Welcome!

By registering with us, you'll be able to discuss, share and private message with other members of our community.

SignUp Now!

ON Economic Fundamentals 2008-12

joeiannuzzi

0
Registered
Joined
Sep 2, 2007
Messages
12,690
1208ONTR
Auto adviser bails out of job

Business leader Jim Arnett has resigned as special auto industry adviser to Prime Minister Stephen Harper after less than three weeks on the job, the Star has learned.

But provincial sources said Arnett, a former president and CEO of Molson Inc., would continue to advise Premier Dalton McGuinty on restructuring the auto industry.

The move came on the eve of Saturday`s announcement that Ottawa and Queen`s Park are lending $4 billion to General Motors Canada and Chrysler Canada to keep the automakers afloat.

http://www.thestar.com/News/Ontario/article/557246
 

joeiannuzzi

0
Registered
Joined
Sep 2, 2007
Messages
12,690
1208BTFD
Economic development strategy top priority

John Lennon once penned that "Life is what happens to you while you`re busy making other plans."

A week ago, council unanimously endorsed with almost no discussion a resolution from the citizen-run economic development advisory committee that Brantford work on a wide-ranging economic development strategy for the area in conjunction with Brant County, Six Nations and Chamber of Commerce of Commerce Brantford-Brant.

Wouldn`t it be nice if this plan could be drawn up and put in place before too much life passes by that we may regret?

Those proposing the idea envision that the area strategy would be plugged eventually into an overall strategy for development in the Grand River

http://www.brantfordexpositor.ca/ArticleDi....aspx?e=1357934
 

joeiannuzzi

0
Registered
Joined
Sep 2, 2007
Messages
12,690
1208LNDN
Harbour contamination grabs interest


Officials who protect Ontario`s drinking water and environment are seeking more information about contamination issues in the Port Stanley harbour area. Reports that a plume of contaminants is flowing through the harbour from Kettle Creek into the lake and an intake for a regional water system have caught their attention.

http://lfpress.ca/newsstand/News/Local/200...834021-sun.html
 

joeiannuzzi

0
Registered
Joined
Sep 2, 2007
Messages
12,690
1208BTFD
New home construction still growing in city

Construction of new homes is continuing to grow in Brantford despite an international financial crisis, a downturn in the national economy and the continuing effects of the native land claims dispute.

The monthly building report for November shows that city hall issued 145 permits for various types of construction last month for a total value of $8 million. Those figures compare favourably with 102 permits issued during the same month last year for a total $10.8 million.

The report says November added to an encouraging overall picture for the construction industry in 2008, with a total 1,301 permits worth nearly $106.6 million, compared with 1,119 permits issued last year worth $128 million.

http://www.brantfordexpositor.ca/ArticleDi....aspx?e=1359565
 

joeiannuzzi

0
Registered
Joined
Sep 2, 2007
Messages
12,690
1208OTWA
Goodbye, small town Ontario

Smiths Falls is dead. The people living there just haven`t admitted it yet.

At best, the town of 8,800 will wither to a fraction of its current size. Without jobs, there is no reason for the town to exist and the loss of 1,700 manufacturing and public service jobs will create a vortex that will take a lot of service sector jobs down, too. As the property tax base collapses, Smiths Falls will have a tough time providing even basic services for those remaining. More people will move out, handing the keys to their homes to the banks on the way. Eventually, Smiths Falls will become a small regional shopping community, population 2,000.

http://www.ottawacitizen.com/news/todays-p...6881/story.html
 

joeiannuzzi

0
Registered
Joined
Sep 2, 2007
Messages
12,690
1208OTWA
Poor out in the cold


Rising costs and plummeting vacancies mean finding an apartment in Ottawa can be an exercise in frustration, if not futility, for lower wage earners. According to the Canada Mortgage and Housing Corporation (CMHC), the vacancy rate for apartments in this city has diminished to 1.4%, its lowest rate since 2001, while the average rent increased by 3.6%.

http://www.ottawasun.com/News/OttawaAndReg...832956-sun.html
 

joeiannuzzi

0
Registered
Joined
Sep 2, 2007
Messages
12,690
1208ONTR
Toyota projects its first operating loss in 70 years

NAGOYA, JAPAN

Toyota Motor Corp. said yesterday it will report its first operating loss in 70 years, acknowledging that after a decade of rapid growth it can no longer escape the slowdown plaguing the global auto industry.

