Wednesday , December 13 2017
Breaking News


Russian man sentenced to three years for smuggling person from Canada into U.S


OTTAWA: An elderly Russian man with backwoods skills has been sentenced to three years in prison for helping smuggle a person from Canada into the United States, court records show. A jury had convicted Nikolay Souslov, 70, of two charges in May, but acquitted him on a third charge that he had profited from his wrongdoing. According to court documents, ... Read More »

Canada charges 2 Indian descent Californians with cocaine smuggling worth $6.3m


OTTAWA: Two Californians of Indian-descent have been charged by Canadian authorities with smuggling 100 kgs of cocaine valued at about $6 million, according to media reports. Gurminder Singh Toor, 31, and Kirandeep Kaur Toor, 26, were charged on four counts under the Canadian Controlled Drugs and Substances Act, Canada Broadcasting Corporation (CBC) reported on Friday. According to Canadian officials quoted ... Read More »

Canada secures multi-million dollar meat export deal with China


OTTAWA: Canada has secured an agreement with China to ramp up meat exports in a deal potentially worth as much as CAD225m (US$175m). Prime Minister Justin Trudeau wrapped up a trade mission to China yesterday (7 December) with the launch of a pilot project for the export of Canadian pork and beef from “approved” suppliers. China also gave the green light ... Read More »

Former Canada Revenue Agency auditor to be sentenced for accepting bribe


OTTAWA: A former Canada Revenue Agency auditor is expected to learn on Friday whether he will have to serve time in jail for being part of a conspiracy to extort a bribe from the manager and owners of a popular Plateau restaurant. In June, Elias Kawkab, a 55-year-old resident of the St-Laurent borough, pleaded guilty to committing a fraud on ... Read More »

Canadian banks paying out $14.3b in bonuses in 2017


OTTAWA: The country’s six biggest lenders set aside $14.3-billion for variable compensation – up 11 per cent from 2016 – as a record year in trading and investment banking swelled bonus pools. That’s the biggest jump since 2014 and stands in contrast to last year, when a 3.4 per cent increase was the lowest since 2010. “The banks have done ... Read More »

CANADA STOCKS-TSX near flat as oil drop offsets U.S. tax bill boost


OTTAWA: Canada’s main stock index dipped on Monday as energy and mining shares tracked commodity prices lower, offsetting gains for financial and industrial shares after the U.S. Senate’s approval of a tax overhaul bill boosted investor sentiment. Energy shares declined 0.9 percent as oil fell. U.S. crude prices were down 1.3 percent at $57.61 after U.S. shale drillers added more ... Read More »

Trudeau: China trade pact should reflect ‘Canadian values’


OTTAWA: Canada hopes a trade agreement with China will reflect “Canadian values” in the areas of labor rights, environmental protection and gender equality, Prime Minister Justin Trudeau said Monday at the start of a four-day visit to China. Trudeau also said that he and Chinese Premier Li Keqiang had agreed to a joint statement on climate change and clean growth laying ... Read More »

China, Canada may start FTA talks


OTTAWA: China and Canada are likely to start talks on free trade during Canadian Prime Minister Justin Trudeau’s visit to China, although there is still some distance to go before any deals can be agreed on, experts told the Global Times on Sunday. Trudeau arrived on Sunday for his second trip to China, which runs until Thursday. Overseas media reports ... Read More »

Canadians detained in commercial dispute looming over Trudeau trip to China


OTTAWA: Prime Minister Justin Trudeau may want to focus on trade, tourism, and business opportunities during his trip to China, but there is a pressing problem threatening to knock him off his positive message. He is facing growing pressure to resist entering free trade talks with China until a commercial dispute involving detained Canadians is resolved. John Chang and his ... Read More »

Canada, EU in trade row over fees on aircraft exports


OTTAWA: Canadian officials have been working for months to lower what they have called “excessive” fees levied on the country’s aerospace exports to Europe, but have had a hard time getting cooperation from their European counterparts. The dispute over fees charged by the European Aviation Safety Agency to certify Canadian aircraft and parts goes back to at least the end ... Read More »

