April 12th, 2014 | Comments (0)
The minority Liberals have put together another panel. This one will be led by TD Bank president Ed Clark and will look at ways to get better returns for taxpayers from government assets like the LCBO. Finance Minister Charles Sousa says the panel will consider things like coporate mergers and public private partnerships. The provincial government is currently facing a $11.3 billion deficit.
April 11th, 2014 | Comments (0)
Gas prices are expected to rise another two cents a litre tonight. They also jumped two cents last Friday and again earlier this week for a total hike of six cents in a week. Dan McTeague from Tomorrow’s Gas Prices Today dot com says this increase is a bit of a puzzler. “One would of expected that starting a week ago refiners in the U.S. and Canada would’ve been revving up their production levels, McTeague said. “But they’re still at 88 or 87 per cent with a lot of slack in the system and that’s part of the reason why speculators are betting the prices are going to go higher.” McTeague says if you need gas to fill up before midnight or hold off until Sunday evening.
April 10th, 2014 | Comments (0)
A daycare head-quartered in Mississauga is suing the Ministry of Education. Tiny Town Daycare filed court documents against the ministry that includes allegations of intent to defraud, defamation, collusion and conspiracy. The company is also accusing the ministry of making false allegations related to inspections. Tiny Town is asking for $26 million in damages. The fraud investigation firm FSI Fraud is inviting other daycare operators to come forward.
April 9th, 2014 | Comments (0)
You might have trouble e-filing your taxes. The Canada Revenue Agency’s website has currently shutdown online access to the public. They say it’s to protect the security of the taxpayer and won’t be fixed until the services can be restored in a manner that ensures they are safe and secure. In a statement released by the agency they say “We have received information concerning an Internet security vulnerability named the “Heartbleed Bug.” CRA agents say they expect to have the online service back up and running over the weekend.
April 9th, 2014 | Comments (0)
Almost 500,000 vehicles have been recalled by Toyota in Canada, due to fire concerns bacause of a faulty engine starter. The automaker says it covers about 30 models from April 2004 through August 2013. The Pontiac Vibe and Subaru Trezia were also manufactured at the plant where the recalled vehicles were made.
April 9th, 2014 | Comments (0)
Toyota has issued a major global recall of nearly 6.4-million vehicles. The recall spans 27 models, as well as the Pontiac Vibe and Subaru Trezia. No injuries or crashes have been reported, but two fires have been linked to a defective engine starter. There are a number of problems spurring the recall.
April 8th, 2014 | Comments (0)
Oshawa PUC responded to complaints about power outages at a meeting of city council Monday night. Mayor John Henry says a number of residents, specifically from south Oshawa, have said they lose power too often. Henry says they learned that things like tree limbs and squirrels can often cause unplanned outages. Council voted in favour of requesting a report from PUC on any outage lasting more than 5 minutes in 2013.
April 7th, 2014 | Comments (0)
According to the latest Bank of Canada survey, executives are more willing to hire. Results from a study on business setiment shows hiring intentions at are their highest level in nearly two years. It also found more firms are seeing increases in orders both at home and abroad, and have seen their sales grow in the past year.
April 6th, 2014 | Comments (0)
After a sluggish winter, things are heating up in the Durham real estate market. March saw a nearly 50% increase in home sales from February. President of Durham Region Association for Realtors Jane Hurst says homes took an average of 18 days to be sold with the average selling price at $380,000. Hurst also says that things are looking a lot better than this time last year and that things continue to look good for the rest of the year.
April 5th, 2014 | Comments (0)
42,000 Mazda 6′s are being recalled because of a problem with spiders. It’s the second time that the Yellow Sac Spider has apparently blocked vent hoses with its webbing causing fuel tanks to crack. In 2011 Mazda issued a recall for a similar problem, but the spiders found a way around the fix. The automaker will update the software within the cars to prevent fuel tank pressure from building up.
April 4th, 2014 | Comments (0)
Canada’s economy showed signs of thawing out from a long, bitter winter. An unexpectedly high 43,000 new jobs helped shave the unemployment rate to 6.9 per cent – matching a post-recession low. Canadian Labour Congress, Senior Economist, Angella MacEwen says the news is positive, but they still need the government to help by collecting more detailed information. The Canadian jobs gain, although mostly part-time, was about double what economists had anticipated. The vast majority of jobs created went young people, a group that’s been mostly left behind during the recovery from the 2008-09 recession.
April 3rd, 2014 | Comments (0)
Former Deputy Premier and Finance Minister Dwight Duncan is optimistic about Ontario’s economic future. He spoke to the Greater Oshawa Chamber of Commerce on Thursday. Duncan thinks although the province does have it’s challenges, we shouldn’t be phased by the recently released gloomy economic forecast. “The last time we released a long term document like that with 20 year projections was about two years before what turned out to be the greatest recession since the Great Depression and it wasn’t predicted. Any economic forecasting of that natures that goes mcuh beyond a year is really guessing.” Duncan believes the greatest concern in the province and across the country is productivity. He says part of the solution is dealing with roads and public transit in the GTHA. Duncan is confident Ontario will be able to handle the economic challenges ahead and says Oshawa is great example of why. “[They are] moving away from the traditional manufacturing into education, healthcare, energy and the answer for these challenges and the productivity challenges, it’s not going to come from [the] government. It’s going to come from people…all over the province and the country.” Duncan says focusing on the fundamentals is the solution and adds it’s also important for Ontario to make good investments in both public and private sectors.