Homes and Condo Mississauga

Hudson


The Canadian Press
Jun 5, 2018 / 7:48 am Story:
228041

Billionaire conservative icon David Koch returns from the network of business and political activities of the Koch brothers. [19659004] The 78-year-old resident of New York suffers from a deteriorating health, according to a letter sent by older brother Charles Koch to corporate officials Tuesday morning.

Charles Koch wrote that he was deeply saddened & # 39; was through his brother's pension. "David has always been a hunter and deals with this challenge in the same way," he wrote.

David Koch leaves his roles as executive vice president and board member for Koch Industries and a subsidiary, Koch Chemical Technology Group, where he served as chairman and chief executive officer. Koch also resigns as chairman of the board of directors for the Americans For Prosperity Foundation, the charity organization for the primary political organization of the Koch brothers.

Charles Koch has in recent years assumed a more visible leadership role in the affairs of the brothers. He will continue to serve as the CEO of Koch Industries and the unofficial face of the political efforts of the network.

Democrats have demonized the Koch brothers for their excessive influence in conservative politics over the past decade. Former principal of the senate Harry Reid regularly attacked Republicans for what he & # 39; Koch addiction & # 39; called.

With the money they earned from their Kansas-based family business, the Koch brothers formed the nation's most powerful political organization with short and long-term goals. Their network has promised to spend $ 400 million to shape the mid-term elections of 2018. They have also devoted a great deal of time and resources to strengthening conservative influence on university campuses, in the Spanish community and in the non-profit sector.

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The Canadian Press
June 5, 2018 / 6:02 am | Story:
228028

Hudson & # 39; s Bay Co. reported a loss of $ 400 million in the last quarter compared with a loss of $ 221 million a year ago.

The retailer said the loss was $ 1.70 per share for the first fiscal year ending May 5, compared with a loss of $ 1.21 per share in the same quarter last year.

a normalized base, HBC says the loss per share for the quarter was $ 1.22 compared to a normalized loss of $ 1.15 per share a year ago.

Analysts expected an average loss of 87 cents per share, according to Thomson Reuters Eikon

Sales were nearly $ 3.09 billion, up from nearly $ 3.06 billion a year ago.

On Monday, HBC signed a deal to sell Gilt, an online retail store, to Rue La La.

The Canadian Press
June 4, 2018 / 14:37 hours | Story:
227987

A proposed ban on the use of cannabis brand elements on T-shirts and other swag would make it more difficult to eradicate the black market after legalization and have "significant" unintended consequences, producers who obtained a license declared Monday.

On June 1, the Senate adopted an amendment to Bill C-45, which is still being finalized, prohibiting the use of cannabis brand elements on promotional items that are not banned from marijuana or marijuana accessories. 19659004] The bill and various amendments will be approved in the Senate on Thursday before it goes back to the House of Commons for approval.

The amendment is "unfounded" and may have unintended consequences going beyond Swag, such as excluding use of company logos on billboards and promotional flyers, said Allan Rewak, Executive Director of the Cannabis Council of Canada, who 80% of producers represent a license.

"It's a me ssy amendment that will have significant implications far beyond the idea of ​​t-shrits and hats," he said. And the proper place for such a restriction, if justified, would be in regulation. "

License holder Dan Sutton of licensee Tantalus Labs adds that non-cannabis accessories, such as caps with the brand name of the producer, are a useful tool in differentiating their products from the illegal marijuana that is already being purchased.

"Black cannabis is likely to dominate … we need all the weapons we can get," he said

Bill C-45 in its current form, advertising of cannabis products has already been banned in traditional radio or TV advertising. In addition, Health Canada unveiled its guidelines for cannabis packaging in March, which requires packages to have a single uniform color with no graphics or graphics, except for the logo and health warning, but the bill does offer companies the opportunity to purchase promotional products with their brand logo.

