• Canadians may be less apt to brag about professional achievements than our American counterparts, but modesty could be holding us back from getting the job.

    According to LinkedIn’s @Work study -- which explores generational, cultural, and industry-specific changes in workplaces around the world – 29 per cent of Canadians say they’re proud to talk about professional achievements compared to 40 per cent of Americans.

    In fact, over half of Canadians surveyed say they feel like they’re bragging when they talk about their achievements, with 55 per cent adding that they’d rather talk about their colleagues achievements than their own.

    But knowing how to talk about your achievements without feeling like you’re boasting is key, whether you’re interviewing for a new job or reviewing your performance with the boss, says Eileen Chadnick, an executive coach and founder of Big Cheese Coaching.

    “Your track record and accomplishments are testaments to what you can do going forward,” she says.?


    Read More »from Canadians need to get better at boasting about workplace wins
  • Typo turns Oregon woman’s $300 loan into a $40,000 nightmare

    Stephanie Banks' $40,000 payday loan nightmare may soon be over. After two years, hundreds of dollars in legal fees, and an ongoing court battle, the lender, Wichita, Kan.-based Rapid Cash, claims it was all a misunderstanding.

    An Oregon woman’s $40,000 payday loan nightmare may soon be over. After two years, hundreds of dollars in legal fees, and an ongoing court battle, the lender, Wichita, Kan.-based Rapid Cash, claims it was all a misunderstanding.

    The mix-up, they say, all came down to a rather unfortunate typo.

    Stephanie Banks, 64, took out a $300 loan from Rapid Cash in the fall of 2013. At the time, Banks had retired early from her job as a bookkeeper in order to undergo chemotherapy treatments for breast cancer.

    Without any income outside her monthly Social Security benefits and with medical bills stacking up, Banks found herself short on rent money. She drove to a Portland, Ore., Rapid Cash storefront and put up her car as collateral for a $300 title loan, just enough to pay her landlord. The loan came with a 153% interest rate, the legal maximum allowed by the state of Oregon.

    Shortly after she took out the loan, Banks moved to file for Chapter 13 bankruptcy and most of her debts were

    Read More »from Typo turns Oregon woman’s $300 loan into a $40,000 nightmare
  • Choose where you want to call home. With $1 million, you can invest in your perfect property, in whichever Canadian province your heart desires. What that home looks like, however, will vary greatly depending on where you look. Here’s what’s on the market for $1 million this week.

    Montreal, Quebec

    In the nation’s cultural capital this week, 2 Rue des Jardins-Mérici, #101-102 is now available. This reconstructed condominium is complete with four large private terraces, floor-to-ceiling windows and lovely south-facing views of the St. Lawrence River.

    With three bedrooms, three bathrooms, a loft and two garage condos, feel free to spread out. If you still need more room, conveniently, there are two meeting condominiums at your disposal. Plus, Downtown Quebec is your backyard, with shops, restaurants and amenities all within walking distance.

    Keats Island, British Columbia

    For $1 million, buy yourself a stunning home on Keats Island in British Columbia. 594 Walkabout Road has panoramic views

    Read More »from What a $1 million dollar home looks like in Canada this week
  • More than a third of Canadians came up short last year when it came to housing expenses. A study by Manulife Financial found that 37 per cent of Canadians surveyed had failed to make their housing payments at least once this past year and only 40 per cent are confident they’ll have enough savings for retirement.

    The survey also found the average Canadian homeowner has an outstanding mortgage balance of $181,000, up from $175,000 reported last fall – with Vancouver reaching a staggering $259,000 on average compared to Toronto at $194,000. Calgary and Edmonton were in the middle at $217,000.

    There’s no doubt it’s a tough time, especially for new homeowners facing rising housing prices and eclipsing debt burdens, says Leslie Gardner, a Nanaimo, B.C.-based financial planner with Money Coaches Canada.

    “Often people will get in a home that at the beginning they can certainly afford it – (the cost was) a little bit high but they’re doing okay,” says Gardner. “But what happens is things like

    Read More »from Why one in three Canadians came up short on housing costs last year
  • He has rubbed shoulders with the rich and powerful, donated millions of dollars to charitable causes and run an investment, manufacturing and trading group.

