Canada slips in world competitiveness ranking
Canada has slipped three spots in a ranking of the worlds most competitive countries, with taxation and labour markets among the countrys weakest aspects, according to a report released Tuesday by the World Economic Forum.
Canadas tax rates and regulations were the two most problematic business factors, the survey found. Inefficient government bureaucracy and restrictive labour regulations were also cited.
Canadian economic competitiveness dropped to 16th place from last years 13th position, placing it between Israel and Austria in the latest report, issued from Geneva, Switzerland.
More : ctv.ca
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Canada dollar slips on commodities, Fed concerns
The Canadian dollar crept lower in a narrow range on Monday as weaker commodity prices prompted selling versus a U.S. dollar bolstered by expectations that the new head of the U.S. Federal Reserve could signal continued interest rate hikes.
Bond prices rose moderately, helped by weak Canadian stocks.
The currency finished at C$1.1557 to the U.S. dollar, or 86.53 U.S. cents, down from C$1.1538 to the U.S. dollar, or 86.67 U.S. cents, at Friday's close.
With no economic data to chew on, the market looked ahead to events later in the week, trimming their Canadian dollar positions
Weyerhaeuser cutting operations in Canada, U.S.
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The Federal Way, Wash., company (TSX:WYL) (NYSE:WY) said it will permanently close one of two paper machines at its Dryden, Ont., pulp and paper mill. The closure will cost 80 of the mill's 795 employees their jobs.
Weyerhaeuser also said its Prince Albert, Sask., paper and pulp mill will cease production of paper permanently at the end of December.
Pulp production will continue until spring to minimize the risk of damage from cold weather.
The mill,
Canada taps tough-to-obtain oil
With crude oil selling for over $70 a barrel, costly development of unconventional oil supplies finally appears viable.
Canada, already the United States No.1 source of imported oil, is moving forward with plans to massively expand production of oil from giant tar-like deposits in the countrys West called oil sands.
For the United States, Canadian oil sands offer the hope of supply help from a nation far friendlier and more politically stable than traditional Middle Eastern outlets.
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Blue-line injuries have Team Canada on prowl
As Team Canada’s blue line quickly transforms into Club Chaos, Dan Boyle and Jay Bouwmeester are playing the waiting game.
With injury concerns lingering over Ed Jovanovski, Scott Niedermayer and Bryan McCabe, either Boyle or Bowmeester may get the last minute call to represent their country in Turin.
The clock is ticking, and Team Canada officials know it. Well aware that Canada’s opening game is less than three weeks away, Hockey Canada president Bob Nicholson, Team Canada executive director Wayne Gretzky and the rest of the management and coaching
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Canadians across the country are missing work to watch the early morning World Cup games, rooting for France, Brazil, Argentina -- any nation but their own.
Canada failed to qualify for the 2006 FIFA World Cup, and has only made it to the tournament once, in 1986. The team played three games and lost every one, never scoring a single goal.
Trinidad and Tobagos population is smaller than Montreal, yet their team is competing in Germany, holding Sweden to a draw and almost doing the same to England on Thursday.
But wheres Canada?
The team is
