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Canadian Push 8-28-14


Tim Hortons deal could spark ‘inversion’ frenzy - Fueling the Canadian Push
The perception that rules may be amended “has created a sense of urgency” on the part of corporations, including some facing market pressures to follow competitors, report says. A backlash against corporations repatriating abroad to lower tax bills may spur even more so-called inversion transactions as companies rush to make the move ahead of an expected crackdown by governments in the U.S. and the U.K. Canadian companies are in the takeover sights of U.S. firms mulling inversion (in which a U.S. parent becomes a subsidiary of a non-U.S. parent corporation.) Remember Walgreens faced the same decision and backed off last month stating they didn't want to fight with the IRS and they were concerned about the public backlash. But this could re-fuel the Canadian Push which some have already said will start to slow down now that most everyone has opened stores there or are about to or have already announced their plans to. (Source

Counterfeit electronics can be 'highly dangerous'  Counterfeit electrical equipment can be tempting for budget-friendly post-secondary students heading back to school in the fall, but the dodgy purchases can pose a serious fire danger. "The counterfeiters will cut every corner possible. So, using substandard parts, bypassing safety elements of an electrical product." George Wagner, the acting chief of prevention for Toronto Fire Services, warned shoppers about purchasing cheap goods on the internet. It might be cost-effective, but they do not meet the standards and that's a dangerous concern to us sometimes," he said. (Source

Some CNE vendors told to cease and desist with counterfeit goods
Cease and desist letters were given to several vendors at the Canadian National Exhibition this weekend to stop the selling of counterfeit goods. It’s a problem that has plagued ‘The Ex’ before. Last year police seized nearly $1 million worth of counterfeit goods and laid charges. The CNE said that those charged vendors were not allowed back this year. But over the weekend notices showed that the problem has reared its head again. In a statement today, the CNE said that “a retail review committee requires every vendor to submit a full list of products intended for sale; “and that CNE officials are working in full cooperation with investigators to monitor and enforce the anti-counterfeit policy as best best they can. (Source

Canadian Retail Sales Improving up 4.8% in June

Montreal $400k Armored car heist at Place Portobello Mall  The guards were servicing a Royal Bank at the Place Portobello shopping centre on Taschereau Boulevard when they were attacked by two individuals armed with guns and wearing Halloween masks last Thursday night. Police found a stolen car parked at Brossard City Hall a few hours after the incident that they believe may be connected to the heist. The two guards were taken to hospital to be treated for pepper spray and shock. (Source

Durham, Ontario CN Off-duty Officer credited for breaking up retail fraud
Three people are now facing a combined 461 charges thanks to an off-duty Durham police officer who is being credited for breaking up an active retail fraud group while shopping at an Oshawa grocery store. On August 17 at 2:30 p.m. the officer was shopping at the Real Canadian Superstore on Harmony Road North in Oshawa. He noticed a man committing multiple fraudulent transactions in the store and discreetly contacted the major crime fraud unit. Members of the organized crime section responded and were helped by central west and central east division officers and a K-9 team. As a result of this incident, officers seized 121 credit cards encoded with fraudulently obtained data, encoding equipment and approximately $1,600 in cash. (Source

Surrey RCMP arrest two after mobile phone store robbed 
Police have arrested two suspects following a robbery at a mobile phone store Tuesday night, during which a worker at the business was stabbed in the arm. Police are recommending charges of robbery and assault with a weapon against the two suspects, who are Surrey residents, aged 20 and 16. On Aug. 26 before 6 p.m., Surrey RCMP received a report of a robbery at a mobile phone store in the 18600-block of Fraser Highway. (Source

OPP Traffic stop leads to drug, credit card fraud charges

Thieves break through wall at Cambridge, Ont., Source store, steal $10k in electronics

Armed robber flees Airdrie Mac's store on foot

Saskatoon Police search for woman after drug store robbery

Canadian Push 8-28-14
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