June 25th, 2018

Business

What to know about owning a cottage with friends or family

By Aleksandra Sagan, The Canadian Press on June 21st, 2018

Mike Potvin’s father died in May 2016 and left the family cottage near Ontario’s Kawartha Lakes to his wife and four sons. But only Potvin and one of his brothers were in a position to carry the costs of a vacation property, so they worked out a deal to purchase the shares of the remaining ... Read More »

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Statistics Canada reports wholesale sales up 0.1 per cent in April

By The Canadian Press on June 21st, 2018

OTTAWA – Statistics Canada says wholesale sales gained 0.1 per cent to $63.1 billion in April. The small increase came as gains in machinery, equipment and supplies and the food, beverage and tobacco subsectors were offset by a drop in the motor vehicle and parts subsector. The agency says wholesale sales in volume terms were ... Read More »

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Brookfield bids for Aussie retirement community company Gateway Lifestyle

By The Canadian Press on June 21st, 2018

TORONTO – Brookfield Property Group has made a non-binding takeover offer for Gateway Lifestyle worth the equivalent of C$686 million, topping a rival bid for the Australian firm last week. The arm of Brookfield Asset Management Inc. is offering AU$2.30 per stapled security valuing the retirement community company at about AU$698.6 million. The proposal tops ... Read More »

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Reduce taxes, fees to help grow Canada’s airline industry, lower prices: study

By Giuseppe Valiante, The Canadian Press on June 21st, 2018

MONTREAL – A new study suggests federal and provincial governments can help ease some of the frustrations of travellers and grow the country’s air transport sector by reducing taxes and fees imposed on the industry. Alexandre Moreau of the right-leaning Montreal Economic Institute says Canada’s massive geography and low population density help keep airline prices ... Read More »

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What makes a beer a beer? Feds brew changes to national beer standards

By Jordan Press, The Canadian Press on June 21st, 2018

OTTAWA – Your beer is about to undergo a government makeover. Federal officials are proposing changes to national beer standards that would widen the number of ingredients permitted in a pint and force brewers to list every ingredient on a can or bottle. Even the Canadian definition of “beer” would change. The changes would mark ... Read More »

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Norwegian Air to launch Canadian service this fall to Caribbean, Dublin in March

By Ross Marowits, The Canadian Press on June 21st, 2018

MONTREAL – One of the world’s fastest-growing airlines is spreading its wings to Canada this fall as Norwegian Air Shuttle ASA enters the country’s increasingly crowded travel market. The airline plans to launch flights from Montreal to islands in the French Caribbean this fall. Three days per week winter service to Guadeloupe starts Oct. 29 ... Read More »

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Judge awards Dow Chemical USD$1.06 billion in damages against Nova Chemicals

By The Canadian Press on June 20th, 2018

EDMONTON – A judge has awarded Dow Chemical Canada $1.06 billion in damages against Nova Chemicals Corporation in a dispute over a massive ethylene plant in central Alberta. The dispute centred around the operation of a production facility in Joffre known as E3. E3 started operating in 2000 as a joint venture, with Nova running ... Read More »

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CBC ending ‘On The Money’ business program due to budget constraints

By The Canadian Press on June 20th, 2018

TORONTO – CBC says it’s cancelling its afternoon business program “On The Money” due to budget constraints as it focuses resources on digital platforms. CBC News general manager Jennifer McGuire said in a note to staff Wednesday that investments such as enhancing the digital presence of “The National” and expanded podcasting has created pressure in ... Read More »

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Trudeau says he can’t imagine Trump damaging U.S. by imposing auto tariffs

By Mike Blanchfield and Andy Blatchford, The Canadian Press on June 20th, 2018

OTTAWA – Prime Minister Justin Trudeau says he can’t imagine President Donald Trump will make good on his threat to impose new tariffs on Canadian autos entering the United States because it would amount to a self-inflicted wound on the U.S. economy. Trudeau was forced to confront that possibility at his end-of-session news conference Wednesday ... Read More »

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N.S. boosts oil with millions for research, as environmentalists criticize move

By Michael Tutton, The Canadian Press on June 20th, 2018

HALIFAX – Nova Scotia has committed millions of dollars to encourage offshore exploration, hoping to bring billions more in oil riches – even as ecologists say the cash would be better used to counter carbon emissions. Energy Minister Geoff MacLellan announced $11.8 million Wednesday for research in waters off the province. “There is value for ... Read More »

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