The Japanese auto giant also lowered its global vehicle sales forecast for the second time this year and said it was putting ambitious expansion plans on hold, in large part because of a precipitous drop in demand in the key U.S. market.

http://news.therecord.com/Business/article/462674
 

joeiannuzzi

0
Registered
Joined
Sep 2, 2007
Messages
12,690
1208KWCG
Industrial park gets council OK

GUELPH

While rejigging the wording to enforce the importance of low-impact development, city council unanimously approved the official plan amendment and draft plan for an industrial business park in the city`s south end last night.

There was some opposition to the Southgate Industrial Business Park from a neighbour and a local representative from the Sierra Club of Canada.

Although neighbour Paul Rice said his concerns are purely environmental.

http://news.guelphmercury.com/News/article/419280
 

joeiannuzzi

0
Registered
Joined
Sep 2, 2007
Messages
12,690
1208DUXB
Crunching the numbers


UXBRIDGE -- Township officials are eyeing a three-per cent cap on the municipal tax increase for 2009, said Uxbridge`s regional councillor. The Township has completed the first round of capital budget discussions, already cutting about $1 million from spending, said Coun. Howie Herrema. Among those cuts was $400,000 toward a permanent skatepark. During talks, officials decided to leave $20,000 in the budget for a skatepark site study with construction possibly starting in 2011.

http://newsdurhamregion.com/news/uxbridge/article/116104
 

joeiannuzzi

0
Registered
Joined
Sep 2, 2007
Messages
12,690
1208TNTO
Pan Am bid seen as economic slave

If there`s any silver lining to the economic crisis, it`s that governments are more willing to open their wallets. Backers of the Toronto bid to host the 2015 Pan Am Games say that change of mindset should benefit them.

"We`re the solution," said David Peterson, chair of the 2015 bid committee. "Everybody is talking about infrastructure. We can deliver this stuff fast."

http://www.thestar.com/News/GTA/article/557978
 

joeiannuzzi

0
Registered
Joined
Sep 2, 2007
Messages
12,690
1208BTFD
Brant delays rezoning decision for proposed brick factory


Brant County`s planning committee has delayed a decision about rezoning the former Blue Bird bus plant to allow a proposed brick factory to open on the site.

Dozens of county residents attended a recent meeting where the planning committee deferred a decision about a rezoning request made by 1590361 Ontario Inc. The numbered company has asked the committee to approve an exception to the former Blue Bird plant`s current special industrial zoning to allow for the brick plant.

Current zoning of the 11- hectare site would not permit a brick plant.

http://www.brantfordexpositor.ca/ArticleDi....aspx?e=1361421
 

joeiannuzzi

0
Registered
Joined
Sep 2, 2007
Messages
12,690
1208OTWA
Wrecking ball falls on Congress Centre


Demolition began yesterday on the old Ottawa Congress Centre to make way for a redesigned and much larger facility. The tear-down will continue until March, and involve a surgical precision that doesn`t require a wrecking ball or an implosion. The impact on traffic in the area is also expected to be minimized.

http://www.ottawasun.com/News/OttawaAndReg...843326-sun.html
 

joeiannuzzi

0
Registered
Joined
Sep 2, 2007
Messages
12,690
1208KWCG
Kitchener success story in midst of seventh expansion


KITCHENER

If there is anything good to be said about the current state of the economy, it`s that at least people haven`t stopped eating. And for that, Flanagan Foodservice Inc. is glad.

While its neighbours in south Kitchener close plants and slash staff, Flanagan is in the midst of its seventh expansion since moving to Sasaga Drive in 1989.

http://news.therecord.com/Business/article/463115
 

joeiannuzzi

0
Registered
Joined
Sep 2, 2007
Messages
12,690
1208TNTO
Road tolls still a talking point


Show us the money. For months, that`s been the mantra of the municipal politicians on the Metrolinx board.

