Canadian couple likely the only business owners on Australia's Norfolk Island to face US tariffs
The Canadian couple, both aged 41, own a business that makes plastic-free hair accessories under the brand Kooshoo. Vancouver-born Schiller said he and his Norfolk Island-born wife are likely the only business owners on the island that will pay elevated tariffs — and they will pay at the rates imposed on Japan and India, where the goods are manufactured. Around 80% of Kooshoo's business is with the United States.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Upturn
29 minutes ago
- Business Upturn
Liquid I.V. Debuts Innovative New Sugar-Free Hydration Multiplier in Canada
TORONTO, Aug. 14, 2025 (GLOBE NEWSWIRE) — Today, Liquid I.V., the number one selling powdered hydration brand in Canada1 announced the expansion of their product portfolio with the launch of the new Sugar-Free Hydration Multiplier. Available in the delicious and refreshing White Peach flavour, this launch marks Liquid I.V.'s most significant innovation in the market to date and is the brand's first sugar-free offering for Canadians. 'Sugar-free marks a bold step forward for Liquid I.V., cementing our place not only as leaders but innovators of hydration solutions,' said Anusha Babbar, Senior Vice President of International, Unilever Wellbeing. 'Canadians have shown great love to Liquid I.V. these past two years in market, so we're thrilled to be expanding our Canadian offering in the wellness category to meet their demands for a sugar-free option.' Liquid I.V. entered Canada in 2023, marking its first expansion beyond the U.S., and quickly established itself as a leading provider of powdered hydration. Yet, fans of the electrolyte beverage have been vocal about the need for a sugar-free option to meet their lifestyle needs. Today, Liquid I.V. responds to the demand with a first-of-its-kind formula that is scientifically formulated to restore electrolyte imbalances that occur through performance, heat, travel and adventure, without the sugar. 'Sugar is often used as a key ingredient in electrolyte beverages for hydration support. We clinically tested countless sugar-free formulations to ensure that we weren't just ticking a box, but creating a formula backed by science that truly supported functional hydration,' said Lori Lauersen, Senior Vice President R&D, Unilever Wellbeing. 'What we developed was an amino acid blend available in our Sugar-Free Hydration Multiplier, all delivered within a delightful peach flavoured beverage.' Liquid I.V. Sugar-Free White Peach Hydration Multiplier delivers smart 0 sugar hydration that supports consumers in maintaining their wellness goals. It contains: 0g sugar 6 essential vitamins and minerals Blend of amino acids No artificial flavours or colours 100% + daily value of essential B vitamins (B3, B5, B12) To enjoy, simply pour one easy-to-open packet into 500ml of water, mix or shake, and hydrate. Its convenient single-serve, travel-friendly packets are easy to enjoy on the go. Liquid I.V. Sugar-Free White Peach is currently available at Costco Canada and will be available on later this month. About Liquid I.V.® Liquid I.V.® is a wellness company based in Los Angeles, CA. We believe hydration is the bedrock of wellness so our products are designed to deliver hydration and additional benefits with delicious flavour. The product line features great-tasting, non-GMO electrolyte drink mixes for enhanced hydration. As a purpose-driven brand, giving back is at the core of Liquid I.V.'s DNA, to date we've donated over 71 million servings to people in need around the globe. Liquid I.V.® contributes over 1% of brand revenue to our Impact Program focused on Clean Water Access & Hydration Aid. Liquid I.V.® provides grants to organizations that expand clean water access. We are committed to our goal of donating 150 million Liquid I.V.® sticks over the next 10 years. Liquid I.V. is available in-store at Costco, Walmart, and other national retailers, and online on To learn more, visit and follow @liquidivcanada on Instagram, TikTok and Facebook. For more information, please contact:Amanda FederchukKetchum, on behalf of Liquid I.V. [email protected] 416-505-0517
Business Wire
3 hours ago
- Business Wire
Accord Announces Second Quarter Financial Results
