Current Issue - July 2006 - "Billion Dollar Marketplace" Subscribe here
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for Thursday, July 13, 2006
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June 2006 |
KOOL FM's CHUM Limited and Bell Globemedia Announce Take-over Offer for CHUM
Offer Values CHUM at $1.7 Billion - Supported by Controlling Shareholders and CHUM Board of Directors
TORONTO - CHUM Limited and Bell Globemedia Inc. on July 12 announced that BGM, through a corporation owned by its current and prospective shareholders, has agreed to make an offer to acquire all of the issued and outstanding common shares ("Common Shares") and non-voting Class B Shares ("Non-Voting Class B Shares") of the Company at a cash price of $52.50 per Common Share and $47.25 per Non-Voting Class B Share (the "Offer").
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May 2006
March April 2006
January February 2006
November December 2005
October 2005
September 2005
July August 2005
June 2005
May 2005
March April 2005
January February 2005 |
UW holds major conference on German-speaking immigration around the world
WATERLOO -- Canada's most prominent area of German settlement -- Kitchener-Waterloo -- will host an unprecedented conference next month on the experiences of German-speaking immigrants around the world.
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Canadian international merchandise trade May 2006
Declines in the energy sector in May, among others, led to a fourth drop in exports in five months. However, merchandise imports decreased at a rate higher than that of exports, resulting in an increase in Canada's merchandise trade surplus.
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General Social Survey: Commuting times 2005
The average Canadian now spends nearly 12 full days a year getting to work and returning home, according to a new study on commuting, the first of a series of four that paint a picture of the daily activities of Canadians.
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Boomers Are A Stressed Generation Who Are In Debt, But Satisfied With Life, According to BMO Study
Boomers Juggling Needs of Parents and Children, While Trying to Plan for
Retirement
TORONTO - The generation known for its "me first" mentality is juggling the needs of their parents and children with their own future retirement needs, according to the "State of the Baby Boomer" study released today by BMO Financial Group. The study, conducted by The Strategic Counsel, reveals that three in five Canadian boomers with children aged 18 and over are providing some kind of financial support to their kids. Adding to the pressure, one-quarter of those boomers whose parents are still alive have one or more elderly parents that need their assistance on a regular basis.
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Exporter confidence falls again; preparing for tougher times
OTTAWA - Confidence levels among Canadian exporters continue to decline amid growing evidence of a global economic moderation, a marked retreat from the boom years between 2002 and 2004 according to the semi-annual Trade Confidence Index (TCI) survey from Export Development Canada (EDC). "As the economy decelerates from the best global conditions in 10 years, Canadian exporters are very clearly anticipating a much tougher time over the next 6 months," said Peter Hall, Vice-President and Deputy Chief Economist. "Exporters usually thrive when global economic performance is this solid, but Canada's strong dollar has created a significant challenge for exporters. Unlike previous episodes of dollar strength, exporters are standing up to the storm with aggressive counter-measures."
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Executives Cite July and August as Best Time for Staff Vacations
TORONTO - Summer vacations aren't just for students. A new survey shows employers also prefer their teams to take scheduled time off during the summer months. Half of executives surveyed (50 per cent) said July is the best month for employees to take vacations; 21 per cent named August as the most favourable time for staff breaks.
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Survey highlights trend shifts in cosmetic enhancement industry
- Medicard(R) reveals industry stats for cosmetic procedures in Canada -
Number of surgical and non-surgical procedures Performed in Canada in 2005
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642,828
79 per cent non-surgical procedures
21 per cent surgical procedures
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Stop the CHUM deal and the layoffs says CEP
OTTAWA - Canada's largest media union is calling on the Canadian Radio, Television and Telecommunications Commission to immediately intervene in the proposed sale of CHUM Ltd to Bell Globemedia. "We think there is a direct link between this sale and the shut down yesterday of significant parts of CHUM's news gathering capacity across the country," said Peter Murdoch, Media Vice-President of the Communications, Energy and Paperworkers Union of Canada.
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Ontario Government To Improve Highway 24 - Investment Will Benefit Drivers In Brantford Area
BRANTFORD - A contract has been awarded to repave and upgrade Highway 24 near Brantford to improve road conditions for drivers, Transportation Minister Donna Cansfield announced July 12.
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Ontario Government To Improve Stresstch Of Highway 401 Investment Will Benefit Drivers In London Area
LONDON - A contract has been awarded to upgrade
Highway 401 in the County of Middlesex to improve driving conditions,
Transportation Minister Donna Cansfield announced July 12.