Canadian imports of U.S. butter plunge


OTTAWA: As the fifth round of talks to renegotiate the North American Free Trade Agreement (NAFTA) wrap up in Mexico City, Canada appears to be becoming less dependent on U.S. imports of certain dairy products, particularly butter. “Canada’s efforts to curtail butterfat imports seem to be going exactly as planned. At the turn of the year, the Canadian Dairy Commission ... Read More »

Trudeau targets income inequality, tax evasion in Canadian Confederation speech


OTTAWA: Justin Trudeau took on the role of critic of Canada’s wealthiest citizens on Thursday, putting income inequality and tax evasion at the centre of a speech that reflected on the prospects for the Canadian Confederation. The prime minister was speaking at Charlottetown’s Confederation Centre, near the site where Canadian politicians hammered out the outlines of a future nation in ... Read More »

Canada exports 1st liquefied natural gas shipment to China


OTTAWA: British Columbia, a province of Canada, has sent its first shipment of liquefied natural gas to China, marking a milestone in LNG transportation between the two countries. The 950 gigajoules of gas, about 17 metric tons of LNG, was transported from Canadian company Fortis BC’s Tilbury plant in the Vancouver suburb of Delta. It was shipped by CIMC Enric ... Read More »

Canada: changes proposed to taxation of private corporations and their shareholders


OTTAWA: On July 18, 2017, the federal government of Canada introduced proposals (“announcements”) curtailing the use of private corporations to gain tax advantages over other individuals in Canada who do not utilize such corporations. The proposals were positioned by the government as measures to ensure that the wealthy pay their fair share and the Canadian tax system is applied in ... Read More »

Regina man arrested at Saskatoon airport, charged with human smuggling


  OTTAWA: A Regina man has been arrested and charged with human smuggling. Victor Omoruyi was taken into custody on a warrant by RCMP at Saskatoon International Airport after being deported from America yesterday. He’s been charged under the Immigration and Refugee Protection Act with one count of human smuggling and one count of aiding or abetting. Aiding or abetting ... Read More »

Health Canada report calls for big tax hike on cigarettes


  OTTAWA: Ottawa needs to hike tobacco taxes significantly to meet its long-term target of reducing smoking to just five per cent of the Canadian population, says a report for Health Canada. The internal report, obtained by CBC News under the Access to Information Act, says cigarette taxes have been the most effective tool for cutting smoking, based on the ... Read More »

Canada agricultural trade mission to China offers new opportunities for Canadian farmers


  OTTAWA: Agriculture and Agri-Food Minister Lawrence MacAulay’s trade mission to China is off to a strong start, with industry groups reaching a multitude of new deals in Shanghai and Guangzhou that will boost sales, grow exports to the world’s second-largest economy, and create new jobs in Canada. These efforts will help Canada reach its goals of doubling bilateral trade ... Read More »

China tops Canada as lead buyer of U.S. Ag goods


  OTTAWA: Tensions are rising when it comes to the future of trade. As leaders from Canada, Mexico and the United States are in the midst of round 5 of North American Free Trade Agreement (NAFTA) 2.0 negotiations, new numbers from U.S. Department of Agriculture (USDA) show China is now the top buyer of U.S. agricultural goods. For the fiscal ... Read More »

Customs, Immigration Union says no to proposed remote reporting station on Cornwall Island


  OTTAWA: The national president of the Customs and Immigration Union (CIU) that represents border services officers has some “huge concerns” about a proposed unmanned, alternative customs reporting station on Cornwall Island. Jean-Pierre Fortin didn’t mince his words about it in an interview with the Standard-Freeholder during a Friday visit to the city to meet with officers at the Cornwall ... Read More »

Ontario wants bigger cut of Canada pot tax


  ONTARIO: Canada’s most populous province expects the country to reap significant revenue from the sale of legalized marijuana, and is pushing for a bigger cut of the tax windfall. Ontario Finance Minister Charles Sousa expects strong demand when Canada legalizes recreational pot next year, but cautioned it must be cheap enough to undercut prices as low as C$8 per ... Read More »