TORONTO--(BUSINESS WIRE)--Accord Financial Corp. (TSX – ACD) today released its financial results for the quarter ended June 30, 2025. The financial figures presented in this release are reported in Canadian dollars and have been prepared in accordance with International Financial Reporting Standards. The Company's President and CEO, Mr. Simon Hitzig, commented: 'Following successful initiatives in 2024 to streamline the business and reduce leverage, we recorded modest portfolio growth over the first half of 2025. However, the Company's balance sheet, with its primary and other debt obligations maturing in the near term, is an obstacle to realizing potential growth opportunities. Throughout the first half, working closely with our financial advisors, the Company has continued to focus on strategic initiatives to repay its outstanding debt and further simplify the business.' On July 25, 2025, the Company announced a short-term extension of the Credit Facility, followed by a second extension on August 8, 2025, extending the maturity date to August 15, 2025. The Company expects to execute an amendment to the Credit Facility which will extend the maturity date to December 15, 2025 and amend other terms. 'The anticipated extension provides time for the Company to continue to actively pursue a broad range of strategic initiatives, including potential divestitures of portfolio assets or business units as well as other financing alternatives, to address its maturing debt obligations (with $217.6 million as at June 30, 2025 due by January 31, 2026) and maximize shareholder value. The Company continues to work with its financial advisors to support its pursuit of strategic initiatives and debt repayment or refinancing, but there is no assurance that such initiatives will yield a successful result,' said Mr. Hitzig. 'While we focus on these initiatives, profitable operating performance and growth will continue to be a challenge.' The Company does not plan to provide updates on the status of its strategic initiatives until material developments emerge. Accord's finance receivables and loans ('funds employed') closed at $398 million on June 30, 2025, up 9.0% from $366 million at the start of the year, but down from $431 million on June 30, 2024 (impacted by the sale of the AEF portfolio). Despite modest portfolio growth over the first half, average funds employed during the quarter slipped to $395 million compared to $428 million in the second quarter of 2024. Reflecting the year-over-year decline in average funds employed, and lower average yields, second quarter revenue was $16.2 million compared to $20.0 million in the same period last year. Along with the year-over-year decline in revenue, the Company has reduced overhead, with second quarter general and administrative expenses coming in at $6.7 million versus $8.2 million in the same period last year. For the second quarter in a row, the Company earned a pre-provision operating profit, however, the $1.9 million provision for credit losses pushed the Company to a second quarter net loss attributable to shareholders of $876,000, an improvement from the $1.3 million loss in the first quarter. The loss of 10 cents per common share caused book value per share to slip to $9.19. Within the second quarter provision, actual net write-offs of $1.0 million represented an improvement over the same period last year ($2.3 million) and the first quarter of this year ($1.1 million). The provision also includes a $848,000 non-cash increase in the allowance for expected credit losses. Commenting further, Mr. Hitzig noted, 'Our excellent management team remains focused on successful execution of strategic initiatives to strengthen the business, but challenges remain over the balance of 2025.' About Accord Financial Corp. Accord Financial is one of North America's most dynamic commercial finance companies providing fast, versatile financing solutions including asset-based lending, factoring, inventory finance, equipment finance (in Canada), trade finance and film/media finance. By leveraging our unique combination of deep experience and independent thinking, we craft winning financial solutions for small and medium-sized businesses, simply delivered, so our clients can thrive. Note: Non-IFRS measures The Company's financial statements have been prepared in accordance with IFRS. The Company uses a number of other financial measures to monitor its performance and believes that these measures may be useful to investors in evaluating the Company's operating performance and financial position. These measures may not have standardized meanings or computations as prescribed by IFRS that would ensure consistency between companies using these measures and are, therefore, considered to be non-IFRS measures. The non-IFRS measures presented in this press release are as follows: 1) Adjusted net earnings, adjusted net loss and adjusted EPS/LPS. The Company derives these measures from amounts presented in its IFRS prepared financial statements. Adjusted net earnings (loss) comprise shareholders' net earnings before net single account loss (in 2023 and 2024), professional fees related to bank negotiations (2024 and 2025), stock-based compensation, business acquisition expenses (primarily amortization of intangible assets) and restructuring