Shelly Chen Lin

95 Flips | 2 Magazines | @ShellyChenLin | Keep up with Shelly Chen Lin on Flipboard, a place to see the stories, photos, and updates that matter to you. Flipboard creates a personalized magazine full of everything, from world news to life’s great moments. Download Flipboard for free and search for “Shelly Chen Lin”

'No access': Rex Tillerson sets collision course with Beijing in South China Sea

Comments that China should be barred from using artificial islands will anger Xi Jinping and could lead to a military clash, experts fear<p>Rex Tillerson, Donald Trump’s nominee for secretary of state, has set the stage for a potential clash with China, saying it should be barred from artificial …

China

Oil industry prepares for the end of fossil fuel age

<i>A roundup of what The Globe and Mail's market strategist Scott Barlow is reading this morning on the Web</i><p>British Petroleum's chief economist Spencer Dale believes that the longer-term future for the oil industry is less a matter of when we run out, and more a case of how much will be left in the …

Fossil Fuels

Canadian, World, Politics and Business News & Analysis

Business (Canada)

CMHC issues alert for Victoria housing, warns of 'overvaluation'

Canada's housing agency has added Victoria to its list of real estate markets with problems, seeing danger signs in the B.C. capital's home values.<p>Canada Mortgage and Housing Corp. said Thursday that it is maintaining its "red warning" for the country's real estate market as a whole, with high …

Canadian Real Estate

TransCanada submits new application for Keystone pipeline

TransCanada Corp. has taken U.S. President Donald Trump up on his invitation and has formally submitted a new application to the U.S. Department of State for its Keystone XL pipeline.<p>"This privately funded infrastructure project will help meet America's growing energy needs as well as create tens …

Keystone XL

Employers worry about potential changes to cross-border worker visas

Marc Adam's web development company Nixa is in full growth mode. "I'm hiring!" he states at the top of his LinkedIn page.<p>But the chief executive officer of the 27-employee Montreal-based firm is worried about how Donald Trump's plans to renegotiate NAFTA will affect his expansion plans, which …

Immigration

Canada’s housing affordability capital? It just might be Calgary

If only our incomes would keep up with the country's hot housing markets.<p>The median family income in Toronto would have been a juicy $130,832 last year if paycheques grew at the same rate as house prices in the city. In reality, an estimate based on the most recent Statistics Canada numbers shows a …

Canadian Real Estate

HMV could face beginning of the end after years of sliding sales

A victim of the rising digital world, HMV Canada Inc. may be close to playing its last song.<p>HMV could face the beginning of the end on Friday when an affiliated company – and a lender to HMV – asks the Ontario Superior Court to put the country's largest specialty music chain into receivership and …

Business (Canada)

Why can't I buy a house with a yard?

High demand and low interest rates aren't the only factors behind insane house prices in Toronto and Vancouver. Evidence is growing that government "greenbelt" policy restricting development is playing a major role. But good luck getting an urban planner to admit it.<p><i>Two summers ago</i>, Marianna …

Six aggressive ETFs for your RRSP

Exchange-traded funds offer an easy way to save for retirement. ETFs provide instant diversification, like a mutual fund, but also the trading ease of a stock. These funds tend to have lower fees, so investors can keep more of their gains. And ETFs listed in the United States can avoid having their …

‘Work space matters’: Inside Scotiabank’s Digital Factory

Somewhere between the office bowling alley and the yoga studio, Bank of Nova Scotia is trying to disrupt itself.<p>On Thursday, the bank marked the official launch of its flagship Digital Factory, ‎a 70,000-square-foot startup-esque hub on Toronto's King Street East – modern, colourful and full of …

Andy Warhol

Trade peril simmers over Trump threats as China looms large

Donald Trump’s first week as president has been a tumultuous one that has left the United States on the cusp of a trade war.<p>And that’s before even taking on China.<p>Observers caution that these are early days, and that we have to see if Mr. Trump makes good on his various threats.<p>“President Trump is …

