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 […]
Protest at Goldcorp's AGM in Vancouver
On May 18th, a sunny Wednesday morning, supporters of peoples affected by Goldcorp’s mining operations in Latin America held a vibrant demonstration addressing Goldcorp’s Annual General Meeting (AGM), taking place at the heart of Vancouver’s business sector. Demonstrators rallied outside the Pan Pacific Hotel, where the shareholders’ meeting took place. “We ask and demand that […]
ICBC withdraws rate-restructuring proposal
The Insurance Corporation of British Columbia has withdrawn its rate-restructuring proposal to raise insurance rates of drivers who get a speeding ticket or other moving violations. The move followed a meeting Monday with the Minister of Public Safety and Solicitor General Shirley Bond, who stated that ICBC has been instructed to ensure it applies a […]
