Friday , August 19 2022

WestJet loses appeal – Business News


– –
| Story:

WestJet has lost an appeal from a court decision that refused to throw a proposed class action league accusing the airline from fostering a culture that can harass female workers.

Former flight assistant Mandalena Lewis attacks a alleged sex offender, accusing his ex-employer to break his pledge to provide women with a harassment workplace.

The Supreme Court judge of Britain rejected the WestJet application to take legal action in 2017, refusing the company's argument that the dispute belonged to a human rights tribunal and employee compensation board.

The airline took its argument to B.C. The Court of Appeal and a three-judge panel adjudged him on Thursday, saying in a written decision that nothing in the relevant statutes would abolish the jurisdiction of the courts in this case.

None of the allegations have been proven in court and WestJet nor Lewis did not respond immediately to requests for comments on the decision.

The alliance plans to represent all current WestJet women and travelers flying whose employment includes a called harassment pledge, but the case has not yet been approved as a class action .

– –
February 21, 2019 / 8:14 am | Story:

The registered retirement savings scheme is one of the best known tax shelters available to Canadians, especially in the weeks before the annual contribution deadline, March 1 this year.

But financial experts say that a tax-free saving account is often a better choice over the long term.

The problem is that many people do not know what makes TFSA different from RRSP. A report from Bank of Montreal estimates that 32 percent of Canadians are in that camp.

In general, Jason Pereira, a partner at Woodgate Financial Inc. in Toronto, which says that TFSAs are the best option for people with moderate or low annual income.

"Where to draw the line, it's controversial," said Pereira.

As a rough guide, Pereira suggests that people who earned $ 40,000 or less last year would have a better result with TFSA or RRSP.

One reason, he says, is that the money deducted from RRSP will be considered taxable income – which could disqualify retirement from the guaranteed income supplement paid to people with moderate modes.

"There are many different things that are being tested into income in the current system … and, especially if you're lower in Canada, you do not want to give them the best," he said. Pereira.

The big advantage of RRSP is that contributions will defer future tax payments – something that the TFSA does not do.

"If you're a very high income winner, there's a great deal of not paying tax today," said Catherine Wood, senior vice president of Aviso Wealth.

"If you need the money in the short term, and the flexibility, the TFSA makes some sense," said Wood.

Wood states that both have a similar similarities scheme – interest, dividends or capital gains are not taxed while it is inside RRSP or TFSA.

But there are key differences when money moves in and out of the accounts.

RRSP contributions will reduce your tax bill when you provide the money in the account, but it will be taxed on the money when you're back.

TFSA contributions will not reduce your tax bill when you give the money, but you will not be taxed on any investment gains when the money is withdrawn.

Because RRSP contributions lead to a larger reimbursement for people who are now paying a higher tax rate, they are more likely to benefit from the registered retirement savings scheme than if they would be a low income winner .

But because withdrawal of money from RRSP is taxed, high-income winners could also find them in a high painful tax bracket if the money is withdrawn while working.

"Where high-income earners even get into trouble … is that that money needs two years now for another purchase – whether their children's education, a new car or anyway," said Peter Katevatis, senior councilor invest with Canaccord Genuity Corp. in Vancouver.

"RRSPs are genuine for retirement savings – money that you will not touch until it turns RRIF (a registered retirement income fund) and that it removes it down."

It states that all types of accounts are also subject to a contribution restriction that depends on the individual.

In an RRSP account, you can contribute up to 18 per cent of the income earned your previous year, up to a maximum of $ 26,230 for 2018. However, contributions to a workplace pension scheme reduce your RRSP contribution room.

Income does not affect TFSA limits. The annual contribution limit this year is $ 6,000. If you were at least 18 when the TFSA accounts started in 2009 and have never contributed, you could contribute $ 63,500.

But Katevatis states that the RRSP contribution room can not be restored after the withdrawal, as they can be with TFSA.

