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Beer byproducts into bread – Business News




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When Jeff Dornan opened a brewery six years ago, he knew the brewing process would produce hundreds of pounds of spent grain, and he had a plan for it.

Rather than pay to dump it in a landfill, he partnered with a farmer to haul it away and feed it to his animals.

Not every craft brewer can access farmers in need of feed, so an industry has formed around spent grain with entrepreneurs turning it into cookies, breads and even dog treats.

"Everyone's trying to think of creative ways to minimize their carbon footprint," said Dornan, who is also chairman of Ontario Craft Brewers, a trade association representing more than 80 members.

During the brewing process, the grain is separated from sugars, starches and other minerals, leaving behind spent grain, which accounts for about 85 per cent of all brewing byproducts.

For a 2,200-liter batch at Dornan's All or Nothing Brewery in Oshawa, Ont., He uses about 400 pounds of grain, producing an equal amount of grain.

"It would be quite expensive to send to a landfill and it's something we never want to do," he said.

The amount of grain produced has increased sharply as craft beers explode in popularity. In 2018, Canada boasted 995 breweries – up nearly 22 per cent from last year – which produced about 2.17 billion liters of suds.

Some of these breweries turn to entrepreneurs looking to turn grain into treats for people and their pets.

Marc Wandler seized on the opportunity to turn waste into a profitable product while studying business. He knew brewers needed the help of disposing of spent grain and believed consumers could be sold on the byproduct's benefits, which include high amounts of fiber and protein.

He co-founded Vancouver-based Susgrainable in 2018 and started selling baked goods made with spent grain flour that it mills.

It sells a staple line of banana bread and cookies, as well as seasonal products. Baked goods start at $ 2.50 and sell for up to $ 5.

Starting in one Vancouver coffee shop, the company expanded to a local grocery store and farmers' market circuit before partnering with Fresh Prep, a meal-kit delivery service that offers Susgrainable cookies as an additional purchase.

The three-person team recently hired a baker to create more recipes for their spent grain flour, which they started selling earlier this month for $ 9 a bag. They plan to sell more sizes in the future and hope flour will become their primary product. They 'll continue selling baked goods as a way to introduce consumers to the benefits and flavors of spent grain.

"There's a lot of people who want to bake their own things with it," said Wandler.

The company is looking to secure financing to open a manufacturing facility where it can dehydrate spent grain and flour mill, he said.

Companies in other parts of the country are also finding uses for spent grain. Barb Rideout co-founded Two Spent Grains with her friend in Simcoe, Ont., In 2015 after traveling through the U.S. with her husband and visiting craft breweries that made spent-grain bread and other baked goods. Rideout started baking spent-grain bread at home before realizing the ingredient could be a business opportunity.

Her friend and co-founder owns The Blue Elephant Craft Brew House, which provides the byproduct for their dog treats, Brew'ed Biscuits. A 170-gram bag of spent grain treats retails for $ 9.25.

Now, when the company needs more grain than The Blue Elephant can provide, she finds any brewery they are happy to give it to them free of charge.

The duo toured more than a dozen dog shows last year to promote the product and recently signed a distribution agreement with a wholesale baked goods provider, she said, adding the product is sold in nearly 30 locations.

The entrepreneurs are now testing their biscuits on other animals, including rabbits, hamsters, pigs and horses. It's also testing a cookie for human consumption.

"We would like to be as big as we can," said Rideout, adding the company's future remains fluid as the industry spends grain grows.

"Our plan kind of changes as we grow into this and we see the needs and the niches."


Aug 17, 2019 / 3:29 am | Story:
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President Donald Trump is warning of an economic crash if he loses reelection, arguing that even voters who dislike him should base their ballots on the nation's strong growth and low unemployment rate.

But privately, Trump is growing increasingly worried the economy won't look so good on Election Day.

The financial markets signaled the possibility of a U.S. recession this week, sending a jolt of anxiety to investors, companies and consumers. That is on top of Trump's concerns about imposing punishing tariffs on Chinese goods and word from the United Kingdom and Germany that their economies are shrinking.

