Business

Why Canada's Banks Don't Need Help

Erik Heinrich TIME 11/13/2008
Why Canada's Banks Don't Need Help

In the midst of the worst financial crisis since the Great Depression, Canada has joined the ranks of governments that in recent weeks stepped up to help banks cope with more fallout from bad U.S. subprime mortgages. In Canada's case, however, the...

'Temporary' deficit looms

Robert Benzie TheStar.com 10/20/2008
'Temporary' deficit looms

Ontario will protect social services, infrastructure to help weather economic storm, McGuinty says


Precision Drilling Agrees to Buy Grey Wolf for About $2 Billion

Jim Polson, Zachary Mider Bloomberg.com 08/25/2008
Precision Drilling Agrees to Buy Grey Wolf for About $2 Billion

Aug. 25 (Bloomberg) -- Precision Drilling Trust, Canada's largest oilfield-services provider, agreed to buy Grey Wolf Inc. for about $2 billion to add drilling in the U.S. market.

Greyhound scraps ads after Canada bus beheading

TORONTO (AP) — Greyhound has scrapped an ad campaign that extolled the relaxing upside of bus travel after one of its passengers was accused of beheading and cannibalizing another traveler. The ad's tag line was "There's a reason you've never hear...


Canadian academics get behind carbon tax

In a last-minute blitz, the B.C. government is doing a hard sell on the carbon tax. On Friday, senior academics made the case for the controversial tax, which comes into effect next Tuesday and will add more than two cents to a litre of gasoline.

Coffers growing for gaming industry

Marc Saltzman Toronto Star 06/27/2008
Virtual axemen will be able to rock out to the tunes of Aerosmith when Guitar Hero: Aerosmith is released Monday.

They don't call it the fastest-growing entertainment medium for nothing. PricewaterhouseCoopers is forecasting the global video game industry to grow another $27 billion (all figures U.S.) by 2012.


Google names Bell Canada exec as its new CFO

Eric Auchard Reuters 06/25/2008
A Google sign is seen at its headquarters in Mountain View, California May 22, 2008. Google on Wednesday named Patrick Pichette, president of operations at Bell Canada, as its new chief financial officer, replacing CFO George Reyes after a nearly year-long search

Google Inc on Wednesday named Patrick Pichette, president of operations at Bell Canada, as its new chief financial officer, replacing CFO George Reyes after a nearly year-long search.

Visionary Italian architect Dr. David Fisher today announced the launch of the revolutionary Dynamic Tower

Visionary Italian architect Dr. David Fisher today announced the launch of the revolutionary Dynamic Tower, the world's first building in motion, to be constructed in Dubai and Moscow with other locations planned worldwide


Canada Liberals face battle over Green Shift name

Patricia Launt Reaters 06/24/2008
theglobeandmail.com

Canada's Liberal Party is facing a possible lawsuit for launching its new carbon-tax plan under the banner Green Shift, the same name as a Toronto-based environmental consulting company.

B.C. employers worry more about losing talent

Brian Morton Canada.com 06/23/2008
Labour shortages have been a constant theme for employers in Canada for a number of years, especially in the booming technology sector

Western Canadian employers are more that twice as concerned as their counterparts in the rest of Canada about talented employees leaving for another country, according to a survey by an international employment agency.


www.eimed.ca

Canada's 10-year government bond rose, pushing the yield to the lowest in almost two weeks, amid speculation that a slowing economy will prevent central bankers from raising borrowing costs this year.

Airlines entice with summer seat sales

BRENT JANG TheGlobeandmail.com 06/05/2008
Airlines entice with summer seat sales

Seat sales have resurfaced at Canada's two major airlines, but travel experts are cautioning consumers against expecting a return to an era of cheap flights this summer.


Ottawa wants to help GM build new car in Oshawa

James Cowan with files from Canwest News Service and Reuters National Post 06/04/2008
Ottawa wants to help GM build new car in Oshawa

As hundreds of angry autoworkers protested the closure of General Motors of Canada Ltd.'s Oshawa, Ont., truck plant Wednesday, the federal government said it is interested in subsidizing the production of a new car at the facility.

GM to halt production at Oshawa truck plant

General Motors said Tuesday it will halt production at its pickup truck plant in Oshawa, Ont., axing as many as 2,600 jobs in the process. The Canadian Auto Workers promised an all-out fight against what it called an "illegal" betrayal.


GM to slash 1,000 jobs at Oshawa plant

GREG KEENAN AND MATTHEW TREVISAN Globeandmail.com 06/02/2008
GM to slash 1,000 jobs at Oshawa plant

GM to slash 1,000 jobs at Oshawa plant With consumers facing high gas prices, housing collapse and credit crunch, auto-maker curbs production of pickup trucks and SUVs

SpectrumWatch: Round 16 results - $2-billion and counting

David George-Cosh National Post 06/02/2008

Another threshold has been crossed in Industry Canada's spectrum auction with more than $2-billion in bidding raised for more than 290 licences across Canada.


Recession looms

TORSTAR NEWS SERVICE METRONEWS.CA 06/01/2008
Recession looms

Economy shrinks for first time in 5 years: StatsCan

Pay hike for Alberta premier and cabinet ministers criticized

The Alberta government's closed-door decision to boost pay for cabinet ministers and the premier by more than $40,000 annually is drawing fierce condemnation and calls to reverse the hike.