Transportation
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Manufacturing sales make U-turn in August, tick up 1.6%
Statistics Canada says the increase was driven by higher sales in the transportation equipment and petroleum and coal product industries
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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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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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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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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 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