    But now, Victor Dahdaleh, a 72-year-old Jordanian-born tycoon who grew up in both Toronto and Montreal, has been implicated by a joint investigation by CBC/Toronto Star into the Panama Papers.

    The probe into offshore financial records alleges that Dahdaleh is the shadowy middleman described as “Consultant A” in U.S. court documents who handed out tens of millions of dollars in inducements to government officials in Bahrain for more than a decade on behalf of a unit of Alcoa Inc., the U.S.’s biggest aluminum producer, to win contracts to sell alumina to the Persian Gulf state’s processing plant.

    In 2014, the unit pleaded guilty to foreign bribery charges from the U.S. Justice Department. Alcoa also agreed to a settlement with the U.S. Securities and Exchange Commission that saw the company slapped with a fine of US$384 million – the

    Read More »from Canadian billionaire allegedly identified in Panama Papers
  • The six most important wealth-building lessons from multi-millionaires

    How exactly have the rich made their millions? Popular stereotypes of the wealthy imply that they’ve amassed their wealth through a combination of shrewd business decisions, taking on greater investing risks, and of course, benefiting from cushy upbringings.  

    But as is the case with most stereotypes, these are gross exaggerations: a new study shows that a vast majority of high net worth investors come from humble beginnings and built their wealth using some of the most basic tenets of money management.

    U.S. Trust, a private wealth management subsidiary of Bank of America, has released its annual survey of 684 high-net-worth individuals — people who have $3 million or more in investable assets.

    Among the study’s most striking conclusions: much of the 1%'s road to wealth was paved not with gold but remarkably average upbringings and investment strategies.

    “Perceptions of the wealthy in history and popular culture have been painted with a broad brush that doesn’t reflect the majority of

    Read More »from The six most important wealth-building lessons from multi-millionaires
  • New iPhone 7 photos reveal significant design changes

    So far iPhone 7 leaks have had one consistent message: prepare to be disappointed. But, following the release of new chassis photos, that might be about to change…

    Picked up by the ever reliable Nowhereelse.fr are new images which suggest the iPhone 7 may actually make a few very significant design alterations after all.

    Also read: Game-changing products Apple will launch in 2016

    Let’s break them down:

    Change #1 – Four Way Speaker Heaven

    Last year Apple introduced a brilliant quad array of speakers with the iPad Pro 12.9, something it continued with the smaller iPad Pro 9.7 and now these new photos suggest Apple will bring them to the iPhone 7.

    iPhone 7 chassis leak shows four speakers, including two at the top. Image credit: Nowhereelse.fr

    How is this done? The photos show dual speakers top and bottom. No, they still aren’t front firing like some rivals but they would likely give the iPhone 7 external audio which is up there with the best.

    No this wouldn’t be world changing or my

    Read More »from New iPhone 7 photos reveal significant design changes
  • The not-so-secret way millionaire investors get way richer

    Buy. And then hold.

    It would be nice if there were a surefire and legitimate way to get rich quick. But there isn't.

    According to a new study from Bank of America's US Trust, 77% of the firm's clients rose from middle class and poorer backgrounds to become high net worth (HNW) individuals by building their wealth slowly over time.

    As for investing, do HNW individuals — those with at least $3 million in investable assets — have access to some secret trading strategy exclusive to rich people?

    No. For the most part they employ a "basic, long-term approach to investing."

    "Eighty-six percent of HNW investors made their biggest investment gains through long-term buy and hold strategies, traditional stocks and bonds (89%) and a series of small wins (83%) versus taking big investment risks. Their use of more sophisticated investments grows as their wealth increases."

    "Buy and hold" is exactly what it sounds like. You buy what you think is a good stock, and then you hold on to it with the expectation that it may

    Read More »from The not-so-secret way millionaire investors get way richer
  • [Artist’s rendering of a new shipping container home on the Honomobo Facebook page.]

    A new Edmonton venture is looking to help homeowners earn passive income by putting renters up in shipping containers-turned-backyard apartments.

    Honomobo is selling pre-fabricated shipping container garage suites – self contained living spaces – that comply with the city’s new rules announced last summer. 

