News
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Wholesale sales gain 0.5 per cent in August, Statistics Canada says
The increase, which was in line with economist expectations, was led by personal and household goods as well as motor vehicle and parts subsectors
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Future of Bombardier’s other commercial aircraft unclear: analysts
The Montreal-based company’s CSeries deal with Airbus should allow it to shift some resources to its business jet programs, but where the Q400 turboprop and aging CRJ aircraft fit into Bombardier’s business may be more complicated
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Sask. premier Wall halts plan for corporate tax cut
The provincial budget planned for a phased-in corporate tax cut from 12 per cent to 11 per cent by July 1, 2019, but the premier said the cut is no longer necessary to stay competitive
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GE renewing its focus on returning to industrial roots, looks to cut $2B in costs
GE’s new CEO John Flannery said the company will shed business units worth more than $20 billion over the next several years and plans to cut US$2 billion in costs in 2018
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EU antitrust watchdog searches Daimler, Volkswagen offices over cartel concerns
The European Commission is probing allegations that German carmakers colluded on technology, including diesel emission controls
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Half of all Canadian Tim Hortons franchises now part of rebel group battling owner RBI
The Great White North Franchisee Association was formed over numerous disagreements with restaurant chain owner RBI, including the use of advertising funds and cost-cutting measures that it says impact quality
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‘The U.S. is not a dictatorship’ Veteran MP says it’s time for Congress to do its job on NAFTA
Bob Nault, who heads the House of Commons foreign affairs committee, says Trump and his administration should “let the negotiators do their job, and do it quickly with a very firm understanding of what the direction is”
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Airbus, Bombardier plan for long CSeries partnership despite take-out clause
The European plane maker has the option to buy out Bombardier’s stake in the aircraft program in about seven years and take full ownership of the planes the Montreal firm spent billions developing
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Contractor dies at Suncor site in Fort McMurray
RCMP are investigating, along with occupational health and safety officials, after a worker was buried while digging a trench
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Tennessee train derailment sends rail cars plowing into buildings
Local police say that 50 Norfolk Southern cars have derailed, and at least two buildings were damaged, but no one was injured