From Chocolate to What! Feb 18, 2014 — When Hershey’s had a plant in Smiths Falls, Ontario, you could smell chocolate from miles away. But not a single chocolate bar has rolled off the line since the plant closed in 2008, one of six employers to leave the town at the same time. Now, Smiths Falls,… Read more »
Posts By: Gerry La Rocca
Tim Hortons plans 800 more restaurants
Increase in Tim Hortons Franchises Tim Hortons has laid out an ambitious plan to add 800 more franchise outlets by 2018, the latest shot in an escalating war to stay on top of the quick breakfast and coffee market. The TSX-listed company said Tuesday it will add as many as 300 new locations in… Read more »
Corporate tax evasion ‘crackdown’ more bark than bite
Global efforts to stop companies from eroding tax base by moving profits offshore have no teeth, experts say Tax Evasion Tactics In December 2012, demonstrators led a country-wide protest against Starbucks over the coffee chain’s tax evasion tactics. A Reuters investigation found that through the magic of profit shifting, the company had avoided paying any… Read more »
Bitcoin: Be prepared for the rise of digital currency
One bitcoin is worth $720 Cdn Each day, Lorne Lantz buys his lunch with bitcoin. Some say the burgeoning digital currency has no real value — but his sandwiches say otherwise. Cryptocurrency? Bitcoins and other “cryptocurrency” have started to rise from the fringes of the internet to the cusp of mainstream use — a remarkable… Read more »
Super Bowl commercials 2014: This year’s best , Expense or Capitalize Advertising Costs?
Who won the ad game during Super Bowl 2014? Millions gathered around television sets Sunday evening to watch the Seattle Seahawks take down the Denver Broncos in an easy 43-8 victory, but for many of those revellers the outcome of the game was secondary to the annual crop of splashy, big-budget Super Bowl ads. Commanding… Read more »
Raising minimum wage could rescue the economy
Ontario premier and U.S. president both champion giving the poorest a raise! This week, Obama and Wynne talked about raising the minimum wage, with Ontario announcing on Thursday that the rate would rise to $11 an hour starting June 1. Left-of-centre politicians want to raise the wages of the very poorest. From a humanitarian point… Read more »
Refunds: why retailers are making it harder for you to get them
Returns fraud costs customers in terms of higher prices, more restrictive store policies Want your money back? Not so fast. Return policies are getting tighter as retailers try to protect themselves from returns fraud — and honest customers often pay the price. Not only that, but at many stores, policies are unevenly applied, a CBC… Read more »
Investing puzzle a hard one to solve (Tax Free Savings Accounts)
Increase in savings by Canadians Recent data indicate that Canadians are saving more. Statistics Canada reports that the Household Savings Rate is currently 5.4%, a 0.4% increase from the previous year. Likewise, a recent BMO Bank of Montreal study found that 48% of Canadians are now investing in Tax-Free Savings Accounts (TFSAs), a 23% increase… Read more »
Target Stores & Neiman Marcus are latest victims of security breach
Neiman Marcus is latest victim of security breach Neiman Marcus confirmed Saturday, Jan. 11, 2014 that thieves may have stolen customers’ credit and debit card information and made unauthorized charges over the holiday season, becoming the second retailer in recent weeks to announce it had fallen victim to a cyber-security attack. (M. Spencer Green/Associated… Read more »
Global trade deal reached after 2 decades
The World Trade Organization has forged a deal that could add $1 trillion to the world economy. It’s aimed at cutting red-tape to help poorer countries sell their goods to wealthier nations. A deal to boost global trade has been approved by the World Trade Organization’s 159 member economies for the first time in… Read more »