The Business Immigrant

21/01/2023

The fear of recession is not the beginning of wisdom Canadian home prices saw the biggest price decline for a calendar year since records began, with a 7.5% drop over a one year period. Home prices crashed as rapidly rising interest rates forced a market adjustment that may have further to go. The country’s benchmark home price fell 1.6% in December to $730,600, bringing the total decrease since February’s peak to 13.2%, the Canadian Real Estate Association said....

16/01/2023

“Don’t push it, don’t force it…” Losing weight can be a difficult and challenging process, especially for working executives. But it doesn’t have to be. With the right approach, you can make healthy, creative, and sustainable lifestyle changes that will help you reach your weight-loss goals. Here are 10 ways business executives can lose weight creatively: What you eat is what you get…...

“Don’t push it, don’t force it…” Losing weight can be a difficult and challenging process, especially for working executives. But it doesn’t have to be. With the right approach, you can make healthy, creative, and sustainable lifestyle changes that will help you reach your weight-loss go...

13/01/2023

Thieves ride and roll If you are shopping around for a new car, you may want to pay special attention to the Honda CR-V and Toyota Lexus. They are the top two most stolen cars of the year, and Montreal is the No.1 port for the shipment of stolen vehicles from Canada. A recent report released by the non-profit anti-insurance fraud agency Équité Association indicated that the Honda CR-V was Canada’s most stolen vehicle for two years in a row....

Thieves ride and roll If you are shopping around for a new car, you may want to pay special attention to the Honda CR-V and Toyota Lexus. They are the top two most stolen cars of the year, and Montreal is the No.1 port for the shipment of stolen vehicles from Canada. A recent report released by the....

12/01/2023

Money, money, money. It’s not always a rich man’s world! Elon Musk has officially broken the world record for the largest loss of personal fortune in history. Musk’s net worth dropped from a peak of $320 billion in 2021 to $138 billion as of January 2023, largely due to the poor performance of Tesla’s stock. Musk’s total losses far surpass the previous record of $58.6 billion, set by Japanese tech investor Masayoshi Son in 2000....

Elon Musk has officially broken the world record for the largest loss of personal fortune in history. Musk’s net worth dropped from a peak

05/01/2023

The new year would be getting off to a rough start for thousands of Amazon employees in Canada and across the globe. The tech giant is slashing more than 18,000 jobs as it cuts costs. Affected workers will be informed from 18 January, chief executive Andy Jassy said in a note to staff. The cuts amount to around 6% of the firm's roughly 300,000-strong corporate workforce....

The new year would be getting off to a rough start for thousands of Amazon employees in Canada and across the globe. The tech giant is slashing

03/01/2023

Don’t start the New Year on a tax note If you are a landlord or own an investment property in Toronto, you need to declare the vacancy status of your property immediately. If not, you would soon be sent a hefty Vacant Home Tax bill. The City of Toronto has implemented a Vacant Home Tax on all vacant residential properties and has sent letters and notices to all landlords....

30/11/2022

The battle of the banks in Canada is taking a new direction, as the
Royal Bank of Canada has entered an agreement to buy HSBC’s Canadian business in a $13.5-billion cash deal. If the takeover is approved, RBC will consolidate its position as Canada’s largest bank,

HSBC Canada had $134 billion in assets as of Sept. 30 and has approximately 130 branches and 4,200 employees. Its banking segment holds about two per cent of Canadian deposits and mortgages.

30/11/2022

Ontario, home of the Toronto Raptors, has won another crown as the most desired region for new immigrants landing in Canada.

Ontario was the province with the most immigrants in 2022, with 227,235 immigrants arriving between July 1, 2021 and June 30, 2022. British Columbia and Quebec were a distant second and third respectively.

Nunavut, Canada’s northernmost territory, had 52 immigrants arrive in the same period. It was just below the Northwest Territories

30/11/2022

The full self-driving Tesla can now be used on the tricky Toronto downtown roads. This means this futuristic driverless car is now usable all across Canada.

Tesla drivers will now be able to use the full self-driving beta program (FSD) in Toronto's downtown after the company removed a geofence prohibiting its use.
Tesla rolled out the feature across Canada in March, but owners noticed it was disabled when trying to engage it in the downtown.

At the time, Tesla owner and founder Elon Musk responded to the issue on Twitter blaming the TTC's streetcar system, stating "streetcars are not yet handled well by FSD."

30/11/2022

Giving a visa to come to Canada to give birth to their babies in Canada is one of the biggest desires of millions of prospective parents around the world. With Canada’s no-expenses spared health care system and its rating as one of the best countries in the world, it’s not a surprise.

What does it take to immigrate or get a visa to give birth to your baby in Canada, and does the government allow anyone to do so?

Given the fact that Canada has committed to bringing 500,000 new immigrants every year, expectant mothers would also want to know how to get a Canadian visa to give birth here.

