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Rumourism is taking flight – Business News

| History:

Richard Branson's Virgin Galactic is gearing up to finally send his tourism rocket ship to the edge of the room.

If successful, it would be a big step towards the long-standing dream of commercial space tourism.

The next test flight could come as early as Thursday with two pilots who took Virgin Space Ship Unity high above California's Mojave Desert.

CEO George Whitesides said on Wednesday that they will try to exceed a height of 50 miles, which Virgin Galactic considers the limit of space. Whiteside said it is the standard used by US Air Force and other US agencies.

It differs from a long sight that places the limit of 62 miles. But Whiteside cited new research that favors the lower altitude and said that as a US company it would use US standards.

Achieving the threshold of space would show significant progress towards the start of commercial flights, promised more than a decade ago. Virgin Galactic's development of its spaceship took much longer than expected and endured a setback when the first experimental craft broke into a 2014 test flight and killed the mediator.

"It's a day we've been waiting for a long time," said whitesides.

More than 600 people have committed up to $ 250,000 for rides in the six-passenger rocket, which is about the size of an executive jet. They have waited years to feel kicked by the rocket's ignition, a near-vertical high-speed drive in the darkness of the room and several minutes of weightlessness overlooking the ground far below.

The spaceship has not been launched from the ground, but is transported under a special plane to an altitude of about 50,000 feet. It then loosens from the plane, ignites its rocket engine and climbs. The rocket is closed and the vessel shoots to the top of its climb – and then a descent begins to slow down and stabilize by unique "removal" technology. The twin tails rotate temporarily upwards to increase drag and then return to a normal flying configuration before the vessel slides to a landing on a runway.


December 12, 2018 / 2.30 | History:

The National Energy Board plans consultations over the next three months to consider a jurisdiction challenge for the approval of a pipeline needed to supply natural gas to the newly sanctioned LNG Canada project of 40 billion dollars.

But the plan that construction will begin next year will continue based on the $ 6.2 billion Coastal GasLink Pipeline's provincial approvals and permits, said a spokeswoman for the project.

NEB consultations will only consider the issue of whether the British Columbia Oil and Gas Commission was competent to issue approvals for the project, NEB said.

If it decides that the project must be under federal jurisdiction, the regulator says that the advocate must make a formal NEB application and undergo a separate process to win federal approval.

"If NEB decides Coastal GasLink must be federally regulated, the project believes that NEB will address the transition from province to federal jurisdiction," said pipeline spokeswoman Jacquelynn Benson in a mail Wednesday.

"If this situation occurs, Coastal GasLink will review this decision to determine its way forward."

The NEB actions are in response to a challenge of B.C. resident Mike Sawyer, who claims that because TransCanada Corp. will own and operate the proposed pipeline and its connected Nova Gas Transmission Ltd. system together, they constitute a single system that crosses Alberta-B.C. border and therefore must be regulated by the federal government.

NEB says on its website that it will accept further written evidence from the developer late this month, taking written evidence from interveners in January and collecting information requests and answers from the parties in January and February before they hold final oral arguments in March.

LNG Canada announced its partners in October – Royal Dutch Shell, Mitsubishi Corp., Petronas, PetroChina Co. and Korean Gas Corp. – had taken a final investment decision to continue the project after delaying it in 2016 due to the poor global prices for LNG.

The 670 kilometer long pipeline will have an initial capacity to bring up to 2.1 billion. Cubic feet daily natural gas from wells in northeastern BC to the proposed liquid natural gas export plant near Kitimat.

December 12, 2018 / 10:51 | History:

Statistics Canada says that maple syrup production fell by 21.7 percent to 44.5 million liters in 2018, the lowest level for three years.

Production was down in each producing province except Nova Scotia and Ontario, where production rose 9.4 percent to 2.1 million liters, most since 2011.

Quebec produced 40.4 million liters, a decline of 22.4 percent from 2017 due to unusually late snow and cold, while New Brunswick production fell 34.5 percent to 1.6 million liters.

The total value of Canadian maple products fell 22%. To 384.4 million. $ While the syrup price remained relatively unchanged at $ 39.24 per. Gallon.

Federation of Quebec Maple Syrup Producers lost their strategic reserves this year to avoid wild price fluctuations or lack of supplies.

Quebec produces approx. 72 percent of world maple syrup, with the rest of Canada producing eight percent, and the United States produces 20 percent.