Although a pre-election recession is far from certain, a downturn would be a devastating blow to the president, who has made his economy a central argument for a second term. Trump advisers fear a weakening economy would hurt moderate Republicans and independent voters who have been willing to pass on some of his incendiary policies and rhetoric. And White House economic advisers see few options for reversing course should the economy begin to slip.

Trump has taken to blaming others for fears of recession, most notably the Federal Reserve, which he is pushing for further interest rate cuts. Yet much of the uncertainty in the markets stems from its own escalation of a trade war with China, as well as weakening economies in key countries around the world.

Some of Trump's closest advisers have urged him to lower the temperature of the trade dispute, fearing that further tariffs would only hurt American consumers and rattle the markets further. The president blinked once this week, delaying a set of tariffs in an effort to save Christmas sales.

Aides acknowledge it's unclear what steps the White House could take to stop a downturn. Trump's 2017 tax cut proved so politically unpopular that many Republicans ran away from it during last year's midterms. And a new stimulus spending program could spark intraparty fighting over big deficits.

The hope among administration officials is that a mix of wage gains and consumer spending will power growth through 2020. Yet Trump knows his own survival hinges on voters believing he alone can prolong the economy's decade-plus expansion.

"You have no choice but to vote for me because of your 401 (k), everything is going to be down the tubes," the president said at a Thursday rally in New Hampshire. "Whether you love me or hate me, you've got to vote for me."

Trump has spent much of the week at his New Jersey golf club, many of his mornings on links, his afternoons watching cable television and his even calling on confidants and business executives to get their take on the market's volatility.

Although he has voiced private worries about Wall Street, he is also skeptical about some of the poor economic indicators, wondering if the media and establishment figures are manipulating the data to make him look bad, according to two Republicans close to the White House, not authorized to discuss private conversations.


Aug 16, 2019 / 11:26 am | Story:
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Canada's two biggest airlines are taking different tacks to stow their Boeing 737 Max 8s as the aircraft's drawn-out grounding continues to cause turbulence in the flight industry.

Air Canada says it is mulling banishing its two-dozen Max 8s to the desert, where hot, dry conditions keep the corrosion from rain, snow, sleet and ice at bay.

Most North American desert storage locations in the southern U.S. Dallas-based Southwest Airlines Co. has plunked its 34 Maxes in California's Mojave Desert.

WestJet Airlines Ltd. It says it has no plans to park its 13 Max 8s – which it has scrubbed from its schedule until November – south of the border. The plans are languishing in its Canadian hangars, where they receive regular maintenance checks and have their engines run once a week.

The contingency arrangement adds another wrinkle to airlines' plans to fly off the course by the Max 8 grounding, prompted by two crashes in October and March that killed 346 people, including 18 Canadians.

Air Canada CEO Calin Rovinescu said last month it would feel grounded "acutely" this summer as its passenger capacity declines and costs for less fuel-efficient replacement plans mount.

WestJet chief executive Ed Sims told The Canadian Press in a recent interview the loss of the narrow-body jetliner has had a "significant negative impact" on the airline, forcing the airline to cut its routes and spend ramp up fuel.

Sunwing Airlines Inc., which has four Max 8s, said Thursday's absence – which will continue at least until mid-May 2020 – has forced it to cancel or change flights for passengers "and may have caused them an inconvenience" after the airline contracted third-party carriers.


Aug 16, 2019 / 10:27 am | Story:
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Ottawa has announced $ 1.75 billion in compensation for Canadian dairy farmers to offset a loss of market share resulting from free trade agreements with Europe and countries on the Pacific Rim.

Canada's approximately 11,000 dairy producers, about half of whom are in Quebec, will receive the money over eight years, with $ 345 million to be distributed this year.

The sums will be allocated according to the producers' quotas, with an average farmer with a herd of 80 cows receiving $ 28,000 in the first year.

Agriculture Minister Marie-Claude Bibeau, who made the announcement Friday at a farm in Compton, Que., Promised a similar program when the Canada-United States-Mexico Agreement comes into force.