    Honomobo’s units range from $99,000 for a studio to $147,000 for a two-bedroom with the added cost of about $25,000 for the new garage. According to estimates from co-founder Devon Siebenga, it’ll cost about $500 a month for the mortgage, property tax increase, electricity and water but comes with the potential bonus of a $20,000 affordable housing grant from the city.

    But the company is by no means the first to snatch headlines for building with shipping containers. The trend of micro homes has seen a serious spike across Canada over the past two and a half years, says Robert Leonardo, who co-founded

    Read More »from Shipping container homes find new space in Edmonton
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    [Simon Carr/Flickr]

    It may be unofficial—and it’s certainly premature—but the May 2-4 weekend is Canada’s favourite summer kick-off celebration. Soak in those summertime vibes with a free or affordable event, complete with food, fun and good company, no matter where you are this weekend.


    [John Vetterli/Flickr]


    Ashbridges Park will have shoot off over 2,000 fireworks at dusk on Victoria Day, free to attend (but as with all fireworks shows on the list, get there early as the best viewing points fill up fast).

    If you’re willing to pay a little extra for a party, head to Wasaga Beach. Thousands are expected to hit the sand for Electric Elements, a trendy music festival featuring the best DJs from both close to home and across the globe.


    [Denise M/Flickr]


    Among Western Canada’s most popular family events, the four-day Cloverdale Rodeo and County Fair is a blast to the past, sure to trigger memories of your favourite childhood adventures at the local fair. A full-out,

    Read More »from Cheap and free things to do Victoria Day weekend
  • Does your mood swing up and down with the TSX? Does the price of oil keep you up at night? If you’ve got your finger on the pulse of the business news scene in Canada, then this quiz on the week’s top business stories should be a breeze. Find out how savvy you are about Canadian and international financial news.

  • Canada’s population increases a little more than 1.2 per cent per year, and immigration accounts for about two-thirds of that increase. Canada welcomed 271,662 new permanent residents in 2015 in addition to hundreds of thousands of international students and temporary workers, and Statistics Canada projects that immigration will continue to be a key driver of population growth in the future.

    All of those people translate into big potential business for banks, and the major banks across Canada are vying for a piece of that booming market.

    “The bankable population might be a quarter of that, with four people per household,” says Puneet Mann, Director of Branch Customer Experience & Multicultural Banking at Scotiabank of the total number of new immigrants per year. Sponsoring “financial education” events within a targeted community has been identified as one of the most effective ways to connect with immigrant groups, and can position a bank as a community supporter and build brand trust.

    Read More »from Banking on new immigrants for growth
  • Beau’s Brewery is celebrating its tenth birthday by selling the company to its employees starting next month.

    When Steve Beauchesne and his father Tim launched the Vankleek Hill, Ont. brewery in 2006, there were 86 breweries across Canada. Today there are more than 500, according to Beer Canada. And while some of those breweries that have started out as independent have been snapped up by mega-brewers like Toronto’s Mill Street Brewery which was bought by Labatt (which is part of beer giant Anheuser-Busch InBev), Beau’s wants to keep its independence.

    “Our success during this time is strongly rooted in the support of our employees and fans, who have always believed in our promise,” said Beauchesne in a press release announcing the Employee Share Ownership Plan (ESOP). “By handing the reins over to our employees we are saying this changes everything, because this change is everything – we look forward to our expansion and success across Canada, with the help of our new company

    Read More »from When you should let your employees own your company
  • Ontario is hitting the gas pedal on adoption of the electric car, but in order to meet the government’s aggressive goals, consumers and industry will have to accept some big changes, according to experts.

    The provincial government’s $7 billion climate-change strategy, leaked this week in The Globe and Mail, lays out $285 million in electric vehicle (EV) incentives, including up to $14,000 on each car purchased, as well as cheap power and a pledge to build charging stations. The goal is to have 12 per cent of all vehicle sales to be electric by 2025, compared to the current levels of a fraction of one per cent.

    But don’t expect to be fighting lineups down at the Tesla dealership just yet, say analysts.

