Alberta Surplus Record High 2006

Alberta caught the biggest $8.7-billion surplus in history, and what do we have to show for it? Nothing really. Tax breaks? no, one time payouts that really don’t help anything, yes. Lower tuition? Hell no, that goes up and up, 2nd highest in canada is it?...

GM Shutting Down European Plants

Western European workers at General Motors are putting pressure on the US carmaker over its threat to shut an assembly plant in Portugal. Plant workers are protesting by walking off the job or laying down their tools for periods. This is a response to GMs decision to...

NO MORE GST! July 1st = 6%

An election promise is fulfilled today as the Conservative government cuts the GST (goods and services tax) down from seven per cent to six. It will be the first time in its 15-year history that the general sales tax has been lowered. Make sure you check your...

Volkswagen Increasing German Work week to 35 hours

Volkswagen says it wants to lengthen its standard working week at plants in western Germany to 35 hours without raising salaries in an effort to save jobs and remain competitive. The move – which would end a 28.8-hour working week in place since 1994 – is...

Candian Dollar Hits 28 year high – May 2006

The Canadian dollar retreated from a new 28-year high capping a strong May 2006. The loonie depreciated to 90.79 cents (U.S.), down .09 cents on the day. The loonie rose as high as 91.44 cents, its highest level since Jan. 4, 1978. Robust growth is also adding to the...