Category: Canada

Cottages, Vacation Homes Becoming The New Office For Many Canadians | CTV News

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MONTREAL — The telecommuting revolution envisioned by futurists, in which vast numbers of workers eschew their daily commute in favour of working remotely from home, never quite turned out as predicted. However, a growing number of Canadians are taking the term “working remotely” literally, leaving the hustle and bustle of city life behind to work from their cottage or winter home down south, says a real estate expert. “To the extent that that expands further, I think it will further enable the larger trend of working from places that you…

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Air Canada To Offset Rise In Fuel Prices With Higher Fares, May Trim Capacity | CBC News

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Air Canada experienced a 31 per cent increase in the price of jet fuel compared with last year’s second quarter, and plans to offset some of the impact with higher fares and other initiatives, Air Canada chief executive Calin Rovinescu said Friday. The Montreal-based airline did well in terms of revenue, which rose 10.4 per cent compared with last year’s second quarter, but adjusted earnings dropped to $114 million or 41 cents per share. That was only about half as much as Air Canada’s adjusted earnings of $226 million or 82 cents per share…

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Air Canada, CIBC, TD And Visa Offer To Buy Aeroplan | CBC News

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Air Canada is teaming up with three financial services giants to try to buy its former loyalty program, Aeroplan, from its current owner. Air Canada, Toronto-Dominion Bank, CIBC and Visa made the announcement Wednesday they want to buy Aeroplan from Aimia, in exchange for taking over the liability of $2 billion worth of outstanding Aeroplan points, plus $250 million in cash. The airline announced last year it would soon be ending its 30-year partnership with Aeroplan, a development that sent the parent company’s stock price tumbling and scrambling for new partners. Air Canada started Aeroplan as its…

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CRTC Investigating ‘Possible Misleading’ Telco Sales Practices After First Rejecting The Idea | CBC News

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The CRTC has launched a public inquiry into “possible misleading or aggressive” sales practices used by telecom companies, a move the regulator flatly refused to make just six months ago. “It was definitely discouraging when the CRTC rejected it the first time around,” said Laura Tribe, executive director of consumer advocacy group Open Media. “It is also encouraging to see that they’re taking this opportunity to get it right.” Monday’s announcement included an invitation for Canadians to go online to share their personal experiences involving questionable telco sales tactics. The CRTC also plans to conduct…

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‘I Was Truly Shocked’: Canadian Banned From U.S. Over Pot Investment | CTV News

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With the impending legalization of recreational marijuana this fall, Canadians with investments in American pot companies will have to be careful crossing the U.S. border following the news that one prominent businessman was banned for life. Sam Znaimer is a prominent venture capitalist in Vancouver who started investing in budding U.S. cannabis startup companies a few years ago. In May, Znaimer was trying to travel to the States when he was stopped by border officials. During the questioning, he said he was never asked about his personal consumption of the…

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Canada’s First Commercial Spaceport Submits Environmental Assessment To N.S. – Halifax | Globalnews.ca

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Canada’s first commercial spaceport has submitted its proposal for environmental assessment, and is now awaiting approval from Nova Scotia’s environment minister to begin construction on the site that is expected launch its first rocket in 2021. The environmental assessment study filed this week by Maritime Launch Services Ltd. references surveys of at-risk species in the area, such as mainland moose and bats. The study, prepared by independent contractor Strum Consulting, also proposes mitigation efforts in the event of a fuel spill or launch failure, and cites consultations with local groups…

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Trade War Fallout: Why Oil And The Loonie Are Finally Headed Apart | CBC News

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It’s a relationship that Canadians had gotten used to. For years, when the price of oil went up, so did the value of the Canadian dollar. That led to a soaring loonie when oil prices were flying high, but double-takes while travelling in the U.S. once the wind came out of oil’s sails and the Canadian dollar was lower. But a funny thing has happened of late, as the symbiotic relationship between the two has weakened. Or, as Bank of Montreal economist Doug Porter put it, “The Canadian dollar continues to diverge…

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U.S. Border Patrol Questions Crews Of At Least 2 Canadian Fishing Vessels In Disputed Waters | CBC News

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The federal government is investigating reports that two Canadian fishing vessels were approached, and crew members questioned, by U.S. Border Patrol agents in Canadian waters in the Gulf of Maine in late June. According to Global Affairs Canada, the incidents occurred June 24 and 25 around Machias Seal Island and North Rock. While details are scant, the fishermen are members of the Grand Manan Fishermen’s Association. Laurence Cook, the association’s chair, wrote on Facebook that the U.S. officials claimed they were “looking for illegal immigrants.” On Wednesday, Cook said further that border officials…

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Revenue Agency Falling Behind As Uncollected Taxes Owed Rise To $44 Billion | CBC News

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The amount of tax that Canadians admit to owing Ottawa but haven’t paid rose to a record $43.8 billion this year, despite a Liberal government promise to “stabilize” that sum. And an internal Canada Revenue Agency (CRA) projection obtained by CBC News says the amount of unpaid tax owed is set to hit more than $47 billion by 2020. The steady increase in the tax debt — up by about $2 billion annually since the Liberals came to power — comes despite a major investment in the 2016 federal budget…

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With Trump As Commander-in-Chief, Canada’s Dithering On Procurement Becomes Intolerable | CBC News

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Defence procurement is the government promise that keeps on rebooting. At the moment, Canada is preparing to purchase 25 second-hand F-18 fighter jets from Australia — pending U.S. approval —as a stop-gap measure until it can replace its fleet with new jets. The earlier plan was to buy 18 used jets, making this the roughly zillionth update to Canada’s defence procurement plan. This de facto refusal to truly modernize our fighter jet fleet will make Canada look like the runt compared to our allies. And by “allies,” I am referring mainly to…

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