Canada Post, union trade barbs over profit

Article Abstract:

Canada Post Corp. saw profit slide 68% from C$112 million in 1996 to C$36 million in 1997, and is blaming a two-week strike in November 1997 for the drop. According to Jean-Maurice Filion, spokesman for the Crown corporation, the strike by the Canadian Union of Postal Workers (CUPW) resulted in a C$100 million drop in the company's profits. However, CUPW said the decrease in profit was largely due to Canada Post's pull-out from a huge section of the junk mail market. Canada Post, which exited the market for unaddressed mail in 1997, saw revenue drop from C$19 million in 1996 to C$5.1 billion in 1997.

Comment:

Sees profit slide 68% from C$112 mil in 1996 to C$36 mil in 1997, and is blaming a two-week strike in 11/97 for the drop

Sales, profits & dividends, Public Mail & Express Services, Postal Service, Canada Post Corp.

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Gerber ruling deemed a health risk

Article Abstract:

Canada's Competition Bureau said a 69% duty imposed on baby food products from Fremont, MI-based Gerber Products Co. will create a monopoly in the baby food market. Gerber is a major player in the C$60-million-a-year Canadian baby food market dominated by H.J. Heinz Co. of Canada Ltd., the only Canada-based manufacturer of jarred baby food. Eliminating Gerber, thus, will lead to higher prices and jeopardize the health of babies, the bureau said. The prohibitive duty was imposed on Gerber products after a trade tribunal found the company guilty of dumping its products in Canada.

Comment:

Is penalized with a 69% import duty by Canadian trade officials for allegedly dumping its products in Canada

Government regulation (cont), Baby Food, Specialty Canning, Baby foods, Gerber Products Co.

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Copps shifts gears on magazines

Article Abstract:

Canadian advertisers will be taxed heavily if they buy ads in foreign periodicals under a proposal by Heritage Minister Sheila Copps. The proposal, which is intended to assure a steady source of revenue for Canadian magazines, seems another version of an earlier controversial proposal by Copps. The original proposal called for the banning of Canadian advertising from all magazines unless they offer a prescribed percentage of Canadian content. The first proposal was shot down by the Association of Candian Advertisers, which is now also opposing the new plan.

Comment:

Canada: Advertisers will be taxed heavily if they buy ads in foreign magazines under proposal by Heritage Minister Sheila Copps

Government regulation, Periodicals, Periodical Publishers, Periodical publishing

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