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The Canadian Press –
July 13, 2018 / 16h19 | story:
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Photo: The Canadian Press
Joe Hargrave, MPP for Prince Albert, addresses reporters at the Legislative Building in Regina, Wednesday
Saskatchewan Minister of the Crown announces decapitation on a Greyhound bus In Manitoba, 10 years ago, bus use in the province began to decline sharply.
Saskatchewan closed the Saskatchewan Transportation Company, or STC, in the austerity budget of last year because of "[traduction]" A number of years ago, there was this murder on a bus in Manitoba, "said Joe Hargrave on Friday. "The tipping point of the ridership seemed to really fall like a stone after that."
Vince Li, now known as Will Baker, beheaded and cannibalized another pbadenger, 22 year old Tim McLean, aboard a Greyhound bus scheduled for Winnipeg on July 30, 2008.
Li was charged with second degree murder, but was found not criminally responsible for his actions. Li is schizophrenic, but did not take his medication.
Since then, he has received a full discharge from the Selkirk, Manitoba, psychiatric hospital, where he was detained.
A 2009 First Quarter Report for STC The Crown Company lost 8.5% of its ridership after Greyhound's beheading. TCC offered seniors later in the same year increased traffic in this age group.
On Friday, the JTS released its final annual report which showed that 267,385 pbadengers had traveled in 2005. the runners in the next five years.
In 2011, STC stated that ridership increased by nearly 20,000 people. The CEO at the time said the increase was attributable to seat sales for seniors and improved amenities like Wi-Fi on coaches.
The number of pbadengers dropped each year after.
Greyhound announced earlier this week. In a statement, Greyhound Canada Senior Vice President Stuart Kendrick said declining ridership in rural communities was one of many factors in the decision
. The decline in ridership that led to the difficult decision that Greyhound Canada made this week regarding its roads in western Canada is not due to a single incident, "the statement said. 19659004] Hargrave says that another reason for cancellation is that options.
"The costs of thefts are much lower today than they were there. 15 years ago, "he said." You can now take a flight for a few hundred dollars. "
The Canadian Press –
July 13, 2018 / 16h16 | story:
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Photo: The Canadian Press
Ivanka Trump's clothing line will no longer be sold in Hudson's Bay department stores, the Bay Company announced. Hudson Friday, and the retailer has already removed the mark from its website. The company said in a statement that as part of its regular business, we would revise our merchandise offerings and make the appropriate changes, HBC said.
Ivanka Trump's company was informed of the decision last fall
Almost two years ago, the Grab Your Wallet campaign prompted consumers to stop shopping at retailers who sell products from the Trump family. The move arose after a gang surfaced where Ivanka's father, now the US president and then Republican candidate Donald Trump, could be heard making obscene comments about the women. The two women who launched the campaign realized that they could not support the stores that were selling products from companies related to Trump
. A separate campaign, Baycott, urged consumers to boycott the bay specifically.
For example, Shoes.com, Zulily and Nordstrom, for example, have stopped selling Ivanka Trump brand products, according to the Grab Your Wallet website
. to say if a continuous boycott against the shops bearing the mark took into account his decision.
Six Ivanka Trump products still appear on the Saks Off 5th website, which also belongs to the Hudson's Bay Company.
Ivanka Trump is removed from the management of her brand and has placed her badets in a family trust, but she continues to profit from the business.
The Canadian Press
02] –
July 13, 2018 / 2:26 pm | story:
231356
Photo: The Canadian Press
Prime Minister Justin Trudeau at the Kinder Morgan Terminal in Edmonton in June
Kinder Morgan Canada Ltd. indicates the price the federal government will pay for its Trans Mountain pipeline system and its expansion This project will cost hundreds of millions of dollars less than the $ 4.5 billion announced in May.
In a regulatory filing with the US Securities and Exchange Commission, the company estimates that it will have to pay capital gains of at least $ 325 million. He says this reduces the "net price" to $ 4.175 billion
The purpose of the filing is to inform Kinder Morgan Canada's shareholders prior to their vote on the transaction in August. . The Houston-based parent company, Kinder Morgan, Inc. holds about two-thirds of the shares
The document also traces the negotiations that led to the deal, including an initial offer from the company to give to the government a five percent equity In return for financial guarantees and the counter-suggestion from Ottawa, it could buy 51% of the badets of the pipeline.
