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 Where profits flow north: Canadian banks shine
Canadian banks continue to show why they are considered among the best in the world, sailing through their fiscal second quarter with only a few bumps and bruises. Despite taking charges in their capital-markets operations and raising loan-loss provisions in light of Canada's sagging economy, the four banks that recently reported earnings easily beat expectations. More important, capital ratios remained high and all managed to rein in expenses. Three ... |   |
 Cross-border investment improves
Canadian investors bought $6.19 billion of foreign securities in March, while non-residents purchased $6.85 billion worth of Canadian securities as financial markets improved, Statistics Canada reported Thursday. Canadians bought $4 billion in mainly non-U.S. equities, which reflected continuing strong demand for foreign stock so far this year, the federal agency said. They also purchased up $2.4 billion of foreign bonds -- mostly U.S. -- in March. Non-residents ... | | |
 Ottawa promises a stronger focus for foreign aid
The Canadian International Development Agency unveiled a new strategy for humanitarian assistance that involves trying to do more for the world by doing a little less. "Being too diffused and thinly spread out without the needed critical mass, our money had little impact," International Cooperation Minister Bev Oda said in a speech at the Munk Centre for International Studies at the University of Toronto. CIDA will now ... | | |
 Chicagoan named U.S. Ambassador to Canada
President Barack Obama is injecting a bit of life into Ottawa's stuffy diplomatic circuit, naming Chicago lawyer, socialite and political fundraiser David Jacobson as the American ambassador to Canada. Mr. Jacobson made his mark in Chicago during the dot-com boom of 2000, staging high-end monthly mixers for the city's technology workers called “First Tuesday” parties. At the time, he was known to shun suits and ties in favour of black T-shirts. ... | | |
 100 years as boundary waters partners
Crossing the 5,500-mile border between the United States and Canada has gotten more complicated for citizens. But the lakes, rivers, streams and ponds through which much of the international boundary passes still flow without a care, thanks mainly to a 100-year-old treaty that will be celebrated throughout the Buffalo Niagara region in the coming days. Boundary Waters Week will be a truly binational happening, involving dozens of events and water-related themes starting ... | | |
 Canada supports bid to have Cuba rejoin OAS
Canada will support a U.S. resolution to enter into talks with Cuba about rejoining the Organization of American States for the first time since 1962, a top official said. Canada's minister of state for the Americas, Peter Kent, said it's ultimately up to Cuba if it wants to rejoin the organization, but he will advocate for its membership. ''Canada's position is that like virtually every member of the OAS, we would love to see Cuba re-enter hemispheric affairs at all ... | | |
 Ottawa to fall in line with Obama's aggressive new emission standards
Ottawa intends to largely fall in line with the tough national automobile-emission standards Barack Obama, the U. S. President, introduced yesterday -- rules that would add US$600 to the cost of producing a U. S. car and improve fuel efficiency by an average 5% per year starting in 2012. Implications for the Canadian industry are not clear, but one analyst said it would be nearly impossible for Canada to achieve what Mr. Obama has outlined. It is also unclear ... | | |
 Prentice warns U.S. to drop greenhouse gas tariff
Environment Minister Jim Prentice on Wednesday warned United States lawmakers to drop proposed trade sanctions on imports from countries with higher levels of greenhouse gas emissions, saying the measure would be a "prescription for disaster" for the global economy. In the Harper government's toughest critique yet of draft U.S. climate legislation, Prentice told a Washington audience a proposal to slap a "carbon-border adjustment" fee ... | | |
 Obama eyes Canada as bank model
Barack Obama, contemplating sweeping reforms to the U.S. financial system, cited Canada as a model worth emulating in an interview published yesterday. "You know, I've looked at the evidence so far that indicates that other countries that have not seen some of the problems in their financial markets that we have nevertheless don't separate between investment banks and commercial banks," the U.S. president told New York Times economics columnistDavid ... | | |
| U.S. Companies Succeeding in Canada |
 U.S. company buys natural gas pipeline from TransCanada