24/11/2022

The future is closer than you think. The full self-driving Tesla can now be used on the tricky Toronto downtown roads. This means this futuristic driverless car is now usable all across Canada. Tesla drivers will now be able to use the full self-driving beta program (FSD) in Toronto's downtown after the company removed a geofence prohibiting its use. Tesla rolled out the feature across Canada in March, but owners noticed it was disabled when trying to engage it in the downtown....

The full self-driving Tesla can now be used on Toronto roads. This means this futuristic driverless car is now usable all across Canada.

17/11/2022

To be born in Canada can be a dream come true. Giving a visa to come to Canada to give birth to their babies in Canada is one of the biggest desires of millions of prospective parents around the world. With Canada’s no-expenses spared health care system and its rating as one of the best countries in the world, it’s not a surprise....

Giving a visa to come to Canada to give birth to their babies in Canada is one of the biggest desires of millions of prospective parents

16/11/2022

“You’ve just got to keep going and leave no stone unturned.” Mark Wahlberg went from a jailed street thug to a respected, legitimate CEO, movie star and fashion designer in less than a decade. His movies have grossed over $5.3 billion worldwide. His father was of Swedish and Irish descent and worked as a delivery driver. His mother is Irish and French-Canadian....

“You’ve just got to keep going and leave no stone unturned.” Mark Wahlberg went from a jailed street thug to a respected, legitimate CEO, movie star and fashion designer in less than a decade. His movies have grossed over $5.3 billion worldwide. His father was of Swedish and Irish descent and ...

11/11/2022

A good place for immigrants to start planning for retirement is knowing what to do and what retirement mistakes to avoid. Retirement planning used to be a lot easier. You worked your whole life for the same company and retired at the golden age 65 with a gold watch and a nice pension.

It’s a different story today. And for new immigrants, who often start new careers in Canada, the retirement journey is often more complicated. As a result, they make many costly retirement mistakes.

Here are top 12 common retirement mistakes immigrants make, along with tips on how to avoid them:

11/11/2022

Facebook is planning large-scale layoffs this week that will affect thousands of employees worldwide, including Canada. Canadian immigrants will feel the Facebook crunch as most immigrants work in professional, scientific and technical services.

Facebook parent Meta in October forecasted a weak holiday quarter and significantly more costs next year wiping about $67 billion off Meta's stock market value, adding to the more than half a trillion dollars in value already lost this year.

The disappointing outlook comes as Meta is contending with slowing global economic growth, competition from TikTok, privacy changes from Apple concerns about massive spending on the metaverse and the ever-present threat of regulation.

11/11/2022

The government is giving away over $2.5 billion to Canadians directly to help them cope with inflation. The Goods and Services Tax Credit (GSTC) payment will be doubled for 11 million individuals and families, including immigrants who qualify.

Couples with two children will also receive up to an extra $467 and seniors will receive a $225 cash gift.

Prime Minister Justin Trudeau said,
global inflation is driving up the price of necessities, like groceries and rent, and making it harder for families to make ends meet.

11/11/2022

Canada is famous for the Toronto Raptors, Maple Leafs, snow… and immigration

Canada has hit another immigration record. Immigrants and permanent residents now makeup the largest proportion of the Canadian population. According to new census data released by Statistics Canada, 8.3 million people, or 23% of the population, fit into this category, topping the previous record of 22.3%.

The newly released numbers also mean that the percentage of immigrants and permanent residents in Canada is at a higher level than in any other G7 country. It’s also one of the highest in the world.

11/11/2022

Haiti is on the verge of collapse.The Haitian banking industry association has announced that the country’s commercial banks (including Scotiabank) have been closed indefinitely amid mass protests.

The association said the closure was “for the sake of the security of employees.” Deteriorating conditions in Haiti have led to violent demonstrations and a breakdown of law and order.

Haiti once had a dynamic banking system. The most prominent banks include: Banque de la République d Haiti (Central Bank), Bank of Nova Scotia, Banque de Union Haitienne, Banque Nationale de Crédit Haiti, Capital Bank Haiti, Citibank Haiti, Sogebank Haiti, and Unibank Haiti.

11/11/2022

Immigrants in Canada and around the world will soon get a chance to experience a new payment solution for their crypto transactions. London-based global fintech Unlimint has, announced the launch of GateFi, marking their expansion into the crypto space.

The solution allows users across the globe to seamlessly exchange fiat money to crypto and crypto to fiat money, while also acting as a Web3 onboarding solution, that opens the gates to Web 3 and DeFi for mainstream users everywhere.

11/11/2022

If you have Twitter stocks in your portfolio, you might be wondering what will happen to your Twitter stocks now that Elon Musk has bought the social media platform. Twitter will also be turned into a private company.

The transaction to make Twitter a private company has since been completed and Twitter's stock had already stopped trading on the New York Stock Exchange, where it had been listed since 2013.

Most retail investors and immigrant entrepreneurs have been asking what will happen to their Twitter stocks now?