– –
February 21, 2019 / 6:31 am | Story:

Loblaw Companies Ltd. reported its fourth quarter profit had to be compared to a year ago when it was restructured and other one-off payments.

The retailer says he has earned a profit of $ 221 million attributable to ordinary shareholders or 59 percent of the share for the quarter ending 29 December.

O compared to a profit of $ 31 million or eight cents per share in the same quarter of the year earlier.

Total Revenue of $ 11.22 billion, up from $ 10 million.

On a customized basis, Loblaw says he has earned $ 1.03 per weak share of ongoing operations, up from $ 1.02 per share to weaken in the last quarter of 2017.

Loblaw says the results include a decline in its financial services business, offset by an improvement in the basic performance of its retail operations and the favorable effect of repurchase ordinary shares.

– –
February 20, 2019 / 3:47 pm | Story:

Business leaders say they are concerned that the British Columbia government's budget does not pay enough attention to the potential effects of the global long term and mobile housing market.

B.C. Business Council president Greg D 'Avignon says Finance Minister Carole James is banking on solid economic growth to fund long-term social and environmental programs totaling $ 2 billion over the three years next.

The council, who represents many of the largest employers in the state, who believe the government about the enterprises that support families and environmental programs, but & # 39; The government takes business for granted in a dark economy.

Jason Turcotte's real estate developer says that the government rely on tax revenue from home sales to help fund its programs, but the budget hinders new wealth development.

James says B.C. it is anticipated that Canada will lead to economic growth over the next two years and its budget has allocated more than $ 2.6 billion in reserves and allowance in the event of a decline.

Opposition Liberal Leader Andrew Wilkinson said the budget does nothing to stimulate the economy.

– –
20 February, 2019 / 1:37 pm | Story:

Samsung revealed a smart smartphone anticipated with a foldable screen in an attempt to break the innovation stick that has been part of the smartphone market.

But it is quite clear that consumers will include a renewable device for almost $ 2,000, or it will provide the creative catalyst that is needed on the smartphone market.

The Galaxy Fold, published on Wednesday in San Francisco, will sell for $ 1,980 when it will be released April 26.

Users who are willing to pay this price will have a device that can develop as a wallet. It can work as a traditional smartphone with a 4.6 inch screen or menu into something more like a mini-tablet with a 7.3 inch screen.

When it is completely developed, the device will be able to run three different apps on the screen simultaneously. The Fold Galaxy will also boast six cameras: three at the back, two on the inside and one on the front.

After spending nearly five years developing technology that is the basis of a blink screen phone, Samsung is really looking for a big deal.

"Prepare for a new era talent," says DJ Koh, who oversees smartphone Samsung smartphone. The new phone said, "answer skeptics who said everything has already done."

If Samsung is fine, the Fold Galaxy will stimulate more people to upgrade their phones. The sale of smartphone phones in 2017; Samsung saw that smartphone sales dropped by 8 per cent last year, based on estimates from the International Data Corp. research company. In the world smartphone sales have dropped by 4 per cent in 2018, according to IDC.

But most analysts see a limited market for foldable screen phones, at least early. Phones like the Fold Galaxy "are likely to sell to a very limited market of technology enthusiasts who like big screens and have large wallets," says IDC Ramon Llamas analyst.

Samsung has also released new Galaxy S10 phones that create fancy cameras, hidden screens that cover the front of the devices and at least 128 gigabytes of storage – important features for users who shop for phones.

The new phones can take wider angle pictures than previous models and can raise other devices, including wireless headphones and smart costumes. The fourth S10 model, due to this spring, will have faster wireless speeds through the 5G cell network that appears to be apparent.

With the smartphone innovation speed locked in baby steps, consumers stick to their existing devices for longer periods than they have in the past. Restricting reluctance restrictions are a smartphone shock, which the Fold Galaxy appears unlikely to mitigate. Prices for some existing phone models have increased over $ 1,000.

