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It's a financial jungle out there – decoding stock market terms

Posted on 16 October 2020

(NC) Keeping up with financial markets can sometimes feel like a visit to the zoo. To help you navigate business news with confidence, RBC Direct Investing put together a cheat sheet of animal-related terms for investors. Bulls and bears Here's the gist: bull is a reference to the way bulls attack, horns up. Bears, on the other hand, attack by drawing their paws down ...

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Mi’kmaw treaty rights, reconciliation and the ‘rule of law’

Posted on 26 September 2020

On September 17, 1999, the Supreme Court of Canada (SCC) issued its decision in the R. v. Marshall case, confirming that the treaties of 1760-61 protect the Mi’kmaw right to hunt, fish, gather and engage in commercial trade. Yet, 21 years later and successive federal and provincial governments in Mi’kma’ki (Atlantic Canada) have failed to fully respect or implement the right ...

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Basic income is on the table in Canada. Is it the fight we want?

Posted on 26 September 2020

While the pandemic economy is far from behind us, the Canada Emergency Response Benefit (CERB)—Canada’s chief unemployment benefit—is soon coming to an end. Many on the left have since begun actively refusing a post-CERB world, calling instead for its extension, or, most recently, its conversion into a universal basic income (UBI). This call has taken on new significance following ...

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Political openings: Class struggle during and after the pandemic

Posted on 26 September 2020

For some on the left, the economic breakthrough brought on by the pandemic was the general consensus, not least among economists, for an astonishing increase in fiscal spending. Relative to the economy’s size, the stimulus introduced so far in the US is already double (in Canada triple) what it was during the 2008-09 crisis, with more to come. And the stimulus in that earlie ...

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Toronto's new street food stall is so popular Jagmeet Singh stopped by for a taste

Posted on 23 September 2020

Jagmeet Singh is a busy man, and when he works up an appetite he visits some truly choice local spots in Toronto. The latest one he hit up just this past weekend was Chef Harwash at Market 707 on Dundas West, which in its own words is "bringing 110 years of Damascene food to the 6ix." Photographic evidence of the encounter was posted to the Chef Harwash Instagram page. The market stall ...

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This is the cheapest house you can buy in Toronto right now

Posted on 23 September 2020

Small, rustic and awkardly laid out on a triangle-shaped corner lot, the cheapest house for sale in Toronto right now will cost you $500,000. That's roughly the same price as an eight-acre forest estate in Monetville, a heritage home with six bathrooms in Powassan, a literal mansion near Sudbury or a "junior one bedroom" condo in downtow ...

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RBC online banking, trading inaccessible due to 'technical issues'

Posted on 23 September 2020

TORONTO (Reuters) - Royal Bank of Canada's <RY.TO> online banking and retail trading platforms, as well as its telephone support system, have been down since Monday morning, with users receiving error messages attributing the failures to "technical issues." Irate clients of Canada's biggest bank took to Twitter to complain about their inability to access their accounts, ...

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Prices of new homes in Canada jump the most in three years as lumber costs rise

Posted on 23 September 2020

Canadian new home prices recorded their sharpest one-month gain in three years with higher demand and rising costs for building materials. Prices rose 0.5 per cent in August, Statistics Canada said Monday in Ottawa. That’s the biggest increase since May 2017. Gains were recorded in most of the country’s big metropolitan centres. The data are consistent with other indicators s ...

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With CERB winding down, Ottawa starts tinkering with an engine of the economic recovery

Posted on 23 September 2020

If the federal government isn’t careful, its decision to wind down the Canada Emergency Response Benefit could deal a blow to people’s livelihoods and blunt the country’s economic rebound from the COVID-19-caused downturn. The $2,000-a-month CERB — which, on Sept. 27, Ottawa will start transitioning recipients away from, bringing in a “simplified” Employment Insuranc ...

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Toronto and Vancouver now joined by two more Canadian cities with 'overvalued' homes

Posted on 23 September 2020

Overvalued homes continue to be a feature of Canada’s largest cities during the second quarter as the pandemic bit into the number of houses entering the market, according to the country’s largest public mortgage provider. And other Canadian cities are also seeing home prices heat up. “There was sharp pullback in new listings and resulting low levels of inventory,” the C ...