Business

7 things to watch for in today’s federal budget

Finance Minister Bill Morneau’s second federal budget isn’t expected to match last year’s big-ticket spending commitments. The big Liberal moves for the middle class rolled out for 2016. The 12-year infrastructure plan was the headline of the fall economic statement. The cupboard is bare now. Liberals are borrowing for the foreseeable future. So, what’s likely in 2017? Smaller, strategic moves. Here’s what to look for. A rosier economic outlook, but … ...

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TSX retreats 129 points, Wall Street sees red

Canada’s main stock index fell Tuesday as declines in banks, airlines and energy stocks dragged heavily on the market. The Toronto Stock Exchange’s S&P/TSX composite index dropped 129.19 points to 15,313.13, weighed down by losses across most sectors with the exception of gold. Financials took a big hit, with shares of Manulife Financial losing four per cent. The five major ...

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Airport privatization could hike costs and threaten security, Ambrose says

A “botched” job of selling off Canada’s airports would be costly for travellers and could even threaten national security, interim Conservative Leader Rona Ambrose says. The government is studying the potential privatization of some of Canadian airports, but has not yet made any decision.  On the eve of Wednesday’s federal budget, the Conservatives tabled an opposition day motion on Budget 2017 that includes calling ...

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Apple unveils cheaper iPad, red iPhones

Without the usual fanfare associated with some of its product launches, Apple on Wednesday rolled out a cheaper low-end iPad, a new iPad mini with more memory, and red iPhones. The new iPad, which replaces the iPad Air 2, comes with a 9.7-inch (24.25-centimetre) screen, a brighter display and a faster processor. It will go on sale Friday beginning at $449 for ...

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Shoppers computer crash means no debit purchases or points at some stores

Shoppers Drug Mart tells CBC News it’s experiencing intermittent computer system outages in stores across Canada. This may prevent customers from using their credit or debit cards to make purchases or from collecting Shoppers Optimum rewards points today. CBC News confirmed the problem with the drug store giant after hearing complaints from customers that they were having difficulty making purchases or getting their drug prescriptions filled ...

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Lack of comma sense ignites debate after ruling in $10M US suit

It all came down to a missing comma, and not just any one. And it’s reignited a longstanding debate over whether the punctuation is necessary. A U.S. federal appeals court decided this week to keep alive a lawsuit by dairy drivers seeking more than $10 million US in an overtime pay dispute. It concerned Maine’s overtime law, which doesn’t apply ...

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In open letter to Subway restaurant chain, Freshii proposes partnership

In a friendly open letter to the parent company of Subway restaurants, Canadian fast casual restaurant Freshii has proposed a tie-up between the two businesses. “Let’s explore a partnership in which we together convert select Subway stores to Freshii restaurants in a quick, low-cost way,” said the letter from Freshii founder and CEO Matthew Corrin published as a full-page newspaper ad in The Globe ...

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Retail sales rise 2.2% to $46 billion in January

Retail sales increased by 2.2 per cent to $46 billion in January led by broad-based gains in every province and almost every type of store. Sales at motor vehicle and parts dealers led the way with gains of  3.8 per cent. Sales at health and personal care stores increased 6 per cent, and general merchandise sales were up by 1.8 per ...

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Unique beer taps the latest craze in growing craft brewing boom

In the past five years, beer tap maker Chrislan Ceramics has seen its business double thanks to a boom in the Canadian craft beer industry. The Maple Ridge, B.C., manufacturer says it produces between 1,000 to 1,500 beer taps a week, up from around the 600 mark in 2012. Chrislan has designed beer taps featuring rocket ships, dog bones and ...

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Stubborn oil prices a budget problem for Finance Minister Bill Morneau

For more than two years, patrons at a downtown Calgary eatery have enjoyed a 20 per cent discount on every bottle of wine on weekdays. The Barcelona Tavern expected the promotion, dubbed “Time to Wine about Oil,” to last only a few months at the beginning of 2015. The price of oil was tumbling and the restaurant wanted to attract recession-weary Albertans by promising ...

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