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Wednesday , 29 March 2017

Monthly Archives: October 2016

Economic benefits will flow from closing gender wage gap, putting more women in leadership: report

Gender equality in the workplace is a complex, difficult issue, even when that workplace is the relatively pro-women Parliament of Canada. A year ago, the new Trudeau government introduced a cabinet in which half the ministers were female, despite women accounting for just 26 per cent of seats in the House. The prime minister famously explained the move by saying, “Because it’s 2015.” Today, a private member’s bill that would penalize political parties that do not run equal numbers of female and male candidates in general elections is likely to be defeated. The government does not support it. Why not? Because, among other reasons, it would discriminate against qualified candidates ... Read More »

Despite gender gap, obstacles, women are better with money: study

Here are some new statistics that highlight the severity of the gender gap in the housing market (US), while at the same time demonstrating that women are better money managers than men. Despite facing several very daunting financial challenges, including lower incomes, less purchasing power, higher rates of interest on loans, and the necessity of living in more dangerous neighbourhoods, women in the US outperform men financially in almost every instance. They are better at paying their mortgages, they have better credit scores, and they manage to save up bigger down payments when they plan to buy a home. A report from ATTOM Data Solutions, owner of RealtyTrac, found that ... Read More »

Toronto a tech powerhouse hampered by too-slow immigration and unaffordable housing

It is the kind of announcement that makes politicians and civic leaders deliriously happy. A major international company plans to set up operations in a certain city, bringing hundreds of high-skill, high-paying jobs to the local economy. In the latest case, the company is Thomson Reuters, which recently revealed its plans to establish a new technology centre in Toronto, bringing 400 and up to 1,500 jobs with it. So important was the announcement considered that it brought the prime minister, the Ontario premier, and Toronto’s mayor to the event. For these are not just jobs, in the ordinary sense of the word. These are jobs that will build tools and ... Read More »

Mortgage brokers want exemptions, changes to new eligibility rules

Canada’s mortgage brokers are hopeful that the minister of finance, Bill Moreau, will take heed of their concerns and recommendations regarding the new mortgage eligibility rules that went into effect today. The Canadian Mortgage Brokers Association (CMBA) issued a statement earlier this month expressing its concern that the new rules would disqualify many preapproved mortgage borrowers who had not yet bought a home, and “disproportionately” impact first-time buyers by limiting their mortgage qualification. The brokers are also worried that the new rules will reduce lender competition and harm consumers. Now, as reported in Mortgage Broker News, CMBA has had a meeting with the minister, having sent him a letter containing ... Read More »

Single-serve coffee pods, plastic water bottles among worst environmental offenders

Ontario is losing the battle to keep consumer waste out of landfill. Nine million tonnes of waste go to landfill every year, by the government’s own estimates. Only 28 per cent of Ontarians’ waste is diverted, well below the target of 60 per cent. The average Ontario family creates enough waste to fill “100 large garbage bags.” Plastic water bottles, single-serve coffee pods, plastic grocery bags and other packaging materials, paper towels, organic materials and electronics components are just some of the items that contribute to the huge volume of waste, some of it valuable, going to landfill. Despite industry claims that 70–75 per cent of plastic water bottles are ... Read More »

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