Five stories in the news for today Oct 11

first_imgFive stories in the news for Wednesday, Oct. 11———TRUDEAU-TRUMP TO TALK TRADE TODAYPrime Minister Justin Trudeau says his approach in a sit-down with U.S. President Donald Trump today is to find common ground. The two leaders are to meet as round four of talks to revamp NAFTA get underway. Key issues on the table this week include government procurement, remedies for trade disputes and on Saturday, what could be contentious talks over agriculture.———FEDS: NO TAXES ON EMPLOYEE DISCOUNTSThe Trudeau government insists that employee discounts will not be taxed despite an updated Canada Revenue Agency document that suggested they will be. Political rivals and business lobby groups have voiced strong concerns that such a policy could lead to higher taxes on retail workers, many of whom earn lower wages. But National Revenue Minister Diane Lebouthillier insists that Ottawa is not targeting retail-sector workers. She says the CRA guidance document was only meant to help employers understand their tax-reporting requirements.———QUEBEC PREMIER TO SHUFFLE CABINET TODAYQuebec Premier Philippe Couillard will shuffle his cabinet this morning in a bid to give it a younger look ahead of next year’s provincial election. According to data compiled by The Canadian Press, more than a third of his cabinet ministers are over the age of 60 and only 19 per cent are under 50. The general election is set for next October.———SEARS CANADA PLANS COMPLETE SHUTDOWNSears Canada is giving up on the idea of remaining in business after seeking creditor protection in June. The retail chain has decided to shut its doors and is seeking approval to liquidate its roughly 130 remaining stores — leaving another 12,000 employees without a job. That doesn’t include the 2,900 job cuts Sears Canada announced in June. The court overseeing Sears Canada’s operations is set to hear a motion on Friday seeking approval for the liquidation and a wind down of the business.—DEALING WITH MONTREAL’S DEVALUED TAXI PERMITSThe head of one of the companies offering financing for taxi permits in Montreal insists there is still a market for the much-devalued commodity. The price of a permit has decreased almost 40 per cent since Uber began operating in Quebec about four years ago, according to the province’s Transport Department. Michel Hebert’s company, FinTaxi, is doing what it can to prop up the market by refusing to finance permits at a value below $110,000 — regardless of how much a seller is willing to offer.———ALSO IN THE NEWS TODAY:— Conservative MP Erin O’Toole will hold a news conference in Ottawa to discuss the latest round of NAFTA talks.— The Fraser Institute will release a study on mortgage regulations in Canada.— Toys R Us Canada will file a motion in Ontario Superior Court as it tries to reorganize under bankruptcy protection.— The Supreme Court of British Columbia is scheduled to release a decision regarding assisted dying legislation.— Environment and Climate Change Minister Catherine McKenna speaks to the London School of Economics.— Closing arguments begin in Montreal in the murder case of Randy Tshilumba, accused of killing a Maxi store clerk in 2016.— Ontario Finance Minister Charles Sousa attends the groundbreaking of a new 5,000 seat entertainment complex in Niagara Falls.— Members of the rock band Foreigner hold a news conference in Calgary to talk about a new musical.last_img