Sunday, April 12, 2020

Canadian Ice Hockey star, Colby Cave dies at 25 after suffering brain bleed

Ice Hockey star, Colby Cave dies at 25 after suffering brain bleedCanadian Ice Hockey star, Colby Cave has died at the age of 25 after suffering a brain bleed. His family confirmed his death in a statement after the Edmonton Oilers forward died on Saturday. "It is with great sadness to share the news that our Colby Cave passed away early this morning," Cave's wife, Emily, wrote in a statement. "Both our families are in shock but know our Colby was loved dearly by us, his family and friends, the entire hockey community, and many more. We thank everyone for their prayers during this difficult time."

According to CBS Sport, Cave was airlifted to the Sunnybrook Hospital in Toronto on Tuesday after suffering a brain bleed overnight. It was discovered that a colloid cyst was putting pressure on his brain and he underwent emergency surgery before being placed in a medically induced coma in the hospital's critical care unit.  The National Hockey League has mourned the heartbreaking passing of Colby Cave, whose life and hockey career was cut shot.

NHL Commissioner Gary Bettman said in a statement. "An earnest and hardworking player, he was admired by his teammates and coaches. More important, he was a warm and generous person who was well-liked by all those fortunate enough to know him." Cave, a native of North Battleford, played 67 career NHL games with Edmonton and the Boston Bruins, who signed him as a free agent in 2015.

Monday, May 13, 2019

Record Jobs In Canada Since 1976

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Canada saw a record jobs gain in April, with a net 106,500 jobs added on a seasonally-adjusted basis. Economists had forecast just 15,000. This is the largest gain since 1976, when Statistics Canada began collecting data. Wages also rose 2.5% on a one-year basis, the strongest increase Canada has seen for eight months. The positive jobs news comes amid an otherwise stagnant economy, with the Bank of Canada lowering the domestic growth forecast for 2019 just last month.

Thursday, May 2, 2019

Canada Cannot Retaliate Against China Over $4B Canola Trade Dispute

a display in a store: Bottles of Canadian-made canola oil on a store shelf in Beijing (Mark Schiefelbein/AP)
(Mark Schiefelbein/AP)
One year ago, Canadians couldn’t grow enough canola to meet Chinese demand. Between canola seed, canola oil and canola meal, the Chinese imported roughly $4 billion worth of the oilseed crop from Canada, according to an analysis from the Canada West Foundation. Couple that with an escalating trade spat between the U.S. and China, and market analysts were predicting record canola shipments from Canada to China in 2019.

Then, in March, China suddenly reversed course—blocking shipments from two of our biggest exporters because they were supposedly contaminated with pests. It mattered not that Canada said otherwise. Prairie farmers were left wondering what do with no access to their primary market.

It didn’t stop there—which is why most observers believe the action had more to do with Beijing’s anger over the arrest of Meng Wanzhou than with defective Canadian crops. Canadian exporters then reported roadblocks as they tried to send peas, pork and soybeans to China. The delays ranged from unusually long inspections to newfound paperwork problems. There’s no reason to think other products won’t soon be targeted.

So, as China seems to be targeting Canadian exports, acting as though the two countries are locked in a trade war, why isn’t Canada retaliating? The answer may simply come down to a matter of size.

“We need China—and China doesn’t need us,” says Sarah Pittman, a policy analyst with the Canada West Foundation. “Retaliating would probably be satisfying, because we’re definitely being jerked around, but it might not be what’s best in terms of the Canadian economy.”

Wednesday, January 30, 2019

Canada Ranked No.1 Place to Live for Quality of Life

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In U.S. News and World Report's 2019 Best Countries Report, produced with the BAV Group and the Wharton School of the University of Pennsylvania, 20,300 respondents from 36 countries in the Americas, Europe, Middle East, Asia and Africa were asked to score 80 countries based on 65 attributes, Canada has been named as the #1 country in the world in 2019 for Quality of Life for the fourth year in a row.

