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  • Victoria ranked best Canadian city to be a woman; Windsor, Ont., ranked worst

    October 17, 2017 12:00 PM 5

    OTTAWA - A study has found Victoria is the best city in Canada to be a woman, in spite of the wage gap between men and women worsening slightly there in recent years. The CCPA says Victoria is the only city on the list where more women than men are employed, and they account for nearly half of all senior managers and elected officials. But it says the wage gap in the city is on par with the rest of the country

  • Inflation jumps to five-year high

    October 17, 2017 10:52 AM 7

    The cost of living in Britain is rising rapidly, official figures show. The rate of inflation hit a five-year high in September, adding to expectations that the Bank of England will increase interest rates next month. The consumer prices index increased to 3 per cent in September, up from August’s 2.9 per cent and the highest reading since 2012, according

  • Bombardier CEO confident Airbus deal will resolve Boeing trade row

    October 17, 2017 10:37 AM 12

    Bombardier Inc.'s chief executive has expressed confidence that the deal to sell control of the C Series aircraft division to Airbus Group SE will resolve the trade dispute with Boeing Co. The agreement with Airbus could see some C Series aircraft assembled at its plant in Alabama. That would skirt duties of nearly 300 per cent that the United States

  • Midnight in Toulouse: How CSeries deal shook status quo

    October 17, 2017 8:22 AM 10

    TOULOUSE, France (Reuters) - Two years ago, Airbus Chief Executive Tom Enders halted negotiations to buy Canada’s CSeries program at midnight after the talks with Bombardier leaked to Reuters. On Tuesday, he performed a U-turn by backing a similar deal after all - again at dead of night. The nocturnal gymnastics by Europe’s largest aerospace group stunned

  • Europe's Airbus to buy majority stake in Bombardier CSeries program

    October 16, 2017 11:00 PM 12

    CSeries headquarters will remain in Montreal area, 2nd assembly line will be set up in Alabama European aircraft giant Airbus Group is buying a majority stake in Bombardier's CSeries program. The partnership is expected to result in significant CSeries production cost savings by leveraging Airbus's supply chain expertise, but Airbus won't be paying any money

  • Home Capital sells off payment services wing to focus more on core business

    October 16, 2017 8:01 PM 4

    TORONTO - Home Capital Group Inc. (TSX:HCG) says it has reached an agreement to sell its payment processing and prepaid card business as it looks to further streamline operations. The Toronto-based alternative mortgage lender says the sale of the business will save about $20 million in annual salary and other operating costs, while giving up the $18 million

  • Eco-friendly cargo ship Avontuur docks in Montreal

    October 16, 2017 6:01 PM 7

    With its eight sails, the Avontuur is unlike any other cargo ship currently plying the world’s waters. Billed as the 21st century’s first eco-friendly cargo ship, the 43.5 metre long schooner is now docked in the Port of Montreal, having just brought over cargo from Europe. Built in Germany in 1920 and refurbished in 2016 to include solar panels and wind turbines

  • TSX up moderately as loonie loses ground

    October 16, 2017 4:29 PM 7

    Canada’s main stock index has made minor gains this morning as the loonie has lost ground. The Toronto Stock Exchange’s S&P/TSX composite index was up 26.06 points to 15,833.23, after about 90 minutes of trading. In New York, the Dow Jones industrial average was up 40.67 points to 22,912.39. The S&P 500 index was up 2.65 points to 2,555.82 and the Nasdaq

  • Sears Canada executive chairman resigns, liquidation expected to start Oct. 19

    October 16, 2017 2:52 PM 4

    TORONTO - Sears Canada Inc. says executive chairman Brandon Stranzl has resigned from its board of directors following court approval last week for the retailer to begin its liquidation sales. Sears Canada has been operating under court protection from creditors since June. Stranzl had led a group that was interested in buying the retailer and turning

  • Workers at General Motors CAMI plant vote on tentative agreement

    October 16, 2017 12:07 PM 8

    TORONTO - Workers at General Motors' CAMI plant in Ingersoll, Ont., are to vote Monday on whether to accept a tentative agreement and end a four-week-long strike. The contract proposal was hammered out last week and Unifor, which represents the 2,800 workers affected, is recommending the deal be accepted. Few details are being released, but Unifor officials