Business

No evidence of Trump slump as travel between U.S. and Canada surges in January

Despite anecdotal reports of a slowdown of interest in travelling to the United States since the election of Donald Trump, official numbers out of Statistics Canada Monday morning showed Canadians’ visits to the U.S. surged to their highest level since 2015 in January, with 3.6 million trips. The figure was an increase of 7 per cent from December’s level, Statistics Canada reported. The numbers ...

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Peddling authenticity: Social media influencers undermine traditional ads

Cailli and Sam Beckerman are twin fashion bloggers who tend to start and finish each other’s sentences. The 36-year-old Beckermans have parlayed their eclectic style, like layering a Chanel dress over long johns, into a lucrative living. When they’re not at home in Toronto, the platinum blond sisters, whose over-the-top style makes them hard to miss, jet to one fashion event after another ...

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The tax perk for wealthy CEOs that will cost Canada $840M this year

It’s called the stock option deduction — a tax break for employees that critics say largely benefits wealthy corporate executives. According to the finance department, keeping this perk intact will cost Ottawa a projected $840 million this year. That’s one reason many critics would like to see the deduction eliminated. “It’s outrageous,” says Dennis Howlett with the advocacy group, Canadians for Tax ...

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‘Sell to them or you will lose your job’: Call centre employees for big banks reveal upsell pressures

No matter the reason a customer calls a bank’s hotline — online banking trouble, stolen credit card, bill discrepancy — call centre employees say their job could be on the line if they can’t sell the caller a new product or service. In emails to Go Public, past and present call centre employees for TD, RBC, BMO and CIBC (none from ...

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No Fixed Address: Stuck in your housing situation in Toronto? New proof it’s a ‘vicious circle’

The first time Jessica Whitehead and Sean Kosonic lost a bidding war on a home in Toronto they felt a little let down. But after countless other offers, they’ve reached a grim acceptance: they may never win. “Depressed isn’t the right word, but dejected,” Kosonic says. His partner echoes him quietly. “Sometimes we’re pretty discouraged.” Whitehead works as a teacher with the Toronto ...

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Uber’s turmoil continues as president Jeff Jones quits

Ride services company Uber Technologies Inc. has been thrust deeper into turmoil with the departure of company president Jeff Jones, a marketing expert hired to help bolster its reputation. Jones quit less than seven months after joining the San Francisco company, an Uber spokesman said on Sunday. The reasons for his departure were not immediately clear, but Jones’ role was ...

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Alberta oilsands production outlook bright despite gloomy headlines

The sell-off of Alberta oilsands assets by another big international player — along with big reserve writedowns, the introduction of a carbon tax and a stumbling crude price — all suggest a gloomy outlook for production from the world’s third-largest proven oil reserves. But Canada’s oilsands output is still expected to set new records in 2017 and climb even further ...

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Revenge of the comment section: Don’t blame the banks… entirely: Opinion

After a CBC Go Public investigation revealed shady sales tactics at TD bank — wherein employees admitted to pressuring and sometimes deceiving customers to reach unrealistic sales targets — workers from the other big four banks sent in over a thousand emails sharing similar experiences. Commenters largely agree that banks shouldn’t engage in these practices, but many point out that consumers also ...

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‘Free TV’ Android box dealers in court Monday to fight injunction blocking sales

The fully loaded Android TV box battle resumes on Monday. That’s when two box dealers take on Canada’s cable giants in the Federal Court of Appeal in Montreal.   The dealers are appealing an injunction blocking them from selling their boxes during a legal case targeting the business. Plaintiffs Bell, Rogers and Quebec’s Videotron won the temporary injunction in June. It’s ...

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G20 leaders drop pledge to fully oppose trade protectionism

The world’s top economic powers have dropped a pledge to fully oppose trade protectionism amid pushback from the U.S. government of President Donald Trump, who wants to favour American companies and workers more. Finance ministers at a Group of 20 meeting in Germany issued a statement Saturday that said only that countries “are working to strengthen the contribution of trade” ...

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