Business
2012-01-24 at 22:57
The Flying J Truck Stop proposed for Oliver Road and the Thunder Bay Expressway may still have some wind beneath its wings. At a public meeting Tuesday looking at future possible land uses in the Golf Links/Junot corridor, city development services manager Mark Smith confirmed the $7-million...
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2012-01-23 at 9:00 AM
TORONTO - BlackBerry maker Research in Motion's (TSX:RIM) co-CEOs, Jim Balsillie and Mike Lazaridis, are stepping down. The company says the pair who founded RIM will be replaced by Thorsten Heins, a chief operating officer who joined RIM four years ago from Siemens AG. Balsillie and Lazaridis...
2012-01-22 at 11:51
OTTAWA - Bank of Canada governor Mark Carney says the U.S. economy could take years to recover from its current weak state _ and may never return to its glory days.
The weakness south of the border is costing the Canadian economy $30 billion annually in lost exports, according to Carney.
...
2012-01-19 at 17:39
Bay and Algoma area merchants have shown their support for the Finlandia Club by chipping in for the hall’s renovations.
Through the sales of a 2012 Finnish calendar, featuring culture and history of Finland and the local Finnish population, the businesses raised $1,622 for the hall’s...
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2012-01-18 at 01:19
A U.S.-based technology blog has reported that South Korean electronics giant Samsung is a leading contender to buy some or all of struggling BlackBerry maker Research In Motion, but the price may be too high.
The Boy Genius Report said Tuesday that RIM's co-CEO Jim Balsillie is meeting...
2012-01-17 at 08:44
It was the home of champions, but on Thursday the former Thunder Bay Curling Club was reduced to rubble to make way for an 88-unit condominium unit. A pair of excavators moved in to begin the work at 9 a.m., to begin the demolition of both the curling club and the adjacent clubhouse, a move that is...
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2012-01-12 at NOON
TORONTO - Canadian home prices will continue to go up in 2012, although at a slower pace than they did last year, according to a quarterly report issued Thursday by one of the country's largest real-estate sales organizations. Royal LePage, which franchises brokerages across the country, predicted...
(1)
2012-01-01 at 14:09
OTTAWA - Profitable Canadian businesses are set to reap $2.85 billion in additional income tax savings in 2012, even as Prime Minister Stephen Harper complains about all the private "money sitting on the sidelines." The last of five annual corporate tax cuts took effect Sunday, reducing the...
2012-01-01 at 10:26
ALMA, Qc - Rio Tinto Alcan has locked out workers at its smelter in Alma, Que. after last-ditch contract talks collapsed Saturday and the union's contract expired at midnight.
The company announced the lockout early Sunday morning, saying plans were in place to ensure its aluminium operations...
2012-01-01 at 05:46
MONTREAL - A long, slow slide into notoriety made 2011 a sorely trying year for Jim Balsillie and Mike Lazaridis, the two men at the top of BlackBerry maker Research in Motion.
Their company — once the most valuable in Canada — has fallen very, very far in less than a year. Though...
2011-12-12 at 17:23
The town of Ignace has decided to take the next step in the process to become a host community for a nuclear waste repository. Ignace town council has decided to move forward into Phase 3 of the Nuclear Waste Management Organization's site selection process. The NWMO will now perform feasibility...
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2011-12-09 at 19:07
The five McDonald's restaurant locations in Thunder Bay have new ownership. Rob Prober has made the trip from southern Ontario to take over the local franchises. On Nov. 28, McDonald's switched hands from being corporately owned over to Prober and his partner Nicole Tremblay. Prober...
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2011-12-06 at 10:18
OTTAWA - The Bank of Canada is keeping interest rates at ultra-low levels for a while longer, warning that the economy is facing a series of shocks from around the world that will dampen growth and keep inflation in check.
The central bank's decision to keep the benchmark overnight rate...
2011-12-02 at 10:22
TORONTO - Research In Motion Ltd. expects to miss its own financial targets this year as the company books a big charge for the discounts it is forced to take because of poor sales of its PlayBook tablets.
The company, best known for creating BlackBerry smartphone devices, warned investors on...
2011-11-30 at 10:23
Construction crews will be working through the holiday season to ensure the consolidated courthouse meets its 2013 deadline.
Crews were up and working by 7 a.m. Wednesday as they continued to work toward this target. Graeme Silvera, vice-president with Plenary Justice, said it is what they...
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