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September 24, 2018 8:18 PM Sticking points remain as U.S.-imposed deadline looms for NAFTA deal

For example, Mexico agreed to a higher level of duty-free online shopping. However, in its agreement to not apply duty on goods up to $100, it also agreed to not apply sales tax, said the Canadian source — something Canada is not willing to do. “If you applied that to Canada, for example, if you went online to CanadianTire.ca and bought something for $80, you’d 7

September 24, 2018 1:19 PM Canada’s Barrick in $18B merger to create world’s largest gold miner

Toronto-based Barrick Gold Corp. has agreed to buy Randgold Resources for $7.9 billion in stock to create the world’s largest gold miner. Investors will receive 6.128 new Barrick shares for each Randgold share they hold. Shareholders in Barrick will own about 66.6 per cent of the merged company, which will combine Randgold’s African mines with Barrick’s 6

September 22, 2018 3:39 AM Hotel workers fear condo conversions threatening jobs

Wieditz said the hospitality sector is one of the few providing unionized jobs with decent wages to a workforce largely comprised of women of colour. That’s also part of the reason he believes the issue has been given short shrift, compared to the closure of places like the Mr. Christie’s factory in Etobicoke in 2012. There, the city rejected developers’ 8

September 21, 2018 1:31 AM Activision’s Duty to challenge Fortnite

The strong buzz bodes well for Activision, which already faced high expectations for its biggest release of the year. Analysts expect revenue from the Call of Duty franchise to jump 27% this year to about $1.9 billion, according to consensus estimates from Visible Alpha. That would help offset projected declines from other big games such as Destiny 11

September 19, 2018 10:58 PM U.S. steel and aluminum tariffs: Quebec firms not banging down the doors for aid

“With our partners, we are following very closely the impact of the tariffs on our economy,” said Guillaume Bérubé. Jean Simard, president of the Aluminium Association of Canada, said the number of requests for assistance may climb if Canada and the United States fail to settle their trade dispute. “Everyone is just finding out what the possible impacts 9

September 19, 2018 8:23 PM Potential replacements for Phoenix pay system to start testing soon, Treasury Board president says

The government earmarked $16 million in its last budget to search for a replacement for Phoenix, which has caused massive headaches for more than half of the country’s federal workers, many of whom have been overpaid, shortchanged or not paid at all. Brison said it is not yet known how much a replacement HR system will cost. It’s estimated that Phoenix 8

September 19, 2018 1:13 PM Malaysia former prime minister faces charges for abuse of power

KUALA LUMPUR, MALAYSIA—Malaysia’s anti-graft agency said former prime minister Najib Razak was arrested on Wednesday and will face further charges of abuse of power over the multimillion-dollar looting of a state investment fund. The agency said in a statement that Najib was detained at its office over the transfer of 2.6 billion ringgit ($814 million) 6

September 18, 2018 4:41 PM Visa, Mastercard reach $6.2 billion settlement on swipe fees

NEW YORK—Visa Inc. and Mastercard Inc. agreed to pay as much as $6.2 billion to end a long-running price-fixing case brought by merchants over card fees, the largest-ever class action settlement of an antitrust case. The total is in line with sums the two companies previously set aside to cover the costs of the litigation, including $5.3 billion already 11

September 17, 2018 7:57 PM Marijuana may take Shopify stock price to new heights

The cloud-based commerce platform is already carrying billion-dollar brands like Fashion Nova, Rebecca Minkoff, LeSportsac and Kylie Cosmetics. Having established itself as the “go-to platform” in this sphere, Shopify already has a leading position in Canada cannabis. With retail sales starting October 17, the opportunity could serve as a driver for both revenue 11

September 14, 2018 7:11 PM Trump wants $200 billion in China tariffs despite talks, sources say

U.S. President Donald Trump instructed aides on Thursday to proceed with tariffs on about $200 billion more in Chinese products despite his Treasury secretary’s attempt to restart talks with Beijing to resolve the trade war, according to four people familiar with the matter. But an announcement of the new round of tariffs has been delayed as the administration 13