{"id":8462,"date":"2018-05-08T05:17:16","date_gmt":"2018-05-08T09:17:16","guid":{"rendered":"http:\/\/business.financialpost.com\/?p=1587322"},"modified":"2018-05-08T09:33:09","modified_gmt":"2018-05-08T13:33:09","slug":"five-things-you-should-know-before-starting-your-work-day-on-may-8","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2018\/05\/08\/five-things-you-should-know-before-starting-your-work-day-on-may-8\/","title":{"rendered":"Five things you should know before starting your work day"},"content":{"rendered":"

Good morning! Shari Kulha<\/a> here with the news you can use before the day really gets rolling. Today we’ve got a breakfast-blend of offerings, starting with an interesting twist in the Trans Mountain story.<\/p>\n

‘RANK HYPOCRISY’<\/strong><\/p>\n

The British Columbia Investment Management Corp. \u2014 which manages the pension funds for B.C.\u2019s public sector workers (and thus for Premier John Horgan as well) \u2014 owns various stakes in the oil and gas industry, Geoffrey Morgan<\/a> reports, including US$18 million in the U.S. pipeline company Kinder Morgan<\/a>. Ironically, Horgan has vociferously been battling Kinder Morgan in the war against its expansion of the Trans Mountain pipeline, even as BCI has been increasing its holding in the company. <\/p>\n

PLYING OUR TRADE<\/strong><\/p>\n

Canada faces a competitiveness challenge<\/a> that must be addressed with “tremendous urgency,” reiterates RBC CEO David McKay. \u201cThe U.S. has moved the yardsticks. So has China, in a different way. It\u2019s clear we can\u2019t afford to stand still.\u201d Though corporate tax rates are part of the problem, \u201cmuch bigger challenges\u201d exist, he says.<\/p>\n

HEATING UP<\/strong><\/p>\n

Canada\u2019s traditional grocery stores continued to lose food market share<\/a> to Walmart and Costco in 2017, a new report says. Sales of food at traditional grocery and convenience stores were flat last year, while food sales at general merchants \u2014 a group that includes Walmart, Costco and Dollarama \u2014 were up 15%, Hollie Shaw<\/a> reports. <\/p>\n

THE ORACLE ORATES<\/strong><\/p>\n

At the Berkshire Hathaway AGM<\/a>, the world\u2019s most famous investor had lots to say about tech stocks, cryptocurrencies, trade relations and, of course, where to find value. As David Dias<\/a> writes, Warren Buffett once again talked up Apple, saying he will probably be increasing his share from five to six or seven per cent. He also said he’d continue to hold on to his $108-billion cash pile rather than spread the wealth to shareholders. <\/p>\n

A-GRANDE-FULL-CAFF-WITH-WHIP DEAL<\/strong><\/p>\n

In the third-biggest transaction in Nestle\u2019s 152-year history, the Swiss food giant will spend US$7.15 billion for the right to market Starbucks-branded products,<\/a> melding its international distribution network with the biggest name in java. With last year’s sales having risen at the weakest pace in more than two decades, Nestle will use Starbucks’ name recognition in the U.S., where Nestle has struggled with its own products, such as Nespresso and Dolce Gusto.<\/p>\n","protected":false},"excerpt":{"rendered":"

A handful of top business stories we’re tracking in Financial Post<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/8462"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=8462"}],"version-history":[{"count":2,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/8462\/revisions"}],"predecessor-version":[{"id":8480,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/8462\/revisions\/8480"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=8462"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=8462"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=8462"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}