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October 21, 2021

Buying your groceries online could become the norm

Walmart Canada is foraying into a new retail sphere, the world of selling food online.

The discount store quietly added food options to its website, which include items such as canned soups, pancake mix and gluten-free cereals, according to the Globe and Mail. The store typically has free shipping, except in the territories, and it's testing same-day shipping in Toronto. They could even offer fresh and frozen product options in the future, a spokesperson told the newspaper.

Many stores have shifted their businesses towards creating a robust shopping website as consumers have taken to showrooming, which means they check out the item at a brick and mortar store and then research on the Internet, sometimes even while in the store, for the best price.

While Canadians aren't as likely to shop online as other nations with 22 per cent of Canadians having never bought anything online, which is a stark contrast compared to four per cent of residents in China never buying anything online, more and more retailers are realizing that they need to grow their brands on the Internet.

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October 16, 2021

Mexico proposes a 'soda tax' to combat obesity

Mexico is the latest country to propose a higher tax on soft drinks in an attempt to curb high obesity rates which is a growing worldwide problem.

The country's residents are the most obese adults in the world with 32.8 per cent of Mexicans deemed overweight, compared to 31.8 per cent of Americans, according to the UN Food and Agriculture Organisation.

Mexican President Enrique Pena Nieto hopes to raise $950 million for the country thanks to a proposed eight-cent (1 peso) per litre tax on soft drinks. Mexico's residents drink an astonishing 163 litres of soft drinks a year, one of the highest consumption rates in the world.

Overweight and obesity rates have risen around the globe with the likelihood of adults having one of these conditions rising to 34 per cent in 2008 from 24 per cent in 1980. Rates are increasing in every country, even in low-income countries where there's severe malnutrition, says the United Nations FAO.

Obesity isn't good for anyone's health, but it also puts a strain on a household's budget - whether it's through healthcare expenses or increased food costs. Weight increases can lead to type 2 diabetes, heart disease or cancer, as a few of the issues, which lead to a heavier strain on the country's healthcare system.

Countries have attempted to use a "fat tax" to improve the eating habits of residents. It's taking a page out of the book of tobacco control, which research shows that once cigarette prices rose by 50 per cent, smoking rates dropped.

Denmark is believed to be the first country to implement a "fat tax" in October 2011. The tax was added to food with more than 2.3 per cent of saturated fat, which included dairy, meat and processed foods. While the tax meant well, it was cancelled after about a year since it had a harmful effect on businesses and led Danish residents to cross the border to buy their junk food. The tax did manage to raise a revenue of $216 million, according to the New York Times.

In France, there was a backlash over a proposed "Nutella tax," which could have quadrupled the cost of food containing palm oil, such as Nutella. It was voted down.

Samoa Air, an airline company servicing the South Pacific, introduced the first-ever, pay-by-weight policy, which charges for a persons' baggage, along with their weight.

Unfortunately, obesity rates in Canada have climbed to record rates. The Ontario Medical Association has called for junk food taxes on unhealthy foods and cheaper taxes on healthy food option as some of the organization's recommendations.

Organizations continue to debate whether it's more or less expensive to eat healthy. While fruits and vegetables cost less compared to other high fat or high sugary foods, it depends on how you measure the price, according to a study released by the U.S. Department of Agriculture. Foods compared by price per calorie show that high-calorie processed foods are cheaper, while if food is compared by weight or portion size than healthier grain, fruit and vegetable and dairy options are more inexpensive.

Do you think a "fat tax" is a good or bad idea?

Josephine Lim, MSN Money

October 15, 2021

Are roadside "take what you want and pay what you owe" stands doomed?

For some time now, Cropthorne Farm on B.C.’s Lower Mainland has sold eggs on the honour system. They load up a cooler with about eight dozen eggs and put it at the end of their driveway with a sign reading “$5” and a jar filled with some change in to get things rolling.

Whether it's corn or apples, honour boxes like this remain a point of pride and practicality for a number of small farmers across the country who think their time is better spent tending crops than manning a roadside stand -- and who firmly believe that most people are honest.

And it would seem that many are. Despite the hundreds of vehicles that rush by, nobody has ever stolen a single egg, lifted the cash or even shortchanged owner, farm owner Lydia Ryall says.

Unfortunately, that doesn't seem to be the norm.

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October 14, 2021

Mark Zuckerberg buys his neighbours' homes for $30 million

Facebook founder Mark Zuckerberg came up with a unique but pricey way to ensure his privacy: buy out your surrounding neighbours for $30 million.

Thanks to his $19-billion net worth, the Facebook CEO bought four of his neighbours' homes in San Francisco, but it turns out that a mega mansion isn't in the cards. Instead, the 29-year-old will become a landlord and lease the properties to their previous owners, says the San Jose Mercury News.

