Premier Wynne to visit South Bayview Friday
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Telling Visa to take its business elsewhere
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| Larry Rossy |
It’s a problem every retailer would love to have. Larry Rossy, the CEO of Dollarama, just can’t figure out how it would help his business at all to start accepting Visa and MasterCard. Nope. He’s tried to slice it different ways but he still can’t see why he should give up Dollarama’s cash and Interac only policy. He’s studied it and listened to the “credit card people” as he calls them. They can convince you of almost anything, he says. But no. Dollarama now dodges those nasty 2 and 3% Visa fees on fancy “black” credit cards, and on all the rest. He makes his money with a decent markup on cheap goods and by keeping overhead down. Rossy says he is especially concerned about Visa or MC cannibalizing that efficient Interac business. Maybe he would do a percentage or two more business by accepting credit cards only to find he was doing a percent or two less with Interac. When you figure in the card fees, that’s a net loss You have to love the man’s choices. Walking away never felt so good, we’re guessing.
Fire spreading across New Jersey boardwalk area
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Firefighters are said to be having a hard time controlling a large fire on the Seaside Park boardwalk. The fire was reported around 2:30 p.m. Thursday in the 1800 block of the boardwalk.
Ottawa transit home to 9/11 conspiracy placards
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Rogers reaches across ocean for new phone CEO
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Heat clearing storm raged around South Bayview
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South Bayview and all of Toronto escaped fairly easily last night as the weather-changing storms swept across Ontario. Damage was much worse to the southwest and north where by 6 a.m. as many as 13,000 customers were without power. But here at home, the overnight rain was so insignificant most outlets haven’t bothered to mention it. This picture of a whopper of a lightning bolt was taken by Mark Robinson who tweeted it from his southwestern Ontario base.Storm causes evening blackout west of Bayview
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Rainfall forecasts vary, some fear flooding tonight
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Rainfall predictions are varying wildly Wednesday as to what the evening and Thursday will bring. Environment Canada has issued a severe thunderstorm watch for the GTA and much of southern Ontario with warnings of as much as 50 to 80 millimetres of rain within one to two hours. The Weather Channel, which may be more focused on Toronto, is predicting more like 15 mm between now and Thursday morning. Be prepared. Here is the text of the Environment Canada watch: Severe thunderstorms possible tonight. This is an alert to the potential development of severe thunderstorms with large hail, damaging winds or heavy rainfall. Monitor weather




