Category: Business

Quebecor sells English papers to Postmedia Network for $316 million

| October 6, 2014 | 0 Comments
Quebecor sells English papers to Postmedia Network for $316 million

Calgary Sun included in Postmedia deal Postmedia Network Canada Corp. announced a deal to buy Sun Media Corp.’s English-language operations from Quebecor on Monday for $316 million in a deal that it says gives it the scale to compete in the changing media environment. Postmedia chief executive Paul Godfrey said Sun Media’s digital properties, including […]

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Ask Tammy: Why do my parents make me save my money?

| October 1, 2014 | 0 Comments
Ask Tammy: Why do my parents make me save my money?

Ask Tammy answers children’s questions  about money. Email questions to asktammy@thefinancialguides.com Dear Ask Tammy:  Whenever I get any money (allowance, Christmas, birthdays) my parents always make me split it up into my jars.  Why don’t they just let me do what I want with my money? – It’s My Money Dear It’s My Money:  It can […]

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Possible CN Rail fines: Ottawa says company not moving enough grain

| September 18, 2014 | 0 Comments
Possible CN Rail fines:  Ottawa says company not moving enough grain

CN Rail fines – company says demand has fallen Canadian National Railway (TSX:CNR) will be fined for failing to comply with an order that it move a minimum amount of grain each week, a spokeswoman for federal Transport Minister Lisa Raitt said Wednesday in a move that caught the railway by surprise. “As CN was […]

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Canadian manufacturing sales set record in July

| September 16, 2014 | 0 Comments
Canadian manufacturing sales set record in July

Canadian manufacturing sales led by primary metals, transportation equipment Statistics Canada says Canadian manufacturing sales rose 2.5 per cent to $53.7 billion in July, exceeding the previous record of $53.2 billion set in July 2008. The agency says the July gain was mainly due to higher sales in the transportation equipment and primary metals industries. […]

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WestJet now charging $25 for first luggage bag

| September 15, 2014 | 2 Comments
WestJet now charging $25 for first luggage bag

WestJet says new fee expected to affect 1 in 5 of its travellers WestJet Airlines (TSX:WJA) says it will charge a $25 fee for the first checked bag for passengers travelling on economy fares within Canada and also between Canada and the U.S. The new fee will apply to bookings starting Monday for travel as of Oct. 29. […]

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Working women soon to outnumber men in Canada

| September 10, 2014 | 0 Comments
Working women soon to outnumber men in Canada

Working women still under-represented in skilled trades The growing role of working women arguably qualifies as the most consequential socio-economic development of the past 50 years. As more women have entered the formal labour market, the productive capacity of our economy has been augmented. Indeed, increased “labour input” – more people working – has been […]

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Pick and play TV coming to Canada soon?

| September 8, 2014 | 0 Comments
Pick and play TV coming to Canada soon?

CRTC holding hearings may soon allow Canadians to pick and play TV channels instead of buying bundles The country’s broadcast regulator has begun two weeks of hearings aimed at dramatically changing how Canadians get the TV they watch – including the controversial pick and play option. The hearings, dubbed “Let’s Talk TV,” are not just about conventional […]

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Tim Hortons an icon of Canadian ‘culture’?

| August 28, 2014 | 0 Comments
Tim Hortons an icon of Canadian ‘culture’?

Tim Hortons assures Canadians nothing will change with new American and Brazilian ownership Few things unite Canadians the way Tim Hortons does. For half a century, they have warmed themselves on chilly mornings with the chain’s coffee and Timbits - or doughnut holes to Americans. So news this week that Burger King will buy Tim Hortons […]

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Tim Hortons says merger with Burger King all about growth

| August 26, 2014 | 0 Comments
Tim Hortons says merger with Burger King all about growth

Tim Hortons downplays importance of Canadian tax advantages for Burger King Burger King and Tim Hortons are teaming up in a US$11-billion deal that will allow the fast food companies to grow in the U.S. and internationally, but promises no changes to Canadians’ morning coffee. “One of the key value drivers of this transaction is […]

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Tim Hortons, Burger King eyeing ‘tax inversion’ merger

| August 25, 2014 | 0 Comments
Tim Hortons, Burger King eyeing ‘tax inversion’ merger

Canadian coffee shop chain Tim Hortons says it wants to expand internationally Burger King is in talks to buy Tim Hortons in hopes of creating a new, publicly traded company with its headquarters in Canada. With a new base in Canada, Burger King, now based in Miami, could shave its U.S. tax bill. Tax inversions […]

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