Tory says foreign buyers tax is not a 'magic wand' to moderate house prices – CP24 Toronto's Breaking News + MORE Mar 10th

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CP24 Toronto’s Breaking NewsTory says foreign buyers tax is not a 'magic wand' to moderate house pricesCP24 Toronto’s Breaking NewsMayor John Tory says he remains unconvinced that a foreign buyers tax would work as a “magic wand” that would finally curb the soaring cost of Toronto real estate. Tory made the comment to CP24 on Friday; one day after Ontario Finance Minister Charles …Ontario reconsiders foreign home-buyer taxYorkRegion.comall 25 news articles »

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A daily rundown of the economic reports and corporate earnings that will be grabbing the market's attention in the week ahead

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Resolute Forest Products says that its Thorold newsprint manufacturing plant in southern Ontario will remain idle indefinitely—extending a shutdown that began late last year.
The plant had employed more than 100 workers who turned recovered paper into newsprint prior to ceasing operations in mid-December.
The Montreal-based company says the Thorold operation—southeast of St. Catharines and northwest of Niagara Falls, Ont.—may be converted to make different products with a more sustainable future.
Thorold’s shutdown followed the closure of a newsprint machine at its Augusta mill in the U.S. state of Georgia last May.
The company announced Feb. 2 that had written down the value of its recycled newsprint assets by $27 million in the fourth quarter—contributing to a $45-million net loss for the three months ended Dec. 31.
Resolute said Friday that it’s working with Stone House Investments Holdings, an independent third party interested in converting Thorold to production of an alternative product…

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CTV NewsPM Trudeau says Canada's regulations bring clarity energy companies needCTV NewsHOUSTON – Prime Minister Justin Trudeau says increasing confidence in environmental regulators will attract foreign investment in Canadian natural resources over the long run. Speaking in Houston, where he took part in an influential annual gathering …Majors exiting Canada's oil sands acting in own interest: TrudeauReuters CanadaJustin came to town againBrampton GuardianTalks Progressing on US-Canada Border Issues: PM TrudeauU.S. News & World ReportFuelFix (blog) -Natural Gas Intelligence -Oil and Gas Investor (registration) -Digital Journalall 18 news articles »

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