What makes a beer a beer? Feds brew changes to national beer standards

What makes a beer a beer? Feds brew changes to national beer standards
OTTAWA — Your beer is about to undergo a government makeover. Federal officials are proposing changes to national beer standards that would widen the number of ingredients permitted in a pint and force brewers to list every ingredient on a can or bottle. Even the Canadian definition of “beer” would change. The changes would mark a major overhaul of beer standards... Read More

B.C. government intends to crack down on hidden ownership of real estate

B.C. government intends to crack down on hidden ownership of real estate
VICTORIA — The British Columbia government is taking steps to end opportunities to anonymously invest and hide wealth in real estate. Finance Minister Carole James says a new, publicly accessible registry is being created to identify the owners of real estate in the province. A news release from the Ministry of Finance says the first-of-its-kind registry in Canada is aimed at improving... Read More

Manulife cutting 700 jobs as part of digital business transformation

Manulife cutting 700 jobs as part of digital business transformation
TORONTO — Manulife Financial Corp. says it will cut its workforce by about 700 jobs as part of a wider restructuring of its operations as it makes a greater push to digital. The company says the job cuts will come through voluntary exit programs and natural attrition over the next 18 months. Manulife says it will require fewer staff as... Read More

Reduce taxes, fees to help grow Canada’s airline industry, lower prices: study

Reduce taxes, fees to help grow Canada’s airline industry, lower prices: study
MONTREAL — A new study suggests federal and provincial governments can help ease some of the frustrations of travellers and grow the country’s air transport sector by reducing taxes and fees imposed on the industry. Alexandre Moreau of the right-leaning Montreal Economic Institute says Canada’s massive geography and low population density help keep airline prices high, but even a small reduction in taxes and... Read More

Brookfield bids for Aussie retirement community company Gateway Lifestyle

Brookfield bids for Aussie retirement community company Gateway Lifestyle
TORONTO — Brookfield Property Group has made a non-binding takeover offer for Gateway Lifestyle worth the equivalent of C$686 million, topping a rival bid for the Australian firm last week. The arm of Brookfield Asset Management Inc. is offering AU$2.30 per stapled security valuing the retirement community company at about AU$698.6 million. The proposal tops an offer last week by U.S.... Read More

Morneau changes things up, convenes private-sector economists for extra meeting

Morneau changes things up, convenes private-sector economists for extra meeting
OTTAWA — Finance Minister Bill Morneau will meet Friday with private-sector economists for an unusual gathering that comes in addition to their traditional, twice-a-year sessions. The meeting in Toronto will take place before a Canadian backdrop of increasing economic uncertainty — from difficult NAFTA talks, to competitiveness worries related to U.S. reforms, to tit-for-tat tariffs with the country’s largest trading partner. Federal finance ministers typically convene private-sector economists to get... Read More

Progress made in modernizing NAFTA will make it easier to trade, says Freeland

Progress made in modernizing NAFTA will make it easier to trade, says Freeland
MONTREAL — Progress made in negotiations to modernize NAFTA aren’t getting much attention but they will make it easier for companies to conduct trilateral trade, Foreign Affairs Minister Chrystia Freeland said Wednesday. After speaking to a Montreal business audience, the minister told reporters that the nine modernization chapters concluded in the renegotiation of the North American Free Trade Agreement will... Read More