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  • WestJet updates training in response to plane issues linked to Lion Air crash

    November 16, 2018 10:11 PM 8

    WestJet, which has 10 737 Max aircraft in its fleet, says it worked with Transport Canada and other airlines over the past two weeks to revise its flight manual and increase training on a part of the anti-stall system, a feature that pilots at WestJet and other airlines were unaware existed. On Thursday, the Air Line Pilots Association, which represents

  • Millennials plan to spend big this holiday season — on their pets

    November 16, 2018 9:12 PM 9

    Pet stores are trying to cash in on the trend. Petco is rolling out products targeted at gift-seeking consumers, with Christmas and Hanukkah-themed stockings, toys and treats already on shelves. The company is also gearing its latest dog apparel brand, “Reddy,” toward millennial shoppers, according Chief Merchandising Officer Alex Tomey. Christopher

  • Relief is about to roll down the tracks in Canada’s oil crisis

    November 16, 2018 4:38 PM 5

    Relief for Canada’s oilpatch is gradually rolling down the tracks, with producers aiming for big volumes of crude by rail to counter their worst glut ever. A tally of plans from five producers including Cenovus Energy Inc., Canadian Natural Resources Ltd. and Imperial Oil Ltd. shows they’re looking to add about 270,000 barrels a day of exports on tank cars to potentially

  • Bombardier executive stock plan under the microscope by securities regulator

    November 16, 2018 11:43 AM 7

    The premier was speaking on the eve of a meeting between Economy and Innovation Minister Pierre Fitzgibbon and Bombardier chief executive Alain Bellemare, a week after the company announced it would lay off 5,000 workers, including 2,500 in Quebec and 500 in Ontario. The multinational has not ruled out the possibility of spinning off the CRJ series

  • Insurance Bureau of Canada says updated rules needed for driverless vehicles

    November 15, 2018 11:29 PM 6

    Canada needs to modernize its auto insurance rules to accommodate driverless vehicles and should adopt a single insurance policy model similar to one that became law in the U.K. last summer, the Insurance Bureau of Canada said in a position paper Thursday. “Automated vehicles are coming to Canada’s roads, and the laws that govern insurance and vehicle

  • Heavy Canadian crude falls to record low amid production cuts

    November 15, 2018 11:23 PM 6

    The price collapse comes as pipeline bottlenecks in Western Canada constrain exports just as WTI experienced a record losing streak amid rising U.S. stockpiles and projections for reduced demand. Producers including Canadian Natural Resources Ltd. and Cenovus Energy Inc. have responded to the price drop by curtailing what could amount to as much as 140,000 barrels

  • Canadian stocks a ‘huge contrarian buy,’ BMO investment chief says

    November 15, 2018 6:40 PM 7

    He’s not paring his bullish view on Canada, admonishing a group of portfolio managers in Toronto for being scared of low oil prices, household debt and the perception that fiscal policy is uncompetitive. “I think Canada is positioned for a huge recovery and a huge surprise with respect to performance,” Belski told the Portfolio Management Association

  • Alberta energy firms split on call for government imposed production cuts

    November 15, 2018 6:36 PM 5

    CALGARY—Oilsands and refining giants Suncor Energy Inc. and Husky Energy Inc. are rejecting a call by rival Cenovus Energy Inc. for government-imposed production cuts to reduce an oversupply of oil in Alberta linked to steep price discounts. Suncor has no exposure to the “differential” between Western Canadian Select bitumen-blend crude and New York-traded

  • Corbyn risk weighs most on firms filling Britain’s bath tubs

    November 15, 2018 6:24 PM 7

    Why? The U.K. Labour Party, under Jeremy Corbyn has pledged to nationalize sections of the industry, while also hitting it with new caps aimed at slashing household bills. The latest episode of Conservative Party turmoil re-stoked fears that a Prime Minister Corbyn could one day be a reality. “Today’s news does make the market more worried that the Labour

  • Marijuana startup backed by John Boehner goes public in Canada

    November 15, 2018 6:00 PM 6

    “We humbly believe we’re leading that hunt,” Murphy said in an interview. “We intend to maintain that pole position.” Murphy made his initial weed investment in 2011, putting money into a medical cannabis company in Maine. Acreage has since acquired licenses in Massachusetts, California, New Jersey, Florida, New York and other states. It’s jockeying