December 12, 2018 / 10:47 | History:

Via Rail has chosen Germany's Siemens over Bombardier Inc. for a $ 989 million contract to build new rolling stock as the Canadian Passenger Service renews its fleet of locomotives and cars to the Quebec Corridor Railroad, Ont, Windsor.

The company confirmed the contract, which will see trains built in California.

Deliveries will begin in 2021 for commissioning the following year.

Via Rail and Siemens also announced a 15-year technical service and party agreement valued at $ 355.5 million.

The Canadian Railway Company requires 32 new trains to maintain its current capacity of 9,100 seats. The equipment must be able to run on electricity when it is installed along the route.

US Transport Minister Marc Garneau has said that the decision to bypass Bombardier and the workers at the La Pocatiere factory, Que., Is justified because Canada's free trade agreements with the EU and the US do not allow Via Rail to favor Bombardier in awarding contracts.

December 12, 2018 / 10:45 | History:

Toyota recalls about 70,000 Toyota and Lexus branded vehicles in North America to replace airbag inflators that could explode and throw shrapnel on drivers and passengers.

The revocation covers Corolla 2003-2005, Sequoia 2002-2005, Tundra 2003-2005 and Lexus SC 2002-2005.

Takata uses the chemical ammonium nitrate to create a small explosion and breathe the bags up. But it can deteriorate and burn too fast, blowing a metal container.

Toyota and Lexus vehicles were revoked earlier, and the pumps replaced with new ones that still used ammonium nitrate. In the latest recall, Toyota will use inflators manufactured by another company with a safer chemical.

Owners will be notified early next year. Toyota says that it has spare parts available.

About 65,000 of the recalled vehicles are in the United States

Toyota says it makes the withdrawal one year ahead of a schedule set by the US National Highway Traffic Safety Administration.

At least 23 people have died worldwide because of the problem caused by blowers made by Takata Corp., resulting in the largest series of automatic withdrawals in American history. They cover 37 million vehicles and approx. 50 million pump in the United States. About 100 million pumps are revoked worldwide.

The revocation forces Takata from Japan to seek bankruptcy protection.

December 12, 2018 / 9:38 | History:

WestJet Airlines says it collaborates with a probe of Canada's competition watchdog following accusations of predators from a competitor.

The Calgary-based carrier said in an email Wednesday it is "compiling information" in response to a survey from the competition authority.

Edmonton-based Flair Airlines has accused WestJet and cheaper offshoot Swoop to undermine its business by pricing prices at or below cost and flooding certain airplane routes in violation of the competition rules that protect new entrants from more dominant airlines.

Flair Managing Director Jim Scott tells the Canadian press that the ultra-low cost carrier lost about $ 10 million between mid-June and mid-October as a result.

He says that WestJet has offered tickets starting at $ 39 for flights between Edmonton and Abbotsford, a step that costs $ 2 million from June 20 to October 15.

Scott says it was soothing to see media reports that the federal government in Canada ordered a WestJet vice president to come to the Commissioner for Competition to explain the airline's tactics.

December 12, 2018 / 6:45 am | History:

Like many millennia, Sarah Rogalsky does not go out of her way to buy lottery tickets.

The 32-year-old is part of an office pool and chips of $ 2 a week at his Winnipeg workplace, primarily for the social aspect of playing with others.

"I have never bought a lottery ticket on my own."

She is part of a nationwide trend that lottery agencies try to reverse. By upgrading technology and making games more accessible, they hope to attract and retain more young adults – a generation that has grown up with seemingly endless entertainment options available at the click of a mouse or fingerprints.

There are many ways to be entertained, says Rogalsky, and the long odds of scoring big in a lottery are not enticing.

"For example, my parents would buy lottery tickets because they thought there was a chance they would win while someone like me, I know how to make those chances is literally."

In 2014, Interprovincial Lottery Corp., representing all provincial and territorial lottery agencies, issued an application for a new lottery game similar to Lotto 6-49 and appeals to adults under 35 years. The number of young adults buying national lottery tickets dropped to "historical" levels, the document said.

Western Canada Lottery Corp., representing prairie provinces and three northern territories, reported a drop of 150 million dollars in lottery revenue in 2017 from the year before. Ontario Lottery and Gaming Corp. cited a "diminishing core player base" in its latest annual report.

