Hundreds of maple syrup producers braved snow and freezing rain in Quebec City to march on the National Assembly in protest against a brand new government are convinced that they say, if implemented, “will ruin” their iconic industry. The federation of Quebec maple syrup producers and it is parent organization, the Union des producteurs agricole (Quebec’s farmers’ union) paid for ...
Read More »Monthly Archives: March 2016
This Los Angeles company says its version of Elon Musk’s Hyperloop will be running by the end of the decade
At the planet Government Summit locked in Dubai, breathtaking technology were on everyone’s lips: life extension, 3 D printed body parts, humanoid robots, the UAE’s 2020 pursuit to Mars, “gecko” grips that allow you to climb up the side of buildings, and even sensors inside your brain that enable you to contact others just with your thoughts. But probably the ...
Read More »Canadian energy to the rescue: How Canada’s resources can reduce China’s emissions
Canadians pride ourselves on being positive contributors to global affairs. You want to do our part. The Trudeau government has embraced this national self-image. The prime minister has stated that “Canada will take on a new leadership role internationally” and it has pledged $2.65 billion to assist developing countries tackle global warming included in this vision of global leadership. Yet ...
Read More »Lost in translation: Wal-Mart Stores Inc stumbles hard in Brazil, can’t beat local wholesalers
CAMPO GRANDE, Brazil – When Wal-Mart Stores Inc. first expanded into Brazil’s midwestern farm-belt city of Campo Grande seven years ago, the economy was booming and executives were eager to open stores even just in sub-prime locations on one-way streets venturing out of town. It didn’t last. At the end of December, the U.S. retailer closed both of its Maxxi ...
Read More »Canadian retirees living on only 62 per cent of working income, Sun Life study finds
A new survey released by Sun Life Financial says retirees are living on 62 per centof what they previously earned. Despite this prolonged duration of slow economic development in Canada, the Sun Life Financial Retirement Now Report discovered that most seniors (88 per cent) described retirement positively and 32 per cent were surprised at the way they could manage on ...
Read More »Canadians rushing to buy foreign securities, while foreign investors dump ours
Domestic investors put a record amount of cash into foreign securities in December as a struggling economy and crumbling stock exchange at home sent Canadian cash abroad. Statistics Canada said Wednesday that domestic investors scooped up $17.4 billion in foreign securities for the month, breaking November’s record of $16.5 billion. The buying may come as foreign investors reduced their holdings ...
Read More »Bennett Jones lawyer scales mountain in Antarctica and other legal moves and grooves for Feb. 17
Claire Kennedy braves Antarctic peak meant for mental health Bennett Jones LLP tax partner Claire Kennedy has scaled Vinson Massif, the greatest peak in Antarctica and one from the world’s Seven Summits, included in the True Patriot Love Foundation’s signature expedition in 2016. With Kennedy were eight ill and injured soldiers and 17 Canadian business leaders, whose trip took these to an ...
Read More »Market turmoil leads to less appetite for risk by pension funds, State Street global survey finds
For those employees with a defined benefit type of pension, the ride ahead looks enjoyable; for all those having a defined contribution plan the ride will be less enjoyable while those without a pension plan, start saving. Those differences derive from the type of pension funds being offered by employers, and also the difficult challenge for that investment managers to ...
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