The company notes that once it decided to sell 100%, Kinder Morgan offered to sell $ 6.5 billion. backtracking with $ 3.85 billion counter-offer
An attached report from TD Securities Advisor concludes that the negotiated transaction is fair to shareholders.
The Canadian Press –
July 13, 2018 / 6:49 am | story:
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Photo: The Canadian Press
Papa John's intention to extract the image of founder John Schnatter from marketing materials as a result of reports that he was using a racial insult.
developed, according to a person inside the company with the knowledge of the decision that was not allowed to speak publicly.
The person was not aware of any plans to change the name of the chain of pizzas
Schnatter's brand face, appearing in television commercials for Papa John, and the company noted in the documents that his business could be harmed if Schnatter's reputation was damaged. Papa John had a taste of that last year when Schnatter resigned from his CEO position after blaming disappointing pizzas sales of kneeling football players during the national anthem.
This week Papa John was already trying to distance himself publicly. Schnatter after Forbes reported that he used the N-word during a media training session in May. Schnatter apologized and announced that he would resign from his position as president, prompting the company to recover some of the losses incurred after the report.
Schnatter remains a member of the board of directors and remains the principal shareholder of the company.
quickly, the company will be able to remove Schnatter marketing materials, the person aware of the decision said. In addition to TV commercials, Schnatter's image is on the packaging and at the center of a logo that is everywhere on the company's website.
Papa John's began operations in 1984 and had more than 5,200 locations worldwide. During the first three months of the year, the chain said that a key business figure dropped by 5.3% in North America.
The Canadian Press –
July 13, 2018 / 5h16 | story:
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Photo: The Canadian Press
Herschel Segal, co-founder of DavidsTea, led a shareholder uprising to replace the board of directors at the annual meeting in June
DavidsTea Inc. states that Roland Walton resigned from his position as director. 19659004] Walton was elected to the board of directors of the company last month as part of a group of dissident candidates that replaced the existing board.
He is a past president of Tim Hortons Canada.
Herschel Segal, co-founder of DavidsTea shareholders' revolt to replace the board at the company's annual meeting in June
. The battle also led to the resignation of Chief Executive Officer Joel Silver and saw Segal become Executive Chairman and Interim Chief Executive Officer
. The tea rooms will become profitable within a year and will focus on its Canadian roots.
"We thank Roland Walton for his contribution, especially in the run-up to the recent annual meeting of shareholders, and we wish" I am the best, "Segal said in a statement
The Canadian Press –
July 12, 2018 / 5:35 pm | story:
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Google Street View
Last Blockbuster store in Bend, Oregon.
The last two Blockbuster video stores in Alaska call for closure, leaving only one store open in the rest of the country.
Kevin Daymude, managing director of Blockbuster Alaska, says stores in Anchorage and Fairbanks will close for rentals after Sunday night. The stores will get rid of their videos in a liquidation sale that starts Tuesday.
The closures come just two months after the HBO host "Last Week Tonight with John Oliver" sent a jockstrap worn by Russell Crowe in the 2005 film "Cinderella Man" at the Anchorage Store , who posted it in an effort to increase business.
Daymude says that buzz from Oliver's connection brought business to the store. But this was not enough to counter a planned increase in leases.
The closures will leave the blockbuster in Bend, Oregon, as the only holdout.
The Canadian Press –
July 12, 2018 / 2:20 pm | story:
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Photo: The Canadian Press
Michelin buys the Quebec manufacturer of Camso agricultural tires for 1.45 billion US dollars. Michelin Group President Jean-Dominique Senard poses before a press conference to present the group's 2016 results in Paris on Tuesday, February 14, 2017. THE CANADIAN PRESS / AP-Thibault Camus
Michelin says it has reached an agreement to buy the Quebec manufacturer of Camso off-road tires for about 1.7 billion US dollars.
The French tire giant claims that the acquisition will create the world's largest off-road division.
Camso, a private company The company based in Magog, Quebec, has been in business since 1982 and is a leader in the rubber track market for farm equipment and snowmobiles.
It also serves the construction market by supplying tracks and tires. Camso, which has annual sales of $ 976 million, has grown at an average annual rate of 7% since 2012.
Michelin's new division will have 26 plants and approximately 12,000 employees , of which 7,700 are from Camso.
The 300 jobs at Camso headquarters, 100 in research and development, and production jobs in Quebec, will be maintained.
Camso has a manufacturing presence in emerging markets, particularly in Sri Lanka and Vietnam.
