Connect with us

Anglais

Ottawa fires back at Ford over USMCA grousing

Published

on

[ad_1]

Put a sock in it, Doug.

That’s the message from Prime Minister Justin Trudeau’s government to Doug Ford in the wake of the premier’s grousing about Ontario being hurt by the new U.S.-Mexico-Canada free trade deal.

The federal Liberals are striking back at Ford over his charge that Ottawa “left out” key sectors in the new USMCA.

Intergovernmental Affairs Minister Dominic LeBlanc has taken the unusual step of publicly reminding the premier of his position during the contentious trade talks.

“Premier Ford fully supported Canada’s NAFTA negotiating position, both in public and in private,” LeBlanc told the Star on Friday.

“Just days before the deal was concluded, the premier was briefed in detail in Washington, D.C., including about the modest changes to the supply management sector,” the minister said, referring to concessions that give U.S. dairy farmers access to about 3.6 per cent of the Canadian market.

“The premier left that meeting and said publicly what he told us behind closed doors, that he stands ‘shoulder to shoulder’ with Canada’s negotiators. His … minister (Jim Wilson) even pleaded with us to get to a deal at any cost,” he said.

Ottawa is blasting Ford — who, associates say, has future national political ambitions — after he escalated his rhetorical attacks on Trudeau this week.

At a campaign rally Tuesday to mark his first 100 days in office, the premier lambasted the Prime Minister.

“The new deal leaves too many Ontario families and businesses out in the cold. The Trudeau Liberals left out Ontario farmers, they left out Ontario’s steelworkers and aluminum workers,” Ford told about 600 supporters in Etobicoke.

“They used Ontario jobs as a bargaining chip and Justin Trudeau is out there taking a victory lap without giving honest answers about … what he will do for the people he’s left behind,” he said.

“My message to the farmers, to the steelworkers, to the aluminum workers, to all of the business and workers in Ontario is this: Justin Trudeau may have forgotten about you, the Liberals may have forgotten about you, but we will never, ever forget about you.”

But an internal memo sent from Queen’s Park to Ottawa after Ford’s June 7 election indicates the two government were always on the same page.

“Ontario is supportive of Canada’s approach to the steel and aluminum tariffs issue and will continue to work with Canada on a consistent approach between both levels of government going forward,” said the provincial missive marked “confidential.”

LeBlanc stressed the USMCA is “a good deal for the hundreds of thousands of Ontarians who work in manufacturing, especially the auto sector.”

“It safeguards more than $2 billion a day in cross-border trade and tariff-free access that supports Ontario jobs,” the federal minister said.

Simon Jefferies, the premier’s press secretary, said Ford was a team player throughout the talks, but “the more we study this deal, the more concerned we are that the federal government threw hard-working Ontario farmers, and steel and aluminum workers under the bus.”

“Premier Ford did his part by connecting directly with the governors of Ontario’s largest trading partners to promote free trade and highlight the importance of our trading relationships,” Jefferies said Friday.

“While our government was relieved that a deal was reached, we have a number of questions (that) the federal government (has) been unable to answer in a briefing call and in followup letters,” the aide said.

“We remain highly concerned of the impact on supply-managed agriculture sectors and the compensation that will be provided for affected industries,” he said.

“We also have unanswered questions on the ability of Canada to negotiate future trade agreements, and the engagement plan with the U.S. to ensure tariffs are lifted on steel and aluminum.”

Despite being a newcomer on the national scene, Ford is already touted as a potential successor to little-known federal Conservative Leader Andrew Scheer if the Trudeau Liberals are re-elected next year.

The premier has privately joked that his bid to stop Trudeau’s carbon-pricing scheme better not be too successful because it could be a useful issue in a future federal election campaign.

“Everyone knows we’ve taken Kathleen Wynne’s hands out of your pocket,” he said Tuesday of the former Liberal premier he defeated last spring.

“Now, we all have a bigger job. But I promise you one thing: we’re going to take Justin Trudeau’s hands out of your pockets.”

Robert Benzie is the Star’s Queen’s Park bureau chief and a reporter covering Ontario politics. Follow him on Twitter: @robertbenzie

[ad_2]

Source link

قالب وردپرس

Anglais

‘Business as usual’ for Dorel Industries after terminating go-private deal

Published

on

By

MONTREAL — Dorel Industries Inc. says it will continue to pursue its business strategy going forward after terminating an agreement to go private after discussions with shareholders.

« Moving ahead. Business as usual, » a spokesman for the company said in an email on Monday.

