EconomyLoop
where regional business news becomes global to everyone

Updated U.S. List Highlights Tougher NAFTA Demands

MEXICO CITY _ The United States has published an updated list of NAFTA negotiating objectives to reflect some of its tougher-than-anticipated demands in a reminder of the difficult hoeing ahead as parties seek fertile ground for a deal.The U.S. trade... read more

 Huffington Post19 hours ago

     
Most Canadians Rate Justin Trudeau's Economic Performance Rated As Poor, Very Poor, Or Average: Poll

Canada may be have the fastest-growing economy in the G7, but that doesn't mean Prime Minister Justin Trudeau and his government will get the credit, according to a recent poll.Just one-quarter of Canadians would describe Trudeau's economic performan... read more

 Huffington PostYesterday
Alberta To Control Online Pot Sales, But Private Operators Allowed To Sell Weed In Stores

EDMONTON _ The Alberta government plans to control the online sale of legalized marijuana but will leave over-the-counter sales to private operators.Justice Minister Kathleen Ganley introduced the rules in proposed legislation Thursday, but details o... read more

 Huffington PostYesterday
Flooding Farmland For B.C.'s Site C Dam Is Economic Folly

As many countries move away from big hydro projects, B.C.'s government must decide whether to continue work on the Site C dam. The controversial mega-project would flood a 100-kilometre stretch of the Peace River Valley and provide enough power for t... read more

 Huffington PostYesterday
Canada's Top 1 Per Cent See Soaring Incomes: StatsCan

OTTAWA _ Canada's wealthiest one per cent saw their share of total income rise for the first time in nearly a decade in 2015, thanks to growing dividends, says Statistics Canada.About 270,000 Canadians in this category accounted for 11.2 per cent of ... read more

 Huffington Post2 days ago
Trudeau Dishing 'A Lot Of Baloney' With Claim On Tax Cheats

OTTAWA _ "Our investments have already yielded results. We are on track to recuperate $25 billion from our efforts against tax avoidance and tax evasion." _ Prime Minister Justin Trudeau.-------There are two certainties in life, and one of them the g... read more

 Huffington Post2 days ago
Ottawa's refusal to tax Netflix putting some Quebec Liberal MPs in a tight spot

OTTAWA _ Prime Minister Justin Trudeau is standing firm on his promise not to impose a tax on Netflix and Liberal MPs from Quebec, where the province is prepared to do it alone, say they'll live with his decision _ at least for now.Backbencher Nicola... read more

 Huffington Post2 days ago
Canadian Mortgage Holders Risk ‘Payment Shock,’ Ratings Agency Warns

Mortgage holders, prepare to pay more.Canada's mortgage rates are starting to reverse a three-decade-long downward trend, a new report says, and the result could be "payment shock" for mortgage holders.In a report issued Wednesday, Toronto-based cred... read more

 Huffington Post3 days ago
3 Reasons Why Canada Should Invest More In Polytechnic Education

The G7 met in late September to discuss how the nature of work is changing, and how, largely, automation is driving that change. Canada's Employment, Workforce Development, and Labour Minister Patty Hajdu, along with her counterparts, discussed the c... read more

 Huffington Post3 days ago
It's Unfair That Taxpayers Are Keeping This Ferry Afloat

Canada's federal Crown corporations are a motley bunch. A few, like the Bank of Canada, are mostly viewed as indispensable. Most, such as a litany of museums or port authorities, attract little attention because of their benign purpose and relatively... read more

 Huffington Post3 days ago
Julian Fantino, Raf Souccar, Open Aleafia Inc. Health Clinic, Medical Pot Research Company

Two men who spent their decades-long careers combating illegal drug use opened the doors to their medical marijuana-related company on Tuesday.Former Toronto police chief and Conservative MP Julian Fantino and ex-RCMP deputy commissioner Raf Souccar ... read more

 Huffington Post3 days ago
Vancouver Bans Some Short-Term AirBnB Rentals

Vancouver has banned owners of basement suites and laneway houses from listing them on Airbnb after a heated debate in which some city councillors warned that homeowners would not be able to pay their mortgages without the extra income.City council a... read more

 Huffington Post3 days ago
Tesla Faces 3rd Lawsuit Alleging Racial Harassment By Fellow Employees

