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It’s Tuesday, Aug. 11. Here are the top stories we’re following today.
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Under a new Commodities Sectoral Support Program announced on Monday, steel shippers can apply for a rebate that will offset 50 per cent of the costs to ship domestic steel by rail or marine transport across provinces and territories.
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Once the sale of Moneris Solutions Corp., a company that helps businesses accept card and digital payments is completed, Royal Bank of Canada expects to earn about $475 million after tax, while Bank of Montreal will gain approximately $600 million. Neither bank expects the sale to have a significant impact on future earnings.
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The Income Tax Act has many pairs of mismatched socks. Legislators are often more comfortable with a provision’s politics than with how it clashes with the rest of the act or with the unintended consequences that follow, writes Kim Moody.
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Workers are protected by enforcing the law, not by pretending words have meanings that neither party intended, write Howard Levitt and Puneet Tiwari.
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Even with the recent glow from the employment numbers, 37,523 Canadian consumers filed for insolvency in the second quarter, up nearly seven per cent from a year ago and the highest for any quarter since the tail end of the Great Recession in 2009.
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