Quebecor saves money $45 million annually with Sun Media Restructuring

Sun Media Corporation announced Tuesday a restructuring initiative expected to result in over $45 million in annual savings.

The moves, which include the closure of production facilities in Ottawa and Kingston, include the elimination of nearly 500 positions across the organization.

“This restructuring is regrettable but warranted by changes in our industry which force us to align our cost structure with the new reality,” said Pierre Karl Peladeau, president and CEO of Sun Media.

“With the recent announcement of a major strategic redesign of Sun Media’s organizational structure, restructuring further streamlines and optimizes our operations. By doing so, Sun Media is proactively leading the way to ensure long term success.”

Peladeau said the initiative doesn’t diminish his company’s commitment to its publications, readers, advertisers or employees.

“We will continue to deliver quality content, with local presence, and maximum value to our advertisers,” he said. “We very much regret the impact that this has on employees who are departing our organization and would like to thank them for their contribution.”

Week-end Money Update – August 31, 2012

MONEY Canada – Canadian Money

The Toronto stock market registered a solid gain amid signs of Canadian economic growth and U.S. Federal Reserve chairman Ben Bernanke kept the door open for another round of economic stimulus.

 The S&P/TSX composite index rose 63 points to 11,949..

 The Canadian dollar closed up 67-100ths to 101.45 cents US as Statistics Canada said gross domestic product increased by 0.2 per cent in June, against the 0.1 per cent rise that economists had expected.

 The Dow Jones industrials moved up 90 points to 13,091 as Bernanke said that the Fed will act to promote growth as needed. The Nasdaq composite index climbed 18 points to 3,067.

 Oil gained $1.85 to US$96.47 a barrel.

 Traders are now looking ahead to the Fed’s next rate announcement on Sept. 14, after officials take in the release next Friday of the August job creation data.

 There’s plenty of other market moving events next week, including Thursday’s interest rate announcement by the European Central Bank, when it’s hoped the ECB will announce moves to control borrowing costs of some of the weakest eurozone countries.

Check back for updated business and financial news Tuesday morning before the market open.

The Last Post – New 20 Dollar Bill Remembers Vimy Ridge Give back to those who gave the most. New $20.00 Remembers Vimy Ridge do you?

OTTAWA, Aug. 27, 2012 /CNW/ – For most of us, references to Vimy Ridge only hint at a distant high school history lesson on the First World War. But with the passing of Canada’s last veteran of the First World War in 2010, it is becoming increasingly important for us to remember the sacrifices of a generation of men and women whose lives were touched by war.

Each November we don our poppies as a symbol of remembrance, but this year we’ll have another reason to pause and take note.

The new polymer $20 bank note will begin circulating in November; its new design may serve as a refresher history lesson on a victorious battle that is often described as Canada’s coming of age.

The back of the $20 note features the Canadian National Vimy Memorial and pays tribute to the contributions and sacrifices of Canadian men and women in all military conflicts. The iconic monument is located in Vimy, France, and commemorates the Battle of Vimy Ridge. The monument bears the names of the 11,285 Canadian soldiers with no known resting place in France.

Poppies also appear on the back of the new $20 note. These images of the flowers that are synonymous with remembrance will soon be seen by Canadians every day.

The Battle of Vimy Ridge

On 9 April 1917, all four divisions of the Canadian Expeditionary Force united for the first time to take Vimy Ridge, a strategically important position in France that had eluded previous attempts by Allied forces between 1914 and 1916.

The Vimy Memorial

Located at the highest point of Vimy Ridge, the memorial was erected on land granted permanently to Canada by France in 1922, in recognition of Canada’s war efforts. The inscription on the base of the monument reads, “To the valour of their countrymen in the Great War and in memory of their sixty thousand dead this monument is raised by the people of Canada.”

Designed by Canadian sculptor Walter Seymour Allward, the limestone monument features two pylons that stand 30 metres high. With a maple leaf carved in one and a fleur-de-lis in the other, the pylons represent the sacrifices of people from Canada and France.

There are twenty sculpted allegorical figures on the monument. Among them is a group known as “The Chorus.” They represent the virtues of Peace, Justice, Hope, Charity, Faith, Honour, Truth and Knowledge. Reaching upward with a torch, Peace is the highest figure on the monument.


The presence of red poppies in battlefields and burial grounds throughout Europe during the First World War inspired the symbol of remembrance that we know today. Mourning the death of a friend, Canadian military doctor and artillery commander Major John McCrae wrote “In Flanders Fields,” the now-famous poem that reflects on the living presence of poppies in a landscape devastated by war.

On 11 November, people around the world will pause to remember. With this new $20 note, Canadians will soon have another means to remember—year-round and every time they open their wallets.

For more information on polymer notes and their security features, visit

Did You Know?

