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AbitibiBowater and union reach tentative deal for Quebec workers
Monday, 8 March 2010 - 8:23am 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
Thursday, 4 March 2010 - 8:38amOTTAWA — 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
Thursday, 4 March 2010 - 8:17amTORONTO — 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.
Province won’t move to balance budget quickly
Tuesday, 9 March 2010 - 2:08pmTORONTO—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.
GM Canada dealerships refused option
Tuesday, 9 March 2010 - 2:04pm TORONTO—General Motors dealerships slated for closure in Canada will not be given the same option to remain open that their U.S. counterparts have been offered.
GM Canada spokesman Tony LaRocca said yesterday the decision to reinstate 661 dealerships south of the border has no bearing on the 240 Canadian dealerships that have been closed or are in the process of closing.
Canadian Booksellers Association appeals to stop Amazon’s bid to build Cdn roots
Tuesday, 9 March 2010 - 8:31amTORONTO — The Canadian Booksellers Association is asking the federal government to reject a bid by U.S. book e-tailer Amazon to establish roots in Canada.
Loss of 7 million workers manageable, if government, firms act: TD Bank
Tuesday, 9 March 2010 - 8:15am OTTAWA — A new report on aging suggests the demographic crunch facing Canada is manageable, but only if government and business start making appropriate adjustments.
The TD Bank study is the latest of a string of recent reports to warn about the adverse impact on Canada and its economy as a result of the coming wave of retirements by baby boomers.
Wheat board celebrates with gala to mark 50 years of exports to China
Tuesday, 9 March 2010 - 8:12am OTTAWA — If the Canadian Wheat Board tallied up all the wheat it has ever shipped to China it would fill enough rail cars to stretch all the way from Ottawa to Beijing and back, with another 3,000 kilometres of rail cars left over.
The Winnipeg-based grain agency is celebrating 50 years of exports to China, which it says helped to kick off full diplomatic relations with Canada.
More plan to buy new home
Monday, 8 March 2010 - 2:10pm TORONTO—A new study by the Royal Bank suggests more Canadians are very likely to buy a new home in the next two years.
Ten percent of the 2,047 people surveyed for the 17th-annual RBC home ownership study said they plan to buy a home by 2012—up from seven percent two years ago.
Budget vows to slash deficit
Friday, 5 March 2010 - 1:51pmBut few details
on where the
axe will fall
OTTAWA—Hard decisions on wrestling a monstrous deficit have been punted one year down the road by a Conservative budget that promises dramatic future cuts but leaves the punishing ground game for later.