    “Believe me, I would love to see more electric cars as much as everyone else, but 5 per cent by 2020 and 12 per cent by 2025… I think it’s a tad unrealistic,” says Kumar Saha, aftermarket research manager at consulting firm Frost & Sullivan.

    Predictably, environmentalists are largely

    Read More »from Ontario’s focus on electric cars a challenge for auto industry
  • The Payoff: 7 smart ways to save on your wedding

    Weddings shouldn’t bankrupt the bride and groom. I’ve got some great tips on how to save on your big day this week on The Payoff.

    Use a decoy cake. I’ve talked to a lot of brides about the cake. A lot. And they all tell me that at 6 bucks a slice, it’s a big waste of money. Instead, buy a smaller, fancy cake for cutting. Then order a large, no-frills sheet cake to cut up in the kitchen for guests.

    Go digital. For $40, I signed up for an app called Appy Couple. It sounds corny, but it’s actually saving us a ton of cash. We don’t have to spend money on RSVP cards because people can RSVP directly on the app or the free website that comes with it. There is a bunch of other wedding planning apps and websites out there if you’re tech savvy.

    Choose whatever flowers are in season. Getting married in October? Don’t go for June or blooms like daisies or orchids. You’ll save a lot by choosing flowers that are already in abundance during your wedding season.

    Better yet, buy your flowers

    Read More »from The Payoff: 7 smart ways to save on your wedding
  • How would you like to spend a night with the stars overhead and the City of Light all around you?

    Vacation rental-home service Homeaway is giving away the chance to spend an evening in a custom-built apartment inside the Eiffel Tower during the UEFA Euro 2016, which is being held in France over the span of a month starting on June 10.

    “We present this unprecedented Eiffel Tower history-making adventure, guaranteed to provide the most epic vacation memories of a lifetime,” said Brian Sharples, cofounder and CEO of HomeAway, in a press release.

    The contest will have four winners, and up to five additional guests, who will stay in the accommodations on first level of the nation’s most iconic monument, during four separate evenings at the end of June and the beginning of July. 

    HomeAway says the winners will be making history as the first people to ever sleep inside the Eiffel Tower. 

    It has enlisted French interior designer Benoit Leleu to create the temporary living quarters, which will

    Read More »from Spend the night in a ‘custom-built’ apartment in the Eiffel Tower
  • After growing up just blocks away in Toronto's Forest Hill neighbourhood, Drake is moving on up to the swanky Bridle Path neighbourhood, which has been home to famous faces like media mogul Conrad Black, the late musician Prince, and Robert Herjavec of "Dragon's Den" fame.

    Aubrey Drake Graham has filed plans with the City of Toronto to build a 21,000 square foot mansion, applying for extensions to the current zoning bylaws in order build his vision, which includes an indoor pool and basketball court.

    The Globe and Mail reports that the plans on file with the city includes several other luxurious elements, like a bar with "chilled wine" and "chilled champagne" chambers on either side, and a jersey museum, presumably to show off some of the swag obtained while representing the Toronto Raptors as their Global Ambassador.

    Other proposed features include a gym, a hot tub beside the pool in front of a projection television, a spa and tub retreat with massage room, and covered terrace on the

    Read More »from Drake plans luxurious new home in Toronto's Bridle Path neighbourhood
  • When it comes to tying the knot, everyone knows that nuptials run up a hefty tab. In Canada, depending on which province you live in, the actual cost of a wedding can come in as low as a meager $300, since all you need is a basic license and someone to marry you. Everything else is technically extra. But oh, those extras… By the time you factor in extravagant venues, music, flowers, dresses, a honeymoon and the like, the average Canadian couple now spends just over $30,000 on their big day.

    That doesn’t take into account, however, the out-of-pocket costs for those attending such luxurious affairs. As a guest you’re expected to spend a certain amount of money on watching a friend or family member on the happiest day of his or her life — not to mention the engagement parties, bridal showers and bachelor/bachelorette weekends that have become increasingly part of the equation. If recent numbers are any indication it’s all beginning to take a massive toll on the old savings account.


    Read More »from What it realistically costs to attend a wedding
  • This year, I’m buying my first home.

