Charles Sousa's economic update gives shape to Ontario pension plan: Mayers + MORE Nov 20th

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TORONTO – Bell Media has cut 80 full-time positions in its latest round of layoffs, citing an “industry-wide challenging advertising market.”
The multimedia giant said Wednesday that the affected positions represent a cross-section of its areas of business: including local radio and TV; sales, research and revenue management; marketing and communications; network operations; and news.
Jacqueline Milczarek, who has worked as an anchor on CTV News Channel since 2007, is among the public faces hit by the cuts.
Other on-air talent who were laid off include CHUM-FM host Amanda Logan and BNN anchor and correspondent Chitra Nawbatt.
“The difficult decision was made as the result of continued financial pressure in relation to the industry-wide challenging advertising market for radio and TV,” said Bell Media vice-president of communications Scott Henderson in an email.
In June, Bell Media announced it would cut 120 positions across its television operations due to the tough advertising market as well as falling subscription revenues…

LOS ANGELES, Calif. – Consumers will get refunds and credits of about $1.4 billion, but also pay about $3.3 billion, under a settlement approved Thursday on costs stemming from the premature closure of the San Onofre nuclear power plant.
The vote by the California Public Utilities Commission was 5-0.
At issue has been who should take the financial hit for the early demise of the plant located between Los Angeles and San Diego — company shareholders or customers.
The settlement stems from negotiations among operator Southern California Edison, minority owner San Diego Gas & Electric Co. and consumer advocates. Critics argued that the deal shortchanged ratepayers.
Consumers will pay about $3.3 billion in costs over 10 years, including for power purchased after the plant shut down.
Southern California Edison said in a statement submitted to federal regulators that customers should expect to see a rate reduction in January, reflecting the settlement. The company expects rates to increase later next year to cover the costs of buying power, but the size of the increase will be buffered by the settlement…

WASHINGTON – An index designed to predict the future health of the economy rose in October at the fastest pace in three months.
The Conference Board said Thursday that its index of leading indicators increased 0.9 per cent last month following a 0.7 per cent rise in September, which had been initially reported as a slightly stronger 0.8 per cent gain. The October reading was the best showing since a 1.2 per cent jump in July.
Conference Board economist Ken Goldstein said the October performance “points to continued economic growth through the holiday season and into early 2015.” But he said there were continuing concerns about slow business investment and lacklustre income growth.
The leading index is composed of 10 forward-pointing indicators and eight showed strength in October, led by favourable interest rates and gains in manufacturing orders.
Stock prices were a drag on the index in October and average weekly manufacturing hours held steady.
The overall economy grew at a solid 3…

Plan will aim to replace up to 15 per cent of income, with workers and employers each contributing 1.9% of annual earnings up to $90,000.