"An average 60,000 vehicles use this busy section of Highway 401 everyday, of which 35 per cent are commercial vehicles," said Cansfield.
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First Annual Kitchener Chess Festival Day this Friday
KITCHENER - This Friday, downtown Kitchener will turn into a virtual mecca of chess, with the first annual Chess Festival Day taking place at City Hall and Civic Square.
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Sears Canada Chairman Steps Down
Alan J. Lacy, Chairman of the Board of Sears Canada Inc., has announced his resignation, effective July 29, 2006. He has also announced his departure from his position as Vice Chairman of Sears Holding Corp., as well as a member of its Board of Directors.
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Crawford Appointed To Handle Claims Arising From Fuel Oil Discharge Into Burrard Inlet
VANCOUVER, British Columbia, -- Crawford Adjusters Canada confirmed that the firm's Vancouver Marine Services branch has been appointed by vessel owner's liability insurers to investigate and adjust claims arising from the July 4th release of fuel bunker oil into Burrard Inlet off the North Vancouver waterfront.
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Priszm's distributable cash increases by 31.9 per cent in first half of 2006 Second Quarter 2006 financial results exceed targets
TORONTO - Priszm Canadian Income Fund the operator of 484 KFC, Taco Bell, Pizza Hut and Long John Silver's restaurants in seven provinces across Canada, today announced its financial results for the six-month and three-month periods ended June 12, 2006.
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Wednesday July 12, 2006
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Toronto roundtables recommend the Green Development Standard
TORONTO - At a special joint meeting last night, the Roundtable on the Environment and the Roundtable on a Beautiful City requested Toronto City Council to adopt the Toronto Green Development Standard 2006.
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"Hub" cities drive economic growth nation-wide
OTTAWA - Canada should strategically focus municipal investments in its hub cities instead of spreading funds across the country on a per-capita basis, according to a new Conference Board report released July 12, 2006.
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Conserving Electricity During a Heat Wave powerWISE(R) Tips for The Summer Months
TORONTO - Six of Ontario's largest local electricity distribution companies, cooperatively delivering energy conservation programs under the powerWISE(R) name, are advising customers on ways to save electricity and money without compromising comfort during the summer months.
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Scientists to begin unlocking biofuel potential
By Ian Hoffman
Scientists for the U.S. Agriculture and Energy Departments are teaming up in the Bay Area to divine the genetic recipe for switchgrass and other potential energy crops, for dramatic boosts in the production of biofuels.
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New Housing Price Index May 2006
New house prices continued to rise rapidly in May, with the strongest increases in Alberta. The New Housing Price Index rose by 1.3% over the previous month to 140.0 (1997=100). Compared to one year ago, contractors' selling prices have increased 9.1%.
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Investment in non-residential building construction Second quarter 2006
Investment in non-residential building construction hit a record high for the 13th consecutive quarter between April and June, thanks largely to huge gains in British Columbia and Alberta. Investment in the three non-residential components combined (industrial, commercial and institutional) reached $8.7 billion, up 0.9% from the first quarter.
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Vacationing in the U.S.: questions most frequently asked of CAA-Quebec
MONTREAL - With the strong Canadian dollar no doubt a deciding factor, several thousand of CAA-Quebec's 850,000 members will be heading for the U.S. East Coast and Virginia in the coming days - a full 14% more than last year during the same period.
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Guelph reacts to W.C. Wood Company closure
City Council and officials were saddened by W.C. Wood Company’s announcement late yesterday it will close its plant on Duke Street in November 2006. The company will relocate production to an existing plant in Ottawa, Ohio and to one of its partners in Asia.
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Ontario Railways can play Important Role in Province's Ethanol Industry
OTTAWA - With the Government of Ontario recently announcing funding and operating grants for new ethanol plants in the province, railways could play a big role in the sustainability of Ontario's emerging ethanol industry.
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Book Review
Who is Ripping Off U.S. Consumers?
New Book Reveals How Big Business Uses Government Regulation to Steal Your Money
Washington, D.C. — When big business gets its way in Washington, the result is higher taxes, stricter regulation, and bigger government all around, all of which harm consumers, entrepreneurs, and taxpayers. Competitive Enterprise Institute Journalism Fellow Tim Carney reveals the quiet partnership of big business and big government—and its costs to the average American—in THE BIG RIPOFF: How Big Business and Big Government Steal Your Money.
