Onex proposal finds favour in Ottawa

Article Abstract:

The proposal by Onex Corp to acquire and merge Air Canada and Canadian Airlines International Ltd has gained the support of Canada's federal government. Ottawa has earlier adopted a hands-off policy but expressed concerns about the antitakeover defense strategies being launched by Air Canada such as delaying the shareholder meeting on the proposal until Jan 7, 2000. The goverment suspended competition rules for the airlines industry for 90 days to allow the deal to push through.

Asset sales & divestitures, Acquisitions & mergers, Scheduled Airlines, Scheduled Air Transportation, Financial Holding Companies, Offices of Bank Holding Companies, Airlines, Air Canada International Ltd.

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Bureaucrat laments lack of innovation in business

Article Abstract:

Industry Canada Deputy Minister Peter Harder regrets that Canadian businesses are not as innovative as the companies in the US and Mexico. Harder believes Canadian firms must make the most of Canada's advantages.

United States, Production management, Mexico, Management-Creativity, Business, Innovations, Beliefs, opinions and attitudes, Public opinion, Business creativity, Harder, Peter

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Firms upbeat about future, survey shows

Article Abstract:

The issue of labor shortage for manufacturing sector, in Canada, is discussed. The survey results of Bank of Canada are presented.

Manufacturing industry, Manufacturing industries, Surveys, Labor market, Labour market

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