business
metronews.ca WEEKEND, May 3-5, 2013
Central banking surprise. Economist Stephen Poloz named new BoC governor Finance Minister Jim Flaherty has once again named an outsider to take over the critical economic and financial post of Bank of Canada governor, bypassing the institution’s traditional chain of command. The appointment of Export Development Canada chief executive Stephen Poloz, 57, was a mild surprise when it finally came Thursday afternoon, but would have been regarded a shocker a few months ago. Until speculation began to build about the long time it was taking to name a successor for the departing Mark Carney, most markets and economists were convinced the job would go to Tiff Macklem, the bank’s
Stephen Poloz The Canadian Press Quoted
“Who said central banking was boring? The choice of Stephen Poloz ... is a huge surprise.” CIBC, in a note to clients second-in-command, The Canadian Press
Triclosan. Safety of soap ingredient under review — after being sold for decades It’s a chemical that’s been in North American households for more than 40 years, from the body wash in your bathroom shower to the knives on your kitchen counter to the bedding in your baby’s basinet. But U.S. federal health regulators are just now deciding whether triclosan — the germkilling ingredient found in an
estimated 75 per cent of antibacterial liquid soaps and body washes sold in the U.S. — is ineffective, or worse, harmful. The U.S. Food and Drug Administration is planning to deliver a review this year of whether triclosan is safe. The ruling will determine whether triclosan will continue to be used in household cleaners. The Associated Press
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Factory collapse
Loblawtoaudit structuralintegrity ofsupplierbuildings Loblaw says it will continue manufacturing Joe Fresh clothing in Bangladesh and also take new steps to ensure the structural integrity of supplier factories in the wake of a building collapse that killed more than 400 people. “We must do a better job to enforce the safety of workers producing our products in Bangladesh and around the world,” Joe Mimran, who founded the clothing brand Joe Fresh, said Thursday before Loblaw’s annual meeting. One of the factories in the building produced Joe items, but numerous other clothing makers were also in the complex. “I’m very troubled,” said Galen Weston, executive chairman of Loblaw. “I’m troubled by the deafening silence from other apparel retailers on this.” The Canadian Press
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U.S. regulators are reviewing the safety of triclosan, an ingredient found in about 75 per cent of antibacterial soaps and body washes. The Associated Press File
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