Monday, March 15, 2010

Business

Probe raises questions about driver’s description of runaway Prius

SAN DIEGO — A memo drafted for a congressional panel says that investigators with Toyota Motor Corp. and the federal government were unable to make a Prius speed out of control as its owner said it did on a California freeway, casting doubt on the driver’s story.

AbitibiBowater and union reach tentative deal for Quebec workers

MONTREAL — Newsprint maker AbitibiBowater Inc. has reached a tentative labour deal affecting some 4,000 workers in Quebec.
The Communications, Energy and Paperworkers Union of Canada says the deal brings the company closer to emerging from bankruptcy protection.

Budget to pump $400 million into AECL, other help for businesses

OTTAWA — The Harper government is unveiling what is expected to be its last free-spending budget Thursday, with money for infrastructure, businesses and a new lifeline to the atomic energy industry.

Consumer finances improve, but bankruptcies still up 26 per cent for year

TORONTO — A third straight monthly decline in the number of Canadians who filed for bankruptcy indicates an economic recovery could be taking hold, but seasonal patterns and changes in insolvency rules make it unclear whether the trend will continue.

University education a scandal of epic proportions

Huge amounts of money are spent each year on university education; unfortunately, this is a scandal of epic proportions.
Several decades ago, university classes generally were small, with university professors directly involved in teaching and marking students’ papers.

Rosy job numbers send loonie soaring

OTTAWA—The loonie jumped to its highest level since mid-2008 today following news the Canadian economy created thousands of full-time jobs last month—helping push the unemployment rate down.

Positive trade, housing data suggest economic recovery taking hold

TORONTO — There are more signs that the Canadian economy is getting healthier and stronger, with housing and trade data adding to recent reports that suggest a recovery is indeed taking hold.
Statistics Canada reported Thursday that the country posted a trade surplus with the world of $799 million in January, compared with a surplus of $75 million in December.

17th case of mad cow disease delays Canada’s movement into better risk status

EDMONTON — The president of Canada Beef Export Federation says the country’s 17th case of mad cow disease has not affected markets.
The beef cow was born in 2004 in Alberta, and the fatal degenerative brain disease was confirmed on Feb. 25, the Canadian Food Inspection Agency reported on its website.

Protesters clash with police in Athens demonstration during Greek general strike

ATHENS — Savage street clashes erupted between rioting youths and police in central Athens Thursday as more than 30,000 people demonstrated during a nationwide strike against the cash-strapped government’s austerity measures.

Province won’t move to balance budget quickly

TORONTO—Ontario government programs will not be cut indiscriminately when the Liberal government lays out a plan in this month’s budget to eliminate the record $24.7-billion deficit, Lt. Gov. David Onley said yesterday as he read the speech from the throne.

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