Senator Judith Seidman, who put forward the amendment, said that we are already a "proliferate" encounter products such as T-shirts and backpacks with logos from marijuana companies, which undoubtedly appeal to children and young people.

Virtually all cannabis promotions are banned, except these items, and this amendment "would close this gap and allow cannabis companies to market our children through stealth," Seidman said in a statement.

But to migrate consumers away from the black market to the regulated market after pot for recreational use is legalized later this year, producers have to make a certain amount of reasonable, limited branding, according to Cam Battley, chief corporate officer for Aurora Cannabis.

People can now easily buy T-shirts and other swag with alcohol branding, he notes.

"Nobody in the legal cannabis sector wants cannabis to be used by underage youngsters any more than we want young people who use alcohol or psychoactive prescription drugs," Battley said. "The same can not always be said for operators in the black market."

A ban on brand promotional items or "brand stretching" combined with hefty packaging and advertising restrictions goes hand in hand with a "big hit," according to Patricia McQuillan, president and founder of the Brand Matters office in Toronto. The primary branding tool is packaging, and then it would be promotional items or swag, she noted.

"From a purely brand perspective, what remains? … You can not put it on the product, now you can not put it on something non-product related … how can you actually notice it?"

The Canadian Press
June 4, 2018 / 1:38 pm | Story:
227975

The German pharmaceutical company Bayer AG said on Monday that it plans to purchase the American seed and weed control machine Monsanto Co. Ltd. complete upon receipt of all required regulatory approvals.

Bayer said in a statement that it intends to complete the acquisition on Thursday.

The deal costs about $ 63 billion, including debt. In order to obtain regulatory approval, Bayer has undertaken to sell some companies, in line with the US government's requirement to sell about $ 9 billion in agricultural activity.

Bayer will be Monsanto's sole shareholder on Thursday. The company said it could, according to the terms of US approval, integrate Monsanto once BASF Germany's divestments, demanded by regulators, have been completed. It is expected that this will take about two months.

Bayer said that after the acquisition "Monsanto will no longer be a company name".

"The acquired products retain their brand names and become part of the Bayer portfolio," it added.

The Canadian Press
June 4, 2018 / 12:38 pm | Story:
227970

Kinder Morgan Canada pays $ 1.5 million bonuses to two senior executives to ensure they stay with the company when the Trans Mountain pipeline system is sold to the federal government in a $ 4.5 billion sales contract.

The company says it will make payments to President Ian Anderson and David Safari, the vice president who oversees the expansion of the Trans Mountain pipeline, in equal parts in July 2019 and July 2020.

The payments , which are described in a regulated application, depend on their ongoing work throughout each date.

Kinder Morgan Canada says the schemes are "consistent with industry practice" for a project and transaction of this size.

The submission is dated the same day last week that Finance Minister Bill Morneau announced the deal to buy the pipeline assets.

The government has said that it is the continued employment of key pipeline workers to ensure that the estimated $ 7.4 billion project to triple the capacity of Edmonton's pipeline to Burnaby, BC has been completed.

The filing also mentions that the company has ended a $ 5.5- and refunded. billion revolving credit facility with the Royal Bank of Canada.

Ottawa provides loan guarantees for the money the company spends on the pursuit between now and when the ownership of the pipeline changes.

Kinder Morgan must ask shareholders to vote on the deal before the end of July. If the shareholders approve the sale, the paperwork must be completed sometime in August or September.

Construction is expected to be completed within about two and a half years.

The Canadian Press
Jun 4, 2018 / 12:18 pm | Story:
227967

House sales in Metro Vancouver tumbled last month, compared to May 2017 and the Real Estate Board of Greater Vancouver says this increases the potential of lower prices for some types of homes.

council says 2,833 properties sold in its region in May, a 35.1 percent dip of sales recorded at the same time last year, although sales in May were almost 10 percent higher than transactions in April.

A press release from the property board says that sales in May were 19.3 percent below the 10-year average of the month.