They spent the year assembling Toronto-area transit projects totalling billions of dollars into the Regional Transportation Plan.

But the board`s sole citizen appointee, Paul Bedford, has adopted a different slogan. He`s taking his cue from U.S. President-elect Barack Obama`s "Yes we can" motto.

http://www.thestar.com/News/GTA/article/558509
 

joeiannuzzi

0
Registered
Joined
Sep 2, 2007
Messages
12,690
1208TNTO
Turning our condos green


For Toronto condo builder Mazyar Mortazavi, trends are so much more than just what wall colour is going to be hip next year – they are about the very way we live in our homes.

Mortazavi, known for his innovative developments and passion for creative city building, says condos are no longer being seen as just the first rung on the property-buying ladder.

http://www.yourhome.ca/homes/article/557895
 

joeiannuzzi

0
Registered
Joined
Sep 2, 2007
Messages
12,690
1208TNTO
Development charges need to be taken off the table


There are some mixed signals coming out of Toronto City Hall, which tempt me to suggest that the left hand doesn`t know what the right hand is doing. However, I`m prepared to give Mayor David Miller the benefit of the doubt and suggest that it`s more a case of the left hand getting ahead of the right. The mayor`s recent actions and pronouncements would certainly indicate that he is well aware of the need for proactive measures on the economic development front. The creation of Build Toronto and Invest Toronto as focal points for economic development is a welcome initiative.

http://www.yourhome.ca/homes/article/557913
 

joeiannuzzi

0
Registered
Joined
Sep 2, 2007
Messages
12,690
1208TNTO
Grocery store yet to bloom in Gardens


Maple Leaf Gardens, which Loblaw Companies Ltd. promised would be turned into a grocery store by this month, remains an empty and largely wasted space, even as Loblaw maintains the project is a go.

"Our plans remain the same. Loblaw intends to create a food store," Julija Hunter, senior director, corporate affairs, said in an e-mail this week. "At this time, Loblaw is focused on improving the performance of its existing stores and therefore we have limited activity in new store development."

http://www.nationalpost.com/todays_paper/s...html?id=1118231
 

joeiannuzzi

0
Registered
Joined
Sep 2, 2007
Messages
12,690
1208BTFD
Rents up, vacancies down in Brantford

The number of available apartments in Brantford fell over the past year while the cost of rents went up.

According to the fall Rental Market Report published by the Canada Mortgage and Housing Corp., the apartment vacancy rate in the city fell to 2.3 per cent in 2008. Meanwhile, rents edged up by 2.7 per cent.

A CMHC analyst suggested that would-be home buyers were postponing their purchases and staying in the rental market, which left fewer units available for turn-over.

http://www.brantfordexpositor.ca/ArticleDi....aspx?e=1363123
 

joeiannuzzi

0
Registered
Joined
Sep 2, 2007
Messages
12,690
1208BAOR
West Street bridge a "ticking time bomb" for tragedy


With snow piled on one side and rushing traffic on the other, Randy Ellis nervously watches his every step as he teeters the white line along the West Street N. bridge. It`s hard for him to avoid walking on the roadway as snow and ice cover the only means of safe crossing.

"You got nowhere to walk," he said. "If you try walking up on the sidewalk you just fall off because of the ice and stuff. It`s not plowed."

http://www.orilliapacket.com/ArticleDisplay.aspx?e=1363911
 

joeiannuzzi

0
Registered
Joined
Sep 2, 2007
Messages
12,690
1208KWCG
Expressway plans moving too slowly

Plans are advancing slowly to widen the overwhelmed Highway 7/8 expressway to six lanes between Courtland Avenue and Fischer-Hallman Road in Kitchener.

This upgrade is long overdue. In rush hour, a bottleneck builds at Courtland as westbound traffic narrows to two lanes.

http://news.therecord.com/News/Local/article/463996
 
Top Bottom