As per reports, it has been revealed that ArcelorMittal Dofasco, a steel company, which is based in Hamilton, has announced of giving $1.6 million in the form of grants to 31 community organizations.

While talking about the news, the officials of the company were of the view that they will be providing the sum from their Corporate Community Investment Fund. Juergen Schachler, who is the president and CEO of Dofasco, was of the view that they have always given additional value to community strength.

Concerned over the forecast of yet another recession, Canada’s Finance Minister Jim Flaherty has urged the European leaders to take stern steps to tackle the menace of recession. It has come to light that
if Europe didn’t controlled its financial crisis then soon the Canadian economy would become the victim of it.

During a television interview, Flaherty said, "The avoidance of a recession depends on the ability of the Europeans to take the actions they need to take”. While addressing to the banking sector of the

Festival organizers have reported that China has surprised the judges by presenting their fireworks on the first night of the 21st competition of Light Title. China has invented fireworks more than 14 centuries ago and it was a close competition. The three shows were produced by Sirius Pyrotechnics of Montreal.