Search Results for: Canadian

BY MONICA DOBIE
COCA-COLA Bottling Ltd is being investigated by Canadian tax collectors, which may result in the soft-drinks giant handing over more than $100 million (CND) worth of back taxes, the Toronto Globe and Mail has reported.

It has revealed that Canadian tax investigators are examining how Coca-Cola prices the concentrate it uses to produce the drinks and whether the company charged too much to its bottling operations to keep both its Canadian profits and taxes low.…

BY MONICA DOBIE
ONLINE bookseller giant Amazon.com, is stirring things up in the Canadian Internet book market, by announcing it will lower shipping costs for Canadian customers, effectively stiffening up competition for the future Chapters-Indigo combine, the country’s largest book retailer.…

BY KEITH NUTHALL
THE GOVERNMENT of Canada has formally made an application to host the ITER international fusion test reactor, at a site near Clarington, Ontario. Ottawa’s move was made in Moscow by its ambassador to Russia, Rod Irwin, in the presence of representatives of other countries involved in the project; it is the first such bid.…

BY MONICA DOBIE
CANADIAN furriers are expecting international demand for fur garments will drive Canadian exports up 10-15 per cent this year, to more than CAN$350-million according to the country’s National Post newspaper.

Alan Herscovici, executive vice-president of the Fur Council of Canada, said fur does not have the negative connotations it used to.…

BY MONICA DOBIE, in Montreal, Canada
THE ROYAL Canadian Mounted Police in British Columbia are investigating the use of concrete tree spikes drilled into trees by environmental extremists to splinter the metal blade of a logger’s chainsaw or break huge saws used in mills, wrecking machinery and sending broken metal and concrete shrapnel in every direction.…

BY MONICA DOBIE
THE CANADIAN oil and gas industry has seen its largest corporate take-over when Houston-based Conoco Inc. agreed to buyout Gulf Canada Resources for CAN$6.7 billion in cash.

The deal will serve up a large piece of the natural gas pie for Texan giant Conoco in Canada, especially in the relatively untapped Mackenzie Delta gas deposits in the Northwest Territories.…

BY MONICA DOBIE
THE LIKELIHOOD of Inco’s Voiseys Bay, Labrador, nickel mine project going ahead has come a step closer with the company revealing plans to take on a partner. At a Canadian mining conference, Inco announced that it had bought out a group of shareholders in the project, giving it more control.…

BY MONICA DOBIE, in Montreal
MOLSON shareholders were given good tidings at an annual shareholders meeting in Montreal, where it was reported that the Canadian beer giant made profits of CAN$133.9 million for the year ended in March, compared to a loss of CAN$44 million last year.…

BY MONICA DOBIE
DALLAS based Hunt Oil Co. has taken over Chieftain International Inc., an Edmonton-based and Canadian-owned natural gas producer, with assets in the Gulf of Mexico, for CAN$915-million. Hunt is offering US$29 in cash for each Chieftain share and is to assume US$15-million of debt.…

BY MONICA DOBIE
TWO Canadian cigarette pack sleeve businesses, Bootiez and Cigarette Cover, have sold more than 2.5 million card covers to local shops across the country. Both companies have been doing a thriving business selling cigarette pack covers to smokers who prefer to look at frolicking kittens and bikini clad women instead of the diseased hearts and lungs that have been ordered to appear by Ottawa.…