WestJet Soars Into Sale Agreement Valued At $5 Billion
CALGARY — Onex Corp. has signed a friendly deal to buy WestJet Airlines Ltd. in a deal it valued at $5 billion, including assumed debt. Under the agreement, Onex will pay $31 per share for WestJet, which will continue to…
Money Laundering In B.C. Drove Up Home Prices By 5% In 2018: Report
VICTORIA — A report that estimates $5 billion was laundered through British Columbia’s real estate market last year also lifts the lid on the extent of illegal cash moving across Canada. Some $7.4 billion overall was laundered in B.C. in…
Jeff Bezos Wants To Send A Spaceship To The Moon
WASHINGTON — Amazon tycoon Jeff Bezos said Thursday he’s going to send a spaceship to the moon, joining a resurgence of lunar interest half a century after people first set foot there. Bezos said his space company Blue Origin will…
Canada's Unemployment Rate Drops To 5.7% As Country Adds Impressive 107,000 Jobs In A Month
The Canadian dollar jumped by half a cent on Friday morning after Statistics Canada reported record-shattering job growth for April. The country added 107,000 net new jobs last month, with young workers, older workers over 55 and women making particularly…
Women In Boardrooms Study Finds Less Than A Fifth Of Positions In Canada Held By Females
OTTAWA — Statistics Canada says women fill 19.4 per cent of the seats on corporate boards of directors across public, government and private organizations, but more than half of all boards were composed entirely of men. The report released today…
Bernadette Jordan, Rural Economic Development Minister, Says U.S. Support On China Spat Would Be Helpful
OTTAWA — A Nova Scotia cabinet minister says the federal government would welcome any help the United States could offer in helping Canada in its ongoing dispute with China. “I would say that it would be helpful, for sure,” Rural…
Freedom Mobile Data Breach Hit 15,000 Customers, Company Says
TORONTO — Freedom Mobile confirmed Tuesday it had a data security breach from late March to late April, but the wireless carrier said only about 15,000 customers were affected — far fewer than an outside research firm’s estimate. The Calgary-based…
Canada's Viola Desmond $10 Bill Wins International Banknote Of The Year
HALIFAX—Canada’s new $10 bill featuring Nova Scotia human rights icon Viola Desmond has been named banknote of the year. The bill, which also features a map of Halifax’s historic north end as well as the Canadian Museum for Human Rights…
SNC-Lavalin Reports Net Loss For Latest Quarter, Says It Will Exit 15 Countries
MONTREAL — The head of SNC-Lavalin Group Inc. said the company will wind down its operations in 15 countries and swear off bidding on fixed-price contracts in the mining industry as it reported a loss in its latest quarter. “We…
Climate Plan Infighting May Hurt EU Trade Deal, McKenna Says
OTTAWA — Canadian dithering about climate action could put France’s support for the Canada-Europe free trade agreement at risk, Environment Minister Catherine McKenna says. McKenna left for France on Friday, bound for a G7 nation environment ministers’ meeting where protecting…