Mark Carney

The 50 Most Influential People in Toronto: who really runs this city? The 50 Most Influential People in Toronto: who really runs this city?

You know you live in interesting times when the chief of police is the most powerful person in town. What propelled Chief Blair to the top of our Influentials list was Rob Ford’s Crackgate—a story that consumed the city for much of the last year and whose bewildering narrative is still being written. Of course,… Read more »

50 Most Influential 2012: a ranking of Toronto’s top tycoons, backroom operato... 50 Most Influential 2012: a ranking of Toronto’s top tycoons, backroom operators and supersize egos

The people driving the agenda for the city are more likely to come from outside local government than inside. This was the year our premier, rendered virtually impotent by a minority legislature, up and quit without warning. And our mayor, who listens to no one and refuses to build consensus on council, has created a… Read more »

Camera: financial and diplomatic bigwigs hobnob at the Canadian International Co... Camera: financial and diplomatic bigwigs hobnob at the Canadian International Council gala

By Bronwen Jervis | Photography by George Pimentel Ritz-Carlton, October 25. Masters of the financial and diplomatic universes took part in the gala for the Canadian International Council, the global affairs think tank funded by ex–RIM boss Jim Balsillie. This year the Globalist of the Year award—past honourees include Egyptian telecom titan Naguib Sawiris and… Read more »

The three biggest corporate cash hoarders in Toronto (and what we imagine they... The three biggest corporate cash hoarders in Toronto (and what we imagine they’re doing with the dough)

Last month, Bank of Canada governor Mark Carney accused corporate Canada of hoarding hundreds of billions of dollars of “dead money,” kicking off a heated debate over whether companies are being tight-fisted at a time when the economy could use a little stimulation. (Carney says companies should invest in Canada by spending the money or… Read more »

Editor’s Letter (September 2012): real estate crazy Editor’s Letter (September 2012): real estate crazy

A few blocks down the street from me, in Seaton Village, there’s a beautiful three-storey house with four bedrooms and tremendous character. Its owners, a pair of journalists in their 60s, bought it in 1972 for $35,000, which was $2,500 less than the asking price. When they moved into the neighbourhood, they were considered pioneers—none… Read more »

What bubble? RBC says Toronto condo’s market won’t crash What bubble? RBC says Toronto condo’s market won’t crash

The city’s condo boom may be keeping both Finance Minister Jim Flaherty and Bank of Canada Governor Mark Carney up at night, but at least one high-level economist is contradicting both (because when has anyone ever agreed about the real estate market?). Robert Hogue, a senior economist at the Royal Bank of Canada, insists there’s no bubble in… Read more »

Toronto’s housing forecast according to Garth Turner, the Dr. Doom of real est... Toronto’s housing forecast according to Garth Turner, the Dr. Doom of real estate

By Joanna Pachner | Photography by Tom Feiler If the Toronto real estate market has nine lives, so, too, does its most famous prophet of doom, Garth Turner. Over a 40-year career, Turner has worked as a journalist, a broadcasting entrepreneur, a newspaper chain proprietor, a hotel and restaurant operator, twice as a federal MP… Read more »

Bubble Trouble: the latest (and heartening) analyses of Toronto’s housing mark... Bubble Trouble: the latest (and heartening) analyses of Toronto’s housing market

Sometimes it feels like real estate watchers aren’t even talking about the same city when they’re discussing Toronto’s market. Mere weeks ago, columnists and analysts predicted government regulation and oversupply could sap some of the energy from Toronto’s condo boom and hot home sales. Now, the latest flurry of opinions on the market are, confusingly, optimistic. 

Why Roger Martin believes the corporate world needs to be overhauled—starting ... Why Roger Martin believes the corporate world needs to be overhauled—starting with excessive CEO compensation

The head of Toronto’s most prestigious business school has a seditious idea, and it might save us from financial catastrophe By Jason McBride Last fall’s Occupy Toronto protest was more of an idea than a place, a kind of free-floating rage against what is perceived as an unjust, morally skewed, out-of-control, soul-sucking machine. The number… Read more »

Ottawa-based cult chain The Works sets out to become the Second Cup of burgers Ottawa-based cult chain The Works sets out to become the Second Cup of burgers

The Works, the popular chain of gourmet burger joints that started in Ottawa in 2001, has announced a downright Manifest Destiny–like plan for national expansion: 50 new locations across the country. The chain already has locations in London, Kingston, Ottawa, Guelph and Oakville, and three others under construction—including one on the Danforth set to open in… Read more »

Globe’s Economy Lab forecasts an imminent rise in interest rates; Toronto hous... Globe’s Economy Lab forecasts an imminent rise in interest rates; Toronto housing market waits with bated breath

One thing that could spark a big sell-off in Toronto’s real estate market is a sharp rise in interest rates, as homeowners that were previously on the fence about selling try to cash in before the market softens. So, naturally, anyone looking to sell (or, for that matter, buy cheap) would like to get as… Read more »

The great burnout: recession survivors didn’t count on the surge in workload, ... The great burnout: recession survivors didn’t count on the surge in workload, the smaller paycheque and the all-consuming resentment. A story about workplace hell with no escape

By Maryam Sanati | Photograph by Nigel Dickson It’s been three years since the mass cull of the Great Recession began. Three years since all those jobs were zapped into oblivion, and the people who remained employed were left to shoulder double, triple or quadruple loads. For my generation, the timing couldn’t have been worse…. Read more »

Mark Carney says debt is too high; BMO asks, What does he know, anyway? Mark Carney says debt is too high; BMO asks, What does he know, anyway?

Yesterday at the Economic Club of Canada, Bank of Canada governor Mark Carney warned in the strongest possible terms short of yelling “fire!” that Canadian personal debt loads are too high. The problem is that the cure for the last crisis (low interest rates to fight recession) is getting us ready for the next disease… Read more »