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Canadian Tire Corp. has reached a long-term agreement on contracts with the franchise dealers who operate its 490 Canadian Tire stores across the country
Author of the article:
The Canadian Press
Publishing date:
Apr 18, 2013 • April 18, 2013 • 1 minute read •
Join the conversation Reynard Li/BloombergTORONTO — Canadian Tire Corp.
has reached a long-term agreement on contracts with the franchise dealers who operate its 490 Canadian Tire stores across the country.
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The Toronto-based retailer of general merchandise, clothing and sporting goods as well as financial services and automotive products and services says terms of the new contract were approved by the associated dealers at a meeting on Wednesday.
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Individual dealers will now sign contracts with the corporation based on the new terms, with implementation expected to begin later this year and continue into 2014. The contracts run through the end of 2024.
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Specific details of the agreement with the Canadian Tire Dealers’ Association were not disclosed, but Canadian Tire said they “reflect the future of retail, the importance of digital channels and technology and reaffirm the strong relationship and expertise of both the corporation and dealers.”
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“Canadian Tire’s dealers are community leaders and the strongest group of entrepreneurs that I have ever worked with,” corporation president and CEO Stephen Wetmore said in announcing the agreement.
“I will put our franchise model up against the best retailers in the world every day of the week.”
Canadian Tire employs more than 85,000 people at over 1,700 retail and gasoline outlets from coast to coast, including its almost 500 locally run Canadian Tire stores as well as Mark’s and various corporate and franchised banners under FGL sports, including Sport Chek, Hockey Experts, Sports Experts, National Sports, Intersport and Atmosphere.
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One of the main arguments before moving to Canada is high salaries and high wages.
Moreover, even if you do not have a highly skilled job, you will still receive a fixed minimum wage depending on the province.
In this detailed article, based on data from PayScale and Statistics Canada, we have collected for you the average salary in Canada for the most popular jobs and destinations.
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The Canadian minimum wage varies from province to province, ranging from $11.32 to $15.2 in Alberta. Below is a table with the current minimum wage by province and territory:
Moving on to the average salaries in the country. For your convenience, we have divided various professions into categories and industries to make it easier for you to find your working specialty.
Important correction: the salaries listed are averages, so keep in mind the error of +/- $5000 on an annualized basis.
The salary value is based on more than 20000 data items. Industry average salary is $50,849per year ($4,237 per month). Below is the average salary in Canada for specific jobs:
The average art industry salary in Canada in 2022 was $38,196 per year ($3,183 per month) and was calculated based on 1,731 salaries.
Job Salaries:
Childcare and education workers will need to obtain the required licenses or degrees. The average salary in this industry is $52,820 per year ($4,402 per month). Below are job openings in this area and the average salary in Canada:
in the field of construction and tech. services are quite high and average $55,104 per year ($4,592 per month).
Below, in more detail on vacancies:
According to the official Canadian portal JobBank, the average salary for an engineer is about $80,000 per year ($6,667 per month). Below, there will be average values for vacancies: 
Let's go through the majors:
Catering is one of the lowest paid businesses in Canada. Even qualified chefs don't earn very much, let alone the wait staff. The average salary for food service employees is $32,657 per year ($2,721 per month). Let's go through the vacancies:
To work in the health and social sector.
services, you will have to pay a big price for education. Here you can read more about what it takes to become a doctor in Canada, and here how to become a nurse (brother). Salaries in the industry are quite high, but also vary greatly depending on the working specialty. The median salary is $66,178 per year ($5,515 per month), but here's how it pans out for specific jobs.
Hospitality salaries are not very high at $32,175 per year ($2.
681 per month):
high average salary by Canadian standards - $81,673 per year ($6,806 per month). Here's a breakdown by job:
A law degree is one of the most expensive in Canada, but it pays off fairly quickly if you can get a job.
The median salary is $80,470 per year ($6,706 per month) and even entry-level positions pay fairly well:
Typically, service jobs in Canada pay the minimum wage (or slightly more), so the average salary is only $36,789 per year ($3,066 per month). But even here there is career growth and a spread in salaries:
Workers in these areas primarily earn through bonus commissions (read more about the sales profession in Canada), but the salary is less is also quite good and averages $57,716 per year ($4,810 per month).
In terms of professions, salaries are as follows:
91 per year, ($6,493 per month)
By analogy with the service sector, professions from the delivery and production sectors are paid quite low. In 2022, the average salary in Canada was $32,316 per year ($2,693 per month). Details by profession:
9000 9000 9000 9000 9000 9000 9000 9000
Jobs in transport services are considered one of the most popular among immigrant men, especially truckers. Due to the scarcity, many transport companies even offer immigration options if you have the appropriate driving category and experience.
The average salary in Canada is $43,755 per year ($3,646 per month). Read more:
Depending on the Canadian province, your income may vary. The provinces with the highest salaries in Canada are northern, because few people go there to live on a permanent basis, and for the most part they go to work because of bad climatic conditions. The lowest salaries are observed in the provinces of Quebec and Prince Edward Island. Here is a detailed breakdown by Canadian provinces and territories:
C. year ($3,575 per month) Planning to look for a job in Canada? Our site has partnered with a local company that provides various services related to job search in Canada, such as:
The right job search strategy in Canada will save you a lot of time, nerves and money. You can leave an application here.
