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  • Revenue Canada to tax employee discounts but Ottawa says it's not 'targeting' retail workers

    October 10, 2017 9:54 PM 10

    2 million retail workers could now face new taxes on merchandise purchased with an employee discount The national revenue minister says she is not looking to target the country's retail workers, even after the Canada Revenue Agency (CRA) issued guidelines to business owners that could pave the way for new taxes on merchandise purchased with an employee

  • What a Sears liquidation could mean for Nova Scotia

    October 10, 2017 8:55 PM 22

    'I have 25 years with Sears, and this is like starting all over again' At least 140 people in Nova Scotia are in danger of losing their jobs as Sears Canada prepares to ask for court approval to liquidate its remaining stores and assets across Canada. Sears Canada announced on Tuesday it is applying to the Ontario Superior Court of Justice for liquidation

  • Toronto airline will soon fly to Barrie, Kitchener-Waterloo, London

    October 10, 2017 7:32 PM 10

    TORONTO -- FLYGTA Airlines says it will soon fly daily to three new Ontario destinations out of Toronto's Billy Bishop Airport, including an 18-minute flight to technology hub Kitchener-Waterloo. The Canadian airline says travellers will be able to fly with them from Toronto to Barrie's Lake Simcoe Regional Airport and Region of Waterloo International

  • Sears Canada to ask court for permission to liquidate all remaining stores

    October 10, 2017 5:35 PM 12

    Retailer seeks to begin liquidation sales no earlier than Oct. 19 Sears Canada said Tuesday it plans to seek court approval to begin liquidation of all of its remaining stores and assets. "Sears Canada, with the recommendation of its advisers and approval of the monitor, FTI Consulting Inc., is seeking an order to commence a liquidation that would result

  • Trump administration: Court can't suspend pipeline decision

    October 10, 2017 4:59 PM 11

    BILLINGS, Mont. -- The Trump administration says a federal court has no authority to second-guess a presidential permit for the proposed Keystone XL oil pipeline from Canada. Justice Department attorneys are due in U.S. District Court in Montana on Wednesday to argue for the dismissal of two lawsuits that challenged the March permit for the 1,179-mile

  • Ikea on Amazon? Swedish firm to test sales in online stores

    October 10, 2017 1:05 PM 10

    STOCKHOLM - Ikea will start selling furniture through third-party websites to find new ways to reach customers in the digital age, though "no decisions are made regarding what platforms/markets will be in the pilot." Kaisa Lyckdal, spokeswoman for the Swedish home furnishing giant, says the aim is to start a trial in 2018 and that Ikea is "curious" as to how to broaden

  • CMHC says pace of housing starts slowed in September as multi-unit starts slipped

    October 10, 2017 1:00 PM 6

    OTTAWA - The pace of housing starts in Canada slowed in September compared with August. Canada Mortgage and Housing Corp. says the seasonally adjusted annual rate of housing starts slipped to 217,118 units in September, down from 225,918 units in August. The annual pace of urban starts fell 5.1 per cent in September to 198,910 units as the pace of multi-unit

  • UK business minister to make statement on Bombardier after 1130 GMT

    October 10, 2017 10:05 AM 22 3

    LONDON (Reuters) - British business minister Greg Clark will make a statement to parliament on Canadian aerospace manufacturer Bombardier on Tuesday (TO:) sometime after 1130 GMT, parliament announced. Prime Minister Theresa May intervened in a trade row between Canada and the United States after a complaint by Boeing (N:) led to the U.S. Department

  • CommSec Daily Report Tuesday

    October 10, 2017 2:21 AM 11

    The Australian market is off to a firmer but quiet start, with the ASX 200 index up 0.1 per cent and approaching a one-month high. Local businesses experienced strong conditions in September but this isn't picking up the wider economy, a NAB survey found. Nearly 100 environmental and poverty fighting groups jointly released a letter Tuesday slamming

  • This Elon Musk Meme Made Us LOL

    October 9, 2017 11:33 PM 12

    Elon Musk might be most well known in the automotive world as the CEO of Tesla, but he’s much more than that. He first began making a name for himself with PayPal and these days he’s launching rockets with SpaceX, boring tunnels in Los Angeles, and looking for ways to invent faster methods of travel with Hyperloop. So when we saw this meme of Elon Musk pop up on the Internet