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Employment

‘Fantastically good’ Canadian economy shifts focus to rate hike

Posted in Appraisal, Bylaws / Regulations, CMHC, Communications, Development, Employment, Finance, Housing, Industry Trends, Newsworthy

‘Fantastically good’ Canadian economy shifts focus to rate hike

Canada’s economy is gaining strength instead of buckling amid a trade fight with the U.S. Exports rose to a record high in June even as President Donald Trump slapped tariffs on steel and aluminum, and gross domestic product expanded in May at its fastest clip in a year, according to data released this week by Statistics Canada. That has economists predicting second-quarter growth of more than 3 per cent and talking about the possibility of a second-straight rate increase from the Bank of...

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‘Shock and awe’: Life in Doug Ford’s Ontario

Posted in Appointments, Bylaws / Regulations, Communications, Development, Employment, Finance, Health & Safety, Housing, Industry Trends, Legislation

‘Shock and awe’: Life in Doug Ford’s Ontario

Doug Ford has wasted little time in his first month as premier of Ontario, leaving the business community to wonder whether a “shock and awe” approach can be sustained for his full term. The newly minted Progressive Conservative leader has kicked off his tenure at Queen’s Park by moving rapidly on a number of fronts – from carbon taxes to cannabis retail – Toronto city council and more. Every move thus far appears to have been designed to fulfill campaign promises to his supporters while...

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Canada cuts U.S., China out of talks on reforming global trade

Posted in Appointments, Bylaws / Regulations, Communications, Employment, Finance, Industry Trends

Canada cuts U.S., China out of talks on reforming global trade

Canada’s new Minister of International Trade Jim Carr has invited a dozen trade ministers to meet in October to discuss how to fix the World Trade Organization. But two countries have been left off the list: the U.S. and China. The goal is to “identify concrete and tangible ways the operation and function of the WTO can be advanced and improved over the short, medium, and long term,” Canada’s WTO Ambassador Stephen de Boer said in a phone interview. “The idea is that it is a discussion...

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Here’s what Trudeau’s new cabinet looks like

Posted in Appointments, Communications, Employment, Finance, Health & Safety, Housing, Industry Trends, Newsworthy

Here’s what Trudeau’s new cabinet looks like

Prime Minister Justin Trudeau unveiled a substantial cabinet shakeup Wednesday as he prepares his team for the next federal election. He shuffled a number of positions and added five new cabinet members. The prime minister also made some adjustments to current positions.   Here’s the complete cabinet list as it now stands. New ministers, those who have been shuffled   François-Philippe Champagne, Infrastructure and Communities Minister, previously Minister of International Trade Jim Carr,...

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Hydro One’s next CEO faces government risk, lower pay: Expert

Posted in Appointments, Communications, Employment, Finance, Industry Trends, Legal, Newsworthy, Professional Services, Utility Management

Hydro One’s next CEO faces government risk, lower pay: Expert

What should the new Hydro One (H.TO 1.79%) chief executive expect in their new role? According to one expert on executive compensation, the utility’s next leader should be prepared to run a company fraught with potential government interference and risk, a salary package below the industry standard – and the opportunity to run one of North America’s biggest electricity distributors during a period of intense consolidation. The abrupt retirement of former Hydro One CEO Mayo Schmidt and...

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New finance minister declares Ontario is ‘open for business’

Posted in Appointments, Appraisal, Bylaws / Regulations, Communications, Development, Employment, Finance, Housing, Industry Trends, Newsworthy

New finance minister declares Ontario is ‘open for business’

Ontario’s new finance minister wants to get the message out that the province is open for business. In his first television interview since being appointed Ontario’s finance minister, Vic Fedeli told BNN Bloomberg on Wednesday that he expects his new government to create a better investment environment in the province. “We are lowering corporate taxes, we are lowering small business taxes, we are lowering hydro costs, eliminating cap-and-trade,” Fedeli told BNN Bloomberg. “Those are all key...

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Trump’s Tariffs Will Hurt Canada More Than U.S.: Economist

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

Trump’s Tariffs Will Hurt Canada More Than U.S.: Economist

The Trump administration’s tariff threats have the potential to drive companies currently operating in Canada out of the country, the president of a Canadian automotive association said Tuesday. The United States has already imposed tariffs on the steel and aluminum industries and has threatened to impose a 25 per cent levy on Canadian-made autos. The tariffs could make Canadian-made products uncompetitive and add $6,000, $10,000 or more to the cost of a vehicle, said David Adams,...

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Doug Ford and Cabinet Sworn In

Posted in Appointments, Bylaws / Regulations, Communications, Employment, Finance, Health & Safety, Housing, Legal, Legislation, Newsworthy

Doug Ford and Cabinet Sworn In

Congratulations to Doug Ford, who was sworn in as Ontario’s 26th Premier earlier today.  The following Cabinet Ministers were also announced, and sworn in. FRPO looks forward to working with the new provincial government – with Premier Ford, Cabinet Ministers, Parliamentary Assistants, and all elected MPPs. As providers of rental-housing FRPO’s members have extensive experience and knowledge to share with the new government.  Working together we can stimulate much needed new supply and improve...

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Five things to watch for in the Canadian business world in the coming week

Posted in Communications, Employment, Finance, Housing, Newsworthy

Five things to watch for in the Canadian business world in the coming week

Five things to watch for in the Canadian business world in the coming week: High times Licensed marijuana producer Canopy Growth Corp. discusses fourth-quarter and year-end results on Wednesday. Shares in Canada’s largest pot company by market capitalization hit an all-time high last week as investors gear up for the federal legalization of cannabis in October. Housing report Canada Mortgage and Housing Corporation releases the Housing Market Insight report on Wednesday. In May, CMHC reported...

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Rosenberg: U.S. recession coming in 12 months, S&P 500 has peaked

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

Rosenberg: U.S. recession coming in 12 months, S&P 500 has peaked

The January high in the S&P 500 will prove to be the peak of the bull market and a U.S. recession may start in the next 12 months, said David Rosenberg, chief economist and strategist at Gluskin Sheff & Associates Inc. “Cycles die, and you know how they die?” Rosenberg told the Inside ETFs Canada conference in Montreal on Thursday. “Because the Fed puts a bullet in its forehead.” The S&P 500 reached a record on Jan. 26 and has since dropped about 4 per cent. The market is in a...

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