Bank of Montreal calls for $16 billion stimulus package
Dec 12 2008
Julian Beltrame, The Canadian Press December 11, 2008 - 6:41 p.m. OTTAWA - The federal government should move decisively on a fiscal stimulus package of as much as $16 billion next year to arrest the economy's slide into recession, the Bank of Montreal says. In a four-page note released late Thursday, deputy chief economist Douglas Porter argues that a $16 billion stimulus in the Jan. 27 federal budget is appropriate. After 12 years of budgetary surpluses, Ottawa can sufficiently grant to spend to boost growth and simpleton more money into frequent Canadians' pockets to help grow demand, spur buying and create jobs. "After all, the string ...
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New Flyer Industries reports US$1 billion in new orders over three months
Dec 12 2008
The Canadian Press December 11, 2008 - 7:02 p.m. WINNIPEG - New Flyer Industries Inc. (TSX:NFI.UN), a producer of heavy-duty buses, said Thursday it had booked US$1 billion worth of orders in the past three months and $2.8 billion to date this year. The Winnipeg-based company reports total spryness in U.S. dollars. New Flyer related it had been requested to make 1,482 buses in the most recent months. The largest fraternity came from the Chicago Transit Authority, but the company secured orders throughout Canada and the United States. New Flyer reported a backlog of 9,923 tantamount production units as of the end of November, up 43 per cent ...
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US study says global warming driven by greenhouse gases is unevenly affecting North America
Dec 12 2008
Randolph E. Schmid December 11, 2008 - 3:58 p.m. WASHINGTON (AP) - Climate make different caused by greenhouse gases is warming the United States, though unevenly, direction researchers said Thursday. "The continent as a firm is warming, mostly as a result of the energy sources we are using," William J. Brennan, acting administrator of the National Oceanic and Atmospheric Administration, said at a briefing on the population's climate since 1951. But there is a "warming lair" where nay change occurred in the center of the rustic, roughly between the Rocky Mountains and the Appalachians, added Martin Hoerling of NOAA's Earth System ...
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Editorial: A time for action
Dec 11 2008
Editorial: A time for action <!-- Editorial: A time for action Downturn, Jobs, Economy, bailouts 20081208 Given the grim household outlook, Ottawa needs to act quickly — and wisely — to spur the economy. /after_hours/opinions/ --> The economic forecast for Canada calls for pain. While the country’s banking system is in relatively good shape and we’re one of the best spots in the OECD, in that place’s no escaping the downturn in consumer expenditure here, and, more importantly, in the United States. The energy, forestry and auto sectors account for more than half of Canadian export revenues, and they depend on people having money ...
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