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Finance

The Week Ahead

Posted in Communications, Employment, Finance, Housing, Industry Trends, Newsworthy

The Week Ahead

Tuesday, September 4 -Notable earnings: Laurentian Bank -Notable data: ISM U.S. manufacturing index, U.S. construction spending -Bank of England Governor Mark Carney speaks at hearing on inflation report  -Automakers report monthly sales Wednesday, September 5 -Notable earnings: Alimentation Couche-Tard -Notable data: Canadian trade balance, Canadian labour productivity, U.S. trade balance -Bank of Nova Scotia holds financials summit (Brian Porter at 0900, Victor Dodig at 0935, Dave McKay at...

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“Canada Just Got Played”: How Mexico Stabbed Canada In The Back

Posted in Bylaws / Regulations, Communications, Development, Employment, Finance, Industry Trends, Legal, Newsworthy

“Canada Just Got Played”: How Mexico Stabbed Canada In The Back

In what was the biggest economic news of the day, Donald Trump concluded bilateral trade negotiations with Mexico, a deal which he called the US-Mexico Trade Agreement (profiled previously) and which will replace the trilateral NAFTA which has – for now at least – been scrapped until Canada also comes to the negotiating table and hammers out an agreement with the US (read: concedes), from a position of weakness and virtually no negotiating capital. There were some odd twists in the...

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Alberta projects deficit drop of $1B in first-quarter update

Posted in Bylaws / Regulations, Communications, Development, Employment, Finance, Housing, Industry Trends, Legal, Legislation, Newsworthy

Alberta projects deficit drop of $1B in first-quarter update

Alberta’s finance minister says the court decision putting the Trans Mountain pipeline expansion in legal limbo won’t affect the long-term plan to rid the province of red ink by 2024. Joe Ceci says the province is relying on revenues not just from the Trans Mountain expansion but other pipeline projects as well, such as the Line 3 expansion from Alberta to Wisconsin and the Keystone XL line to the U.S. Gulf Coast. “There are a number of assumptions, not just (Trans Mountain.) We...

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Municipal Election Up-Date!

Posted in Bylaws / Regulations, Communications, Finance, Industry Trends, Legal, Legislation, Newsworthy, Tax Law

Municipal Election Up-Date!

Ontario is in the midst of municipal elections to be held on October 22, 2018.  There have been a number of changes to the Municipal Elections Act that impact landlords, condominium corporations and co-operative housing. Campaign provisions have been clarified to allow candidates to access apartment buildings, condominiums, non-profit housing co-ops or gated communities from 9 a.m. until 9 p.m. in order to campaign. Importantly, landlords, condominium corporations and co-ops will not be...

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Trump slams Canada’s ‘decades of abuse’ after NAFTA talks stall

Posted in Bylaws / Regulations, Communications, Development, Employment, Finance, Housing, Industry Trends, Legal, Legislation, Newsworthy

Trump slams Canada’s ‘decades of abuse’ after NAFTA talks stall

President Donald Trump slammed what he termed “decades of abuse” by Canada with a new threat to terminate the North American Free Trade Agreement, a day after talks with the U.S.’s northern neighbour stalled hours before a deadline. “There is no political necessity to keep Canada in the new NAFTA deal. If we don’t make a fair deal for the U.S. after decades of abuse, Canada will be out,” Trump said on Twitter on Saturday. “Congress should not interfere w/these...

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Second Cup May Turn Ontario Cafes Into Cannabis Stores

Posted in Bylaws / Regulations, Communications, Employment, Finance, Health & Safety, Industry Trends, Legislation, Newsworthy

Second Cup May Turn Ontario Cafes Into Cannabis Stores

The Second Cup Ltd. says it is actively reviewing locations in Ontario for potential conversion to cannabis retail stores in light of policy changes in the province. The company’s announcement comes after Ontario’s Progressive Conservative government said it would allow private retailers to sell recreational marijuana starting next April. Second Cup had announced a partnership with marijuana clinic operator National Access Cannabis in April to potentially convert coffee shops to...

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Ransomware Exposed: What it is and How it Works

Posted in Communications, Finance, Industry Trends, Newsworthy, Security, Technology

Ransomware Exposed: What it is and How it Works

Ransomware has become an undeniable threat to business growth, profitability and security. It’s a ruthless type of malware that locks your keyboard or computer to prevent you from accessing your data until you pay the ransom, which is usually demanded in untraceable Bitcoin. Cyber criminals are turning this type of attack into big business, raking in billions each year as many businesses have no choice but to pay up. How does ransomware get into the network? Surprisingly, it’s NOT those random...

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Poloz Says Digital Revolution Warrants Caution on Rate Increases

Posted in Appraisal, Bylaws / Regulations, CMHC, Communications, Employment, Finance, Housing, Industry Trends, Newsworthy, Real Estate Law, Tax Law

Poloz Says Digital Revolution Warrants Caution on Rate Increases

The vast deployment of digital technologies around the world may be boosting productivity more than current statistics are measuring, giving policy makers another reason to be careful with interest rate increases, the head of Canada’s central bank said. The possibility that economies have more capacity to grow without fueling price increases may be one of the reasons inflation has remained lower than expected over the past five years, Bank of Canada Governor Stephen Poloz said in prepared...

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Trump auto tariff threats hinder push for NAFTA deal

Posted in Appraisal, Bylaws / Regulations, Communications, Employment, Finance, Industry Trends, Legislation, Newsworthy, Tax Law

Trump auto tariff threats hinder push for NAFTA deal

U.S. President Donald Trump’s plans to punish carmakers who produce vehicles outside the U.S. and sell them to Americans are hindering his administration’s efforts to close the deal on a new NAFTA this month. Among the sticking points emerging during this week’s discussions in Washington between the U.S. and Mexico toward a renewed North American Free Trade Agreement is a proposal by the administration to increase the tariffs on cars imported from Mexico that don’t meet stricter new content...

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FRPO: Nashville Housing Tour

Posted in Communications, Development, Events, Finance, Housing, Industry Trends, Newsworthy

FRPO: Nashville Housing Tour

Join FRPO as we head to Music City on October 17th and 18th. This popular event is proudly sponsored by Wyse Meter Solutions. This year’s tour will consist of a networking event on the evening of October 17th followed up by a the full day tour on the 18th including 3-4 unique Nashville apartment communities. This is a don’t miss event. This event provides our attendees the opportunity to mingle with other  members including landlords and suppliers while learning about the latest trends in the...

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