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Sun Life Financial completes offering of senior unsecured debentures
TORONTO - Sun Life Financial Inc. announced July 11 the successful completion of a public offering in Canada of CDN$300 million principal amount of Series C Senior Unsecured 5.0% Fixed/Floating Debentures due in 2031, pursuant to its medium term note program.
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Industry Canada Announces Assignment Process for Canadian Satellite Orbital Positions
OTTAWA - Industry Canada announced July 11 the launch of a licensing initiative to authorize the development of Canadian satellites. Given that up to 29 satellite licences may be assigned, this will be the largest spectrum licensing initiative ever undertaken in Canada. A comparative competitive licensing process will be used in which applicants will be required to submit proposals to Industry Canada.
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| US Pushes Deal That Would Allow Russia Into WTO
"The US administration's top trade officials are making a last-ditch push to complete an agreement allowing Russia into the World Trade Organization (WTO), a longstanding Russian demand that has threatened to overshadow this weekend's Group of Eight (G8) summit," reports The Wall Street Jounal.
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| Pressure Builds On G8 To Embrace Emerging Economies
"As Group of Eight (G8) leaders prepare to meet at their annual summit this weekend, one question being asked is whether their exclusive club should become the G11 by integrating Brazil, China and India," reports Agence France Press.
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New Programs Highlight Launch of New Campus in Waterloo
Conestoga College begins operations this fall at its new, larger location in Waterloo -- 108 University Ave. E. This new site will provide a focus for programs associated with technical skills related to the construction industry.
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Local skilled trades camp expands horizons for participants
What:
“Skills Work!® for Youth” Employability Skills Camp
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Tuesday July 11, 2006
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High Tech Industry Proposes National Growth Strategy Based on Public Sector Procurement
Positive approach is in "stark contrast" to federal procurement department's anti-growth policies
OTTAWA - Canada's largest high-tech business alliance will release a blueprint for national growth later this summer that is in "stark contrast" with the narrow policy approaches to the use of Public Sector procurement by the federal department of Public Works, according to industry spokespeople. The blueprint, called "Partner for Prosperity -- Prosperity, Global Supply Chains, and the Role of Government Procurement" -- links strategic Public Sector spending to the expansion of Canadian economic development. It advocates a "painless" way to use Public Sector funds and leadership to drive growth.
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Open Text Among Finalists for the 2006 Microsoft Global ISV Partner of the Year Special Recognition Award
CHICAGO - Open Text Corporation, a leading provider of enterprise content management (ECM) software, announced July 10 that it has been nominated for Microsoft Corp.'s Global ISV Partner of the Year Special Recognition Award. Winners for the 2006 Microsoft Partner Program Awards, which recognize top Microsoft Partners delivering market-leading, Microsoft-based solutions, will be announced July 12 in Boston, MA at the Microsoft Worldwide Partner Conference.
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Minister of Industry Delivers on his Commitment and Releases Final Audit Report on Compliance by TPC-Funded Companies
OTTAWA - The Honourable Maxime Bernier, Minister of Industry, today released the external auditor's final report on the compliance of 47 companies with certain terms of the contribution agreements they signed with Technology Partnerships Canada (TPC).
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Housing starts move higher in June
OTTAWA - The seasonally adjusted annual rate(1) of housing starts was 232,200 units in June, up from 222,200 units in May, according to Canada Mortgage and Housing Corporation (CMHC).
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Canadian Tobacco Use Monitoring Survey February to December 2005
The Canadian Tobacco Use Monitoring Survey (CTUMS) found there was no difference in smoking prevalence among teens aged 15 to 19 for the second year in a row. Approximately 385,000 Canadians in this age group (18%) reported they smoked daily or occasionally.
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Lakeport Brewing appoints Vice President, Sales
HAMILTON - Lakeport Brewing Income Fund on July 10 announced the appointment of Scott Simmons as Lakeport's Vice President of Sales effective July 31, 2006. Mr. Simmons comes to Lakeport from The Beer Store where he was the Vice President, Marketing and Business Development. Prior to that he held senior level marketing and sales roles within the packaged goods and marketing management industries focusing on brand management, strategic planning and sales.
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Harvard University selects Laurier associate professor as a research associate and visiting faculty member
Dr. Carol Duncan, associate professor and chair of Laurier’s Religion and Culture Department, will be joining Harvard University this September as a visiting associate professor in its Women’s Studies in Religion Program.