Board president Phil Moore says low sales and a jump of nearly 10 percent in the number of newly registered properties between April and May pushed the selection to its highest level in two years.

Moore says the supply is still below the 10-year average, but when the total number of single-family sales is divided by the total number of listings for that type of property, the ratio is 14.7, in the neighborhood of the indicator where the downward pressure on prices can occur.

Sales-to-active ratios of offers for townhomes and apartment buildings are higher, at 30.8 percent for terraced houses and 41.7 percent for apartment buildings, well above the 20 percent mark that the sign says can exert upward pressure on the prices.

"For home sellers to be successful in the current market, it is important to competitively price your property, given the changing dynamics we are experiencing," says Moore in the release.

The composite benchmark price for all homes in Metro Vancouver is $ 1,094,000, an increase of 11.5 percent compared to May 2017.

The sale of detached properties in Metro Vancouver fell 40.2 in May percent compared to May 2017, while the benchmark price was set at $ 1,608,000, an increase of 2.4 percent year-on-year.

Sales of apartment buildings and townhomes also fell last month compared to the year before, 29.3 percent for condos and 39.8 percent for townhomes. [19659004] The benchmark price for condos has risen by 20 percent to $ 701,700 and townhomes have increased by 16 percent to $ 859,500 in the same period, but the board says the price increases for both property types have remained below one percent since April.

Canadian Press
June 4, 2018 / 8:40 am | Story:
227945

The gains in technology and the financial sectors make Canada's most important share index in the late late years. preserved. morning trade, while the energy sector weighed on the market.

The composite S & P / TSX index increased by 15.06 points to 16,058.60 after 90 minutes of trading.

In New York, the industrial average of the Dow Jones rose by 206.11 points 24.841.32. The S & P 500 index rose by 10.28 points to 2,744.90 and the Nasdaq composite index rose by 24.65 points to 7,578.98.

The Canadian dollar was trading at 77.34 cents in the US, against an average value of 77.14 cents US on Friday.

The July crude contract fell by 71 cents to US $ 65.10 per barrel and the natural gas contract in July fell by one cent to US $ 2.95 per mmBTU.

August's gold contract fell by 10 cents to US $ 1,299.20 per ounce and the copper contract in July was an increase from four cents to $ 3.14 per pound.

The Canadian Press
June 4, 2018 / 6:59 am | Story:
227938

Microsoft says it pays $ 7.5 billion of shares for the popular GitHub coder hangout.

GitHub is a platform where software developers can host and evaluate each other's code.

The San Francisco startup was founded in 2008 and has grown strongly since it announced its first external investment in 2012. It now has about 27 million software developers around the world using their platform to share code and build businesses. It is free to use GitHub for open source projects, but some developers and companies pay a monthly fee for accessing storage sites with private codes and other services.

Microsoft said on Monday that it expects the deal to be closed before the end of the year.

Canadian Press
June 4, 2018 / 6:57 hours | Story:
227937

The aluminum industry and politicians from Canada and Quebec meet today to discuss the challenges facing the sector, including US tariffs against Canada and other global suppliers

The two-day event began Sunday with a discussion about free and fair trade by the former Quebec Prime Minister Jean Charest and the heads of various aluminum producers.

Today's sessions will focus on government policy on global overcapacity together with the support of free and fair trade.

The International Minister for Trade Francois-Philippe Champagne and the Minister for the Development of Quebec, Dominique Anglade will participate.

The summit comes days after the United States has proceeded to introduce import duties on steel and aluminum

US President Donald Trump has exempted Canada, Mexico and the European Union from 25 percent import duty on steel and 10 percent in early March placed on aluminum. However, these exemptions ended on Friday.

Canada has fixed the retaliation rates applicable on 1 July. They will align the steel and aluminum tariffs and add rights for a wide range of consumer goods.

The Canadian Press [19659002] –
June 4, 2018 / 6:42 am | Story:
227932

Dozens of environmental groups say that if Canada wants to be a leader to kick the rest of the world with its plastic habit, it must start by raising the bar for recycling plastics much higher lay at home.