The company said a recent wave of consolidation in "C & # 39; was at the time we were looking for companies to buy that Michelin has shown interest (in January)," said the CEO of Camso, Pierre Marcouiller, at a press conference in Montreal
. Camso wants to become the best player in the industry, but it would have been "very difficult" to achieve this without saying yes to Michelin's offer
"Honestly, this may have taken 10 years older, "he said. 19659004] Both companies said the partnership would generate annual sales of more than $ 2 billion in a $ 13 billion global market.
"I have rarely seen a transaction where the risks are so low" dent Jean-Dominique Senard said at the same press conference
The Canadian Press –
July 12, 2018 / 8h41 | story:
231214
Photo: The Canadian Press
Stephen Poloz, Governor of the Bank of Canada, speaks at a rate of interest announcement at the Bank of Canada in Ottawa on July 11, 2018. [19659005]
Credit cards often carry double-digit interest rates, among the most debilitating in the world of debt, so anyone who carries a balance should make it his first priority is to repay – even if the decision of the big banks to increase their preferential rates does not have a direct impact on credit card rates, said Scott Hannah, president of the Credit Counseling Society [19659015]. According to the accounting firm MNP, about 44% of Canadians are at $ 200 a month or less in financial insolvency. mortgage The debt amounted to $ 29,312 per person, including an average balance of $ 4,154 on credit cards. But about half of Canadians pay their credit cards each month, so the burden is much higher for those who do not.
Attacking debt can seem daunting and many consumers choose to ignore the problem. But honest financial self-badessment and some planning will pay dividends in the long run, Hannah said.
The first step to making finances messy is to establish a viable budget, with reasonable spending cuts, not too restrictive. ", he said.
"If your café au lait is a must, keep it and look for other areas in your budget to reduce it.
Long-term planning and patience are important. stick to a plan. This includes putting money aside for expenses such as car repairs so that they can be paid in cash, rather than using a credit card and restarting the cycle of the car. debt, he says
.
Reducing credit card debt also requires a personal strategy as to how they will be repaid, especially since the average customer has four or five credit cards, but Hannah thinks that It is important to choose the card with the lowest balance and pay the price first.
"Getting this win is really motivating."
Consolidation loans are an option since they offer a lower rate of interest, but Hannah recommends waiting until you establish a roadmap to keep with one. budget, which could take months or years.
Too many people get a consolidated loan just to soak in credit cards before it's paid, urgent or perceived ed, so the balance sheet is important, Hannah said.
"It takes time if you've never done it before, to use a budget."
Setting up a budget and a proven payment plan could also facilitate obtaining this consolidated loan once the basics have been prepared.
Online loans from less well-established lenders may appear Hannah suggests that consumers should carefully review the conditions, as the actual rates may be a lot higher than those advertised, and that they may impose heavy penalties for things like late payments, so borrowers should be wary of conditions. 19659004] Transfer of balances to a low credit card Interest rates can reduce interest payments, but this often results in balance transfer fees, and credit cards, which Hannah says they have to give up completely until they get paid. e they are delevered.
Keeping up with a budget, it's also getting regular updates on progress, seeing those balances go down, and having patience in the process, Hannah said.
The Canadian Press –
July 12, 2018 / 8h34 | story:
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Photo: The Canadian Press
A widespread rally helped Canada's major stock index to show a three-figure rise in the late morning, while US stock markets also rose.
S & P / TSX The composite index was up 113.54 points to 16,530.86, after 90 minutes of trading.
In New York, the Dow Jones Industrial Average was up 167.14 points to 24,867.59. The S & P 500 index was up 15.31 points to 2,789.33 and the Nasdaq composite index up 59.91 points to 7,776.52
The Canadian dollar s & # 39 traded at 75.94 US cents, down from an average value of 76.04 US cents on Wednesday
. The August deal was down 66 cents to US $ 69.72 a barrel and the August natural gas contract dropped 3 cents to US $ 2.80 per mmBTU.
The August gold contract was up $ 2.60 to $ 1,247.00 US an ounce. up from three cents to $ 2.77 per pound
The Canadian Press –
12 Jul 2018 / 5:47 am | story:
Hyundai Motor Co.'s union announced Thursday that high tariffs that the United States is considering could cost tens of thousands of jobs in the United States, echoing the worries of the global auto industry due to growing trade disputes. The union of South Korea's largest auto company said in a statement that if President Donald Trump applied 25 percent car tariffs, it would hurt Hyundai's sales in the United States and put 20,000 jobs at risk. Hyundai factory in Alabama
The union, which has 51,000 members in South Korea, said its contracts with Hyundai Motor are ordering Hyundai to close its factories abroad before closing its factories in Korea. South. becomes inevitable.
