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The Cavaliers defense is still terrible. Does it even matter?

“The Cavaliers have given up 109 points per 100 possession since the trade deadline, according to data from NBA.com” writes Apr Edt for sbnation.com. The Cavaliers waited until the last 5:30 to start playing real, spirited defense.They fell to second-to-last in that category from the trade deadline entering the playoffs.Cleveland is entering the playoffs as the second-worst defensive team after the trade deadline for the second season in a row, but at this point, it doesn’t matter. Source: sbnation.com Share This:

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Toronto’s housing prices are collapsing

“In addition to these average prices, the TREB offers its own proprietary “Home Price Index Composite Benchmark” (but it doesn’t disclose median prices)” writes Wolf Street for businessinsider.com. Prices follow volume, and prices have been backing off, but in February they actually fell on a year-over-year basis, the first since the Financial Crisis, and in March, they fell more steeply.This index is fairly resistant to price declines, but it nevertheless fell 1.5% year-over-year for the GTA. Real estate website Zolo.com offers all kinds of housing data, including median prices.The average…

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Hudson’s Bay shares drop after security breach at Saks, Lord & Taylor stores

“TORONTO (Reuters) – Hudson’s Bay shares dropped on Monday after the Canadian department store operator reported security breaches at some of its Saks Fifth Avenue, Saks OFF 5th and Lord & Taylor stores on Sunday” reports businessinsider.com. The company’s shares fell as much as 6.2 percent and were trading 5.7 percent lower at C$8.41 as of 9:37 ET (1337 GMT), compared with a 0.2 percent loss on the Toronto stock benchmark . It was the second-biggest decliner on the index. Hudson’s Bay said on Sunday it was the victim of…

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Tech workers are fleeing the United States to work in Canada

“Of the international applicants who applied, 82% were from the US. The study’s results correspond with a survey MaRS conducted earlier last year, in which several Toronto-based startups reported newfound interest in their companies from US applicants” writes Zo Bernard for businessinsider.com. American tech workers could be interested in joining the Canadian workforce for several reasons: Both Toronto and Vancouver are gradually becoming established tech hubs that are attracting international talent. (Last year, Business Insider ranked them in the top 25 most high-tech cities in the world.) Another factor is…

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Drake’s ‘God Plan’ tops digital song sales chart, but with lowest total for a No. 1 since 2005

“Overall digital song sales totaled 554.82 million in 2017, down 23 percent compared to 2016 (724.04 million). 2017 marked the fifth straight year that digital song sales declined” writes Keith Caulfield for aol.com. Nielsen Music started tracking digital song sales in 2003, the same year that Apple’s iTunes Store launched.From 2004 through 2012, digital song sales grew on a yearly basis. Source: aol.com Share This:

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News Stocks 

In search of higher margins, Canada Goose to make more of its own luxury coats

“If you’ve got a multi-tier supply chain, you’re leaving profit margin throughout every element of the supply chain for everybody along the way,” said Rod Sides, Deloitte’s U.S. retail and distribution leader” reports businessinsider.com. Jackets hang in the showroom of the Canada Goose factory in Toronto Thomson Reuters By Nichola Saminather (Reuters) – Luxury coat maker Canada Goose plans to bring more manufacturing in-house in a bid to boost margins and help it live up to lofty investor expectations as the most expensive stock among major luxury brands. Source: businessinsider.com Share…

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Toronto detached home prices down 14.6% y/y in February

“The latest numbers from the Toronto Real Estate Board show the average price of a detached home down 13.8% y/y in the city and 16.1% in the suburbs” reports forexlive.com. The Toronto housing market is in a delicate place after a boom last spring followed by a series of measures to cool prices.In the Greater Toronto Area the average selling price was down $100,000 y/y to $767,818 but that’s up from $736,783 last month. Source: forexlive.com Share This:

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Canadian Music Industry Meets in Toronto for Inaugural Anti-Harassment Summit

“Representatives from numerous music industry organizations convened Thursday in Toronto’s ACTRA RACs building for the first Canadian Music Industry Anti-Harassment Summit” writes Karen Bliss for billboard.com. They discussed, as a press release stated, “an industry-wide response to all forms of harassment, including sexual harassment, discrimination, and violence, as the beginning of a national action plan.”. On her Twitter account, Minister Joly posted, “I had an important discussion on harassment, workplace safety with representatives from Canada’s music industry,” with thanks to the participating organizations. Source: billboard.com Share This:

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Cracks appear in Alphabet subsidiary Sidewalk Labs’ Toronto waterfront plan

“When controversy over the secret deal first erupted in the fall, Sidewalk and Waterfront Toronto did release a brief summary” writes Follow Jeff Gray for theglobeandmail.com. Waterfront Toronto and Sidewalk are now engaged in closed-door talks that will better define the final agreement, which is due this year and must be approved by Waterfront Toronto’s board.Sidewalk has hired former Ontario privacy commissioner Ann Cavoukian and Waterfront Toronto hired former federal privacy commissioner Chantal Bernier as advisers to help deal with these issues.The CEO of Sidewalk Labs, former New York deputy mayor Dan…

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Markets News 

On the Market: Homes for Sale in Toronto

“The volume of Toronto home sales has dropped in recent weeks as many buyers continue to play the waiting game in the wake of a cooling housing market, brokers said” writes On The Market for nytimes.com. Many noticed prospective buyers holding off on bidding in hopes that the market will turn further in their favor, but other brokers said that condos in particular are being snatched up quickly. Source: nytimes.com Share This:

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