Galt Global Review

QFS 360

August 3, 2005
business digest


CDN Roundup

by Faye Mallett

Radiation patients set off border scanners
Canadians who have received treatment involving radiation are setting off detectors at crossings along the border with the United States.

Since the attacks of Sept. 11, 2001, radiation scanners have been installed at border crossings as a means to detect nuclear weapons. The detectors are extremely sensitive, even to medical isotopes used on people.

Radioistopes are used in medical procedures that range from heart tests to cancer treatment. In the procedure, a small amount of radioactive material is injected into the body, where it can remain for hours or a few weeks.

Many doctors now issue letters for patients to show at the border with the U.S.

WTO Rules in Canada’s Favour
Canada received a small victory in the ongoing softwood lumber dispute with the United States.

The World Trade Organization sided with Canada and ruled that the US has failed to prove some of its claims that certain softwood lumber exports have been unfairly subsidized.
Washington has collected duties now totalling almost $5 billion on softwood exports, using allegations of subsidies as a key reason to do so.

Trade officials in Ottawa said this latest ruling won't end the dispute but should give Canada some leverage in its fight to end the duties collected by Washington since 2002.

The US lumber lobby, which has accused its Canadian rivals of being heavily subsidized, dismissed the latest WTO ruling as a "technical matter.”

US Company Set to Buy Terasen Gas
Terasen Gas customers in British Columbia could be paying their monthly heating bills to a company based in Houston, Tex., under a recently announced $6.9-billion deal.


To go through - the deal requires approval of 75 per cent of Terasen shareholders, who are being offered a premium of nearly 20 per cent over the current value of the company's shares. It also requires some approvals by the B.C. Utilities Commission.

If the proposed deal goes through, then the Vancouver-based Terasen would be purchased by Kinder Morgan of Houston, a $35-billion company. Kinder is one of the United States' wealthiest citizens and a strong supporter of George W. Bush.

Terasen provides gas-delivery utility service to both household and commercial customers in B.C. It is also a pipeline company that provides service in both Canada and the United States. It is the future potential of Terasen’s pipeline operations that are the biggest benefit to the US company. The company has connections to the Alberta oil sands and owns a 2700-kilometre pipelines into the US Rocky mountain states, which would benefit a growing US desire for North American sources of petroleum.