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What`s Behind the Curtain?
Manitoba
2008-07
Daily Online Edition
Manitoba
2008-07
Daily Online Edition
MB Economic Fundamentals 2008-07
- Thread starter joeiannuzzi
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Hydro rates rising five percent
Hydro rates are going up five percent on Tuesday, and possibly another four percent next year, the Public Utilities Board ruled Monday.
Starting Canada Day, power users will be charged the new rate. Next April, Manitoba Hydro has the chance to appeal to the PUB for a further four-percent rate increase.
Hydro was only asking for a 2.9 percent rate hike, but the PUB went beyond that, citing higher interest and exchange rates, the looming risk of drought and the skyrocketing cost of building the Wuskawatim dam.
http://www.winnipegfreepress.com/breakingn...p-4784332c.html
Hydro rates are going up five percent on Tuesday, and possibly another four percent next year, the Public Utilities Board ruled Monday.
Starting Canada Day, power users will be charged the new rate. Next April, Manitoba Hydro has the chance to appeal to the PUB for a further four-percent rate increase.
Hydro was only asking for a 2.9 percent rate hike, but the PUB went beyond that, citing higher interest and exchange rates, the looming risk of drought and the skyrocketing cost of building the Wuskawatim dam.
http://www.winnipegfreepress.com/breakingn...p-4784332c.html
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Change is coming
Imagine someone from out of town visiting Winnipeg for the first time in the past two weeks.
Newspaper headlines and television newscasts on a daily basis have been littered with stories about new football stadium proposals, the potential of two new waterparks being built, politicians at various levels calling for the expansion of bridges throughout the city, and just for the heck of it, let`s throw in million-dollar proposals for improved green space at Central Park and the Millennium Library. How could anyone not come away thinking "Holy smokes are things ever happening in Winnipeg?"
http://www.winnipegsun.com/Business/2008/0...032001-sun.html
Imagine someone from out of town visiting Winnipeg for the first time in the past two weeks.
Newspaper headlines and television newscasts on a daily basis have been littered with stories about new football stadium proposals, the potential of two new waterparks being built, politicians at various levels calling for the expansion of bridges throughout the city, and just for the heck of it, let`s throw in million-dollar proposals for improved green space at Central Park and the Millennium Library. How could anyone not come away thinking "Holy smokes are things ever happening in Winnipeg?"
http://www.winnipegsun.com/Business/2008/0...032001-sun.html
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Canada`s credit unions in full merger mode
It`s the busiest year of mergers for Manitoba`s credit union system in more than a quarter-century and the pace is only going to quicken from here.
The pressure to reduce costs and increase efficiencies in the ultra-competitive banking sector has seen the incidence of marriages increase while the number of credit unions in the province over the last decade will have declined to 48 from 68 as of this fall. (The number of branches, meanwhile, will have increased to 180 from 163.)
Some industry observers predict when all the merger activity has shaken out, there could be just a handful of credit union banners left in the province.
Harry Bowler, CEO of Tiger Hills Credit Union, which recently finalized plans to join forces with four other southwestern Manitoba credit unions, said it`s not just smaller players feeling the need to bulk up. He pointed to Alberta, where three of the four biggest credit unions in the province -- Community Savings, Common Wealth and Servus -- have announced plans to amalgamate this November, creating a behemoth that will become the third-largest credit union in the country with nearly $10 billion in assets.
http://www.winnipegfreepress.com/local/sto...p-4784166c.html
It`s the busiest year of mergers for Manitoba`s credit union system in more than a quarter-century and the pace is only going to quicken from here.
The pressure to reduce costs and increase efficiencies in the ultra-competitive banking sector has seen the incidence of marriages increase while the number of credit unions in the province over the last decade will have declined to 48 from 68 as of this fall. (The number of branches, meanwhile, will have increased to 180 from 163.)
Some industry observers predict when all the merger activity has shaken out, there could be just a handful of credit union banners left in the province.
