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ON Economic Fundamentals 2008-12

joeiannuzzi

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1208KWCG
Downtown buildings to get new designation

GUELPH

Save any opposition in the next month, the properties on either side of the downtown Gummer building will be given heritage designation.

Without discussion, city council this week unanimously approved the pending designation of 9 Douglas St. and 65 Wyndham St.

http://news.guelphmercury.com/News/article/420059
 

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1208YEGM
East Gwillimbury won`t touch core services: CAO

The economic downturn is hitting behind the scenes in East Gwillimbury.

"We saw this coming several months ago," CAO Tom Webster said. "But the front lines won`t be cut. We`ll always provide core services for residents."

Starting the budget process early, the town expects to introduce cost-saving initiatives in 2009. While it plans to maintain the same level of capital spending, it expects to delay some large capital projects, Mr. Webster said.

http://www.yorkregion.com/News/Newmarket/article/86258
 

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1208YNEW
Newmarket keeps growing in slowdown

Newmarket is caught in the middle of growth and expansion on one hand and economic slowdown on the other.

It`s a balancing act between growing up and standing still.

The town finished its official plan in the fall and is in its second year of a five-year plan. "It`s like managing a business," Newmarket Mayor Tony Van Bynen said. "It`s a long-term framework for how a community will evolve."

http://www.yorkregion.com/News/Newmarket/article/86259
 

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1208DWTB
Whitby`s mayor looks ahead to 2009


WHITBY -- The fate of the Cullen Central Park lands tops Mayor Pat Perkins`s list of priorities as the new year rolls around. "The first really large thing that we`re going to be dealing with -- that`s going to affect us financially and it will affect everybody in the town -- is the budget," she said.

http://newsdurhamregion.com/news/whitby/article/116379
 

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1208TNTO
A rental crunch on the horizon

Here is a question that might take the edge off the holiday season: Is Toronto about to face another rental housing crisis?

Are we indeed heading back 25 years to the mid-1980s when apartment vacancy rates fell to just one or two available units in every thousand?

Gerry DiLeo, a partner in Rental Lifestyle Group Inc., which manages rental apartment buildings and condo suites for investors, says he is concerned. He can see signs of a future shortage.

http://www.theglobeandmail.com/servlet/sto...RealEstate/home
 

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1208HAMN (Burlington)
GO Transit, Metrolinx send `mixed messages` to Halton: politicians


Halton politicians have expressed concern over what are seen as "mixed messages" from GO Transit regarding future expansions of service to the region that are included in its recently released GO 2020 Strategic Plan. The plan does not envision extra train service to Milton and Georgetown stations outside peak hours, and only half-hour service on the Lakeshore west line between Union Station and Hamilton.

http://www.burlingtonpost.com/news/article/227832
 

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1208KWCG
Cambridge wants you to shovel your sidewalks, uncover fire hydrants


CAMBRIDGE - Almost 500 notices reminding people to shovel their sidewalks have been issued in Cambridge, Kitchener and Waterloo so far this snowy December.

Most people have complied, but 30 people in Kitchener and 20 in Waterloo will be getting $300 bills from city hall after public works crews did the job for them.

http://www.cambridgereporter.com/news/article/157533
 

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1208KWCG
City leads plan to defer tax increases

Municipal councils across Ontario are quickly warming to an idea passed by Cambridge council last month. On Nov. 17, council passed a resolution put forward by Coun. Ben Tucci calling on Premier Dalton McGuinty and Finance Minister Dwight Duncan to defer the planned four-year phase-in for property tax increases for one year. In putting forward the motion, Tucci said the provincial government "should do everything possible to soften the blow for taxpayers".

http://www.cambridgetimes.ca/news/article/157432
 

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1208HAMN (Flamborough)
It`s official: Wal-Mart is coming to town

A new 152,000-square-foot Wal- Mart super centre will be built on the southeast quadrant of Clappison`s Corners, a store official confirmed last Thursday. Kevin Groh, director of corporate affairs for Wal-Mart Canada Corp., said residents can expect to see some activity on the site within the next couple of weeks. The new department store will be built on a 12.25-acre site adjacent to RONA and facing north toward Hwy. 5.

http://www.flamboroughreview.com/news/article/227633
 

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1208KWCG
City ups pressure on province


The city is ratcheting up pressure on the province to do something about the risk to city drinking water from quarry operations near the Hanlon Expressway. A letter sent this week by Mayor Karen Farbridge to the Ministry of Natural Resources is seeking an immediate limit on excavating at the quarry currently owned by River Valley Developments, a subsidiary of Carson Reid Homes.

http://www.guelphtribune.ca/news/article/157485
 

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Hello everyone. I am currently reorganizing how the small town updates are presented. Please check back next Sunday to view the new format.

