Archive For The “ConsumerEconomyMoney” Category

Can Netflix’s business model survive?

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Can Netflix’s business model survive?

SAN FRANCISCO – Netflix is pulling in new viewers and award nominations in droves, but the online video service still faces a long-term problem: Its acclaimed programming line-up is costing far more money than what subscribers pay for it.That hasn’t been a big issue so far, thanks to investors’ willingness to accept scant profits in…

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Royal LePage survey says Q2 was strong in Hamilton

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Royal LePage survey says Q2 was strong in Hamilton

The results of the latest Royal LePage housing survey shows Greater Hamilton is still enjoying double-digit growth in sales for the 2nd quarter of this year. READ MORE: Home prices in Canada will keep rising, despite interest rate hike: Royal LePage The survey says on average in the second quarter of 2017, home prices in…

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Winnipeg Sears locations not the main draw to malls anymore: Expert

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Winnipeg Sears locations not the main draw to malls anymore: Expert

The ever changing landscape of retail seems to have dealt another blow to malls.Sears announced Tuesday there’s significant doubt about the future with the company looking at selling or restructuring.READ MORE: Future of Sears Canada in ‘significant doubt,’ company saysAnd it comes just a week after Sears rival, Hudson’s Bay, announced it’s cutting roughly 2,000…

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BUSINESS REPORT – Tech under pressure as investors question Wall Street’s leading sector

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BUSINESS REPORT – Tech under pressure as investors question Wall Street’s leading sector

Technology stocks are under pressure as the headline FAANG stocks of Facebook, Amazon, Apple, Netflix, and Google (now Alphabet) drag on the markets again Monday morning as they did on Friday.Apple has the lowest shares, which are down close to three per cent.This follows Apple’s Worldwide Developers Conference last week where they unveiled their HomePod…

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Manitobans struggling to pay debt: survey

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Manitobans struggling to pay debt: survey

Manitobans may be digging themselves more in debt due to a lack of financial literacy, according to a new survey.The MNP Consumer Debt Sentiment Survey is a semi-annual poll that tracks Canadians’ feelings about their debt and their ability to meet their monthly financial obligations.The survey asked people in Saskatchewan and Manitoba about their debt and…

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Manitoba Hydro proposes 7.9 per cent increase

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Manitoba Hydro proposes 7.9 per cent increase

Manitoba Hydro is hoping to raise your gas and electricity bill 7.9 per cent this summer — and potentially over the next five years.The provincial Crown Corporation filed the request Friday with the Public Utilities Board (PUB).The request includes a 7.9 per cent increase starting Aug. 1. Hydro also asked for a 7.9 per cent increase…

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Canadian millennials just aren’t that into the jobs that robots could take away: study

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Canadian millennials just aren’t that into the jobs that robots could take away: study

Canada’s millennials are facing all sorts of challenges: high home prices, soaring tuition fees and record household debt.But there’s one challenge that they’re well-placed to weather, says a new study: the rise of the machines. Boomers and Millennials making the Okanagan home 02:11 Boomers and Millennials making the Okanagan home 05:12 How will B.C. political parties…

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Saskatoon’s housing market ‘problematic’ due to overbuilding: CMHC

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Saskatoon’s housing market ‘problematic’ due to overbuilding: CMHC

Saskatoon’s housing market remains “problematic” due to strong evidence of overbuilding, according to a new report from Canadian Mortgage and Housing Corporation (CMHC).CMHC reported on Wednesday in its second quarter housing market assessment that Saskatoon continues to have high inventory levels of new housing, particularly in row housing and condominium apartments. Story continues below Related…

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Stelco may soon be one step closer to emerging from creditor protection

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Stelco may soon be one step closer to emerging from creditor protection

This is another big week for the future of Hamilton-based Stelco as it attempts to emerge from creditor protection.The company’s various creditors who are owed money are scheduled to vote on a proposal April 27 to settle with prospective buyer Bedrock Industries.READ MORE: Steelworkers say more work needed before deal reached with Stelco, Bedrock Story continues below…

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Alberta consumer spending down in first quarter: Moneris

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Alberta consumer spending down in first quarter: Moneris

Spending in Canada grew by nearly 3.5 per cent in the first quarter of this year, but Alberta was not part of that upward trend.According to Moneris, one of Canada’s largest processors of debit and credit card payments, spending in the province was down 0.72 percent in the first three months of the year. Story…

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