TORONTO — Shoppers can expect their local Target Canada stores to begin knocking down prices starting Thursday, after the retailer received court approval to begin liquidating its stock.Justice Geoffrey Morawetz of Ontario Superior Court gave the company the go ahead following a hearing Wednesday involving dozens of lawyers representing the retailer, landlords and suppliers.[np_storybar title=”Pride took down a giant: How Target’s corporate hubris was its Canadian undoing” link=”https://business.financialpost.com/2015/01/15/theresa-tedesco-pride-took-down-a-giant-how-targets-corporate-hubris-was-its-canadian-undoing/”%5DRarely has there been a company to enter this country with more brand recognition than Target had. Canadian shoppers accustomed to cross-border shopping waited with great anticipation for its arrival in March 2013. All we wanted were U.S.-style Target stores in Canada, slightly retrofitted to adapt to our national idiosyncrasies, namely frugality and politeness. Instead, what we got were empty shelves, higher prices, sketchy customer service, and apologies. Keep reading. [/np_storybar]Landlords have expressed concern that Target’s liquidation sales will tarnish the image of their malls and take away business from other retailers who are renting space.“I think all parties are exaggerating,?” Morawetz said.“And I mean that quite sincerely.”Target liquidation sales could start Thursday, retailer seeks court approvalHow Target’s grand reveal of store locations contributed to its demise in CanadaAlready many Target stores have stopped carrying perishables such as milk, eggs and frozen foods, Target spokeswoman Molly Snyder said.The company is still clearing product out of its distribution centres, she added.In addition to its remaining inventory, Target’s shelving, fixtures and equipment will also be sold.The U.S.-based retailer announced last month that it would close all 133 of its Canadian stores and lay off more than 17,000 staff, just two years after it began opening stores in Canada.Some of those reductions have already happened at its Toronto headquarters where its 770 person staff has been reduced to about 80 people, Snyder said.The company took over old Zellers locations and began to open under the Target banner in Canada for the first time in March 2013, but failed to deliver on customer expectations.
Daily Archives: October 8, 2019
WINNIPEG — Prices were lower in mid-morning trading at ICE Futures Canada on Friday:Canola: Nov. ’17 $0.90 lower $489.90; Jan. ’18 $1.10 lower $496.20; March ’18 $0.70 lower $501.20; May ’18 $0.30 lower $503.80; July ’18 unchanged $504.80; Nov. ’18 unchanged $485.70; Jan. ’19 unchanged $487.40; March ’19 unchanged $490.10; May ’19 unchanged $490.10; July ’19 unchanged $490.10; Nov. ’19 unchanged $490.10.Barley (Western): Oct. ’17 unchanged $145.00; Dec. ’17 unchanged $148.00; March ’18 unchanged $151.00; May ’18 unchanged $151.00; July ’18 unchanged $151.00; Oct. ’18 unchanged $151.00; Dec. ’18 unchanged $151.00; March ’19 unchanged $151.00; May ’19 unchanged $151.00; July ’19 unchanged $151.00; Oct. ’19 unchanged $151.00.Array
The 22nd Session of the Human Rights Council opened today with statements by Remigiusz A. Henczel President of the Human Rights Council, Vuk Jeremic, President of the General Assembly and Navanethem Pillay, High Commissioner for Human Rights. This was followed by the commencement of the High Level segment where country statements were delivered. Sri Lanka’s Permanent Representative to the UN Ambassador Ravinatha Aryasinha and members of the delegation attended the session. The current session runs through the 22 March 2013. Sri Lanka is due to engage the Council under relevant agenda items and a number of thematic sessions. Minister Mahinda Samarasinghe, Minister of Plantation Industries and the President’s Special Envoy on Human Rights and leader of the Sri Lanka delegation, who is due to arrive in Geneva tomorrow, will deliver Sri Lanka’s National Statement during the High Level segment of the Human Rights Council on Wednesday. (Colombo Gazette) The Sri Lankan government, today told members of the UN Human Rights Council (UNHRC), that the promotion and protection of human rights as enshrined in the Vienna Declaration and Programme of Action (VDPA) should be carried out in a spirit of cooperation, mutual respect and dialogue, and in conformity with the purposes and principles of the UN Charter, and norms governing international relations.Speaking during the High Level Panel meeting at the 22nds session of the UNHRC on the Vienna Declaration and Programme of Action, the Deputy Permanent Representative of Sri Lanka to the UN in Geneva Manisha Gunasekera said that Sri Lanka is particularly mindful of the VDPA’s affirmation of the universality, indivisibility, interdependence and interrelatedness of human rights which denotes the equal importance of civil and political rights and economic, social and cultural rights.
The government says the high electricity tariff is a temporary measure to cushion losses faced by the Ceylon Electricity Board (CEB).Addressing media heads today during a meeting with President Mahinda Rajapaksa, Power and Energy Minister Pavithra Wanniarachi said that concessions will be given to public from January once the Sampur coal power project and the Norochcholai coal power project as well as new Thermal power projects adds more electricity to the national grid. She said that the Norochcholai coal power plant is expected to add more electricity to the national grid in October.The Minister also said that the Sampur coal power plant will get off the ground in July and by January next year the government will be in a position to pass the concessions to the public. Coal and thermal power is cheaper than hydro power. (Colombo Gazette) She said that a policy decision taken by the government in 1993 not to go for a coal power project and instead purchase electricity from the private sector had resulted in today’s power crises. Last year the Ceylon Electricity Board faced a Rs. 61 billion loss, Minister Wanniarachi said at today’s meeting with the media heads.
The Supreme Court (SC) today granted leave to proceed in relation to a petition filed against the police Financial Crimes and Investigations Division (FCID).The petition was filed by some opposition politicians and individuals.
