Public Sector
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Amazon would save $1.5B a year in salaries if it moves to GTA: advisor
Premier Kathleen Wynne’s business adviser Ed Clark says the province plans to ramp up training for students offers highly-trained talent at a savings when compared to most U.S. jurisdictions
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Google sister company to help build high tech community on Toronto waterfront
Alphabet-owned Sidewalk Labs has been chosen to build a smarter, greener neighbourhood on Toronto’s once-industrial eastern waterfront.Google will also relocate its Canadian headquarters to headline the new development
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Airbus, Ottawa negotiated long-term requirements before inking CSeries deal
Sources say some terms were negotiated in advance by the government and Airbus, which include keeping 100 per cent of those employed at Bombardier’s Mirabel plant and repaying the recent $372-million federal loan to Bombardier
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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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Omnitrax says damaged Churchill rail line can be quickly fixed, but it won’t pay
Transport Minister Marc Garneau has issued an ultimatum to Denver-based Omnitrax that it has 30 days to fix the rail line and restore service or face legal action
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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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U.S. travel ban again struck down by federal court
A federal judge in Hawaii ruled against the latest restrictions, saying they ignore a federal appeals court ruling against the previous ban and are counter to “the founding principles of this nation”
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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