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Tag Archives: Canada

Canada still outpacing China in trade with the U.S., but only barely


OTTAWA — Yes, there’s an unstoppable chain of Chinese freighters headed toward the U.S. coastline. And U.S. goods are just as speedily going in the other direction. But don’t count Canada out of the race for trade just yet — even if it could be losing the most cherished trader status …

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Air Canada third-quarter profit beats estimates as fuel costs ease


Air Canada reported third-quarter profit that beat analysts’ estimates as fuel costs decreased and revenue rose during the carrier’s busiest travel season. Adjusted earnings increased to $2.50 a share from $1.55 a year earlier, topping the $2.20 average of 12 analyst estimates compiled by Bloomberg. Revenue of $4.02 billion exceeded …

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Canada’s jobs growth smashes expectations — and it wasn’t all the election


OTTAWA — More than 44,000 jobs were added overall to Canada’s economy in October, following meagre hiring in the previous four months, and enough to push the unemployment rate slightly lower. But that was enough to push the country’s total employment level above 18 million for the first time. Some …

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GM’s future in Canada still uncertain as Oshawa’s Camaro production set for move to Michigan


General Motors of Canada Ltd. is no closer to making a decision about the future of its assembly operations in Oshawa, Ont., but the company is nonetheless trying to position Canada as a global hub for automotive technology as the Trans-Pacific Partnership moves closer to reality. The last Chevrolet Camaro will roll …

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Canada’s oilpatch to become third largest contributor of new crude by 2040, but LNG prospects challenging: IEA


Despite the headwinds facing the Canadian oilpatch, the industry would likely add another 2.5 million barrels per day of crude oil by 2040, but don’t expect the country’s liquefied natural gas export industry to start up anytime soon, according to a new International Energy Agency report. The International Energy Agency’s …

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Starbucks Canada targets youth unemployment with program to hire at-risk young people


TORONTO — Starbucks Canada is expanding a program to address “a crisis” in youth unemployment by committing to hire 10 per cent of its work force from among the country’s disadvantaged young people. The Opportunity Youth program was launched as a pilot in Toronto in April. Starbucks will expand the …

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Bank of Canada’s Carolyn Wilkins says innovation key, as central bank policy ‘stretched to its limits’


OTTAWA — When it comes to monetary policy, there appear to be few limits to innovation, both during and after the global economic and financial meltdown between 2007-09. “Confident as we are in how we do things,” says Canada’s No. 2 monetary policymaker, the Bank of Canada is examining how …

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How Canada is becoming the orphan equity market nobody wants


Canada is the orphan equity market nobody wants. First oil, now Canada's corporate heroes are crashing — no wonder bond investors are running for the exit Turmoil with market heavyweights Valeant Pharmaceuticals and Bombardier has helped push Canadian high-yield bonds to their worst performance since 2008. Read on Hammered by …

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Canada Goose plans to double staff at new Winnipeg factory as it eyes global expansion


Canada Goose plans to double staff at a new factory in Winnipeg by early next year as it lays the groundwork for a bigger international expansion. President and CEO Dani Reiss says a new facility opened last month and already employs 80 people. He hopes to see that level spike …

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Toronto’s Mink Mile is Canada’s most expensive place to rent retail space, but still a long way from Fifth Avenue


TORONTO — Toronto’s famed “Mink Mile,” home to some of the world’s most luxurious retail brands, is the most expensive place to rent space in Canada, according to a new study. But even making it to the top spot in Canada only places the country’s largest city at 21st in …

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