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Ontario’s cannabis Crown corporation lost $42 million in latest fiscal year

TORONTO — Ontario Cannabis Retail Corp. lost $42 million in the latest fiscal year, according to newly released public documents.The provincial Crown corporation tasked with online sales and wholesale distribution of recreational pot reported revenues of $64 million for the year ended March 31, 2019.However, Ontario’s consolidated financial statements show the OCRC, which operates as…

Woman, 65, needs to cut costs and simplify finances. This plan will give her $157,000 a year

Situation: Unpredictable illness complicates woman’s retirement planningSolution: Plan for long life with the idea that money not dispensed can be left as a legacyA woman we’ll call Nancy, 65, lives in Ontario. An officer of a financial institution, she has recently been generating after-tax income of $15,700 per month. Unfortunately, her future is clouded by…

Canadians less indebted as rebounding equity, property prices bolster net wealth

Canadian household debt eased in the three months to August for the third consecutive quarter as higher incomes more than offset increased borrowing because of low interest rates, according to Statistics Canada.Household credit market debt as a proportion of household disposable income fell to 177.1 per cent, showing there was $1.77 in credit market debt…

Liberals vows to axe credit card swipe fees, give money for websites, in package of pledges for small business

TROIS-RIVIERES, Que. — Liberal Leader Justin Trudeau is unveiling a package of pledges today that he says will help boost small and medium-sized businesses.During a campaign stop in Trois-Rivieres, Que., Trudeau says a Liberal government would eliminate the so-called “swipe fee” on sales taxes that merchants must pay to credit-card companies on every transaction.He also…

Terence Corcoran: Trudeau will win a fight over SNC-Lavalin

There are unmistakeable Putinesque aspects to Prime Minister Justin Trudeau’s handling of the SNC affair: arm twisting of bureaucrats, a minister mysteriously removed from her post, misleading responses to questions, refusal to lift cabinet confidentiality for a criminal investigation, and — most bizarre — the KGB-style decision of the RCMP to call off its criminal…

Giant, high-energy ‘bubbles’ shroud the center of the Milky Way – NOVA Next

Roughly 7 million years ago, something at the heart of our galaxy exploded.The cataclysmic event was so violent that it punched a pair of holes in interstellar space, carving out two colossal bubbles tethered together in an hourglass some 1,400 light-years across. Out from the structure gushed a torrent of radio waves, emanating like SOS…

A New Way to Measure Cosmic Distance Could Help Solve a Frustrating Inconsistency About the Universe – Gizmodo

Gravitational lensing in the galaxy cluster SDSS J0915+3826Photo: ESA/HubbleWe can add yet another way to measure the universe’s expansion onto the pile of controversy that could perhaps be the most exciting story in cosmology today.The universe is expanding. Measurements of the most distant detectable electromagnetic radiation predict one value for the rate of expansion, but…

First water detected in the atmosphere of a habitable-zone planet – Ars Technica

The rains of K2-18b — While the planet itself may not be habitable, it suggests others could be. John Timmer – Sep 12, 2019 7:00 pm UTC Enlarge / An artist’s impression of the planet K2-18b and its clouds.On Wednesday, astronomers announced the first detection of water in the atmosphere of a planet that orbits…