Category: Canadian Business

U.S. releases updated list of tough NAFTA negotiation objectives as talks resume

MEXICO CITY—The United States has published an updated list of NAFTA negotiating objectives to reflect some of its tougher-than-anticipated demands in a reminder of the difficult hoeing ahead as parties seek fertile ground for a deal. The U.S. trade czar’s office released the new list on Friday just as the three chief negotiators began meeting…

Canada home sales tick up for third straight month in October

By The Canadian Press Wed., Nov. 15, 2017 OTTAWA—Canadian home sales in October ticked higher compared with September, the third consecutive monthly increase. The Canadian Real Estate Association said Wednesday the number of homes sold through its MLS system in October was up 0.9 per cent from the previous month, led by the Toronto region…

CRA zeros in on customer transactions linked to Israeli bank in tax evasion crackdown

The agency is asking the Bank of Montreal, Royal Bank and Toronto-Dominion Bank for records of deposits, cheques and electronic funds transfers associated with Bank Hapoalim’s correspondent accounts from April 1, 2011, to Sept. 30, 2017. The records will be reviewed and analyzed under the direction of the agency’s offshore compliance section and, where warranted,…

Alibaba sets ‘Singles’ Day’ record with $32B of sales in one day

By Bloomberg Sat., Nov. 11, 2017 Alibaba Group Holding Ltd.’s Singles’ Day shopping bonanza generated a record 168.2-billion yuan ($ 32 billion) in sales, as the company’s investment overseas and effort to link traditional retailers with the internet paid off. The annual frenzy posted a 39-per-cent increase in sales, exceeding Citigroup Inc. estimates and defying…