Report: Rob Manfred to pave way for MLB pay cuts, furloughs

Report: Rob Manfred to pave way for MLB pay cuts, furloughs

MLB commissioner Rob Manfred is reportedly on the verge clearing the way for clubs to cut the pay or even outright furlough employees, including managers, coaches, scouts and front-office staff. According to The Athletic’s Ken Rosenthal on Sunday, Manfred will suspend Uniform Employee Contracts on May 1. Those contracts reportedly include language that allows those […]

Top Canada pension fund cuts stock holdings ahead of global rout

Top Canada pension fund cuts stock holdings ahead of global rout

Ontario Municipal Employees Retirement System, one of Canada’s largest pension funds, cut its stock holdings in the nick of time, as economic growth concerns heightened amid a deathly virus outbreak. While generating returns from its public equity investments of about 20.3 per cent from the prior year, the firm cut its share of stocks to […]

Bill 108 cuts red tape on housing developments

Bill 108 cuts red tape on housing developments

Bill 108, the More Homes, More Choice Act, received Royal Assent on June 6. The policy changes are intended to improve housing affordability in the GTA by ensuring cost certainty for development projects, reducing red tape and shortening the time frame for land use approvals. The bill proposes to change the Development Charges Act (DCA), […]

Some Canadian companies set to save big on U.S. tax cuts, analysts say

MONTREAL—Some Canadian companies that earn a high share of their revenues in the United States stand to save big from a large reduction in the corporate tax rate, say industry experts. New Flyer and Boyd Group Income Fund, which earn more than 80 per cent of their sales south of the border, will be among […]

CREA cuts national home resale outlook, driven by Ontario market

CREA cuts national home resale outlook, driven by Ontario market

The Canadian Real Estate Association said Friday it has cut its national outlook for home sales activity for the year by five per cent, saying the decline stems almost entirely from a downward revision to its outlook for the Ontario market. CREA said in a release that it’s now forecasting sales activity through the Multiple Listing Service […]