Friday, 25 July 2014

Arctic oil spills likely to spread across borders: study

Otmane El Rhazi from CBC | Business News .


A major oil spill in Canada's western Arctic would likely spread quickly and foul oceans around Alaska, and possibly as far west as Russia.

Quebec court rejects latest N.L. bid to redefine Upper Churchill contract

Otmane El Rhazi from CBC | Business News .


A Quebec court has dismissed the latest bid from Newfoundland and Labrador to redefine the ever-controversial Upper Churchill contract, something that has caused sharp divisions between the two provinces for more than four decades.

'Preventing poverty' not a valid goal for tax purposes, CRA tells Oxfam Canada

Otmane El Rhazi from CBC | Business News .

Canada Revenue Agency 20140623

The Canada Revenue Agency has told a well-known charity that it can no longer try to prevent poverty around the world if it wants to keep its charitable status for tax purposes. It can only alleviate poverty — because preventing poverty might benefit people who are not already poor.

SNC-Lavalin's Candu partners to build Romanian nuclear reactors

Otmane El Rhazi from CBC | Business News .


Canadian nuclear firm Candu has signed a deal with a Chinese company to build two nuclear reactors in Romania.

Pipelines safer than trains for moving oil, Canadians believe

Otmane El Rhazi from CBC | Business News .

Spectra Energy

Newly released public opinion research suggests Canadians think it's safer to transport oil through pipelines than by ships or trains. The Ipsos-Reid study for Natural Resources Canada also found Canadians aren't confident the government can respond effectively to a spill.

E-cigarette market on fire while scientists wage heated debate

Otmane El Rhazi from CBC | Business News .

Smart Spending-Electronic Cigarettes

Electronic cigarette use is skyrocketing, the industry is at multi-billion dollar status, politicians and officials are talking regulations, more and more research is published every month, but the jury is still out on their safety.

Big box bullies: Discount pricing squeezes small suppliers: Dianne Buckner

Otmane El Rhazi from CBC | Business News .

Holiday Shopping

Is Target Canada behaving like a bully, in telling suppliers it wants a two per cent discount on the prices they charge the struggling chain?

Vegetarian or flexitarian: How much meat do you really want to give up?

Otmane El Rhazi from CBC | Business News .


In an evolving food world of health-conscious consumers, a vegetarian butcher shop in Toronto has found an unexpected following — vegetarians who haven't completely given up meat.

Thursday, 24 July 2014

Barack Obama slams tax inversions by U.S. companies

Otmane El Rhazi from CBC | Business News .

Obama Economic Patriotism

U.S. President Barack Obama on Thursday hammered U.S. companies that avoid federal taxes by shifting their tax domiciles overseas in deals known as "inversions" and called on Congress to pass a bill to end the practice.

Loblaw head says fresh food trumping low prices for grocery shoppers

Otmane El Rhazi from CBC | Business News .

Food Shelves-Health

The head of Loblaw Companies, the country's largest supermarket chain, said Thursday that savvy shoppers are no longer just looking to pay the lowest prices they can for food.

Canada levels new sanctions against Ukrainian rebel leaders, Russian firms

Otmane El Rhazi from CBC | Business News .

Immigration Minister Chris Alexander 2013119

The Canadian government has announced new economic sanctions and travel bans against Ukrainian rebel leaders, as well as economic sanctions against Ukrainian groups and a broad range of Russian firms in the financial and energy sectors.

IMF downgrades Canada's 2014 growth to 2.2%, 2nd best in G7

Otmane El Rhazi from CBC | Business News .

Port Labor

The International Monetary Fund has downgraded its economic outlook for Canada, saying the economy will grow just 2.2 per cent in 2014 and 2.4 per cent in 2015.

Chocolate bar prices rising as candy bar makers see higher costs

Otmane El Rhazi from CBC | Business News .

Britain Chocolate

Mars, the snack company that makes M&M's, Snickers and their eponymous chocolate bar, said Thursday it will raise consumer prices for its products by an average of seven per cent to offset rising costs.

World's 85 richest earn more than 3.5 billion poorest: UN

Otmane El Rhazi from CBC | Business News .

Niger poverty

The 85 richest people in the world have as much wealth as the 3.5 billion poorest people, the United Nations said Thursday in a report that highlights the 1.2 billion people who live on less than $1.25 a day.

U.S. air carriers return to sunnier skies with share buybacks, dividends

Otmane El Rhazi from CBC | Business News .

American Airlines Bag Fees

American Airlines is the latest U.S.-based airline to show improving fortunes by paying its first dividend since 1980, and plans to buy back up to $1 billion US of their own stock to boost investors' stakes.