Documents show more companies, performers owed money by Just for Laughs

Documents show more companies, performers owed money by Just for Laughs

MONTREAL – Documents made public by an insolvency trustee show Montreal comedy festival Just for Laughs and affiliated companies owe millions of dollars in unpaid debts beyond what was included in a court filing last week. Groupe Juste pour rire inc., the parent company of the festival and several other comedy-related businesses, announced earlier this month that it is insolvent and seeking creditor protection. Documents released this week by insolvency trustee PwC, formerly known as PricewaterhouseCoopers, show an additional $5 million in unpaid debts owed by the festival and other affiliated businesses. Documents made public by an insolvency trustee show […]

Dynacare workers provide essential services that must be maintained during strike, labour board rules

The Manitoba Labour Board has ruled Dynacare workers are essential employees and their services must be maintained during a labour dispute.

Health minister warns $1.2 billion in annual federal funding set to expire in March

Manitoba’s health minister is warning of possible cuts to health care with $1.2 billion in annual funding from Ottawa set to expire next year.

“We’re very concerned that what would be the largest cut to health care in a generation is right in front of us,” Health Minister Uzoma Asagwara said Thursday at the Manitoba legislature. “It means that services that Manitobans depend on will be in jeopardy and be at risk.

“Any reductions, any cuts from Canada, will have direct impacts on the health outcomes of Manitobans.”

Asagwara, who serves as the provincial and territorial health minister lead, chaired a virtual meeting Tuesday with provincial and territorial health ministers to discuss federal funding for health care, mental health care and substance use services, which is scheduled to expire March 31, 2027.

International flavour: Canadian investors may want to make like Ottawa, diversify beyond U.S.

Canada is learning the hard way about the dangers of putting too many eggs in its U.S. economic basket.

Much has been made about the need to diversify our economy away from the United States.

Diversification is understandably beneficial. The more varied streams of revenue a nation has, the less affected the economy will be when one of those sources is interrupted.

The same can be said about investment portfolios.

A day on the campaign trail: Winnipeg's mayor, seeking a second term, does double duty

In the weeks leading up to the civic election, Scott Gillingham has been performing a juggling act: he’s running to be Winnipeg’s 45th mayor, while still serving as its 44th.

“If someone asks me about the campaign, I’m going to answer them. But I think for most people, I’m the mayor of Winnipeg, even if I’m showing up as a candidate,” Gillingham, 58, says. “I try to do all I can to maintain that distinction.”

The Free Press joined Gillingham on a recent rainy September Saturday on the campaign trail, where he served in both roles during an event-laden day. City council’s final meeting before the Oct. 28 election was days earlier.

In Winnipeg, it’s rare for an incumbent to be defeated. But Gillingham knows his win in 2022 wasn’t exactly a landslide — he won with 27.5 per cent of the vote — and he’s been thinking about his second term ever since.

Broadening prediction-market gambling a bad idea

Let’s make a prediction: sooner or later, when Canadian governments find a way to take their own cut of the action, prediction-contract gambling on everything from sports to entertainment to political decisions is going to come to Canada.

And that’s a horrible, dangerous, pernicious idea.

Unless you have particular access to information — either inside information or strategic information based on skills or education — you’re not likely to make money at it. In fact, structurally, you’re likely to lose. In prediction markets, you basically pay an amount, plus fees from the company involved, to bet on whether something will or will not happen within a certain time frame. The amount you pay for your contract depends on how other people are also betting.

As Wealthsimple describes it, “You buy whichever side you think is right. Prices move with demand, so if the market leans towards one outcome, the more that side costs. If a lot of people are backing the TSX to finish above 38,000, yes gets more expensive and no gets cheaper.”