Business

Toronto firm joins Chinese to combat flu

KWOK WONG Toronto Sun 24.06.2008
Toronto firm joins Chinese to combat flu

A Toronto biotechnology company and China's Hunan province have embarked on a multi-million-dollar joint-venture that could make strides in preventing a flu pandemic.

Canadian top banker defends rate stance

Les Whittington Toronto Star 20.06.2008
Canadian top banker defends rate stance

OTTAWA–Fears of runaway inflation at a time of record oil prices have trumped the Bank of Canada's concerns about weak economic growth, governor Mark Carney confirmed Thursday night.


Dion carbon plan cuts income tax $11 billion

Les Whittington Toronto Star 19.06.2008
Dion carbon plan cuts income tax $11 billion

OTTAWA–Liberal Leader Stéphane Dion will promise today to return $15.5 billion in "carbodollars" annually to Canadians to compensate for his sharply rising "taxes on pollution."

Top-level talks aim to end GM spat

Tony Van Alphen Toronto Star 17.06.2008
Top-level talks aim to end GM spat

General Motors and the Canadian Auto Workers hold high-level talks here today, trying to defuse the tense standoff over the future of the company's Oshawa truck plant.


Ontario unveils nuclear plant expansion plans

Ontario will build its first new nuclear reactor in 15 years at the existing, provincially-owned Darlington site east of Toronto on Lake Ontario.

Shale discoveries lead natural gas revival

Shaun Polczer Calgary Herald 17.06.2008
Shale discoveries lead natural gas revival

The amount of natural gas in shale could breathe new life into North American supplies, offsetting declines and decreasing the need to import costly liquefied natural gas from offshore, EnCana Corp.'s CEO said Monday.


Dion wants auditor general to monitor carbon tax

OTTAWA -- Stephane Dion will deploy Canada's auditor general to backstop his claim that a Liberal carbon tax will be revenue neutral, not the massive tax grab depicted by the Tories.

Frustrated Montreal motorists appeal to big oil companies to reduce profits

MONTREAL — Angry Quebecers demanded Friday that gas companies lower the price of fuel at the pumps after news that some of them had acknowledged fixing prices.


CAW must dismantle blockade, judge rules

Tony Van Alphen Toronto Star 15.06.2008
CAW must dismantle blockade, judge rules

A judge is ordering the end of a union blockade against General Motors of Canada at its headquarters in Oshawa on Monday, but criticizes the company for its "deceit-like behaviour" in the dispute.

Toronto Hydro sells telecom subsidiary for $200M to Cogeco

City-owned Toronto Hydro yesterday sold its telecom subsidiary for $200-million to Cogeco Cable Inc. and announced plans to direct a portion of those funds to repair the city’s public housing units.


Precision Drilling Trust pushes south with hostile bid

NORVAL SCOTT The Globe and Mail 11.06.2008
Precision Drilling Trust pushes south with hostile bid

CALGARY — Precision Drilling Trust, Canada's largest oil services company, is launching a hostile $1.6-billion (U.S.) bid for a U.S. driller as it joins the move to tap the booming – and more stable – American energy market.

Bank of Canada jolts economists with stand-pat rate decision amid inflation risk

OTTAWA - The Bank of Canada defied expectations Tuesday by abruptly halting the downward march of its key interest rate and warning that inflation is emerging as a serious threat to the economy.


CAW worries for future of Brampton car plant

GREG KEENAN The Globe and Mail 11.06.2008
CAW worries for future of Brampton car plant

TORONTO -- While Canadian Auto Workers president Buzz Hargrove battles General Motors Corp. to keep its Oshawa, Ont., truck plant open, he raised new fears yesterday about the company's neighbouring car plant that will produce the Camaro muscle ca...

Canadian tory attack ads gassed at pumps

Andrew Mayeda National Post 10.06.2008
Canadian tory attack ads gassed at pumps

OTTAWA -- Federal Conservative party officials ended up with oil on their face Monday after a company that runs a network of video-advertising terminals at Canadian gas stations denied it would run a new set of Tory attack ads.


GM seeks to end workers' blockade of Oshawa head office

GREG KEENAN The Globe and Mail 10.06.2008
GM seeks to end workers' blockade of Oshawa head office

General Motors of Canada Ltd. said yesterday that it will act to end the blockade of its Oshawa, Ont., head office by employees angered over its announcement last week that it will cease production next year of pickup trucks at an assembly plant i...

Ottawa shares blame for closure of Oshawa, Ont. GM plant closure, protesters say

OSHAWA, Ont. - General Motors workers fighting the pending closure of a major truck assembly plant in southern Ontario said they’re planning to keep a high profile without breaking the law as they escalate their protests in the coming days.


Tory Ads Hit Dion's 'Tax Trick'; Videos decrying Liberal's carbon plan to be played at gas stations

OTTAWA - The federal Tories launched an aggressive multimedia campaign yesterday, attacking Liberal leader Stephane Dion's proposed carbon tax.

McDonald's removes tomatoes from its menus for fear of salmonella

Toronto - McDonald's Canada has temporarily stopped serving tomatoes in its menu products following news of a salmonella outbreak in the U.S.


In Ontario, cigarettes go into hiding

Craig Pearson The Windsor Star 01.06.2008
In Ontario, cigarettes go into hiding

In Ontario, where there's smoke, there's fines. The first day of Ontario's tobacco display ban had some convenience store owners and smokers fuming over what they see as overzealous government control.

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.



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