She said her party has committed to no longer market shares in the dairy sector in future international free trade negotiations.

The Liberal government's March budget earmarked $ 2.15 billion to help farmers lose money because of trade deals with Europe and the Pacific Rim, both of which make it easier for foreign egg, dairy and poultry producers to enter the Canadian market.


Aug 16, 2019 / 8:44 am | Story:
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Canada's main stock index posted a triple-digit advance in late-morning trading at the end of a roller-coaster week for stock markets that has seen investors taken for a wild ride.

The S & P / TSX composite index was up 125.67 points at 16,138.20.

In New York, the Dow Jones industrial average was up 280.49 points at 25,859.88. The S&P 500 index was up 39.13 points at 2,886.73, while the Nasdaq composite was up 126.89 points at 7,893.51.

The Canadian dollar traded for 75.19 US cents, compared to an average of 75.05 US cents on Thursday.

The October crude contract was up 20 cents at US $ 54.62 per barrel and the September natural gas contract was down 5.7 cents at US $ 2.17 per mmBTU.

The December gold contract was down US $ 13.90 at US $ 1,517.30 an ounce and the September copper contract was down 0.55 a cent at US $ 2.59 a pound.


Aug 16, 2019 / 6:33 am | Story:
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CannTrust Holdings Inc. says the Ontario Securities Commission has approved a cease trade order as the cannabis producer works to deal with its regulatory problems with Health Canada.

The order by the securities regulator prohibits directors and chief executive officers of the company from trading in CannTrust securities for up to two full business days after it makes all of its required filings.

The company sought the order earlier this month in anticipation of missing an Aug. 14 deadlines to file an interim financial report for the three and six month periods ended June 30.

CannTrust says the filings will depend, in large measure, on the timing and impact of Health Canada's decisions regarding the company's non-compliance with regulatory requirements.

Health Canada has found problems at both the company's greenhouse in Pelham, Ont., And its manufacturing facility in Vaughan, Ont.

The company says it is working with the regulator to prepare a remediation plan for submission, but it is unable to provide any guidance as to when the problems will be resolved.


Aug 16, 2019 / 6:21 am | Story:
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If the threat of a recession gives you pause when it comes to your personal finances, remember now is the time to prepare, not panic.

Worries about the economy increased this week when a fairly reliable recession warning emerged from the bond market. But without a crystal ball, it remains unclear when a recession might hit. Still, financial experts say people should consider taking certain steps that are beneficial in any economy but would help households greatly in a downturn.

DON'T PANIC

The longstanding advice remains – don't panic and stay the course on your financial plan.

That's sage advice, said Dan Keady, chief financial planning strategist at TIAA, but it also goes against the grain for many people. "It's just hard to do anything," he said. "The best investment strategy is a long-term one. If you buy and sell your investments frequently, you'll be more likely than not to buy and sell based on emotion – panic or excitement."

If you simply cannot sit still, use this pressure as an impetus to check your plan. Are your goals the same? Are your investments allocated where you want them? It makes sense to periodically rebalance your portfolio to ensure your investments do not become too heavily weighted in one segment or another, especially after a long stock market run-up like the one in recent years.

Say, for example, you started with 60% of your nest egg in stocks and 40% in bonds. The stock portion could have easily jumped to 70% thanks to strong gains in the technology sector. Whatever portion of your portfolio is in stock, remember that it can lose 10% or 20% of its value regularly as recessions come and go. That is, the price investors have paid historically for stronger long-term returns of stocks versus bonds.

While it may be difficult, fight the urge to readjust your portfolio solely based on market conditions. People who sold during the last recession, for example, likely suffered a loss and then either missed out on major stock market gains in subsequent years or had to pay the price to jump back in.

If you originally designed your portfolio to match your long-term investment goals and risk tolerance, stay true to it, Keady said. If you don't think you can be objective, ask a professional for help.

Try not to get too tied up in the ups and downs of the stock market too. Even those without money in the market – about half of all U.S. Households – might be tempted to see the market move as a sign of the times even though it can have little impact on their direct financial wealth.

