News: Money

Canadian home sales tick up, but higher interest rates, mortgage rules remain ‘difficult hurdles’ for buyers

Thursday  11:46,   16 august 2018
financialpost

Resales of Canadian homes rose 1.9 per cent in July from June, notching their third straight monthly increase , but rising interest rates and tighter mortgage rules will remain a headwind, the Canadian Real Estate Association said on Wednesday.The[...]
News / Money

Here's how a family of 3 gets by in San Francisco without anyone working a job

Thursday  09:05,   16 august 2018
cnbc

Sam Dogen of the website Financial Samurai retired at age 34 and continues to enjoy living in an expensive city with his family.I've told myself this saying every month since I was a first-year analyst working in finance in 1999. The saying came to[...]

Hydro One given six months to trim executive pay

Thursday  07:40,   16 august 2018
thestar

The new chair of the board at Hydro One is set to clean house and cut pay in the executive suite following the July ouster of CEO Mayo Schmidt , says Premier Doug Ford.Ford, who mockingly nicknamed Schmidt “the six-million-dollar man” during the[...]

A Question for Tesla's Board: What Was Elon Musk's Mental State?

Thursday  05:10,   16 august 2018
nytimes

The same traits that have made Mr. Musk a great entrepreneur also make him a potentially troublesome chief executive. Tesla’s board should act as a filter.There’s no question that Elon Musk is one of the great entrepreneurs of this era. He may even[...]

Second Cup considering Ontario pot shops

Thursday  03:20,   16 august 2018
msn

Second Cup considering Ontario pot shopsThe company's announcement comes after Ontario's Progressive Conservative government said it would allow private retailers to sell recreational marijuana starting next[...]

Quebec offers C$863 million in aid to lessen brunt of U.S. tariffs

Thursday  01:01,   16 august 2018
reuters

The Quebec government on Wednesday said it would spend C$863 million ($657 million) over five years to mitigate the impact of U.S. tariffs on companies and the Canadian province's agriculture sector.The plan would provide direct financial aid to [...]

Mexico says 'hopeful' trilateral NAFTA talks to be held soon

Thursday  01:01,   16 august 2018
reuters

Mexico's Economy Minister Ildefonso Guajardo said on Wednesday that he had spoken with Canadian Foreign Minister Chrystia Freeland on the telephone and was "hopeful" Canada could soon hold trilateral NAFTA talks with the United States[...]

Growth worries send commodities, TSX down

Wednesday  23:31,   15 august 2018
msn

Growth worries send commodities, TSX downThe S&P/TSX composite index closed down 182.17 points, or 1.12 per cent, at 16,148.5 in a broad-based decline led by base metal miners, though cannabis stocks rallied sharply after Canopy Growth Corp.[...]

Uber narrows 2Q loss as company polishes tarnished image

Wednesday  23:15,   15 august 2018
msn

Uber narrows 2Q loss as company polishes tarnished imageThe second-quarter results released Wednesday show Uber's pioneering service continues to reel in more passengers and revenue, despite a variety of debacles that have tarnished its reputation[...]

E-commerce giant Shopify bans sale of some firearms and accessories

Wednesday  18:59,   15 august 2018
cbc.ca

E-commerce giant Shopify bans sale of some firearms and accessoriesA policy update that the Ottawa-based e-commerce firm quietly posted this week shows Shopify merchants can no longer use the platform to sell automatic firearms that have not been[...]

Higher grocery prices likely to come: Metro CEO

Wednesday  18:13,   15 august 2018
msn

Canadian grocery giant Metro Inc. is already facing pressure from suppliers to accept higher prices in light of a recent tariff war with the United States and consumers should expect slightly higher food bills in the future, its CEO said[...]

How basic income could create a whole new class of entrepreneurs

Wednesday  17:54,   15 august 2018
huffingtonpost.ca

<p>Watching a business grow is like watching a child grow. Certain characteristics take you by surprise.&nbsp;&nbsp;</p>Watching a business grow is like watching a child grow. Certain characteristics take you by[...]

Corona owner pumps $4 billion more into weed producer Canopy

Wednesday  17:05,   15 august 2018
reuters

Corona owner pumps $4 billion more into weed producer CanopyConstellation was among the first major alcohol producers to invest in marijuana production when it pumped nearly $200 million into Canopy last year but the latest announcement makes it by[...]

Trump steel tariffs sparking ‘surge’ in imports that have feds ‘concerned:’ Morneau

Wednesday  11:11,   15 august 2018
globalnews.ca

A "surge" in foreign steel products coming into Canada has federal officials considering "exceptional" safeguard measures.Roughly five months after Donald Trump imposed steep new tariffs on foreign steel, officials are already[...]

Here's Where House Prices Have Risen And Fallen Across Canada

Wednesday  11:10,   15 august 2018
huffingtonpost.ca

Toronto house prices are 4 per cent lower than a year agoThe house-price boom is over in Toronto, but no one's really sure where the market is headed next. In Vancouver, solid price growth over the past year has been replaced by a deep sales slump[...]