Harry Bowler, CEO of Tiger Hills Credit Union, which recently finalized plans to join forces with four other southwestern Manitoba credit unions, said it`s not just smaller players feeling the need to bulk up. He pointed to Alberta, where three of the four biggest credit unions in the province -- Community Savings, Common Wealth and Servus -- have announced plans to amalgamate this November, creating a behemoth that will become the third-largest credit union in the country with nearly $10 billion in assets.
http://www.winnipegfreepress.com/local/sto...p-4784166c.html
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One man`s trouble with trains
And a possible solution for the City of Portage la Prairie
I recently moved to a new apartment in the northwest end of Portage la Prairie, and while talking to someone who has lived in Portage longer than me about it, they said I was going to be living on "the wrong side of the tracks."
"I disagree," I replied at the time.
And I did — the neighbourhood I`ve moved into is beautiful. It`s nice, quiet and peaceful, especially compared to where I grew up in Winnipeg, so I just shrugged my shoulders and went on with my day.
But now, after a month, I see what my learned friend was getting at. Living north of the tracks is the wrong side, if you work south of them.
Without fail, every time I need to drive across the tracks, there is a long train blocking my path.
http://www.portagedailygraphic.com/Article....aspx?e=1095517
And a possible solution for the City of Portage la Prairie
I recently moved to a new apartment in the northwest end of Portage la Prairie, and while talking to someone who has lived in Portage longer than me about it, they said I was going to be living on "the wrong side of the tracks."
"I disagree," I replied at the time.
And I did — the neighbourhood I`ve moved into is beautiful. It`s nice, quiet and peaceful, especially compared to where I grew up in Winnipeg, so I just shrugged my shoulders and went on with my day.
But now, after a month, I see what my learned friend was getting at. Living north of the tracks is the wrong side, if you work south of them.
Without fail, every time I need to drive across the tracks, there is a long train blocking my path.
http://www.portagedailygraphic.com/Article....aspx?e=1095517
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Mayor signs on for Point Douglas stadium
Mayor Sam Katz has signed a tentative agreement to push ahead with an effort to construct a football stadium in Point Douglas.
Katz told the Winnipeg Sun this morning that he has signed the city into a "memorandum of understanding" to work with Creswin Properties Ltd. — a real estate firm linked to Canwest Global Communications Corp. and its executive vice-president David Asper — to move the city closer toward building a CFL stadium expected to cost at least $150 million in south Point Douglas.
http://winnipegsun.com/News/Winnipeg/2008/06/30/6029396.html
Mayor Sam Katz has signed a tentative agreement to push ahead with an effort to construct a football stadium in Point Douglas.
Katz told the Winnipeg Sun this morning that he has signed the city into a "memorandum of understanding" to work with Creswin Properties Ltd. — a real estate firm linked to Canwest Global Communications Corp. and its executive vice-president David Asper — to move the city closer toward building a CFL stadium expected to cost at least $150 million in south Point Douglas.
http://winnipegsun.com/News/Winnipeg/2008/06/30/6029396.html
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`All pie in the sky`
Roma Aguinaldo doesn`t want to leave her South Point Douglas home, but fears the decision may not be hers to make.
"It is very scary ... I said `No way,` " said the mother of four. Aguinaldo and her husband have lived in their 1930s-era Grace Street bungalow for nearly a quarter-century and are in the process of renovating, but it could all be in vain. David Asper`s proposal to transform the neighbourhood calls for her house -- as well as 20 others -- to be torn down to make way for a massive redevelopment.
http://www.winnipegsun.com/News/Winnipeg/2...039751-sun.html
Roma Aguinaldo doesn`t want to leave her South Point Douglas home, but fears the decision may not be hers to make.
"It is very scary ... I said `No way,` " said the mother of four. Aguinaldo and her husband have lived in their 1930s-era Grace Street bungalow for nearly a quarter-century and are in the process of renovating, but it could all be in vain. David Asper`s proposal to transform the neighbourhood calls for her house -- as well as 20 others -- to be torn down to make way for a massive redevelopment.
http://www.winnipegsun.com/News/Winnipeg/2...039751-sun.html
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Rail-rescue bid wants $3M from province
Farmers, reeves and mayors are hoping the Doer government will chip in nearly $3 million to help save a short stretch of rail line in southern Manitoba slated for demolition today.
