Word: ontario
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...sharp drop in demand for Alberta oil, plus auto-plant shutdowns in Ontario, have pushed Canada's trade deficit for May to an all-time high of $1.2 billion. This is in contrast to to a much smaller merchandise-trade deficit of $346 million reported in April and a healthy surplus of $979 million in March, according to the government agency Statistics Canada. (See 10 things to buy during the recession...
...Cessna 172 took off from Santa Monica, Calif., bound for the ski resort Big Bear. On board were Norman Ollestad, his father, his father's girlfriend Sandra and the pilot. Crossing the San Gabriel Mountains in heavy gray snow clouds, the plane failed to clear Ontario Peak. It crashed into the mountain at 8,200 ft. (2,500 m), just short of the summit, in the middle of a blizzard. Norman and Sandra survived the initial impact, but only Norman made it down off the mountain...
...dashing adventurer who pushed his son to feats of preadolescent derring-do as a surfer and skier that are unimaginable by today's nurturing parental standards. It may have been his familiarity with physical danger, and his calmness in the face of it, that saved Ollestad on Ontario Peak. It helped him manage the psychic aftermath too, to put a frame around it. To the Ollestads, life was "raw and wild and wonderfully unpredictable." To be paralyzed by fear of it, by the inevitability of pain and loss, would be the real tragedy...
...same event, Ontario Premier Dalton McGuinty said, "The alternative would have been a devastating blow to Ontario families and communities." GM Canada annually buys about $7.2 billion worth of parts from Ontario suppliers, who employ 45,000 workers. These and spin-off jobs would have also been jeopardized by the failure of GM Canada...
...companies is something like 4 to 1," says analyst DesRosiers, who has more than 30 years of auto-industry experience. For $9 billion, he adds, the Canadian government could have asked any of the solvent Japanese or European automakers to build five new car plants in Ontario...