Category Archives: Financial News

Financial News

Terence Corcoran: Trudeau’s inner circle was right to try sparing SNC-Lavalin’s life

Terence Corcoran: Trudeau’s inner circle was right to try sparing SNC-Lavalin’s life

With the resignation of Gerald Butts as his principal secretary, an even tighter circle of implied culpability now surrounds Prime Minister Justin Trudeau. Somebody within the Prime Minister’s Office at one time did something that puts Trudeau and the PMO at the centre of a political manipulation scheme designed to protect one of Canada’s national…

Innovation Nation: AI godfathers gave Canada an early edge — but we could end up being left in the dust

Innovation Nation: AI godfathers gave Canada an early edge — but we could end up being left in the dust

Canada has a rich history of innovation, but in the next few decades, powerful technological forces will transform the global economy. Large multinational companies have jumped out to a headstart in the race to succeed, and Canada runs the risk of falling behind. At stake is nothing less than our prosperity and economic well-being. The…

Diane Francis: Money laundering by foreigners is what’s really destroying housing affordability in Canada

Diane Francis: Money laundering by foreigners is what’s really destroying housing affordability in Canada

Of all the recent legal shenanigans in Ottawa, the failure to plug money laundering loopholes remains the most egregious. Here’s the problem: Canadian cities rate highly among the most desirable in the world, but also the most unaffordable. Vancouver took the top spot for unaffordability in 2017 based on the gap between low incomes and…

‘Enormous economic harm’: Auto tariffs would add to pain of other trade measures, report says

‘Enormous economic harm’: Auto tariffs would add to pain of other trade measures, report says

U.S. tariffs on auto imports would compound the pain of other recent trade measures, with the impact spilling across borders, even if Canada, Mexico and South Korea are exempted from the levies, says a leading analyst at the Center for Automotive Research. “We make things together, parts cross our borders multiple times using U.S. components…

Gerald Butts and Justin Trudeau ‘would finish each others’ sentences’

Gerald Butts and Justin Trudeau ‘would finish each others’ sentences’

As a student at McGill University in the 1990s, Justin Trudeau sat down near some stone pillars and posed for a photo with another student, who decades later would emerge as the architect of his policies as prime minister — Gerald Butts. The two were clad in nearly identical attire — sandals, ripped acid-washed jeans…

How Jordan Peterson became the face of an MBA program in Texas

How Jordan Peterson became the face of an MBA program in Texas

To meet Jordan Peterson, a once obscure University of Toronto psychology professor turned bestselling author and free speech warrior, Jeff Sandefer piloted his Cessna Citation through a pea soup fog to Des Moines, Iowa, from Austin, Texas, last fall. Sandefer made a fortune in the oil industry, started a private investment firm, got hooked on…

These are the potential tax measures federal budget watchers are speculating about this year

These are the potential tax measures federal budget watchers are speculating about this year

Speculation is rampant in the tax community as to both when the government will deliver its final federal budget before the October election and, more importantly, what tax measures it might contain. The date While last year’s federal budget dropped on Feb. 27, this year’s budget will likely be tabled somewhat later, given that Minister…

Hate mail and vitriol: Divisions run deep over bill that could reshape our natural resources economy

Hate mail and vitriol: Divisions run deep over bill that could reshape our natural resources economy

Few pieces of legislation stir up raw emotion within the resources sector as much as those connected to environmental reviews. Gigi Suhanic TORONTO/CALGARY – It’s a Friday afternoon in January and Pierre Gratton, president of the Mining Association of Canada, is tired of responding to angry emails from people he doesn’t know. For the second…

Sidewalk Labs says wider vision for Toronto waterfront – tax revenue, transit – still ‘concepts in progress’

Sidewalk Labs says wider vision for Toronto waterfront – tax revenue, transit – still ‘concepts in progress’

Sidewalk Labs, the Google-affiliated company trying to redevelop a portion of Toronto’s waterfront, scrambled to clarify its plans on Friday after it was revealed the company’s ambitions in the city were more extensive than had been previously announced. For more than a year, Sidewalk has been working on its proposal to redevelop the Quayside neighbourhood…

BlackBerry gets $40M boost from Ottawa to build primary operating system for connected vehicles

BlackBerry gets $40M boost from Ottawa to build primary operating system for connected vehicles

On Friday morning, Prime Minister Justin Trudeau announced that the federal government will be providing a $40 million grant to help BlackBerry Ltd. develop new software for the vehicles of the future. Trudeau was at BlackBerry’s QNX division in Ottawa alongside CEO John Chen for the announcement, touting the 800 jobs expected to be created…