In praise of massive cuts? The federal budget dissected
On the Canadian Centre for Policy Alternatives Behind the Numbers, David Macdonald drew back the curtain on Federal Budget 2011, uncovering a plan to cut the deficit through an unprecedented cut to a third of public service sector jobs. Click here for more. CCPA Senior Economist Armine Yalnizyan, meanwhile, appeared on the CBC’s Lang and […]
Consultation begins on low carbon fuel solution
B.C.’s new Clean Technology Parliamentary Secretary to the Minister of Energy and Mines, MLA John Yap, will consult with industry on how to improve B.C.’s low carbon fuel requirements. This will help B.C. grow the market for low carbon fuel, creating jobs and opportunities throughout the province. It is expected the province will become more […]
Teck Announces Retirement of General Manager, Trail Operations
Teck Resources Limited announced today that Mike Martin will retire from his role as General Manager Trail Operations. Mr. Martin will transition from his General Manager role beginning July 1, 2011. “Mike is retiring 39 years to the day that he joined Teck,” said Don Lindsay, President and CEO. “Mike is a highly respected operator […]
Loonie rises as national bank holds the line on interest rates
The Bank of Canada has held its interest rate at one per cent — impacting rates banks offer to businesses and consumers for borrowing and saving. “The global economic recovery is proceeding broadly as expected,” the bank said in a statement posted on its website Tuesday. Statistics Canada said there was a 3.9 per cent […]
Chrysler repays $1.7 billion in government loans: Flaherty
Talk about getting your money back. The Minister of Finance said Chrysler Group LLC has repaid $1.7 billion in outstanding Canadian government loans following the completion of new refinancing transactions. In 2009, during the depths of the global economic downturn, the Government of Canada and the Government of Ontario provided $1.7 billion in loans payable to Chrysler […]
Local reaction to HST reduction mixed
The B.C. government’s plan to roll back the HST to 10- per cent (from the originally-planned 12 per cent) is getting mixed reviews in Castlegar. Finance minister Kevin Falcon announced a plan yesterday that would see the HST reduced in two stages, the first one-per-cent reduction coming July 1, 2012 and the second on July ...
Government proposes cutting HST to 10 per cent, with a condition
Talk about dangling the carrot. The Province is proposing to reduce the total HST rate to 10 per cent from 12 per cent in two stages, cutting the provincial portion by one percentage point to six per cent from seven per cent on July 1, 2012, and a further one percentage point reduction would take […]
Wood biomass workshop aimed at Kootenay projects
The growing interest in small-scale bioenergy projects in the Kootenays will be the highlight of a two-day workshop next month in Cranbrook. Hosted by the Rocky Mountain Trench Natural Resources Society (Trench Society), the intensive, hands-on workshop (June 13-14) is aimed at individuals and organizations currently at the planning stages of setting up wood biomass […]
B.C. export growth expected to lead country this year and next, says Export Development Canada
British Columbia’s exports are forecast to increase 16 per cent this year and 11 per cent in 2012, according to a Global Export Forecast by Export Development Canada (EDC). “British Columbia’s exports will continue to expand at a double-digit pace through 2012, the only province to hit this mark, thanks to a resurgence in the […]
Which brands do Canadians love the most?
Reputations: One needs look no further than the recent oil spills, tainted-food recalls and financial industry scandals to realize that in business today, they mean everything to corporations. Canadian Business magazine has teamed with the Reputation Institute to assess the reputations of 50 of Canada’s biggest companies who deal directly with consumers or have a […]