It turns out that Zuckerberg only started buying the surrounding properties in December 2012, when he heard a developer was hoping to use the Facebook founders status to help sell the property. The last house was sold on October 1, where he paid $14.5 million for a 2,560-square-foot lot or $5,470 per square foot, according to the Silicon Valley Business Journal.

Whether you like it or not, the value of your home is affected by your neighbours. If you have a hoarder as a neighbour with an overgrown yard and tons of clutter, it can hurt your home's sale price by five to 10 per cent, President of the Appraisal Institute told Business Insider. This Toronto-couple built themselves a six-foot fence, but let's face it, their home's value will remain lower if their neighbour's junk stays out in the yard.

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October 10, 2021

Rogers' BlackBerry backlash illustrates 'Buy Canada' mindset

The telecom company announced it would sell the latest BlackBerry after social media furor to news that Rogers wouldn't sell the BlackBerry Z30.

A week ago, the Rogers said it wouldn't offer BlackBerry's flagship phone, but many Canadians were upset that the company wouldn't support another Canadian company. Many users threatened to cancel services with one of the country's largest carriers.

The company has now said that the Z30 can be bought on its website and national reservation system.

Let's be real. BlackBerry is facing a dire situation. It looks like the company's future in smartphones is over with a possible $1 billion write off in unsold touchscreen phones, along with the possible sale and breakup of the company.

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October 09, 2021

Cheap flavoured tobacco is turning out to be a big money maker

An explosion of cheap, flavoured cigars in recent years has delivered a nice boost to cigar sales in North America and may be changing the demographics of cigar smoking.

Despite a four-year-old ban on flavoured cigarettes, more than half of Canadian high school students admit they’ve tried smoking some sort of flavoured tobacco within the past month, according to a new study.

Fruit- and candy-flavoured tobacco packaged in bright colours aimed at children-- flavours available include chocolate, mint, cherry, peach, and strawberry -- makes it easier for youth to become addicted to tobacco, warns Rob Cunningham, a senior policy analyst with the Canadian Cancer Society.

Cheap, flavoured, small cigars are marketed aggressively to young people and have resulted in high school kids being twice as likely as their older counterparts to pick up the habit, according to some estimates.

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October 01, 2021

One quarter of Yelp reviews are fake

If you regularly visit Yelp.ca to help you decide whether you should eat at a restaurant, you might want to do more research before visiting. The customer review website says that a quarter of its online reviews could be fake, according to the BBC.

The company commented after a Harvard business school study stated that 20 per cent of online reviews on Yelp were fake. The company has an automatic filter for fake reviews, but that doesn't mean it catches all of them.

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How much would you spend to have a child?

How much would you spend for the chance to have a child?

Fertility treatments are an often expensive gamble but one that a growing number of would-be parents are willing to take -- in some cases, spending as much on family building as most people drop on a cruise or a car.

A single course of in vitro fertilization costs $4,500 to $8,000, plus $2,000 to $7,000 for required medication, the Financial Post reports. Donor sperm costs $3,000 to $4,500 for six inseminations.

A portion of the fees may be covered by medical insurance at work or provincial health care plans but, for the most part, you're on your own.

One Toronto couple recently spent $13,500 for one cycle of IVF, including drug costs; but the treatment  wasn't successful and they decided not to repeat it. Happily, after shelling out for six intrauterine insemination treatments at a total cost of $2,400, they're now pregnant.

Many others, of course, aren't so fortunate. For them, the struggle to have children can lead to strained relationships, depression, anxiety and very real financial hardship.

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September 23, 2021

Do you care if the companies you buy from are socially responsible?

Do consumers care if the companies they buy products and services from are socially responsible? Very definitely, according to various surveys from Neilson. And those in the developing world seem to care just that much more

Consumers in Asia Pacific (55%), the Middle East and Africa (53%) and Latin America (49%) are more willing to pay extra for products and services from socially-responsible companies than consumers in North America (35%) and Europe (32%).

The research shows that, more than ever, consumers expect more from the businesses where they shop. And their motives for buying such products are primarily altruistic, with most reporting that they view their purchases as a way to help improve society or reduce environmental damage.

Sixty-three percent of these "socially-conscious consumers" are under age 40, and regularly consult social media about making purchase decisions and their priority causes are environment, education and hunger.

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September 20, 2021

How much is that goat in the window? Try $3.6 million

A businessman in Saudi Arabia fetched a nice payday thanks to his goat. A herder bought the goat for a hefty 13 million Riyals ($3.6 million US), according to a local newspaper.

While experts have said that the goat had unique features and was a rare breed, the amount of dough put out for it is a still mind boggling. Why buy a goat when you can buy a nice mansion? Unless whoever made the purchase already has that.

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Gordon PowersGordon Powers

A long-time fund company executive, Gordon Powers now heads up the Affinity Group, a financial services consulting firm. Gordon was a personal finance columnist for the Globe & Mail for many years, has taught retirement planning...