2012 in Canadian business

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Events from the year 2012 in Canadian business.

Events

January to March

• January 1 – The Quebec Sales Tax (QST) rises one percentage point to 9.5%.
• March 29 – Finance Minister Jim Flaherty announces the 2012 budget which includes cuts to the CBC, the reduction of over 19,000 federal jobs, and the discontinuation of the Penny by the Royal Canadian Mint.^[1][2]

April to June

• April 24 – A sawmill in Prince George, British Columbia explodes killing two workers.^[3]
• June 2 – A shooting at the Toronto Eaton Centre leaves one dead and seven others injured.^[4]
• June 23 – A partial roof collapse at the Algo Centre Mall in Elliot Lake, Ontario injures dozens and kills two.^[5]

July to September

• July 6 – The Canadian Federal government approves Target's entry into Canada.^[6]
• September 24 – An outbreak of E. coli causes at least four illnesses in Alberta, a massive beef recall, and the temporary shutdown of XL Foods in Brooks, Alberta.

October to December

• October 15 – Premier of Ontario, Dalton McGuinty, announces his plan to resign.^[7][8]
• October 18 – The Canadian Radio-television and Telecommunications Commission rejects BCE's bid to take over Astral Media, citing that the deal would have given the company too much market power.^[9][10]
• November 16
  • Zellers announces store mascot Zeddy has been adopted by Camp Trillium, after a public vote.^[11][12]
  • Yorkdale Mall opens $185 million expansion, with 29 stores including Canada's first locations of the Microsoft Store, Kate Spade New York, LOFT, Ted Baker London and Tesla Motors.^[13]
• November 26 – Bank of Canada Governor Mark Carney named Bank of England governor.^[14]
• November 30 – Ontario Finance Minister Dwight Duncan calls on Ottawa to sell its shares of General Motors, purchased during a bail-out.^[15]

Deaths

• January 11 – Edgar Kaiser, businessman
• February 21 – Pierre Juneau, film and broadcast executive.
• April 12 – Robert Kennedy, publisher. (born 1938)
• April 26 – Ted Newall, businessman. (born 1935)
• May 2 – James Marker, American-born businessman and inventor of Cheezies. (born 1922)^[16]
• June 8 – Pat Mahoney, businessman, politician, and judge, MP for Calgary South (1968–1972), General Manager of the Calgary Stampeders (1965). (born 1929)
• November 3 – Henri Audet, founder of Cogeco media and communications company, originally a cable system

References

1. "Federal budget highlights". Cbc.ca. 2012-03-29. Retrieved 2012-08-10.
2. "CBC budget cut by $115M over 3 years". CBC.ca. 2012-03-29. Retrieved 2012-08-10.
3. "Prince George sawmill fire death toll rises to 2". Cbc.ca. 2012-04-25. Retrieved 2012-08-10.
4. June 2, 2012 6:55 PM ET (2012-06-03). "Toronto Eaton Centre shooting kills 1, injures 7". Cbc.ca. Retrieved 2012-08-10.
5. "One believed dead, one trapped in Elliot Lake mall roof cave-in". CBC.ca. June 24, 2012. Retrieved June 24, 2012.
6. "Target gets OK from Ottawa to come to Canada". Toronto Star. July 6, 2012.
7. Karen Howlett; Adrian Morrow; Paul Waldie (October 15, 2012). "Ontario Premier Dalton McGuinty resigns". The Globe and Mail. Toronto. Retrieved October 15, 2012.
8. "Dalton McGuinty resigns and prorogues legislature". CBC News. October 15, 2012. Retrieved October 15, 2012.
9. "CRTC rejects BCE takeover of Astral Media". CBC News. October 18, 2012. Retrieved October 18, 2012.
10. "CRTC rejects Bell's $3.48 billion buy of Astral Media, worries about competition". The Canadian Press. October 18, 2012. Retrieved October 18, 2012.
11. http://www.northumberlandview.ca/index.php?module=news&type=user&func=display&sid=18633
12. http://www.calgaryherald.com/life/all/Bear+market+Three+charity+contenders+adopt+Zellers+mascot+Zeddy/7505907/story.html
13. "Yorkdale Mall enlists Wayne Gretzky and the band Train to promote expansion". Toronto Star. November 13, 2012.
14. MacKinnon, Leslie (November 26, 2012). "Mark Carney named Bank of England governor". CBC.
15. "Ontario pushing Ottawa to sell government stake in GM". The Globe and Mail. Toronto. November 30, 2012.
16. Ciarula Taylor, Lesley (2012-05-03). "Cheezies inventor dies in Belleville, Ont., at 90". Toronto Star. Retrieved 2012-05-15.