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Study: The death of a spouse and the impact on income 1993 to 2003
Senior women suffered economically from widowhood, much more than senior men, according to a new study. Senior widows saw their median family adjusted income decline continuously in the five years following the loss of their husband. On the other hand, widowers' median adjusted income was higher five years after the wife's death when compared to the year before that event.
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Canada's Largest Ethanol Plant Now in Production
SARNIA - Suncor Energy Products Inc. announced July 10 that its St. Clair Ethanol Plant is now in production. With an expected production volume of 200 million litres per year, the St. Clair Ethanol Plant is now the largest ethanol production facility in Canada.
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Descartes' New Electronic Customs Compliance Technology Goes Multi-Modal with DHL Express Canada Using it to Manage Air Cargo Customs Filings
WATERLOO-- Electronic customs compliance technology acquired recently by logistics software and services specialist The Descartes Systems Group Inc. will help DHL Express Canada expedite cross-border shipments and meet the terms of Canada Border Services Agency's new Advance Commercial Information, or ACI, program and similar legislation pending in other parts of the world.
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Ethanol use growing but far from cure-all for energy problems
By H. Josef Hebert
WASHINGTON - Ethanol is far from a cure-all for the nation's energy problems. It's not as environmentally friendly as some supporters claim and would supply only 12 percent of U.S. motoring fuel -- even if every acre of corn were used.
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World Cup Final Peaks at 4 Million Viewers on CTV
- Final caps most successful tournament ever in Canada -
TORONTO - When Italy's Fabio Grosso lined up his historic penalty kick, a record 4 million Canadians were watching in anticipation. When his Cup-winning goal lifted Italy into the history books, it capped the most watched World Cup game ever in Canada. BBM reports a new single-game record as a national average audience of 2.84 million Canadians watched the final on CTV July 9.
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Researchers identify energy gains and environmental impacts of corn ethanol and soybean biodiesel
The first comprehensive analysis of the full life cycles of soybean biodiesel and corn grain ethanol shows that biodiesel has much less of an impact on the environment and a much higher net energy benefit than corn ethanol, but that neither can do much to meet U.S. energy demand.
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FremantleMedia & Insight Production Company Ltd. Set to Bring Project Runway to Canada
TORONTO - Fremantle International Distribution (FID), the distribution arm of global production outfit FremantleMedia, today announced that it has teamed with leading Canadian independent producer Insight Production Company Ltd. to create a Canadian version of the hit US entertainment reality series Project Runway.
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Survey reveals construction costs are expected to escalate next quarter
EDMONTON - Although Alberta's economy is expected to continue to sizzle, there may soon be economic implications for average Albertans, particularly given the anticipated rising cost of construction, according to the latest ATB Financial Business Sentiments Index(TM). The Index is compiled by the Western Centre for Economic Research at the University of Alberta School of Business based on a survey of over 400 Alberta businesses.
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ECL Group Finds Headwater’s SmartEnterprise 3PL Software Solid Choice for Initial Operations, its Scalability Ideal for Planned Growth
BRAMPTON – ECL Group, Inc. has gone live with a SmartEnterprise third party logistics software (3PL) solution from Headwater Technology Solutions Inc. at its 100,000 square foot freezer, cooler, ambient temperature warehouse in Brampton, using the software to manage all inbound-outbound warehouse activities, space and personnel allocations, administration, reporting and billing, it was announced on July 10 by President Robert Reece and Headwater Senior Vice President Joe E. Couto.
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Canadian product selected for Emmy Gift Bag
Kitchener, – On August 27th, Primetime Television's biggest stars will have their night to shine at the 58th Annual Emmy Awards in Los Angeles. All nominees will hope to receive the coveted gold statuette, however if their name is not announced as a trophy winner they will receive ample consolation the following day in the form of a Gift Bag compliments of Distinctive Assets.
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ICON Targets the Canadian Markets
NEW YORK, NEW YORK - ICON Capital Corp. ("ICON"), an equipment leasing and finance company based in New York City, announces its plans to serve the Canadian marketplace. ICON Funding, an affiliate of ICON with offices in Toronto, Ontario and Vancouver, British Columbia, will provide Canadian businesses with an array of specialty finance solutions that range from traditional leasing of equipment types such as information technology, aviation, marine, medical, manufacturing, materials handling, telecom, and furniture and fixtures to highly structured financial products for unusual asset types and emerging companies.
