Business Canada

  • TORONTO, Sept 24 (Reuters)- Canada's Unifor union has set a tentative strike deadline of midnight Oct. 10 for talks with Fiat Chrysler Automobiles NV, the labor group said on Saturday as it prepares to vote on a related deal with General Motors Co.. Unifor, which represents close to 10,000 Fiat Chrysler workers in Canada, said in a statement the strike deadline of...

  • TORONTO, Sept 24- Canada's Unifor autoworkers union has set a tentative strike deadline for 11:59 p.m. on Oct. 10 for talks with Fiat Chrysler Automobiles NV, the labor group said in a statement on Saturday.

  • OTTAWA, Sept 23- A Canadian review of a proposed Petronas-led liquefied natural gas plant has found the project would have a significant environmental impact that requires major remedial measures, two sources briefed on the report said. The Liberal government of Prime Minister Justin Trudeau has until Oct. 2 to decide whether to approve the Pacific NorthWest...

  • MONTREAL, Sept 23- Canada's Bombardier Inc and the China Railway Rolling Stock Corporation, longstanding partners in the Chinese domestic rail market, said on Friday they had expanded their relationship to join forces on international bids. "The agreement sets the stage for us to win more joint bids, both in China and worldwide," said Mike Nadolski, a spokesman for...

  • TORONTO, Sept 23- Investors in Canadian real estate investment trusts say they are looking to niche sectors like industrials, multifamily housing and senior housing, given the group's strong run in 2016 and the longer-term risk of increases in interest rates. "They're a touch more expensive since the start of the year, but they're pretty reasonable versus the...

  • *Bank of Canada cut interest rates twice last year. OTTAWA/ TORONTO, Sept 23- Canada's annual inflation rate in August dipped to a 10- month low and retail sales unexpectedly fell in July, disappointing markets and reviving talk that the Bank of Canada was more inclined to ease monetary policy than tighten. The Bank of Canada, which last year cut rates twice to...

  • Indigenous supporters from Canada are already bringing supplies and financial donations to Standing Rock Sioux, which Phillip said he recently visited. Treaty Alliance is "absolutely" willing to illegally block construction of any pipeline proposals that proceed, including TransCanada Corp's Energy East pipeline across much of Canada and Kinder Morgan...

  • Linda Merlo, an airbnb host from the Bronx, speaks at a rally on the steps of New York City Hall showing support for the company on October 30, 2015 in New York City. The New York City council is currently debating how to regulate the controversial company.

    Airbnb faces a 'buzz saw" of political opposition in some of its biggest markets. Here's how it can win the fight, says Bradely Tusk.

  • RIO DE JANEIRO— The board of Brazilian state-run oil giant Petrobras has approved the sale of a key natural gas pipeline unit to a group of investors led by Toronto- based Brookfield Asset Management. Petrobras says the group will pay $5.2 billion over five years to acquire a 90 percent stake in the Nova Transportadora do Sudeste unit. A Friday statement says the...

  • ALBANY, N.Y.— The Trump Hotel Collection company has agreed to pay $50,000 and shore up data security after breaches exposed more than 70,000 credit card numbers and other personal data, the state's attorney general said on Friday in announcing a settlement. In May 2015, multiple banks analyzed hundreds of fraudulent credit card transactions and determined...

  • *Ontario Teachers cuts allocations to 10 funds- sources. LONDON, Sept 23- Canada's third-largest public pension plan has halved the number of computer-driven hedge funds in its investment portfolio and put more money into the funds its sticking with, sources with knowledge of the matter told Reuters. Ontario Teachers' allocates $11.4 billion to hedge funds,...

  • *Bank of Canada cut interest rates twice last year. OTTAWA, Sept 23- Canada's annual inflation rate in August dipped to a 10- month low and retail sales unexpectedly fell in July, disappointing markets and reviving talk that the Bank of Canada was more inclined to ease monetary policy than tighten. The Bank of Canada, which last year cut rates twice to counter the...

  • OTTAWA, Sept 23- Canada's annual inflation rate in August dipped to a 10- month low and the value of retail trade unexpectedly fell in July, according to weaker-than-expected reports seen keeping the central bank more inclined to ease monetary policy than tighten. The Bank of Canada, which last year cut interest rates twice to counter the effect of low oil prices,...

  • Investors should start brushing up on astrophysics to understand why the world's economy may be approaching a cosmic conclusion, says Stephen Scott.

  • KARLSRUHE, Sept 23- Germany's Constitutional Court will rule on Oct. 13 on a complaint by activists aimed at stopping an ambitious trade agreement between the European Union and Canada. The European Commission hopes that the governments of the EU states can approve CETA before Brussels signs the accord with Ottawa on Oct. 27. A trade agreement with South Korea...

  • TORONTO, Sept 22- General Motors Co's Oshawa plant will do final assembly work on at least 70,000 pickup trucks a year once investments promised in its Canadian unit's new labor agreement are complete, according to two sources close to negotiations. GM reached a tentative labor deal with Unifor, the union that represents its Canadian manufacturing workers,...

  • WINNIPEG, Manitoba, Sept 22- Aboriginal tribes from Canada and the northern United States signed a treaty on Thursday to jointly fight proposals to build more pipelines to carry crude from Alberta's oil sands, saying further development would damage the environment. The move came as Native American tribes on Thursday took their fight to Washington to stop...

  • Sept 22- GCT Global Container Terminals Inc, a North American operator of four marine container terminals which could be valued at more than $4 billion, including debt, has hired investment banks to review its options, people familiar with the matter said. GCT operates four container terminals: GCT Bayonne in the Upper New York Bay in Jersey City, New Jersey, GCT New...

  • TORONTO, Sept 22- General Motors Co's Oshawa plant will do final assembly work on at least 70,000 pick-up trucks a year once investments promised in the company's new labor agreement are complete, according to two sources close to negotiations. GM reached a tentative labor deal with Unifor, the union that represents its Canadian manufacturing workers, early on...

  • TORONTO, Sept 22- General Motors Co's Oshawa plant will do final assembly work on at least 70,000 pick-up trucks a year once investments promised in its Canadian unit's new labor agreement are complete, according to two sources close to negotiations. GM reached a tentative labor deal with Unifor, the union that represents its Canadian manufacturing workers,...