Local company growing to a tea

A local company is quickly becoming an international success.It’s called “Steeped Tea” and it recently expanded into the United States with plans to sell tea products around the world. Mia Gordon shows us how the company’s owners took this business from their basement to the world.00:00:00 | 00:00:00::Projekktor V1.3.09

Hamilton police arrest Toronto man in child exploitation investigation

Hamilton police have arrested a Toronto man who is accused of luring children from Hamilton on the internet.Twenty-two-year-old David Mah is charged with two counts of luring a child under the age of 16 via computer and invitation to sexual touching.The charged were laid after police concluding their investigation into the online communication between a man in Toronto and youth within the city.Police are reminding parents to take a proactive approach to help protect their children from online sexual exploitation. Parents can find resources to assist them by clicking here. read more

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange:Toronto Stock Exchange (16,350.84, down 113.07 points).Encana Corp. (TSX:ECA). Energy. Up nine cents, or 1.55 per cent, to $5.88 on 7.7 million shares.Barrick Gold Corp. (TSX:ABX). Materials. Up 17 cents, or 0.71 per cent, to $23.97 on 7.6 million shares.Yamana Gold Inc. (TSX:YRI). Down 12 cents, or 2.69 per cent, to $4.34 on 7.4 million shares.B2Gold Corp. (TSX:BTO). Materials. Down nine cents, or 1.84 per cent, to $4.80 on 6.8 million shares.Kinross Gold Corp. (TSX:K). Materials. Down 15 cents, or 2.28 per cent, to $6.44 on 6.5 million shares.Bombardier Inc. (TSX:BBD.B). Industrials. Up two cents, or 1.16 per cent, to $1.75 on 5.3 million shares.Companies in the news:Air Canada (TSX:AC). Down 26 cents to $43.50. A Quebec Superior Court judge has authorized a class action lawsuit against Air Canada over fuel surcharges. The lawsuit, approved to proceed as a class action Monday, argues the country’s largest airline “illegally overcharged its customers” by more than double the cost of fuel on some flights. Michael Vathilakis, the petitioners’ lawyer, said Air Canada misrepresented the stated purpose of the surcharge, which was to partially offset the fluctuating price of jet fuel. Air Canada said Tuesday it disagrees with the allegations.Chorus Aviation Inc. (TSX:CHR). Unchanged at $7.68. The head of Chorus Aviation Inc. is playing down questions about how the sale of Bombardier Inc.’s CRJ Series aircraft will affect the company’s leasing business, which continued to make strides last quarter. Joe Randell noted Tuesday that Mitsubishi Heavy Industries Ltd., which bought the floundering regional jet program from Bombardier in June, scooped up the maintenance and marketing activities for the CRJ — though not its manufacturing operations — as part of the $550-million deal. Chorus, which leases planes across the globe and provides regional service for Air Canada, signed an agreement in February for nine more CRJs.Transat A.T. (TSX:TRZ). Up nine cents to $16.84. An independent proxy advisory firm is urging Transat shareholders to support the proposed $720-million takeover of the tour operator by Air Canada. Institutional Shareholder Services Inc. recommended on Sunday that shareholders vote in favour of the deal based on the original price of $13 per share and reiterated its support when Air Canada boosted its offer to $18 per share or about $200 million more. ISS says the acquisition by Canada’s largest airline is supported by the significant premium and certainty of the all-cash offer, execution risks associated with other alternatives and the sale process that gave other bidders time to submit superior offers.Brookfield Business Partners (TSX:BBU.UN). Up $1.26 or 2.7 per cent to $47.92. Brookfield Business Partners has signed a deal to buy a controlling interest in Genworth MI Canada Inc. for $2.4 billion. Under the deal, Brookfield has agreed acquire 48.9 million shares, or a roughly 57 per cent interest, in the business from the Virginia- based parent company Genworth Financial Inc. at a price of $48.86 per share. Genworth Canada is a private provider of mortgage default insurance for Canadian residential mortgage lenders. The Canadian Press read more

