Toronto condo party likely to sober up in 2019, developers say

By Natalie WongBloomberg Tues., Dec. 18, 2018 After a three-year non-stop party, Toronto’s condo market is likely to settle down in 2019, some of the city’s biggest developers say. “I can’t, for a minute, imagine that we’re going to continue to see the increases that we’ve experienced,” said Jim Ritchie, More...

by SLPundit | Published 16 hours ago
By SLPundit On Tuesday, December 18th, 2018
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Statistics Canada reports manufacturing sales down 0.1 per cent in October

OTTAWA—Statistics Canada says manufacturing sales fell 0.1 per cent in October to $ 58.2 billion, a weaker report than economists expected. The decline came as sales in the wood product and primary metal More...

By SLPundit On Monday, December 17th, 2018
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GTA buyers behind 70 per cent house price increase in Hamilton area in past five years

By Mark McNeilThe Hamilton Spectator Mon., Dec. 17, 2018 Real estate prices in the Hamilton area have jumped by 70 per cent over the past five years largely because of the westward exodus of Greater Toronto More...

By SLPundit On Monday, December 17th, 2018
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Hydro One, Avista say Washington State regulator erred; request rehearing

Hydro One Ltd. and Avista Corp. have formally requested that the Washington Utilities and Transportation Commission reconsider its order denying approval of the $ 6.7-billion takeover of the U.S.-based energy More...

By SLPundit On Monday, December 17th, 2018
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Miniso’s Canadian business faces bankruptcy application, fraud accusations

By Tara DeschampsThe Canadian Press Mon., Dec. 17, 2018 Miniso’s Canadian operations are facing a court fight that could force newly-opened operations of the Chinese discount retailer into bankruptcy. According More...

By SLPundit On Monday, December 17th, 2018
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Canadian stocks hit lowest level since September 2016

Canadian stocks fell to their lowest close since September 2016 with every sector in the red, as crude prices settled below $ 50 (U.S.) a barrel for the first time in 14 months. The S&P/TSX Composite Index More...

By SLPundit On Monday, December 17th, 2018
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Industrials sector weighs on Toronto stock market, U.S. markets mixed

Canada’s main stock index again set a new more than two-year low as the influential energy sector was hurt by the price of oil dropping to its lowest level since the fall of 2017. The S&P/TSX composite More...

By SLPundit On Monday, December 17th, 2018
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Why you might want to avoid the mall at 2 p.m. this Friday

It’s beginning to look a lot like a record-breaking holiday shopping season, with both stores and online retailers posting very merry sales. On the heels of Canada’s most profitable Black Friday yet, More...

By SLPundit On Monday, December 17th, 2018
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The Trans Mountain expansion will struggle for years—even if it gets the green light in 2019

If Trans Mountain had agreed to a two-kilometre detour for its planned 980-km pipeline expansion project, the Coldwater Indian Band might have been fine with it. It would have moved the risk of a bitumen spill More...

By SLPundit On Monday, December 17th, 2018
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CIBC shrinks event after Whistler tries to bill oil firm for climate change

By The Canadian Press Mon., Dec. 17, 2018 WHISTLER, B. C.—The ski resort town of Whistler, B.C., is learning that getting involved in the fight between environmentalists and oil companies can result More...