CAW opposed to free trade
TORONTO -- The Canadian Auto Workers union is calling for an end to free-trade negotiations with automaking countries in Europe and Asia unless they first open their markets to Canadian-made vehicles.
The CAW, which has failed to convince successive Conservative and Liberal federal governments to curtail auto imports from countries the union considers to be closed to North American imports, said free-trade agreements with the European Union, Japan, South Korea and Thailand won't help.
"There is no conceivable scenario under which Canadian automotive exports to these countries would be significantly enhanced under a free-trade agreement," the union said in a 50-page report released Monday.
Wal-Mart CEO's bonus shrinks
NEW YORK -- Mike Duke, the CEO of Wal-Mart Stores Inc., received a pay package in 2011 worth $18.1 million, a three per cent dip from the year before, according to an Associated Press calculation, mainly because his performance-based cash bonus shrunk.
The dip in compensation came even as Wal-Mart reversed a more than two-year sales slump as it emphasized low prices across the store and restored thousands of items that it had culled during its campaign three years ago to declutter its stores.
Suncor repairs fractionator
CALGARY -- Suncor Energy Inc. says an upgrader at its vast oilsands mine north of Fort McMurray, Alta., has returned to normal operations.
Canada's largest energy company took the upgrader off-line about a month ago for repairs to a part of the facility called the fractionator.
Suncor doesn't expect the outage will result in changes to its annual production targets.
Less invested in mutual funds
TORONTO -- Mutual fund sales for March were down from a year ago, according to the Investment Funds Institute of Canada.
Net fund sales tracked by the industry group were $3.45 billion last month, down from $4.32 billion in March 2011.
IFIC said investors moved money out of equity and short-term funds in March and bought bond funds.
-- from the news services