Business

800-pound gorilla thwarted by Bombardier’s savvy move: Don Pittis

Boeing’s attempt to sabotage Bombardier’s dazzling new jet is the best product review the CSeries has ever had. And almost bizarrely, Bombardier’s plan to donate a majority stake in the aircraft to the world’s second largest aerospace company may be the Canadian company’s shrewdest investment. Don’t take my word for it. Look at the Bombardier share price that shot up nearly 30 per cent ...

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Veteran investor Marc Faber booted from 3rd company after racist comments

Veteran investor Marc Faber has resigned his board seats at three companies based in Canada on Tuesday following comments he made in his investment newsletter that America was better off because it was settled by white people instead of black people. Late Tuesday, Vancouver-based mineral exploration and development company Ivanhoe Mines Ltd. was the latest firm to accept Faber’s resignation after ...

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Liberals to narrow scope of passive-income measure for private corporations

The federal government is moving to pare down its controversial tax proposal on passive income so that it will only affect three per cent of private corporations. Finance Minister Bill Morneau will be in New Brunswick on Wednesday to unveil changes to his passive investment proposal so that it only targets unfair tax advantages used by the wealthy, a senior ...

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Freeland calls U.S. NAFTA demands ‘troubling’ and ‘unconventional’

Foreign Affairs Minister Chrystia Freeland accused the United States of deliberately trying to undermine the North American Free Trade Agreement, calling its list of unconventional proposals “troubling.” Her remarks came during a tense joint news conference as the fourth round of NAFTA talks wrapped up in Arlington, Va., a suburb of Washington, D.C. As Freeland delivered the rebuke of the U.S. approach, her counterpart ...

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Dow Jones hits 23,000 mark for the first time

The Dow Jones Industrial Average breached the 23,000-mark for the first time on Tuesday, powered by strong earnings from UnitedHealth Group and Johnson & Johnson. The blue-chip index has surpassed four similar 1,000-point milestones this year, indicating investor faith in the bull-run despite lofty stock valuations. The TSX, meanwhile, was essentially flat, up 8 points to 15,810 late in the ...

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Canada’s supply management is flashpoint in NAFTA talks: Here’s why

Supply management: economists love to hate it, and Canadian farmers are loath to give it up. The politically explosive issue emerged yet again Monday as a flashpoint in increasingly heated NAFTA renegotiation talks after the United States asked for an end to the system within the next decade. So what, exactly is supply management, and why does it stir up so ...

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Trump likely to name Fed chair by early November: report

U.S. President Donald Trump has a pool of five candidates to choose from for the next chair of the Federal Reserve and is likely to announce his choice before going to Asia in early November, a source familiar with the situation said on Tuesday. Trump has an interview scheduled on Thursday with current Fed chair Janet Yellen, whose term expires ...

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Marijuana producer Aphria raises $80M, shares fall after TSX notice

Shares in Aphria Inc. fell more than 12 per cent in late-morning trading as the marijuana producer announced a deal to raise $80 million even as questions swirled about the future of its listing on the Toronto Stock Exchange. The company announced the bought-deal financing Tuesday that will see it issue more than 11 million shares at a price of ...

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Bombardier shares soar 24% on CSeries deal with Airbus

Breaking News of agreement with rival broke after stock market had closed on Monday CBC News Posted: Oct 17, 2017 10:01 AM ET Last Updated: Oct 17, 2017 10:18 AM ET Bombardier shares leaped more than 24 per cent in Toronto on Tuesday, the first trading window since news emerged Monday evening that the company had signed a partnership with ...

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Liberals turn to pasta to move past 3 months of fuss and fury over tax fairness

When the prepared statements were finished and the floor was opened for questions, the first reporter in line wanted to question Bill Morneau, about not just the government’s tax changes, but also whether the finance minister’s personal wealth was being ethically managed. But Justin Trudeau, standing at the lectern, declined to give way and let his minister respond. “I’ll take them,” ...

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