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2025-09-24 - Minister Lightbound to Make Announcement – Silence from Canada Post - CUPW Sep 24th
2025-09-24 - Minister Lightbound to Make Announcement – Silence from Canada Post CUPWFeds to announce ‘new measures’ to aid cash-strapped Canada Post Toronto StarMEDIA ADVISORY - Minister Lightbound to provide update on future of Canada Post The Globe and MailF.... More »
Canadian producers missing out on global oil recovery + MORE Feb 4th
Despite headwinds, analysts don’t expect dividend cuts, although asset sales could be in order as major firms begin reporting
.... More »
Making sense of the markets this week: February 11, 2024 + MORE Feb 9th
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.
Disney is back on track
Even with all the iconic brands under its corporate umbrella, Disney has struggled the last few .... More »
Facebook stock drops after company warns Apple’s privacy changes to have bigger Q3 impact - TechCrunch Sep 22nd
Facebook stock drops after company warns Apple’s privacy changes to have bigger Q3 impact TechCrunchFacebook says it underreported ad performance due to Apple's iPhone privacy update CNBCFacebook says privacy changes in iOS continue to impact its ad business 9to5Ma.... More »
25 money movies (that actually stream in Canada) + MORE Dec 11th
Filmmakers in Hollywood and Hollywood North have yielded dozens of memorable money-themed movies in recent history, exploring everything from capitalism and corporate hijinks to meme stocks and the 2008 financial crisis. From side-splitting comedies to jaw-dropping documentaries, you’ll find plent.... More »
Toronto real estate soars to new heights
– moneysense.ca
TORONTO – The Toronto area’s real estate market set a record last month, with nearly 13,000 homes sold, despite sky-high prices and new federal mortgage rules targeted at Canada’s most expensive housing markets.
The Toronto Real Estate Board said Friday the number of sales last month was up 10.6 per cent from May 2015 and prices were up about 15 per cent. That came one day after its counterpart in Vancouver also reported record-breaking sales for the month.
Housing bubble? Depends if you read the numbers or the market »
For a detached house in the city of Toronto, the average price last month was $1.28 million, while the average price for all homes was $782,051, TREB said.
TREB president Mark McLean said a shortage of homes for sale helped drive the rise in prices.
Finance Minister Bill Morneau has increased the minimum down payment for homes over $500,000, a measure aimed specifically at Toronto and Vancouver.
As of February, homebuyers were required to put down 10 per cent on the portion of a home over $500,000…
The Toronto Real Estate Board said Friday the number of sales last month was up 10.6 per cent from May 2015 and prices were up about 15 per cent. That came one day after its counterpart in Vancouver also reported record-breaking sales for the month.
Housing bubble? Depends if you read the numbers or the market »
For a detached house in the city of Toronto, the average price last month was $1.28 million, while the average price for all homes was $782,051, TREB said.
TREB president Mark McLean said a shortage of homes for sale helped drive the rise in prices.
Finance Minister Bill Morneau has increased the minimum down payment for homes over $500,000, a measure aimed specifically at Toronto and Vancouver.
As of February, homebuyers were required to put down 10 per cent on the portion of a home over $500,000…
Vancouver, Toronto Real Estate Sales Are Slowing. Prices Are Not. – Huffington Post Canada
– news.google.ca
Huffington Post CanadaVancouver, Toronto Real Estate Sales Are Slowing. Prices Are Not.Huffington Post CanadaAnd that could be bad news for anyone hoping to jump in and buy a home. Home sales in Vancouver have not grown in two months — the city saw 4,769 transactions in May, a decline of 0.3 per cent from the previous month, according to the Real Estate …Public pressures trigger turmoil among Metro Vancouver realtorsVancouver Sunall 29 news articles »
Business Highlights
– canadianbusiness.com
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US hiring grinds to a near-halt; many stop looking for work
WASHINGTON (AP) — U.S. hiring slowed to a near-standstill in May, sowing doubts about the economy’s health and complicating the Federal Reserve’s efforts to raise interest rates.
While unemployment slid from 5 per cent to 4.7 per cent, the lowest since November 2007, the rate fell for a troubling reason: Nearly a half-million jobless Americans stopped looking for work and so were no longer counted as unemployed.
Employers added just 38,000 jobs in May, the fewest in over five years.
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US stocks, dollar slide after weak jobs report
Banks and other financial companies led a modest decline in U.S. stocks Friday after a report indicating that hiring slowed sharply in May put investors in a selling mood.
