Friday, August 17, 2018

Air Canada exec to become new CEO of Air France-KLM

Air Canada chief operating officer Ben smith is leaving the company to become the chief executive at Air France-KLM. https://www.cbc.ca/news/business/ben-smith-air-france-klm-ceo-1.4787950?cmp=rss

Second Cup may convert some Ontario coffee shops to cannabis cafés

Shares of Second Cup gained ground Thursday, a day after the coffee chain said it was eyeing converting some of its Ontario...

Canadian manufacturing sales top expectations, gain 1.1% in June

Canadian manufacturing sales rose more than expected in June, boosted by a 16 per cent surge in oil and coal shipments. https://www.cbc.ca/news/business/canada-manufacturing-june-1.4787546?cmp=rss

U.S. judge orders Keystone XL pipeline review in setback for Trump

A federal judge in Montana on Wednesday ordered the U.S. State Department to do a full environmental review of a revised route...

Air Canada exec reportedly on board as Air France CEO would face labour headwinds

Two French airline unions blasted Air France-KLM this week after reports the Franco-Dutch carrier will name an Air Canada executive as its...

Alberta Securities Commission panel denies order against short-seller Cohodes

The Alberta Securities Commission has rejected a requested order to prevent American short seller Marc Cohodes from trading shares in or providing...

Uber narrows quarterly loss as company polishes tarnished image

Uber is still struggling to make money while the ride-hailing service's CEO deals with the headaches left behind by his predecessor. https://www.cbc.ca/news/business/uber-earnings-1.4786575?cmp=rss

U.S. SEC subpoenas Tesla over Musk’s tweets: report

The U.S. Securities and Exchange Commission has sent subpoenas to Tesla regarding chief executive Elon Musk's plans to take the company private...

E-commerce giant Shopify bans sale of some firearms and accessories

A policy update that Shopify quietly posted this week shows merchants can no longer use the platform to sell automatic firearms that...

Metro faces supplier pressure, expects higher grocery prices in the future

Canadian grocery giant Metro Inc. is already facing pressure from suppliers to accept higher prices in light of a recent tariff war...