Word: ottawa
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Chrysler LLC has warned the Canadian government and the Canadian Auto Workers (CAW) union that it will close its assembly operations north of the border unless it gets $2.3 billion in loans from Ottawa, a 25% reduction in labor costs and a waiver on more than $1 billion in taxes owed...
...addition to demanding $2.3 billion in loans from Ottawa, Chrysler also wants the Canada Revenue Agency, that nation's tax collector, to stop hounding the automaker for more than $1 billion in taxes mistakenly paid to the U.S. years ago. The Canadian government only recently uncovered the error, and has since placed a lien against Chrysler's Brampton, Ont. plant and withheld $235.5 million in tax rebates...
...first meeting between President Barack Obama and Canadian Prime Minister Stephen Harper, which happened Thursday in Ottawa, covered a wide range of common interests, such as a revival of the North American economy, reductions in greenhouse-gas emissions, and the war in Afghanistan. But the unscripted moments of the President's first foreign visit since being elected to the White House - including a declaration of love for Canada and an impromptu visit to an Ottawa farmers' market for a beaver-tail pastry - overshadowed the official agenda...
...Under Canada's constitutional monarchy, the Governor-General normally keeps a low profile, particularly during state visits, but Jean raised eyebrows by breaking with this centuries-old tradition. It was the first of many unscripted moments. Upon arrival on Parliament Hill, feeling the gathering momentum of the Ottawa love-in, Obama took a minute to wave to a cheering crowd of more than 2,000 that had gathered on the wintry front lawn in freezing temperatures...
...Canadians overlooked Obama's one faux pas - mistakenly calling Ottawa "Iowa" - and seemed to appreciate his stop at a farmers' market to wow crowds and buy a Canadian cinnamon-and-sugar pastry known as a beaver tail. He has set a higher bar for the U.S.-Canada partnership than perhaps any President before. But with the goodwill generated from his first charm offensive, his chances of success look pretty good...