Hydro buy of Centra Gas Seen as prudent power move
Manitoba Hydro plans to acquire Centra Gas Manitoba Inc. for about 245 million dollars, a merger critics call risky but proponents say it preserves free enterprise values within a mixed economy. Officials expect annual savings of at least 12 million as synergies unfold and see potential for rural gas expansion only where economically viable.
MENTIONED IN THIS ARTICLE
Gary Filmon
Manitoba Hydro
Centra Gas Manitoba Inc
Winnipeg
North End
Filmon
Success/Angus Commercial College
Westcoast Energy Inc
Vancouver
Centra Gas
Westcoast
Bob Brennan
Brennan
John McCallum
John McCallum, Chairman of the Board of the Public Utility
Public Utilities Board
Hydro
Centra
Canada
United States
Manitoba
Prof. McCallum
David Newman
Energy and Mines
Newman
Real estate booms meet aging demographics and stock market outlook
The writer argues Victoria housing is hot due to cheap mortgages, pent-up demand, and spring timing, but warns long-term demand will falter as Baby Boomers downsize. They predict deflation for real assets and a stock market rise, advising sellers now and buyers after a market correction.
MENTIONED IN THIS ARTICLE
Rrsps
Victoria
Garth
North America
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the Turner
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