And remember a recession is a natural part of the market cycle, said Lauren Anastasio, a certified financial planner at SoFi.

"The advice is not to panic," Anastasio said. "But that doesn't mean there aren't steps to be prepared for whatever is going to come."

SAVE UP

One of the smartest moves anyone can make is to build an emergency fund. These are a great idea at any time to help with unexpected weather costs, but can become critical in a downturn.

A recession usually comes with job losses, and an emergency fund can be a lifeline for many families. Even those with good job security should take heed as everyone can feel a pinch of income during a recession, as companies can eliminate bonuses, reduce overtime or slow pay increases, Anastasio noted.

Americans, by and large, do not have enough savings to handle financial hurdles.

Experts recommend having enough set aside to cover anywhere from three months to nine months of basic expenses. But nearly four in 10 Americans say they are not sure they will be able to pay an emergency expense of $ 1,000, according to a recent survey by The Associated Press-NORC Center for Public Affairs Research.

So set aside whatever money you can and keep it in an account you can readily access. Even in this low interest rate environment, there are some savings accounts earning near or above 2%.

PAY OFF DEBT

It is important to pay off any high-interest debts, such as credit card balances.

Americans dramatically reduced their debts after the last recession, but those debt levels creeped back up. This can be costly as the average interest rate on a credit card is 17.82%, according to Bankrate. It hit a record at 17.86% last month.

Paying down those debts will not only reduce the amount paid over time, it also frees up the available credit that may be needed in a pinch ahead. That is important as banks tend to tighten lending during recessionary periods, so it can be difficult to get a loan or line of credit.

MAKE GOOD CHOICES

It should go without saying, but be judicious about big financial decisions.

Consider holding off on any major purchases like a car or home remodeling if it's a stretch, Anastasio suggested. If you are going to need cash in the next few years – say for the birth of a child, a sabbatical or a return to school – make sure you are available and not tied to something that may lose value.

"I definitely think it's been long enough (since the last recession) that there are plenty of people who have been comfortable with growth and expansion and have forgotten some of the lessons we learned in the past decade," she said.


Aug 15, 2019 / 2:09 pm | Story:
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A major redevelopment of Vancouver's Oakridge Mall landscapes would see a five-storey civic center, a 22-storey non-market housing building and a nine-acre park.

Henriquez Partners Architects has filed a development application for the 28-acre mall site.

In May, the Development Permit Board approved Henriquez 'development permit for three residential buildings (buildings six, seven and eight), while the application for two other luxury condo buildings (buildings three and four) was approved in October 2018. In all, there there will be about 2,000 market condo units in the overall Oakridge redevelopment.

The city anticipates nine development permits in total.

The civic center, which is part of the most recent application, will include a fitness center, a library, a daycare facility, a 55-plus seniors center, a youth services "hub," performance space, artist-in-residence studios, and associated ancillary cultural and recreational spaces.

The 22-storey tower (building 2) will feature 187 non-market social housing units. Those units are among a total of 290 City of Vancouver-owned, below-market rental housing units the developer is required to include in the redevelopment. A future building – building nine – will feature the balance of units. (The developer is also required to include 290 secured market rental units in the project).

The goal is to rent all 290 social housing units at affordable rates below BC Housing's Housing Income Limits. Key priorities for these units, according to the City of Vancouver, include seniors, families with children and people with disabilities. In Vancouver, to qualify for HILs rates in 2019 (they are updated annually), a household income cannot exceed $ 51,500 for a bachelor or one-bedroom, $ 63,000 for a two-bedroom, $ 73,500 for a three-bedroom and $ 83,500 for a four-bedroom. Rents are based on 30 per cent of household income.


Aug 15, 2019 / 11:36 am | Story:
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Ahead of ICBC's new risk model rollout next month, private insurers are insisting that more competition is needed in the automobile insurance market to drive premiums down to a level comparable to other provinces.