In recent years, lottery agencies have moved to make gambling more tech-friendly and easier for people to access. Several provinces have opened online gambling sites where players can participate in casino-style games or buy lottery tickets. Lottery terminals in corner stores go high-tech and interactive.

In September, Ontario Lottery and Gaming Corp. introduced. a new instant lottery ticket combining the traditional scratch requirement with an animated spider wheel displayed at the lottery terminal. The agency also makes some products available in merchant's cashier lanes.

The company is "improving customer experience and ensuring it is responsive to customer expectations by investing in digital technology and product solutions," spokesman Tony Bitonti wrote in an email.

December 12, 2018 / 5:35 am | History:

In a season of great Indian weddings, Wednesday's marriage of scions of two billion families can be the biggest of them all.

The bride, Isha Ambani, is the Ivy League-trained daughter of industrial Mukesh Ambani, believed to be India's richest man. Forbes estimates its net worth of over 43 billion dollars.

The groom, Anand Piramal, is the relative pauper. His father, industrialist Ajay Piramal, is believed to be worth $ 10 billion.

The wedding is held in Mumbai on Wednesday, but the celebrations began a week ago, starting in September with an engagement party at an Italian palace by the lake. During the weekend, thousands of pre-wedding parties took part in a 16th-century mansion in the Indian Desert City of Udaipur, where videos shot by parties showed Hillary Clinton to dance with Shah Rukh Khan, one of India's biggest movie stars, as former US state secretary John Kerry danced just a few yards away.

A highlight was a performance of Beyonce, who was singing "Crazy In Love", among other hits, with a band that supported her and a series of costume changes that included at least one Indian inspired outfit.

"Beyonce lights up Udaipur," shouted the times in India in a Tuesday heading.

Indian weddings are well developed, many families run into debt with expectations that they invite hundreds or thousands of people and arrange professional song and dance shows.

Among the kingdom of India, weddings are exhibited by almost unimaginable wealth, with guests flying in to chartered jets from around the world, and celebrities paid hundreds of thousands of dollars for short exhibitions. In 2004, a daughter of Indian Steel Baron Lakshmi Mittal held her engagement party at Versailles.

The Indian media noted that the actual Ambani wedding in Mumbai was expected to be a relatively small affair, with only 600 people attending. Several parties will follow the marriage.

Antilla, Ambanis' 27-storey Mumbai home, has been lit with candles for the wedding, resembling a small skyscraper at night. The family is said to have reserved hundreds of hotel rooms for their guests.

Indian bridegroomers traditionally drive for their weddings on horses, but Piramal arrived at the Ambani home in a classic Rolls Royce, with march bands playing together.

December 12, 2018 / 5:17 | History:

For Irvings, it was Bouctouche. To McCains, Florenceville.

Now, in the little Blacks Harbor, between an Irving gas bar and the local Freshmart, is a small two-story masonry, headquartered for New Brunswick's latest family-run multinational.

Cooke Aquaculture Inc. is the world's largest independent seafood company, with billions of dollars in annual revenue that sends a billion pounds of fresh seafood annually to 67 countries.

And it's getting bigger. Founded 33 years ago, the company is set to complete its latest profession, which grows its global workforce to approx. 9,000 employees.

Cooke is in the last stage of buying one of the largest shrimp agricultural companies in Latin America, although the exact details are held back until the agreement is completed in the coming weeks.

"Cooke Aquaculture started in 1985 by Gifford Cooke and his two sons Michael and Glenn. They started cultivating 5,000 salmon in a pen," said Joel Richardson, vice president of Cooke Aquaculture.

"It has grown over the years through approximately 100 acquisitions since 1985 globally. We have now become the world's largest independent seafood company. We are independently family owned here and Blacks Harbor is our headquarters," he said.

The company's revenues are expected to be 2.4 billion. Dollars in 2018. Cooke operates 657 vessels and 25 processing plants. It operates under a number of brands, including True North Seafood Company, Icicle Seafoods and Wanchese Fish Company.

Last month, Canadian Chamber of Commerce is named Cooke Aquaculture Inc. its Top Private Business Growth Award winner in Canada in 2018.

Growth started naturally for the cooks. Four years after opening their first salmon cake, they needed a delivery of eggs and smolt so they bought a rug.

The company website describes the subsequent purchases, including feed plants, distributors, processing plants and other aquaculture and wildlife operations.