If you are serious about moving to Canada, you can fill out an Immigration Opportunity Assessment Form and if your profile meets the criteria, you will be contacted by a certified immigration consultant.
Read on the topic: Working in Canada: salaries, best professions and how to get a job
Canadian businessman Mark Sheinberg made a billion-dollar fortune by selling his "family business" - the world's largest online poker site PokerStars, which he created with his father in 2001
Canadian businessman Mark Sheinberg (Photo: Bloomberg)
In the summer of 2014, the son of PokerStars founder Mark Sheinberg sold the family company for almost $4 billion, overnight "turning into one of the youngest billionaires on the planet," wrote Bloomberg.
This decision drew a line under the 13-year history of the joint business of the father and son of the Scheinbergs.
Mark Sheinberg was born in 1973 in Israel to a family of emigrants from the USSR. His father Isai still leads a closed life: there are only a few photographs of him and not a single interview. It is only known that he was born in the Lithuanian SSR, in the 1960s he studied at the Faculty of Mechanics and Mathematics of Moscow State University, and after graduation he moved to Israel, where he served in the army for several years. Nothing is known about the mother of the younger Sheinberg.
After graduating from military service, Isai began to work "in his specialty" - he became an employee of the Israeli branch of IBM. At 19In 86, when his son Mark was already 13 years old, Isai received an invitation to work in the Canadian office of the corporation, and the Sheinberg family moved to the town of Richmond Hill near Toronto. In the early 1990s, Isai was already an IBM representative in a consortium to develop Unicode, a universal character encoding standard for displaying written languages.
www.adv.rbc.ru
Mark was not very impressed with his father's professional success. Enrolling at the prestigious Fanshawe College of Technology, he himself dropped out a year later and traveled. A completely different passion of his father forced him to take up computer technology again - Isai was an avid poker player and, at the peak of the "dot-com era", got excited about the idea of creating an online casino. Mark became the co-creator of the concept and managing director of the Rational Entertainment Enterprises company created for this.
www.adv.rbc.ru
Online poker by the numbers
$4.1 billion According to the consulting firm h3 Gambling Capital, online poker players spent in 2013
estimated market size of $90.6 billion 90.6 billion of online poker by the end of 2017
$1.13 billion was the revenue of the Oldford Group (the holding company that unites the PokerStars and Full Tilt poker sites through the Sheinberg-founded Rational Group) in 2013 (16% more than in 2012 -m)
by 33% , to $ 416.
4 million , Oldford Group has increased in 2013 compared to the previous year
$ 568 million - OldFord Group Revision of 2014 in the first half of 2014
$218 million Oldford Group net income for the first half of 2014
Source: Oldford Group, h3 Gambling Capital
New era
PokerStars, operated by Rational, launched on September 11, 2001, the same day that the planes hijacked by terrorists destroyed the towers of the World Trade Center in New York. Coincidentally, nearly a decade later, one of the 9/11 heroes will win $1 million on a poker show hosted by PokerStars in association with Fox. The winner was former New York police officer Mike Kosovsky, who was among the first to come to the aid of people at the World Trade Center.
At the start, the PokerStars website attracted players with its user-friendly interface and its convenience, in just three months Scheinberg allowed users to risk not conditional, but real money.
Due to the high margins of the business, already in the summer of 2002, his company organized the World Championship of Online Poker (WCOOP) - an Internet analogue of the leading poker championship World Series of Poker (WSOP).
The subsequent collaboration with the WSOP led to the creation of a qualifying competition on the PokerStars platform, the winners of which would qualify for the main event. In May 2003, Chris Moneymaker, a provocative Tennessee accountant who had previously only played at PokerStars, became the first ever WSOP winner to qualify online. This event gave rise to the so-called "Moneymaker effect" - a surge of interest in poker tournaments that occurred in the mid-2000s.
The Sheinbergs not only "caught the wave", but partly shaped the fashion for poker. Over the next few years, Rational was involved in organizing tournaments on cruise ships, in the largest casinos around the world (in particular, in Monte Carlo and Lisbon). And already at the beginning of 2006, the PokerStars project was estimated at more than $ 2 billion: London's The Times reported that the owners of Rational hired NM Rothschild to sell or IPO the business at exactly that price.
Rational's other business is active advertising and brand awareness. The “faces” of PokerStars have become a whole “pool” of well-known athletes who are fond of poker and collaborate with the platform. Among them are tennis players Rafael Nadal and Boris Becker, football players Gianluigi Buffon and Ronaldo, two-time winner of the Golden Ball.
Poker as a business
According to the consulting firm h3 Gambling Capital, the global online poker market in 2013 was worth $4.1 billion (the amount spent by online poker players). By the end of 2017, the market volume will exceed $6 billion , h3 Gambling predicts. The growth driver should be the US market, which is still mostly legally closed to online poker. So far, online poker is legal only in the states of Nevada, New Jersey and Delaware. But Morgan Stanley analysts suggest that by 2020 the number of such states will increase to 20, and then the online poker industry in the United States will bring $5.