Later Ali was a notable absentee at the 19th Grand National Convention of the SLMC held on Saturday, March 19 at Palamunai, Ampara with the participation of the President and the Prime Minister.Ali was unhappy with his powers being clipped by the party leadership despite being the General Secretary. The Sri Lanka Muslim Congress (SLMC) is expected to meet this week in an attempt to resolve a crisis in the party.SLMC General Secretary Hasen Ali said that a meeting is likely to take place this week during which his powers will be fully restored. However Hakeem saw the move as an attempt to ignite a coup against him and replace him as the party leader. Ali however says another meeting is scheduled to be held this week and he expects the situation to be resolved in the best interest of the party. (Colombo Gazette) He said he did not attend the convention as his powers had been reduced and he could not take some decisions on behalf of the party.He said that just three days before the convention a meeting was called and Hakeem assured that all the powers earlier in the hands of the party General Secretary will be restored.However by last weekend those powers were not restored and as a result Ali did not find it fitting to attend the convention in Ampara. Differences of opinion arose in the party recently after a letter was sent to party leader Rauff Hakeem urging him to change the party constitution. The letter was sent by some members of the SLMC High Command, the main decision making body of the SLMC.
“As a co-sponsor of the resolution, Sri Lanka promised to establish mechanisms to deliver justice, truth, reparation and guarantees of non-recurrence, in line with the recommendations of the report of the Office of the High Commissioner for Human Rights Investigation on Sri Lanka (OISL). There has been progress, but much more must be done,” AI said. AI says public consultations, the bedrock on which Sri Lanka’s transitional justice process must be built, are underway. Amnesty International, in a written statement to the 33rd session of the UN Human Rights Council which begins this week, says slow progress in delivering on many aspects of the ambitious agenda of the government coupled with lack of transparency has led some victims and human rights defenders to express frustration.The human rights group says most crimes under international law allegedly committed before, during, and after Sri Lanka’s protracted armed conflict between government forces and the LTTE, which ended in 2009, remain uninvestigated and unpunished. “Many fear their right to truth might be compromised because Sri Lanka’s newly enacted Right to Information Act would not apply to confidential information received by the Office. The OMP must not agree to confidentiality regarding any information that would deny families the truth about the whereabouts or fate of their loved ones or obstruct their access to justice,” AI said.AI also says the shortcomings of the OMP law drafting process provide important lessons for the government as it develops other mechanisms. (Colombo Gazette) However, AI noted that implementation has been undermined by lack of government resources, including to publicise the process nationally to all affected communities and provide effective protection mechanisms so that victims and their families can participate in safety and confidence.AI also notes, to be effective, the office on Missing Persons must provide families with the truth about what happened to their loved ones.
India’s Union Minister of State Shipping Pon Radhakrishnan said the Indian Centre would secure the release of 115 boats of Tamil Nadu fishermen, The Hindu newspaper reported.Addressing mediapersons in Rameswaram after inspecting the newly laid Danushkodi road, he said the ministerial-level meeting between India and Sri Lanka, scheduled for January 2, 2017, would discuss the contentious issue and secure the release of the boats. Mr. Radhakrishnan said pilgrims who visit the island had been facing problem in reaching the holy place ever since Danushkodi was destroyed in the 1964 cyclonic storm.When the newly laid road was about to be inaugurated, high tidal waves hit the edges of the road on some stretch and caused breaches. On the outcome of the recent fishermen and ministerial-level talks in New Delhi, Mr. Radhakrishnan, who was part of the Indian delegation, said it was a good beginning and the first step towards finding a sustainable solution. Radhakrishnan was confident that the Joint Working Group (JWG) on fisheries would protect the interest of Tamil Nadu fishermen when they venture into the sea. For the first time in all these years, it had been decided that officials from the two countries would meet once in three months and Ministers once in six months to address the issues, he said. The National Highways Authority of India has been asked to repair the damaged part after which the road would be thrown open for traffic, he said.On the proposed bridge between Danushkodi and Talaimannar, he said, “We are ready and once the Sri Lankan government agrees to the project, the dream of Bharati will come true”, he said referring to the revolutionary poet’s song “we will build a bridge to Sinhalese island”. The Minister called on APJM Maraikayar, brother of late President APJ Abdul Kalam. (Colombo Gazette)
Namal Rajapaksa says the Government must now accept the challenge from the joint opposition and hold the LG election. He says former President Mahinda Rajapaksa and the joint opposition had accepted the challenge from the Government and showed the support they have during the May Day rally yesterday. The joint opposition today challenged the Government to hold the Local Government (LG) elections soon.Joint opposition Parliamentarian Namal Rajapaksa said that if the Sri Lanka Freedom Party and the United National Party feel they had the most number of participants at the May Day rally then they have nothing to fear in holding the LG election. “If you are not scared then please hold the election,” he said.He said at the election the public will decide if they will further accept the broken promises of the Government. (Colombo Gazette)
“Our ships are being dispatched with relief material,” Modi said.Reports said the flooding is believed to be the worst since May 2003 when a similar flooding killed 250 people, and destroyed 10,000 homes. Rescue agencies said thousands of people had been forced to leave their homes in wake of the deluge, prompting authorities to launch massive rescue operations. Indian Prime Minister Narendra Modi Saturday condoled on the loss of lives and property in neighbouring Sri Lanka due to floods and landslides, officials said, according to the Xinhua news agency.“India condoles the loss of lives and property in Sri Lanka due to flooding and landslides. We stand with our Sri Lankan brothers and sisters in their hour of need,” an official statement quoting Modi as having said. Flooding and mudslides triggered by monsoon rains in Sri Lanka killed at least 100 people, besides leaving 99 others missing.