“We're looking at a study after study that shows that not only do British Columbians pay more [than residents of other provinces] but the ICBC monopoly is more expensive for them, ”said Aaron Sutherland, vice-president for the Pacific region at the Insurance Bureau of Canada.

According to an IBC report, which uses the latest available data from the General Insurance Statistical Agency, drivers in B.C. pay the highest auto insurance rates in the country, with an average annual premium of $ 1,680 – about 63 per cent higher than the national average.

These higher prices aren't going unnoticed by B.C. residents. A recent national survey commissioned by Belairdirect found that 34 per cent of B.C. respondents said they were concerned about the price of their car insurance policy – more than in any other region in Canada. And 61 percent of respondents said they strongly agree that they pay too much for their auto insurance, compared to 38 percent for the rest of the country.

"We are addressing the challenges within our current auto insurance system with the biggest reforms in B.C.'s history, which are already being instituted this year," said ICBC spokeswoman Jo-anna Linsangan.

“And starting this September, auto insurance will be much more customized so that lower-risk drivers will pay less than higher-risk drivers. In fact, we anticipate more than 55 percent of our full-coverage customers will be paying less than they do today. ”

ICBC's new risk model would shift the province's basic auto insurance to a driver-based system, tying at-fault crash histories to drivers instead of vehicle owners. Premium reductions would be offered to drivers with less risky behavior patterns, as well as discounts for those vehicles with safety features such as automatic braking systems.

However, the IBC maintains that increased competition from private insurers would be required to turn the tide. A study commissioned by the organization and conducted by consulting firm MNP estimated that the opening up of the B.C. insurance market to increase competition would reduce premiums for about 60 per cent of drivers, with annual savings of up to $ 325.

Private insurers also say the limited amount of competition in the optional insurance space allows the industry to thrive and offer consumers better products.

"In theory, there is competition here in British Columbia – the private sector is allowed to sell optional coverages," said Colin Brown of Stratford Underwriting and ICBC's former chief underwriter.

"But the reality is that even after being in place for well over 30 years, optional coverage is only 10 per cent with the private sector and still 90 per cent with ICBC."


Aug 15, 2019 / 7:54 am | Story:
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In a video taken through the windshield of Dung Le's 15-year-old Toyota Echo, an oncoming car breaks the monotony of a wide, nearly empty street on a quiet August morning in a sprawling residential Edmonton neighborhood.

As it approaches, the car leaves its lane as though turning into a driveway, then straightens and aims head-on at Le's car. There's a crashing noise, the dashcam is jolted upward to focus on the empty blue sky and a man's voice is heard saying, "What happened? What happened?"

Le, who is originally from Vietnam, said footage from his dashcam made it easy when downloaded later to show exactly what had just happened.

"Lucky I had the dashcam camera when the lady went into my lane and hit my car. My car is a total writeoff," the 52-year-old man said in an interview.

"My shoulder and my neck are in pain, sore."

Dashboard cameras, commonly used in police cars and other emergency vehicles, are increasingly being installed in personal vehicles by motorists who want to bring an impartial witness when they hit the road.

Camera sales and installations at AutoTemp's south Calgary vehicle accessories shop are equally split these days between business vehicles and personal cars, said manager Tim Bruce.

"For a category that didn't exist 10 years ago, it's becoming more and more popular," he said.

The units sell for between $ 200 and $ 500, he said. Installation, which involves running wires to the camera for power and fixing it in place, takes two to four hours.

Generally, the most expensive units have the most options, Bruce said, including a second camera for the rear window, higher resolution picture quality, larger storage cards, GPS for estimating speed and Wifi connectivity so the video can be downloaded to a cellphone.

The cameras start operating automatically when the car starts and runs continuously but some are also activated when the engine is off if they detect motion or impact, such as when the car is struck by a vandal or other vehicle, he said.

The memory cards are overwritten as they fill, so the owner has to save a file separately if he or she wants to keep it.

Customers buy cameras for old and new cars, but Bruce said many came after they had been involved in an accident or an insurance dispute where they wished they had dashcam video.

