Friday , 19 May 2017
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Danier Leather starts store closing sales, Report

Danier Leather starts store closing sales, Report

Danier Leather will begin selling off its remaining inventory today at its 76 stores across Canada. The company, which sells leather clothing and accessories, entered insolvency proceedings in February after losing almost $20 million in 2015. “Because of the compelling discounts and highly desirable assortment of merchandise, we expect this will be a short sale,” the companies conducting the shut ... Read More »

Vancouver property sells for $1 million over its asking price

Vancouver property sells for $1 million over its asking price

A four-bedroom home in Point Grey, with a stunning view of downtown Vancouver and the North Shore mountains, has sold for more than $1 million above its asking price after just a couple days on the market. The 88-year-old home at 4655 Bellevue Drive sold for just over $9 million. It was listed at $7.888 million. Realtor Bo Park said ... Read More »

Amisk Hydroelectric Project–environmental assessment referred to review panel, Report

Amisk Hydroelectric Project--environmental assessment referred to review panel, Report

The Minister of Environment and Climate Change, the Honourable Catherine McKenna, today announced the referral of the environmental assessment of the proposed Amisk Hydroelectric Project in Alberta to an independent review panel. The decision to refer the environmental assessment of the project to a review panel was made after considering its potential to cause significant adverse environmental effects and concerns ... Read More »

Oil Jumps 12.3 percent in best day since Feb ’09

Oil gains 12.3 percent in best day since Feb '09

Oil futures enjoyed their best one-day rally on Friday. West Texas Intermediate crude jumped more than 12% as a major oil producer again raised the possibility of a coordinated cut in crude output. Despite the gain, oil prices were poised to end the week down with significant losses. But WTI settled up more than 12 percent, for the best one-day ... Read More »

Canadians Hoarding Cash at Record Rate, New Report

Canadians Hoarding Cash at Record Rate, New Report

A new report suggests Canadians aren’t investing their hard-earned money. In fact, they’re holding a record $75 billion in extra cash and are saving money at unprecedented rates. The report by CIBC says Canadians are nervous about the markets and the economy. The $75 billion represents nearly 10% of the total value of personal liquid assets nationally. Read More »

Rogers Media to cut 4 percent of workforce, Report

Rogers Media to cut 4 percent of workforce, Report

One of Canada’s largest telecom companies is cutting 200 jobs, accounting for four per cent of its workforce, according to a memo to staff on Monday. Rogers Media cited reasons including, “significant pressures from a softening advertising market, fierce competition from global players, and shifting audience consumption habits.” Read More »

BuildDirect: Vancouver company offering employees unlimited vacation

BuildDirect: Vancouver company offering employees unlimited vacation

A Vancouver company is revamping its holiday policy, giving their employees unlimited paid vacation. BuildDirect, a Vancouver-based website that sells home improvement and building materials at wholesale prices, unveiled the plan earlier this week. “We ask people to deliver a lot of aggressive results and we feel like that needs to be balanced with taking a break,” said Heidi Rolston, ... Read More »