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$4.4B hostile bid for Primaris shopping mall REIT
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The leader of the ambitious takeover is KingSett Capital which doesn’t have a very high public profile. But its got money and it has formed a consortium of Ontario and Qeubec interests to try to scoop up the Primaris Reit. Primaris is owner of among many other malls, the Eglinton Square Shopping Centre at Victoria Park Ave. and Eglinton Ave. E. The very high -profile RioCan Inc, owners of at least two properties in Leaside, has also agreed as part of any successful bid to buy up some of the assetts, unnamed at this stage separate from the consortium holdings. RioCan owns Sunnybrook Plaza and the RioCan Leaside Centre at Eglinton Ave E and Laird Drive. CBCTory, NDP members slang it out in Commons
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They’re saying in some news reports that the kerfuffle in the Commons between Conservatives and NDP members was just short of fisticuffs. Well, maybe. But it seemed tamer than that. It began when CP house leader Peter Van Loan took issue with a motion from his NDP counterpart Nathan Cullen calling for the House Speaker Andrew Scheer to revoke the report stage of the marathon omnibus budget vote taken Tuesday. Cullen argued that the end of the vote should be deemed “illegitimate” because Finance Minister Jim Flaherty wasn’t in his seat at the time. Van Loan didn’t like that and walked over to Cullen. The mikes were off but it’s said Van Loan’s language was unparliamentary and he may also have used his finger, well you know. The picture shows all the parties, including the cooler heads who arrived to put an end to it. Just like the old Fuddle Duddle days. Mayor Ford can stay in office until appeal is heard
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Stuff A Bin at Tremblett’s Dec 23 and 24
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All food collected will be donated to the local foodbank and the toys will be distributed by local firefighters. It is a very good cause and is sponsored by well known and reliable members of the community — Tremblett’s, Realtor Patrick Rocca, and All-Canadian Storage on Millwood Road. The dates are December 23 and 24. Mark it down and make a gift of food or toys.
CPR to lengthen freight trains, says Harrison
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The musings of Hunter Harrison, the new president of Canadian Pacific Railway may be of more than passing interest to residents of Rosedale and Moore Park. They own the homes that sit on either side of the busy CP thoroughfare in central Toronto. Mr. Harrison was showing off his decisive command today in New York as the company announced it will cut 4,500 jobs by 2016. In a remark which may be of interest to South Bayviewites, Mr. Harrison also said CP will seek more efficient use of its trains. CP will be increasing its train length and efficiency, in order to haul more with fewer trains. It’s hard to imagine that trains could get much longer. Globe and Mail.
Undercover cops don’t have to warn teens
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Holdup at Midtown Digital, 1391 Yonge St.
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The Midtown Digital computer store at 1391 Yonge Street south of Pleasant Blvd. was robbed Monday by four men at least one of whom was armed with a handgun. The 56 year old owner says the men entered about 3.30 p.m., showed a weapon and demanded to know where the computers were kept. The victim complied. The suspects removed a quantity of computers and fled the scene towards Pleasant Blvd. No injuries were sustained by the victim. Midtown Digital specializes in Apple products and is an authorized service store and Apple re-seller.
Bank of Canada rate remains at 1%
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Yonge subway “Rockets” looking like Lemons
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Flaherty says housing market is under control
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Finance Minister Jim Flaherty says we’ve got the housing market under control and he’s not worried about a collapse. The reason, he says, is that he has helped cool the market with a round of stricter mortgage rules. The finance minister says he is also encouraged that taxpayers are paying down their mortgages and credit cards, and taking on less debt. A soft landing in housing is better than a boom followed by a bust. Overall, the country’s economy advanced slightly by 0.6 per cent, about half the expected growth predicted by the Bank of Canada.
HS teachers to boycott extracurricular activities
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Teachers will be leaving right on time says the OSSTF. Toronto Sun




