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Business Canada

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  • TORONTO, Oct 1- Air Canada, the country's largest airline, said on Monday it would transfer its fleet of 15 73- seat Embraer 175 aircraft to privately-held Sky Regional Airlines Inc next year, part of its cost-cutting push.

  • BRIEF- Honda Canada recalls about 29,947 V6 sedans Monday, 1 Oct 2012 | 2:01 PM ET

    Oct 1- Honda Motor Co Ltd:. *Honda Canada-voluntary recall of about 29,947 Honda accord v6 sedans to. replace power steering feed hose in Canada.

  • OTTAWA, Oct 1- The Canadian government has decided it can squeeze more cost savings from its operations despite billions of dollars of already announced spending cuts, the cabinet minister in charge, Treasury Board President Tony Clement, told Reuters on Monday.

  • *New CEO, Robert Card, sees "a lot of potential growth areas". *La Presse reports SNC made "dubious payments" to win Montreal contract.

  • *Alberta premier sees "a lot of benefit" for province. OTTAWA, Oct 1- The premier of the oil-rich province of Alberta said she sees benefits from the proposed $15.1 billion sale of Canadian oil producer Nexen Inc to a Chinese state-owned company, but a survey published on Monday showed half the country's executives would oppose a no-strings deal.

  • NEW YORK, Oct 1- U.S. manufacturing unexpectedly grew last month for the first time since May but euro zone factories suffered their worst quarter since early 2009 and China lost steam, suggesting the global economy faces hurdles as it tries to outrun recession.

  • Gretzky hopes for NHL labor deal by Winter Classic Monday, 1 Oct 2012 | 1:01 PM ET

    TORONTO-- The Great One is optimistic about the NHL's labor situation. Wayne Gretzky thinks the league's lockout will end before the showcase Winter Classic between the Detroit Red Wings and Toronto Maple Leafs.

  • Oct 1- Standard& Poor's Ratings Services will hold a telephone conference call on Thursday, Oct. 4, 2012 at 11:00 a.m. Eastern Daylight Time to discuss the outlook, key credit drivers and recent developments within the U.S. and European packaging sectors and what this could mean for specific packaging and packaging-focused forest products companies.

  • Honda recalls 600,000 Accords to fix faulty hoses Monday, 1 Oct 2012 | 11:47 AM ET

    DETROIT-- Honda is recalling 600,000 Accord midsize cars in the U.S. and Canada to fix a faulty power steering hose that can leak fluid and cause a fire. Honda has a report of one fire but no injuries or crashes. Any owner who suspects a leak should take their car to a dealer for inspection, Honda spokesman Ed Miller said Monday.

  • CHICAGO, Oct 1- As global economies from Beijing to Berlin struggle to keep their heads above water, a new wave of stimulus spending is under way.

  • *La Presse reports SNC made "dubious payments" to win Montreal contract.

  • Oct 1- Syncrude Canada Ltd, a Canadian oil sands company that counts Suncor Energy Inc and Nexen Inc. as partners, will start a project that may extend the life of its Mildred Lake mine in Alberta by about a decade. unit Mocal Energy and Murphy Oil Corp.

  • AAA: Average price of gasoline in Washington $4.03 Monday, 1 Oct 2012 | 11:28 AM ET

    BELLEVUE, Wash.-- The average price of a gallon of gasoline in Washington remains above $4 a gallon. The AAA auto club reports the average price in the state Monday is $4.03.

  • TORONTO, Oct 1- Canada's main stock index hit its highest level in more than a week on Monday, starting the new quarter on positive ground as U.S. economic data surprised to the upside and investors bet on continued support from central banks.

  • Lobster Academy teaches lobster basics Monday, 1 Oct 2012 | 11:05 AM ET

    The Lobster Academy runs from Monday through Thursday in St. Andrews, New Brunswick. The dean of the school is Bob Bayer, the head of the University of Maine's Lobster Institute. The academy evolved from the Lobster Institute's Lobster College, which was held in Boothbay Harbor and Winter Harbor for several years.

  • *Global CCPs approved with some conditions* Canada satisfied enough safeguards in place. TORONTO, Oct 1- Canada will allow market players to use either global or local central counterparties to clear standardized over-the-counter derivatives, the country's central bank said on Monday.

  • *Canada satisfied enough safeguards in place. TORONTO, Oct 1- Canada will allow market players to use either global or local central counterparties to clear standardized over-the-counter derivatives, the country's central bank said on Monday.

  • Oct 1- Honda Motor Co Ltd is expanding a recall in North America to include more than 600,000 Accord mid-size sedans to address a potential power steering fluid leak problem that could cause a fire under the hood.

  • Oct 1- Bombardier Inc, the world's largest train maker, said it won two contracts totaling about 121 million euros for rail networks in Germany and Malaysia. Separately, it said it will also supply five double-deck trains to Deutsche Bahn AG, the German national railway company, for about 50 million euros.

  • CANADA STOCKS-TSX up 1 percent to 1-week high Monday, 1 Oct 2012 | 10:10 AM ET

    TORONTO, Oct 1- Canada's main stock index rose 1 percent to its highest in more than a week on Monday, as investors started the new quarter hoping for aggressive action from central banks after economic data from Asia and Europe showed further signs of slowing global growth. The Toronto Stock Exchange's S&P/TSX composite index.