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Business News Advisory – CP

by ahnationtalk on April 13, 201825 Views

Source: The Canadian Press
Apr 13, 2018 

Here are the CP Business Department’s early plans for today. All times Eastern unless otherwise stated. All ETAs and word counts approximate. Entries are subject to change as news develops. If you have any questions, please don’t hesitate to contact business editor Sunny Freeman at 416-507-2185 or sunny.freeman?thecanadianpress.com or assistant business editor Jody White at 416-507-2024 or jody.white?thecanadianpress.com. We can also be reached at 416-507-2138.

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COVERING:

Last night we had breaking news coverage of Ottawa’s decision to investigate a complaint from Tim Hortons franchisees that their parent company isnt keeping promises made to secure takeover approval from the federal government in 2014.

We will have breaking news coverage of the latest home sales data, which comes out at 9 a.m.

We will do a brief item on Cogeco Inc.’s latest results.

This weekend we will have a feature look at how Canada’s other pipeline proposals are faring and whether they stand a better chance than the dead and dying. Will move Sunday at 10 a.m.

We’ll also have Sunday coverage of the pipeline meeting between Trudeau and the premiers of B.C. and Alberta.

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TOP STORIES:

Ottawa investigating Tims franchisee concerns

Tim-Hortons-Feds

The federal government is looking into concerns raised by a dissident group of Tim Hortons franchisees about the potential violation of terms Ottawa placed on a deal that saw Canada’s most iconic restaurant chain taken over by a Brazilian firm.A spokesman for Innovation Minister Navdeep Bains said Thursday the government will investigate allegations that Tims owner Restaurant Brands International has failed to live up to promises made to the federal government under the Investment Canada Act in 2014. PHOTO. Moves multiple wires; guard against duplication.

OEB nixes Hydro One-Orillia Power deal

Hydro-One-Orillia

TORONTO _ The Ontario Energy Board has rejected Hydro One’s application to purchase the Orillia Power Distribution Corp.Hydro One had announced a deal to acquire the utility company for $41.3 million in 2016. The figure included the assumption of about $14.9 in OPDC debt. Moves Business and Ontario regional. Guard against duplication

Premium Brands buys Oberto meat snack business

Premium-Brands-Oberto

VANCOUVER _ Premium Brands Holdings Corp. will expand its portfolio of specialty meats products with the acquisition of Seattle-based Oberto Sausage Company, a 100-year-old family-run business.Oberto produces beef jerky and other snack foods under various brands including Oberto and Cattleman’s Cut.

Global stocks mostly up as trade, Syria uncertainties ease

Financial-Markets

SEOUL _ Global stock markets were mostly higher Friday investor appetite for risk returned after the U.S. said it was exploring the possibility of returning to trade talks with 11 Pacific countries. Sentiment also improved as the U.S. said it is consulting allies before making a final decision on possible military strikes against Syria.KEEPING SCORE: Britain’s FTSE 100 was flat at 7,256.35 in early trading while France’s CAC 40 rose 0.2 per cent to 5,320.74 and Germany’s DAX gained 0.5 per cent to 12,472.06. Futures augured a tepid start on Wall Street with S&P futures up 0.1 per cent and Dow futures also up 0.1 per cent. PHOTO.

CALENDAR:

xy-LIMA _ Prime Minister Justin Trudeau travels to Lima, Peru: 9:30 a.m., meets with President of Peru, Martin Vizcarra (Directorio 1 Room, 4th Floor, Westin Hotel); 10:50 a.m., delivers remarks at the III CEO Summit of the Americas (Plenary Room, 3rd Floor); 1 p.m., hosts a Caribbean Leaders working luncheon (Huascaran Room, 2nd Floor, Hilton Lima Miraflores Hotel); 3 p.m., meets Mexican President Enrique Pena Nieto (Nasca Room, 2nd Floor, Swissotel); 4:15 p.m., meets with President Chile Sebastian Pinera (Salkantay Room, 2nd Floor, Hilton Lima); 5:45 p.m., participates in the Leaders’ Arrivals (Gran Teatro Nacional); 6 p.m., participates in the Official Opening Ceremony of the VIII Summit of the Americas (Gran Teatro Nacional, Theatre, 1st Floor); 8:30 p.m., attends a dinner hosted by President Vizcarra (Government Palace).

SHANGHAI/BEIJING _ Heritage Minister Melanie Joly leads Canada’s first creative industries trade mission to China with stops in Shanghai and Beijing. Through April 13.

WASHINGTON _ The Board of the Canadian Electricity Association discuss advancing bilateral energy policy at the Washington Board Policy Forum. Through April 13.

MONTREAL _ Transport Minister Marc Garneau makes a funding announcement at the Port of Montreal. Media must pre-register with Transport Canada’s media relations (613-993-0055) and arrive no later than 8:45 a.m. (10 a.m. at 851 chemin des Moulins Albert 00 site, Bickerdike Terminal)

MONTREAL _ Cogeco Inc. and Cogeco Communications Inc. discuss second-quarter results. Dial 1-877-291-4570 or for the webcast, go to http://corpo.cogeco.com/cca/en/investors/investor-relations. (11 a.m.)

OTTAWA _ The Canadian Real Estate Association releases the resale housing statistics for March. (9 a.m. at www.CREA.ca)

TORONTO _ RBC hosts a breakfast panel discussion on how the agri-food sector can achieve growth, featuring Dominic Barton, Chair of the Federal Advisory Council on Economic Growth. (7:30 a.m. at RBC, 40th Floor, 200 Bay St.)

TORONTO _ Indigenous Services Minister Jane Philpott appears at the Economic Club of Canada to discuss the economics of reconciliation, graduation rates for Indigenous students and the infrastructure gap on reserves in Canada. (11:30 a.m. at One King West Hotel, 1 King St. W.)

INDEX: ADVISORIES BUSINESS

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