The attributes were grouped under categories like adventure, citizenship, cultural influence, entrepreneurship, heritage, movers, open for business, power and quality of life. Overall, Canada also ranked as the third best country in the world for women, third for education, and second for corporate headquarters. 

Canada beat out Sweden, Denmark, Norway, Switzerland, and Finland, which all finished in the Quality of Life top five. According to the study, Canada placed number one for its political stability, strong job market, safe environment, and its good education system.

Wednesday, January 16, 2019

China vs Canada: Canadian citizen sentenced to death in China for drug smuggling

Canadian citizen sentenced to death in China for drug smuggling
A Chinese court on Monday sentenced a Canadian man to death for drug smuggling after prosecutors said an original 15-year sentence announced in November was too lenient.

“Dalian Intermediate People’s Court in the northeast province of Liaoning retried Robert Lloyd Schellenberg and handed down the death penalty,’’ the court said in a brief statement on its website. 

The case is likely again to test relations between Beijing and Ottawa, which has been tensed since Canada’s arrest of a Chinese executive at the request of the U.S. in December. The arrest was followed by China’s detention of two Canadian citizens on suspicion of endangering state security. This may be connected to Canada arresting a top official of Huawei corporation on the crime of espionage. A form of powerplay and politics which should not bring any danger to life, but here it is.

Monday, November 12, 2018

People's Choice Awards 2018: Complete List of Nominees and Winners

Black PantherThe annual People's Choice Awards, which honor popular film, TV, music, podcasts and more, took place Sunday night. Check out the full list of winners below

People's Champion Award: Bryan Stevenson
Fashion Icon Award: Victoria Beckham
People's Icon of 2018:  Melissa McCarthy
Movie of 2018"Black Panther"
"Avengers: Infinity War" *WINNER"Incredibles 2"
"Fifty Shades Freed"
"A Quiet Place"
Comedy Movie of 2018"Love, Simon"
"The Spy Who Dumped Me" *WINNER"Mamma Mia: Here We Go Again"
"Crazy Rich Asians"

Friday, November 9, 2018

Canadian Supermodel, Winnie Harlow Makes History at Victoria's Secret Fashion Show

Winnie Harlow makes history as first model with vitiligo to walk the runway at Victoria

Canadian supermodel, Winnie Harlow, made her debut at the Victoria's Secret Fashion Show on Thursday, becoming the first model with vitiligo to walk the runway for the lingerie giant.

The 24-year-old and girlfriend of American rapper Wiz Khalifa stormed the runway in a pink underwear set with feather detail and shimmery silver camisole.

'I have to admit, my nerves are a little bit higher than they usually are,' she told People before the show.

'I’ve cried a lot but mostly tears of happiness. This is the first major show I’ve done that will be broadcasted across the world on TV, which raises the stakes big time.

'But I’m more excited than anything else,' she explained.

More pictures

Tuesday, October 2, 2018

Details About Justin Bieber and Hailey Baldwin's Wedding and Prenup

Image result for justin Bieber and Hailey Baldwin'sThough Justin Bieber and Hailey Baldwin have denied being married, it has now been revealed that they actually tied the knot last month in New York City but chose to lie about it.

The young lovebirds got married the same day they got their marriage license at the courthouse.

For the wedding, their preacher was Jeffrey Quinn, a member of the faculty at Nyack College near the courthouse. The witness was Josh Mehl, a friend of Justin's who attends Churchome in Los Angeles.

Justin and Hailey both reached out to lawyers for a prenup on the very same day they got married, but there was no way to get a prenup drafted and signed that quickly. So, they got married without a prenup and there's been no move to have one drafted now.

One source said Justin is so in love he doesn't see the need for a prenup even though his net worth is estimated at $250 million and Hailey is reportedly worth a couple of million.

TMZ reports that the couple still plan to have a formal ceremony, but it would be a ceremony in name only because they are already husband and wife. 

