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Topics  News & Markets Industrial heartland faces tough slog as locomotive plant closure hits By Craig Wong, The Canadian Press  | February 03, 2012 OTTAWA - The closure of a locomotive plant in London, Ont., by U.S. heavy equipment maker Caterpillar comes as the latest blow to Canada's struggling manufacturing sector. Facing new competition from low-cost countries, a sluggish economic recovery and no longer able to count on a...
Caterpillar shuts Electro-Motive plant in London, Ont., where workers locked outElectro-Motive workers picket outside the London, Ont. Caterpillar-owned plant on Friday Feb. 3, 2012. American-based heavy equipment maker Caterpillar is closing its locomotive plant in London, Ont., after failing to win a labour agreement with the factory's 450 workers. THE CANADIAN PRESS/Mark Spowart
Topics  News & Markets Caterpillar shuts Electro-Motive plant in London, Ont., where workers locked out By Keith Leslie, The Canadian Press  | February 03, 2012 TORONTO - The Canadian Auto Workers said it was not surprised by word Friday that American-based heavy equipment maker Caterpillar Inc. would close its Electro-Motive plant in London, Ont., a month after it locked out about 450 workers. The closure was a "callous" move, but not...
Topics  News & Markets SGX Resources to acquire properties from San Gold in exchange for stock By The Canadian Press  | February 03, 2012 WINNIPEG - SGX Resources Inc. (TSXV:SXR) will acquire interests in two mineral properties in the Timmins area of northern Ontario under a proposed related-party deal with San Gold Corp (TSX:SGR), valued at $4 million. SGX was formerly a wholly owned subsidiary of San Gold and San Gold...
Topics  News & Markets Harper unlikely to change budget course despite meeting on NDP priorities By The Canadian Press  | February 03, 2012 OTTAWA - Prime Minister Stephen Harper is seeking opposition input into the next federal budget, even though he no longer needs opposition support to ensure its passage. The budget, expected later this month or next, will be Harper's first since capturing a long-sought Conservative...
Topics  News & Markets Quebec government demands $1.9 million back from company set to close plant By The Canadian Press  | February 03, 2012 MONTREAL - The Quebec government's investment arm wants its $1.9 million back from a company preparing to leave the province. Home appliance-maker Mabe has announced it will slash 700 jobs in Montreal. It says it will close the Canadian plant, which manufactures brand-name dryers, by...
Micron CEO Steve Appleton dies in a plane crash, interim replacement namedFILE - In this Nov. 4, 2005 file photo, Steven Appleton, chairman of the board, CEO and president of Micron Technology, Inc., speaks after Virginia Gov. Mark R. Warner announced Micron will create 860 new high-tech jobs during an announcement ceremony at the company's Manassas, Va. location. Appleton has died in a small plane crash Friday, Feb. 3, 2012,in Boise, Idaho. He was 51. (AP Photo/Potomac News, Perer Cihelka) MANDATORY CREDIT
Topics  News & Markets Micron CEO Steve Appleton dies in a plane crash, interim replacement named By The Associated Press  | February 03, 2012 BOISE, Idaho - Steve Appleton, the chief executive and chairman of Micron, died Friday morning in a small, experimental fixed-wing plane crash, the company said. He was 51. Appleton, a professional stunt plane pilot and former motocross racer, was the only one in the plane when it...
B.C. premier's natural gas plans include power supply change, but no hydro hikesDouglas Channel, the proposed termination point for an oil pipeline in the Enbridge Northern Gateway Project, is pictured in an aerial view in Kitimat, B.C., on January 10, 2012. THE CANADIAN PRESS/Darryl Dyck
Topics  News & Markets B.C. premier's natural gas plans include power supply change, but no hydro hikes By Dirk Meissner, The Canadian Press  | February 03, 2012 VICTORIA - Premier Christy Clark is trimming her government's prized green agenda to support growth in the natural gas industry, including development of three liquefied natural gas plants by 2020 in northwest B.C. Clark billed her natural gas strategy Friday as a potential clean...
Topics  News & Markets Increased monitoring in oilsands, but no independent agency for now By Bob Weber, The Canadian Press  | February 03, 2012 EDMONTON - A long-awaited program from the federal and Alberta governments on how to gauge the environmental effects of the oilsands — and answer the industry's international critics — will watch for more contaminants, in more places, more often. "We will begin to work immediately...
Topics  News & Markets Most actively traded companies on the TSX, TSX Venture Exchange markets By The Canadian Press  | February 03, 2012 TORONTO - Some of the most active companies traded Friday on the Toronto Stock Exchange and the TSX Venture Exchange: Toronto Stock Exchange (12,577.28, up 23.80 points): Kinross Gold Corp. (TSX:K). Miner. Down 19 cents, or 1.68 per cent, at $11.14 on 7,892,592 shares. Manulife...
Topics  News & Markets Rogers Communications will end practice of slowing Internet upload speeds By Sunny Freeman, The Canadian Press  | February 03, 2012 TORONTO - Rogers Communications Inc. (TSX:RCI.B) has vowed to phase out the practice of slowing some of the Internet traffic on its sytem, a move that should hearten those sharing movies and music or playing online games. The telecom giant announced the changes in a letter Friday to...
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