10 shutdown of machines or complete shutdowns of facilities in Eastern Canada. |
Everybody gets 78 per cent of what they've put up. |
If the newsprint demand is not there they now have the financial flexibility to look at making other products, |
Prior to this they didn't have much flexibility; they were shutting down high cost assets, but didn't have the financial flexibility to do profitable projects like reducing energy costs. |
The worst is yet to come, ... You're going to see more shutdowns. |
Why would you give 22 per cent to your competition? I've never heard of it, where you have your competition making record profits south of the border and Canada has to give 22 per cent. This money belongs to the companies and their shareholders, and the Canadian government is giving it away. |