Home / Tag Archives: Canada

Tag Archives: Canada

Stephen Harper’s cuts help Canada buck global post-recession trend toward higher taxes

1203harper.jpg

Tax cuts were the mainstay of Stephen Harper’s tenure as Canada’s prime minister before his defeat to Justin Trudeau in October, with his Conservative government brushing off the impact of the global recession to curb federal tax revenue to the lowest since before the Second World War as a share …

Read More »

Sears Canada says online business in need of major overhaul

1203sears.jpg

TORONTO – With Internet retail sales expected to hit new highs over the Christmas period, Sears Canada’s executive chairman admits the department store’s Sears.ca online business is in need of a major overhaul. “We have some very, very, very big plans to modernize what we do — both online and …

Read More »

Bank of Canada willing to resort to below-zero interest rate in face of major economic crisis, Poloz says

1208poloz.jpg

TORONTO — The Bank of Canada would be willing to cut its benchmark interest rate to below zero per cent if the country is faced with a major economic shock, says Stephen Poloz, governor of the Bank of Canada. People in Sweden are hiding cash in their microwaves because of …

Read More »

Canada’s top 10 pension funds tripled in size since 2003, with assets worth over $1.1 trillion: study

chicago-skyway.jpg

TORONTO — Canada’s biggest 10 public pension funds now manage assets worth more than $1.1 trillion, having tripled in size since 2003, according to a study published by the Boston Consulting Group on Thursday. The funds have expanded rapidly in recent years, pursuing a strategy of directly investing in assets …

Read More »

Canada’s challenge is how to make money selling the world’s cheapest oil — but it can be done

oil6.jpg

CALGARY — Rock bottom oil prices could be the single biggest challenge facing Canada’s economy in 2016. Never mind $35 a barrel, Canada’s oil is selling for closer to $20 As oil crashes through $35 in New York today, Alberta, which produces the world’s cheapest oil at the highest cost, …

Read More »

EU court backs airlines, including Air Canada, reversing fine over air freight price fixing

1216aircanada.jpg

Air France-KLM and 10 other airlines, including Air Canada, have won a challenge against a near 800 million-euro (US$1.2-billion) fine for fixing air freight charges, with Europe’s second highest court saying on Wednesday that it found the EU decision contradictory. The European Commission in a 2010 finding said that 11 …

Read More »

Trade war with U.S. likely averted, but Canada keeps retaliation on the table

meat-labels.jpg

A looming trade war between Canada and the U.S. over meat labelling moved closer to resolution Wednesday, but Ottawa is keeping the threat of retaliation on the table until there’s a full surrender south of the border. Two Liberal cabinet ministers refused to withdraw the threat of retaliation following the …

Read More »

U.S. real estate firm reaches into Canada: Savills Studley acquires Real Facilities

toronto.jpg

One of the large U.S. real estate firms focusing solely on tenants is moving into the Canadian market. Savills Studley is set to announce Monday that it has acquired Toronto-based Real Facilities for an undisclosed amount. The new Toronto office will continue to provide tenant representation, transaction management, capital markets, project …

Read More »

Butter shortage forces Canada’s dairy commission to import 8.8-million pounds of butter as cream supply dries up

1217butter.jpg

During the recent debate over Canada signing the Trans-Pacific Partnership trade agreement, the dairy industry here rolled out a public relations campaign aimed at fighting to keep out imported products and convincing Canadians to cherish instead the bounty of milk, cream and butter that come from our home and native …

Read More »

Brain drain threatens Canada’s dominance in artificial intelligence: ‘We are losing our top talent’

1217robot.jpg

With a tech industry one-third the size of California’s, Canada has confounded expectations by becoming a leader in the booming market for artificial intelligence. Pioneering technologies developed in Canadian labs can be found in Facebook’s facial recognition algorithms, Google’s Photos app, smartphone voice recognition and even Japanese robots. Now Canada …

Read More »