"We have bred salmon operations in Chile, Scotland, Maine, Washington and we also make sea bass and sea breeds in Spain. We also have cod operations in the United States and in Latin America," says Richardson.

Ca. 40 pct. Of Cooke's seafood business is wild cod.

Despite the growth around the world, the company has its roots in rural New Brunswick and has about 2,000 employees here.

"Entrepreneurs and families in New Brunswick have a special connection to where we are from," said Richardson.

Observers resemble them to dynasties like Irvings and McCains, local family businesses that have set their ground at the North American stage.

Donald Savoie, an expert in economic development at Universite de Moncton, said that there is a common mindset for family-run resource companies that have their roots in rural New Brunswick.

"When you start with natural resources you do not need much start-up capital. You do not need venture capital, you do not need the stock market. You need opportunities and an entrepreneur with a simple mind," he says. said.

December 11, 2018 / 9:20 | History:

Lisa Clyburn knew she had found the perfect gift for her nine-year-old son: a cat-themed logic game that would appeal to his passion for cards and cats.

But when Edmonton's child psychologist pushed out his phone to show her son a funny cat video on Facebook, she feared that she might accidentally tipped him to Christmas Day surprise after an advertisement for the present she had just ordered online appeared in her feed and catch the boy's eye.

"It would not have been on his radar if he had not seen it," said Clyburn with a sigh. "I wanted to think that mom found this cool game, which I knew he liked."

Clyburn is one of a number of social media users who say they have been burned by online advertising pampering romantic outings, season tickets and even an engagement ring where some internet dealers take precautions like searching for dekojegaver to throw their loved ones without them for the smell of this holiday season.

But experts say it's not only surprises that are at risk of exposure, as technical companies and retailers are still developing more sophisticated tools to target users with online ads.

University of Toronto Marketing Professor David Soberman said that the practice of collecting information about consumers to target them with ads is as old as the industry itself. However, the online age has given businesses a troubleshooter of personal information that allows them to target consumers with a degree of precision, which at times may seem disturbing.

Soberman said businesses build consumer profiles by tracking their online movements associated with an IP address, a unique identifier for each computer using the Internet, and through cookies, which are small text files that allow websites to log a user's visit and activity. Advertisers can also use data as volunteers when they create a profile for a website or app – for example. Name, Age, and Location – So when a user signs their account on a new phone or computer, their surfing habits can be tracked across devices he said.

One of the ways companies can try to reach potential buyers is through a process called retargeting, Soberman said, where users are served with ads for products they have already looked up online. For example, he said that if an online shopper visits a website for a hardware store for the crafter on their Christmas gift, ads from his dealer will follow the user around the web to lure them to click on purchases.

Ideally, these personal advertisements should create value for both the seller and the buyer, says Soberman.

The small proportion of ads that picks the user's privacy issues is only a symptom of a much broader issue, which means people do not understand that they signed up to be tracked as they checked the box that accepted a website's terms and conditions, he said.

"I think what ends up is that only when we feel something is done that we feel is not true that you're getting a situation where you're not happy, "said Soberman. "Many people agree on things, and they'll be sad afterwards."

Vance Lockton, a strategic analyst at the Office of the Privacy Commissioner of Canada, said that the privacy guard dog takes into account two primary concerns in the online advertising market surveillance – the sensitivity of the information and the individual's reasonable expectations.

Most online advertisements are based on an "opt-out" model of consent, Lockton says, which means companies can assume that they are allowed to track users' behavior for marketing purposes, but should allow them to withdraw from be targeted.

On platforms like Google and Facebook, all that is required is a couple of clicks that a user can view and change their ad settings, and the Digital Advertising Alliance of Canada offers a tool that allows users to opt out of targeted ads from a row network.

But Lockton said federal law puts a higher degree of opt-in consent to online ads based on sensitive topics that a user expects to remain private, such as health and financial information, which requires users to explicitly accept being served with ads about These topics are based on their search history.

In a survey in 2015, the private commissioner's office examined 9,000 ads and found that three percent was targeted on previous searches. Of the approx. 300 targeted ads found that 34 were based on sensitive searches like "pregnancy test", "women's shelter" or "depression cure".

Although the extent of the problem seems relatively minor, Lockton said that the impact of this information, which is revealed, may be far-reaching.

He said that the regulations also do not take into account the information that, depending on the context, could be considered sensitive.