Canadian Woman Awarded Nobel Prize Laurel

The 2018 Nobel Prize laureates in physics, Arthur Ashkin of the United States, Gerard Mourou of France and Donna Strickland of Canada, are announced at the Royal Swedish Academy of Sciences in Stockholm on Tuesday.
© Hanna Franzen/TT News Agency via Reuters The 2018 Nobel Prize laureates in physics, Arthur Ashkin of the United States, Gerard Mourou of France and Donna Strickland of Canada, are announced at the Royal Swedish Academy of Sciences in Stockholm on Tuesday.

Donna Strickland, an associate professor at the University of Waterloo in Ontario, on Tuesday became the first woman in 55 years and the third ever to win the Nobel Prize in Physics, sharing it with an American scientist and another from France for their work in laser physics.

The Swedish Royal Academy of Sciences on Tuesday said half the $1.28-million Cdn prize goes to Arthur Ashkin of the United States, and the other half will be shared by Strickland and Gérard Mourou.

The academy said Ashkin, who is the oldest person ever named as a laureate at 96, developed "optical tweezers" that can grab tiny particles such as viruses without damaging them.

Strickland, 59, and Mourou, 74, separately helped develop short and intense laser pulses that have "opened up new areas of research and led to broad industrial and medical applications," it said.

Their discoveries became the standard for high-intensity lasers used in millions of corrective eye surgeries every year, among other applications.

Strickland is the first female Nobel laureate to be named in three years and is only the third woman winning in physics: Marie Curie earned the award in 1903 and Maria Goeppert Mayer in 1963.

"Obviously we need to celebrate women physicists, because we're out there. And hopefully in time it'll start to move forward at a faster rate, maybe," Strickland said in a phone call with the academy after the prize announcement.

Thursday, August 9, 2018

Brewing War of Words Between Canada and Saudi Arabia

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Saudi Arabia and Canada are currently locked in a diplomatic spat over human rights, with both countries refusing to back down despite a breakdown in future trade deals, suspended passenger flights and a flurry of other sanctions.

The war of words between the two countries stems back to a series of tweets from Canada's Foreign Ministry last week, when Ottawa expressed concern over arrested civil society activists in Saudi Arabia.

Riyadh called the move a violation of its sovereignty and sought to impose a string of diplomatic sanctions against the North American country. In a tweet posted Friday, Canadian officials urged Riyadh to "immediately release" women's rights activists Samar Badawi and Nassima al-Sadah. Both campaigners were arrested in Saudi Arabia in late July, according to Human Rights Watch.

Saudi Arabia's Foreign Ministry took exception to Canada's online plea, calling it a "grave and unacceptable violation of the kingdom's laws and procedures."

Thursday, January 18, 2018

Two Canadians Reportedly Kidnapped in Northern Nigeria

Canadian, US Citizen & 2 Others reportedly Kidnapped in Kaduna - BellaNaijaThe Kaduna State Police Command has confirmed the abduction of four foreign nationals along Kwoi-Jere road in Kagarko local government area of Kaduna State.

Two escorts with the Nigeria Police Force were reportedly killed by the armed kidnappers, before the foreigners were abducted.

The Police Public Relations Officer (PPRO), DSP Mukhtar Aliyu confirmed that the foreign nationals included two Canadians and two Americans.

The Spokesperson said the nationals were said to be returning to Abuja from Kafanchan, Jema’a local government area of Kaduna state, adding, “the kidnappers laid ambush for them and engaged the the escorts in gun duel which led to the death of two policemen while the four foreigners were whisked to unknown destination.”

He said the Command had since swung into action as it had deployed its anti-kidnap unit and assured that the abductors would be brought to book.

The officer urged Nigerians to be vigilant and report any suspected persons or group of persons to the appropriate authorities.

National NDP Leader Jagmeet Singh Engaged

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New Democratic Party Leader Jagmeet Singh pulled back the curtain on his closely guarded private life, letting Canadians know Tuesday night that he is engaged.

Singh, 38, proposed to girlfriend Gurkiran Kaur, 27, at a private party Tuesday night just blocks away from the Ontario legislature in Toronto where he served as a provincial legislator for six years.

Singh surprised Kaur, an entrepreneur and fashion designer, with the proposal in front of several dozen friends and family members at a vegetarian restaurant where they had their first date.