2 billion per year.
PokerStars earns mainly on rake (rake) - a fee for playing poker, which the organizer takes from each played pot. The revenue of Oldford Group Limited, the holding company that combines the PokerStars and Full Tilt poker sites through the Sheinberg-founded Rational Group, in 2013 amounted to 90,010 $1.13 billion 90,012 (an increase of 16% over the previous year), follows from the group's financials, published by its new owner of Amaya Gaming last fall. Net profit in 2013 increased by 33% to $416.4 million .
For the first half of 2014, Oldford Group's revenue was $568 million and net profit was $218 million .
PokerStars expects to earn on the growth of the audience, says Oldford. In 2012, PokerStars launched the first real money mobile app. The company expects gambling and gaming products on the Full Tilt platform acquired in 2012 to be a significant source of new revenue for it.
Legal trouble
Rational was originally registered in Costa Rica, but in 2005 the Scheinbergs decided to move their headquarters to the Isle of Man. This step was explained both by preparations for a possible entry into the London Stock Exchange and by the zero corporate tax rate in this territory.
Another reason is the attack of the American authorities on online gambling. In October 2006, the Unlawful Internet Casinos Act (UIGEA) came into force, prohibiting the owners of online sites from accepting “transactions in the form of bets” from users. At first, legal loopholes allowed PokerStars to continue operating in the United States. But in 2009New York Attorney Preet Bharara became interested in PokerStars. Based on the testimony of the former head of the electronic payment operator Intabill, he accused the management of PokerStars and two other major online sites of money laundering and violating the UIGEA. In April 2011, their sites were blocked in the United States.
PokerStars was eventually temporarily unblocked to allow players to pay back, but Full Tilt Poker (another banned site) was not exempted. A year later, the owners of PokerStars entered into a deal with the US Department of Justice, under which they paid the authorities $547 million and another $184 million to Full Tilt customers whose accounts were frozen during the investigation. In return, PokerStars received all of Full Tilt's assets. Nevertheless, the criminal charges against Scheinberg Sr. have not yet been dropped, the way to America has been ordered for him.
How the USA fought gambling online
The first full-fledged law against illegal casinos was passed in the USA in 1961. At the beginning of that year, a Democratic administration came to power, and the new Justice Department, Robert Kennedy, proposed replacing the relevant criminal statute with a more modern law that would take into account the development of telecommunications.
For this reason, the new act was called the "Wire Act" (Federal Wire Act).
In 2002, several gamblers who lost significant amounts filed a joint lawsuit against their credit card operators, Visa and MasterCard. They allegedly "did not interfere with the use of their cards in the casino", encouraging players. The judge rejected the complaint, and after the appeal court confirmed that the Wire Act applies only to bets related to sports and sweepstakes.
Nevertheless, the Ministry of Justice continued to assert that the law applies to the entire online gambling market, and two years later forced Google and Yahoo! remove advertisements of such sites from their sites. A year later, in November 2005, a group of Republican congressmen introduced the UIGEA act, referring, in particular, to the problems that banks and credit card operators face because of Internet gambling.
The new law expanded the concept of betting as “risking something of value as a result of a competition or game of chance.
” The status of poker is still a matter of controversy, and many online casino operators considered it a game of strategy, not “luck”, and therefore refused to leave the American market until the scandalous lawsuit against PokerStars and others in 2011.
The vagueness of the UIGEA wording has allowed online casinos to revive locally in the United States over the past two years. The "locomotives" are the traditional centers of gambling - the states of Nevada (Las Vegas) and New Jersey (Atlantic City). An inter-regional "ecosystem" of these states and the state of Delaware is currently in the process of being created to introduce uniform rules for online casinos.
A clean slate
At the risk of remaining in the US market after the UIGEA went into effect in 2006, PokerStars took over from PartyPoker the title of the world's largest online poker site. Despite further legal proceedings, due to which PokerStars was forced to leave the United States, the Sheinberg company still retains this title: as of the evening of February 26, 186,000 users simultaneously played on the site (of which about 26,000 were for real money).
. human). Other poker sites are far behind in terms of overall audience.
Since Rational made a deal with the investigation, the UIGEA has been relaxed in Delaware, Nevada and New Jersey. However, PokerStars and the Scheinbergs themselves still live with the "black mark" from the United States. For example, in 2013, New Jersey authorities extended the site's licensing ban for another two years. Under these conditions, the Scheinbergs began looking for an investor already entrenched in the American market.
This buyer was the Canadian Amaya Gaming, which agreed to buy Rational in its entirety for $4.9billion in cash. The deal helped Amaya become the world's largest publicly traded gambling company. After the announcement of the purchase of its shares on the Toronto Stock Exchange, the price doubled in a day, the trading volume reached 10 million shares - 20 times more than the average before.
After closing the deal in August 2014, the Scheinberg family went out of business entirely.
