Petrol pump price hike expected, Ontario's first legal pot stores open today, and more top news
Getty Images

Petrol pump price hike expected, Ontario's first legal pot stores open today, and more top news

The news Canadian professionals are talking about now, curated by LinkedIn’s editors. Join the conversation by clicking the hashtags below.

Canadians in four provinces — Saskatchewan, Manitoba, Ontario and New Brunswick — should expect fuel prices to increase Monday when the federal government’s climate-change levy begins. The carbon tax applies to jurisdictions without provincial carbon pricing plans. The tax is expected to immediately add 4.5 cents on a litre of gasoline and 5.5 cents on diesel. By 2022, those prices are expected to rise to 11.6 cents and 13.7 cents, respectively. ? Here’s what people are saying.

The first legal cannabis shops in Ontario will open Monday. After the Ontario government announced a private system for selling recreational cannabis in 2018, industry observers expected more than 1,000 stores to open within the first few years of the private market. However, countrywide cannabis supply shortages mean fewer stores than industry observers expected are opening. Many other stores are still waiting for a licence to operate. ? Here’s what people are saying.

In an effort to “refocus” its business, Kellogg is set to sell its Keebler, Famous Amos and fruit snacks businesses to Nutella-owner Ferrero for between $1 billion and $1.5 billion, reports CNBC, citing anonymous sources. According to CNBC, Ferrero beat Hostess Brands for the Kellogg cookie assets. Ferrero has made several acquisitions over the past two years, buying Ferrara Candy Company for $1 billion and Nestle's U.S. candy business for $2.8 billion. ? Here’s what people are saying.

A lawsuit against Nestlé Waters over Poland Spring’s label can largely proceed. The suit claims that the company misled by labeling common groundwater as “100% Natural Spring Water.” The plaintiffs also allege that the original Poland Spring in Maine dried out 50 years ago and that Nestlé Waters maintains six “phony, man-made ‘springs.’” Nestlé Waters said it has complied with the Food and Drug Administration’s standards for spring water. The suit is seeking an unknown amount of damages. ? Here’s what people are saying.

Many top U.S. colleges have announced that their incoming class for next fall is the most exclusive ever, with acceptance rates at or near a record-low. Harvard and Dartmouth both have record-low acceptance rates at 4.5% and 7.9%, respectively. Cornell University accepted 10.6% of applicants, which is just slightly more than last year’s record-low of 10.3%. Low acceptance rates force many high school students to apply to more schools, growing the applicant pool and pushing down the acceptance rate in each subsequent year. ? Here’s what people are saying.

Idea of the Day: Successful people in any chosen field are team players, says Workskil Australia CEO Nicole Dwyer.

“Their ultimate success is built on their ability to work as a complete team and be inclusive of people of all walks of life.”

What's your take on today’s stories? Share your thoughts in the comments.

Carmel Melouney and Jessica Hartogs

According to the International Energy Agency, subsidies to FOSSIL FUELS amounted to more than $300 billion in 2017. So while dinosaurs protest about subsidies for renewable energy (which are fast disappearing), they remain silent about the extent to which we are subsidizing the fossil fuel industry. If you look at the carbon taxes being timidly and tentatively imposed, they are both much lower than the subsidies given to fossil fuels, and are growing more slowly. Between 2016 and 2017, fossil fuel subsidies grew by about $30 billion dollars. https://www.iea.org/weo/energysubsidies/ And Canada heavily subsidizes its oil industry as well. According to the International Institute for Sustainable Development, Canada provides direct & indirect subsidies amounting to $3.3 billion per year. https://www.iisd.org/faq/unpacking-canadas-fossil-fuel-subsidies/

回复
Tom G.

Consultant, Technical Account Management

5 年

What’s everyone worried about? Just head down to your local pot shop and pick up a bag a weed and smoke it. You will then understand how Trudeau thinks... “Hey man, this sh%# will fix itself if we tax the Canadian idiots. Just like my plan in how to balance the budget... “

回复

Thanks Justin “if I had a good idea the Lord would strike me dead” Trudumbasapost.

回复

Go ahead dig into my pockets some more. You are more than welcome to take the lint

Richie Weir

Photographer at Aurora North Imagery

5 年

Sounds about right!

回复

要查看或添加评论,请登录

LinkedIn Daily Rundown (Canada)的更多文章

社区洞察

其他会员也浏览了