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Daily Archives: Mar 27, 2016

‘A huge safety issue’: Canada needs standards to prevent cramming too many people on flights, advocate says

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HALIFAX — An airline passenger advocate says Canada need to look at establishing seat-size standards for commercial airlines. Gabor Lukacs says an attempt by American Sen. Charles Schumer to want the U.S. government to determine seat-size standards is one thing that needs to be done in Canada. Lukacs said such standards are needed on Canadian flights, as cramming too many ...

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Subway to ensure its ‘Footlong’ sandwiches measure up to at least 12-inches after lawsuit

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NEW YORK – Subway customers can finally be assured that their “Footlong” sandwiches will be so long as promised. The go up and down of Subway: The way the world’s biggest food chain lost its ‘fresh’ appeal With 43,945 sandwich shops in 110 countries, Subway has become the world’s most ubiquitous restaurant chain, posting armies of “sandwich artists” in more ...

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Valeant Pharmaceuticals International Inc under investigation by U.S. SEC

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Valeant Pharmaceuticals International Inc. is under investigation through the U.S. Filing in a previously undisclosed probe, the organization said on Monday, capping a tumultuous 24-hour period that saw the firm announce the return of its CEO and also the cancellation of an earnings announcement. The SEC probe is outside of an existing investigation right into a company purchased by Valeant ...

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Canada’s next ‘gold-plated trade deal’ with European Union getting closer to reality

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OTTAWA – Now that Canada and the European Union have “scrubbed” the legal text of the long-promised free-trade agreement, governments on both sides of the Atlantic are starting to place a shine around the deal as it heads to ratification and signing later this year. The Comprehensive Economic and Trade Agreement, or CETA, still isn’t prone to become law until ...

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Legal review of Canada-EU trade deal complete, likely to come into force in 2017

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OTTAWA – The federal government says the legal overview of Canada’s free trade deal with the European Union has been completed – and also the door is open for that pact to come into force next year. An agreement in principle was reached around the comprehensive deal, known as CETA, in October 2013. Negotiations between Canada and also the 28-member ...

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Food inflation has deepened the price gap at discount grocery stores, and Loblaw Cos is set to cash in

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TORONTO – An increase in food prices has widened the cost divide between Canada’s supermarkets as well as their discount divisions – an issue that could play out in Loblaw Cos.’ favour. “Looking at identical items, the discount channel doesn’t have the symptoms of increased shelf prices to the significant degree, as the conventional channel has significantly increased shelf prices,” ...

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Brad Wall vows to reject carbon tax he says will cost Saskatchewan $1 billion a year

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Saskatchewan Premier Brad Wall says a Liberal idea to tax carbon might cost the Saskatchewan economy more than $1 billion annually. Wall told reporters Monday he “will not be signing” any carbon tax agreement using the federal or any other provincial governments once the premiers meet with Prime Minister Justin Trudeau in a few days. “The very last thing we ...

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Peer-to-peer loan arranger Lending Loop, in talks with regulators, halts new loan requests

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Lending Loop, a Canadian fintech firm which was extending U.S.-style peer-to-peer crowdsourced loans to small businesses, has stopped posting new loan requests on its website although it meets regulators to ensure its model “complies with all of applicable laws.”  A notice to that effect was posted around the company’s website Tuesday.  The halt within the posting of recent applications through the ...

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