Finance Quiet On Fee Caps

Business is pressing the Department of Finance to regulate $5 billion in credit fees in the wake of a federal anti-trust ruling. Merchants propose a rewritten Code of Conduct that would limit the ability of Visa and MasterCard to levy fees: “Time and patience are running out.”

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Help Wanted

VIA Rail Inc. is hiring a new $241,000-a year CEO after reporting a pre-tax loss of more than a third of a billion dollars last year. Chief executive Marc Laliberté will not seek reappointment on the expiry of his term Jan. 4: “It was a difficult decision for him to make.”

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28 Countries; One Treaty; No Debate: “It’s Insane”

Canadian furniture manufacturers, ice-cream makers and other industry leaders say they are uneasy over the signing of an unseen trade pact with the European Union. Executives expressed qualms with the process that would repeal thousands of tariffs on imports from 28 countries: “There should have been some public discourse before this deal was signed.”

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Minister To Trade Critics: Don’t “Hold Back The Day”

Agriculture Minister Gerry Ritz says dairy farmers should not “hold back the day” for free trade with Europe. In an interview, Ritz acknowledged E.U. cheese producers stand to gain a larger market share under a pact, but said cabinet remains committed to supply management. Dairy farmers called the treaty “unacceptable”.

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A 7-0 Warning For Polluters

The Supreme Court has ruled against narrowly defining mandatory disclosure of environmental damage as required by law. The unanimous 7-0 judgment came in the case of a road contractor who failed to report fallout from a rock blast: “This is a very important decision.”

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Cabinet Targets Right To Strike?

Union organizers say they are bracing for unspecified amendments to the Public Service Labour Relations Act including feared repeal of their right to strike. Government employees said they were neither consulted nor provided drafts of any proposed changes: “We are pretty shocked.”

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Cabinet Disclosure Getting Worse, Says Commissioner

Cabinet leadership is required to address failings of Canada’s Access to Information system, says a federal commissioner. Suzanne Legault said cabinet must ensure compliance with federal law, as in the case of one department that improperly withheld documents for three years.

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1 in 4 See Weak Revenue

Nearly 1 in 4 small businesses forecast poor sales through to 2014, according to Industry Canada data. Research determined the outlook is so uncertain that small business now rates financing a minor problem: “If your business isn’t growing your demand for capital is not there.”

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The Loss Of A Famous Lake

Water quality in one of Canada’s most famous lakes has declined over a decade despite efforts to reclaim the landmark. Satellite imagery confirms that algae growth spiked by farm chemical runoff and urban waste has worsened in ten years: “The entire lake is a concern.”

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It’s Broke But Still Licensed

The Canadian Transportation Agency is extending a certificate of fitness for the bankrupt railway implicated in the fatal Lac-Mégantic wreck. The railway meets liability insurance requirements, but only because its freight business is down 70% and it no longer ships crude oil.

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More Grants For Big Auto

Cabinet proposes to renew grants to the auto and defence industries amid a slump in manufacturing sales. Authorities called it an investment in “proven” job creation. The pledge followed new data confirming another drop in manufacturing sales: “It’s really taking a beating.”

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A Government Fire Sale?

Cabinet is contemplating more privatization in a bid to balance its budget in 2015. The government in its Throne Speech vowed it “will review federal assets” in an attempt to eliminate its $26 billion deficit: “When it is in the best interest of Canadians, they will be sold.”

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Pipe Advocates Skewed Data?

The think-tank Fraser Institute denies it skewed data to support claims that “environmentally-friendly” pipelines are four times safer than railway tank cars. However a senior director acknowledged skipping contradictory research completed by the Senate: “I’m not familiar with that report.”

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