Business

Airlines step up efforts to lure back travellers

BRENT JANG The Globe and Mail 19.09.2008
Airlines step up efforts to lure back travellers

Canada's two largest airlines have dropped North American fuel surcharges to clear the way for lower fares, as long as oil prices stay below $100 (U.S.) a barrel.

Maple Leaf reopens Toronto plant

Tiffany Crawford National Post 18.09.2008
Maple Leaf reopens Toronto plant

The Maple Leaf Foods plant in Toronto reopened Wednesday, after a potentially deadly type of bacteria linked to at least 16 deaths and found at the plant sparked a massive and nationwide recall of deli meats.


Manulife outlines $343-million exposure to AIG

BOYD ERMAN, TARA PERKINS The Globe and Mail 17.09.2008
Manulife outlines $343-million exposure to AIG

Manulife Financial Corp., moving to reassure investors nervous about its links to teetering insurer American International Group Inc., said late Tuesday that it has $343-million of investments and derivatives linked to AIG.

Ontario judge rules against Bell in lawsuit over late fees

TORONTO - Cable and satellite providers may not impose additional late charges and call them "administrative fees" to try to avoid the maximum interest rate provisions of the Criminal Code, an Ontario Superior Court judge has ruled.


Strike looms Monday for Viva drivers

Tess Kalinowski Toronto Star 17.09.2008
Strike looms Monday for Viva drivers

Viva transit riders are being advised to consider their commuting options with a potential strike looming Monday between the drivers' union and Veolia Transportation, the company that runs the buses.

Harper says Canada economy solid

MURRAY CAMPBELL, BRIAN LAGHI, CAMPBELL CLARK The Globe and Mail 16.09.2008
Harper says Canada economy solid

TORONTO, OTTAWA and ST. JOHN'S — Stephen Harper has tried to soothe fears that Canada is headed into a recession. The Conservative Leader acknowledged Monday that there are significant problems in the United States, where a credit crisis is devast...


Ontario Teachers' Will Keep Maple Leaf Stake, Royan Says

Frederic Tomesco Bloomberg.com 12.09.2008
Ontario Teachers' Will Keep Maple Leaf Stake, Royan Says

Sept. 12 (Bloomberg) -- Ontario Teachers' Pension Plan intends to keep its stake in Maple Leaf Foods Inc. after the stock dropped following an outbreak of listeriosis tied to contaminated meat from one of the company's plants.

Buzz Hargrove prepares to step down as CAW head

TORONTO — After 16 years as president of the Canadian Auto Workers union, Buzz Hargrove is preparing for a less hectic life as author, commentator and consultant -- but definitely not politician.


Toyota to delay startup of second shift at Ont. plant

KRISTINE OWRAM TheChronicleHerald.ca 06.09.2008
Toyota to delay startup of second shift at Ont. plant

TORONTO — Toyota Canada is delaying the startup of a second shift at its new plant in Woodstock, Ont., in a move that indicates the economic slowdown is affecting more than just the North American automakers.

Economy cranks out 15,200 jobs in August, but shakiness persists

OTTAWA — Canada's economy exhibited signs of coming back to life in August with the first job gains in three months, but mounting bankruptcies and further slippage in the stock market suggest the country is far from flourishing. Statistics Canada ...


Globalive's big dreams move closer to reality

SIMON AVERY The Globe and Mail 05.09.2008
Globalive's big dreams move closer to reality

The telecom giants that first dismissed Globalive Communications Corp. as a threat face the reality today that the upstart wireless firm could become Canada's fourth national cellphone company in less than a year.

Canadian Economy Adds More-Than-Forecast 15,200 Jobs

Greg Quinn Bloomberg.com 05.09.2008
Canadian Economy Adds More-Than-Forecast 15,200 Jobs

Sept. 5 (Bloomberg) -- Canada gained more jobs than anticipated in August, led by education and construction, indicating the economy picked up steam after shrinking in the early months of the year.


Deere & Co. to axe 800 jobs in Ontario

The Globe and Mail 03.09.2008
Deere & Co. to axe 800 jobs in Ontario

The battered manufacturing sector in Ontario was hammered again yesterday as farm equipment maker Deere & Co. said it will wipe out 800 jobs in Welland, Ont., by shutting a factory in the Niagara-area city next year.

Canada Leaves Key Rate at 3%, Saying It Remains `Appropriate'

Sept. 3 (Bloomberg) -- The Bank of Canada left its key lending rate unchanged, saying it remains ``appropriately accommodative'' amid slower-than-expected economic growth.


Dion to announce carbon tax plan adjustments

Liberal Leader Stéphane Dion is set to announce new proposals on Wednesday aimed at helping farmers adapt to his party's so-called Green Shift carbon plan.

Ontario to review propane safety in wake of massive Toronto explosion

TORONTO — Two independent experts will take a closer look at Ontario's propane safety standards in the wake of a massive explosion at a Toronto propane depot that forced the evacuation of thousands of residents living nearby, the province's Libera...


Repair allows Petro-Canada stations to fill up again

Petro-Canada says its gas stations that have run out of fuel should be back to normal by next week, now that a key piece of equipment has been fixed at its Edmonton refinery.

Quebec group pushes water exports

Lisa Wright Toronto Star 28.08.2008
Quebec group pushes water exports

A Montreal think tank says it's urgent for Canada to dip its toe in the water exporting business for financial gain – but some folks aren't too sure about watching our water go down the drain.


Look to Europe for health care model: CMA head

The new president of the Canadian Medical Association said Canada needs to look to European countries that have restored their health-care systems by including private clinics and changing funding formulas.

Maple Leaf expects meat recall to cost $19 million

TORONTO (Reuters) - Maple Leaf Foods Inc said on Sunday it expects a direct cost of about C$20 million ($19 million) from a recall of contaminated meat linked to an outbreak of food poisoning that has killed at least four people in Canada.



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