Word: ottawa
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...Bank of Canada's announcement last week that the domestic economy cannot continue to grow in the face of an ever deepening financial crisis comes amid predictions of staggering job losses for the fourth quarter of 2008 and a political crisis in Ottawa...
...Ottawa A New Liberal Leader In Canadian politics' latest shake-up, the opposition Liberal Party has replaced leader Stéphane Dion with former academic Michael Ignatieff a week after Prime Minister Stephen Harper suspended Parliament until January to avoid a no-confidence vote. Many felt that Dion's flubs hurt the opposition's power-grab attempt...
...study initially designed to assess misdiagnosis rates of asthma among obese people - a population that prior studies suggest suffers more often and more severely from the disease - researchers at the University of Ottawa discovered that doctors may be overdiagnosing asthma in all patients, regardless of weight, by some 30%. "We were bowled over by these results," says Dr. Shawn Aaron, the study's lead author and head of respiratory medicine at the University of Ottawa. (See TIME's A-Z Health Guide...
Just as the Detroit Three are asking Washington for a financial lifeline, so too their Canadian counterparts want Ottawa to staunch hemorrhaging balance sheets. The difference is that in Canada the heads of the Detroit Three have left it to the CAW and the Auto Parts Manufacturers' Association to take the lead on a government bailout. "Obama is going to protect U.S. jobs," says CAW president Ken Lewenza, referring to President-elect Barack Obama. "The Canadian government has to play an active role or it could be left out in the cold manufacturing nothing...
...their production south, do with a cash infusion - by some estimates anywhere from $2 billion to $4.3-billion? "They would cover payroll and hope things get better," says Alan White, an investment specialist at University of Toronto's Rotman School of Management. As a result, critics warn Ottawa and the Ontario provincial government against throwing good money after bad. "If there's a government bailout it will be helping companies at the center of losing jobs, and punishing companies who have created jobs," says veteran Canadian analyst Dennis DesRosiers of DesRosiers Automotive Consultants. The Detroit Three and their supplies have...