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Discount carrier NewLeaf Travel says it’ll resume selling low-cost flights within the next couple weeks since it’s received the go-ahead from Ottawa to continue operations. Chief executive Jim Young says the organization expects its first flight to take off as soon as late spring or early summer. In the meantime, it will focus on reintroducing itself to consumers. Late Tuesday, ...

OTTAWA – Bill Morneau has spent a lot of his post-budget time criss-crossing the country to sell the Liberal’s deficit-heavy spending intends to Canadians. Now, the finance minister is taking that same message to the world’s largest financial centres – beginning in New York, and followed by stops in Paris and London. For Canadians, his message is really a familiar ...

EDMONTON – Canada will require more than two years to regulate fully towards the stop by oil prices, a senior Bank of Canada official said on Wednesday, signaling no quick end to a shock which has roiled the economy. The oil price crash is over – let the recovery of Alberta’s hard-hit economy begin The crash has ended. The rebuilding ...

The recent terrorist attack involving a bombing at the Brussels Airport hasn’t altered the Ontario Teachers’ Type of pension appetite for infrastructure investments, the plan’s chief executive said Wednesday. Teachers’ owns a 39 per cent stake within the airport in Belgium, which was hit along with a busy Brussels metro station within an attack this month that left a lot ...

Valeant Pharmaceuticals International Inc’s directors and key officers have received a cease-trade order through the securities regulator in the Canadian province of Quebec, around the company’s request, Valeant said on Thursday. In another statement, the Autorit Des Marches Financiers (AMF) said an order against trading shares becomes effective Thursday and it is in place for 15 days. Contained in the ...

The authorities is granting Air Canada more flexibility over its maintenance work, proposing changes to the three-decades-old laws that govern the airline after it agreed to purchase Bombardier Inc.’s CSeries jets. The proposed amendments towards the 1988 Air Canada Public Participation Act, introduced Thursday by Transport Minister Marc Garneau, fulfill a promise made recently once the airline announced its intend ...

Murray Edwards, the billionaire investor and elder statesman of Canada’s hard-hit oilpatch, has left his Calgary home and relocated to London. Edwards’ move, that has been the source of speculation in Canada’s energy hub for weeks, was confirmed in a regulatory filing by Magellan Aerospace Corp., a Mississauga, Ontario-based aircraft manufacturer controlled by Edwards. The 56-year-old’s residence is listed as ...

OTTAWA – If you had to create a bet how Canada’s economy was going to fare later on, you’d be better off putting your money on private-sector economists’ predictions than the forecasts from the authorities. It seems non-governmental forecasts for nominal growth going back a lot more than 20 years – and used as a guide for Ottawa’s budget planning – have ...