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| May 14th, 2012 - Dion Phaneuf scored twice and Devan Dubnyk stopped 24 shots to help Canada crush Kazakhstan 8-0 Saturday and reach the quarterfinals of hockey's world championships. Canada (5-0-1) can clinch the top seed in the Helsinki with a victory in its final round-robin game against Belarus on Tuesday. Kazakhstan (0-5-1) will be relegated to a lower group next year. Phaneuf, a defenseman for the Toronto Maple Leafs, opened the scoring at 15:45. Anaheim's Corey Perry scored at 12:05 of the second period, with Alexandre Burrows following five minutes later. Winnipeg's Evander Kane began a five-goal streak in the final period. The other goals came from the Islanders' John Tavares, Tampa Bay's Teddy Purcell, Phaneuf and Edmonton's Ryan Nugent-Hopkins. |
| May 2nd, 2012 - Canada Post showed an annual loss of $253 million in 2011, the first time the agency has failed to make a profit in 16 years. The Crown corporation said in a release Tuesday that a labour disruption, the continued erosion of its core mail delivery business, growing pension obligations and a Supreme Court decision on pay equity were a drag on its financial results. In an unconsolidated basis, the core mail service lost $327 million last year. But Canada Post's three subsidiaries, Purolator Inc., SCI Group Inc. and Innovapost Inc. were able to mitigate that somewhat. |
| April 18th, 2012 - Phoenix Coyotes forward Raffi Torres has been suspended indefinitely, pending an in-person hearing Friday, April 20, the National Hockey League's Department of Player Safety announced today. The hearing, which had been planned for today, was deferred at the request of the player and the National Hockey League Players' Association. The hearing will be convened at the NHL's New York office for a hit Torres delivered to Chicago forward Marian Hossa 12:42 into the first period of Game 3 of the teams' Western Conference Quarterfinal series in Chicago on Tuesday, April 17. |
| April 12th, 2012 - Sony on Thursday said it would cut about 10,000 jobs in the fiscal year ending in March 2013 as the struggling electronics and entertainment giant moves to stem massive losses. "As Sony Group as a whole, we expect roughly 10,000 job cuts," it said in a statement Thursday as the company's new chief Kazuo Hirai held a press briefing to announce his plans to turn around the firm. Sony said it would spend more than $925 million this year on restructuring costs in a bid to stem massive losses. The firm said its sweeping reforms would cost 75 billion yen ($925.7 billion) this year. |
| March 13th, 2012 - The Ontario Lottery and Gaming Corporation’s grand expansion scheme to pump a billion dollars into provincial coffers by building a new casino in the Greater Toronto Area is being touted as a winning economic benefit to the area, but existing gaming facilities may end up as the losers, observers say. The Georgian Downs Racetrack (formerly Barrie Racetrack) in Innisfil, Ont., which has 1,000 OLG slot machines and recently celebrated its 10th anniversary, is a popular weekend tourist destination for Toronto residents, said Mayor Barbara Baguley. But that could all change with a competing casino in the Greater Toronto Area. “The reality is rural Ontario doesn’t have the economic engine that the GTA has,” she said. “We’re 45 minutes to an hour from downtown Toronto. If people can stay home and have the same [gambling] experience, it can have a ripple effect out in our community in terms of siphoning off jobs and spending.” |
| February 29th, 2012 - Sunday night marked the 84th Academy Awards, and while most of the awards were expected, a few surprises shook up the winner’s circle. The 2012 Oscars turned into a showdown between Martin Scorcese’s “Hugo” and French director Michel Hazanavicius’ “The Artist.” Both films won five awards, though “Hugo’s” were all in technical categories. “The Artist” won best picture, best costume design, best original score, best actor for Jean Dujardin and best director for Michel Hazanavicius. “Hugo” took away awards for best art direction, best cinematography, best sound editing, best sound mixing, and best visual effects. |
