Competition Bureau calls for limits to property controls in grocery industry
By The Canadian Press on June 27th, 2023
GATINEAU, Que. – Canada’s competition watchdog is calling for changes to a common real estate practice used by grocers to limit competition. It involves a grocer adding a special clause to a lease or deed – sometimes called a restrictive covenant – to limit the kind of store that can open at a location after ... Read More »
Be the first to comment!Former Ottawa mayor Jim Watson joins community housing board
By The Canadian Press on June 27th, 2023
Former Ottawa mayor Jim Watson is now a member of the Ottawa Community Housing foundation’s board of directors, the non-profit organization announced today. The foundation says in a statement that Watson has a wealth of experience and understanding of the needs of communities in Ottawa. Watson left office last year, after his 12-year term made ... Read More »
Be the first to comment!Five things to know about the Competition Bureau’s study into Canada’s grocery sector
By Sammy Hudes, The Canadian Press on June 27th, 2023
Canada’s competition watchdog released its much awaited study into the country’s retail grocery market on Tuesday, painting a picture of a highly concentrated industry dominated by few players. Making an effort to detail its findings in “plain language,” the Competition Bureau highlighted the need to communicate clearly on the issue to promote transparency. The bureau ... Read More »
Be the first to comment!The Great Grift: More than $200 billion in COVID-19 aid may have been stolen, federal watchdog says
By Richard Lardner And Jennifer Mcdermott, The Associated Press on June 27th, 2023
WASHINGTON (AP) – More than $200 billion may have been stolen from two large COVID-19 relief initiatives, according to new estimates from a federal watchdog investigating federally funded programs that helped small businesses survive the worst public health crisis in more than a hundred years. The numbers issued Tuesday by the U.S. Small Business Administration ... Read More »
Be the first to comment!What the grocery report recommends to improve competition
By The Canadian Press on June 27th, 2023
GATINEAU, Que. – Canada’s competition watchdog released its much awaited study into the country’s retail grocery market on Tuesday. Here are the Competition Bureau’s recommendations for the sector, in its own words: Recommendation One Canada needs a Grocery Innovation Strategy aimed at supporting the emergence of new types of grocery businesses and expanding consumer choice. ... Read More »
Be the first to comment!Eni chief executive says plan for pipeline to move gas to Cyprus ‘part of our discussion’
By Menelaos Hadjicostis, The Associated Press on June 27th, 2023
NICOSIA, Cyprus (AP) – The chief executive of energy company Eni said Tuesday that Cyprus-Israeli plans for a pipeline to move offshore natural gas from the two countries to Cyprus is “part of our discussion” with the Cypriot government. The gas would be processed for electricity generation and possible exportation. Eni CEO Claudio Descalzi said ... Read More »
Be the first to comment!Artificial intelligence takes centre stage at Collision tech conference in Toronto
By Tara Deschamps, The Canadian Press on June 27th, 2023
TORONTO – When the Collision tech conference got underway in Toronto on Tuesday, there were two words that dominated discussions across the Enercare Centre: artificial intelligence. From the speakers that took to the annual event’s stages to the swath of startups seeking investments and exposure, seemingly everyone had something to say about the technology that ... Read More »
Be the first to comment!How to protect yourself from credit card fraud — and what to do when it’s too late
By Pascale Malenfant, The Canadian Press on June 27th, 2023
Young Canadians are increasingly the targets of financial fraud, experts say, as the age group most comfortable with buying products online is likewise most exposed to risk. Sixty-five per cent of generation Z and millennials reported being a victim of at least one type of financial fraud in their lifetime, according to a recent survey ... Read More »
Be the first to comment!Canada’s inflation rate tumbles to 3.4%, but forecasters still expect July rate hike
By Nojoud Al Mallees, The Canadian Press on June 27th, 2023
OTTAWA – Canada’s inflation rate tumbled in May as price shocks caused by the Russian invasion of Ukraine have been mostly absorbed, but economists are still expecting the Bank of Canada to move ahead with another rate hike next month. Statistics Canada reported Tuesday the annual inflation rate fell to 3.4 per cent in May, ... Read More »
Be the first to comment!Brookfield makes takeover offer for American Equity Investment Life Holding
By The Canadian Press on June 27th, 2023
TORONTO – Brookfield Reinsurance Ltd. has made a stock-and-cash offer to buy American Equity Investment Life Holding Co. (AEL) that values the company at US$4.3 billion. Under the non-binding expression of interest, the reinsurance arm of Brookfield Corp. is offering US$55 for each AEL share it does not already own. The offer includes US$38.85 in ... Read More »
Be the first to comment!Largest grocers making more on food sales: competition watchdog
By Brett Bundale, The Canadian Press on June 27th, 2023
Canada’s grocery sector needs more competition to help keep food prices down and encourage new entrants, the country’s competition watchdog has found. In a highly anticipated study released Tuesday, the Competition Bureau said concentration in the grocery industry has increased in recent years and the largest grocers have grown the amount they make on food ... Read More »
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