Samsung offers a S10 model a little less for $ 750 in trying to make smartphones more affordable, but the top-end models sell for $ 900 and $ 1,000.

The "essential" model is the lowest price, the S10e, with most of the same features, but 5 percent less than the S10 is a volume. Also, the S10e has no curved edges, a signature feature for a number of Samsung phones.

The three S10 models come out of March 8, with pre orders starting on Thursday.

– –
February 20, 2019 / 11:17 am | Story:

An international committee of legislators wants operators from some of the world's largest digital and social media companies to witness dissatisfaction and "fake news" when it will meet in Ottawa in May.

The "main committee" elected politicians of nine countries, including the U.K. to Canada, has already been motivated in his efforts to hear from some of them at earlier meetings in London.

Invitations to Mark Zuckerberg and Sheryl Sandberg from Facebook, Google CEO Sundar Pichai, CEO of Apple Tim Cook, Chief Executive of Amazon Jeff Bezos, Chief Executive Jack Jack Dorsey as well as WhatsApp and Snapchat operators, among others.

Zuckerberg rejected several applications to appear at the first meeting of the committee in November, sending instead vice president of Facebook instead.

This time, no substitutes are allowed, Canadian Conservative MP Bob Zimmer, who chairs the House of Commons ethics committee, stating "inadequate" answers to questions at the November meeting.

The meeting comes between warnings from the Canadian Center for Cyber ​​Security that foreign actors are likely to try to handle Canada's opinion with malicious online activity during this election year.

– –
February 20, 2019 / 11:15 am | Story:

A new report states that proposed rules surrounding air passenger rights are "unpleasant" and will deprive travelers of appropriate compensation.

Advocacy Group Air Passenger Rights states that regulations that allow airlines to keep passengers on the tarmac for up to three hours and 45 minutes will be "unacceptable" and give more than twice the time allowed under legislation the European Union.

The rules would not impose any obligation on airlines to pay customers for delays or cancelations if they were caused by mechanical problems found in a pre-flight check, rather than during the scheduled maintenance.

The group founder, Gabor Lukacs also argues that the criteria for financial compensation that can be impossible to almost meet, in some cases requiring passengers to present Evidence owned by the airlines.

The report, which cites more than 8,000 emails protesting on the proposed rules, on the last day of the consultations on air passenger protection regulations under the Canada Transport Act, which passed May last.

The Canadian Transport Agency and airline lobby group did not respond directly to requests for comments.

– –
February 20, 2019 / 9:27 am | Story:

Everyday, many millions of gallons of water that are loaded with arsenic, lead and other toxic metals flow from some of the most contaminated mining sites in the United States and into streams and ponds adjoining unattached, the Connected Press has found.

That cut is the poisoning of aquatic life and the cutting of drinking water sources in Montana, California, Colorado, Oklahoma and at least five other countries.

Corruption is an inheritance of how the mining industry was allowed to operate in the United States for more than a century. Companies that built mines for money, lead, gold and other "hard rock" minerals could move on once that they were no longer profitable, leaving behind spoiled water that dropped out of & # 39; mines or cleaning at the expense of taxpayers.

Using data from public records applications and independent researchers, the AP examined 43 mining sites under federal supervision, including dozens or even hundreds of individual mines.

The records show that on average, there are average flows of more than 50 million gallons (189 million liters) of contaminated water flows from the sites. In many cases, it is treated untreated in groundwater, rivers and adjacent ponds – a daily portion of pollution about 20 million gallons (76 million liters) that could fill more than 2,000 tanker doors.

The rest of the waste is caught or treated in a costly effort that will need to continue indefinitely, perhaps thousands of years, often with little hope to get a refund.

The volumes are much more than the relief of the Colorado Mine Mine Mine disaster in 2015, when the United States Environmental Protection Agency cleansing crew triggered 3 million gallons (11.4 million liter) of a mustard colored mine slice, flooding rivers in three countries.

