A group of Canadian General Motors dealers forced to shut down are now suing the auto maker for breach of contract. The suit involves 12 dealerships fighting to stay in business. BNN speaks to Jonathan Lisus, partner, McCarthey Tetrault LLP, lead lawyer in the case.
Unlike banks in Europe and the U.S., Canadian banks have minimal exposure to Dubai and its debt, and as with the financial system meltdown, they have dodged disaster. But are Canadian financials the place for investors to take cover? BNN speaks to David Franklin, research analyst, Sprott Asset Management, who says that Canadian banks are highly leveraged, and "don't bank on the banks."
The public's anger with banks rise overseas and in the U.S. as bank executives look for a way to reward employees with bonuses without ruffling feathers. Is Canadian banking culture affected by the criticism occuring internationally? BNN speaks to Jerome Dwight, president and CEO, BNY Trust Company of Canada, The Bank of New York Mellon.
The Supreme Court of Canada has ruled in favour of Wal-Mart, saying the retailer has the right to close its store in Jonquiere, Quebec, after its employees voted to unionize. BNN speaks to Stacey Ball, partner, Ball & Alexander, about the implications of this decision.
Canadians are growing older, and so are the workers that will care for them. Right now, seniors represent 13.9 percent of all Canadians, but by 2030, they will represent 25 percent of the total population. BNN speaks to Jane Barratt, secretary general, International Federation on Ageing.