The top iPhone and iPad apps on App Store

App Store Official Charts for the week ending August 18, 2019:Top Paid iPhone Apps:1. Minecraft, Mojang2. Heads Up!, Warner Bros.3. Bloons TD 6, Ninja Kiwi4. Plague Inc., Ndemic Creations5. iSchedule, HotSchedules6. Facetune, Lightricks Ltd.7. Geometry Dash, RobTop Games AB8. True Skate, True Axis9. Bloons TD 5, Ninja Kiwi Limited10. Toca Hair Salon 3, Toca Boca ABTop Free iPhone Apps:1. Remind: School Communication, remind1012. TikTok – Make Your Day, musical.ly Inc.3. YouTube: Watch, Listen, Stream, Google LLC4. Gmail – Email by Google, Google LLC5. Instagram, Instagram, Inc.6. Snapchat, Snap, Inc.7. aquapark.io, Voodoo8. Messenger, Facebook, Inc.9. Google Maps – Transit & Food, Google LLC10. Facebook, Facebook, Inc.Top Paid iPad Apps:1. Minecraft, Mojang2. Procreate, Savage Interactive Pty Ltd3. Notability, Ginger Labs4. GoodNotes 5, Time Base Technology Limited5. Toca Hair Salon 3, Toca Boca AB6. Bloons TD 6, Ninja Kiwi Limited7. Geometry Dash, RobTop Games AB8. Fantasy Football Draft Kit ’19, Roto Sports, Inc.9. Amazing Frog?, FAYJU10. XtraMath, XtraMathTop Free iPad Apps:1. aquapark.io, Voodoo2. YouTube: Watch, Listen, Stream, Google LLC3. Collect Cubes, Alictus4. Netflix, Netflix, Inc.5. Amazon Prime Video, AMZN Mobile LLC6. OnPipe, SayGames LLC7. Puzzle Fuzzle, Lion Studios8. Sticky Block, Voodoo9. Google Chrome, Google LLC10. Gmail – Email by Google, Google LLC__(copyright) 2019 Apple Inc.The Associated Press read more

French lawyers doctors nurses protest pension changes

PARIS — French lawyers, doctors, nurses, pilots and others are taking to the streets of Paris to protest planned pension changes by French President Emmanuel Macron’s government.Monday’s demonstration gathers people working in the private sector with professions regulated by the state, who currently benefit from a special pension regime.Pilots and air crew have joined the protest called by their unions. Air France has not warned the public of any flight disruptions.The French government wants to apply the same rules to all new retirees order to replace the 42 different retirement systems linked to certain jobs. It says workers will still be able to retire at 62.Protesters, however, fear the changes will make them pay more taxes or work longer to get their pensions.Associated Press, The Associated Press read more

WatchPaying down debt should be a priority for low income workers but

TORONTO — Investment planning can often be seen as a luxury for the financially stable but advisers say that it’s especially important for those who are starting out in their careers or are struggling with debt.“Sometimes people think they’re not earning enough money to go and sit down with a financial adviser or talk to a professional,” said Sara Zollo, an adviser and financial planner with Sun Life Financial.“I think that’s a mistake. I think the sooner you do… the sooner your situation will reverse itself and head into the black faster. Having a plan is valuable.” A quarter of Canadians with home equity lines of credit are paying only the interest on their loans: survey If money doesn’t buy happiness, why are we so obsessed with getting more of it? More people are going broke in Canada as interest rates rise Zollo says her clients range from wealthy individuals with $1 million or more in liquid assets to recent college graduates embarking on their first job to those who are dealing with spending more than they earn.The initial advice she gives all clients is to first work out a budget and do a cash flow analysis that will show whether the client is running a surplus or a deficit each month.While it is vital to reduce debt, Zollo suggests the allocation should be comprised of 80 per cent of available funds being put towards debt, with 20 per cent set aside in a temporary savings account.“Let’s say there is a miscellaneous expense like your car breaks down, then these people are going to use their credit card and add to their debt because they don’t have an emergency fund,” she said. “They end up being like a hamster on a hamster wheel.”It can take four or five years to pay down debt, and to go that long without any savings or financial plan would be a critical mistake, says Zollo.A general rule of thumb is to have three to six months of household expenses set aside in the event of an emergency.Jason Heath, a fee-based financial planner, notes that those with low to moderate incomes may not benefit, and in some cases, even be penalized if they invest in a registered retirement savings plan.“The real benefit of an RRSP is getting a tax deduction when you’re in a high tax bracket and pulling the money out when you’re in a low tax bracket,” he said.“When your income is low to begin with, it’s not inconceivable that you’re putting the money in at a low tax bracket and pulling the money out at a high tax bracket. Sometimes the higher tax in retirement isn’t even necessarily specifically from income tax, it can be from government tax benefits.”In that case, Heath said a tax-free savings account may be a better option, but only if debt has already been paid off.“For someone in a low tax bracket or low income who may have debt, saving money in a TFSA at one per cent (interest) when they have mortgage debt at four per cent, a line of credit at eight per cent or credit card debt at 18 per cent or more doesn’t really make any sense,” he said.“Whether you pay down debt or save, the ultimate goal is to increase your net worth. Debt repayment can be the best investment they can make. The less debt you have, the more you can save for the future.”Laurie Campbell with Credit Canada says the best financial advice for someone with a low income is to ask for help if you need it.“No matter who you are, don’t be embarrassed if you have a financial problem or if you’re struggling financially,” said Campbell, chief executive at the credit counselling agency.“It happens to so many people, but people are so embarrassed and they don’t want to talk about it. They feel shame. Seek credit counselling. It’s confidential, it’s very compassionate and non-judgemental in helping people manage through a very difficult time.” read more