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Trump Name Removed From Toronto Hotel

Tuesday, 27 June 2017 09:39 Megan
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The new owners of the Trump International Hotel and Tower Toronto have reached a deal that will see the Trump name removed from the property.

JCF Capital says it has reached an agreement with Trump Hotels to buy out the management contracts for the property for an undisclosed amount.

The joint venture between Juniper Capital Partners and Cowie Capital Partners was the successful bidder for the property's 211 hotel units, 74 residential units and most of its commercial, retail and amenity space.

Although the Trump brand has been on the downtown property, the Trump Organization has never owned the real estate - which has been the focus of a long-running legal battle.

Representatives of both companies say their relationship has been good and they may work again together in the future.

(The Canadian Press)

 

Beer Store Launches Home Delivery In Two Cities

Tuesday, 27 June 2017 09:38 Megan
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The Beer Store is now offering home delivery in two Ontario communities.

Customers in Ottawa and the Toronto suburb of Scarborough can now place an order online and have their purchases delivered within two hours.

Those placing the online orders will be subject to age verification requirements.

The Beer Store describes the limited roll-out as a pilot project, but offered no immediate details about potential expansion.

It says home delivery is part of its promise to modernize service.

The Liquor Control Board of Ontario began offering home delivery across Ontario last year.

(The Canadian Press)

 

Sentencing Hearing For Elizabeth Wettlaufer Today

Monday, 26 June 2017 05:04 Megan
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A former Ontario nurse who murdered eight seniors in her care is expected to appear at a sentencing hearing in Woodstock, Ont., today.

Elizabeth Wettlaufer pleaded guilty to eight counts of first-degree murder, four counts of attempted murder and two counts of aggravated assault in late May.

The 50-year-old admitted to using insulin in all 14 cases that stretched from 2007 to 2016, and has said she believed she was an instrument of God as she killed and hurt vulnerable patients.

The crimes, which occurred in three Ontario long-term care facilities and a private home, make Wettlaufer one of Canada's worst serial killers.

Victim impact statements are expected to be filed in court today, and some family members of Wettlaufer's victims are expected to read their statements to the court.

Crown prosecutors have said they are proposing a joint submission with the defence on sentencing.

They are suggesting all Wettlaufer's sentences run concurrently, with a life sentence with no eligibility for parole for 25 years on the eight first-degree murder counts, 10 years for the four attempted murder counts and seven years for both aggravated assault counts.

(The Canadian Press)

 

LCBO Strike Averted For Now

Monday, 26 June 2017 05:00 Megan
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A strike by LCBO workers has been averted -- at least for now.

The Ontario Public Service Employees Union says a tentative contract agreement was reached shortly after the midnight strike deadline passed.

Union president Warren “Smokey” Thomas says details of the accord won't be released before union members have a chance to look it over.

The deal was reached with the help of a mediator who had imposed a media blackout on the contract talks.

The LCBO had extended store hours for its outlets the past couple of days to allow customers more time to stock up in case there was a strike.

The eight-thousand unionized LCBO workers have been without a contract since March 31st.

(The Canadian Press)

 

Trading of Sears Canada Stocks Halted Ahead of Market Opening

Thursday, 22 June 2017 07:40 MH
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Trading of shares in Sears Canada (TSX:SCC) has been halted ahead of the Toronto Stock Exchange's open at 9:30 a.m.

The agency that regulates Canada's stock trading says the halt is pending news from the department store operator.

Halts are routinely issued when key developments could affect a company's share price.

Sears Canada's stock has already fallen dramatically amid questions about its future.

Last week, the company announced “significant doubt” about its ability to operate in its current form.

Sears Canada has said it could be sold or restructured but hasn't commented on a report it might seek court protection from creditors.

Shareholders rank after lenders and creditors in bankruptcy proceeding, so company shares could plunge if it does go the court route.

(The Canadian Press)

 

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