Canadians Buying More Liquor, Especially Foreign-Made Beer
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Canadians are buying more alcohol, including wine and beer, though less and less of the beer is being sold by domestic producers such as Molson Inc.
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Growing consumer spending levels in China have helped boost sales at two of the world's leading drinks groups.
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Appetite for foreign foods and beverages is among the reasons the nation is expected to pay as much for imported products in 2005 as it earns by selling products abroad.
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A recent series of acquisitions of Canadian corporations has prompted a growing public debate over foreign control.
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The nationâs largest brewer said an increase in international sales helped push its profit up 11 percent in the third quarter.
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SABMiller increases its presence in China's beer market by agreeing to buy four brewers in the country for $79m.
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VANCOUVER, British Columbia -- Local businessman Francesco Aquilini bought half of the Vancouver Canucks from American John McCaw.
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VANCOUVER (CP) - Ottawa will not speed the creation of a national pharmacare program to deal with the growing flood of Americans who come to Canada to buy up supplies of cheaper prescription drugs.
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OTTAWA (CP) - Although oil prices, the loonie and interest rates are all headed higher, Canadian consumers are keeping their chins up, says the Bank of Canada.
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TORONTO -- Beer, a health food? Maybe not quite, but a brewski could have some health benefits, according to Canadian researchers.
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OTTAWA (CP) - Seizures of Canadian-made marijuana by U.S. authorities have increased 259 per cent since 2001 but still constitute only about two per cent of all such seizures at U.S. borders, says a joint assessment.
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WASHINGTON (CP) - In a nod to the reality that Canada can&#39;t begin to provide all the cheaper prescription drugs Americans want, Illinois is adding European suppliers.
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As more and more Americans buy their drugs from Canadian pharmacies, authorities in Canada are becoming so concerned about domestic supplies that a top official said the Canadian government may halt shipments to the US if the trade continues to grow.
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Absolut, the worlds second largest brand of vodka, is up for sale by the Swedish government.
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TRANS-Tasman beer and wine group Lion Nathan is selling its Chinese beer business to the second largest brewer in China for $US154 million ($219 million).
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Canadian pharmacies must stop exporting huge amounts of prescription drugs to the United States and elsewhere or Canada will face domestic shortages, a coalition of groups representing pharmacies, patients, and seniors has warned.
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Even as the Canadian dollar reached parity with the U.S. dollar, prices for many goods remain higher than they are south of the border.