Category Archives: Economy

CIBC playing dangerous game by financing the flippers

By Amy Chen Shuyang Ling and Xuhong Ying of West Vancouver bought the property at 1195 Sutton Place for $2.7 million last September and are now trying to flip it for $5.4 million. They purchased the property with a little

Investors dumping Metro Vancouver homes at a loss as bubble bursts

By Amy Chen Investors who bought homes in Metro Vancouver last year at the height of the bubble are dumping them at a loss to flee the market in a hurry as prices continues to tumble, recent sales listings show.

Investors dumping Metro Vancouver homes at cost as prices plummet

By Amy Chen Investors who bought real estate in Metro Vancouver last year at the peak are dumping them at cost to bail from the market in a hurry as prices continues to tumble, recent property listings show. The dumping

Ottawa holds vigil against Kinder Morgan

By Marina Wang Protesters huddled together under the lamplight on a frigid evening outside parliament in what is likely to be the last nation-wide protest before a decision on the controversial Kinder Morgan pipeline is announced. The candlelit vigil is

Dear Finland, Re: guaranteed income experiment

Dear Finland,   Regarding your experiment in guaranteed income; While I find myself slightly dismayed at the small scope of your experiment, I am thrilled and excited to see you implementing this type of policy. Canada had a city sized

Trans-Pacific Partnership is mostly an investor protection agreement

By Blair Redlin Inasmuch as 97% of Canadian exports to TPP countries are already duty free, it’s our view that the proposed Trans-Pacific Partnership is mostly an investor protection agreement, which should be primarily assessed on that basis. The arguments

Harper signed trade deal with Panama encouraging tax evasion

Former Prime Minister Stephen Harper signed a trade deal with Panama in 2010, which encourages tax evasion by Canadian companies, according to experts. Todd Tucker, research director at Public Citizen’s Global Trade Watch, warned Parliamentarians that the Canada-Panama Free Trade

Canadian growth of employment highest under foreign control

By Leila Lemghalef Foreign companies lead employment growth across Canada, according to Statistics Canada. Employment growth led by foreign majority-controlled firms was more than double the increase reported by Canadian-controlled firms, and employment in foreign firms is mostly concentrated in

Budget 2016: CRA gets $444 million to go after tax dodgers

Canada’s federal budget 2016 earmarked nearly $444 million over five years for the Canada Revenue Agency to go after tax cheats, amid revelations that the government’s tax collector offered an amnesty to wealthy clients of KPMG who took part in

Women know less than men in finance

By Leila Lemghalef Canadian women scored lower on financial literacy tests than Canadian men, and are less likely to consider themselves financially knowledgeable, based on new findings released by Statistics Canada. On questions relating to key issues of interest, inflation,