Russia looks to cut economic ties, scrap investment projects with Turkey – CTV News + MORE Nov 26th

Are you trying to buy a home right now? Do you feel priced out of the market? According to a new Manulife Bank of Canada study you’re not alone.
Is your neighbourhood affordable?
More than a third (38%) of Canadian homeowners felt that housing in their area is unaffordable with the most pessimistic outlook coming from those living in British Columbia.
The survey revealed that 46% of those looking to buy in one of Canada’s largest urban areas—Vancouver, Calgary, Edmonton, Toronto, and Montreal—would describe their housing market as
affordable. The perceived lack of affordability was most acute in Vancouver, where just one in three (33%) of buyers indicating that housing was affordable.
But not everyone in Canada saw housing affordability as an issue. About 68% of buyers looking for a home outside of the largest Canadian cities described their real estate market as affordable—with the most optimistic homeowners located in Atlantic Canada (where 83% described their neighbourhood as affordable)…

From left: Robert Friedland, Peter Nygård and Jim Balsillie (Mines & Money/Flickr; Chad Buchanan/Getty; Mark Lennihan/AP)
There are only so many spots on the list of Canada’s Richest People to go around, and with new entrants climbing the ranks, these long-standing stalwarts are off the leaderboards this year:

Robert Friedland
Net worth: $820 million
Friedland’s Ivanhoe Mines found itself in conflict with the Congolese government this year. Ivanhoe planned on selling a stake in its Kamoa copper mine, located in the African nation, to China’s Zijin Mining. But the company’s stock price plummeted when the government called for the deal to be suspended, while offering no clear explanation for its decision. The sale was finally approved in September.

The inside story of how the wheels came off at Research in Motion

Jim Balsillie
Net worth: $788 million
Jim Balsillie emerged this year as a vocal advocate for innovation policy in Canada…

CTV NewsRussia looks to cut economic ties, scrap investment projects with TurkeyCTV NewsMOSCOW — Russia plans to retaliate against Turkey for the downing of a warplane by imposing sanctions, cutting economic ties and scrapping major investment projects. Since the plane was shot down Tuesday on the Syria-Turkey border, Russia has …Russia seeks economic revenge against Turkey over jetReuters CanadaRussian-Turkish Tensions Heat Up Over Downed WarplaneNew York TimesTurkey won't apologize for downing Russian warplane, Erdogan saysCNNIrish Independent -Sydney Morning Herald -Financial Timesall 11,035 news articles »

Agency’s monthly survey shows businesses added 30,700 jobs; average weekly earnings rose 1 per cent from August

Saul Feldberg, left, handed over control of Global Group to his son Joel in February 2015. (Jacob Yavelberg)
Succession planning is tough for any business, but try doing it with billions at stake and tens of thousands of jobs on the line. While young entrepreneurs are starting to supplant established names on the list of Canada’s Richest People, the average age of Canada’s wealthiest is creeping up. Sooner or later, new generations will gain control of these fortunes, and the companies that created them.

Succession planning is even more important with billions at stake

The transfer of wealth from one generation to the next is already starting to accelerate. In February, Global Group founder Saul Feldberg handed over leadership of the company he founded in 1966 to his son Joel. By all accounts, it was a smooth transition more than a decade in the making. Joel joined the firm in 2002 to learn the ropes, and only after spending some time as an associate at Toronto law firm of Osler, Hoskin & Harcourt where he specialized in mergers and acquisitions…