    It’s a goal that was planned over three years ago, when my fiancé and I said goodbye to our gorgeous 700 sq. ft., 18th floor Yonge and Eglinton apartment with sweeping southern views of Toronto. We traded that in and said hello to a basement apartment with soyoothing sounds of the subway rattling by. We also embraced staying in on the weekends, holding up lines in the name of couponing and making our own wine at only $3 a bottle. With a budget set and goals to meet, our dreams slowly began taking shape while living a less than idyllic life in The 6ix.

    We began the journey to home ownership in over our heads and about $70,000 in the hole. Student debt and having too much fun had caught up with us, and we were drowning. This is not unlike most people in their mid-twenties, and I for one had accepted that I would always carry debt and would never be able to afford any sort of down payment. Such is life. Until one day, it hit me: I want to grow up.


    Read More »from From $70K in debt to $50K in savings: How I saved for my first home
  • These might actually be the best jobs in the world

    Have you ever dreamed just packing it all in and going and getting a fun job somewhere abroad?

    For some inspiration, FloridaTix has created a list of some of the more awesome jobs you can find elsewhere on the planet.

    From a dog surfing coach to lego sculptor, some of the most unlikely and unusual jobs, really do exist.

    RELATED: Tasmania's 'Chief Wombat Cuddler' is the job of your dreams

    RELATED: This Guy Quit His Job to Travel the World

    Could you have all the hidden qualities that would make an amazing roller coaster engineer, or one of the world’s leading ice-cream tasters?

    Check out the infographic – which includes the requirements and salary for each role – and dream about these enviable jobs.

    Read More »from These might actually be the best jobs in the world
  • Janelle McGlothlin, Joanna McFarland and Carolyn Yashari Becher know firsthand the struggle involved with getting their kids to and from school and extracurricular activities.

    Between them they have eight children and it was a “constant” battle getting them to activities such as soccer, karate, tennis and dance.

    That’s when the three of them decided to create HopSkipDrive, a ride-hailing app similar to Uber but aimed to help ease some of that burden and hoped meet parents’ justifiably high safety expectations. 

    Uber does not provide rides to users under the age of 18, unless they are accompanied by an adult.

    “We knew that we were solving a problem that is a major pain-point for families on a daily basis,” Janelle McGlothlin, co-founder and CMO of HopSkipDrive, told Yahoo Finance Canada by email.

    “Every parent wants the best for their kids. They want to give them all the opportunities they deserve, but sometimes transportation is the hurdle.”

    The service launched in Los Angeles, Calif.

    Read More »from This 'Uber for children' promises to give kids a safe ride to school, activities
  • “Save your country, eat three more pounds of cheese!”

    It’s a rallying cry every American needs to get behind if they want to consume the country’s surplus of the good stuff. 

    With America’s dairy industry expected to produce a record 212.4 billion pounds of milk this year – the most, ever – that overflow is funneling towards cheese makers who have clinched their own record: 1.19 billion pounds of cheese in commercial cold storage.

    Unfortunately, as attractive as guilt-free patriotic cheese munching sounds to our neighbours to the south, that surplus could spell trouble for Canada’s dairy farmers, says Sylvain Charlebois, dean of the faculty of management and professor in food distribution and policy at Dalhousie University.

    The potential issues centre around something called diafiltered milk, a U.S. protein used as a stand-in for milk in cheese. On the one hand, the Canadian Border Services Agency classifies diafiltered milk as a protein ingredient, whereas the Canadian Food

    Read More »from American 'cheese glut' could impact Canada's dairy farmers
  • It’s a big week for Canadian space-heads. Not only has the International Space Station just completed its 100,000th loop of the earth, the Canadian Space Agency also announced David Saint-Jacques as the country’s next representative aboard the ISS in 2018.

    Canadians have played an active role since the ISS was launched in 1998, contributing the Mobile Servicing System (MSS) – a group of robo-buddies – comprised of the awkwardly named 17-metre Canadarm2; Dextre, the ISS’s two-armed robotic “handyman;” and a moveable work platform and storage facility without a cool name that just goes by “The Mobile Base” – who built the station in space, module by module.

