David Burns, Vice President, Research, University of New Brunswick About Siemens Canada For more than 100 years the innovative ideas from Siemens have helped make Canada a better place. From the Atlantic to Pacific oceans, more than 4,500 employees in Canada work together to provide answers that last in the fields of industry, energy, healthcare and infrastructure solutions for cities. Since it was federally chartered in 1912, Siemens has stood for technical achievements, innovation, quality and reliability. Sales for Siemens in Canada in fiscal 2012 (ended September 30), were $2.1 billion CAD. The company has 53 offices and 14 manufacturing/assembly facilities across Canada. Further information is available at www.siemens.ca . This press release may contain forward-looking statements based on the beliefs of the management of Siemens Canada Limited and its affiliates. The words “anticipate,” “believe,” “estimate,” “forecast,” “expect,” “intend,” “plan,” “should,” and “project,” are used to identify forward-looking statements. Such statements reflect the management’s current views with respect to future events and are subject to risks and uncertainties. Many factors could cause the actual results to be materially different, among others, changes in general economic and business conditions, changes in currency exchange rate and interest rates, introduction of competing products, lack of acceptance of new products or services and changes in business strategy. Actual results may vary materially from those projected here. Siemens Canada Limited and its affiliates do not intend or assume any obligation to update these forward-looking statements. @yahoofinance on Twitter, become a fan on Facebook Related Content Chart Your most recently viewed tickers will automatically show up here if you type a ticker in the “Enter symbol/company” at the bottom of this module.
Air Canada Tops on S&P/TSX Ahead of Traffic Data
Air Canada (AC/A) rose 7 percent to C$4 at 1:06 p.m. in Toronto today, the biggest intraday gain since Aug. 8, according to data compiled by Bloomberg. The stock is at the highest since November 2010. The Montreal-based carriers rally since August has pushed it to the top of the Standard & Poors/TSX Composite Index, ahead of second place Valeant Pharmaceuticals International Inc., which has gained 89 percent this year. August numbers were very, very strong and theres an expectation that September will also be strong, Cameron Doerksen , an analyst with National Bank Financial, said today in an interview. The airline usually reports traffic data in the first week of the month. Recent financings by Air Canada have lowered interest expenses and strong second-quarter financial results may be repeated in the third quarter, Doerksen said. Air Canada shares have also gained since being added to the benchmark index on Sept. 20. A message left with Peter Fitzpatrick, spokesman for the airline, wasnt immediately returned. Air Canada has had a great move, Chris Damas, an analyst at BCMI Research in Barrie, Ontario, said in a note. However, Id be selling into the strength today because we havent seen the September traffic numbers. To contact the reporters on this story: Doug Alexander in Toronto at email@example.com ; Caroline Chen in New York at firstname.lastname@example.org To contact the editors responsible for this story: David Scheer at email@example.com ; David Scanlan at firstname.lastname@example.org More News:
Siemens Canada to invest in smart grid research projects with University of New Brunswick
But the conservative-led government voted earlier this year to effectively scrap that system in favor of a privatebut also strictly regulatedsystem, targeting the flow of legal marijuana into the black market and shedding Health Canadas role in marijuana production. Health Canada will phase out the current system, under which it sells registered users marijuana grown by Prairie Plant Systems , by the end of March. Instead, starting Tuesday, medical marijuana users, or aspiring users, can send in an application directly to sanctioned corporate producers , along with a doctors note (or in some cases, a nurses note). If approved, they can place an order, pay the market price (the black market price is about $10 a gram; officials say the medical marijuana price will drop below that within a year), and wait for the secure courier to deliver their weed. (MORE: Majority of Americans Support Legalization of Marijuana ) There are nearly 40,000 people registered to use the drug under the current system in a country with a tenth the population of the U.S., and the government expects that number to balloonup to 450,000 by 2024and fuel what could become a $1.3 billion domestic pot industry. But the government expects that the privatized system, with only heavily-vetted producers (so far there are two licensed distributors, of at least 156 applications), will help ensure a higher level of oversight. Were fairly confident that well have a healthy commercial industry in time, Sophie Galarneau, a senior official with Health Canada, told the Canadian Press. Its a whole other ball game. The new regulations have failed to win over advocates for legalized marijuana, who have faced strong resistance from the conservative government led by Prime Minister Stephen Harper. In November, even as two states in the United States voted to legalize recreational marijuana, the Harper government passed strict minimum penalties for people who grow as few as six marijuana plants. They treat pot like its plutonium, says Blair Longley, head of the single-issue Marijuana Party that fielded five candidates in the 2011 parliamentary elections. Speaking to TIME, Longley says hes concerned the market-based system, whichnixes the right to cheaply grow marijuana at home, will make marijuana less affordable for patients. We always knew that marijuana would get legalized in the worst possible way. Its not a surprise that thats whats happening, Longley says. Undeterred, potential growers are lining up to be licensed in the new system, including the conditional owners of a former Hersheys chocolate factory .