Singh was elected federal NDP leader last fall and had been guarded about his personal life, but social media posts in December made headlines after it was reported he and Kaur were engaged.

The couple shot down the rumours, saying it was instead a "rokha'' — a traditional Punjabi ceremony held ahead of a wedding and usually attended by close family.

Toronto Becomes Top Contender for Amazon HQ2

Image result for hq2 amazonToronto is the only Canadian city on Amazon Inc.'s short list of 20 candidates for a second North American headquarters.

The e-commerce giant received 238 applications for the opportunity and says narrowing it down to 20 was very tough.

The other 19 locations it will consider are all in the U.S. and include New York City, Chicago, Los Angeles, Denver and Nashville.

Amazon says it plans to choose the location later this year after diving deeper into the proposals from its top cities.

An Amazon spokesperson says the process taught the company about several new communities across North America that it will consider as locations for future infrastructure investment and job creation.

The company plans to invest more than $5 billion into the forthcoming headquarters and hire 50,000 highly paid employees in the city housing it.

Friday, January 12, 2018

NBA Star LeBron James rips own team as Toronto Raptors thrash Cavaliers

a man standing in front of a crowd: LeBron James
For the first time in his career, LeBron James has lost consecutive games by 25-plus points.

The Cavaliers were thumped by the Timberwolves by 28 on Monday and got crushed by the Raptors on Thursday despite Toronto playing without two of its better players in Kyle Lowry (tailbone) or Serge Ibaka (suspension).

James recorded a career-worst minus-39 rating Monday and was minus-22 Thursday with just one assist as Cleveland's defense was non-existent in the first half of the 133-99 defeat to cap the season's midpoint.

Wednesday, January 10, 2018

Full Transcript and Video of Oprah Winfrey's Golden Globe 2018 Speech

Oprah Winfrey speaks after accepting the Cecil B. Demille Award at the 75th Golden Globe Awards
It was undeniably the most electrifying moment of the 2018 Golden Globes: Oprah Winfrey, the actor, author, entrepreneur, and humanitarian, accepted the Cecil B. DeMille Award for outstanding contributions to entertainment, and gave an inspiring speech that garnered standing ovation across the room. It is no surprise, many on social media are clamoring for her 2020 presidency candidacy. captured the systemic inequality that’s still rooted at the heart of the entertainment industry. Watch video and full script below;

2018: Canadian Job Market Going Strong

Image result for canadian job marketEconomists were left grasping for superlatives to describe the country’s latest jobs report out today. TD called it “unbelievable,” Scotiabank went with “ridiculously strong,” while BMO described it as a “blowout report.” So why are economists so excited? Just about everything is going right. Still, it makes you wonder if the jobs market is hot, where is the wage inflation?

The country added 78,600 jobs in December, according to Statistics Canada, an impressive number given that a whopping 79,500 positions were created in November. In the past year, the Canadian economy created 422,000 jobs, an increase of 2.3 per cent. That’s the strongest percentage gain in 14 years, according to BMO.

Lottery Winner Breast Cancer Patient Finally Pass On

Diane Bishop, a woman whose story touched hearts across the country, died Tuesday. Her family posted the news to Facebook.

Bishop, who had stage 4 breast cancer, made headlines in November when she won the Super Set For Life lottery.

Before winning the prize, she had been running a Needs Convenience store in Mount Pearl, where she was the franchisee.

A single mother of two sons in their 20s, Bishop told CBC News in October that she couldn't afford to stop working, despite her cancer spreading to her pelvic bone and lung, and her daily battles with bone and joint pain, nausea, headaches and severe fatigue from chemotherapy.

Monday, January 8, 2018

Golden Globe Awards 2018 Full List of Winners

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Hollywood’s best and brightest gathered at the 75th annual Golden Globes on Sunday to celebrate 2017’s film and television, and kick off the 2018 awards show season. Hosted by Late Night’s Seth Meyers—who received almost entirely positive reviews—the unpredictable awards were voted on by the Hollywood Foreign Press Association.

