As the auto parts sector awaits the appointment of a new trade minister, the industry is split over the Trans-Pacific Partnership, the trade deal that Canada signed and will soon have to ratify. Although the TPP, agreed to in principle on Oct. 5, mandates that tariffs on autos and auto parts be reduced to […]
toronto business
Beware phony CRA income tax owing calls
Martin Zelikovitz received a call that shook him up. A man claiming to be from the Canada Revenue Agency said his tax return had been reviewed and he owed money. “He said that if I didn’t pay right away, he was coming to my house momentarily with armed police and was going to arrest […]
Trudeau’s Campaign promises for the new Liberal government
Justin Trudeau led the Liberal Party to a resounding victory on Monday, October 19, 2015 night, capping his 78-day campaign for “real change.” Throughout the marathon campaign, Trudeau pledged to boost the economy, help the middle class, and improve the way Canada’s government is run. Here’s what he promised along the way: Pocketbook issues […]
TSX, Canadian Dollar Rise After Canadian Federal Election
The Toronto stock market and the loonie both ended the day higher as investors mulled Justin Trudeau’s majority win in the federal election. The S&P/TSX composite index was up 85 points at 13,842, while New York stocks turned in disappointing results. The loonie rose against the American greenback, up 0.24 of a cent to 77.06 cents […]
Hydro One IPO to offer 81 million shares at $19 to $21 each
The Ontario government plans to sell more than 81 million shares at a price of $19 to $21 a share in its public offering of Hydro One later this year. The first release of shares, for about 15 per cent of the company, would raise about $1.7 billion. A new prospectus was filed today for […]
