Take Stock – September 30

Tourism spending in Canada fell 0.8 per cent in the second quarter, its fourth straight decline.

Tourism spending continues slide in Q2: Statscan

Tourism spending in Canada fell 0.8 per cent in the second quarter, its fourth straight decline.

Statistics Canada says two factors figured in the slip — the cancellation of Canadian flights to Mexico after the outbreak of the H1N1 influenza virus and the implementation June 1 of more stringent document requirements at the U.S. border. The agency reports spending by international visitors to Canada fell 1.6 per cent in the second quarter, the sixth straight quarterly decrease and the 15th decline in 18 quarters.

Canadians’ spending on tourism in Canada fell 0.6 per cent in real terms in the second quarter after more modest declines in the previous three quarters.

ASC warns investors of ‘recovery room’ scheme

The Alberta Securities Commission says investors in of York-Rio Resources Inc. and TLC Explorations Inc. should be wary of “recovery room” scams. The ASC warning follows alerts from British Columbia and Manitoba securities regulators. Under the scheme, investors are promised that a company will buy their worthless or low-value shares at an inflated prices, but only if the investors first pay a fee. The unscrupulous companies pocket the fee but do not buy back the shares. Manitoba and B.C. authorities allege that an organization called Penn Capital Management Ltd. has contacted investors in York-Rio to repurchase their shares at an inflated price for a fee. On Sept. 25, the Saskatchewan Financial Services Commission issued temporary cease trade orders to The Castleton Group, Beltway M&A, Joshua Stevens, Patrick Thompson, Vick Newman, Daniel Greco and Jim Young for allegedly contacting TLC Explorations Inc. investors with the same kind of offer. The ASC is asking anyone who has received such an offer to contact them at 1-877-355-4488.

Just Posted

Sasktachewan pup, who has extensive burns, makes her way to Red Deer

Donations accepted for Phoenix who has third degree burns on her body

Man dead in ATV collision in central Alberta

The Rocky Mountain House RCMP are investigating a quad rollover collision that… Continue reading

One airlifted to hospital after avalanche on glacier in Yoho National Park

LAKE LOUISE, Alta. — Parks Canada says it has responded to an… Continue reading

Hundreds of Canadian troops deployed to flood zones in Quebec and N.B.

MONTREAL — Quebec Premier Francois Legault will visit flood-damaged regions north of… Continue reading

WATCH: An ‘Eggstemely Fun Easter’ at Bower Place in Red Deer

Bower Place mall made sure Red Deer families were able to have… Continue reading

New Brunswick premier urges caution as floodwaters continue to rise

FREDERICTON — Rising floodwaters have forced the closure of at least 25… Continue reading

Witnesses still struggling one year after deadly Yonge Street van attack

TORONTO — The survivor guilt settled in moments after he saw all… Continue reading

‘Shocking violation’: Parish prepares to re-bury remains after grave plundered

ST. JOHN’S, N.L. — Largely untended for decades, the toppled and faded… Continue reading

President attends Easter service following slew of tweets

PALM BEACH, Fla. — President Donald Trump is using Easter morning to… Continue reading

Easter Sunday blasts kill at least 207 in Sri Lanka

COLOMBO, Sri Lanka — At least 207 people were killed and hundreds… Continue reading

Soldiers deploying to flood-prone areas as water levels rise in New Brunswick

FREDERICTON — About 120 Canadian soldiers will soon be deployed in western… Continue reading

Soldiers deploy across Quebec after flood-caused sinkhole claims woman’s life

MONTREAL — Canadian Armed Forces are deploying in three regions across Quebec,… Continue reading

Most Read