Rapidly rising gas prices have kickstarted the rescue bid.
"We basically have this week," said Doug Collins, vice-president of the newly-formed Boundary Trail Railroad Company. "The salvage company is starting to take the line up. Time is really critical."
Called the Napinka and La Riviere lines, it`s an 80-mile stretch of track that connects Killarney to Morden and then on to the Canadian Pacific Railway mainline. The tracks are part of well over 360 kilometres of Manitoba rail lines that are in the midst of being abandoned, part of the slow disintegration of a network of shortlines that once crisscrossed the province and linked nearly every small town and grain elevator.
http://www.winnipegfreepress.com/local/sto...p-4784761c.html
Farmers, reeves and mayors are hoping the Doer government will chip in nearly $3 million to help save a short stretch of rail line in southern Manitoba slated for demolition today.
Rapidly rising gas prices have kickstarted the rescue bid.
"We basically have this week," said Doug Collins, vice-president of the newly-formed Boundary Trail Railroad Company. "The salvage company is starting to take the line up. Time is really critical."
Called the Napinka and La Riviere lines, it`s an 80-mile stretch of track that connects Killarney to Morden and then on to the Canadian Pacific Railway mainline. The tracks are part of well over 360 kilometres of Manitoba rail lines that are in the midst of being abandoned, part of the slow disintegration of a network of shortlines that once crisscrossed the province and linked nearly every small town and grain elevator.
http://www.winnipegfreepress.com/local/sto...p-4784761c.html
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Convention centre seeking money to expand
The Winnipeg Convention Centre is looking to expand and will soon be searching for public funding to do so.
WCC board chair Zivan Saper said expansion plans have been in the works for some time and a tentative design has now been developed.
"It would involve the parking lot immediately south of the Convention Centre and would basically double the size of what we have now and include a hotel," Saper said. "It would open up the third floor."
http://www.winnipegsun.com/News/Winnipeg/2...052011-sun.html
The Winnipeg Convention Centre is looking to expand and will soon be searching for public funding to do so.
WCC board chair Zivan Saper said expansion plans have been in the works for some time and a tentative design has now been developed.
"It would involve the parking lot immediately south of the Convention Centre and would basically double the size of what we have now and include a hotel," Saper said. "It would open up the third floor."
http://www.winnipegsun.com/News/Winnipeg/2...052011-sun.html
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New U of M boss wants more men on campus
There is a motherlode of potential students for Canadian universities despite declining birthrates -- which is why the University of Manitoba is "looking for men," new president David Barnard said Wednesday.
Look at any Canadian campus, Barnard said three hours into starting work as U of M`s 11th president: "There are three women undergraduates to every two men.
"I look at this as a potential 20 per cent increase in enrolment," Barnard said. "There are young men who could be coming to campus -- they`re under-represented."
http://www.winnipegfreepress.com/local/sto...p-4785235c.html
There is a motherlode of potential students for Canadian universities despite declining birthrates -- which is why the University of Manitoba is "looking for men," new president David Barnard said Wednesday.
Look at any Canadian campus, Barnard said three hours into starting work as U of M`s 11th president: "There are three women undergraduates to every two men.
"I look at this as a potential 20 per cent increase in enrolment," Barnard said. "There are young men who could be coming to campus -- they`re under-represented."
http://www.winnipegfreepress.com/local/sto...p-4785235c.html
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Point Douglas rehab may cost $200M
Mayor Sam Katz has dumped cold water on the notion an inner-city football stadium would require less public money than a new Polo Park home for the Winnipeg Blue Bombers.
Land assembly and infrastructure improvements required to place a stadium in South Point Douglas and redevelop the neighbourhood could cost $140 million to $200 million, Katz said Wednesday.
Katz`s comments suggest the project could require substantially more public funds than the $40 million proposed last week by developer David Asper.
Relocating Higgins Avenue, realigning the south end of the Disraeli Freeway and fixing the Louise Bridge could easily cost $100 million, while assembling land for the deal could cost $40 million to $100 million, Katz told reporters.
http://www.winnipegfreepress.com/local/sto...p-4785208c.html
Mayor Sam Katz has dumped cold water on the notion an inner-city football stadium would require less public money than a new Polo Park home for the Winnipeg Blue Bombers.
