LAVAL, Que. – Alimentation Couche-Tard Inc. says its Circle K brand come in place at hundreds of additional U.S. stores by this spring as the Quebec-based company moves to consider a worldwide identity because of its supermarkets and gas stations. Couche-Tard says it’s on track to place the brand new image on more than 400 stores in the southeastern United ...
Read More »Loblaws to re-stock French’s ketchup after social media backlash
WINDSOR ? Canada’s largest grocer has yielded to public opinion and announced plans to return French’s ketchup to its shelves. “We’ve heard our Loblaws customers,” company spokesman Kevin Groh said within an email. “We’ll restock French’s ketchup and hope that the enthusiasm there has been in media and on social media means sales from the product.” ‘Bye. Bye. Heinz’: French’s ...
Read More »Trudeau government to post $30B deficit in federal budget, forgo additional stimulus, sources say
Prime Minister Justin Trudeau will post a deficit of approximately $30 billion in the first budget in a few days, signalling he won’t unveil additional initiatives to kick-start the economy, government officials said. The budget, to be sold March 22 by Finance Minister Bill Morneau, will mainly comprise pledges made during and also, since last year’s election, two governmental officials ...
Read More »National Bank downgrades CN Rail after 15% stock run-up
Canadian National Railway Co. is benefitting from the “very strong” operating performance in the midst of an inadequate volume environment, but National Bank has downgraded the stock following a 15 percent run-up from the January lows. “Although we believe CN ought to be a core holding for long-term investors, we are lowering our rating to Sector Perform from Outperform based ...
Read More »The process of raising US$700 million to start Karnalyte’s potash mine in Saskatchewan
A good deal of creativity was required to generate US$700 million indebted and equity to allow for the making of a potash mine in Saskatchewan. Creativity was needed because Karnalyte Resources, who owns the mine, lacked the balance sheet and also the share price to raise the necessary capital by itself. Last September, to help in that process, Karnalyte Resources ...
Read More »Natural gas supply in B.C. dramatically greater than original estimates: report
VICTORIA – As British Columbia struggles to produce a proposed liquefied gas industry, a new report suggests the challenges have nothing related to deficiencies in supply. A National Energy Board report released by the province on Wednesday said gas resources in northeastern B.C., are trillions of cubic feet higher than initial estimates. The study focused on the Liard Basin, an ...
Read More »Canada’s biggest oil producers are sitting on a near-record pile of cash amid price rout
Canada’s biggest oil producers are sitting on a near-record pile of cash, providing them with the time to keep investing and manage debt while weathering the worst price rout inside a generation. The five largest oil producers including Suncor Energy Inc. and Cenovus Energy Inc. possess a combined $8.5 billion in cash and cash equivalents, a rise of seven.6 percent ...
Read More »Vern Krishna: Tax law chips away at the tradition of solicitor-client privilege
Professional communications between taxpayers and their legal advisers are privileged from disclosure to third parties. Legal privilege, the oldest common law right, is a fundamental principle of justice that grants a defense against disclosing evidence. Our courts zealously protect privilege, even just in the face of recent government legislation to compel disclosure of suspected money laundering transactions. Subject to several ...
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