Business

October auto sales hit 6-year high in Canada

Tony Van Alphen Toronto Star 04.11.2008
October auto sales hit 6-year high in Canada

The U.S. auto market crashed last month but the Canadian industry cruised to another stunning sales gain despite the economic storm engulfing both countries.

Ontario officially a 'have-not,' to get $337M in equalization

TORONTO - Ontario will receive equalization payments for the first time in its history, Finance Minister Jim Flaherty said yesterday, following a meeting that revealed simmering tension between the country's two largest governments.


Flaherty to meet with provincial finance ministers

OTTAWA -- Finance Minister Jim Flaherty and his provincial counterparts are meeting today for the first time since the federal election and the collapse in financial and equity markets.

CFIA expands Hershey's advisory beyond Toronto to other Ont. cities

Hershey's chocolates and candies recalled two years ago over salmonella fears and subsequently stolen from a recycling depot are being sold not just in Toronto but in other Ontario cities as well, the Canadian Food Inspection Agency said Sunday.


Poor health forces Rogers CEO to step aside

GORDON PITTS The Globe and Mail 01.11.2008
Poor health forces Rogers CEO to step aside

Ailing communications magnate Ted Rogers has been admitted to hospital, forcing him to relinquish his duties as CEO of his sprawling cable TV, wireless, sports and media conglomerate.

Harper team to focus on economic crisis

DANIEL LEBLANC The Globe and Mail 01.11.2008
Harper team to focus on economic crisis

OTTAWA -- Prime Minister Stephen Harper unveiled a big, 38-member cabinet this week, but he will bring a lean agenda to a short preholiday sitting of Parliament. Money is tight and the government does not have time to push major legislation throug...


No immediate relief for homeowners in new deal for cities

KAREN HOWLETT, JENNIFER LEWINGTON The Globe and Mail 01.11.2008
No immediate relief for homeowners in new deal for cities

TORONTO -- The Ontario government ushered in a new era of provincial-municipal relations yesterday by agreeing to take back responsibility for funding social services shifted to cash-strapped towns and cities in the mid-1990s.

Flaherty to warn of frugal times

Paul Vieira National Post 01.11.2008
Flaherty to warn of frugal times

OTTAWA - The federal Finance Minister likely will tell his provincial counterparts on Monday that he is set to cap the amount of money they will receive in transfer payments from Ottawa, effective next year.


CRTC rejects extra charges for conventional TV signals

GATINEAU, Que. -- Canada's broadcasting regulator has introduced changes to give Canadians greater TV viewing choices while rejecting a controversial demand that would have seen monthly cable TV bills increase.

In 2009, Canadians Can Pay For Products With Cellphones

David Silverberg DigitalJournal.com 31.10.2008
In 2009, Canadians Can Pay For Products With Cellphones

Digital Journal -- Within a year, Canadian shoppers can wave a phone at a checkout reader and buy items without dipping into their wallet. A mobile phone payment venture is set to debut in mid-2009 in Toronto, DigitalJournal.com has learned.


Maple Leaf battered by meat recall costs

STEVE LADURANTAYE The Globe and Mail 30.10.2008
Maple Leaf battered by meat recall costs

A fatal listeria outbreak linked to its Toronto processing plant hit Maple Leaf Foods Inc. hard in the third quarter, but the company's private polling suggests consumers are ready to start buying its processed meat again.

PM calls first ministers meeting to tackle financial-meltdown issues

OTTAWA, QUEBEC, TORONTO — Prime Minister Stephen Harper is gathering premiers and territorial leaders Nov. 10 to discuss how Ottawa can respond to the stumbling economy and global financial crisis - a meeting that leaves the Tories time to follow ...


Rogers cashes in on iPhone popularity

Grant Surridge, Jamie Sturgeon Ottawa Citizen 29.10.2008
Rogers cashes in on iPhone popularity

TORONTO - Rogers Communications Inc. rode the iPhone's popularity to a big jump in quarterly profit in its last quarter but said costs associated with selling the device could weigh on future earnings.

Oil sands pipeline may be delayed

NORVAL SCOTT The Globe and Mail 29.10.2008
Oil sands pipeline may be delayed

CALGARY -- Uncertainty over the pace of oil sands development could delay the construction of a major pipeline that will connect Alberta to the U.S. Gulf Coast, potentially slowing the flow of bitumen to an untapped refining market.


Loan support too costly to tap, banks say

TARA PERKINS, KEVIN CARMICHAEL, BOYD ERMAN The Globe and Mail 24.10.2008
Loan support too costly to tap, banks say

TORONTO and OTTAWA -- While the U.S. government floods its banking system with cheap funding, Ottawa's Conservatives are sticking to a laissez-faire model, announcing a new program that is so expensive most banks say they're unlikely to use it.

Chretien takes credit for strength of Canadian banks

LONDON, Ont. -- Canada's banking system is weathering the economic storm engulfing the global financial sector because of Liberal government policies he enacted more than a decade ago, former prime minister Jean Chretien said Thursday.


McGuinty has 'plan' to get Ontario out of deficit

TORONTO — Premier Dalton McGuinty says he's got a plan to get Ontario out of deficit amid a global economic slowdown, but isn't offering many details.

Carney forecasts `sluggish growth'

Dana Flavelle Toronto Star 24.10.2008
Carney forecasts `sluggish growth'

While the rest of the globe is headed for a ``mild recession,'' Canada is entering a period of ``sluggish growth,'' the governor of the Bank of Canada said yesterday. In describing Canada's growth prospects, Mark Carney said the central bank looke...


Oilsands plans cut back

Edmonton Sun 24.10.2008
Oilsands plans cut back

CALGARY -- Major Canadian oilsands players are scaling back energy projects and cutting spending as they cope with falling crude prices, volatile stock markets and tight credit markets that make it harder to raise money.

Harper to attend 'Meltdown' summit

The Canadian Press 23.10.2008
Harper to attend 'Meltdown' summit

OTTAWA — Prime Minister Stephen Harper will make an early exit from next month's Conservative party convention to attend a meeting of world leaders on the global economic crisis. U.S. President George W. Bush has invited fellow leaders to Washingt...



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