The property at 2787 Simcoe Rd. Mr. Lackie points to one house he recently listed with an asking price of $579,000. In April, 2017, the Ontario provincial government introduced a foreign buyer’s tax and other measures intended to cool the market. She predicts demand will keep pace because retirees, downsizers and first-time buyers priced out […]
Ottawa is expected to unveil its promised carbon capture investment tax credit in next week’s federal budget. “We shouldn’t see this as a silver bullet. The technology is expensive and has been slow to scale up, in spite of having been around for decades. The emissions reduction plan tabled by the federal government Tuesday envisions […]
But federal law still considers it a Schedule I controlled substance with high risk of abuse and no accepted medical use, alongside drugs like heroin, LSD and peyote. That makes it impossible for companies operating in a legal landscape like California or Colorado to make use of institutional banking or financing services, access capital markets […]
Last year, the government announced that it would shift to quarterly payments made through the federal benefit system instead of a refundable credit claimed on personal income-tax returns. If it happened as originally scheduled, the move to the quarterly system would have ensured that all eligible households got payments before they incurred any substantial carbon […]
But rather than unload every aspect of the operation, Mr. Levy and his sons, who work for the family business, held on to the company’s smartphone app, known as theScore. At the time, the digital revolution was still in its infancy and the app itself was pretty basic, mostly providing sports scores and news. Although […]
In the second quarter, he orchestrated a 180-person layoff, which he expects to deliver about $15-million on an annualized basis. …Read the full story
On Wednesday, Mosaic Forest Management announced it will defer the harvesting of “old forests” on Vancouver Island and Haida Gwaii for at least 25 years, opting instead to sell nature-based carbon credits to companies that want to offset a portion of their greenhouse gas emissions. In an interview, ClimeCo chief executive William Flederbach said Mosaic’s […]
Tilray chief executive officer Irwin Simon told The Globe the company “probably will not convert them any time soon,” given one of the terms of the deal: Hexo will pay 10-per-cent interest annually to Tilray, adding up to about $20-million before taxes each year. The deal comes amid a market that is ripe for consolidation. […]
Typically when there are 30 or 40 offers, only three or four bidders are clustered around the upper limit. But as the market tempo shifts, Mr. Bibby says, some agents are adjusting their tactics. The economists say this escape route is about the vanish in the coming months with the Bank of Canada trend-setting rate, […]
As the co-founder of Superette, a cannabis retail company in Toronto, he witnessed the boom: thousands of stores opening within two years. On Tuesday, his company announced it had acquired two other retail brands, Cannoe Cannabis and Dimes Cannabis, with two locations apiece in Toronto. The retail sector in Ontario was initially bogged down by […]
According to a recent study from Statista, Canadians’ consumption of alcoholic beverages decreased for the fourth straight year in 2020, dropping to 98.6 litre per capita, or an overall reduction of 8 per cent since 2010. A growing inclination toward laying off the sauce – not to mention the desire of younger generations for drinks […]
Without more timely and granular data about emissions by specific companies and their facilities, investors and lenders can’t accurately evaluate an individual company’s true financial exposure to carbon pricing. The consequences are significant: It will take a herculean effort to reduce Canada’s emissions by the targeted 40-45 per cent below 2005 levels by 2030 – […]
As energy companies await the details on Ottawa’s planned carbon capture investment tax credit, the president of Shell Canada Ltd. Susannah Pierce took the helm of Shell Canada last year, as the oil and gas sector tried to regain its footing after decimated demand caused by the COVID-19 pandemic. The International Energy Agency, a Paris-based […]
The pandemic has brought an unusual calm to downtown Toronto’s retail streetscapes, but in the past couple of years, there’s been one unmistakable sign of life: the proliferation of cannabis shops. Overall, despite small bumps in the road, such as the temporary mismatch between supply and demand in some areas, legalization has been an overwhelming, […]
But there’s a lot riding on it becoming a key technology for reducing emissions. This is a ban that a group of 400 scientists and academics is calling for. If the government is bent on pushing CCUS to halt emissions from industrial activities, the group said, it should provide the tax benefits to other sectors, […]
The team surveyed Canadians between early 2019 and March 2020. Respondents were queried after the rebate plan was announced, after it was implemented, after the first rebates were issued, after the 2019 federal election and a year after the initial announcement. The survey found, at most, minor changes in support for carbon pricing over time […]
The U.S. “I think investors are over-assuming a very hawkish stance by the Fed,” Stovall said. According to preliminary data, the S&P 500 gained 13.77 points, or 0.31%, to end at 4,411.71 points, while the Nasdaq Composite gained 97.25 points, or 0.71%, to 13,866.17. Fourth-quarter reporting season is in full swing, with 65 of the […]
