Tax change proposals divisive but more favour Liberal position poll

OTTAWA — A new poll suggests that Canadians who support the Liberal government’s tax-change proposal outnumber those opposed to the idea — barely.The Ekos-Canadian Press survey found that based on what people know of the idea, 49 per cent of respondents support it, while 44 per cent are against.The Liberals are proposing three updates to the tax code to close loopholes they say let the wealthiest Canadians pay less tax — changes the Opposition says will have far wider and negative implications for small businesses.The poll surveyed 3,855 people over a 10-day period in September as the issue dominated the start of the fall sitting of Parliament.Of those surveyed, 53 per cent said they support the Liberal argument that the changes will create a fairer tax system, while 40 per cent agreed with a statement that the changes amount to a tax grab.The poll, which reached respondents on both cellphones and land lines, carries a margin of error of plus or minus 1.6 per cent, 19 times out of 20. read more

Toshiba buys Hamiltonbased manufacturer of custom electric motors

Toshiba buys Hamilton-based manufacturer of custom electric motors by The Canadian Press Posted May 23, 2013 10:36 am MDT HAMILTON – Toshiba International Corp. has agreed to buy the assets of Elettra Technology, a manufacturer of custom industrial electric motors that was born out of a former Canadian subsidiary of Westinghouse.Financial terms of the deal were not immediately available.Elettra’s current employees will operate the business, which will be renamed Toshiba Industrial Products Canada and relocate its manufacturing to a larger, recently renovated plant in Hamilton, the companies said Thursday.Toshiba International of Houston is an 1,800-employee subsidiary of Japanese conglomerate Toshiba Corp..Elettra makes industrial motors and generators as well specialized motors for harsh conditions.The Canadian company was founded in 1996 by two former Hamilton-based employees of Westinghouse Motor Co., Carlo Di Pietro and Joe Aiello.Di Pietro, who is ETI’s president, said the deal is good for both companies.“ETI has a history of excellence in one-off specialty electrical motor production which will enhance Toshiba’s product line, while Toshiba has the efficiencies of a large operation that will improve opportunities here,” Di Pietro said in a statement.Mike Ayers, a senior vice-president of Toshiba International and general manager of its industrial division, said that the deal will “better serve both ETI’s and Toshiba’s customers.” AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email read more

Ahead of G20 opening Ban stresses farreaching impacts of early climate action

At a G20 summit in the southeastern city of Hangzhou in China, United Nations Secretary-General Ban Ki-moon today welcomed the conference’s focus on sustainable development and climate change, urging all countries to take early action on these.“For the first time in the history of the G20, the Hangzhou draft communiqué is now focusing on this Sustainable Development Action Agenda as one of their most important [aspects of] the outcome document,” the UN chief said at a press conference, ahead of the summit’s opening.“Climate change and Sustainable Development Goals should go hand in hand. That is not my message – that is the message of all scientists, economists and all experts,” he added, stressing that “early action will bring more and more, and better and better results.”Last September, the UN General Assembly adopted the 2030 Agenda for Sustainable Development, a new global framework to advance peace and prosperity for all people and for a healthy planet.“I urge all countries to align their national policies, socio-economic policies, programmes and investment behind these Sustainable Development Goals,” Mr. Ban said at today’s press conference.The Paris Agreement, adopted by 195 parties to the UN Framework Convention on Climate Change (UNFCCC) last December in France, calls on countries to combat climate change and to accelerate and intensify the actions and investments needed for a sustainable low carbon future. The agreement will enter into force 30 days after at least 55 countries, accounting for 55 per cent of global greenhouse gas emissions, deposit their instruments of ratification or acceptance with the Secretary-General.“This Summit has also witnessed major steps forward on climate change,” Mr. Ban said, commending the leaders of China and the United States for officially joining the Paris climate accord by depositing their legal documents with him yesterday.Legal processes must be concluded in parallel with a renewed commitment by all the countries to honour their pledgesWith the world’s two largest greenhouse gas emitters making this historic step, 26 parties to the Paris Agreement and 39% of global greenhouse emissions have been accounted for. Another 29 countries and 16 per cent more of global emissions will bring the convention into force.To the so-called climate change deniers or skeptics, he said, “the debate over the climate phenomenon is over, scientifically and environmentally: it is affecting our daily lives.”“In that regard, the actions taken by early ‘ratifiers’ like China and the United States – those are the two biggest emitters – are far-reaching, visionary. They are working for the people, they are working for planet earth,” he said.Mr. Ban said he was “happy to hear that the draft communiqué of this G20 Summit is also encouraging the speedy entry into force of this key international agreement and I would like to [urge] G20 members, once again, to lead by example on this defining issue of climate change,” drawing attention to a high-level ratification ceremony at the UN Headquarters in New York he is convening on 21 September.Legal processes must be concluded in parallel with a renewed commitment by all the countries to honour their pledges, particularly the Organisation for Economic Co-operation and Development (OECD) Member States, in terms of financial and technical support, including through the Green Climate Fund to many vulnerable countries, developing countries so that they can adjust to climate change, Mr. Ban added.“Here in Hangzhou, I will engage G20 leaders across the breadth of the Summit’s agenda,” he said, emphasizing that the achievement of the Sustainable Development Goals requires resolving urgent challenges, such as protracted conflicts in Syria, Yemen, South Sudan, Libya, Mali and many other places, extreme poverty and deepening inequalities, and the highest number of people displaced by conflict since the end of the Second World War. read more