Land assembly and infrastructure improvements required to place a stadium in South Point Douglas and redevelop the neighbourhood could cost $140 million to $200 million, Katz said Wednesday.
Katz`s comments suggest the project could require substantially more public funds than the $40 million proposed last week by developer David Asper.
Relocating Higgins Avenue, realigning the south end of the Disraeli Freeway and fixing the Louise Bridge could easily cost $100 million, while assembling land for the deal could cost $40 million to $100 million, Katz told reporters.
http://www.winnipegfreepress.com/local/sto...p-4785208c.html
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Luck, groundwork helping airport adapt
The development of the Internet and innovative applications for its use has caused significant disruptions in many industries, but those may pale compared to the wreckage that could be caused if the cost of a barrel of oil remains so high.
The recorded music business will never be the same because of digital downloads. The newspaper industry is trying to find a way to counteract revenue slippage caused by online classified advertising and the movie and television industries are desperate to avoid the fate of the music industry.
Steve Forbes, the ultra free marketeer owner of Forbes magazine, is a glass-half-full kind of guy, but even he admitted the price of oil is wreaking havoc.
He was in Winnipeg last week to talk to MTS staff and clients about the difference between innovation and invention.
http://www.winnipegfreepress.com/subscribe...p-4785199c.html
The development of the Internet and innovative applications for its use has caused significant disruptions in many industries, but those may pale compared to the wreckage that could be caused if the cost of a barrel of oil remains so high.
The recorded music business will never be the same because of digital downloads. The newspaper industry is trying to find a way to counteract revenue slippage caused by online classified advertising and the movie and television industries are desperate to avoid the fate of the music industry.
Steve Forbes, the ultra free marketeer owner of Forbes magazine, is a glass-half-full kind of guy, but even he admitted the price of oil is wreaking havoc.
He was in Winnipeg last week to talk to MTS staff and clients about the difference between innovation and invention.
http://www.winnipegfreepress.com/subscribe...p-4785199c.html
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Too rich for this city
The Point Douglas football stadium proposal is dead in the water unless David Asper has an extra $150 million in his back pocket for expropriation and infrastructure costs. What initially looked like an interesting deal for taxpayers -- where government would contribute $40 million to a $400-million redevelopment plan for Point Douglas -- has turned into a money pit that taxpayers simply can`t afford.
http://www.winnipegsun.com/News/Winnipeg/2...063846-sun.html
The Point Douglas football stadium proposal is dead in the water unless David Asper has an extra $150 million in his back pocket for expropriation and infrastructure costs. What initially looked like an interesting deal for taxpayers -- where government would contribute $40 million to a $400-million redevelopment plan for Point Douglas -- has turned into a money pit that taxpayers simply can`t afford.
http://www.winnipegsun.com/News/Winnipeg/2...063846-sun.html
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New chamber executive director aims to get business booming
Alana Bolton wants to give chamber members more bang for their buck in terms of business solutions and opportunities for growth.
"I`m very happy to be here. I`m really looking forward to visiting the businesses around town and enhancing opportunities for them through the chamber and boosting our membership," said Bolton from her new office at the chamber located at 11, 2nd Street N.E. in Portage la Prairie.
http://www.portagedailygraphic.com/Article....aspx?e=1099131
Alana Bolton wants to give chamber members more bang for their buck in terms of business solutions and opportunities for growth.
"I`m very happy to be here. I`m really looking forward to visiting the businesses around town and enhancing opportunities for them through the chamber and boosting our membership," said Bolton from her new office at the chamber located at 11, 2nd Street N.E. in Portage la Prairie.
http://www.portagedailygraphic.com/Article....aspx?e=1099131
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Post site to cost $100M
Canada Post intends to spend $100 million building and outfitting its new mail-sorting plant at the airport -- twice as much as the initial estimate for the building alone. The design concept unveiled Thursday includes the latest in environmentally friendly building technology.
The Crown corporation also announced that Winnipeg construction company Caspian Projects will partner with the national firm Aecon Buildings on the project, slated for completion in 2010.