Thank You
 

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1208ONTR
Metrolinx needs power to redraw transit map


If the future of the GTA rides on any one thing, it may be Metrolinx. The arm`s-length public agency was created expressly to plan, build and operate a regional public transit system across the Greater Toronto Area. Needless to say, it`s an idea whose time has long since come.

http://www.thestar.com/GTA/Columnist/article/558989
 

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1208CATH
Gateway economic centre role a must, Thorold mayor says


Thorold Mayor Henry D`Angela wants to put his city on the map.

While it`s already there as the city where ships climb the mountain and Canada`s most patriotic, D`Angela has another moniker in mind.

Gateway economic centre.

It`s a title already bestowed upon Welland and Port Colborne by the province and in Niagara Region`s growth management strategy, Niagara 2031, which prescribes how Niagara should develop over the next 25 years.

http://www.stcatharinesstandard.ca/Article....aspx?e=1365748
 

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1208BAOR
High-speed rail line floated

Where trains once wound their way through Orillia, joggers tread along. Where railway ties were once imbedded in the ground, footfalls now leave their mark.

A high-speed electric rail system, which would link Orillia to cities in the Greater Golden Horseshoe, was proposed to the premier in a report written by a team of civil engineers at the University of Toronto, a recent Toronto Star article reported.

Orillia`s Millennium Trail, which runs through an abandoned rail corridor from the Narrows in the southeast to Highway 11 in the north, once belonged to CPR and CNR lines.

http://www.orilliapacket.com/ArticleDisplay.aspx?e=1365484
 

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1208OTWA
Feds monitor strike


Labour Minister Rona Ambrose is expected to respond as early as this week to the city`s request to force a vote among striking transit union members on the latest city offer. The federal minister and her cabinet colleague, Transport Minister John Baird, are currently evaluating the situation and what the government`s response may be to bring this strike to a conclusion, said Baird`s press secretary Chris Day.

http://www.ottawasun.com/News/OttawaAndReg...870401-sun.html
 

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1208KWCG
Long-distance review stalled by Telus appeal


CAMBRIDGE

Fixing the city`s fractured telephone districts is on hold.

Cambridge`s request that Bell Canada create a more uniform system for Cambridge has been stalled by the Canadian Radio-television and Telecommunications Commission because of an appeal by another phone company, Telus.

http://news.therecord.com/News/Local/article/464594
 

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1208ONTR
GMAC receives $5B in bailout funds


WASHINGTON – The U.S. Treasury Department said that it will provide $5 billion to GMAC Financial Services LLC, the ailing financing arm of General Motors Corp., in a move that`s expected to stave off a bankruptcy protection filing at the company but also severely limit GM`s control over it.

In exchange for the slice of the US$700 billion bank rescue package, the government will receive preferred shares that pay an 8 per cent dividend and warrants to purchase additional shares in return for the money, the department said.

http://www.wheels.ca/reviews/article/492220
 

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1208CATH
Revitalization too late for some

Promised revitalization won`t come soon enough to save several downtown businesses hit hard by a nose-diving economy.

Justin Gill will close Gifted Presence in the new year after 13 years on James Street.

"It`s the economy, for sure. We had a soft Christmas and that sort of decided things," said Gill, who, along with Pam Cook, runs the well-known gifts and home accessories store.

http://www.stcatharinesstandard.ca/Article....aspx?e=1366933
 

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1208BAOR
Lakehead looks for partner

Lakehead University is seeking bids from a private partner to build a 250-bed residence and cafeteria on the new Orillia campus in West Orillia.

The deadline for submissions is Jan. 16, 2009.

Construction of the residence and academic building on 85 acres bordering Line 15, north of Old Barrie Road is expected to begin early in 2009 and is bound to generate excitement in the community, said Kim Fedderson, dean of the Orillia campus.

http://www.orilliapacket.com/ArticleDisplay.aspx?e=1366682
 
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