Insurance companies in Canada do not offer premium discounts for dashcams yet, said Pete Karageorgos, director of consumer and industry relations for Ontario for the Insurance Bureau of Canada, but they may reduce their risk of having to pay in the future out a claim.

"Dashcams may, like GPS devices, be a distraction if they're not used properly. So there's something to be aware of and concerned about," he pointed out.

"On the other side of the coin, if someone is involved in a crash or if they witness something, the good thing about having a dashcam video is really an impartial and unbiased witness to the events."

He recalled a case involving a collision on Highway 401 near Toronto where a vehicle stopped and then suddenly backed up and struck a following car. Typically, the driver of the following car would have been assumed to be at fault for what appeared to be a rear-end collision, but the dashcam video proved it was, in fact, a case of attempted fraud.

Le's dashcam footage will make a huge difference in settling insurance and legal issues related to the case, said Edmonton personal injury lawyer Norm Assiff, who represents Le.

Without the video, the other driver could claim Le was at fault, he said. An accident reconstruction after the fact may involve both parties somehow at fault and split liability.

In either case, his client could be on the hook for damages and face potential insurance rate hikes, Assiff said.

"In an injury case that is my expertise, there are always two issues," the lawyer said.

"The first issue is liability, who's at fault? The second issue is the amount of damages, how much the case is worth, and the cause, did the accident cause the injuries?"

From a legal perspective, there is no privacy issue because the highway is considered a public place, he said, adding courts typically consider dashcam video to be admirable as evidence.


Aug 15, 2019 / 7:46 am | Story:
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The Canadian Real Estate Association says home sales in July rose 12.6 per cent compared to the same month last year.

The increase came as sales rose to most of the world's largest markets, including B.C.'s Lower Mainland, Calgary, Edmonton, the Greater Toronto Area and Hamilton-Burlington, Ottawa and Montreal.

On a month-over-month basis, sales were up 3.5 per cent compared to June.

The increase in sales came as the number of newly listed homes edged back by 0.4 per cent in July.

The national sales-to-new listings ratio narrowed to 59.8 per cent last month from 57.6 per cent recorded in June.

The national average price of a home sold in July was just under $ 499,000, up 3.9 per cent from the same month last year.


Aug 15, 2019 / 6:36 am | Story:
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Walmart raised its annual outlook after a strong second quarter for the world's largest retailer thanks in part to strong online grocery deliveries.

Sales at stores opened at 2.8% at least a year, its 20th consecutive quarter in the right direction.

U.S. online sales increased 37%, driven by grocery sales.

Walmart continues to hold sway enough to keep prices low even as its costs rise and it is pushing its online operations aggressively to counter Amazon.com.

The company launched limited free next day delivery in May with an order of at least $ 35 and plans to expand that service nationwide this year.

But an escalating trade war with China is looming. Walmart and other major retailers have been left largely unscathed by the first several rounds of tariffs since they focused more on industrial and agricultural products. That is changing.

Retailers are bracing for a 10% tariff targeting goods like toys, clothing and shoes. Those tariffs, scheduled to take effect in September, have been delayed until December after the Trump administration voiced concerns about the impact on consumers and businesses during the holiday season.

Being forced to raise prices, or eat up additional costs because of new tariffs, is a significant threat to Walmart and everyone else with flashing warnings showing signs of a coming recession.

Walmart said Thursday that it continues to monitor ongoing trade talks over the past few months to manage prices and profit margins.

The big question is whether Walmart's customers will be willing to pay higher prices. Macy's on Wednesday said its customers were balking at paying more after the company hiked prices on some goods to offset a 25% tariff implemented on them.

Macy's shares plunged 13% after cutting its outlook for the year.

Walmart's business appears to be unscathed by the trade wars.

It reported quarterly earnings of $ 3.61 billion, or $ 1.26 per share, after reporting a loss in the same period a year earlier. Per-share earnings, adjusted for non-recurring costs, were $ 1.27. That's a nickel better than Wall Street had expected, according to a survey by Zacks Investment Research. Revenue was $ 130.38 billion.

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