Loblaw Companies tax court trial over Barbadian banking subsidiary begins

TORONTO—Loblaw Companies Ltd. and the Canada Revenue Agency faced off in Tax Court on Monday over allegations that the retailer's Barbadian banking subsidiary had been misused for tax avoidance — a long-running dispute that could cost the retailer more than $400 million. Department of
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KUALA LUMPUR: Global investors ramped up their buying activity last week, marking the third uninterrupted week of inflows to stocks listed on Bursa Malaysia, according to MIDF Research. This is also the fifth time this year that weekly foreign buying level exceeds RM500 million, it noted. “Based on
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A Texan woman has admitted to defrauding SunTrust Mortgage and Freddie Mac, resulting in a loss of more than $40,000 after carrying out a short sale on her property, the Department of Justice has announced. Shauna Sutherland, a former special agent for Immigration and Customs Enforcement's
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Borrowers with a typical interest-only home loan face a $7,000 jump in their annual mortgage costs when their interest-only period ends and they are forced to start paying back principal, the Reserve Bank says. With almost $500 billion in interest-only mortgages set to expire in the next four years, RBA
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When adjusted for inflation, March's median price — the point where half the homes sold for more and half for less — is still 13.4% below the high reached during last decade's bubble. But on a year-over-year basis, prices have now risen every month for six straight years — the result of an increase in
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Home buyers, on your mark. As a reluctant spring gets underway after weeks of unseasonably cold weather, Pittsburgh's residential market is expected to heat up quickly, with pent-up demand chasing too little supply, causing bidding wars for well-appointed homes in good locations becoming an
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Local home sales surged for a third straight month in March even as tight inventories were blamed for slowing statewide growth. Existing … Over the past year, La Crosse County has been one of the state's tightest housing markets, which continued in March when the supply dwindled to just 2 months.
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Title: It's time to vote your proxy. Sub-title: Employees who own Southern Company common stock are encouraged to vote. Published April 24, 2018. By Briana McClendon. Four items are up for vote at Southern Company's 2018 annual meeting of stockholders. Employees who own Southern Company
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Mumbai: With RBI giving no relaxation to its February 12 framework on resolution of stressed assets, banks are likely to become more cautious and risk-averse to long-term funding, especially to the infrastructure sector, say lenders. On February 12, RBI had come out with revised framework for resolution
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The housing market continued to underperform its potential in March, reflecting primarily the persistent lack of supply, according to the Potential Home Sales Model released by First American Financial. March actual existing-home sales were 4.5% below the sales potential, First American found.
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Several services are still unavailable such as being unable to make faster payments from the bank's app and being unable to make a balance transfer or increase your credit card limit. App customers are also unable to view previous transactions as far back as January 2018. There are also still issues
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KARACHI: Yellow metal price remained depressed in international and domestic bullion market on Futures correction and dull trading as metal speculators anticipating output report in favour of buyers besides prolonged overall international inflationary conditions. Gold was trading at $1,324 an ounce
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Pirum has expanded its UK team with the appointment of Rossella Landy to its business development team in London. Landy will assist the Pirum team to continue to develop its product offering and client engagement. Prior to Pirum, Landy previously worked in front office roles at HSBC and Goldman
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Henry Schein Inc. (Nasdaq: HSIC) and Vets First Choice announced today plans for Henry Schein to spin off its animal health business and merge it with Vets First Choice, creating an independent publicly traded company. Vets First Choice, founded in Portland in 2010, has more than 750 employees in
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Get Data Sheet, Fortune's technology newsletter. But there are aspects of the poll results might surprise you. Facebook, the world's largest social network and a company that has come under fire of late for allowing user data to slip into the hands of third-parties, was cited by 10% of respondents as
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Under federal law, that 202 authority is generally reserved for emergencies such as war — not economic problems such as when power generators can't break even. Perry may have acknowledged those concerns when he told Bloomberg New Energy Finance on April 9 that an emergency order may not
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Commodities markets have been rocked this month as the curbs on Rusal, the largest aluminum supplier outside China, set off a rush for alternative supplies. The U.S. will provide sanctions relief to Rusal if Oleg Deripaska relinquishes control and extended the deadline for companies to wind down
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When Mitt Romney announced his candidacy for a Senate seat in Utah in February and received an endorsement from President Trump shortly thereafter, many expected that the former governor of Massachusetts and 2012 presidential candidate would be sailing to a November victory. And while a
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The National Association of Realtors® (NAR) said March sales of single-family homes, townhomes, condos, and coops rose 1.1 percent compared to … “The unwelcoming news is that while the healthy economy is generating sustained interest in buying a home this spring, sales are lagging year ago
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Three weeks ago Australia's new bank startup Xinja became the first financial institution in Asia Pacific to raise equity through crowdfunding. The amounts raised were not earth-shattering – just under A$2.5 million from 1,222 investors putting in as little as A$250 a pop – but the commitment seems more
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