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Tim Hortons roasted by Ontario Human Rights Tribunal + MORE Aug 28th
Canada’s favourite coffee shop has enjoyed a banner week on stock markets—but not in front of Ontario’s Human Rights Tribunal.
Fresh off its megadeal with Burger King, Tim Hortons has been ordered to pay $12,500 plus three months worth of lost wages to Joanne Ko-Csonka, a former restaurant des.... More »
Interest rates are last line of defence on household debt: Poloz - The Globe and Mail Oct 10th
The Globe and MailInterest rates are last line of defence on household debt: PolozThe Globe and MailBank of Canada Governor Stephen Poloz acknowledged on Saturday that rising high household debt represented a key vulnerability of Canada's financial system but said monetary policy should be the .... More »
RBC faces scrutiny following report of excess investor fees Jun 24th
The excess of fees charged were found in client accounts at the investment dealer RBC Dominion Securities and the bank’s mutual-fund dealer Royal Mutual Funds Inc., as well as asset manager RBC Phillips, Hager & North Investment Counsel Inc.
.... More »
Google parent Alphabet boosts revenue 21% + MORE Feb 5th
Google parent company Alphabet beat Wall Street expectations for its fourth quarter earnings Monday, but its stock slid in after-hours trading..... More »
Sales and earnings up at Nova Scotia Liquor in most recent quarter + MORE Oct 22nd
HALIFAX – Sales of locally produced wine, cider and craft beer went up over the summer at Nova Scotia Liquor Corp. outlets.
The Crown corporation says total sales between June 30 and Sept. 28 reached $169 million, a slight increase when compared with the same period last year.
Profits rose by .... More »
Canadian Stocks Could Outperform if Global Growth Hits 4%
– blogs.wsj.com
The country’s flagship stock index has history of beating S&P 500 when global growth is 4% or more, CIBC said. And that could happen this year.
One in three retirees has returned to work to pay the bills
– moneysense.ca
Nearly a third of retired Canadians, or 30 per cent, have returned to work and a major reason is that they misjudged how much their expected life of ease would cost.
Two new online surveys from ING Direct found that the divide between how much people saved, and how much they actually needed, was too wide to handle without a paycheque.
About 48 per cent of respondents in one survey who had returned to work cited financial concerns as the reason they took another job. And, of these, 31 per cent had returned to work full time.
Another online survey found that 33 per cent of respondents who went back to work said they hadn’t saved enough money for retirement, while 31 per cent said they faced higher living costs than expected.
The surveys portray a notable disconnect between Canadians’ expectations of life after the work force and the reality of the cost.
ING Direct said that respondents wished they had found more ways to save for retirement, that they had started saving earlier and hadn’t “spent money so mindlessly…
Two new online surveys from ING Direct found that the divide between how much people saved, and how much they actually needed, was too wide to handle without a paycheque.
About 48 per cent of respondents in one survey who had returned to work cited financial concerns as the reason they took another job. And, of these, 31 per cent had returned to work full time.
Another online survey found that 33 per cent of respondents who went back to work said they hadn’t saved enough money for retirement, while 31 per cent said they faced higher living costs than expected.
The surveys portray a notable disconnect between Canadians’ expectations of life after the work force and the reality of the cost.
ING Direct said that respondents wished they had found more ways to save for retirement, that they had started saving earlier and hadn’t “spent money so mindlessly…
The Canadian stock market will likely shine in 2014, playing catch-up after lagging strong growth recorded last year in other markets, according to a CIBC World Markets report published Tuesday.
Alliance Grain Traders buys Quebec food packager, distributor CLIC International
– canadianbusiness.com
REGINA – Alliance Grain Traders Inc. (TSX:AGT) says it has acquired most of the assets of Quebec-based CLIC International Inc., an ethnic and traditional retail food packager and canner and retail and food service distributor.
The cost of the acquisition by Saskatchewan-based Alliance Grain was not disclosed.
Alliance said the assets include inventory, retail packaging and canning production equipment, all CLIC and associated retail brands, retail and food service listings and customer contracts.
CLIC’s management team will remain with AGT’s new Quebec food division, AGT CLIC Foods Inc.
“The acquisition of CLIC bolsters our ingredient and packaged foods business segment, with small packaging and canning lines to distribute a broad line of pulses and ethnic foods to the North American and global retail and food service sectors,” president and CEO Murad Al-Katib said Tuesday in announcing the deal.
“This transaction is expected to assist in furthering our stated objective of moving AGT up the value chain and solidifying our transition from a commodity exporter to a food company,” he added…
The cost of the acquisition by Saskatchewan-based Alliance Grain was not disclosed.
Alliance said the assets include inventory, retail packaging and canning production equipment, all CLIC and associated retail brands, retail and food service listings and customer contracts.
CLIC’s management team will remain with AGT’s new Quebec food division, AGT CLIC Foods Inc.
“The acquisition of CLIC bolsters our ingredient and packaged foods business segment, with small packaging and canning lines to distribute a broad line of pulses and ethnic foods to the North American and global retail and food service sectors,” president and CEO Murad Al-Katib said Tuesday in announcing the deal.
“This transaction is expected to assist in furthering our stated objective of moving AGT up the value chain and solidifying our transition from a commodity exporter to a food company,” he added…
General Motors institutes first quarterly dividend since 2008
– theglobeandmail.com
Auto maker to pay dividend of 30 cents per share March 28