Economy

GM to cut 625 jobs at Ontario plant, union says

The furore over NAFTA and job creation in Mexico swept into Canada Friday as General Motors Co. said it will eliminate 625 jobs at one of its Canadian assembly plants when it shifts production of a vehicle to Mexico this summer.<p>GM, whose Cami Automotive Inc., plant in Ingersoll, Ont., has been on a …

Business (Canada)

OMERS charts global insurance investment strategy with $1-billion deal

The Ontario Municipal Employees Retirement System is gearing up to expand its insurance investments around the world, starting with its latest $1-billion (U.S.) deal.<p>The pension fund said Friday that it would take a 21-per-cent stake in Zug, Switzerland-based Allied World Assurance Co. Holdings AG, …

Business (Canada)

How to make big returns by doing nothing, REIT picks, and the number of stocks you should really own

My uncle was a Texan neurologist and a very blunt man. He'd recount cases where patients were advised to lose weight to alleviate symptoms, and they'd tell him, "I don't know what the problem is, I'm following my diet but still gaining weight." His reply was, 'The food no one sees you eat counts …

Vancouver's Shoes.com shuts down operations

Vancouver e-commerce company Shoes.com Technologies Inc. shut down operations effective Friday, and will work with its lenders to liquidate its assets and assign some of its companies to bankruptcy. The company took its websites offline and said it had closed its two stores in Vancouver and Toronto.<p>…

Uncertainty over Trump is toxic for Canadian business investment

It was U.S. president Theodore Roosevelt who coined the phrase "the bully pulpit."<p>And for more than a century it's been a key feature of U.S. presidential power. Presidents have used their podium to sway public opinion and counter the constitutional checks and balances that otherwise limit their …

Business (Canada)

BMO chases first-time home buyers with cash-back mortgage promo

Bank of Montreal is courting potential first-time home buyers with an unconventional offer of up to $1,000 cash back on some new mortgages.<p>The promotion launches at a moment when the bank, which is Canada's fourth largest by assets, is keen to boost its share of the mortgage market. But it also …

Canadian Real Estate

Work dries up as Alberta’s oil boom fades

At the Barge Landing Lodge, an hour north of Fort McMurray, there are few signs of an oil slump, for now.<p>Long lines of men with backpacks and luggage wait to check in at the front desk. Dozens of muddy boots are left in a side room to keep the dining hall floor tidy. During shift changes, buses …

Oil

Despite setbacks, a case remains to build TransCanada’s Energy East pipeline

A resurrection of TransCanada Corp.'s Keystone XL pipeline is seen by some in the energy industry as the end of the company's Energy East proposal. It may not be.<p>If Keystone XL and two other oil export pipelines recently approved by Ottawa get built, the case for the $15.7-billion Energy East …

Oil

Google recalls staff to U.S. after Trump immigration order

Alphabet Inc.'s Google delivered a sharp message to staff traveling overseas who may be impacted by a new executive order on immigration from President Donald Trump: Get back to the U.S. now.<p>Google Chief Executive Officer Sundar Pichai slammed Trump's move in a note to employees Friday, telling …

Immigration

Trump immigration order ‘a boon' for Canadian tech industry, say executives

Canadian technology executives are making plans to capitalize on U.S. President Donald Trump's immigration orders, using the new president's crackdown to help their efforts to recruit skilled workers from overseas.<p>"I think it's really sad and horrible from a political landscape perspective, but …

Canadian tech leaders press Ottawa for temporary visas after Trump order

A collection of Canada's top technology leaders is asking Ottawa to provide "immediate and targeted" assistance, including temporary residency, to those displaced by President Donald Trump's executive order that bans entry to the United States for citizens of seven countries.<p>In a statement, the …

Reopening NAFTA could give Canada access to services sector

The new U.S. administration's desire to reopen the North American free-trade agreement could give Canada an opportunity to gain market access in a key source of export growth that was barely an afterthought when the trilateral trade deal was drawn up a quarter-century ago: The services sector.<p>Trade …

Globalization