10/11/2022

“It's better to look ahead and prepare, than to look back and regret.” A good place for immigrants to start planning for retirement is knowing what to do and what retirement mistakes to avoid. Retirement planning used to be a lot easier. You worked your whole life for the same company and retired at the golden age 65 with a gold watch and a nice pension....

A good place for immigrants to start planning for retirement is knowing what to do and what retirement mistakes to avoid.

07/11/2022

Canadian Immigrant tech staff brace up for tough news. Facebook is planning large-scale layoffs this week that will affect thousands of employees worldwide, including Canada. Canadian immigrants will feel the Facebook crunch as most immigrants work in professional, scientific and technical services. Facebook parent Meta in October forecasted a weak holiday quarter and significantly more costs next year wiping about $67 billion off Meta's stock market value, adding to the more than half a trillion dollars in value already lost this year....

Facebook is planning large-scale layoffs this week that will affect thousands of employees worldwide, including Canada.

05/11/2022

It pays to be a Canadian The government is giving away over $2.5 billion to Canadians directly to help them cope with inflation. The Goods and Services Tax Credit (GSTC) payment will be doubled for 11 million individuals and families, including immigrants who qualify. Couples with two children will also receive up to an extra $467 and seniors will receive a $225 cash gift....

The government is giving away over $2.5 billion to Canadians directly to help them cope with inflation. The GSTC

04/11/2022

Canada shines as the “immigration capital of the world." Canada is famous for the Toronto Raptors, Maple Leafs, snow… and immigration. Canada has hit another immigration record. Immigrants and permanent residents now makeup the largest proportion of the Canadian population. According to new census data released by Statistics Canada, 8.3 million people, or 23% of the population, fit into this category, topping the previous record of 22.3%....

New census data released by Statistics Canada, 8.3 million people, or 23% of the population, topping the previous record of 22.3%.

03/11/2022

Poverty is the worst form of violence. Haiti is on the verge of collapse. The Haitian banking industry association has announced that the country’s commercial banks (including Scotiabank) have been closed indefinitely amid mass protests. The association said the closure was “for the sake of the security of employees.” Deteriorating conditions in Haiti have led to violent demonstrations and a breakdown of law and order....

Shut down in Haiti as there are numerous crises right now from different directions. Gang members blockade important ports and

02/11/2022

Hope might be rising for cryptos Immigrants in Canada and around the world will soon get a chance to experience a new payment solution for their crypto transactions. London-based global fintech Unlimint has, announced the launch of GateFi, marking their expansion into the crypto space. The solution allows users across the globe to seamlessly exchange fiat money to crypto and crypto to fiat money, while also acting as a Web3 onboarding solution, that opens the gates to Web 3 and DeFi for mainstream users everywhere....

London-based global fintech Unlimint has, announced the launch of GateFi, marking their expansion into the crypto space.

02/11/2022

Twitter traders wait for payday If you have Twitter stocks in your portfolio, you might be wondering what will happen to your Twitter stocks now that Elon Musk has bought the social media platform. Twitter will also be turned into a private company. The transaction to make Twitter a private company has since been completed and Twitter's stock had already stopped trading on the New York Stock Exchange, where it had been listed since 2013....

If you have Twitter stocks in your portfolio, you might be wondering what will happen to it now that Elon Musk has bought the

01/11/2022

“The best way to predict the future is to create it.” The 2022 World Business Forum in New York is all set. The world's premier management event, will gather thousands of executives and immigrant entrepreneurs in cities around the globe to learn from today's most brilliant business minds. This year's Forum in New York City-dubbed "The Age of The Ideas"-will take place November 2nd and 3rd at New York’s Javits Center....

The 2022 World Business Forum in New York tagged the Age of the Ideas is all set and will gather thousands of executives and entrepreneurs

28/10/2022

Business immigrants, financial experts and highly-skilled professionals desiring to immigrate to Canada now have a stronger reason to do so. S&P Global, an international credit rating agency, has reaffirmed the City of Toronto’s AA credit rating with a positive outlook.

In reaffirming the City's credit rating, S&P Global cited Toronto's deep and diversified economy, and Council and senior leadership's prudent financial management as the foundation of the City's credit strength.

This is the City's second credit rating affirmation from S&P Global this year and reflects the City's prudent financial management, strong financial support from senior levels of government, and a deep and diversified economy – factors that have helped sustain its fiscal performance since the start of the pandemic.

28/10/2022

Immigrants coming to Canada from India, China, The Philippines, Nigeria, Ukraine and other parts of the world are now finding it more difficult to get affordable apartments to rent in the sizzling hot rental market.

One of the biggest questions most of these new immigrants are asking is where to find the cheapest rents in Canada.

The average rent for all property types across Canada has climbed to an all-time record of over $2,043 per month, representing an annual increase of 15.4%.

The average rent for single-family homes in September 2022 was $3,014 per month, which is 12.1% higher than in September 2021.