Around the North

In a rare television interview American Federal Reserve Chairman Ben Bernanke said the recession will "probably" end this year if the government succeeds in bolstering the banking system.

With a project 140 kilometres northeast of Cochrane, Detour Gold Corporation continues to fill out its management team with the recent appointment of Derek Teevan as vice-president, aboriginal and government affairs.

Aboriginal businesses across Canada are set to receive a $50 million helping hand in the form CAPE Fund Management Inc., an investment fund launched by former prime minister Paul Martin.

The Serpent River First Nation wants a greater say in proposed hydroelectric developments near their community on the North Channel of Lake Huron.

Next year's G8 Summit of world leaders in Huntsville is sure to benefit the Parry Sound-Muskoka area, said its MPP Tony Clement, Canada's Industry Minister.

The Sault Ste. Marie Innovation Centre is partnering with the National Research Council to host a full day Software Development Workshop.

A bad economy is impacting North Bay's Nipissing University.

Poor market conditions are being blamed for the layoffs of between 80 and 100 hourly employees this week at Essar Steel Algoma. In total, that brings 260 employees at the Sault Ste. Marie steelmaker who have been laid off since January.

The federal Minister of Industry Tony Clement met with mayors from four of Northern Ontario's five biggest cities to discuss new initiatives in the 2009 Conservative government's budget.

The union at Xstrata Copper Canada's Horne Smelter in Rouyn-Noranda voted 87 per cent in favour of an agreement in principle for the renewal of a collective agreement.