Money in the bank: Ottawa looks for new ways to tax dormant accounts

Millions of dollars owed to ordinary Canadians sits unclaimed in dormant bank accounts and terminated pension plans — and the federal Department of Finance is looking at fresh ways to tax some of that idle money and to reduce or eliminate any interest paid on it. Proposals to significantly revamp the so-called “unclaimed balances” regime in […]

Canada’s major grocery chains slow to tackle the mounting problem of plastic waste

When you throw your food’s plastic packaging into a blue bin you probably don’t expect it to be exported across the world to be dumped or burned. But that’s exactly what could happen. Exclusive images provided by Greenpeace show mountains of plastic packaging dumped next to palm plantations, near waterways and burned on the roadside in […]

Diversified Metal Engineering in P.E.I. in receivership, says province

After 27 years of business in Charlottetown, Diversified Metal Engineering has been suddenly thrown into receivership. Workforce and Advanced Learning Minister Sonny Gallant and Economic Development and Tourism Minister Chris Palmer issued a written statement Monday night, saying they were aware DME’s P.E.I. operations are under receivership. “This is disappointing news, particularly for the affected employees and their […]

Couche-Tard’s Q2 earnings up 9% from acquisitions, fuel sales

Alimentation Couche-Tard Inc. beat revenue expectations as the Quebec-based retailer’s net earnings rose nine per cent in its most recent quarter thanks in part to acquisitions, improved fuel sales and lower taxes. The world’s second-biggest convenience store operator, which reports in U.S. dollars, said its net earnings attributable to shareholders were $473.1 million US or 84 cents […]

‘Why does he hate newspapers?’ Free Press publisher asks after Pallister slams subsidy

The publisher of the Winnipeg Free Press is questioning why Manitoba premier Brian Pallister is sounding off against a funding package to help Canada’s struggling news media sector. Without being prompted, Pallister told reporters Friday he was worried the independence of journalists would be compromised if a part of their paycheque is covered by Ottawa’s coffers. In response, Bob Cox […]

‘They should know better’: Funeral home chain skirting new rule with misleading sales tactics

Nearly two years after Marketplace exposed the common practice of aggressive sales tactics at the largest Canadian-owned funeral home chain, another hidden camera investigation has revealed new examples of upselling and rule-breaking by some staff. Arbor Memorial was the subject of a 2017 investigation, which revealed huge markups, confusing charges and pushy tactics by sales […]

Early data suggests no spike in pot-impaired driving after legalization, police say

Canadian police have not seen a spike in cannabis-impaired driving one month since legalization, but there needs to be more awareness of laws around storing marijuana in vehicles and passengers smoking weed, law enforcement officials say. The Canadian Press canvassed police forces and provincial and territorial Crowns across the country and while some said it […]

Ottawa’s plan to set up a national securities regulator would be constitutional, Supreme Court rules

The Supreme Court of Canada says the Constitution allows Ottawa and the provinces to set up a national securities regulator. In addition, the high court finds federal draft legislation for countrywide oversight of stocks, bonds and other investments falls within Parliament’s powers over trade and commerce. The unanimous ruling could help advance plans for a […]

Canadian GDP expanded by 0.1% in August

Statistics Canada says real gross domestic product edged up 0.1 per cent in August, the seventh consecutive month to see an increase. Thomson Reuters Eikon says economists had expected no change for the month. Growth in oil and gas extraction and the finance and insurance sector helped to more than offset declines in 12 of […]

Bell and Rogers defend sales practices at CRTC hearing

Canada’s two biggest telecommunications companies got their turn to speak on Friday in a five-day probe by Canada’s telecom regulator into sales practices in the industry. Officials from BCE Inc. and Rogers Communications Inc. addressed a panel at the Canadian Radio-television and Telecommunications Commission on Friday, their first chance to participate in the five-day public probe by the regulator. The […]