A former Tesla Motors employee wants to sue the automaker for creating an "intimidating, hostile, and offensive work environment" for black employees.The class-action lawsuit against the Delaware-based company claims Tesla routinely failed to prevent... read more

 Huffington Post4 days ago
For The World's Sake, Canada Should Be Last To Phase Out Oil

I encourage you to take a moment and think back to your swimming lessons as a kid. After a few hours of intense swimming, your instructor blows a whistle and says: "Everybody out of the pool!"Today's global oil and gas sector is no stranger to self-a... read more

 Huffington Post4 days ago
Shoppers Drug Mart Still Hopes To Sell Medical Marijuana

TORONTO _ Shoppers Drug Mart is looking to hire a medical marijuana brand manager as it tries to position itself in the burgeoning cannabis market, even though it is not currently legal to distribute the drug through pharmacies.A job posting on the w... read more

 Huffington Post4 days ago
Filipinos Tell Trudeau To Take Back Canadian Garbage In Port Of Manila

MANILA, Philippines _ Justin Trudeau's visit to the Philippines brought him within a short walk of a Canadian controversy that has lingered in the Port of Manila for years: about 100 stranded containers crammed with thousands of tons of rotting trash... read more

 Huffington Post5 days ago
WTF Is My TFSA Contribution Room And Why Should I Care?

Talking about tax-free savings accounts may be the financial equivalent of watching paint dry, but like a purchasing a fine piece of art, TFSAs can be a wise choice for anyone looking to grow their hard-earned cash.If you've never heard of it or have... read more

 Huffington Post5 days ago
If There's Anything Voters Hate, It's Rich Hypocrites

It's hard to keep track of political revelations in the Trump era, true. But back in August, you may recall that The New Yorker's award-winning political writer, Ryan Lizza, published a big story about Donald Trump's anti-Semitic, white supremacist m... read more

 Huffington Post5 days ago
Liberals Unable To Spend More Than $2B On Infrastructure Projects Last Year

OTTAWA _ Newly released documents show the federal government was unable to spend $2.14 billion in cash to rebuild roads, bridges and other large-scale projects that would help people in their day-to-day lives.Overall, a recent department report show... read more

 Huffington Post5 days ago
Are Foreign Buyers Really Ditching Vancouver For Seattle?

For those priced out of Vancouver's housing market, a recent story suggesting that foreign buyers are bailing on Vancouver in favour of Seattle may seem like good news.But that may not translate into more affordable housing in Vancouver, because even... read more

 Huffington Post5 days ago
Trudeau May Talk Human Rights In Philippines Despite Rodrigo Duterte's Gesture

MANILA, Philippines _ Rodrigo Duterte went out "on a limb" to secure a key invitation for Justin Trudeau to attend a prestigious Asia-Pacific security event alongside powerful world leaders, government officials say.But one senior insider insists the... read more

 Huffington Post5 days ago
How Justin Trudeau And Mexico's Enrique Pena Nieto Allied To Turn The TPP Deal Their Way

DANANG, Vietnam _ From the outside, it looked like yet another bilateral meeting between Justin Trudeau and his continental ally, Enrique Pena Nieto, on the sidelines of yet another leaders' summit.But this time, the Canadian prime minister had a som... read more

 Huffington Post6 days ago
Jason Kenney Is Trying To Sell Alberta On A Sunset Industry

For a few weeks, Jason Kenney tried to boost his status leading up to his election as the new leader of Alberta's United Conservative Party by using some questionable tactics. On a radio show in Quebec City with host Éric Duhaime, he suggested... read more

 Huffington Post7 days ago
Proposed Medical Marijuana Tax Angers Patients

TORONTO _ The federal government's proposed plan to impose an excise tax on medical marijuana as well as recreational cannabis has left patient advocate groups and Canadian licensed cannabis producers fuming.Canadians for Fair Access to Medical Marij... read more

 Huffington Post7 days ago
B.C. Now More Dependent On Real Estate Than Alberta Is On Oil

If Alberta is Canada's oil country, then British Columbia is ... real estate country?New government data released this week shows that British Columbia has become more economically dependent on real estate transactions than Alberta is on oil.Accordin... read more

 Huffington Post8 days ago
Liberals Propose Legal Marijuana Tax Of $1 Per Gram, Plus GST

