Ottawa's housing market red hot

Article Abstract:

Canada Mortgage and Housing Corp. forecasts that sales of existing homes in Ottawa would jump 15% in the year 2000. This is the largest ever increase in sales of any metropolitan region. In the first six months, sales increased to 11% in 1999, which was 19% higher than in 1998. High tech executives, who earlier lived mainly near their place of work, in the city's suburbs, are increasingly moving into the established neighborhoods, which were once the preserve of senior bureaucrats and university professors. The residents tell stories of prospective buyers, pockets bulging with the proceeds from stock options, knocking on the doors and asking owners if they want to sell. The high tech executives moving to Ottawa do not want to live in the suburbs. They want inner city living with all its amenities. They come from overseas or the US and want the sophistication of an established, heterogeneous community.

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U.S. to enforce defence, aerospace export controls

Article Abstract:

The US government will enforce new export controls aimed against Canadian defense and aerospace industries. The policy is designed to keep the US military secrets out of the hands of its enemies. The Canadian government earlier claimed that Canada has won a 120-day reprieve from the tough regulations. However, the Dept of Defense that the enforcement of the new policy will proceed during the 120-day review period.

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Needle edging closer to empty

Article Abstract:

Valero Energy Corp.'s $100 million scrubber is not able to perform the environmental requirements in the way the company expected during the investment of total $500 million.

Financial management, Facilities & equipment, Natural gas transmission, United States, Equipment and supplies, Company investment, Investments, Environmental aspects, Gas transmission industry, Valero Energy Corp.

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