    And our aspirations of space exploration have continued to pay off.

    The Canadarm2 is pictured in this handout photo taken by Canadian astronaut Chris Hadfield. (Reuters)The Canadarm2 is pictured in this handout photo taken by Canadian astronaut Chris Hadfield. (Reuters)

    The Canadian aerospace industry contributed more than $29 billion to the country’s GDP in 2014, employing 180,000. To put that in perspective, the forestry sector contributed less at $20.81 billion, around 10 per cent of the Canada’s GDP that same year.

    But how much

    Read More »from What Canada is spending for its continued role in space exploration
  • Revenue Quebec has apologized for confusion over its online forms that saw many Quebecers, who believed they were owed a tax credit, slapped with bills of more than $500.

    According to CJAD, the issue stems from the province’s solidarity tax credit, which was introduced five years ago to help people with low and middle incomes cope with their housing expenses and provincial sales taxes.

    But Revenue Quebec has received hundreds of calls recently, many of them signaling that they had received a bill instead of a tax credit, according to the Montreal radio station.

    The provincial tax authority initially thought the issue had resulted from a technical glitch, but Stephane Dion, a spokesman with Revenue Quebec, told CJAD on Tuesday that it had likely been caused by confusion with its online forms.

    “It’s not a software or technical problem. We believe our form is too complicated – even tax people don’t really understand it,” he said. “We have to fix it.” 

    As a result, many Quebecers were

    Read More »from Complex forms result in bill — instead of credit — for many Quebecers
  • NASA releases amazing time-lapse footage of Mercury's rare transit of the sun

    A rare celestial even occurred last week when Mercury passed between Earth and the sun and the guys NASA captured some spectacular footage.

    The smallest planet in the solar system appeared as a small black dot with Earth’s nearest star as its backdrop - this won't happen again until 2019.


    The smallest recognised planet in the Solar System, Mercury completes an orbit every 88 days and passes between the Earth and the Sun every 116 days.

    RELATED: Australia like you have never seen before: 9 photos from space

    But its orbit is tilted in relation to Earth's, which means it usually appears - from our perspective - to pass above or below the sun.

    RELATED: You won’t believe these views of the northern lights from space

    NASA and astronomy organisations provided virtual ringside seats for the show by live-streaming images of

    Read More »from NASA releases amazing time-lapse footage of Mercury's rare transit of the sun
  • A Lexus version of a Google Self Driving car is shown in Moutain View, California, U.S., April 8, 2016. REUTERS/Alexandria SageA Lexus version of a Google Self Driving car is shown in Moutain View, California, U.S., April 8, 2016. REUTERS/Alexandria Sage

    How’s getting paid US$20 an hour to sit behind the wheel of one of Google’s self-driving cars  but not drive unless absolutely necessary  sound?

    Well, if that’s music to your ears, you may be in luck. The tech giant is hiring vehicle operators as part of its tests in the Phoenix, Ariz., area on its self-driving car project, according to The Arizona Republic.

    The new hires will be responsible for “operating” the company’s autonomous Lexus SUVs for six to eight hours a day, five days a week. They will work in teams, with one person behind the wheel ready to take over in case of an emergency and another sitting shotgun typing notes on a laptop.

    Besides keeping an airtight lid on all the project’s details, the jobs requirements are relatively low.

    ALSO READ: Startup wants to put self-driving big rigs on US highways

    The self-driving vehicle operators are expected to have a bachelor’s degree, no criminal history, a clean driving record and the ability to type at least 40 words per minute.

    Read More »from Get paid to not drive a Google autonomous car

    Science fiction has been predicting the popularization of the flying car for decades: from Chitty Chitty Bang Bang, George Jetson’s flying-saucer shaped aerocar, to airspeeders in the Star Wars franchise.

    And a German startup is the latest company hoping to bring that dream to reality.

    Lilum is promising to rollout its fully electric, ultralight, two-seater, personal jet by January 2018.

     The egg-shaped plane is said to combine the benefits of helicopters and fixed-wing aircraft, in that it will be able to take off and land “from almost anywhere,” because it will require an open and flat area of just 15 metres by 15 metres.