The market slide snapped a two-day winning streak and sent bond prices surging as investors sought safety in U.S. government-backed debt. The dollar also fell sharply against several major currencies.
The downbeat jobs data appeared to convince traders that the Federal Reserve will keep interest rates low longer than previously expected…
US hiring grinds to a near-halt; many stop looking for work
WASHINGTON (AP) — U.S. hiring slowed to a near-standstill in May, sowing doubts about the economy’s health and complicating the Federal Reserve’s efforts to raise interest rates.
While unemployment slid from 5 per cent to 4.7 per cent, the lowest since November 2007, the rate fell for a troubling reason: Nearly a half-million jobless Americans stopped looking for work and so were no longer counted as unemployed.
Employers added just 38,000 jobs in May, the fewest in over five years.
___
US stocks, dollar slide after weak jobs report
Banks and other financial companies led a modest decline in U.S. stocks Friday after a report indicating that hiring slowed sharply in May put investors in a selling mood.
The market slide snapped a two-day winning streak and sent bond prices surging as investors sought safety in U.S. government-backed debt. The dollar also fell sharply against several major currencies.
The downbeat jobs data appeared to convince traders that the Federal Reserve will keep interest rates low longer than previously expected…
More charges against ex-pharmaceutical executive Shkreli
– canadianbusiness.com
NEW YORK, N.Y. – Federal prosecutors in New York have filed additional criminal charges against a pharmaceutical executive who separately was heavily criticized for raising the price of a lifesaving malaria medication.
A new indictment filed Friday in Brooklyn says Martin Shkreli (SHKREL’-ee) and his former attorney Evan Greebel schemed to defraud potential investors of his former drug company Retrophin Inc., based in San Diego. They say the two allocated company stock to seven employees to conceal Shkreli’s ownership of it.
Shkreli previously pleaded not guilty to charges he lost investors’ money through bad trades and looted the pharmaceutical company to pay them back.
Shkreli already was reviled because another drug company he owned raised the price of Daraprim by 5,000 per cent.
Shkreli’s attorney says the allegations won’t change the “flawed theory” of the case. Greebel’s lawyer has no comment.
The post More charges against ex-pharmaceutical executive Shkreli appeared first on Canadian Business – Your Source For Business News.
A new indictment filed Friday in Brooklyn says Martin Shkreli (SHKREL’-ee) and his former attorney Evan Greebel schemed to defraud potential investors of his former drug company Retrophin Inc., based in San Diego. They say the two allocated company stock to seven employees to conceal Shkreli’s ownership of it.
Shkreli previously pleaded not guilty to charges he lost investors’ money through bad trades and looted the pharmaceutical company to pay them back.
Shkreli already was reviled because another drug company he owned raised the price of Daraprim by 5,000 per cent.
Shkreli’s attorney says the allegations won’t change the “flawed theory” of the case. Greebel’s lawyer has no comment.
The post More charges against ex-pharmaceutical executive Shkreli appeared first on Canadian Business – Your Source For Business News.
Toronto Real Estate Board must lift restrictions on home sales data: tribunal
– canadianbusiness.com
TORONTO – Canada’s largest real estate board must give its realtor members access to more home sales data, which they could share with the public online, the Competition Tribunal said Friday.
The tribunal said the Toronto Real Estate Board must include in its home sales data feed information it currently does not disclose, including sales figures, pending sales and broker commissions. Member realtors can also request access to archived data.
In its decision, the tribunal said realtor members would be allowed to post that information on their websites, as long as users are required to register to access it. Sellers would be permitted to opt out of having their addresses and listings posted online.
TREB has been given 60 days to make the changes. It did not immediately respond to requests for comment.
The matter is ongoing, however. The Competition Bureau said Friday the competition commissioner has been served with a notice of appeal by TREB, alleging that the tribunal erred when it ruled in favour of the bureau earlier this year…
The tribunal said the Toronto Real Estate Board must include in its home sales data feed information it currently does not disclose, including sales figures, pending sales and broker commissions. Member realtors can also request access to archived data.
In its decision, the tribunal said realtor members would be allowed to post that information on their websites, as long as users are required to register to access it. Sellers would be permitted to opt out of having their addresses and listings posted online.
TREB has been given 60 days to make the changes. It did not immediately respond to requests for comment.
The matter is ongoing, however. The Competition Bureau said Friday the competition commissioner has been served with a notice of appeal by TREB, alleging that the tribunal erred when it ruled in favour of the bureau earlier this year…
