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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
thestar.com)
 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
cbc.ca)
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
yahoo.com)
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
cbc.ca)
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
oshawaexpress.ca)
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
vancouversun.com)
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
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