January 23rd, 2018

Business

Cara’s ready for U.S. and Canadian expansion after the Keg’s purchase

By Tara Deschamps, The Canadian Press on January 23rd, 2018

TORONTO – Cara Operations Ltd. is beefing up its already large presence in the Canadian restaurant business with a $200-million acquisition of Keg Restaurants Ltd., a move that could help take a bigger bite out of the U.S market. The acquisition announced Tuesday adds 106 steakhouses to the Vaughan, Ont. company’s empire of 1,259 restaurants, ... Read More »

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Automakers to generate low returns on electric cars for years to come: Moody’s

By Ross Marowits, The Canadian Press on January 23rd, 2018

MONTREAL – Moody’s Investors Service says global automakers, aside from Tesla, will generate low returns on battery electric vehicles even though sales will surge by 2030. The rating’s service estimates that electric vehicles will account for about seven to eight per cent of global auto sales by 2025, rising to 17 to 19 per cent ... Read More »

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Rising interest rates could negatively impact Ontario’s economy:Report

By Shawn Jeffords, The Canadian Press on January 23rd, 2018

TORONTO – Rising interest rates could have a “significant” impact on Ontario’s economy as the already ballooning household debt is projected to continue to grow, warns the province’s fiscal watchdog. The Financial Accountability Office said in a report released Tuesday that an average Ontario household owed nearly $154,000 in 2016, up from $119,000 in 2010. ... Read More »

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Bell Canada alert prompts RCMP, privacy watchdog to investigate data breach

By David Paddon, The Canadian Press on January 23rd, 2018

TORONTO – The RCMP has launched an investigation into a data breach at Bell Canada that appears to have compromised customer names and email addresses, but no credit card or banking information. Media reports put the number at about 100,000 but RCMP spokeswoman Stephanie Dumoulin, at the police force’s national division in Ottawa, and the ... Read More »

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Fire is out after tanker truck and rail car collide in Port Coquitlam, B.C.

By The Canadian Press on January 23rd, 2018

PORT COQUITLAM, B.C. – A spectacular explosion and fire, fuelled by ethanol, has been allowed to burn out in Port Coquitlam, B.C. Residents were forced from the neighbourhood, a local mall was evacuated and the nearby Lougheed Highway was closed for several hours Monday night when a tanker truck collided with a rail engine, Fire ... Read More »

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Rail conductor involved in Banff crash fired again for social media posts

By Lauren Krugel, The Canadian Press on January 23rd, 2018

CALGARY – A Canadian Pacific Railway conductor who was fired following a 2014 derailment in Banff and later reinstated has been dismissed again – this time over social media posts that included several sexy modelling photos. Stephanie Katelnikoff says she received a letter from her employer last fall attached to a package of screen grabs ... Read More »

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P.E.I. premier battles Nova Scotia mill’s plan to pump effluent into Strait

By The Canadian Press on January 23rd, 2018

CHARLOTTETOWN – Prince Edward Island’s premier has come out against a Nova Scotia pulp mill’s plan to pump effluent into the Northumberland Strait. Wade MacLauchlan has voiced his disapproval of Northern Pulp’s proposal in a letter to Nova Scotia Premier Stephen McNeil and to federal Environment Minister Catherine McKenna. MacLauchlan says he shares concerns by ... Read More »

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QuickQuotes from business on Canada agreeing to revised TPP trade deal

By The Canadian Press on January 23rd, 2018

Canadian business sectors had mixed reactions to news that Canada and the remaining members of the Trans-Pacific Partnership had agreed to a revised trade agreement. Here’s what a few are saying. ___ “It’s a pretty sombre day for the 220,000 Canadians that depend on dairy for their livelihood…The domestic dairy sector has already been carved ... Read More »

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Chanel’s garden couture delights Paris celebrity guests

By Thomas Adamson, The Associated Press on January 23rd, 2018

PARIS – Rose scents mingled with celebrities such as Marion Cotillard, Sofia Coppola and Rita Ora at Chanel’s couture display in Paris on Tuesday. This season, designer-showman Karl Lagerfeld recreated a verdant royal garden inside the Grand Palais to showcase his bucolic creations. Some highlights from Tuesday’s spring-summer 2018 shows: CHANEL’S GARDEN COUTURE Chanel’s fragrant ... Read More »

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Fire doused after tanker truck and rail car collide in Port Coquitlam, B.C.

By The Canadian Press on January 23rd, 2018

PORT COQUITLAM, B.C. – A spectacular fire, fuelled by ethanol, has been allowed to burn out in Port Coquitlam, B.C. Residents were evacuated from the neighbourhood and the nearby Lougheed Highway was closed for several hours Monday night when a tanker truck containing ethanol and a rail car collided. The collision happened in a Canadian ... Read More »

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P.E.I. premier against plan to pump Nova Scotia mill’s effluent into Strait

By The Canadian Press on January 23rd, 2018

CHARLOTTETOWN – Prince Edward Island’s premier has come out against a plan by a Nova Scotia pulp mill to pump effluent into the Northumberland Strait. Wade MacLauchlan has voiced his disapproval of Northern Pulp’s proposal in a letter to Nova Scotia Premier Stephen McNeil and to federal Environment Minister Catherine McKenna. MacLauchlan says he shares ... Read More »

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