While Oprah Winfrey, the winner of the Cecil B. DeMille Award, may have been the star of the night thanks to an inspiring and thoughtful speech that touched on a number of relevant topics—freedom of the press, gender equality and sexual harassment, to name a few—in a focused and hopeful way, Three Billboards Outside Ebbing, Missouri and Big Little Lies tied for the most awards, winning four trophies each and taking home the top prizes in their categories of drama film and limited series, respectively.

See full list

Wednesday, October 18, 2017

Travel tips from Canadian 'the world's most travelled man'

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Mike Spencer Bown has been backpacking virtually non-stop since 1990, and has visited all 195 of the world's countries on all seven continents.

His grand adventure started 23 years ago, while he was looking down from a mountain in British Columbia. He told CTV Your Morning he had always been fascinated by ecosystems and was inspired to explore new ones.

“I’d seen what I could see across Canada and the States, but I was really curious about jungles, maybe the Himalaya Mountains and things like that,” said Bown, who says he first began his vagabond lifestyle to see different kinds of animals. “But then I found out that people, if anything, were actually more interesting.”

Through his travels Bown picked up a trick or two. For example, a khaki shirt with a lot of pockets is helpful for impersonating officials.

Wednesday, October 11, 2017

Sears Canada Cut 12,000 Jobs As Business Dwindles

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Sears Canada Inc. has decided to shut its doors and is seeking approval to liquidate its roughly 130 remaining stores — leaving another 12,000 employees across the country without a job.

The embattled retailer, which sought protection from its creditors in June, said Tuesday it had failed to find a buyer that would allow it to continue as a going concern.

The court overseeing Sears Canada's operations is set to hear a motion Friday seeking approval for the liquidation and wind down of the business.

"The company deeply regrets this pending outcome and the resulting loss of jobs and store closures," Sears Canada said in a statement on Tuesday.

Last week, Sears received a revised bid from a buyer group led by its executive chairman Brandon Stranzl to buy the business and keep it operating. It was the latest move in a weeks-long discussion process after Stranzl stepped away from his role to launch the bid.

However, on Tuesday, the retailer said that "following exhaustive efforts, no viable transaction" was received. A lawyer for Stranzl did not immediately respond to requests for comment.

Saturday, September 30, 2017

A Canadian Surreal Experience At Hugh Hefner’s Playboy Mansion

Julie McLeod of Oakville looks back fondly about her time at the Playboy mansion in the 1980s in the wake of Hugh Hefner's death.
© FACEBOOK Julie McLeod of Oakville looks back fondly about her time at the Playboy mansion in the 1980s in the wake of Hugh Hefner's death
Since news broke that Hugh Hefner, founder and editor of Playboy magazine, died Wednesday night at the age of 91 fans called him a “cultural icon,” and “media titan,” while critics hesitated to mourn a man they said embodied “male entitlement.”

Oakville resident Julie McLeod remembers him another way: as a kind, gracious host.

Hefner was well-known as a radical hedonist who played a major role in bringing sex into the mainstream of American media — a legacy that’s brought him both praise and derision.

McLeod, a former model and actress, was living in a hotel in Los Angeles in 1984 when her friend and fellow model Carrie Leigh — then Hefner’s girlfriend — invited her to stay at his famed home instead.

“I was a young woman so I was apprehensive,” McLeod told the Star on Thursday, nodding to the controversy surrounding Hefner that he made his living largely off women’s sexuality.

“There are a lot of people that will presume I must have been a playmate and it must have been wild. That was contrary to my experience.”

Wednesday, September 27, 2017

Trade War: US slaps 220 percent duty on Canada's Bombardier jets

The Bombardier CS 300 performs its demonstration flight during the Paris Air Show, at Le Bourget airport, north of Paris, June 15, 2015.
The Bombardier CS 300 performs its demonstration flight during the Paris Air Show, at Le Bourget airport, north of Paris, June 15, 2015
The U.S. Commerce Department on Tuesday slapped preliminary anti-subsidy duties on Bombardier Inc’s CSeries jets after rival Boeing Co accused Canada of unfairly subsidizing the aircraft, a move likely to strain trade relations between the neighbors.