    “Our goal is to develop an aircraft for use in everyday life,” Daniel Wiegand, one of the company’s four founders and CEO, said in a press release.

    “We are going for a plane that can take off and land vertically, and does not need the complex and expensive infrastructure of an airport.”  

    Although the Lilum Jet takes off and lands like a helicopter, it uses

    Read More »from Flying cars? This German startup hopes to get users up in the air by 2018
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    With the arrival of luxury department stores Saks Fifth Avenue and Nordstrom and other high-end U.S. chains, Canadian malls may be starting to look a bit more American. However, competition in the Canadian retail space is fierce, and these retailers may soon find out that arriving in Canada is one thing, but staying for the long haul is another. 

    Like Target learned the hard way, there are several complexities unique to the Canadian market that make it far different from opening a store in a new state. Missing the mark on one or a few of these could create a stumbling block that may be hard to recover from.   

    “Savvy retailers are doing what I’ve been calling a ‘measure twice, cut once’ approach,” Michael LeBlanc, senior vice president, marketing and digital retail for the Retail Council of Canada, tells Yahoo Canada Finance. “On the outside, Canada looks like the U.S. from a consumer market, but it’s not. It has a number of different elements to it, regulatory, consumer

    Read More »from American retailers are invading high-end Canadian malls
  • Workers walk past the site of an upgrade at the Shell Albian Sands oilsands mining facility near Fort McMurray, Alta., on July 9, 2008. THE CANADIAN PRESS/Jeff McIntoshWorkers walk past the site of an upgrade at the Shell Albian Sands oilsands mining facility near Fort McMurray, Alta., on July 9, 2008. THE CANADIAN PRESS/Jeff McIntosh

    Much has been made of the recent commentary from BMO chief economist Douglas Porter highlighting the fact that Vancouver and Toronto – which collectively account for 25 per cent of jobs in Canada – were the sole workhorses responsible for the country’s employment gains last year.

    But if Statistics Canada’s Job Vacancy and Wage survey for the fourth quarter of 2015 is any indicator, just because oil is down, doesn’t mean Alberta takes a back seat in the job growth department.

    “British Columbia has been one of the strongest economies over the last four or five years,” says Mike Moffatt, an economist and assistant professor at Western University’s Ivey Business School. 

    “But one of the other surprising things is that Alberta is still up there, as far as job vacancy, despite everything that has gone on in the oil and gas sector – they’re still above the Canadian average.”

    Throughout the 76 economic regions in Canada, Banff–Jasper–Rocky Mountain House, Alberta, boasted the highest job

    Read More »from Toronto, Vancouver may be sole job generators for 2015, but don’t discount Alberta yet
  • In this May 19, 2010 file photo a sign for a Wisconsin Auto Title Loans store is seen in Madison, Wis. A new law will take effect at the start of the new year limiting payday loans to no more than $1,500 and banning loans secured by vehicle titles altogether. (AP Photo/Ryan J. Foley, File)In this May 19, 2010 file photo a sign for a Wisconsin Auto Title Loans store is seen in Madison, Wis. A new law will take effect at the start of the new year limiting payday loans to no more than $1,500 and banning loans secured by vehicle titles altogether. (AP Photo/Ryan J. Foley, File)

    The payday loan sphere was on the receiving end of a one-two punch this week with Google announcing a ban on “misleading and harmful” lending ads and Alberta proposing Bill 15, An Act to End Predatory Lending, which would bring rates from $23 per $100 borrowed down to a maximum of $15 per $100 borrowed – the lowest regulated payday loan rates in the country.

    Adam Fair, director of programs at financial-literacy focused charity Prosper Canada, says although it may seem like it’s happening all at once, the payday-loan sphere has been under heavy examination over the past few years.

    “It may be a useful service for some if they can use it in an effective way, but for too many people they’re getting into big trouble using payday loans because of the structure of (loans),” says Fair.

    Typically, payday loans offered by companies like Speedy Cash or Money Mart are lent for short periods, so the Criminal Code allows them to exceed the maximum 60 per cent annual interest rate. Some providers

    Read More »from Payday loans feel pressure from regulators but where can you turn when you need cash?


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