Prime Minister Justin Trudeau wants to include the summit of this week's G7 leaders in Quebec with the signing of an anti-plastics charter, with international goals to reduce the use of plastics and find ways to get more recycled materials into the plastics that we do use.

Estimates lead to up to 10 million tons of plastic waste in the oceans every year, and across the oceans there are several islands of waste, including one in the Pacific that is the size of the province of Quebec.

The G7 plastics strategy has four main components: targets for reducing the amount of plastic waste produced around the world, domestic strategies to achieve those goals, working with the industry to improve p products to replace plastic or make plastics easier recyclable, and help developing countries to improve waste management.

But Canada enters the G7 without a national plan to tackle plastic, and more than 40 non-governmental organizations have released a statement on Monday calling upon Trudeau to set national targets for how much plastic Canadians should recycle and which percentage of new products must be made from recycled materials.

"We challenge the Canadian government to work with provinces, territories, indigenous governments, municipalities to put together a plan to ensure that Canada reaches zero plastic waste," said Ashley Wallis, Environmental Defense Program Manager , one of the organizations that signed the declaration.

By 2025, the groups want Canada to increase their plastic recycling percentage so that 85 percent of disposable plastic items, such as water bottles and take-away containers, are recycled. Currently, Canadians recycle about 11 percent of all plastics. They also want Canada to apply a rule where all plastics for single use are made of at least 75 percent recycled material.

Other items on their list are legislation to oblige producers of plastics to collect and recycle the plastic. production, and a regulation to prohibit all plastics or additives for plastics that are toxic or difficult to recycle. They also want Canada to implement policy measures for federal government procurement, requiring everyone who sells or delivers a federal government to have a plan to restore all used plastics and that the used plastics contain at least 75 percent recycled content.

Press
June 4, 2018 / 5:24 am | Story:
227926

The Toronto Real Estate Board says that home sales in the Greater Toronto Area were down 22.2 percent from the same month last year.

The board said Monday that while the number of sales decreased year-over-year to 7 834 units, the annual decline rate was less than reported in February, March and April when the sale took place. more than 30% less.

On a monthly basis, seasonal adjusted sales in May were in fact flat compared with April, as they were 0.4% lower.

The average sales price for all types of homes combined decreased by 6.6 percent to $ 805,320.

But on the basis of seasonal influences, the average sales price was 1.1 percent higher than in the previous month of April.

Jason Mercer, the director of market analysis, said: market conditions are getting tighter in the GTA and this I want to support housing prices until the half of 2018 and until 2019.

"There are emerging indicators that point to a larger competition between buyers, which generally leads to a stronger price increase, "Mercer said in a statement

" In the city of Toronto, for example, average sales prices in May were above or above the average list price for all major housing types. "

Observers believe that last April was possibly the peak of the market in the Toronto area before the Ontario government. introduced a package of measures to cool the market.

The Canadian Press
June 1, 2018 / 3:49 hours | Story:
227821

DesRosiers Automotive Consultants says the sale of new light vehicles in Canada fell in May compared to the same month last year, the third consecutive month to a year-on-year decline.

A total of 215,407 vehicles were sold, a decrease of 0.7 percent compared to the total of 216,861 in May 2017, but well above 191,900 in April.

It says that the total of 836,522 new Canada vehicles is still total. nearly 1,000 units over the previous year thanks to an abnormally strong January.

However, the Advisory Group in Richmond Hill, Ont. Says that the gap will not continue if the pattern of market declines persists in the summer months. 19659004] DesRosiers reports that Ford closed 33,341 General Motors units at 32,831 units in May for the volume line.

GM, however, represents Ford with almost 3,000 units on an annual basis, with 127,299 units sold so far in 2018.

Light truck sales increased by four percent May to 147,337, while sales of passenger cars & # 39; s 9 , 4 percent fell to 75,172.

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