The department said it imposed a steep 219.63 percent countervailing duty on Bombardier’s new commercial jets after it made a preliminary finding of subsidization. Boeing has complained the 110-to-130 seat aircraft were dumped below cost in the U.S. market last year while benefiting from unfair subsidies.

An April 2016 order for 75 CSeries jets from Delta Air Lines stemmed from the same harmful sales practices European rival Airbus SE employed to win business in the 1990s, according to Boeing.

The Commerce Department’s penalty against Bombardier will only take effect if the U.S. International Trade Commission (ITC) rules in Boeing’s favor in a final decision expected in 2018.

Wednesday, August 2, 2017

Canada Education System Better than US and Europe

Image result for canadian educationWhen there are debates about the world's top performing education systems, the names that usually get mentioned are the Asian powerhouses such as Singapore and South Korea or the Nordic know-alls, such as Finland or Norway.

But with much less recognition, Canada has climbed into the top tier of international rankings.

In the most recent round of international Pisa tests, Canada was one of a handful of countries to appear in the top 10 for maths, science and reading.

The tests, run by the Organisation for Economic Co-operation and Development (OECD), are a major study of educational performance and show Canada's teenagers as among the best educated in the world.

They are far ahead of geographical neighbours such as the US and European countries with strong cultural ties like the UK and France.

At university level, Canada has the world's highest proportion of working-age adults who have been through higher education - 55% compared with an average in OECD countries of 35%.

Thursday, July 13, 2017

Meet Astronaut Julie Payette, the New Governor General of Canada

Photo published for Julie Payette Appointed Governor General of Canada
Canadian Prime Minister Justin Trudeau name retired astronaut Julie Payette as the next governor general, the acting head of state and Queen Elizabeth's representative in Canada. Payette, 53, would replace outgoing Governor General David Johnston, 76, whose term is set to expire in September after nearly seven years in office.

Engineer, songstress, mother, pilot, astronaut, linguist, Olympic flag-bearer, scuba diver, governor-general designate. It’s a stretch to imagine any Canadian checking off all of those boxes, but Julie Payette, astonishingly, has managed it.

Standing alongside Prime Minister Justin Trudeau on Thursday afternoon in Ottawa, Payette was confirmed to be his choice for the Queen’s next representative in Canada. Both the NDP and Conservative leaders sent their best wishes.

Saturday, July 1, 2017

Happy Canada Day!

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Happy Canada to all fans of buzzcanada blog.

O Canada!
Our home and native land!
True patriot love in all thy sons command.
With glowing hearts we see thee rise,
The True North strong and free!
From far and wide,
O Canada, we stand on guard for thee.
God keep our land glorious and free!
O Canada, we stand on guard for thee.
O Canada, we stand on guard for thee.

French version

Monday, May 1, 2017

19-0 KO Champion - Anthony Joshua Knocks Out Wladimir Klitschko to Claim 19th Victory

Anthony Joshua added the WBA belt to his IBF title with an 11th-round stoppage of Wladimir Klitschko in a thrilling fight on Saturday.

Joshua was knocked down in round six but twice had Klitschko on the canvas in the penultimate round before the referee stepped in.

Not only did the 27-year-old retain the IBF World Heavyweight Championship, Joshua remains undefeated as a professional, with 19 victories.

The bout which made history as one of the biggest fight nights in boxing history drew a record post-war British boxing crowd of 90,000 at Wembley.

Any talk of Anthony Joshua versus Tyson Fury may have to be shelved for a bit, as Klitschko has a rematch clause to fight Joshua again.

Friday, April 21, 2017

Three Canadians Who Made It To Time's 2017 Most Influential People List

Image result for Time's Most Influential List For 2017We'll admit it — when an American news outlet puts out a list of important people in the world, we immediately start looking for the Canadians who are on it.
Call it a self-esteem issue, call it Canadian pride, but whatever it is, it never fails to send a shiver of happiness down our spines as we see some of the best and brightest from our country recognized on a world stage.
This year, Time magazine's list of the 100 most influential people celebrated three Canadians who made their impact in various ways: Samantha Bee, Margaret Atwood and Ryan Reynolds.

