Canadians Racked Up $100 Billion In Credit Card Debt For First Time Ever And They’Re Not Done Adding To It


Wattpad chooses Halifax over Calgary for second HQ, citing Wexit and cuts to Alberta’s tech tax credits: The Logic



Concerns outlined in statement to Calgary Economic Development

Top tech gifts to give and get this holiday season: Larysa Harapyn



Tech expert Marc Saltzman on the top tech gifts from smart display to home alarm systems

Morgan Stanley cutting 2% of its workforce in uncertain global environment, CNBC: Reuters



The job cuts will hit technology and operations roles hardest

Canadians racked up $100 billion in credit card debt for first time ever and they’re not done adding to it: Colin McClelland



Brace yourself for more debt and delinquencies next year — particularly in the Western provinces

Canada preparing to slap digital giants with tax similar to what got France in America’s bad books: Reuters



3% tax on sale of online ads and user data

Nancy Pelosi, White House near handshake deal on new NAFTA, insiders say: Bloomberg News



Deal could be announced as early as today

Morneau moves to implement income tax cut for middle class: Bloomberg News



The measure would gradually raise the basic personal income tax deduction by about 20 per cent over the next four years

Alberta considers buying back bonds to smooth issuance as outstanding debt climbs: Bloomberg News



Alberta is seeing increasing borrowing costs, as the decline in oil prices and a pipeline bottleneck hurt corporate profits, putting a drag on its finances

Hudson’s Bay Co slams ‘flawed’ report that advises against plan to take retailer private: Bloomberg News



Shareholder vote pits HBC chairman Baker against private-equity firm Catalyst

Global financial watchdogs take aim at Big Tech’s data dominance amid creep into banking: Reuters



Financial Stability Board calls for 'vigilant monitoring' of shift, which could crimp banks' ability to generate capital through retained profits

Federal Reserve giant Paul Volcker, who tamed America’s runaway inflation, has died at 92: Reuters



At the same time he slammed the economy's brakes like no other Fed chair with record 22% interest rates

The wealth of Canadians is divided along racial lines, report on income inequality says: The Canadian Press



Canadians who identify as visible minorities don't have the same access to investments and other sources of wealth as white people, report says

ISS urges shareholders to vote against Hudson’s Bay Co chairman’s bid to take retailer private: Bloomberg News



Advisory firm says there is no clear reason why shareholders should accept the deal when Catalyst has offered a higher price

Blowout out year for ETFs in Canada as inflows near record amid ‘blind optimism’: Bloomberg News



ETF inflows have hit $23 billion in 2019 and are inching closer to the record set two years ago at $26 billion

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Britain’s Tullow Oil chief to exit as group loses half its value: Reuters



LONDON — More than half of the value of Africa-focused Tullow Oil was wiped out on Monday as Chief Executive Officer Paul McDade stepped down and the oil producer scrapped its dividend after failing to meet production targets due to weak performance by flagsh…

China hopes to reach trade deal with U.S. ‘as soon as possible’ as fresh tariffs loom: Reuters



Tense discussions continue and it remains unclear if the two sides can reach a 'phase-one' agreement before new round of tariffs kick in this week

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IMF Critic Close to Stiglitz Named Argentine Economy Minister: Bloomberg News



(Bloomberg) — Martin Guzman, a protege of Nobel Laureate Joseph Stiglitz at Columbia University, will become Argentina’s next economy minister, overseeing the nation’s attempts to get out of recession and renegotiate its debt. “He’s a young man, who’s very we…

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Hong Kong police chief promises flexibility ahead of rally: Reuters



BEIJING/HONG KONG — Hong Kong’s new police commissioner said on Saturday his force would take a flexible approach to pro-democracy demonstrations as the city gears up for a rally on Sunday that is expected to draw a huge crowd. Chris Tang was appointed last m…

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Morganti & Co, P.C., Today Announces That a Hearing to Approve a Settlement Regarding Tarrant v. Namaste Technologies, Inc. et al. To Be Held March 2, 2020: Business Wire



TORONTO — Law firm Morganti & Co, P.C., today announces that the Ontario Superior Court of Justice (the “Court”) has scheduled a hearing to be held on March 2, 2020 at 10 am at the courthouse located at 161 Elgin Street in Ottawa, Ontario (the “Settlement App…

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‘Mexico, US, Canada trade talks continue in Washington: The Associated Press



WASHINGTON — Mexico’s top trade negotiator wrapped up an 11-hour meeting with his U.S. counterpart Friday night, saying they had not finalized a new trade agreement for Mexico, United States and Canada. As he left the office of U.S. Trade Representative Rober…



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