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As Housing Prices Soar, Finance Minister Is Well Invested
As Housing Prices Soar, Finance Minister Is Well Invested Gov’t must be ‘careful about intervening,’ says Mike de Jong, who has a stake in several properties. Finance Minister Mike de Jong’s most recent financial disclosure shows he received rental income from seven investment properties. Photo: BC Gov’t Flickr. Taking action to reduce housing prices in Vancouver […]
Is Canada failing to live up to its human rights commitments with its arms deals?
Is Canada failing to live up to its human rights commitments with its arms deals? A soldier with the Gulf Co-operation Council forces prays in front of his armoured personnel carrier as his fellow solider keeps watch while they guard the Bahrain Financial Harbour in Manama. (James Lawler Duggan/Reuters) Listen 7:58 Canada has condemned a spate […]
Charter Rights at Issue in Fracking Supreme Court Case
Charter Rights at Issue in Fracking Supreme Court Case Jessica Ernst’s long battle over rights, well contamination reaches highest court Tuesday. Jessica Ernst stands in front of Encana compressors in Rosebud, Alberta. Photo by Tor Lundberg Tuorda. An Alberta woman’s landmark eight-year battle over fracking regulation, water contamination and Charter rights will take centre stage […]
Canada’s job recovery will reflect growing divergence between resource and export sectors: Don Pittis
Canada’s job recovery will reflect growing divergence between resource and export sectors: Don Pittis Bank of Canada governor Stephen Poloz says rebuilding Canadian economy might be a 5-year healing process Bank of Canada governor Stephen Poloz says the country is on track for slow job growth. But also expect a growing divergence between a weakening […]
Canada PMI Crashes Into Contraction
Canada PMI Crashes Into Contraction Canada’s Ivey Purchasing Managers Index collapsed from an exuberant and simply unbelievable 63.6 in November to a contractionary 49.9 in December – one of the biggest MoM drops on record and biggest misses on record. On a seasonally-unadjusted basis, this is the weakest print in at least 2 years. From the best […]
Brave New World of Bank Bail-Ins As Of January 1st
Brave New World of Bank Bail-Ins As Of January 1st On January 1st, 2016, the new bail-in regime became law putting at risk the deposits of savers and companies in the EU. EU countries join the UK, the U.S., Canada, Australia and New Zealand in having plans for bail-ins in the event of banks and other […]
B.C. property assessments spike up to 30% in Vancouver
B.C. property assessments spike up to 30% in Vancouver The home of Lululemon founder Chip Wilson was the highest-valued residential property in the province Chip Wilson, founder of Lululemon yoga wear, has the home valued as the most expensive in B.C. by authorities. (Darryl Dyck/Canadian Press) Property assessment notices have been mailed to homeowners in […]
WTI Plunges To $35 Handle As Loonie Hits 12 Year Low
WTI Plunges To $35 Handle As Loonie Hits 12 Year Low WTI Crude prices just broke back to a $35 handle for the first time since mid-December as the combination of un-growth, Saudi price cuts, a rancorous OPEC, and production increases weigh on the world’s most important commodity. At the same time, oil producers are getting […]
Household debt still rising, but most Canadians in decent shape: experts
Household debt still rising, but most Canadians in decent shape: experts Bank of Canada worries some Canadian households may be over their heads Most Canadians handle debt well, but a small minority have so much, they might everntually be in trouble. (CBC) Canadian households will close out 2015 carrying thicker layers of debt after worrisome […]
Ontarians Urged To “Voluntarily” Pay More Taxes To Cut Province’s Debt
Ontarians Urged To “Voluntarily” Pay More Taxes To Cut Province’s Debt Christmas is a time for giving and that is what Ontario Premier Kathleen Wynne is asking of her citizenry. With almost $300 billion in debt, and almost 1 in 10 dollars of revenue going to pay interest, and already facing the highest tax rates […]
More Canadians Going Cashless Thanks To Apps, Credit And Debit Cards
More Canadians Going Cashless Thanks To Apps, Credit And Debit Cards TORONTO — Maureen Turner still makes a point of carrying coins and bills in her wallet — but not for her own personal use. “I have four kids, and often the teenagers will say: ‘I need $20 for lunch at school,'” says the Georgetown, […]
58 Facts About The U.S. Economy From 2015 That Are Almost Too Crazy To Believe
58 Facts About The U.S. Economy From 2015 That Are Almost Too Crazy To Believe The world didn’t completely fall apart in 2015, but it is undeniable that an immense amount of damage was done to the U.S. economy. This year the middle class continued to deteriorate, more Americans than ever found themselves living in […]
This Is Canada’s Depression: Surging Crime, Soaring Suicides, Overwhelmed Food Banks “And The Worst Is Yet To Come”
This Is Canada’s Depression: Surging Crime, Soaring Suicides, Overwhelmed Food Banks “And The Worst Is Yet To Come” Back in March, we brought you “Drugs, Prostitution, Violence Plague Oil Boom Towns Gone Bust,” in which we detailed the plight of towns like Sidney and Bainville, Montana, where the slump in oil revenue has made it […]
“Canadians Should Be Concerned” As Energy Sector Job Losses Spike To 100,000 This Year
“Canadians Should Be Concerned” As Energy Sector Job Losses Spike To 100,000 This Year It’s grim up north… and getting grimmer. Amid soaring suicide rates, Canada’s once-booming oil patch is rapidly accelerating its downward trajectory. “Canadians should be concerned in times like these,” warned Tim McMillan, president and chief executive of the Canadian Association of Petroleum Producers, noting […]