Host/Executive Producer Samantha Bee of 'Full Frontal With Samantha Bee' poses in the green room during the TCA Turner Winter Press Tour 2017.
According to an editor's note from last year, the list is chosen to represent people "who have lessons to teach .. and the power to make us think."
Prime Minister Justin Trudeau is perhaps notable in his absence, though he did make the list last year, and was a close runner-up in the readers' choice poll, which was eventually won by Philippine President Rodrigo Duterte.

Monday, April 17, 2017

Canadian Singer Nelly Furtado & Husband Demacio Castellon Split After 8 Years

Canadian-Portugese singer and songwriter Nelly Furtado has confirmed that she and her husband of 8 years Demacio Castellon have split.

The 38-year-old singer made an appearance on ITV’s Loose Women on Wednesday, where she spoke about the split.

She said; “I am single now, Someone here needs to update my Wikipedia—it’s not helping my dating life!”

“I went through an emotionally difficult time last summer and I actually wrote and sung myself songs to get through it, I would sing to myself while I drove on these long drives and I thought to myself, ‘I’m so lucky that I can write songs because I can soothe myself with them.’” She added.

Monday, April 3, 2017

Dollarama, the Most Successful Retailer In Canada

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Most would agree that Dollarama Inc currently takes the crown as being the most successful retailer in the country. And while the market has been firing on all cylinders for the past few years, talk of a slowdown and correction doesn’t seem to be a concern for Dollarama. Dollarama provided the latest quarterly update this week which showed the strength of the company and the opportunity the market still has for Dollarama to expand even further.

For the fourth quarter of fiscal 2017, Dollarama reported net earnings of $146.1 million, or $1.23 per diluted common share, representing an impressive increase over the $124.8 million, or $1.00 per diluted common share, in the same quarter last year. Dollarama reported sales of $854.5 million in the quarter — an increase of 11.5% over the same quarter last year. Comparable same-store sales increased by 5.8% for the quarter — over and above the 7.9% growth registered in the previous year. EBITDA grew by 19.1%, coming in at $226.2 million, representing 26.5% of sales.

Dollarama also announced a 10% increase to the quarterly dividend, which will now pay $0.11 per common share. Even with the latest increase, the stock is unlikely to be seen as a great income-producing investment, as the yield is far below 1%.

Read more 

Thursday, March 30, 2017

Canadians Supporting Trump To Build Wall

An asylum claimant and her two daughters cross the border into Canada from the United States Friday, March 17, 2017, near Hemmingford, Quebec.
© Paul Chiasson/The Canadian Press via AP An asylum claimant and her two daughters cross the border into Canada from the United States Friday, March 17, 2017, near Hemmingford, Quebec
‘Build that wall?’ Some Canadians are calling for more border control, too. Candidates for leadership of Canada’s opposition Conservative Party are calling for drastic measures to halt the flow of asylum seekers fleeing the United States into Canada, including deployment of the Canadian army to detain would-be refugees as they cross the border.

This get-tough approach reflects public opinion surveys that show a hardening of attitudes among some Canadians toward the asylum seekers and immigration in general, placing political pressure on the government of Prime Minister Justin Trudeau.

Canadian news recently has been full of images of migrants trudging across snow-covered fields and through icy ditches, hauling small children and suitcases as they cross into Quebec, Manitoba and other provinces from U.S. border states. The phenomenon has gained momentum since Donald Trump was elected president in November.

Kevin O’Leary, a reality-TV celebrity and neophyte politician who has taken a Trumplike approach to his quest for the Conservative leadership, says illegal crossings are “unacceptable” and that Canada must beef up its border security to avert a flood of refugees. “I don’t want what’s happening in Europe to happen in Canada,” he said in a recent campaign video.

Read in full