Ontario's cash-strapped colleges and universities will get a nearly $1 billion boost over two years in federal and provincial funding for infrastructure projects.
Canada is among a select group of countries that could easily afford to spend more on economic stimulus, and should stand ready to do so if the global recession deepens, the International Monetary Fund said.
There's often a temptation -- and it's particularly strong during a recession -- to propose protectionist measures as the solution to economic problems. Campaigns stressing the need to "buy locally" are understandable. They seem to hold out the promise of jobs that could easily be created if a few purchases were diverted from one seller to another.
OTTAWA -- Canada is threatening legal action to force United States Steel Corp. X-N to resume production at two Ontario mills it acquired in its takeover of Stelco Inc., becoming the latest Group of Seven government to put economic reality ahead of summit rhetoric extolling free trade and investment.