"There is no light test to say what is sensitive and what is not," he said. "An engagement ring … is definitely something that I would say it's not obvious to me on the one hand, whether it's sensitive. It may be the case that it would be."

To Eric Morris, Director of Google Canada's retail, these distinctions are crystal clear. If an online shopper is looking for an engagement ring, they may be exposed to offers from different goldsmiths to find the best cut and price for the occasion, he said, and it is up to the user to keep their browsing secret from their hopefully soon- to-be-engaged.

"We distinguish between engagement rings and what we call sensitive information, whether it's related to health or a person's financial information," he says, adding that one can find a list online of sensitive categories where the company has made this difference.

For sensitive categories, including healthcare and financial services, Morris said that Google has rigorous policies in place to prevent information about a user's personal hardships, identity and convictions and sexual interests from being revealed through targeted advertising. He said that Google has developed artificial intelligence technology that can filter out ads with sensitive information, and human employees also review ads to ensure that users' privacy is protected.

A Google Canada spokeswoman concluded the phone interview when Morris was asked if ads that could bypass the tech giant's sensitivity screening would violate users' privacy. Google said that Morris was not the right person to answer questions about what Google collects about users for targeted advertising.

December 11, 2018 / 9:48 | History:

Shoppers at one of Canada's largest and busiest shopping malls can now use the same bathroom, whether they identify as a man or woman when the Yorkdale Shopping Center opened its first gender neutral bathroom.

The Toronto Mall is the latest public space to offer such restrooms as schools, restaurants, community centers and other institutions move to more inclusive.

"The new laundry room provides an inclusive opportunity for everyone, including transgender people, people with different gender identity, and those who may require some kind of accompaniment," reads a statement from the shopping center.

The 10-stall laundry room has been open to the public for less than two weeks and is in addition to the seven men's and women's laundry rooms, respectively, two family facilities, three nursery rooms and several single toilets.

"Yorkdale strives to offer customers and employees the choice to use which option is most enjoyable for them," said the mall.

The shopping mall is not the first shopping mall.

Real estate company Ivanhoe Cambridge, which operates 28 shopping centers across Canada, has had what it refers to as universal toilets for some time now.

"We have identified the need for such facilities sometime ago," said Roman Drohomirecki, Executive Vice President and Chief Executive Officer, as it is the company's intention to provide customers and retail partners with a safe and welcoming environment.

Beginning with his Vaughan Mills store in north of Toronto in 2012, the company has added 20 universal laundry rooms on nine of its properties, he said, and there are ongoing plans for additional facilities elsewhere.

"All our new projects include design-built universal laundry rooms. All our renovations or renovations require the addition of universal toilets in addition to our gender-specific and family laundry rooms. In our centers, a universal bathroom is for a single person at that time."

Cadillac Fairview and Morguard, both of which own several shopping malls in Canada, did not respond immediately to a request for comment on gender neutral bathrooms at their facilities.

Several other public places have incorporated gender neutral bathing facilities.

The Royal Ontario Museum in Toronto also has a non-sexual laundry room with several stalls – like several Canadian restaurants and universities.

Some communal centers and swimming pools around the country also include changing rooms.

December 11, 2018 / 9:24 | History:

Enbridge inc announces $ 1.8 billion in new investments, including purchase of pipelines and terminal assets in northern Alberta from $ 265 million from oil producer Athabasca Oil Corp.

The Calgary-based pipeline utility and power company says it will also spend $ 600 million to buy a 22.75 percent interest in Gray Oak Liquids Pipeline which is under construction and is expected to deliver light crude oil to Corpus Christi, Texas , starting in late 2019.

Enbridge announces another $ 800 million in spending on four US gas transfer expansion projects in the US to be deployed in the 2020-23 timeframe.

Prior to the investment day in New York today, the company said it would raise the dividend by 10 percent for next year.

This means that it will pay a dividend of $ 2.95 per year annually. Share effective in the first quarter of 2019. On the basis of Enbrid's closing stock price Monday to $ 42.09, the stock will have an annual dividend of approx. 7 pct.

Enbridge also says it forecasts an additional 10%. Increase in yield for 2020.

The increase in its payment to shareholders comes as the company has restructured its business this year to focus on its low-risk pipeline and utility business.

Enbridge has sold non-core assets, simplified its structure and reduced its debt.

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