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Canadians Hoarding Cash at Record Rate, New Report

Canadians Hoarding Cash at Record Rate, New Report

A new report suggests Canadians aren’t investing their hard-earned money. In fact, they’re holding a record $75 billion in extra cash and are saving money at unprecedented rates. The report by CIBC says Canadians are nervous about the markets and the economy. The $75 billion represents nearly 10% of the total value of personal liquid assets nationally. Read More »

Rogers Media to cut 4 percent of workforce, Report

Rogers Media to cut 4 percent of workforce, Report

One of Canada’s largest telecom companies is cutting 200 jobs, accounting for four per cent of its workforce, according to a memo to staff on Monday. Rogers Media cited reasons including, “significant pressures from a softening advertising market, fierce competition from global players, and shifting audience consumption habits.” Read More »

BuildDirect: Vancouver company offering employees unlimited vacation

BuildDirect: Vancouver company offering employees unlimited vacation

A Vancouver company is revamping its holiday policy, giving their employees unlimited paid vacation. BuildDirect, a Vancouver-based website that sells home improvement and building materials at wholesale prices, unveiled the plan earlier this week. “We ask people to deliver a lot of aggressive results and we feel like that needs to be balanced with taking a break,” said Heidi Rolston, ... Read More »

EQ Bank launched as “completely digital” bank, Report

EQ Bank launched as “completely digital” bank, Report

Equitable Bank, a subsidiary of Equitable Group Inc., today announced the launch of EQ Bank, a new completely digital way of banking. EQ Bank offers a seamless online and mobile banking experience, and will help Canadians reach their savings goals faster. EQ Bank’s first product, the EQ Bank Savings Plus Account, allows customers to pay bills, transfer money to friends ... Read More »

B.C. premier hints at relief in BC budget for high housing costs

B.C. premier hints at relief in BC budget for high housing costs

British Columbia’s high housing costs are on the government’s radar as it prepares to table its budget next month, but Premier Christy Clark is ruling out luxury or speculation taxes to cool Vancouver’s hot market. “We want to be really careful about unintended consequences,” says Clark. “But we’re thinking of a range of solutions…as we put together our budget, this ... Read More »

Toronto police investigating taxi scam (Video)

Toronto police investigating taxi scam (Video)

Detectives in Toronto believe a ring of crooked cab drivers has stolen dozens of bank cards from bleary, late-night riders and emptied their accounts over the past month. Since November, taxi drivers have allegedly used bogus debit machines to swipe data from a customer’s debit or credit card, then handed the customer a fake card that looked similar to their ... Read More »

Panasonic to buy US-based Hussmann for ‘$1.5 Billion’

Panasonic to buy US-based Hussmann for $1.5 Billion

Panasonic said Monday it would buy Hussmann, a US-based food refrigeration systems company, for $1.54 billion as part of its drive to expand in the US food retail sector. Missouri-based Hussmann, which would become a fully-owned subsidiary of Panasonic, makes and maintains refrigerated display cases used in supermarkets. “This agreement will allow Panasonic to expand its display case business and ... Read More »