A group led by Cerberus Capital Management had previously agreed to buy outstanding shares of Dorel for $16 apiece, except for shares owned by the family that controls the company’s multiple-voting shares.

But Dorel chief executive Martin Schwartz said the Montreal-based maker of car seats, strollers, bicycles and home furniture pulled the plug on a deal on the eve of Tuesday’s special meeting after reviewing votes from shareholders.

“Independent shareholders have clearly expressed their confidence in Dorel’s future and the greater potential for Dorel as a public entity, » he said in a news release.

Dorel’s board of directors, with Martin Schwartz, Alan Schwartz, Jeffrey Schwartz and Jeff Segel recused, unanimously approved the deal’s termination upon the recommendation of a special committee.

The transaction required approval by two-thirds of the votes cast, and more than 50 per cent of the votes cast by non-family shareholders.

Schwartz said enhancing shareholder value remains a top priority while it stays focused on growing its brands, which include Schwinn and Mongoose bikes, Safety 1st-brand car seats and DHP Furniture.

Dorel said the move to end the go-private deal was mutual, despite the funds’ increased purchase price offer earlier this year.

It said there is no break fee applicable in this case.

Montreal-based investment firm Letko, Brosseau & Associates Inc. and San Diego’s Brandes Investment Partners LP, which together control more than 19 per cent of Dorel’s outstanding class B subordinate shares voiced their opposition to the amended offer, which was increased from the initial Nov. 2 offer of $14.50 per share.

« We believe that several minority shareholders shared our opinion, » said Letko vice-president Stephane Lebrun, during a phone interview.

« We are confident of the long-term potential of the company and we have confidence in the managers in place.”

Continue Reading

Anglais

Pandemic funds helping Montreal businesses build for a better tomorrow

Published

on

By

Many entrepreneurs have had to tap into government loans during the pandemic, at first just to survive, but now some are using the money to better prepare their businesses for the post-COVID future.

One of those businesses is Del Friscos, a popular family restaurant in Dollard-des-Ormeaux that, like many Montreal-area restaurants, has had to adapt from a sit-down establishment to one that takes orders online for takeout or delivery.

“It was hard going from totally in-house seating,” said Del Friscos co-owner Terry Konstas. “We didn’t have an in-house delivery system, which we quickly added. There were so many of our employees that were laid off that wanted to work so we adapted to a delivery system and added platforms like Uber and DoorDash.”

Helping them through the transition were emergency grants and low-interest loans from the federal and provincial governments, some of which are directly administered by PME MTL, a non-profit business-development organization established to assist the island’s small and medium-sized businesses.

Konstas said he had never even heard of PME MTL until a customer told him about them and when he got in touch, he discovered there were many government programs available to help his business get through the downturn and build for the future. “They’ve been very helpful right from day one,” said Konstas.

“We used some of the funds to catch up on our suppliers and our rents, the part that wasn’t covered from the federal side, and we used some of it for our new virtual concepts,” he said, referring to a virtual kitchen model which the restaurant has since adopted.

The virtual kitchen lets them create completely different menu items from the casual American Italian dishes that Del Friscos is known for and market them under different restaurant brand names. Under the Prasinó Soup & Salad banner, they sell healthy Greek options and their Stallone’s Sub Shop brand offers hearty sandwiches, yet the food from both is created in the same Del Friscos kitchen.

Continue Reading

Anglais

Downtown Montreal office, retail vacancies continue to rise

Published

on

By

Some of downtown Montreal’s key economic indicators are heading in the wrong direction.

Office and retail vacancies in the city’s central core continued to climb in the fourth quarter of 2020, according to a quarterly report released Thursday by the Urban Development Institute of Quebec and the Montréal Centre-Ville merchants association. The report, whose first edition was published in October, aims to paint a socio-economic picture of the downtown area.

The survey also found office space available for sublet had increased during the fourth quarter, which may foreshadow even more vacancies when leases expire. On the residential front, condo sales fell as new listings soared — a sign that the downtown area may be losing some of its appeal to homeowners.

“It’s impossible not to be preoccupied by the rapid increase in office vacancies,” Jean-Marc Fournier, the former Quebec politician who now heads the UDI, said Thursday in an interview.

Still, with COVID-19 vaccinations set to accelerate in the coming months, “the economic picture is bound to improve,” he said. “People will start returning downtown. It’s much too early to say the office market is going to disappear.”

Public health measures implemented since the start of the pandemic almost a year ago — such as caps on office capacity — have deprived downtown Montreal of more than 500,000 workers and students. A mere 4,163 university and CEGEP students attended in-person classes in the second quarter, the most recent period for which figures are available. Border closures and travel restrictions have also brought tourism to a standstill, hurting hotels and thousands of local businesses.