The $20 note accounts for over half of all bank notes in circulation. There are over 845 million $20s in circulation.

Watch the $20 Note Video

Visit and watch the new $20 polymer bank note video that describes the Vimy memorial and explains the note’s innovative security and design.

Vimy Foundation

For more information about the battle and the Vimy memorial, visit or

SOURCE: Bank of Canada


For further information:For high resolution images of polymer notes, more information and free training tools:
1 888 513-8212For story ideas or to get more information on Canadian bank notes, please contact media relations at 613 782-7305 or email


Apple Juice – Samsung ordered to pay 1 Billion in Damage

Apple submitted the list after a jury found Samsung copied the iPhone and iPad in creating and marketing the products.

The products are:

Galaxy S 4G
Galaxy S2 AT&T
Galaxy S2
Galaxy S2 T-Mobile
Galaxy S2 Epic 4G
Galaxy S Showcase
Droid Charge
Galaxy Prevail

A judge will decide the issue later.

Apple claimed in a sweeping lawsuit that Samsung’s smartphones and computer tablets “slavishly copied” the iPhones and iPads. Samsung countered with its own claims that Apple used its wireless technology without proper compensation. Etch-a-Sketch should be in a great position to sue Apple and Samsung as the original tablet maker after the 10 commandments were written in stone.

A nine-person jury in its verdict last week unanimously agreed with Apple and ordered Samsung to pay $1 billion. Most of the damages were tied to Samsung’s smartphones. It rejected Samsung’s counterclaims.

The award represents about 1.5% of Samsung’s annual revenue. Analysts said the embarrassment of the verdict is a bigger blow for Samsung than the financial setback.

Still, the question remains whether Samsung and other Apple competitors will have to redesign their smartphones to avoid infringing Apple’s patents. Most analysts agree the verdict sends a threatening message to device makers like Samsung who use Google’s Android operating system.

Gerald Trites – Me and My Money – Technology Thursday

Gerald Trites has technology and information technology down to a science. Trites with practical years of knowledge behind him he continues to explain and explore all things computer related.  Gerald has a lot of experience and while in his pursuit to author important e-commerce related information, collateral and books he has some time to carefully explain new and important concepts to MONEY readers, followers and subscribers.

Gerald Trites is interested in learning, sharing and continuously growing and recommends the same to all others. Gerald is a positive influence to MONEY.CA and so he was asked to teach by example and author as a “You and Your Money” financial writer for his favorite subject material of “technology”. This technical-genius has made his authoring skills and his expert in subject matter available to tell the continuing story and evolution of  Internet and computer products, services and applications.  Thursday is Gerald Trites Day each and every Thursday one of the smartest, experienced computer geeks and Internet aficionado tells the rest of us in laymen terms what is happening fast and furiously in the computer age. Gerald is senior editor The MONEY Networks latest site and collaboration – coming soon to Technology Thursday on MONEY.CA

Gerald Trites – Me and My Money – Technology Thursday



Weekend Money – The Rock – Muskoka Monday Special

xclusive offer fromhe Rock Golf Club

Thank you to all who attended our exclusive offer this past wednesday.  The Rock Golf Club is offering another exclusive rate to all of our valued guests.  On Monday August 20th, 2012 we are offering Twilight All Day $79 plus tax!

Call us today and mention you received this message, to receive your special rate.

*This offer is only valid for Monday August 20th, 2012.

Call us at 705-765-7625

MONEY News Site

Canadian Money News and Money Canada have come up with a great new “LogoStrat” meaning a smart new strategy and a creative and vibrant logo that says exactly what it means.  Money isn’t everything but is does mean many different things to many different people. MONEY you love it or hate, you need it even if you despise it and the thought of it. While other just love it, want it and covet it somehow the new saying “bling” has always been around along as people, rulers and royalty leveraged something more than just mite.

MONEY for us at is important both in meaning, print and online and providing timely relevant news and information takes a dedication that we are committed to. MONEY News has a new logo and it means business, it means finance, it means commerce and it says “invest with confidence”. MONEY by design has 3 powerful layers of online financial content. “Me and My Money” is a well-written personal finance  Super-blog powered by and pays to follow for your local economy and wallet share. “You and Your Money” not just another blog a Canadian financial, writer, author, blogger perspective with unedited straight talk on personal finance, new prouducts and services.

MONEY News combines a strong focus on Personal Finance with the strongest business media prescence on the Internet today. The next level of website and marketing push is now ready to be revealed; perhaps the first of its kind built at the right time for all the right reasons.

