‘They’ve treated people like dirt’: Equity group layoffs at $135 billion BCIMC raise questions about morale
Part of the problem was the sudden, and seemingly chaotic way in which the layoffs were carried out
Monthly Archive: April 2018
Toronto home rented by royal-to-be Meghan Markle sold for $1.6 million
TORONTO — The Toronto home that Meghan Markle rented while dating Prince Harry sold for $1.6 million in January 2018. The Seaton Village property was snatched up by an unidentified buyer for more than its $1.39 million asking price, according to sales data from property website geowarehouse and seen by The Canadian Press. “Suits” star […]
Nearly half of existing mortgages face renewal in 2018: CIBC report
TORONTO — Nearly half of all existing mortgages in Canada will need to be renewed this year, substantially more than in prior years, according to a new report, amid rising interest rates and new rules that make it tougher for some borrowers to shop around. A CIBC Capital Markets report suggests an estimated 47 per […]
With almost nothing left to lose, Albertans rise up against Ottawa’s empty pipeline promises
Claudia Cattaneo: This is no Vancouver, where demonstrators are on speed dial. This is the heart of the tight-lipped oil industry, where many never showed up at a rally before
Almost heaven: West Virginia starts new tourism campaign
CHARLESTON, W.Va. — West Virginia is embarking on a tourism advertising push using John Denver’s “Take Me Home, Country Roads.” Gov. Jim Justice unveiled a video Wednesday as the centerpiece for the campaign that frames the iconic song and the mountainous state’s natural beauty. The campaign borrows the words “almost heaven” as its slogan. Justice […]
Fed leans toward faster pace of interest rate hikes even as trade war poses risk
Even with the improved outlook, a ‘strong majority’ of Fed officials voiced concern that a trade war would harm the economy, minutes say
Fed in March discussed ‘slightly steeper’ future rate hikes
WASHINGTON — Federal Reserve officials at their March meeting, the first under new Chairman Jerome Powell, decided to stick with a gradual approach to rate hikes. But officials also discussed the possibility that the future course of rate hikes could accelerate. The minutes of the Fed’s March 20-21 meeting show that a number of participants […]
US budget deficit rose 18.4 per cent in March
WASHINGTON — The federal government recorded a budget deficit of $208.7 billion in March, an increase of more than $32 billion from a year ago as revenues slipped and expenditures climbed. The Treasury Department said Wednesday that the February deficit was 18.4 per cent higher than a year ago, largely due to increased expenditures on […]
Liberals look to open doors in China to Canadian music, film, books
OTTAWA — Heritage Minister Melanie Joly says she and dozens of Canadian cultural organizations in China have been given assurances around protection of intellectual property should they enter the Chinese market. Canadian companies have repeatedly raised concerns to the Liberals about the lack of transparency with China’s regulatory system and shortcomings in protecting intellectual property […]
Urbanation report says condo rents in Toronto up 11 per cent from year ago
TORONTO — A new report suggests the average monthly rent for a condominium in Toronto in the first quarter was up nearly 11 per cent compared with a year ago. Urbanation Inc. says average monthly rates increased to $2,206 based on average unit size of 740 square feet. The increase came as the rental market […]