3 hours ago
TORONTO — Ontario is refusing to lower its levies on alcohol as it moves towards tax harmonization and may also increase the cost of buying a privately sold used car.
Under its deal with Ottawa, Ontario is supposed to standardize its eight per cent provincial tax on products and services as it merges the [...]

The numbers are in….and Canada’s economy is in big trouble. It shrank 0.7 per cent in January, in line with expectations from economists and a slight improvement over December, when economic output plunged a full 1 per cent.
No one is celebrating: The decline marks the sixth consecutive monthly contraction in the economy, with gross domestic [...]

BERTRAND MAROTTE
Globe and Mail update
March 31, 2009 at 2:22 PM EDT
CAE Inc. plans to invest up to $714-million over the next five years in an ambitious research and development program aimed at expanding the company’s role in flight simulation and training, as well as diversifying into other areas.
Montreal-based CAE said today the federal government [...]

TARA PERKINS
Globe and Mail Update
March 31, 2009 at 9:49 AM EDT
Prime Minister Stephen Harper gave Canadian banks some unsolicited advice on the pages of the Financial Times Tuesday, saying that they should capitalize on the relative strength of their balance sheets by acquiring assets abroad.
“I’m not going to try running banks, but I hope [...]

BRENT JANG
Globe and Mail Update
March 31, 2009 at 3:11 PM EDT
Air Canada has made another key appointment that it hopes will help it stave off filing for bankruptcy protection as new president and chief executive officer Calin Rovinescu prepares to streamline the company.
The appointment of Duncan Dee as chief operating officer is seen as [...]