MONEY Media – and media giants like are working together with MONEY to get the financial news and information out to where it naturally belongs.  Today collaboration is the keyword to get news and information out to the right intended target audience. Top media companies rely on MONEY to get all their new to all the right target markets, a purposefully built online destination place for Canadians concerned about their finances look for answers, ideas and advice.  MONEY is “financial content” and naturally our business is selective “financial advertising” and at the same time due to our excellent online prescience and media prowess we take advantage of our ability promote “Financial Literacy”. is celebrating the fact that as an important and critical keyword we have worked hard to bring in the MONEY and financial news from the humble beginnings of a small newsletter to a niche and darling company that has all respect and favour in business and charity. MONEY News is moving to the next level of its vertical growth and is re-creating the entire site to be a complete financial news site which will give MONEY greater reach in Canada and the world for all the right reasons.  MONEY – – MONEY News stay tuned; coming soon…


Money in Canada

Me and My Money
Me and My Money - Canadian Money

Money in Canada – Money Canada Limited has created a concept traditional with the keyword “money” and an online destination place the equals the  investment marketplace.  MONEY has always been a very important keyword and always will be. MONEY is more organized as a company and philosophy and subscribes to be profitable by way of promoting “Financial Literacy” through Social Media.

Everyone has heard of money and by now everyone has heard of social media in part and still do not rightfully acknowledge what they don’t fully understand yet. The one good thing is that MONEY does understand that t is  part and parcel and necessary for payback.  Companies are starting to relate to social media as we explain the new concept of “The Social Currency” its how gets paid for facilitating the communication between people, products and services.  The big companies will pay for all the small good ideas that allow for a more even playing field. Money in Canada engages all people in one form or another, the mediums we use best describe The MONEY Vertical. Money in Canada attracts and retains all of the right target markets for all of the right reasons.

MONEY is now on Twitter! Get connected.

Get MONEY Updates via text message.

Twitter is a free social networking and micro-blogging service that allows its users to send and read other users’ updates (otherwise known as tweets), which are text-based posts of up to 140 characters in length.

Updates are displayed on the user’s profile page and delivered to other users who have signed up to receive them. The sender can restrict delivery to those in his or her circle of friends (delivery to everyone being the default). Users can receive updates via the Twitter website, instant messaging, SMS, RSS, email or through an application such as Twitterrific or Facebook. For SMS, four gateway numbers are currently available: short codes for the United States, Canada, and India, as well as a United Kingdom number for international use. Several third parties offer posting and receiving updates via email.

Warren Buffet’s “Business Wire” partners with MONEY.CA

Business Wire is a subsidiary of Berkshire Hathaway. Everyone knows Warren Buffet as one of the richest men in the world some know him as the “Oracle of Omaha” and others know him as a great business man. Business Wire is a world-class press and media release organization and owned by Berkshire Hathaway not as a media outlet but a quality business and profitable company.

Business Wire is the global market leader in commercial news distribution. Thousands of member companies and organizations depend on Business Wire to transmit their full-text news releases, regulatory filings, photos and other multimedia content to journalists, financial professionals, investor services, regulatory authorities and the general public worldwide.

Business Wire has the most comprehensive news and disclosure network in the world. We originate hundreds of thousands of news announcements each year, with a dramatic impact on capital and commercial markets around the globe and in virtually every industry sector.

MONEY.CA online is proud to be a partner with great and prominent individuals like Warren Buffet, companies like Berkshire Hathaway and top quality media organization’s like Business Wire.

Business Wire competes well world wide amongst other media companies and has a stake in an important stake in the Canadian financial markets. Business Wire recognizes MONEY.CA online as a contemporary platform to share their news and important information exclusively with entities that can attract and retain the Canadian audience. Business Wire has the highest quality news, media and information releases available where most sites that may be entitled to receive these feeds must pay for the service.

Money Canada Limited has negotiated to receive the entire Business Wire FTP without cost and with great enthusiasm when considering the win win advantage of both MONEY.CA and Business Wire. MONEY is proud to work with Business Wire and also to be an exclusive media partner. MONEY.CA readers and subscribers can enjoy top quality business and finance news and information reserved for the elite and pay per service.

MONEY essentially has created 3 important streams of financial content that are important, practical and may provide useable information. Me and My Money is a personal finance blog and provides the perspective of the MONEY.CA online editor which includes Money Magazine the full 4 color process Magazine. You and Your Money is a dedicated group of 30 to 40 top Canadian financial writers, authors and bloggers who regularly contribute the real news on money and personal finance. MONEY News is the complete FTP collaboration of – – – – and NASDAQ’s

MONEY gets, carries and creates the next level of combined media to those who want, warrant and need it most. Business Wire Canada is an important ally and partner of Money Canada Limited for financial content delivery and Canadian financial literacy promotion.


Business Wire Canada
144 Front Street West
Suite 340
Toronto, ON M5J 2L7

888.381.WIRE (9473)
Fax: 416.593.8434