TransCanada Corp. has agreed to sell its North Baja pipeline in the U.S. southwestern states to partner TC PipeLines LP for US$395 million in cash and stock, increasing its stake in the partnership to 42.6 per cent. The Calgary-based pipeline company said Wednesday it will receive about US$200 million in cash plus 6.4 million units of TC PipeLines. It will remain operator of the 130-kilometre natural gas pipeline, which runs from southwestern Arizona to ... | | |
 Quebecor World finds a suitor in Chicago
R.R. Donnelley, the largest commercial printer in the United States, yesterday made a $1.35-billion U.S. bid for all the assets of struggling Quebecor World Inc., once the star performer of the Péladeau family's Montreal-based printing, publishing and media empire. The bid is a clear indication the commercial printing industry, hit badly by the global recession and the banking crisis, needs another round of consolidation to get back into shape, analysts ... | | |
 St. Louis-based Stratus Building Solutions opens in Canada
Stratus Building Solutions, the St. Louis-based franchisor of branded building service and maintenance operations nationwide, is accelerating its growth by establishing Stratus Building Solutions of Canada to serve all ten provinces in the world’s second-largest nation. CEO Dennis Jarrett and President Pete Frese of Stratus Building Solutions said, “Stratus Building Solutions of Canada marks our company’s first international expansion and complements our vision to become ... | | |
| Science & Technology/Research & Development |
 MDS Nordion, TRIUMF, and the Univ. of B.C. announce partnership
MDS Nordion, a leading global provider of medical isotopes and radiopharmaceuticals used in molecular medicine, TRIUMF, Canada's national laboratory for particle and nuclear physics, and the University of British Columbia, announced that they have entered into a
three-year research-and-development partnership to pursue the development of new diagnostic imaging agents - medical isotope products using technology based on radiometals and chelates.
Radiometals ...
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 Canadian scientists first to sequence H1N1 virus
Canadian scientists say they are the first to genetically sequence the swine flu virus, a breakthrough they hope will help identify the origins of the virus and reveal how it spreads and mutates. Dr. David Butler-Jones, Canada's chief public health officer, said Wednesday that researchers at the National Microbiology Laboratory in Winnipeg, Manitoba, genetically sequenced three samples of the swine flu virus from Mexico and Canada. Butler-Jones ... | | |
 Canadian discovery thought to be oldest evidence of animals
Canadian scientists probing a mountaintop in the Northwest Territories have discovered what they believe is the oldest evidence of animals on Earth -- about 850-million-year-old traces of a primitive, sponge-like organism that could push back direct proof of the origin of humanity's own kingdom of life by an astonishing 200 million years. The microscopic but distinctively patterned remains -- unearthed from a dramatic pinnacle in the Mackenzie Mountains ... | | |
 RIM, HP in mobile strategic alliance
BlackBerry-maker Research In Motion Ltd. and computer giant Hewlett Packard Co. have agreed to a "strategic alliance" that will see the two companies work together to provide mobile services for their business customers. The partnership will build upon a pre-existing relationship that exists between the two companies. HP last year bought computer services firm EDS for $13.9 billion (U.S.) and now manages about 500,000 ... | | |
 Countries rated on oil security: Canada ranks #1
Canada is the world's most energy-secure nation, and Indonesia is at the bottom of a new Energy Security Index compiled by Energy Security News and The Washington Times. The study ranks the top oil-producing nations on their ability to export petroleum products safely to the rest of the world. It bases its assessment on each country'sproduction and refining levels, its level of internal political strife and its ability to transport oil to other nations, given potential - or real - impediments. ... | | |
 China seeks energy alliance with Canada
China's state-controlled energy giant, China National Petroleum Corp., is proposing a strategic alliance with Canada -- and particularly Alberta -- to help meet its energy needs, while helping Canada develop a new market for its oil. Frustrated by its lack of progress in building a presence in Alberta, where CNPC and China's two other major energy companies have made only small oil-sands investments in recent years, the company said it is seeking ... | | |
 Canada to sell equity stake in nuclear reactor
