Aerospace
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Quebec CSeries workers have mixed feelings about Bombardier-Airbus deal
Speaking about the tough trade-off, one union co-ordinator said it’s “better to build (a plane) for 70 per cent of the market and sell thousands of planes, than build 100 per cent of an aircraft… and we sell no planes at all”
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Morneau limits scope of income reform to affect just 3% of private corporations
The tweak to Morneau’s original proposal comes after an onslaught of complaints that warned cracking down on passive investments could adversely affect middle-class entrepreneurs
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U.S. Congress report says Trump’s got it wrong on NAFTA
The report from the republican-led Congress says it’s not feasible to use trade agreements as a tool to decrease trade deficit because those imbalances “are determined by underlying macroeconomic fundamentals”
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10 WTO member states denounce Trump’s ‘Buy American’ order
China and Taiwan have joined a number of traditional U.S. allies, including Canada, Isreal and the EU, in urging the U.S. to honour its WTO government procurement commitments
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NAFTA tensions erupt: Countries admit talks struggling, push deadline into 2018
There will be no “quick fix” to NAFTA. Canada, the U.S. and Mexico aren’t necessarily breaking up, but they’re now publicly bickering over everything from dairy and autos, to Buy American rules and whether trade deficits “matter”
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Bombardier shares soar after Airbus deal
Under the deal, the CSeries headquarters and main assembly line will remain in the Montreal area, but a second line will be set up at Airbus’s plant in Alabama
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Aerospace shocker: Bombardier gives Airbus majority stake in CSeries unit
The 50.1 per cent interest in the CSeries is a way to avoid huge import duties imposed by the U.S., but neither Bombardier or the Quebec government will be paid any money. A giddy Airbus executive called the deal a ‘win-win’
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Mold maker Weber Manufacturing investing $7.9M to expand Midland, Ont. plant
The project will boost the plant’s capacity by about 30 per cent and create 17 new jobs
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Bombardier exploring sale of Q400, CRJ units amid CSeries trouble: report
The company is looking into selling its Toronto- and Montreal-based turboprop and regional jet programs as Boeing puts the screws to its new CSeries jets in a subsidy dispute, Bloomberg reports
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BoC says business optimism is moderating
The Bank of Canada says several indicators in its most recent survey have been tempered from strong summer survey results, including businesses’ plans to increase spending over the next 12 months