Friday , January 24 2020
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Canada

Canada’s Non-Bank Mortgage Industry More Than Triples Its Business

Canadian real estate sales and development soared, and so have mortgage credit needs. New data from Statistics Canada (Stat Can) shows non-bank credit intermediaries (NBCI) have seen explosive growth. Over the past decade, NBCI dealing with mortgages have more than tripled their assets. Mortgages: NBCIs, MFCs, And MICs Today we’re looking at NBCIs, something not well known outside of real ... Read More »

USMCA passes US Senate, awaits ratification in Canada

The U.S.-Mexico-Canada Agreement passed the Senate 89-10 Thursday, with the majority of lawmakers applauding improved labor, environmental and pharmaceutical enforcement provisions approved by the U.S. House of Representatives in December. Mexico has already ratified the treaty and Canada is expected to do so once its parliamentary session resumes in late January. “There is good reason for the broad support,” Sen. ... Read More »

Businesses more upbeat as trade tensions ease, Bank of Canada finds

Canadian businesses reported a slight increase in sentiment amid reduced concern about global trade conflict, according to a Bank of Canada survey. The Ottawa-based central bank’s fourth-quarter survey of executives found indicators of future sales like new orders have picked up, particularly outside of the energy sector. Employment intentions have also increased, along with signs of businesses running up against ... Read More »

U.S. collection of DNA at Canada, Mexico borders ‘hugely problematic

The United States’ decision to pilot a project to collect DNA from people in immigration custody at Canadian and Mexican border crossings is raising privacy concerns. The U.S. Department of Homeland Security announced the 90-day project Monday in a memo, saying it will begin in Texas and Michigan, but the plan is to expand it nationally. U.S. Customs and Border ... Read More »

No imminent ‘doomsday’ threat of AI, robots replacing Canadian

Top federal government officials believe there is no imminent threat that artificial intelligence and robots will displace large segments of the Canadian workforce, newly released documents show. In work done last year, federal experts found the likelihood of a “doomsday” scenario where automation eliminates half of Canadian jobs to be “overstated.” But officials warned there were early indications of challenges ... Read More »

Canadians arrested at airport for allegedly trying to smuggle 18 kilograms of marijuana

TORONTO — U.S. border patrol are reminding travellers that taking cannabis to the States remains illegal after two Canadians were arrested for allegedly attempting to smuggle nearly 18 kilograms of marijuana to Miami. A man and woman, both 20 years old, were leaving Toronto when $132,000 worth of marijuana was found in their checked baggage on Dec. 19. “Although the ... Read More »

At least 15 migrants brought ashore at Dover by Border Force

At least 15 suspected migrants have been brought into the port of Dover by Border Force Officials, Sky News can reveal. It comes after a co-ordinated search and rescue was carried out into a number of incidents off Kent, in a joint operation by HM Coastguard and Border Force. Sky News saw three boats arrive at the south coast port, ... Read More »

Digital citizen rights need to have teeth for Canada to succeed in data-driven economy

Over the past decade, the world has steadily been shifting from a resource-based economy to a data-driven one. This transition is having major effects on countries all over the world. In many jurisdictions, the digital economy represents a massive growth opportunity. But at the same time, the common thinking is that it also poses significant risks to citizens – commercialization ... Read More »

driving business growth for Canadian startups

Business Chief takes a closer look at UPS’ operations in Canada to support the growth of startups. Since 2014, UPS has been working with Startup Canada to support, promote and connect with Canadian entrepreneurs to provide advice and resources required to scale up. Working with organisations such as Startup Canada and Mompreneurs, UPS works to understand the needs of entrepreneurs ... Read More »

TikTok hiring country manager for Canada

It seems TikTok, the Chinese-owned social media company headquartered in California, is looking to make a move into Canada, following a job posting for a country manager for Canada on LinkedIn. The posting calls for an individual who can “build a world-class team and set the vision and strategy for the Canadian market on the Tiktok platform.” The country manager ... Read More »

