Author: ovieoftoronto

According to Costco’s executive Pierre Riel, the wholesale giant has slashed prices on hundreds of items since the beginning of 2023. Riel, the chief operating officer of Costco Wholesale Corp.’s international and Canadian division, made these remarks during a session with a House of Commons committee in Ottawa focused on food prices. Speaking in French to MPs, Riel explained that Costco has actively managed price increases while swiftly implementing decreases as input and commodity costs decline. Emphasizing Costco’s commitment to offering value to its customers, Riel highlighted the expansion of the company’s private-label brand, Kirkland Signature, which has seen a…

The commute into and out of downtown Toronto via the Gardiner Expressway is poised to become more challenging as the City of Toronto’s Gardiner Expressway Strategic Rehabilitation Plan is set to resume this spring, as confirmed by Toronto House . According to a city spokesperson, the contract for the forthcoming construction work was awarded in October 2023, with preliminary work already underway. Rehabilitation efforts commenced beneath the Gardiner Expressway in November 2023, with lane reductions anticipated to begin as early as late March 2024, depending on weather conditions, spanning from Dufferin Street to Strachan Avenue, limiting traffic to two lanes…

Premier Doug Ford has announced that Ontario drivers will soon be relieved of the obligation to annually renew their license plate registrations, as the province moves towards automating this process. Ford made this declaration during a press conference held in Toronto on Tuesday morning, stating that the province is eliminating the need for drivers to undergo the re-registration process entirely. This initiative follows the previous elimination of license plate stickers, with Ford emphasizing that vehicle registration will now be automatically renewed, alleviating concerns for motorists. The announcement follows a report by the Toronto Star revealing over one million expired license…

The Ontario government is soliciting input from taxpayers regarding the future of pollution taxation within the province. Premier Doug Ford announced on Tuesday that proposed legislation, dubbed the Get It Done Act, aims to provide citizens with a direct say in determining the implementation of a provincial carbon tax, cap-and-trade system, or alternative carbon pricing mechanisms. Ford emphasized the necessity for ensuring that any potential carbon taxation scheme receives explicit endorsement from the populace before being imposed, aiming to prevent the imposition of burdensome taxes without adequate public consent. Since 2019, Canada has enforced a national pricing mechanism for pollution,…

NEW YORK – An argument between two groups of teenagers riding the New York City subway exploded into deadly violence Monday when shooting started after the train’s doors opened at a station, killing a man and wounding five others. The gunfire broke out on an elevated train platform in the Bronx at around 4:30 p.m., a time when stations throughout the city are filled with kids coming home from school and many workers are beginning their evening commute. A 34-year-old man was killed, police said. The wounded included a 14-year-old girl and 15-year-old boy, and three adults, ages 28, 29 and…

The World Bank and IMF have warned of the potential threat to the global economy from the Gaza conflict and subsequent attacks on ships sailing in the Red Sea.International Monetary Fund Managing Director Kristalina Georgieva said economies in the Middle East and North Africa have already been affected by the conflict between Israel and Hamas, which has been going on since October.The longer the fighting goes on, the bigger the global impact could be, Georgieva warned at the annual World Government Summit in Dubai, which brings together political and business leaders.“My biggest concern is that the conflict continues, because the…

“Today, I am sounding the alarm again. A military operation in Rafah could lead to genocide in Gaza. It could also leave an already fragile humanitarian operation on the brink of death.” said in a statement Tuesday.He said more than 1 million people were now crammed into the city and “a scenario we have feared for many years is unraveling at an alarming rate”. Faced with death, they have little to eat, little medical care, nowhere to sleep or safe place to go.end the warMr Griffith says that for more than four months, humanitarian workers have been working in near-impossible…

The Comprehensive Commodity Exchange of India (MCX), India's largest non-agricultural commodity exchange, resumed trading around 1pm on Tuesday after experiencing technical issues that led to a temporary shutdown. According to a circular issued by MCX, the trading hours for the commodity derivatives sector on February 13, 2024 will be changed from 9 a.m. to 1 p.m.Initially, the deal was delayed until 11am due to file generation issues. However, no trading took place after the normal trading start time of 9 a.m.ExpandingAnuj Gupta, Head of Commodities and Currencies at HDFC Securities, said this is the first time such an issue has…

The Delhi Metro Rail Corporation has announced that certain ticket gates at nine metro stations in Delhi will be closed due to the farmers' protest. Check the complete list and latest updates on Delhi Metro. Subscribe to notifications New Delhi: A farmers protest has been organised today, 13th February 2024, with nearly 200 farmer unions from Punjab, Haryana and Uttar Pradesh marching towards the national capital. Due to the protests, Section 144 has been implemented in parts of Haryana and across Delhi and the state government has also issued a traffic advisory. A travel advisory has also been issued from…

Chartered Professional Accountants of Canada is cutting 20 per cent of its workforce ahead of a move by provincial oversight bodies in Ontario and Quebec to split from the national organization. The organization, which represents chartered professional accountants across Canada, had about 400 employees across the country before the cuts. CPA Ontario and the Quebec CPA Order announced in June last year they would be exiting their agreement with CPA Canada, triggering an 18-month countdown to a split. CPA Canada president and CEO Pamela Steer said that Ontario and Quebec’s pending withdrawal triggered a review, which resulted in the decision…