Wednesday, June 29, 2011

TSX-LSE deal falls through

 A blockbuster deal to merge the Toronto and London stock exchanges has fallen through.  The operator of the TSX says there wasn't enough shareholder support for the deal to take place.  Thunder Bay investment expert Blake Cameron, who predicted the deal might not happen,  says it now makes way for a Canadian deal with the Maple Group

Lang bids good-bye

The Pat Lang era at Confederation College is coming to a close Thursday. After 11 years as President of the college she is retiring without any regrets. Lang sites her greatest accomplishment as setting up the Community Nursing Program in the region. She hopes her legacy will be the people she met and helped change over the years.

Fish for free starting this weekend

It's time to get your family hooked on fishing.Licence-free fishing begins on July 2nd across Ontario. The Ontario Federation of Anglers and Hunters says it's a chance to try the sport without the hassle of getting a licence.

TBaytel gives 100 k to college

A new lecture theatre at Confederation College is getting  some of its tech equipment  thanks to a 100 thousand dollar grant from TBaytel.   Utility President Don Campbell says the donation shows the goals of TBaytel go beyond making money

Business community is optimistic

Small businesses in Thunder Bay are feeling pretty secure this year.  That's one of the themes in the annual Thunder Bay Ventures survey.  Chamber of Commerce President Harold Wilson says the results are encouraging.  The Survey shows 51 percent of businesses are planning on hiring new employees this year.  Also almost 70 percent of respondents feel the city's economy is moving in a positive direction and just over 80 percent of respondents say they feel secure about their future.

Inflation is on the rise

Our inflation rate is tied for tops in the entire country.  Our rate went from 3.7 in April to 4.3 in May.  That's ahead of both the province and the country which climbed to 4 and 3.7 percent respectively.

Public Board approves budget

The Lakehead Public School Board has approved its budget for the next school year.  The budget comes through at just over 135 million dollars.  The board also announced it will be laying off 20 secondary teachers because of declining enrollment.