Know your tolerance for a market downturn and stay calm when it hits: experts

Know your tolerance for a market downturn and stay calm when it hits: experts
TORONTO — Nobody can predict with accuracy when stock markets will end their record-setting bull run, but the best way for investors to deal with the next downturn is to remain calm and stick to a well-crafted plan. The current U.S. bull market became the longest on record as of Aug. 22, 2018, prompting many market observers to wonder when the party will come to an end. “The... Read More

Local governments should get 40 per cent of B.C.’s pot revenue: advocacy group

Local governments should get 40 per cent of B.C.’s pot revenue: advocacy group
VANCOUVER — The advocacy group for local governments in British Columbia wants the provincial government to fork over a 40 per cent share of its marijuana tax revenue when the drug becomes legal. The Union of B.C. Municipalities has tabled a resolution asking the provincial government to provide local governments with $50 million of the projected provincial cannabis excise tax revenue of... Read More

What now for the Trans Mountain Pipeline?

What now for the Trans Mountain Pipeline?
The Canadian government is two options after the Federal Court of Appeal on Thursday quashed the approval of the $7.4 billion Trans Mountain Pipeline expansion on the basis that Canada’s efforts to meaningfully consult with indigenous people fell short. Soon after the Appeal Court’s ruling was announced on Thursday, shareholders of Kinder Morgan Canada  voted overwhelmingly to approve the sale of... Read More

Average workers will ultimately pay B.C.’s new payroll tax

Average workers will ultimately pay B.C.’s new payroll tax
Health tax will reduce wages and job opportunities, and further erode the province’s investment climate B.C. Finance Minister Carole James called Medical Services Plan (MSP) premiums “unfair” and argued in a news release that her government’s replacement Employer Health Tax (EHT) is a “much fairer and progressive approach.” More broadly, Premier John Horgan government’s rhetoric about the new tax suggests... Read More

Ontario pot supply decision a big opportunity for smaller producers

Ontario pot supply decision a big opportunity for smaller producers
TORONTO — Ontario’s cannabis supply agreements could be a boon for smaller producers who will have digital shelf space alongside the sector’s dominant players, which have inked distribution agreements with other provinces but are making sure to earmark supply for the country’s biggest potential pot market. Several marijuana stocks saw a slight lift Tuesday, one day after the Ontario Cannabis Store announced its initial... Read More

Canadians increasingly putting the ‘remote’ in working remotely

Canadians increasingly putting the ‘remote’ in working remotely
MONTREAL — The telecommuting revolution envisioned by futurists, in which vast numbers of workers eschew their daily commute in favour of working remotely from home, never quite turned out as predicted. However, a growing number of Canadians are taking the term “working remotely” literally, leaving the hustle and bustle of city life behind to work from their cottage or winter home down... Read More

Equalization hurts every Canadian

Equalization hurts every Canadian
It’s time to get past political posturing and regional protectionism and reform the national equalization payment program National debates on the federal equalization program have been marked by conflict, obscure technical jargon, little research on the impact of the program and excessive vitriol. But we get no closer to fixing the problem. It’s time for equalization reform. Many Canadians have... Read More

Proposed pot swag ban makes it harder to compete with illicit pot: producers

Proposed pot swag ban makes it harder to compete with illicit pot: producers
TORONTO — A proposed ban on the use of cannabis brand elements on T-shirts and other swag would make it more difficult to stamp out the black market after legalization and have “significant” unintended consequences, licensed producers said Monday. The Senate is set to make a final vote Thursday on an amended Bill C-45 before it goes back to the House of Commons for... Read More

Searching for daycare is an ordeal, but economists say don’t blame the market

Searching for daycare is an ordeal, but economists say don’t blame the market
Free market forces have given Canadians the ability to summon meals or cars at the touch of a button and demand a million dollars for an urban bungalow; but, as frustrated parents know all too well, the same forces haven’t solved the problem of finding childcare. The Canadian daycare market has a well-established surplus of demand, resulting in anxiety-inducing waitlists — joined as... Read More

Business group calls for lower tax rate for women-controlled companies

Business group calls for lower tax rate for women-controlled companies
OTTAWA — A cross-border council on women in business recommends that companies controlled by women should get lower tax rates. The Canada-United States Council for Advancement of Women Entrepreneurs and Business Leaders made the suggestion in a report released Wednesday that offered recommendations for how companies can better support women in business. The group interviewed investors, institutions, asset managers, pension funds and venture capital firms and found... Read More