This Week in Business

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Think you will get a better deal online Black Friday? Careful! CBC Marketplace exposes how you can get ripped off shopping online. Watch their expose Friday at www.cbc.ca/marketplace. We'd recommend that you keep it local, shop in Brooks and the Region of Newell and avoid redlining altogether!

Notley and Pipelines: Rachel Notley goes to bat for the TransMountian Pipeline this week. The National Energy Board has refused Alberta’s request for a speedier hearing on allegations the City of Burnaby is holding the entire thing up by refusing to issue the necessary permits, so Notley is going on a cross-country speaking tour to drum up support.

Keystone: The Nebraska Public Service Commission votes Monday on whether to lift the restrictions on the Keystone XL Pipeline. We are waiting with baited breath.

The Government of Alberta has released its long-awaited Pot Policy. Former Minister of Justice and Attorney General Jonathan Denis provides us with the "high-lights"
- private stores, with no maximum number of stores;
- online sales through the government;
- run through AGLC;
- no colocation with liquor stores;
- anyone who works in a pot store will require a criminal record check.
The Brooks Chamber would love your thoughts on this. Comment below or reach out to us at membership@brookschamber.ab.ca.
Read the full text here: https://www.alberta.ca/cannabis-framework.aspx

Price Fixing: George Weston Inc., owners of brands like Loblaws, the Real Canadian Superstore and Shoppers Drug Mart are releasing earnings this week in the midst of a price-fixing investigation by the Competition Bureau. In other news, Loblaws Inc. is betting against the petroleum industry by announcing they will be early purchasers of Tesla’s new all-electric Semi Trucks. WalMart is said to be eyeing the semis as well.

In International News: Proctor and Gamble Inc is facing a shakeup after a rogue shareholder was elected to its Board of Directors. Shares of General Electric are at a six year low after the release of its turnaround plan that seeks to unload 20 billion worth of assets and the Government of Venezuela has defaulted on some international Bonds.

Posted on:
Monday, November 20, 2017