OTTAWA _ Anyone planning to purchase legal marijuana next year better be prepared to pay the taxman as well, to the tune of at least $1 for every gram _ plus GST.The proposed federal tax scheme, announced Friday, will be available for public comment ... read more

 Huffington Post8 days ago
Canada Bails On Meeting To Save TPP On Sidelines Of APEC Summit

DANANG, Vietnam _ Talks towards salvaging a Pacific Rim trade pact this weekend lost steam Friday as several countries, including Canada, expressed enough concerns that leaders cancelled a scheduled meeting to discuss the deal.The heads of the 11 cou... read more

 Huffington Post8 days ago
Trudeau Says He's In 'No Rush' On TPP As Trade Minister Shoots Reports Of Deal

HO CHI MINH CITY, Vietnam _ Canada won't be pressured into prematurely signing a deal on the Trans-Pacific Partnership, Prime Minister Justin Trudeau said Thursday as his Liberal government flatly denied media reports of a "deal in principle" on the ... read more

 Huffington Post9 days ago
10 Steps To Winning A Layoff Like The Professional You Are

You may have seen your termination looming on the horizon months ago, or it may have been triggered by a bad business quarter for your company. Either way, as of 5:00 p.m. today, or even one week from today, you will be out of a job.Here's a step-by-... read more

 Huffington Post9 days ago
Canadians Relying On Online Retailers More Than Ever For Holiday Shopping: Accenture Survey

Canadians are more dependent on online retailers than ever for their holiday shopping needs, new research from Accenture Canada suggests.Sixty-six per cent of shoppers in the firm's sixth annual holiday shopping survey said they check Amazon before l... read more

 Huffington Post9 days ago
No Country Should Support A Trade Deal That Disadvantages Its Citizens

I can honestly say that the price of a decent family home in Auckland never concerned me much _ not until the last week or so, at least.I became interested, however, when the new government in New Zealand announced that it would move to prevent forei... read more

 Huffington Post9 days ago
Ex-Facebook Chief Warns Site Was Built To Exploit People’s Weaknesses

In the wake of last year's U.S. election, in which Russian interference and "fake news" on social networks became major topics, many are rethinking the role of social media in our society.Adding their voice to the list of critics is Sean Parker, who ... read more

 Huffington Post9 days ago
Liberals Can't Fight Inequality While Allowing Lucrative Tax Breaks

The government's fall fiscal update has some good news for those living in poverty or who are struggling to get ahead. The Child Tax Benefit will be indexed to inflation and the Working Income Tax Benefit will be increased by $500 million, both moves... read more

 Huffington Post9 days ago
Tim Hortons 'Poppy Doughnut' Doesn't Go Down Well With Some

CALGARY _ The head of the Calgary Poppy Fund and Veterans' Food Bank says he hopes no one gets in big trouble over a poppy-emblazoned doughnut sold at a local Tim Hortons.John Rathwell says it seems good intentions were behind the gesture and it was ... read more

 Huffington Post9 days ago
Transport Canada Says Small Knives OK On Flights, But Baby Powder Is Not

OTTAWA _ Under new regulation changes effective later this month, airline passengers will be able to carry some small knives on most flights, but baby powder will be banned.Transport Canada says knife blades up to six centimetres _ about the size of ... read more

 Huffington Post9 days ago
Montreal's Place Versailles Slammed For Santa Visit On Remembrance Day

MONTREAL _ A Montreal shopping mall is getting criticized for trotting out Santa Claus on Remembrance Day.Saint Nick arrives at Place Versailles on Saturday morning _ about an hour before ceremonies are held to honour Canada's war dead.The mall's man... read more

 Huffington Post9 days ago
June's HIV+ Eatery, Canada's First Restaurant Of Its Kind, Battles Social Stigmas

TORONTO _ While working as a sexual health educator in Calgary several years ago, artist and activist Mikiki would often gently correct clients who said they had never met a gay person. Actually, you probably have but just didn't know it, Mikiki woul... read more

 Huffington Post9 days ago
Trudeau To Meet Aung San Suu Kyi Amid Rohingya Crisis

HO CHI MINH CITY, Vietnam _ Prime Minister Justin Trudeau is scheduled to hold a bilateral meeting with Myanmar leader Aung San Suu Kyi on Friday at the Asia-Pacific Economic Co-operation summit in Vietnam.Suu Kyi is an honorary Canadian citizen and ... read more

