Back to reality

I was going to write something snarky earlier today about how Lululemon was taking its approach to countering reports that its clothing might not carry the health benefits advertised from four-year-olds: Mr. Meers said that to create the special fibre for Lululemon’s T-shirts, SeaCell is combined with a cellulose and spun into special SeaCell fibre.continue reading

Lu-lu land

Yoga clothes maker Lululemon’s shares swooned yesterday after independent tests called into question the claims it makes about one of its products: According to product tags, one of its lines of shirts, called VitaSea, is made with a fabric that is 24 per cent seaweed. The company says the fabric releases “marine amino acids, mineralscontinue reading

No wooden nickels here

Toronto City Council is still admirably focused on carving out savings and weeding out inefficiencies where they can. Councillor Howard Moscoe, for example, sees an opportunity in enforcing the superiority of the mighty loonie: “There’s a glut of U.S. coins being dumped in the economy,” Moscoe (Ward 15, Eglinton-Lawrence) said yesterday. “The city’s going tocontinue reading

That and 50 cents will get you a house on the Bridle Path

An otherwise gloomy Report on Business article on the Canadian economy searches hard, and finds a silver lining: The bright spot is that companies are diversifying away from the U.S. Three-quarters of Canadian exports go to the U.S., down from 81 per cent five years ago. Bright indeed. Diversification has its proponents. Where is Canadacontinue reading

Hear that hissing sound?

That’s the “loud signal of how the Canadian dollar is affecting exports,”: “For the third quarter as a whole, international trade is going to subtract meaningfully from the gross domestic product, likely to the tune of a couple percentage points,” said Jacqui Douglas, economics strategist for TD Securities. Hang on a sec… a couple ofcontinue reading

License to kill

After reading the Star’s story on people caught driving more than 50 kilometres over the speed limit, who are shocked to find they face actual consequences: “I certainly would not have been doing 50 over if I knew this was going to happen to me,” “Look, I was speeding,” […]”I expected a ticket, and thencontinue reading

Boil, boil, toil and well, who knows

The unfortunate language of market madness combines “bubble” and “peak”. If a bubble is about to burst, though, wouldn’t it be “reaching its widest circumference,” or something along those lines? (No geometry critiques, please — it’s the reason I hated high school math.) So with the C$, which definitely deserves the petrodollar nomiker again, atcontinue reading

Right back where we started from

Economic and Fiscal Update November, 2005: – Decrease lowest tax rate from 16% to 15%, retroactive to January 1, 2005 – Increase basic personal amount over 3 years to reach $10,000 in 2009 Economic and Fiscal Update October, 2007: – Decrease lowest tax rate to 15% from 15.5%, retroactive to January 1, 2007 – Increasecontinue reading

Everything’s (sort of) fine (for now)

RBC Royal Bank is feeling so confident about the Canadian economy that it thought it would hold a press conference to share its sunny outlook yesterday. According to Jim Westlake: “If the U.S. economy settles down and they get the types of growth that are forecasted right now, and you don’t see any more secondary effect,continue reading

Tiny bubbles

– Am I the only person who is baffled by the parity protests? What is it that makes Joe 2-4 think that Canadian prices should be identical to those in another country, with a different size, different transportation costs, and different labour laws? And why is Flaherty grandstanding on this issue, pressuring retailers, who havecontinue reading