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Smiles Made Easy® wins coveted iParenting Media Award
After reviewing thousands of products, iParenting Media has selected Smiles Made Easy® "I am Proud When…" thought cards, as a celebrated winner of the 2006 Best Product award.
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Aerospace & Defense Firm Comtek Announces Record Revenues
PHOENIX, AZ, Burlington, Ontario- - Comtek Advanced Structures ("Comtek") on July 10 announced record revenues exceeding C$4.5 million for its first quarter ending June 30th. This is the highest revenue total of any quarter in the twelve-year history of the company. Revenues increased 20% compared to the previous quarter and this strong performance was broad-based across all of Comtek's lines of business.
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$65M CAD Investment in Woodstock Brings 330 New Jobs
Woodstock — Economic Development and Trade Minister Joseph Cordiano and Dr. Shuhei Toyoda, President of Toyota Boshoku together announced the company’s plans to bring a new parts-supply facility to southwestern Ontario.
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Monday July 10, 2006
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| Establishment of Automotive Interior Manufacturing Company in Woodstock, Ontario, Canada
TORONTO - Toyota Boshoku Corporation (Headquarters: Kariya-city, Aichi, Japan President: Shuhei Toyoda) announced the establishment of a new automotive interior manufacturing company, Toyota Boshoku Canada, located in Woodstock, Ontario Canada. This new company will be the first Toyota Boshoku wholly owned seat manufacturing facility in North America.
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Better Governance Is Way Out Of Poverty - World Bank
"Developing countries must improve business conditions and run their public and private sectors in a transparent way if they want to attract investors and fight poverty, World Bank President Paul Wolfowitz said on Thursday," reports Reuters.
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AGILE SYSTEMS INC. ELECTS NEW DIRECTORS
Waterloo - Agile Systems, a global leader in the design and manufacture of energy-efficient electronic controls for electric motors, announces the election of three new directors to its board. At its annual shareholders meeting held in Waterloo on June 30, 2006 Matt Miller, Sab Ravalli and William Spurr were elected to the board of directors.
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Greater Chamber of CommerceInside this Issue July 7 . . . . .
1. Business After 5 - KidsAbility
Foundation - July 11, 2006
2. Member
Advantage Program
3. Networking Breakfast
Committee - Speed Networking - September 14, 2006
4.
The New & Improved Chamber Corporate Challenge -
September 16, 2006
5. Chamber After 5 - regional
business tradeshow - September 19, 2006
6. Networking
Breakfast Series - Waterloo Region: Smart City -
September 21, 2006
7. LEAD Professional Development Day - October 18, 2006
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Tourism Security Expert at Guelph Campus
A leading expert in “tourism security” who facilitated a conference in Aruba following the disappearance of a U.S. high school student will visit the University of Guelph starting July 10. During a meeting with faculty and students from the School of Hospitality and Tourism Management (HTM), Peter E. Tarlow will discuss plans for a conference in Guelph next year on security risk management.
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Labour Force Survey June 2006
Following large gains the previous month, employment was little changed in June, leaving the unemployment rate at a 32-year low of 6.1%. Since the start of the year, employment is up 1.3% or 216,000, more than double the growth of the first half of 2005.
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Domestic sales of refined petroleum products May 2006
Sales of refined petroleum products totalled 8 217 100 cubic metres in May, down 3.9% from May 2005. Sales decreased in five of the seven major product groups, with heavy fuel oil down 205 600 cubic metres or 31.9%. Motor gasoline sales increased by 38 900 cubic metres or by 1.1%.
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Small for-hire motor carriers of freight and owner operators 2003
There were 44,400 firms active in the truck transportation industry in 2003. Overall, 35,000 firms identified themselves as owner operators, followed by 5,900 small for-hire carriers, or those with less than $1 million in revenue, and 3,500 for-hire carriers above that threshold.
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Full benefits of animal cloning a good 50 years away
By Deborah Haynes
The British scientist who a decade ago created Dolly the Sheep cautioned Wednesday that another half-century would be needed to reap the full benefits of the cloning breakthrough.
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Science and technology to play bigger role in China's agriculture
China plans to become a major world power in agricultural science and technology by 2020, the country's Minister of Agriculture Du Qinglin said here Thursday. Addressing a national conference on agricultural science and technology, Du said by 2020, science and technology will contribute 63 percent of the growth in the agricultural sector, 15 percent more than it does now.
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