(MENAFN) Canadian Centre Venture, the E-Commerce Services firm, posted a loss of around USD1 million in 2014, mainly because of the firm's faulty participation in two downtown hotel properties, CBC reported.
The development agency, which is located in Winnipeg's downtown, witnessed another gloomy result through its sale of properties that the firm holds in its wide-staked inventory.
The firm's revenue witnessed losses are attributable to the buying of the St. Regis Hotel and its postponement in developing the former site of the Carlton Inn. The company now is in hopes for improvements in 2015.
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