Home » 2016 (page 34)

Yearly Archives: 2016

Peter Foster: Naomi Klein stars in ‘This Misrepresents Everything’

advertisement-72x8.png

Apart from the stock shots of effluent pipes and belching smokestacks, Naomi Klein’s idea of objectivity concerning the Alberta oilsands is to find a worker ready to blow his nose on the banknote in a Fort McMurray bar. Scenes like this make Klein’s documentary This Changes Everything, that will air on CBC on Thursday night, not just intellectually vacuous but downright objectionable. ...

Read More »

The OSC and CI Financial: Turning an $8M payment into a $156M settlement

osc2.jpg

Did the Ontario Securities Commission overplay its hand if this told everyone around you that it had garnered “the largest amount of investor compensation to date within an OSC no-contest”? Last week the OSC said it has reached a “no-contest settlement with CI Investments Inc.,” noting the “settlement involves approximately $156.A million being returned to harmed investors.” By any measure ...

Read More »

Air Canada announces plans to buy 75 Bombardier CSeries planes worth $3.8 billion

cseries.jpg

Air Canada said its costs would fall this year when the Canadian dollar remained unchanged from 2015 levels, and announced plans to buy up to 75 CS300 aircraft from Bombardier Inc as part of an agenda to renew its fleet. A falling Canadian dollar continues to be weighing on Air Canada since the company makes major purchases such as fuel ...

Read More »

Jack Astor’s, Canyon Creek owner commits to serving cage-free eggs this fall

world_animal_protection-_tim_hortons_commitment_to_use_only_cag.jpg

TORONTO – The owner of Jack Astor’s and Canyon Creek restaurants will soon start serving eggs laid by hens not alone in cages. SIR Corp, who owns the 2 restaurant chains and many others, announced Thursday all 64 of its restaurants can make the shift by September. Related Canadian egg farmers to change over completely to more humane hen housing ...

Read More »

Quebec drops lawsuit as Air Canada agrees to service CSeries jets in province

aircanada.jpg

QUEBEC CITY – Air Canada has decided to service as much as 75 passenger jets it’s buying from Bombardier Inc within the companies’ home province of Quebec for 20 years, officials said on Wednesday. Quebec will also drop a lawsuit it filed against Air Canada for not living up to a commitment to keep part of its aircraft maintenance operations ...

Read More »

Air Canada stock met with turbulence after CEO takes shot at ‘short-term investors’

air_canada_calin.jpg

Air Canada’s decision to prevent providing capacity guidance was a shot over the bow at short-term investors, but the shrapnel is hitting long-term investors too. The airline’s stock fell for that second day in a row Thursday after it said it won’t release capacity forecasts as well as stop providing monthly operational data. The stock has now lost 15.9 per ...

Read More »

Kinder Morgan Inc stock get boost as Warren Buffet takes stake

buffett.jpg

Warren Buffett’s Berkshire Hathaway Inc. added an investment in Kinder Morgan Inc. during the fourth quarter, snapping up shares from the pipeline operator since it’s market price plunged. Shares in Kinder Morgan were up almost 10 % at US$17.16 in trading Wednesday. Berkshire held 26.5 million shares of the company as of Dec. 31, based on a regulatory filing Tuesday ...

Read More »

Toyota recalls 2.9M SUVs after Transport Canada discovers rear seatbelt defect

toyota-rav-4.jpg

Toyota Motor Corp. is recalling 2.87 million SUVs worldwide following a Transport Canada investigation found a defect that may result in the rear seatbelt being severed in a crash. The recall includes 150,000 RAV4s in Canada in the 2006 to 2012 model years. Transport Canada engineers discovered the defect once they reconstructed a fatal crash involving a 2011 RAV4 that ...

Read More »