 Huffington Post9 days ago
Moose Jaw Times-Herald To End Publication After More Than 125 Years

MOOSE JAW, Sask. _ The Saskatchewan newspaper where former CBC radio host Peter Gzowski got his start in journalism is closing down after more than 125 years in the business.The last edition of the Moose Jaw Times-Herald is to be published Dec. 7.Rog... read more

 Huffington Post9 days ago
Think Hard Before Handing Tech Firms The Rights To Our Cities' Data

Sidewalk Labs, sister company to Google, recently won a bid to work with Waterfront Toronto as an innovation and funding partner to help create a Master Innovation and Development Plan for Quayside, a parcel of land on Toronto's eastern waterfront. T... read more

 Huffington Post10 days ago
Uber's Flying Taxi Could Be In The Air As Soon As 2020

LISBON, Portugal _ Commuters of the future could get some relief from congested roads if Uber's plans for flying taxis work out.The ride-hailing service unveiled Wednesday an artist's impression of the sleek, futuristic machine it hopes to start usin... read more

 Huffington Post10 days ago
On TPP, Canada Will Not Be 'Rushed' Into Signing Deal At All Costs: Trudeau

HANOI, Vietnam _ Prime Minister Justin Trudeau insists he will not be pressed into signing an updated Trans-Pacific Partnership treaty too hastily, even if some of Canada's partners are keen to secure a quick agreement.Trudeau made the remarks Wednes... read more

 Huffington Post10 days ago
Trudeau Says He Accepts Stephen Bronfman's Explanation After 'Paradise Papers' Release

HANOI, Vietnam _ Prime Minister Justin Trudeau says he's satisfied with the public explanation provided by a top Liberal fundraiser whose name surfaced in leaked documents that provide details on legal, offshore tax havens used by the wealthy.Speakin... read more

 Huffington Post10 days ago
Shoppers Optimum And PC Plus Programs Will Be Merged In February 2018

Customers at Shoppers Drug Mart or any of Loblaw Companies Ltd.'s grocery stores will soon use a new, unified loyalty program that replaces Optimum and PC Plus points.Loblaw (TSX:L) will merge the two programs starting Feb. 1, 2018 under the name PC ... read more

 Huffington Post10 days ago
Manitoba Will Let Private Retailers Sell Marijuana Once It's Legal, Premier Says

WINNIPEG _ Manitoba Premier Brian Pallister says retail sales of marijuana will be done exclusively through private retailers when recreational use of the drug is legalized next July.Pallister announced Tuesday some of the major points of the provinc... read more

 Huffington Post11 days ago
Financial Education Should Be A Basic Human Right

The vast majority of people who hear the terms "financial literacy" or "financial empowerment" simply hit the snooze button in their brain right after it's mentioned. The other small minority of the population who actually care about financial litera... read more

 Huffington Post11 days ago
Here Are Canada’s Most Profitable Actors Since 1980

Canadians have long been proud of their contribution to Hollywood. The list of famous Canadian faces in Tinseltown is as long as it is familiar to those of us living north of the border.U.K. research firm Verve Search decided to find out exactly whic... read more

 Huffington Post11 days ago
Canada's Push For A 'Progressive' TPP May Hit Roadblocks

The Trudeau government's push for so-called progressive chapters in a revamped Trans-Pacific Partnership trade agreement are likely to be a tough sell among many of Canada's partners in the region, experts say.International Trade Minister Francois-Ph... read more

 Huffington Post11 days ago
Canada Losing Billions More Than Estimated To Offshore Tax Havens: Group

The "Paradise Papers" leak of offshore tax haven documents suggests Canada is losing much more money to offshore tax havens than previously estimated, says a watchdog group.Canadians for Tax Fairness estimates that Canada's government loses between $... read more

 Huffington Post11 days ago
Michelle Obama Is Coming To Toronto

TORONTO _ Michelle Obama is coming to Canada later this month to speak about education and equality for girls and women around the world.The Toronto event on Nov. 28 will be hosted by the Economic Club of Canada and Plan International Canada.Economic... read more

 Huffington Post12 days ago