Seventy per cent of downtown workers carried out their professional activities at home more than three days a week during the fourth quarter, the report said, citing an online survey of 1,000 Montreal-area residents conducted last month.

Continue Reading

Chat

Actualités11 heures ago

Containerteelt geeft voedselzekerheid boven 60e breedtegraad in Canada

Actualités11 heures ago

La COVID longue durée: aux sources d’un mal à long terme

Actualités11 heures ago

Le visage des défenseurs de Fairy Creek

Actualités11 heures ago

2,2 milliards de dollars pour rétablir l’industrie de la biofabrication au Canada

Sex3 semaines ago

Dix films avec des scènes de sexe non simulées qui ont fait polémique

Sex3 semaines ago

Sexe et cannabis : mélange miraculeux ou poison pour le couple ?

Sex3 semaines ago

Chantage émotionnel, dénigrement, harcèlement sexuel : Une jeune scientifique écrit aux comités nationaux d’éthique

Sex3 semaines ago

10 films sur le sexe et le plaisir pour oublier la distanciation sociale

Sex3 semaines ago

Les meilleurs sextoys pour le clitoris

Sex3 semaines ago

Dua Lipa, la reine du melting-pop qui allège le quotidien confiné de ses millions de fans

Sex3 semaines ago

Une série d’ici primée à l’étrange

Technologie4 semaines ago

TELUS adopte une nouvelle promesse de marque

Technologie4 semaines ago

La tech agricole Farmers Edge entre en Bourse à 18 fois ses revenus

Technologie4 semaines ago

NEC Canada accueille Combat Networks en tant que revendeur officiel de UNIVERGE® BLUE CLOUD SERVICES

Technologie4 semaines ago

La relance économique sera verte dans le Bas-Saint-Laurent

Technologie4 semaines ago

Ottawa injecte 2,75 milliards $ pour électrifier la flotte d’autobus au pays

Technologie4 semaines ago

L’entreprise montréalaise Native Touch fait l’acquisition du studio Candy Banners

Actualités4 semaines ago

Lionbridge conclut la vente de sa division d’intelligence artificielle (IA) à TELUS International

Actualités4 semaines ago

Le rôle stratégique et essentiel des métaux rares pour la santé

Actualités4 semaines ago

«Crypto-art» : l’œuvre numérique de la chanteuse Grimes vendue 6 millions de dollars

Anglais2 années ago

Body found after downtown Lethbridge apartment building fire, police investigating – Lethbridge

Styles De Vie2 années ago

Salon du chocolat 2018: les 5 temps forts

Anglais2 années ago

This B.C. woman’s recipe is one of the most popular of all time — and the story behind it is bananas

Santé Et Nutrition3 années ago

Gluten-Free Muffins

Anglais2 années ago

27 CP Rail cars derail near Lake Louise, Alta.

Anglais2 années ago

Man facing eviction from family home on Toronto Islands gets reprieve — for now

Santé Et Nutrition2 années ago

We Try Kin Euphorics and How to REALLY Get the Glow | Healthyish

Anglais2 années ago

Ontario’s Tories hope Ryan Gosling video will keep supporters from breaking up with the party

Anglais2 années ago

A photo taken on Toronto’s Corso Italia 49 years ago became a family legend. No one saw it — until now

Anglais3 années ago

Condo developer Thomas Liu — who collected millions but hasn’t built anything — loses court fight with Town of Ajax

Styles De Vie3 années ago

Renaud Capuçon, rédacteur en chef du Figaroscope

Anglais2 années ago

This couple shares a 335-square-foot micro condo on Queen St. — and loves it

Mode2 années ago

Paris : chez Cécile Roederer co-fondatrice de Smallable

Anglais2 années ago

Ontario Tories argue Trudeau’s carbon plan is ‘unconstitutional’

Styles De Vie2 années ago

Ford Ranger Raptor, le pick-up roule des mécaniques

Affaires2 années ago

Le Forex devient de plus en plus accessible aux débutants

Anglais2 années ago

100 years later, Montreal’s Black Watch regiment returns to Wallers, France

Technologie2 années ago

YouTube recommande de la pornographie juvénile, allègue un internaute

Anglais2 années ago

Trudeau government would reject Jason Kenney, taxpayers group in carbon tax court fight

Anglais2 années ago

Province’s push for private funding, additional stops puts Scarborough subway at risk of delays

Trending