Canada’s planned curbs on overseas student work may hurt tight job market
By Wa Lone TORONTO (Reuters) – Canada’s planned curbs on work by international students could spark shortages of temporary workers in food services and retail industries as employers are wrestling with a…
Canada’s Air Transat reaches new deal with flight attendants’ union
(Reuters) -A union representing 2,100 flight attendants has reached an agreement over a new labor contract with Canadian leisure carrier Air Transat, the Canadian Union of Public Employees (CUPE) said on Monday,…
Investors pin hopes on Canada’s mid-sized EQ Bank after blockbuster 2023
By Nivedita Balu TORONTO (Reuters) – In a tough year for Canadian banks, shares in mid-sized lender EQB Inc jumped more than 50% on solid earnings growth, making it the best-performing banking…
Canada’s Assembly of First Nations elects new leader
OTTAWA (Reuters) – Canada’s Assembly of First Nations (AFN) on Thursday elected Manitoba regional chief Cindy Woodhouse as its new leader, replacing the previous national chief who was removed by the Indigenous…
Canada’s Ivey PMI rises to 7-month high in November
TORONTO (Reuters) – Canadian economic activity expanded at its fastest pace in seven months in November, Ivey Purchasing Managers Index (PMI) data showed on Wednesday. The seasonally adjusted index rose to 54.7…
Canada’s national broadcaster to cut 600 jobs over next year
(Reuters) – CBC/Radio-Canada said on Monday that it plans to cut about 600 union and non-union positions over the next year, as the national broadcaster implements cost-saving initiatives. The proposed job cuts…
Canada’s Brookfield raises record $28 billion for infrastructure fund
(Reuters) -Canada’s Brookfield Asset Management said on Friday it had raised $28 billion for its largest-ever fund, wagering on infrastructure assets the company believes would benefit from a shift to “deglobalization”, given…
National Bank of Canada’s fourth-quarter profit jumps on capital markets strength
(Reuters) – National Bank of Canada reported a rise in fourth-quarter profit on Friday, as a strong performance at its capital markets unit helped offset the hit from bigger provisions. An uncertain…
Canada’s oil province Alberta forecasts increased C$5.5 billion budget surplus
(Reuters) – Canada’s main oil-producing province Alberta on Thursday forecast an increased surplus of C$5.5 billion ($4.06 billion) for the 2023/24 fiscal year, fuelled by strong bitumen royalties and higher income tax…
Brazil’s Embraer gets new order from Canada’s Porter Airlines for 25 more jets
SAO PAULO (Reuters) – Brazilian planemaker Embraer said on Wednesday that Canada’s Porter Airlines placed a firm order for an additional 25 E195-E2 aircraft for $2.1 billion. The deal, which will be…
Canada’s Magna, Unifor reach tentative labor deal
(Reuters) – Canada’s Magna International has reached a tentative agreement with Unifor, a company spokesperson said on Monday, the latest in a series of deals struck by North American labor unions following…
Canada’s OMERS buys 5% indirect stake in Toronto Raptors-parent MLSE for $400 million
(Reuters) – Canadian pension plan OMERS said on Monday it will acquire a 5% indirect stake in Maple Leaf Sports & Entertainment (MLSE), the parent company of hockey’s Toronto Maple Leafs and…
Canada’s Conservative leader urges rejection of RBC’s offer for HSBC Canada -media
(Reuters) – Pierre Poilievre, Canada’s Conservative party leader, called for the federal government to reject Royal Bank of Canada’s C$13.5 billion ($9.84 billion) offer to buy HSBC’s domestic unit, the Globe and…
Canada’s grocery chains pledge to help cut food prices, govt says
OTTAWA (Reuters) – The Canadian government, under political pressure to tackle high inflation, said on Thursday the country’s five major grocery chains had made an initial commitment to help stabilise food prices.…
Canada’s Ivey PMI shows activity expanding at slower pace in September
TORONTO (Reuters) – Canadian economic activity expanded at a slower pace in September as a measure of employment climbed to its highest level in six months, Ivey Purchasing Managers Index (PMI) data…
Canada’s Trudeau wants India to cooperate in murder probe, declines to release evidence
By Michelle Nichols NEW YORK (Reuters) -Canadian Prime Minister Justin Trudeau on Thursday called on India to cooperate with an investigation into the murder of a Sikh separatist leader in British Columbia…
Canada’s Stelco Holdings is said to weigh bid for U.S. Steel – Bloomberg News
(Reuters) – Canada’s biggest steelmaker Stelco Holdings is pursuing a bid for U.S. Steel Corp, adding to a growing list of suitors for the iconic American company, Bloomberg News reported on Thursday,…
Canada’s Trans Mountain pipe expansion to disrupt oil flow to US, boost prices
By Nia Williams and Stephanie Kelly CALGARY (Reuters) – Canada’s Trans Mountain oil pipeline expansion (TMX), which will nearly triple the flow of crude from Alberta to Canada’s Pacific Coast beginning early…
Canada’s housing crisis will take years to solve -finance minister
(Reuters) – An affordable housing crisis that is hurting the Canadian government’s popularity will take years to resolve, even if construction hits an 80-year high, Finance Minister Chrystia Freeland said on Saturday.…
Canada’s Rogers to sell $2.2 billion in bonds to repay debt
(Reuters) – Canada’s Rogers Communications said on Thursday it is pricing in a C$3 billion ($2.19 billion) bond offering to repay short-term debt and other borrowings. Rogers is selling its Canadian dollar-denominated…
Canada’s mortgage stress test is ‘imperfect’; review ongoing -regulator head
TORONTO (Reuters) – The head of Canada’s banking regulator said on Thursday its mortgage stress test was “imperfect” and “incomplete” as homeowners on a variable rate mortgages struggle to repay their loans…
Canada’s Ivey PMI shows activity rebounding in August
TORONTO (Reuters) – Canadian economic activity expanded in August, rebounding after a contraction in the previous month, Ivey Purchasing Managers Index (PMI) data showed on Thursday. The seasonally adjusted PMI rose to…
Canada’s largest pension fund trims staff as it puts China deals on hold – sources
By Julie Zhu and Kane Wu HONG KONG (Reuters) – CPP Investments, Canada’s biggest pension fund, has laid off at least five investment professionals at its Hong Kong office as it steps…
Canada’s Conservatives tout leader as family man after Trudeau separation
By Steve Scherer OTTAWA (Reuters) – Less than a week after Canada’s Liberal Prime Minister Justin Trudeau announced the likely end of his marriage, his Conservative rival Pierre Poilievre launched an ad…
Canada’s corporate watchdog probes Ralph Lauren on alleged use of forced labor in China
(Reuters) – Canada’s corporate ethics watchdog said on Tuesday it was investigating Ralph Lauren’s Canada unit to probe allegations the apparel retailer’s supply chain and operations in China used or benefited from…
Canada’s Ivey PMI shows activity contracting in July
TORONTO (Reuters) – Canadian economic activity contracted in July for the first time in seven months as a measure of employment fell, Ivey Purchasing Managers Index (PMI) data showed on Friday. The…
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