Results for Canada
- U.S. Steel Canada May Become Independent Again
The 100-year-old steel maker once known as Stelco Inc. may become independent again after United States Steel Corp. gave up on trying to restructure the company it purchased in 2007, The Globe and Mail reported. U.S. Steel Canada Inc., possessing the ...
Daily Headline - global.abi.org - 10/07/2015 - 20:35 - 0 comments
- Personal Insolvency Filings In Alberta Up 28 Per Cent From 2014
The number of consumer insolvencies in Alberta jumped almost 30 per cent in July from year-ago levels, reports the Office of the Superintendent of Bankruptcy Canada, The Calgary Herald reported. Statistics released Wednesday reveal 824 insolvency fil ...
Daily Headline - global.abi.org - 09/30/2015 - 22:10 - 0 comments
- Canada’s Liberal Party Unveils Fiscal and Economic Platform as Election Looms
Canada’s Liberal Party, which has positioned itself with a legitimate shot to win the country’s Oct. 19 election, unveiled Saturday its fiscal and economic platform in an effort to counter claims from rivals that its campaign promises pose a danger to th ...
Daily Headline - global.abi.org - 09/27/2015 - 21:42 - 0 comments
- Retirees, Employees Seek Court Order To Halt U.S. Steel Production Move
Salaried employees and retirees of U.S. Steel Canada Inc. want the Ontario Superior Court to order the steel maker’s parent to halt any moves to shift steel production out of Canada until after a mediation session, The Globe and Mail reported. A plan ...
Daily Headline - global.abi.org - 09/21/2015 - 22:36 - 0 comments
- U.S. Steel Canada Seeks Extension Of Restructuring Protection
U.S. Steel Canada Inc. will seek a court order to continue restructuring under court protection beyond this year, the company said Thursday, the Financial Post reported on a Canadian Press story. The former Stelco Inc., purchased by U.S. Steel in 200 ...
Daily Headline - global.abi.org - 09/20/2015 - 20:54 - 0 comments
- Canadian Household Debt Levels Hit Record High
Household debt in Canada hit a record high in the second quarter, as borrowing accelerated at a quicker pace than after-tax income growth, the Wall Street Journal reported today. The bulk of the new borrowing was for mortgages as consumers took advan ...
Daily Headline - abi_admin - 09/14/2015 - 12:33 - 0 comments
- What Does the Ontario Retirement Pension Plan Announcement Mean for Your Organization?
On August 11, 2015, the Ontario government made additional announcements regarding the Ontario Retirement Pension Plan, expected to be introduced in 2017. Ontario continues to move forward with its commitment to introduce the ORPP in order to provide a p ...
Resource Article - abi_admin - 09/09/2015 - 13:15 - 0 comments - 0 attachments
- Indalex Pension Decision Considered by Ontario Court of Appeal
Following the 2013 Supreme Court of Canada decision in Sun Indalex Finance, LLC v. United Steelworkers , creditors and their advisors have been closely following jurisprudence which considers the scope of the decision. In this Osler Update, Kevin Morl ...
Resource Article - abi_admin - 09/09/2015 - 12:59 - 0 comments - 0 attachments
- Canada's Pascan Aviation Files For Creditor Protection
Pascan Aviation (P6, Québec) has filed for creditor protection under Canada's Companies' Creditors Arrangement Act (CCAA). Similar to a US Chapter 11 bankruptcy filing, the move will allow the distressed carrier to continue operating while rest ...
Daily Headline - global.abi.org - 09/03/2015 - 23:32 - 0 comments
- Canada Officially In A Recession As GDP Shrinks 0.5% In Second Quarter
Tuesday after Statistics Canada reported that the Canadian economy shrank at an annual rate of 0.5 per cent in the second quarter, following a 0.8 per cent decline (revised from an earlier figure of 0.6 per ... the second quarter ended with a strong handoff — GDP grew by 0.5 per cent in June, the strongest ...
Daily Headline - global.abi.org - 09/01/2015 - 19:50 - 0 comments