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Ontario Economic Fundamentals

Citizen group wants new nuclear plant built at Bruce Power

TIVERTON

A citizens group wants to bring another nuclear generating station to the Bruce site near Kincardine.

The province has decided it needs a new plant, and the new group wants to convince decision-makers that Bruce is the best spot for it, said Doug Mullaly of Citizens for Bruce C.

The site has an experienced workforce and strong track record, and a mail-in campaign launched this week will show it has community support as well, Mullaly said.

http://news.therecord.com/News/Local/article/344299
 
U.S. slump starting to take toll in Canada

As odd as it might seem, Canada could end up feeling a worse downdraft from the housing-led U.S. slump than the United States itself.

The tremendous drag on this export-dependent nation from the U.S. slowdown is beginning to neutralize our fabled strong domestic demand while the more varied U.S. economy continues against all odds to hold its head above water.

While data on U.S. and Canadian GDP could not have been mushier Wednesday -- skewed as they were by snowstorms, new holidays and inventory swings -- it is quite possible growth could be stronger in the United States than Canadian in the first quarter.

http://www.financialpost.com/money/story.html?id=483017
 
GTA middle class struggles

The gap between the rich and poor widened, and new immigrants continued to lose ground while middle income earners struggled to keep pace, according to the 2006 Canadian census released yesterday.

Nowhere are these national trends more pronounced than in the Toronto area, home to the country`s largest percentage of new immigrants.

http://www.thestar.com/Canada/Census/article/420670
 
A quintessential middle-class community

Welcome to Milton, the middle kingdom. A town that still boasts a mill pond.

A place where would-be residents can choose between homes with verandas on Court St. or subdivision living near big box stores.

Thirty minutes from Toronto, its backyard is the Niagara Escarpment.

"It`s small enough that it feels like a small town, but there`s everything here that you need," said Holly Young who, with husband Shawn and their 11-month-old daughter Makayla, moved here last fall.

http://www.thestar.com/Canada/Census/article/420650
 
Nortel widens loss to $138M on restructuring

Nortel Networks Corporation has widened its first-quarter loss to US$138 million from US$103 million a year ago on restructuring costs, foreign exchange rates and a patent lawsuit settlement.

Revenue rose 11 per cent to US$2.76 billion, up from US$2.48 billion, boosted by deferred sales associated with a contract in an LG-Nortel joint venture.

http://www.thestar.com/Business/article/420750
 
320 jobs cut at west-end plant

A Quebecor World Inc. plant in Toronto that printed the now-defunct Canadian Tire catalogue is cutting hundreds of jobs as part of the struggling commercial printer`s three-year restructuring.

About 320 workers will lose their jobs over the next four weeks as the press room is closed at the plant, at Islington Ave. and Highway 401. The facility produces retail flyers and catalogues and binds directories. Only 60 workers will remain in the plant`s binding operations.

http://www.thestar.com/Business/article/420585
 
Cut wages or lose your industry, Magna warns automakers

TORONTO - Canadian auto-parts magnate Frank Stronach took aim yesterday at one of the last relics of North America`s manufacturing golden age -- wages for auto workers that he said are still too high and threaten the future of the continent`s car industry.

"There`s still a bit of a damn-you attitude" on behalf of labour, Mr. Stronach told reporters after the annual meeting of Magna International Inc., which he leads as chairman and founder. "Companies have to change. The unions have to change. Because otherwise there won`t be an industry. It`s as simple as that."

http://www.canada.com/ottawacitizen/news/b...b0-94dbabe5f380
 
Plan calls for superhighway at Detroit-Windsor border

WINDSOR, Ont. - Canada`s major automakers praised the federal and provincial governments yesterday for their plan to build a new highway through Windsor, Ont., to the U.S. border.

The $1.6-billion new border route will bypass congested traffic that had been threatening the $110 billion in annual trade that companies do across the border, said the Canadian Vehicle Manufacturers` Association. The plan called for a below-grade, six land freeway connecting Highway 401 to a new border crossing yet to be determined.

http://www.canada.com/ottawacitizen/news/b...24-ecf60a693c17
 
Homes unscathed

Ottawa`s housing market has remained rock solid through a year of economic uncertainty, reflecting a provincial and nationwide trend.

Despite fluctuation in the stock markets and volatility in the manufacturing sector, coupled with the economic downturn and housing crash experienced in the U.S., a new national survey finds Ontario`s housing market remains strong. PRICES INCREASED

http://www.ottawasun.com/Money/2008/05/01/5436076-sun.html
 
Local economy transforming

Windsor`s economy is in transition from manufacturing and construction trades to health and financial services, data released Thursday from the 2006 Census shows.

The metropolitan area, that includes Windsor and its suburban neighbours, shed 17.3 per cent of its manufacturing and construction jobs from 2000 to 2005. But employment in finance and insurance grew by 18 per cent and public administration careers jumped 26 per cent. The economy had a net loss of 2,890 jobs, leaving 91,915 full-time workers.

http://www.canada.com/windsorstar/news/sto...21-0219faaccdb8
 
Homeowners resigned to defeat

It will cost $300 million to buy out or expropriate approximately 500 residential and business property owners along the border crossing route proposed Thursday by the Detroit River International Crossing group.

