And just as you would have expected:
About 25 per cent of the [recent Conservative] tax relief is earmarked for businesses - hit hard by the rising dollar - and will make Canada's corporate tax rate the lowest among major industrialized economies by 2012.
Because, as we all know, lower corporate taxes make for happier companies and more jobs and ... and ... uh ...
'Horrible' Chrysler news means thousands of Canadian job losses: Hargrove
17 hours ago
TORONTO - The latest job cuts at Chrysler LLC will cost thousands of Canadian jobs directly and at parts suppliers - some of which may face bankruptcy - Canadian Auto Workers president Buzz Hargrove said Thursday.
The automaker's elimination of the third shift at its Brampton sedan assembly plant will cost 1,100 jobs at the factory west of Toronto, he said, adding an estimate that each assembly job ripples out to 7½ related jobs in the wider economy.
Thursday's "horrible" news from newly privatized Chrysler - cutting a total of as many as 12,000 jobs in North America, on top of 13,000 whose elimination was announced in February - also means an undetermined job loss at the minivan plant in Windsor, Ont., which assembles the Chrysler Pacifica crossover vehicle that is being discontinued.
Correct me if I'm wrong, but I'm fairly certain that's not how it was supposed to work out.
2 comments:
Don't forget though, after 9/11 everything changed.
Also,last months sales for the big 3 were ahead of all of the other car makers for the first time in 10 years.
Ironic. eh?
Just another attempt at positioning for a little corporate welfare.
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