The challenges facing former Bank of Canada governor Mark Carney

Christopher Neal was formerly communications adviser to the World Bank’s energy global practice. Mark Carney, recently tapped by United Nations Secretary-General Antonio Guterres to be UN Special Envoy for Climate Change, is no stranger to big challenges. As the former governor of the Bank of Canada, he managed to shield the country from the worst impacts of the 2008 financial ... Read More »

Bank of Canada wary of business investment surge that seems too good to be true

Earlier this week, New Look Vision Group Inc., Canada’s biggest seller of eyeglasses, bought a Miami-based outfit called Coco Lunette Holding LLC, which runs a dozen stores in swanky Florida locations such as Boca Raton and Naples. Not only was the acquisition the first in the United States for Montreal-based New Look, it was the first foray into the American ... Read More »

MBA Jobs In Canada You Should Move Your Career There

Canada is a rising force in business education and a healthy market for MBAs looking for jobs. With application growth driven by overseas students who are attracted by Canada’s bright careers prospects and relaxed visa rules, it’s one of the most popular places for business students to study. Here are six reasons you should consider a career in Canada. 1. ... Read More »

The December issue of Business Chief Canada is now live!

Business Chief Canada this month features Ontario’s Workplace Safety and Insurance Board (WSIB). Samantha Liscio, Chief Technology and Innovation Officer, reveals how the organisation’s digital transformation is improving the experience of customers. Liscio details what she considers to be the most significant transformation in WSIB’s over 100 year history, in the form of digitised services. “It’s getting rid of paper ... Read More »

Canada companies’ watchdog to press Trudeau for expanded powers

OTTAWA — The government agency set up to investigate claims of human rights abuses by Canadian companies abroad wants expanded powers, the head of the watchdog said, setting up a clash with the mining industry which has fought to limit its reach. Canada created the office in 2018 to monitor and investigate claims of abuses by Canadian firms operating abroad. ... Read More »

Montana seeks to keep feral pigs from Canada at bay

BILLINGS, Mont. — Officials in Montana are marshaling their resources and enlisting the public’s help to keep encroaching feral hogs from Canada at bay with a program called “Squeal on Pigs.” The campaign to prevent wild hogs from going hog wild in Montana was outlined at a conference hosted Friday by the Montana Invasive Species Council. It encourages people to ... Read More »

Customs Verifications (Audits): Planning To Succeed

Customs Verifications (Audits): Planning To Succeed1 – Part II The process of handling a customs verification can be an extraordinarily difficult undertaking for the uninitiated. Part I of this bulletin outlined how to prepare for a verification, what the government is looking for, the primary considerations for company counsel, and common issues that arise. Part II below discusses what happens ... Read More »

Canada Commences Expiry Review Of Carbon Steel Fasteners From China/Taiwan

the Canada Border Services Agency announced the start of the expiry review (Canada’s sunset review process) of the antidumping and countervailing duty order against carbon steel fasteners from China (AD/CVD) and Taiwan (only AD). The AD/CVD duties have been in effect since January 2005. We were involved in the original investigation and the expiry reviews. This is the third expiry ... Read More »

Barring Canadian inmates access to clean needles unconstitutional: activists

Barring drug-using federal prisoners from access to clean syringes puts them at risk for serious diseases and violates their rights, an Ontario court is set to hear. For two days starting Monday, prison and other activists are expected to make the case that Ottawa’s rules and policies around needles in prisons are unconstitutional. “The absolute prohibition on sterile injection equipment ... Read More »

Brookfield set to sail from $2b-plus Qld coal port

Canadian investment heavyweight Brookfield is seeking a buyer for its big coal port in Queensland. Street Talk can reveal Brookfield has hired investment bank Bank of America to auction the Dalrymple Bay Coal Terminal, which is one of the largest coal exporting ports in the world. It is understood Brookfield and Bank of America have booked meetings with potential buyers ... Read More »