Canada is seeking an international partner for Atomic Energy of Canada Ltd.'s nuclear reactor business and private management of a government-owned reactor that produces much of the world's radioactive isotopes used to diagnose cancer patients. Natural Resources Minister Lisa Raitt Thursday said the sale of the government's ownership stake will strengthen AECL and help boost global sales of its Candu reactors. The government is hoping to make the Candu reactors competitive with bids from France ... | | |
 Canada close to signing nuclear deal with India
The pact will open up the lucrative Indian market to Canadian nuclear exports for the first time in more than three decades. "We're very close to having an agreement with India related to the civilian use of nuclear energy for the purpose of helping them meet their energy needs," said Trade Minister Stockwell Day, who would not say exactly when the deal will be signed. A senior Indian diplomat told the Press Trust of India ... | | |
 New comprehensive atlas maps riches of the Arctic
Canada has published the first comprehensive atlas of Arctic geology -- everything from continental plates to rock types that signal where to hunt for gold, diamonds, gas and oil. The atlas contains $1 billion worth of data from polar countries, and carries enormous implications for contentious Arctic sovereignty claims -- based partly on formations under the ocean -- and for mining and earthquake forecasting. It also shows physical features such as kimberlite ... | | |
 Ottawa serious about sovereignty in Arctic
Foreign Affairs Minister Lawrence Cannon said Thursday that the Conservative government will strive to "work peacefully" with other polar nations but "will not hesitate to defend Canadian Arctic sovereignty." The statement came a day after the release of a new Russian government report that predicts possible military conflict over Arctic oil. Cannon, currently on a diplomatic tour in Asia, told Canwest ... | | |
| Transportation & Logistics |
 WHTI goes into effect for cross-border land travel
Fears of long lineups at border crossings between Canada and the U.S. failed to materialize Monday, the first day new identification rules went into effect. At the Ambassador Bridge between Windsor and Detroit --the busiest crossing between the two nations -- waits to get through were no longer than usual, officials reported. Both passenger and commercial traffic were flowing normally, with only brief warnings issued by U.S. border... | | |
 Bombardier inks deal for Paris metro cars
Bombardier Inc. is still waiting for the myriad much-discussed government railway projects financed by all that stimulus money to progress from the talking stage to reality. But it consoled itself yesterday with the signing of a $452-million deal to build 60 train sets for the Paris métro. Bombardier's share of 286 million euros is part of an 842-million-euro ($1.33 billion) contract awarded to a consortium made up of Bombardier and France's ... | | |
 Island airport expansion to double Porter passengers
Porter Airlines will more than double its passenger volume once a $45 million terminal expansion project is completed next year, an addition that will allow the ambitious young airline to accommodate more than 20 aircraft at Toronto's tiny island airport. Robert Deluce, chief executive of Porter, said yesterday the first phase of the expansion, paid for by Porter, will be ready by November. The full facility will include 10 aircraft ... | | |
 Canada, Japan to strike deal aiding relief flights
Japan and Canada will clear away a diplomatic hurdle that has in the past tangled efforts to deliver aid to Asia when Foreign Affairs Minister Lawrence Cannon visits Tokyo today. Defence officials found themselves scrambling for a pit stop when a Canadian Forces C-17 loaded with aid for victims of Myanmar's cyclone Nargis tried to deliver the goods last May, because they couldn't get a quick approval from friendly Japan to touch down at one of their airports. Today, ... | | |
 Helicopter force
More than 2,400 hours in the air. Some 6,000 passengers ferried. Hundreds of thousands of kilograms of cargo moved. Such are the numerical achievements of the Canadian Helicopter Force that recently completed its first five-month tour in Afghanistan. But in the mind of a recently returned deputy commander, the real success of the aircraft lies in a number that can't be counted -- Canadian soldiers spared by taking them off the deadly ... | | |
 M&M Meats deepens inroads in U.S.
M&M Meat Shops plans to open more stores in the United States while continuing to launch stores in strategic locations in Canada. The Kitchener-based company opened five stores in Wisconsin and three in Indiana last year, its first venture south of the border, and is pleased with the results, president and chief operating officer Gary Decatur said in an interview. Branded MyMenu, the stores opened prior to the downturn in the ... | | |
CATO 2009
Biotech Symposium Conference Madison, WI June 15-16, 2009 | |
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