Business

Bringing back the bids: Real estate agency hopes housing auctions take off in B.C.

A B.C. real estate group is holding a rare public auction for property, looking to sell a two-bedroom unit in New Westminster.  Harcourts Canada will hold the auction, its first in Canada, on March 2.  CEO Harden Duncan says housing auctions provide full transparency, unlike the current method of buying and selling homes where potential buyers are left blind to other bids. ...

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Workplace rudeness happens all of the time, can have health consequences: study

Rudeness in the workplace happens a lot and can have serious effects — including health-related — on the victims, a new report says.  “It’s very frequent. It happens all of the time in the workplace,” Sandy Hershcovis told The Homestretch on Thursday. Hershcovis is the lead researcher on Targeted workplace incivility: The roles of belongingness, embarrassment, and power, a joint ...

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South Korean court OKs arrest of billionaire Samsung heir

A South Korean court approved on Friday the arrest of a billionaire heir to Samsung accused of bribery and other charges in connection to a massive corruption scandal. The Seoul Central District Court’s decision to issue a warrant to arrest Lee Jae-yong, 48, a vice-chairman at Samsung Electronics and the only son of Samsung chair Lee Kun-hee, makes him the ...

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BlackBerry sued by former employees

A class action lawsuit against BlackBerry alleges the Canadian smartphone software company denied former employees their termination entitlements by transferring them to a partner company and then giving them resignation letters. Law firm Nelligan O’Brien Payne LLP announced the lawsuit in a news release Thursday. According to the release, the class action lawsuit covers more than 300 employees who were ...

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MasterCard to reduce credit card fees for CFIB member businesses

MasterCard and the Canadian Federation of Independent Business have struck a deal to reduce credit card interchange fee rates for CFIB’s 109,000 member businesses. MasterCard’s interchange fees — per-purchase fees paid by retailers to the credit card companies that process their transactions — will be reduced from 1.44 per cent to 1.26 per cent for regular credit cards, effective April 3, a decrease of 12.5 per ...

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Ford Canada CEO says company not wavering from $700M investment in Ontario

Mark Buzzell, who took over the position in January, says Ford remains committed to the $700 million funding injection it promised last fall as part of a labour deal reached with Unifor. Some of the money will go towards Ford’s assembly plant in Oakville, Ont., and some of it to two engine plants in Windsor.

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TransCanada refiles application in Nebraska for Keystone XL pipeline route

TransCanada says it has refiled an application in Nebraska seeking approval for the Keystone XL pipeline route through the state, a hotbed of opposition to the project. The company says the application with the Nebraska Public Service Commission is the clearest path to achieving route certainty, adding that it expects a decision on its application by the end of the ...

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Snap Inc. IPO values company at $22B US

Snap Inc. is valuing the company at up to $22 billion US as it prepares for the tech industry’s biggest initial public offering in years. The parent company of the social network Snapchat said in a regulatory filing Thursday that the IPO is likely to be priced between $14 and $16 US per share. Had the IPO price matched the ...

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‘Let’s drop the pretence’: Toronto area housing market in a bubble, economist says

Housing prices in Toronto and surrounding cities are rising at a “fiery” rate not seen since the late 1980s, according to the chief economist at BMO Capital Markets. “Let’s drop the pretence,” Douglas Porter wrote in a commentary. “The Toronto market —  and the many cities surrounding it — are in a housing bubble.” “Everyone may have a slightly different definition of what ...

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