expenses. Adjusted EPS (basic and diluted) is adjusted net earnings (loss) divided by the weighted average number of common shares outstanding (basic and diluted) in the period. Management believes adjusted net earnings is a more appropriate measure of operating performance as it excludes items which do not relate to ongoing operating activities. The following table provides a reconciliation of the Company's net earnings to adjusted net earnings: Expand 2) Book value per share – book value is shareholders' equity and is the same as the net asset value (calculated as total assets minus total liabilities) of the Company less non-controlling interests. Book value per share is the book value or shareholders' equity divided by the number of common shares outstanding as of a particular date. 3) Funds employed are the Company's finance receivables and loans, an IFRS measure. Average funds employed are the average finance receivables and loans calculated over a particular period. Expand Forward-Looking Statements This news release contains certain "forward-looking statements" and certain "forward-looking information" as defined under applicable Canadian securities laws. Forward-looking statements can generally be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans" or similar terminology. Forward-looking statements in this news release include, but are not limited to, statements, management's beliefs, expectations or intentions regarding the financial position of the Company and the ability of the Company to repay or refinance its outstanding debt obligations. Forward-looking statements are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements are subject to various risks and uncertainties including the Company's overall liquidity and capital resource position and its ability to repay its debt obligations when due and those risks are identified in the Accord's periodic filings with Canadian securities regulators. If any or all of the Company's outstanding debt obligations are not renewed or replaced upon expiration of their terms, and if the Company is unsuccessful in its ability to generate additional capital from sales of portfolio assets and/or business units and additional alternative financing arrangements to repay same on terms acceptable to the Company, or at all, the Company may not be able to continue to finance its operations and operate as a going concern. See Accord's most recent annual information form and most recent management's discussion and analysis of results of operations and financial condition for a detailed discussion of the risk factors affecting Accord. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.
New York Post
3 hours ago
- New York Post
Craven and dishonest: Behind the Toronto bid to censor an Oct. 7 documentary
The folks in charge of the Toronto International Film Festival now claim they were never going to prevent the screening of a documentary that tells the truth about Hamas' horrific Oct. 7, 2023, terror attacks — but the disclaimers are so hedged (and dishonest) that you still can't be sure the show will go on. First and foremost is the absurd excuse that TIFF's lawyers supposedly thought the filmmaker needed 'legal clearance' to use clips of the savagery as filmed and livestreamed by the terrorists on their GoPros. That is, permission from Hamas to use footage of the terrorists mauling women and slaughtering innocents. Nonsense: Several other movies have already used such footage; one of them, 'We Will Dance Again,' won an Emmy in June! Rather, this was obviously a wormy way to get out of showing Canadian director Barry Avrich's 'The Road Between Us: The Ultimate Rescue,' which shows how retired Israeli Gen. Noam Tibon rescued his family and other survivors of the Oct. 7 attacks. Because the truth might make viewers more sympathetic to Israel. Of course the TIFF folks carefully didn't complain about that, though they did say the risk of protests against the movie might also make it impossible to show. (We've also heard suggestions that festival staff were threatening to walk off the job if the documentary wasn't scrubbed.) Sorry: Admitting you'll censor in the face of such threats makes a mockery of TIFF's vow that 'we will defend artistic excellence and artistic freedom.' And falling back on spurious worries about terrorists' intellectual-property rights is still blatantly knuckling under to the hecklers' veto. Cameron Bailey, the TIFF CEO, denies 'censorship' was ever in play, claims he's 'committed' to showing the film and has his legal team 'considering all options available' to somehow show it after all. We understand not wanting to admit that Israel-haters are running the show at your festival, but Bailey's careful hedging shows that he's not even certain he can defy the antisemites' wishes.