Fausto Natarelli, a provincial representative on DRIC, said $300 million was budgeted for the project, and about 40 property claims have already been settled.

http://www.canada.com/windsorstar/news/sto...b4-cf60963cadef
 
Auto sales soared in April

The Canadian automotive industry scored one of its best sales months ever in April, selling 3.7 per cent more cars and trucks even as sales continued to slump to a 15-year low in the U.S.

Chrysler Canada celebrated its 21st consecutive monthly sales increase -- up by eight per cent over the same month last year -- while Ford`s Canadian sales slipped 4.5 per cent and General Motors dropped 13.5 per cent.

http://www.canada.com/windsorstar/news/bus...d4-95cb58c12a75
 
Hamilton poised for global greatness

Hamilton can`t help but prosper given its location in the midst of one of the world`s most powerful economic engines, says urban studies guru Richard Florida.

"I think Hamilton, in the context of the greater Toronto explosion, has already turned a corner.... You can`t help but be part of a boom, you can`t really miss," said the high-profile University of Toronto professor famous for developing the concept of the "creative class" fuelling the growth of cities.

http://www.thespec.com/News/Local/article/363077
 
Another building may have to go

Another building on King William Street just a few doors down from the fallen Balfour building faces an uncertain future as engineers have been called in to assess its integrity.

The Laborers` International Union of North America (LIUNA), owner of the vacant building at 33-35 King William St., has been given an order by Hamilton building officials to submit an engineer`s report.

http://www.thespec.com/News/Local/article/363105
 
Region`s wallets fatten

Wallets grew fatter in cities across the London region over the half decade to 2005, the latest national census shows.

The only exception was in Chatham-Kent, where family and individual incomes fell slightly, inflation-adjusted 2006 census figures indicate.

Across Canada, the rich got richer and the poor, poorer. But in London, the rich didn`t get quite as much richer and the poor not as much poorer. Analysts suggested London -- it had a median family income of $68,648 -- is doing fine compared to other Ontario centres, including measurements that take account of low-income people.

http://lfpress.ca/newsstand/News/Local/200...450591-sun.html
 
Region asserts control of cop HQ; Council votes to form committee to oversee plans for NRP buildings

Regional council asserted control over controversial plans for new police buildings Thursday, voting to hire a project manager and form a special oversight committee.

Niagara`s police services board has already approved a long-term accommodations strategy. It also invited area municipalities to submit expressions of interest to host a proposed new police headquarters.

But Thursday, regional staff recommended all ongoing plans for future police buildings be referred to a new committee of regional staff and police service board members.

http://www.stcatharinesstandard.ca/Article...THEW+VAN+DONGEN
 
Developer wraps up its case

The Ontario Municipal Board hearing into a controversial plan to revamp Port Dalhousie`s commercial core is shifting gears.

The legal team for the developer - Port Dalhousie Vitalization Corp. - has wrapped up its case after 10 weeks of testimony.

PDVC lawyer Mark Noskiewicz finished questioning his final witness, architect and urban designer Robert Glover, Thursday morning

http://www.stcatharinesstandard.ca/Article....aspx?e=1010815
 
Protests mean Hampton Inn won`t open in September, developer says

A developer will try again today to get onto the site of his hotel project in the city`s northwest industrial park after native activists kept a construction crew at bay for another day.

"I was not successful in getting any work done because the protesters were barricading the site since the early morning, but we will keep watching for opportunities to get on," Danny Bawa, of the Toronto-based family owned Bawa Hotels Canada, said late Wednesday. On Tuesday, Bawa vowed to end four months of delay caused by Six Nations Confederacy activists and restart construction of the $10-million, 84-room Hampton Inn Hotel at Oak Park Road and Fen Ridge Court, just south of Highway 403.

http://www.brantfordexpositor.ca/ArticleDi...el-Allan+Marion
 
Another business hit by scam

Another business has been stung by the quick-change scam artists working the area.

This time a business on King George Road was the victim, a Brantford police spokesman said.

There have been five such incidents in the city in the past week and Brant OPP say a gas station in Brant County was hit by the fraudsters last week.

http://www.brantfordexpositor.ca/ArticleDi....aspx?e=1009858
 
Trent-Severn a boon for tourism; `People like to be along the water`

With 146,692 boats travelling through its locks in 2007 and an estimated 1.3 million land-based visitors, there`s no denying the Trent-Severn Waterway is a powerful tourist draw for communities along its 386-kilometre length.

A report released Monday by the Panel on the Future of the Trent-Severn Waterway states economic activity from permanent and seasonal residents alone approaches $1 billion.

It`s an asset that doesn`t escape the notice of Helen Lovekin, spokesperson with the Ontario Tourism Marketing Partnership Corporation.

http://www.orilliapacket.com/ArticleDispla...Courtney+Whalen
 
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