Canadian Business Wire

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Rick Clarke of the Nova Scotia Federation of Labour says that Nova Scotia Premier Rodney MacDonald is distorting facts around the issue of allowing health care workers and their unions to strike.

Premier Rodney MacDonald and his government are attempting to win support for their proposed ban on health care strikes in the province.

"The premier is trying to mislead the public by suggesting in the media that eight provinces have banned health care strikes. This is simply false. Only three provinces have done so and for him to suggest otherwise is a desperate attempt to distort the facts," says Clarke.

At issue is the ability for health care workers to strike, and in what manner. The Nova Scotia Federation of Labour says the issue has become one-sided and that under closer examination, "Seven provinces in Canada continue to allow health care workers to strike. The eight provinces the premier is talking about have so-called 'essential services' legislation, which is nowhere near the same thing."

According to the Canadian Auto Workers union, the automotive trade balance is on track to set a record deficit this year. This is the finding of a study conducted by the CAW.

Entitled Canada's Deteriorating Automotive Trade Performance, the CAW report penned by Jim Stanford shows cumulative data that auto exports and imports so far this year will leave Canada with a trade deficit nearing $8 billion.

Currently Canada's largest portion of the trade deficit comes with Japan. Korea and China also account for lop-sided trade deficits. Imports from China for instance have risen by over 1200 per cent over the past ten years.

Canadian Auto Workers union is looking to more attention paid to various free trade agreements and their impact on the Canadian auto sector. At present, Canada is involved with yet another free trade agreement, this time with Korea.

The Scotiabank reported today that their third quarter results are nearly a record. Income over the quarter amounted to $1,032 million versus $936 million the same period last year. This quarter's earnings are down slightly from quarter two due to the force of lower interest and loan loss recoveries.

Shareholders will be happy, as earnings per share have increased 10% to $1.02 from $0.93 in the same period a year ago.

Rick Waugh, Scotiabank President and CEO said of the third quarter results, "This performance underscores our diversification and ability to invest in long-term growth initiatives while continuing Scotiabank's record of achieving strong quarterly results."

Totally rejecting the claims by the U.S. government against BC's lumber industry, the B.C. Lumber Trade Council is ready to battle over softwood lumber once again.

The U.S. government is moving to file for arbitration over the claim that Canada is failing to comply with the agreed terms of the 2006 Softwood Lumber Agreement.

John Allan who is the President of the Lumber Trade Council rejects this outright by saying the claims being made are without merit. "We categorically reject the claims against the British Columbia industry. We have reviewed the negotiating history, our submissions on early drafts, and the final language of the Agreement. From these reviews we have concluded that we are in full compliance."

Volkswagen Canada is announcing that in July total sales were up almost 3 per cent. Total new vehicle units sold were 3,347. Leading the way with its best ever sales month was the City Jetta.

Volkswagen Canada is enjoying a YTD sales increase of over 21 per cent. With 130 Volkswagen retailers in Canada, Volkswagen was able to sell 22,850 new units in the past twelve months.

Volkswagen Canada Inc is based in Ajax Ontario. VW is Europe's largest automaker.

The average Canadian house price is set to rise by another 9.5% nationally. This is one of the findings from a report issued by Royal LePage Real Estate Services.

The report also found that Canada's national average house price is forecast to exceed $300,000 for the very first time. Total home real estate sale transactions are also projected to rise sharply and finish 2007 with 522,306 unit sales.

Phil Soper, president and CEO of Royal LePage Real Estate Services says, "The momentum from the year's extraordinary start spilled into the second quarter, compounding typically busy spring market activity and stimulating solid price appreciations in almost all regions of the country. These conditions will certainly be an impetus characterizing Canada's real estate market through to year's end."

The energy boom in Alberta continued to have an impact on the housing market. Sales are still up, but the runaway prices that have characterized Calgary and Edmonton for the past eighteen months have started to ease.

A new survey finds that law firms enjoying a boom in business. Amongst those polled, 69% of lawyers responded that business was up and their law firms were undertaking more projects and cases that they did last year. By contrast only 6% of law firms reported a drop in business.

Showing the growth in litigation, commercial real estate, and intellectual property were creating high demand for law services, 26% of those surveyed said their law firm business was experiencing "significant increases" over last year.

These findings are from a survey conducted the law staffing service Robert Half Legal. The survey was conducted by an independent research firm and includes responses from 150 lawyers among the largest law firms in both the United States and Canada. Respondents to the survey reported a minimum of three years working in the legal system.

The high Canadian dollar is having little affect on Ontario's manufacturing sector and overall housing market according to a report by RE/MAX Ontario-Atlantic Canada.

Demand continues to remain high for real estate across Ontario. Only Windsor did not report an increase in real estate value. In the first five months of 2007, Timmins had the largest increase in demand for residential properties. Sudbury, Haliburton and Collingwood also posted double digit growth.

Executive Vice President and Regional Director of RE/MAX Ontario-Atlantic Canada, Michael Polzler said, "While an overall healthy economy has supported home-buying activity, consumer confidence in the future of housing has taken markets to the next level. Given current momentum, we expect demand for housing to continue throughout the traditionally slower summer months and shatter existing records for sales and/or price in many markets by year-end."

Emgold Mining Corporation is announcing that it has entered into an agreement with M Partners Inc. to act as its exclusive lead agent in connection with a brokered private placement offering on a best efforts basis to raise gross proceeds of up to $10,000,000 through the offer and sale of units of the Company.

The Company will issue up to 50 million units at a price of $0.20 per Unit. Each Unit will comprise one common share and one share purchase warrant. Each warrant will entitle the holder to purchase one additional common share for a period of 24 months from closing at an exercise of $0.35 per share.

The Agent will receive a cash fee equal to 8% of the aggregate gross proceeds of the Offering and compensation warrants exercisable to acquire that number of units that is equal to 8% of the total number of units sold in the Offering, at an exercise price of $0.20 per unit for a period of 18 months from closing.