Business

Bombardier sees drop in revenue but trims losses

New Brazil recently filed trade complaint over government assistance to Bombardier The Canadian Press Posted: Feb 16, 2017 8:23 AM ET Last Updated: Feb 16, 2017 8:25 AM ET Related Stories Bombardier Inc. says it had a $981 million US net loss last year. That was an improvement over 2015, when the Montreal-based company’s full-year loss was more than five ...

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Pierre Karl Péladeau returning to helm of Quebecor

After a brief foray into politics, Pierre Karl Péladeau is returning to his business roots and will once again run the media conglomerate Quebecor. Péladeau, 55, served as president and CEO of the Quebec-based company, founded by his father Pierre, from 1999 to 2013.  The company announced Thursday he will return to that role, effective immediately. He ran successfully for the Parti ...

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Beyond NAFTA tweaks: How Trump’s anti-trade talk could be bad for Canada

Following a daily barrage of Donald Trump-related political craziness, the normalcy of Prime Minister Justin Trudeau’s White House visit earlier this week was almost surreal in its ordinariness. Maybe that’s what we can expect from here: just a series of handshakes, working lunches and collegial joint statements. After all, odds are that Congress won’t pass a border adjustment tax. And ...

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Relying on rising home prices could be a fool’s strategy: Don Pittis

New data from the Canadian Real Estate Association indicates the rules have suddenly changed for people trying to buy into Canada’s pricey real estate market. The latest CREA figures are not in themselves worrying, showing prices are roughly flat.  Of course, an average figure disguises wide differences in areas such as Toronto, where prices continue to soar, and Newfoundland and Labrador, where ...

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Canada Goose files for public offering on TSX, NYSE

Luxury winter jacket maker Canada Goose has filed for initial public offerings on the Toronto and New York stock exchanges under the symbol “GOOS.” The company said in regulatory filings it had revenue of $291 million in fiscal 2016, up from $152 million in 2014, and gross profit of $146 million. Canada Goose opened its first retail stores last year ...

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Higher salaries predicted in energy sector as oil prices stabilize: Conference Board

The stabilization in oil prices has Alberta businesses growing increasingly optimistic about 2017’s economic climate. According to the Conference Board of Canada’s Mid-Year Pulse Check — an update report on the board’s annual Compensation Planning Outlook —  that optimism has resulted in a 1.4 to 1.6 per cent rise in salary projections in the oil and gas sector this year.  The number is ...

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Trump’s labour secretary candidate withdraws from consideration

New There were concerns Andrew Puzder’s nomination would be blocked in the Senate Thomson Reuters Posted: Feb 15, 2017 4:38 PM ET Last Updated: Feb 15, 2017 4:38 PM ET Fast-food chain executive Andrew Puzder formally withdrew his name from consideration to be U.S. Secretary of Labour on Wednesday amid mounting concerns he could not win enough Republican support to ...

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Alberta shuts down Lexin Resources, leaving a big mess to clean up

The Alberta Energy Regulator (AER) has suspended the operation of Lexin Resources, leaving more than 1,600 well sites, pipeline segments and other facilities to be cleaned up or sold off.  This is the largest suspension order ever by the AER. Calgary-based Lexin, which also operated a sour gas plant in southern Alberta, has 1,380 well sites, 201 pipeline licences and 81 facilities. Those have ...

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Under Armour CEO responds to criticism of Trump praise

The CEO of Baltimore-based sports apparel company Under Armour responded Wednesday to criticism he received after calling President Donald Trump “an asset to the country.” In an open letter to Baltimore published as a full-page advertisement in The Baltimore Sun, Kevin Plank wrote that he wanted to clarify what values he and his company stand for. “In a business television ...

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Xplornet to enter Manitoba cell market as BCE-MTS deal wins Ottawa’s approval

BCE Inc.’s acquisition of Manitoba Telecom Services has been given the green light by the federal government, but with conditions aimed at boosting Xplornet Communications Inc. as a regional competitor in the mobile wireless market. In a release issued Wednesday, the federal Competition Bureau said it has agreed, after a nine-month investigation, to BCE’s $3.1-billion deal for MTS, that will see BCE sell some ...

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