TMCnet News
PRESS DIGEST - Canada - Jan 7, Jan 07, 2009 (Reuters via COMTEX) -- The following are top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy. THE GLOBE AND MAIL: - Canada's telecom regulator will force the cellphone industry to upgrade the country's 911 system, which has fallen behind other parts of the world and may be contributing to deaths involving wireless calls for help. - Air Canada is conducting an internal review of how it responded after winter storms led to widespread cancellations and delays during the holidays, dragging down the airline's performance to 59 per cent of flights arriving on time in December. Report on Business Section - Finance Minister Jim Flaherty is looking to jump-start the commercial paper market, a move that could involve using the federal treasury if that's what takes to get markets working again. - The financial troubles of a 70-year-old auto parts supplier have prompted a dispute between the Canadian Auto Workers and General Motors Corp, that includes a union blockade of one of the parts maker's plants. The difficulties at privately held SKD Automotive led GM to terminate its contracts with the parts maker in late December and send moving trucks to SKD's Brampton, Ont., plant to remove the equipment that makes parts for GM's Hummer sport utility vehicles and passenger cars assembled in Fairfax, Kan. NATIONAL POST: - A military court heard Tuesday that at least one witness saw a captain in the Canadian Forces shoot and kill a "severely wounded" and unarmed insurgent beating back an ambush in October. - An anti-Israel resolution by the Ontario wing of Canada's largest union is unfair and inconsistent but it is not anti-Semitic, according to academics. - The federal government appears to have missed a key legislated greenhouse-gas emissions. Moreover, the failure of the federal government to meet the deadline could end up costing the beleaguered auto industry money and lost jobs. Financial Post Section: - Finance Minister Jim Flaherty said Tuesday the coming Jan. 27 budget is expected to address concerns regarding access to credit, through measures analysts say could see taxpayers exposed to new market risks. - For the first time, Canadians bought more automobiles from Asian and European automakers than from American ones last year. Toyota Motor Corp, Volkswagen AG and other overseas-based automakers snared 51.9 percent of the market, besting the Detroit-based manufacturers which suffered their worst share loss since 2001, according to DesRosiers Automotive Consultants. Keywords: PRESS DIGEST/CANADA (Compiled by Bangalore Equities Newsdesk +91 80 4135 5800; within U.S. +1 646 223 8780) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. MMMM |