January 21st, 2018

Business

Australia files WTO complaint against Canadian wine sales measures

By The Canadian Press on January 16th, 2018

TORONTO – Australia has filed a complaint about Canada’s rules around wine sales with the World Trade Organization. The complaint filed Friday argues that Canada’s distribution, licensing and sales measures discriminate against imported wine. It targets product mark-ups, market access and listing policies used in British Columbia, Ontario, Quebec and Nova Scotia. The complaint acts ... Read More »

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Beer Canada calls on feds to axe increasing beer tax as consumption trends down

By The Canadian Press on January 16th, 2018

OTTAWA – A trade association for Canada’s beer industry wants the federal government to stop its plan to annually increase a tax on the alcoholic drink. Beer Canada has launched a new campaign calling on Canadians to sign a petition asking Finance Minister Bill Morneau to axe the escalating beer tax. In last year’s federal ... Read More »

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Growing rail transport expected to bolster oil prices for Canadian producers

By The Canadian Press on January 16th, 2018

CALGARY – A commodities analyst for GMP FirstEnergy says steep discounts in prices for western Canadian heavy oil are moderating and should gradually ease through 2018 to allow Canadian producers to reap bigger rewards from strengthening world oil prices. Martin King says a spike in the difference between Western Canadian Select crude prices and benchmark ... Read More »

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With a $6B charge comes new thoughts about GE’s future

By The Associated Press on January 16th, 2018

BOSTON – After a decade breaking off substantial pieces of the multinational conglomerate in bid to a return to its industrial roots, a more comprehensive reshaping of General Electric Co. may be on the way. CEO John Flannery, who was put in charge of reviving the company last summer, revealed significant issues at GE Capital ... Read More »

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Ontario offers incentives for electric vehicle charging stations at workplaces

By The Canadian Press on January 16th, 2018

TORONTO – Ontario is offering to cover 80 per cent of the cost of installing electric vehicle charging stations for companies and commercial building owners as the province tries to expand its charging infrastructure. The program, announced today, will cover most of the capital costs of installing Level 2 charging stations, which take between four ... Read More »

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Yellow Pages Ltd. cuts another 500 jobs as it struggles with digital shift

By Ross Marowits, The Canadian Press on January 16th, 2018

MONTREAL – Yellow Pages Ltd. has cut another 500 jobs across the country as it continues to struggle with a shift of consumer preferences from print to digital directories. The company (TSX:Y) said Tuesday the job losses, which took effect Tuesday, amount to close to 18 per cent of its employees. That’s on top of ... Read More »

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Resource stocks weigh on Toronto market, U.S. markets gain ground

By The Canadian Press on January 16th, 2018

TORONTO – Canada’s main stock index lost ground in late-morning trading as the key energy and materials sectors took a step back. The S&P/TSX composite index was down 50.24 points to 16,321.57, after 90 minutes of trading. In New York, the Dow Jones industrial average was up 136.31 points to 25,939.50 after trading above 26,000 ... Read More »

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N.S. gives payroll rebates to Ernst and Young for new ‘centre of excellence’

By The Canadian Press on January 16th, 2018

HALIFAX – The Nova Scotia government has awarded payroll rebates to Ernst and Young as the professional services firm establishes its first Canadian-based Global Centre of Excellence for Robotic Process Automation Service in Halifax. Nova Scotia Business Inc.’s payroll rebate, valued at more than $2.4-million over five years, is contingent on the firm creating 150 ... Read More »

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Saint John, N.B., expects 19 per cent increase in cruise ship passengers in 2018

By The Canadian Press on January 16th, 2018

SAINT JOHN, N.B. – The port of Saint John, N.B., is expecting a banner cruise ship season, with nearly a quarter of a million passengers and crew to visit in 2018. Port Saint John president Jim Quinn says it will be the fourth consecutive year of growth and a significant increase in the number of ... Read More »

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Uber, Lyft, not happy with approval of drivers’ insurance rate plan in Manitoba

By The Canadian Press on January 16th, 2018

WINNIPEG – Manitoba’s Public Utilities Board has approved new insurance rates for ride-hailing company drivers that businesses such as Uber and Lyft have said will keep them setting up shop in Winnipeg. The board has given approval to a Manitoba Public Insurance application that calls for an add-on to the drivers’ basic insurance, which would ... Read More »

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