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Air Canada will set its CSeries order within “weeks,” but some degree of government funding will still be essential to help Bombardier Inc. succeed, the airline’s chief executive said Monday. “It’s coming together pretty quickly now,” Air Canada CEO Calin Rovinescu told reporters when asked how quickly the airline will turn its letter of intent into a firm order. “We’re ...

The global economy is beset by a range of political risks, from terrorism to the U.K.’s potential departure in the Eu, at a time when growth is at best mediocre, IMF Md Christine Lagarde said. The world outlook is clouded by “weak growth, no new jobs, no high inflation, still high debt – all those stuff that ought to be low ...

Canadian exports in February posted their biggest one-month fall because the recession, in across-the-board declines that pared back recent gains. Shipments of products abroad fell 5.4 per cent to $43.7 billion during the month, the largest drop since May 2009 after rising to records in January. Imports fell 2.6 percent. Canada’s trade deficit widened to $1.9 billion, twice what economists ...

Hudson’s Bay Co. has reported a clear, crisp increase in both fourth-quarter and full-year net earnings as the department store group had a big boost from the sale of property investments. The company, whose banners include Hudson’s Bay, Lord & Taylor and Saks Fifth Avenue among others, said net earnings in the three months ended Jan. 30 was $370 million, ...

Saudi Arabia intends to almost double the size of its stock exchange, among the most closed on the planet, with the addition of a large number of companies and making it simpler for foreigners to invest. Saudi Arabia plans $2-trillion mega-fund to wean the kingdom off oil The $2 trillion fund could be large enough to buy Apple, Google, Microsoft ...

Despite the about some critics, a culling from the TSX Venture Exchange is not about to take place. Venture president John McCoach confirmed that while the exchange is looking at every possible choice to “revitalize” its business design, full of delisting has been ruled out. “We did look at that seriously,” he said within an interview. “We think there’s room ...

Royal Bank of Canada taken care of immediately the bank’s name appearing in documents leaked to expose activities in offshore tax havens by stating the Canadian lender has “established controls policies and operations in place” to detect and stop tax evasion. “We have an extensive due diligence process to ensure we understand who the client is and just what their ...