Nouveau Wines Arrive Thursday

first_imgOn Thursday, Nov. 20, wine lovers will be toasting the firstwines bottled from the Northern Hemisphere’s 2003 grape harvest.As per tradition, Beaujolais Nouveau arrives in select NovaScotia Liquor Corporation (NSLC) outlets on the third Thursday ofNovember. NSLC features Beaujolais Nouveau from French producers BouchardAine, Georges Duboeuf, Noemie Vernaux, Joseph Drouhin, Chateau deCorton-Andre and Reine Pedauque, Nouveau from the Cotes Du Rhoneregion from Jean Jean and Italian Vino Novello from Zonin. This year is expected to be an exceptional one for French wineproducers who began picking their grapes on Aug. 25. Grapes havenot been picked so early since 1893 — making the 2003 vintageone for the history books. The 2003 Beaujolais is expected to beparticularly intense and complex with plenty of red fruit likeraspberry, strawberry and red currant. Nouveau-style wines are designed with early drinking in mind,often reaching maturity by the Christmas holidays. The wines arelively and aromatic and differ from others because of the methodof fermentation. Great care is taken not to damage the fruitduring the picking stage so that fermentation can be encouragedwithin the skin. The production process takes only about 48hours, instead of 10 to 12 days, and creates a wine with a fullberry hue and a velvety, fresh fruit flavour. Unlike other red wines, Beaujolais Nouveau should be servedchilled at 10 to 13 C. The celebration of Beaujolais Nouveau has taken on greatproportions in recent years. Producers have used many tactics toentice consumers to purchase the first wine of the year, fromracing cases of wines to the nearest market to the now famouslabels featuring original art. Beaujolais Nouveau presents the wine buying public a preview ofthe vintage year and can be a measure of the quality of awinemaker’s spring release.last_img read more

New rules for condo managers and directors in Ontario taking effect this

TORONTO — New protections for condo owners and rules for managers and directors in Ontario are taking effect this fall.Government and Consumer Services Minister Tracy MacCharles says more than one in 10 people in the province live in a condo and more than half of the new homes under construction are condos.Starting this fall, new rules will make it easier for condo owners to participate in owners’ meetings and will make it easier for them to access records of their condo corporation.Toronto, Vancouver home sales slow, but don’t expect prices to followCollapsing home prices may pressure Ottawa to hold off tighteningDirectors will have to disclose whether they are owners or occupiers of units in the building or if they have interests in contracts involving the corporation, which MacCharles says will improve governance and address conflicts of interest.Directors will also have to undergo training and there will be mandatory education requirements for condo managers applying for a general licence.Two new administrative bodies will launch this fall — the Condominium Authority of Ontario will provide education about condo owner rights and responsibilities and will manage the tribunal that resolves disputes about access to records, and the Condominium Management Regulatory Authority of Ontario will regulate and licence condo managers.The Canadian Press read more

Clearwater Seafoods Q4 pushes 2012 sales to record high adjusted earnings up

HALIFAX – Clearwater Seafoods Inc. (TSX:CLR) says it had the highest revenues in its history in 2012 and predicts that market dynamics will continue in its favour as global demand outstrips the available supply of seafood.The Halifax-based company’s year ended with $93 million of sales in the fourth quarter, bringing the 12-month total to $350.4 million.That’s up from $87.1 million of sales in the year-earlier quarter and $332.8 million for the full 2011 financial year.Clearwater’s fourth-quarter net income was down but its adjusted earnings were up, after excluding a number of routine and unusual items.Net income fell to $10.5 million or 17 cents per basic share in the quarter ended Dec. 31, or 15 cents per share on a diluted basis.A year earlier, Clearwater had $16.4 million of fourth-quarter net income, which amounted to 28 cents per share of basic earnings or 23 cents per diluted share.Meanwhile, the Halifax-based company reported $18.8 million of adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) in the fourth quarter, up from $16.1 million a year earlier.For the full year, Clearwater’s adjusted EBITDA was $72.2 million, up from $61.2 million a year earlier.“In 2012, the company had the highest revenues and adjusted EBITDA in its history. Management is pleased with the progress made towards our financial targets for creating shareholder value and expects that earnings and free cash flow momentum will continue through 2013,” said Ian Smith, Clearwater’s chief executive officer. AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email by The Canadian Press Posted Mar 11, 2013 9:37 am MDT Clearwater Seafoods Q4 pushes 2012 sales to record high; adjusted earnings up read more