It will be the largest infrastructure investment Canada Post has made since it built a sorting facility in Hamilton 20 years ago.
http://www.winnipegfreepress.com/local/sto...p-4785738c.html
Canada Post intends to spend $100 million building and outfitting its new mail-sorting plant at the airport -- twice as much as the initial estimate for the building alone. The design concept unveiled Thursday includes the latest in environmentally friendly building technology.
The Crown corporation also announced that Winnipeg construction company Caspian Projects will partner with the national firm Aecon Buildings on the project, slated for completion in 2010.
It will be the largest infrastructure investment Canada Post has made since it built a sorting facility in Hamilton 20 years ago.
http://www.winnipegfreepress.com/local/sto...p-4785738c.html
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Man accused of selling fake currency
A 52-year-old Winnipeg coin collector has been accused by police of trying to pass off counterfeit Canadian coins as the real deal to a city coin dealer.
Det. Kathy Antymis of the Winnipeg police commercial crime unit said Thursday that between April 10-11 the man allegedly sold four of the coins to a collector`s shop, netting him $1,000 in the deal.
Police said the man returned to the store with an unidentified accomplice on June 23 and tried to sell more of the coins to the dealer, who had caught on to the scam and called the two on it. Both men fled the store, but the 52-year-old was arrested four days later.
http://www.winnipegfreepress.com/local/sto...p-4785672c.html
A 52-year-old Winnipeg coin collector has been accused by police of trying to pass off counterfeit Canadian coins as the real deal to a city coin dealer.
Det. Kathy Antymis of the Winnipeg police commercial crime unit said Thursday that between April 10-11 the man allegedly sold four of the coins to a collector`s shop, netting him $1,000 in the deal.
Police said the man returned to the store with an unidentified accomplice on June 23 and tried to sell more of the coins to the dealer, who had caught on to the scam and called the two on it. Both men fled the store, but the 52-year-old was arrested four days later.
http://www.winnipegfreepress.com/local/sto...p-4785672c.html
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The ghosts of multiplexes past
The City and the Rural Municipality of Portage la Prairie made big news recently, with both councils approving a plan to build a recreation complex at the exhibition grounds on the Island.
But, as anyone who has lived in this community for the past 40 years knows, there is nothing new about the idea of building a sports facility on the island.
In 1974, the city and the RM partnered up and began planning to build a recreation centre on more than 17 hectares of land on a corner of the exhibition grounds, just southeast of the Portage Golf Club. If it hadn`t been for a referendum held late the next year, the City of Portage would already have a multiplex on the Island.
"We took it to the people, and they told us they didn`t want it at that time," remembered Bill Linden, who was a city councillor during the sportsplex planning stages in 1975.
Linden said the main issue people had against the complex at that time was the estimated price, which was $4.2 million, a far cry from the $35.7 million the project is expected to cost today.
http://www.portagedailygraphic.com/Article....aspx?e=1100994
The City and the Rural Municipality of Portage la Prairie made big news recently, with both councils approving a plan to build a recreation complex at the exhibition grounds on the Island.
But, as anyone who has lived in this community for the past 40 years knows, there is nothing new about the idea of building a sports facility on the island.
In 1974, the city and the RM partnered up and began planning to build a recreation centre on more than 17 hectares of land on a corner of the exhibition grounds, just southeast of the Portage Golf Club. If it hadn`t been for a referendum held late the next year, the City of Portage would already have a multiplex on the Island.
"We took it to the people, and they told us they didn`t want it at that time," remembered Bill Linden, who was a city councillor during the sportsplex planning stages in 1975.
Linden said the main issue people had against the complex at that time was the estimated price, which was $4.2 million, a far cry from the $35.7 million the project is expected to cost today.
http://www.portagedailygraphic.com/Article....aspx?e=1100994
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Lobby group`s dig at city
Members of the Winnipeg Rapid Transit Coalition tried to recreate history Friday in an attempt to raise awareness for rapid transit.
