

 Huffington Post5 days ago
Carillion's Liquidation Threatens 6,000 Jobs In Canada, 40,000 Worldwide

LONDON _ U.K-based construction and services giant Carillion has gone into liquidation, putting thousands of jobs and millions of pounds' worth of British government contracts at risk.Carillion employs more than 6,000 people in Canada and 40,000 arou... read more

 Huffington Post5 days ago
Now Is The Best Time To Become A Freelance Writer

The work-from-home lifestyle of a professional writer offers benefits that most professionals working in an office can only dream of. The reality is it requires late nights editing content, researching mundane topics and learning the latest trends to... read more

 Huffington Post5 days ago
Canada Debt Survey: A Third Of Canadians Can't Make Their Monthly Payments

As Canadians prepare for a possible interest rate hike from the Bank of Canada this week, a new study is warning that the country's indebted consumers are increasingly struggling to keep up with their expenses.One-third of Canadians say they are no l... read more

 Huffington Post5 days ago
Canadian Marijuana Jobs: Companies Looking To Fill Roles Ahead Of Legalization

VANCOUVER _ Canadian marijuana companies are on a hiring spree, looking to fill an array of roles as they gear up for the legalization of recreational cannabis later this year.The workforce is booming, said Alison McMahon, who runs Cannabis At Work, ... read more

 Huffington Post5 days ago
Pacific Mall Among World's Most Notorious Sources Of Pirated Goods: U.S.

MARKHAM, Ont. _ A U.S. government report says a Toronto-area mall is among the most notorious sources of pirated and counterfeit goods in the world.Pacific Mall, a predominantly Chinese-Canadian shopping centre in Markham, Ont., is one of 18 brick-an... read more

 Huffington Post5 days ago
Sears Canada Closes Final Stores Sunday

Sears Canada says its remaining stores will close their doors for good today.The long-time staple of Canada's retail landscape declared bankruptcy last year and announced in the fall that it would liquidate its remaining stores and lay off thousands ... read more

 Huffington Post6 days ago
Mark Zuckerberg Lost $3.3 Billion After Announcing Changes To Facebook's News Feed

(Reuters) _ Shares of Facebook Inc fell more than 4 percent on Friday and were on track for their worst session in more than three months after Chief Executive Mark Zuckerberg announced changes that he said would hit user engagement in the near term.... read more

 Huffington Post6 days ago
Some Canadian Media Outlets Say They Can Handle Facebook's Newsfeed Changes

Some members of Canada's media industry say they expect to be able to weather the potential setback created by the latest change to Facebook's content sharing priorities.The social network recently announced that user feeds will now feature less news... read more

 Huffington Post7 days ago
$749,000 Toronto Real Estate Listing Looks Like It Came Out Of A Horror Movie

With how expensive housing in Toronto is, $750,000 for a house downtown doesn't sound bad right?Well, when they say something's too good to be true, it probably is.This 2-bedroom townhouse real estate listing might sound like a good deal based on loc... read more

 Huffington Post7 days ago
Eastern Canada Isn't Ready For Strong Earthquakes: Study

MONTREAL _ While people in British Columbia are mindful of the fact they could eventually face some of the strongest earthquakes in the world, at least one study warns there's a lack of awareness of the risk in Eastern Canada.One report released last... read more

 Huffington Post7 days ago
Tim Hortons Franchisees Want More Price Hikes: Source

Tim Hortons franchisees knew price increases on some menu items were coming, but the slight bump on breakfast menus the company confirmed Friday falls short of the 10 per cent across-the-menu hike those grappling with Ontario's minimum wage hike feel... read more

 Huffington Post7 days ago
McDonald's Canada Pulls Ad Discouraging Museum Visits

McDonald's has apologized and pulled a national radio ad that encouraged people to buy its fast food offerings rather than visit a museum after facing criticism.Company spokesman Adam Grachnik said the 15-second ad, which played down how interesting ... read more

 Huffington Post8 days ago