Winnipeg Free Press

Winnipeg Free Press (Newspaper) - October 26, 2006, Winnipeg, Manitoba a14 Winnipeg free press thursday october 26, 2006 business Dodge continued from Page a13 Ontario Premier Dalton Mcguinty Inco looks at Thompson expansion heading into an election year conceded the slowing Economy would Impact provincial revenues but said his government is Well positioned to weather new owner the downturn. We can manage it we can manage it. I Don to believe its a cause for panic Mcguinty told the Summit during an afternoon session. Has growth plans for Dodge made the predictions on a Day when Federal finance minister Jim Fla Herty who spoke at the conference on Nickel giant wednesday warned a softening Economy ? particularly in Ontario and que ? would Likely eat into the Federal by David Friend budget surplus. The latest figures show Ottawa collected $6.7 billion More than it spent t Oronto ? As the dust settles Between april and August $2 billion around what began As a hostile ahead of the Pace set last year and near takeover of Canadas Inco Ltd. By double the $3.6-billion annual surplus tax Noceo Scott hand says the Flaherty predicted in his Spring budget. Prosperous Nickel company is looking while growth in Ontario and Quebe to expand its operations at Thompson has slowed because of the squeeze on and Sudbury. The manufacturing sector caused in part hand sat alongside Roger Agnelli by rising Energy costs and a High Cana ceo of new owner companoia Vale do Dian Dollar Oil and natural Gas Rich West Rio Doce nose Rio of Brazil at a Ern provinces such As Alberta an press Confer British Columbia Are growing above thence wednesday we need National average and face worker Short to discuss pre people Ages while generating soaring retail luminary plans sales. After the $19-Bil-this is not a . Is also benefiting from a Resur lion transaction slash and Burn gence in the mining sector which is that forms a new cashing in on High prices for Nickel cop Deal company called per Zinc and other base metals. ? Inco ceo card Inco. The while Ontario will Bear the Brunt of Scott hand event featured a the . Slowdown this slowing should ceremonial not be prolonged Dodge said. Swapping of the real Challenge for policy maker sports jerseys. Is to address the Long term structural we need people this is not a slash issues facing the Ontario and Burn Deal hand said. Dodge cited the example of Ireland instead he said Inco is laying out which turned its Economy around by plans to expand in the Sudbury Basin focusing on human capital and develop of Northern Ontario which hand called ing a skilled and adaptable workforce one of the jewels of the Inco Crown handout photo As a Model for the province. And at the miners Nickel operations in investment in infrastructure such As the Northern Manitoba Community of Roger Agnelli left Scott hand celebrate the coming together of their companies by exchanging National jerseys. Highways Public transit Power and Thompson. Edits offer of $86 a share to nov. 3 and full Cost or reduce leverage on the Inco from current Levels will remain Suffi waterworks will also be key to address Inco is also developing a major mine said it intends to take Steps to transaction within two or three years. A gently ing Ontario a Long term economic Suc at Voisey a Bay in northeastern acquire the remaining Inco common we have a very Strong Cash flow As part of the transition process Cess he added. Labrador a project that will become shares. And the Market is very Strong. Every Agnelli said card management will the Bank a latest review a twice year one of the company a key new sources last week Toronto based Inco Post thing is positive he said. Gain knowledge of the Canadian Cully economic forecast says growth this of Nickel an Industrial Metal widely de the highest quarterly profit in its yet new York based Moody Sture and expand the company. Year should hit 2.8 per cent Down from used in the production of stainless 104-year history with third Quarter investors service downgraded cards hand handed Agnelli a team Canada the 3.2 per cent predicted in the Las steel. Numbers soaring to us$701 million up local currency issuer rating on hockey Jersey with the card presi review in july. Growth next year was hand divulged Little information on a from us$64 million in the same period wednesday to reflect the additional dents name emblazoned on the Back revised Down to 2.5 per cent from 2.9 per projected timeline for planned expand last year helped by Strong production debt being incurred to finance its As player ?01.? Agnelli returned the cent. Sions but said the company can to Ful and robust Nickel prices. Acquisition estimating actual debt at favour with a soccer shirt from Brazil Dodge conceded those forecasts could Fil All of the needs of our customers cards Agnelli told a news Confer about $23 billion on a proforma basis. With the same player number. Be off however if Consumers decide to right ence that the company in to planning Moody a analyst Brian Oak said in an hand said he plans stay on As Inco Start spending even More. And they Day earlier card said it was mov to sell Inco assets. Investors report that the revised rat ceo for As Long As Agnelli needs him might. Ing to desist Inco from Stock markets we do not need to fund the transact ing reflects the very Strong Cash Gen though reports have suggested the 65-?household income continues to grow after acquiring about 76 per cent of the Tion by Selling assets he said. We do rating ability of the company Given year old will retire within a year. Consumer credit growth is currently Canadian miners shares with its not work to the current Nickel and other metals quite High and House prices have been takeover bid. He told reporters that at current prices and Moody a expectation that rising sharply he said. The brazilian Iron Ore giant extend Nickel prices card could cover the Metal prices while Likely to moderate Canadian press ? Canadian press storage foot facility he opened less than a year ago at about 85 per cent of their Trade its business Kenaston Boulevard and Sterling Lyon Park clients who offer the greatest growth Poten continued from Page a13 Way. Tial. Haug a grand Forks businessman who also one such client is Bob Fisher owner of g & with All the new construction and expand owns self storage facilities in East grand of International a Winnipeg general contractor Sion Ward expressed concern the Winnipeg Forks minn., and on the . Air Force base specializing in landscaping Snow removal Market has gone from being under serviced near grand Forks n.d., said there was a void renovations and erecting steel buildings. Just two or three years ago to being almost in the Winnipeg Market when he first looked everything i need is there Fisher said Over serviced. Into expanding Here about three or four years adding he could never afford to buy a facility its quickly reaching saturation he said ago. That offers that level of Security surveillance adding he and his wife Mona Gauthier Proba he said the kinds of self storage facilities cameras 24-hour monitoring Etc for his Bly would to have built their $2.2-million com that seem to be in highest demand these Days materials and equipment or the business ser plex if they a known three years ago there a feature newer attractive looking buildings vices. Be this much new construction taking place. Good Security systems and an on site manag a Bonus is that the storage facility is prov Kulba and another operator who is looking or. Ing to be a place to network with other Smalto expand his self storage operations Here ? to differentiate their business Ward and business operators Fisher said. Howard Haug owner of Kenaston self Stor Gauthier also offer their clients a variety Osage ? agreed the Winnipeg Market is Likely business related services at mint self storage approaching saturation. Including an on site boardroom fax machine Mike Aporius / Winnipeg free press but its not overbuilt in my end yet Haug copier Printer and a computer. . said which is Why he plans to add 23,000 mint self storage uses secure lock system on lockers. Ward said while homeowners account for Square feet this Winter onto the 30,000-square? ;