CAE to take at least 10 years to pay loans

Article Abstract:

CAE Inc., a Toronto, Canada-based aerospace company, said it will take at least 10 to 15 years for it to repay federal government loans worth C$37 million. CAE, which enjoyed four straight years of record profits, is among a dozen aerospace firms in Canada that have large outstanding loans which they received under the now-defunct Defence Industry Productivity Program. The company reported a profit of C$70 million for fiscal 1998, which ended March 31, 1998. CAE president and CEO John Caldwell said the firm had no intentions of speeding up repayment of the loans.

Comment:

Aerospace co says it will take at least 10 to 15 years for it to repay federal government loans worth C$37 mil

Canada, Financial management, Guided Missile and Space Vehicle Manufacturing, Missiles & Spacecraft, Missiles, Spacecraft, CAE Inc.

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Rumours send Midland to new high

Article Abstract:

Midland Walwyn Inc., a Toronto, Canada-based brokerage, saw its stock reached an all-time high on the Toronto Stock Exchange (TSE) due to takeover talks. The company refused a TSE request to make a public comment on persistent takeover speculation. Investors and analysts believe that the most likely suitors are Salomon Smith Barney, the securities arm of New York-based Travelers Group Inc., and New York investment dealer Merrill Lynch & Co. Inc. The purchase price is expected to be C$31 or C$32 a share, which would value the deal in the C$1.2-billion range.

Comment:

Sees its stock reaches an all-time high on the Toronto Stock Exchange due to takeover talks

Asset sales & divestitures, Securities Dealers, Investment Banking and Securities Dealing, Ontario, Midland Walwyn Inc.

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Trouble in Alberta mill town highlights cross-border differences

Article Abstract:

Welwood of Canada Ltd. human resources manager Peter Lanosky says the existing strike in the company's pulp and sawmill in Hinton, Alberta, underscores the cultural differences of Canadian and US workers. Lanosky says that simple work disputes such as that encountered in the Hinton mill are easily resolved in the US. Lanosky observed that Canadian workers are more militant and more ready to resort to a strike action.

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