In many mines, corruption has continued to decades after they have been registered in the federal Financial Financing cleansing program for the nation's most dangerous sites, which face sudden cuts under President Donald Trump.

Federal officials are afraid that at least six sites inspected by AP could be disposed of as the one in Gold King.

In the mountains outside the Montana Helena capital, around 30 households can not drink their tap water because groundwater has been polluted by around 150 gold, lead and copper mines that have left the 1870s 1953

The Rimini community was added to the Certification list in 1999. A contaminated soil in a residential yard was replaced, and the EPA has provided bottled water for a decade. But corrupted water is still removed from the mines and into Upper Tenmile Rock.

"The fact that bottle water is provided is great," said Catherine Maynard, a 30-year-old Rimini resident, natural resource analyst for the US Department of Agriculture. "Where it's short, it's not pushed into a home. Water that is piped in our home is still contaminated. Washing china and washing – that water still runs through our pipes. "

Estimates of the number of abandoned mining sites range from 161,000 in 12 western countries to as many as 500,000 across the country. At least 33,000 have degraded the environment, according to the Government Accountability Office, and thousands more are discovered annually.

– –
February 20, 2019 / 9:00 am | Story:

The CRTC says that an inquiry has confirmed claims that the Canadian telecommunications industry uses unacceptable sales practices that mislead consumers and damages vulnerable members of the public.

He says that the misleading and aggressive practices exist in all types of sales channels, including in shops, online, by phone and in homes when companies carry out door-to- door.

But the report does not indicate which companies or areas of the country have the worst history.

The CRTC produced the report after five days of evidence at public hearings in October and months of gathering information including more than 1,000 comments from individual Canadians.

The CRTC says it intends to follow its report with measures to address the problems identified through the investigation, but most will ask for cases regulatory regulation.

The Canadian Radio TV and Telecommunications Commission is a federal autonomous agency responsible for maintaining the Telecommunications Act and Broadcasting Act, which is under the control of the federal government.

– –
February 20, 2019 / 6:47 am | Story:

Producer of Cannabis Tilray Inc. has signed an agreement to procure a Manitoba Harvest for Cemarch Hemp for up to $ 419 million in cash and stock as both companies are proposing to launch products that have been infected by CBD where they have been approved in the United States.

Procurement accelerates access to Nanaimo-based BC-based potatoes to the US market as hemp products are already on retailers' shelves such as Wal-Mart, Costco and Whole Foods on the two sides of the border, said chief executive of Tilray Brendan Kennedy.

Tilray will look to increase Manitoba's food maker manufacturing facilities and a supply chain to around 16,000 shops where their products are already sold in North America, he added.

Having recently turned the US farm bill that legitimated CBD products that are derived from hemp, Kennedy envisages that retailers will look to come from sources from companies with whom they have a relationship.

"They want to go with suppliers that they know and trust … And so we believe that that gives us an advantage in pursuing that opportunity in the US," he said.

Manitoba Harvesting is intended to launch a brand line of tinctures, sprays and soft gels that include a wide spectrum hemp extracts that include CBD – a compound that is derived from a cannabis that is not available lost by people – in the United States where this summer was allowed, his chief executive Bill Chiasson said. A hemp piece that includes CBD is "a very important growth vehicle for us," he said.

The food producer – whose portfolio of products includes Hemp Hearts, Hemp Oil and Granola – hopes that the transaction will expand the fuel of its current business but also in negotiations with retailers to stock its products. Includes CBD.

"Being part of Tilray will certainly give us an advantage," he said.

Canadian pot companies have been overcoming CBD opportunities that originate from the southern hemp of the border after the U.S. farm bill. was passed late last year, opening the door for the mainstream sales of these products.

Tilray announced in January a deal with Authentic Brands Group, whose brands include Juicy Couture and Nine West, to develop and sell joint brand cannabis products such as CBD foot cream.

It was estimated that the CBD market that comes from casks was US $ 591 million in 2018 and is expected to have a balloon to US $ 22 billion by 2022, according to the Brightfield Group.