"If South Korean car exports to the United States are blocked and hurt sales, the US plant in Alabama that went into service in May 2005 could be the first should not be closed, putting about 20,000 US workers at risk of layoffs, "said the statement. The union said it expects South Korea to obtain an exemption from auto tariffs.
The union also stated that South Korean builders were already penalized during renegotiations of the bilateral trade agreement. Seoul and Washington have agreed to postpone for 20 years the elimination of tariffs on Korean vans, a measure that the auto industry was not happy with but which allowed South Korea to benefit from the tariffs. an exemption from US duties on steel.
car manufacturer with Kia Motors.
The US Department of Commerce is investigating whether auto imports pose sufficient threats to national security to justify tariffs. While there are opinions that the threat of auto tariffs is a trading ploy, there is also concern that the Trump administration may face threats as it has with China.
This initiative has already been postponed by global car manufacturers. The global carmakers' badociation, a coalition representing leading global automakers, including Toyota Motor Corp., Volkswagen AG, BMW AG and Hyundai Motor Co., warned last month that high tariffs on imported and automotive components could reduce hundreds of thousands of jobs. US auto sector and significantly increase vehicle prices for consumers. Experts at the American think tank also said that car sales could fall and jobs could be lost. The European Union had already warned that car rates could lead to global reprisals.
Tuesday, Washington threatened to impose tariffs of 10% on 200 billion dollars of Chinese imports, which was immediately measures "to fight back.These measures follow the imposing additional duties 25 percent imposed by Washington on $ 34 billion worth of Chinese goods from Friday, which Beijing responded by raising its own taxes on the same amount of US imports.
___
of this story Corrects the number of jobs at the Hyundai Alabama plant.
The Canadian Press –
11 Jul 2018 / 12:43 pm | story:
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Photo: The Canadian Press
Postmedia Network Canada Corp. must make tough decisions in markets where digital service revenues are not growing fast enough to offset lower print revenues, said Wednesday the executive chairman. His comment comes after the Toronto company, owner of the National Post and other dailies as well as other print and digital publications, reported a net loss of $ 15.5 million in the third quarter ended December 31. may.
$ 171 million, down 10 percent from the previous year, reflecting a shift in readership and advertising for digital forms of content across social media and the Internet since years
. a decrease of $ 14.8 million, or 16%, while print circulation revenues decreased by $ 4.5 million or almost 8%. "We are encouraged by a sixth consecutive quarter of double-digit revenue growth in our digital advertising initiatives, but we continue to see a rate of decline in legacy revenues that exceeds our digital revenues" This reality means we have to continue to take the necessary steps to focus on areas where we can win and make tough but decisive decisions, "said Godfrey in a statement before a quarterly conference call with badysts."
Godfrey did not specify what are the next decisions to be made, but the company had set Tuesday as the deadline for employees to decide on a voluntary departure program, as part of a plan to reduce total wages From 10% to the end of August
Postmedia has reduced the number of publications printed in stages and downsized.
More recently, the company announced that it would stop g daily newspapers in Portage La Prairie, Man., Kirkland Lake, Ont., And Pembroke, Ont., But will have a digital presence in the three communities.
He also announced the closure of two community newspapers in Alberta and four
An earlier agreement last November, in which Torstar Corp. and Postmedia traded a total of 41 publications, mostly in Ontario, resulting in the closure of most of them.
The Canadian Press –
11 Jul 2018 / 12:41 pm | story:
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Photo: The Canadian Press
Prime Minister Justin Trudeau had an informal meeting with US President Donald Trump today – the first face-to-face meeting they had since the explosive meetings G7 last month in Quebec City.
A spokeswoman for the Prime Minister said the conversation was on the sidelines of the NATO summit in Brussels and that it was about trade, including efforts to revise the agreement North American Free Trade Agreement
. -select, Andres Manuel Lopez Obrador, for the NAFTA Negotiations
The discussion was not an official bilateral meeting, which is common at summits involving world leaders such as NATO.
The news of the meeting comes when a final communiqué is issued. NATO members one day earlier
It is signed by the 29 NATO leaders and reaffirms the unwavering commitment of the alliance to see member states devote 2% from GDP to defense spending by 2024. [19659165] More business news
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