Word: ont
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Dates: during 2000-2009
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...Alcoa shut its wheel-rim plant in June after more than two decades in operation, idling 365 people. Then last month Goodyear Canada did the same at its engine-hose plant, forcing 165 out of work. "It's created a great deal of turmoil," says Carrier, mayor of Collingwood, Ont., a town of 25,000 north of Toronto. "Families aren't sure how they're going to pay bills. Some have moved away." The closures mean not only lost jobs but also a loss of nearly $5 million in annual wages and taxes for the local economy...
...drop nearly 41%, to about $1 billion in 2007, according to the Conference Board of Canada, a leading economic-research group. Not everyone is equally affected. "You have to be smart to offset the impact of foreign-exchange fluctuations," says Mark Hogan, president of Magna International, based in Aurora, Ont. The $24.2 billion company--a strategic supplier to the world's leading automakers with operations in North America, Europe and Asia--moved more than 300 jobs from Canada to Mexico in the past two years in anticipation of a stronger loonie. "When you're supplying new vehicles, you have...
Quebec Premier Jean Charest recently announced a $620 million aid package to help his French-speaking province's ailing manufacturers and has urged the federal government to follow his lead. In the meantime, Mayor Eddie Francis of Windsor, Ont., near Detroit, is trying to cope with an 8.6% unemployment rate in a town known as the automotive capital of Canada. "It's a challenge and we're going to have to get through it," he says. The strong loonie may be great for cross-border shopping excursions, but it's of little help to anyone without a paycheck...
Ordinary Canadians benefited from cheaper imports just as those who own basaball teams did. Or they headed south. On a crisp day in December, Lorie de Luca boarded a dawn bus full of cross-border shoppers in the Toronto suburb of Brampton, Ont., bound for Boulevard Mall near Buffalo, N.Y. "I don't shop here anymore," she says, "not when I know I'm going to get better deals...
...Kessler’s success has put her name among those of the best goalies in the country, a fate that might have been foreseeable when she committed to Harvard as a highly-touted recruit and Team Canada under-22 selection out of Oakville, Ont. before the 2006-2007 season.“She was certainly, in that recruiting class of goaltenders, the top prospect,” Crimson coach Katey Stone says. “We were excited to have created a lot of depth at the goaltending position.”But Kessler tore an ACL the summer...