By mid 2019, around 50 per cent of convenient stores may include CBD products and 70 per cent of the total number of shops could be sold by 2020, Michael Lavery, analyst of Piper Jaffray & Co, wrote in a recent note.

– –
February 20, 2019 / 6:42 am | Story:

The largest Canadian banks intend to report what has been traditionally in quarter of the year, but market volatility and slower mortgage growth during the period could have their latest results.

There was a sharp sale in the North American markets at the end of 2018 in the middle of trade skating between China and the U.S. and political uncertainty with partial breakdown to the border of the border, which could cause the associated earnings of the banks.

"With markets falling by a lot of fall and recovering through most of the winter so far … All of the fund fund fees to subscription revenue will likely be has decreased, "said CIBC analyst, Robert Sedran, in a note to clients.

"Trading, like ever, is a wild card but we also expect sequential decline."

The Royal Bank of Canada is the first lender to report its results for the three month period ending on January 31st on Friday, and then the Montreal Bank and Nova Scotia Bank on February 26. The Canadian National Bank reports its latest quarterly earnings on February 27, and then Toronto Dominion Bank and Imperial Canada Trade Commerce on February 28.

During the call earnings conference to discuss the results of the banks during the previous quarter, optimism lenders expressed for the coming financial year, but some said that the fierce stock market trip could add pressure down.

"We expect to see some year-on-year weakness in our rich and wholesale businesses, given the recent market volatility … However, our net sales will be higher than average and a strong investment banking pipeline will install us not good for growth throughout the year, "RBC's chief financial officer Rod Bolger said on a conference call with analysts at the end of November.

Meny Grauman, an analyst with Cormark Securities, investors' concerns about the strength of earnings associated with the Big Six-market market in the latest quarter "said the market rally in January.

"The truth is that market-related revenue should have improved rather than fear most investors, especially in the wealth business where the financial banks of Canada banks should have helped as numbers C1 had caught a very healthy stock market rally in January, "he said in a note to clients.

Historically, the first quarter of finance is the most robust period for trading and "day-to-day" trading and capital markets for the banks, said analyst with Barclays in Toronto, John Aiken. Over the last nine years, Canadian banks have seen an increase in the revenue of capital markets in the first quarter, an average of 15 percent of the previous quarter, he added.

Although the macroeconomic environment is becoming increasingly challenging, banks are expected to continue to take advantage of the five central bank interest rate hikes since July 2017, Aiken added in his note to clients.

Those have worn the banks' net interest margins, the difference between the money they earn on the loans they make and what they pay to the savings.

"We anticipate that NIMs will continue to be a positive story for a lot of 2019," said Aiken. "That says, during rising rates, the slowdown in home and mortgage credit continues, with a residential mortgage credit growth of 3.1 per cent in December, indicating the scaling rate since May 2001 and around half of the growth rate of two years ago. "

– –
February 19, 2019 / 3:10 pm | Story:

A B.C. The Securities Commission panel has set fines and market bans on the minister of Surrey, his son, another man and the companies they are managing over a real estate investment scheme.

The commission says Pastor Alan Braun, Jerry Braun, Steven Maxwell, also known as Steven Fassman, who took three companies of $ 450,000 from two investors telling them they were buying real estate in Edmonton who would; n create a high return rate.

He says that the men use the money for other purposes, including their own personal living costs.

The panel has ordered Alan Braun to pay the same amount taken by the investors, plus $ 450,000 in administrative penalties, and Maxwell has fined $ 300,000 and Jerry Braun must pay a fine of $ 200,000.

The decision also specifies restrictions on different market activities for the men, including a permanent exclusion that excludes all three men acting as a director or company officer.

The panel said in an earlier perception of misconduct that the actions of men were exacerbated by the nature of prey in their dealings with one of the investors, who described it as "fragile".

He also said that the Brauns "had prey and shared spirituality with the investor."

More Business Businesses

Source link