Updated fisheries law could stem loss of stocks, biodiversity: supporters

Updated fisheries law could stem loss of stocks, biodiversity: supporters
Significant changes could be coming to the way fisheries are managed in Canada, giving hope for the rebound of some species and the protection of others, says an ocean conservation group. Josh Laughren, executive director of Oceana Canada, said proposed amendments to the Fisheries Act would prompt the government to rebuild stocks that fall below sustainable levels. And while the changes still... Read More

Unemployment hits 49-year low as US employers step up hiring

Unemployment hits 49-year low as US employers step up hiring
WASHINGTON — U.S. employers added a robust 263,000 jobs in April, suggesting that businesses have shrugged off earlier concerns that the economy might slow this year and now anticipate strong customer demand. The unemployment rate fell to a five-decade low of 3.6% from 3.8%, though that drop reflected a rise in the number of people who stopped looking for work.... Read More

Pharmaceutical exec guilty of bribing doctors to push opioid

Pharmaceutical exec guilty of bribing doctors to push opioid
BOSTON — A pharmaceutical company founder accused of paying doctors millions in bribes to prescribe a highly addictive fentanyl spray was convicted Thursday in a case that exposed such marketing tactics as using a stripper-turned-sales-rep to give a physician a lap dance. John Kapoor, the 76-year-old former chairman of Insys Therapeutics, was found guilty of racketeering conspiracy after 15 days... Read More

Self-employed increasingly turning to private lenders for mortgages

Self-employed increasingly turning to private lenders for mortgages
TORONTO — The self-employed are among the growing number of Canadians turning to private lenders in order to obtain a mortgage. While many prospective homeowners are driven to alternate lenders because of government-mandated stress tests and poor credit scores, the self-employed often have additional burdens to overcome in proving their income. “There’s more and more people seeking private loans than ever... Read More

Canada to boost presence overseas to attract more international students

Canada to boost presence overseas to attract more international students
OTTAWA — Canada plans to attract more international students by expanding its presence overseas in an effort to advance classroom diversity and boost economic benefits that already amount to billions per year. The economic effects of foreign students nearly doubled between 2010 and 2016, when they reached a total of $15.5 billion in Canada for everything from tuition fees to rent and groceries, according to a federal analysis. To put that in perspective, the document says the sector supported nearly... Read More

Sobey family empire donates $18 million to Saint Mary’s University

Sobey family empire donates $18 million to Saint Mary’s University
HALIFAX — The Sobey family empire is donating $18 million to Saint Mary’s University — the single largest gift in the school’s history — aiming to boost business education in Atlantic Canada and position the Sobey School of Business to compete with the country’s top commerce faculties. The donation from the Sobey family, The Sobey Foundation and Sobeys Inc. renews a long-standing philanthropic... Read More

How to claim new climate action incentive and some oft-forgotten tax credits

How to claim new climate action incentive and some oft-forgotten tax credits
VANCOUVER — Personal tax experts are reminding Canadians to claim all of the tax credits they may be eligible for when they file their income tax return this year including the new climate-related tax credit and other oft-forgotten deductions. The climate action incentive can be claimed by those who are 18 or older and resided in Saskatchewan, Manitoba, Ontario or... Read More

Rogers sells flagship magazines Maclean’s, Chatelaine in deal with St. Joseph

Rogers sells flagship magazines Maclean’s, Chatelaine in deal with St. Joseph
TORONTO — Rogers Media has reached a deal to sell its seven consumer print and digital publications, including Maclean’s and Chatelaine, to St. Joseph Communications. They say all current employees of Rogers Media Publishing will be offered jobs through the deal, which is expected to close next month. However, financial terms of the agreement were not immediately disclosed. The transaction... Read More

Budget 2019: Five things to watch for in the Liberals’ final fiscal blueprint

Budget 2019: Five things to watch for in the Liberals’ final fiscal blueprint
OTTAWA — Finance Minister Bill Morneau will release the Trudeau government’s final budget of its mandate Tuesday, just seven months before the next federal election. Here are some things to watch for: A boost to skills training The government says it wants to help workers adapt to the rapidly changing needs of the modern workforce. The budget is expected to announce measures to help Canadians cover... Read More

Inuit hope fresh deals with mining companies boost employment at new projects

Inuit hope fresh deals with mining companies boost employment at new projects
Inuit leaders are hoping a new cycle of mine expansion in Nunavut brings with it a motherlode of jobs and economic spinoffs. “Inuit are very eager and wanting to participate in the economy,” said P.J. Akeeagok of the Qikiqtani Inuit Association. His group recently signed an agreement with a mining company that has a billion-dollar expansion proposal before northern regulators. Baffinland’s Mary... Read More