VIDEO: Transit coalition `starts` corridorhttp://http://www.winnipegfreepress.com/multimedia/index.html The group re-enacted the famous Last Spike event of 1885 -- a costumed dignitary began shovelling a transit path near Confusion Corner, in a similar pose as the famous photograph of Donald Alexander Smith completing construction of the Canadian Pacific Railway.
http://www.winnipegfreepress.com/local/sto...p-4786202c.html
Members of the Winnipeg Rapid Transit Coalition tried to recreate history Friday in an attempt to raise awareness for rapid transit.
VIDEO: Transit coalition `starts` corridorhttp://http://www.winnipegfreepress.com/multimedia/index.html The group re-enacted the famous Last Spike event of 1885 -- a costumed dignitary began shovelling a transit path near Confusion Corner, in a similar pose as the famous photograph of Donald Alexander Smith completing construction of the Canadian Pacific Railway.
http://www.winnipegfreepress.com/local/sto...p-4786202c.html
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Unfair school tax levied on cottages
Cottage owners pay school taxes, but they are unable to send their children to cottage country schools and they cannot vote for trustees, as a cottage is only recognized as a secondary residence.
However, they still have the burden of paying the same amount of school taxes as permanent residents based on the assessed value of a property. Another disadvantage is that permanent residents can claim the provincial property tax credit, but it doesn`t apply to a secondary property.
In cottage country, school taxes are often significantly higher than municipal taxes. Cottagers understand taxes are required to pay for municipal services that are part and parcel of the pleasure of owning a recreational property. On the other hand, cottagers are not using the services of the local school division nor can they suggest to boards how their tax dollars should be used.
http://www.winnipegrealestatenews.com/Editorials.aspx?id=98
Cottage owners pay school taxes, but they are unable to send their children to cottage country schools and they cannot vote for trustees, as a cottage is only recognized as a secondary residence.
However, they still have the burden of paying the same amount of school taxes as permanent residents based on the assessed value of a property. Another disadvantage is that permanent residents can claim the provincial property tax credit, but it doesn`t apply to a secondary property.
In cottage country, school taxes are often significantly higher than municipal taxes. Cottagers understand taxes are required to pay for municipal services that are part and parcel of the pleasure of owning a recreational property. On the other hand, cottagers are not using the services of the local school division nor can they suggest to boards how their tax dollars should be used.
http://www.winnipegrealestatenews.com/Editorials.aspx?id=98
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Rising gas prices could impact number of trips to cottage
The convenient one-hour drive to its beaches is probably the reason Lake Winnipeg cottage country remains one of the most attractive summer get-aways for young families and retirees. Other more distant Canadian recreational areas are losing some of their lustre to cottage owners, according to a new Royal LePage report.
The 2008 Royal LePage Recreational Property Report, found that the lure of the great outdoors and promise of rest and relaxation continue to trump rising gas prices, increased traffic congestion and a changing real estate climate, as the number of Canadian cottage owners has remained steady over the past three years, at nine per cent. However, reason and a need to mind the bank account is likely to outweigh passion this summer, as 19 per cent of cottage owners said they would consider selling their properties if gas prices continue to rise, an increase of seven per cent since last summer.
The poll also revealed that 33 per cent of recreational property owners said that rising gas prices would impact the number of trips they take to the cottage this summer.
http://www.winnipegrealestatenews.com/Editorials.aspx?id=96
The convenient one-hour drive to its beaches is probably the reason Lake Winnipeg cottage country remains one of the most attractive summer get-aways for young families and retirees. Other more distant Canadian recreational areas are losing some of their lustre to cottage owners, according to a new Royal LePage report.
The 2008 Royal LePage Recreational Property Report, found that the lure of the great outdoors and promise of rest and relaxation continue to trump rising gas prices, increased traffic congestion and a changing real estate climate, as the number of Canadian cottage owners has remained steady over the past three years, at nine per cent. However, reason and a need to mind the bank account is likely to outweigh passion this summer, as 19 per cent of cottage owners said they would consider selling their properties if gas prices continue to rise, an increase of seven per cent since last summer.
The poll also revealed that 33 per cent of recreational property owners said that rising gas prices would impact the number of trips they take to the cottage this summer.
http://www.winnipegrealestatenews.com/Editorials.aspx?id=96