After the tech sector's brutal selloff and this year's strong run for utility and healthcare stocks, investors are now eyeing a shift into "cyclical" names.» Read More
*Reports record September load factor. *September load factor 84.9 percent, up 2.1 points. *Says September system traffic increased 3.1 per cent on a system-wide.
TORONTO, Oct 3- The Canadian government and its airlines could make a range of policy changes to slow the tide of 5 million travelers a year that head to the United States for cheaper flights, a think tank report said on Wednesday. Federal Finance Minister Jim Flaherty said the loss of travelers to the United States was troubling.
TORONTO, Oct 3- Shares of Air Canada contract carrier Chorus Aviation Inc fell nearly 10 percent on Wednesday, and an analyst warned it might have to cut its dividend, after an arbitration panel ruled in favor of Air Canada in a cost dispute.
Oct 3- WestJet Airlines Ltd said on Wednesday i t flew fuller planes in September t han in the same month a year earlier, helping Canada's No. 2 carrier deliver a third-quarter load factor that exceeded its expectations.
Oct 3- Chorus Aviation Inc:. *Jazz aviation lp received arbitration decision relating to benchmarking. provisions within cpa with Air Canada.
LONDON, Oct 3- Deutsche Bank is set to be the bank most affected, with profits hit hardest, by proposals to separate higher risk banking activities from traditional deposit-taking business, which are likely to affect about 20 banks, analysts said.
*British Columbia Premier Christy Clark has issued a veiled threat to withhold electricity needed to operate controversial oil sands pipelines if the projects do not meet her demands.
TORONTO, Oct 3- The Canadian government and its airlines can make a range of policy changes to slow the tide of 5 million travelers a year that head to the United States for cheaper flights, a think tank report said on Wednesday.
PARIS, Oct 3- Societe Generale said on Wednesday it had started exclusive talks to sell its loss-making Greek unit Geniki Bank to Greek lender Piraeus Bank as it seeks to cut its exposure to the debt-stricken country. Societe Generale is the latest French lender to pull out of Greece after expanding into the debt-laden country in the early 2000 s.
"Our new leisure group will benefit from combining the low cost carrier with the strong brand reputation of Air Canada Vacations and leveraging the established marketing and distribution channels of both Air Canada Vacations and Air Canada," Air Canada CEO Calin Rovinescu said in a statement.
Oct 2- Air Canada, Canada's biggest airline, said it would form an integrated leisure group by combining its tour operator business with its planned low-cost airline. The airline named Michael Friisdahl chief executive officer of the leisure group, which will include tour operator business Air Canada Vacations.
*To form leisure group with combination of new low-cost airline and Air Canada. vacations; Michael Friisdahl appointed as president and CEO of new unit. *Says new low-cost leisure airline to launch in 2013 with two Boeing 767-300 er.
Oct 2- Canada's main stock index looked set for a higher open on Tuesday, as euro zone worries eased after a report ignited expectations of an imminent bailout request from Spain.
Oct 2- Credit Agricole SA:. *Exane BNP Paribas raises Credit Agricole SA price target to 6.6. Reuters Station users, click. 1580.
*Natixis raises Banco Popolare target price to 1.12 euros. *Natixis raises BNP Paribas target price to 45.5 euros from 40 euros; rating buy. *Natixis raises Credit Agricole SA target price to 6.7 euros from.
Oct 2- The following are the top stories on the New York Times business pages on Tuesday. *New York's attorney general, under the aegis of a federal mortgage task force, filed a civil suit against Bear Stearns, now part of JPMorgan Chase& Co, asserting that it defrauded investors who purchased mortgage securities.
Oct 2- Credit Agricole SA:. *SocGen cuts Credit Agricole SA to hold from buy. Reuters Station users, click. 1580.
CAC-40 futures are 0.7 percent lower at 0620 GMT FRANCE TELECOM. The oil services company said on Tuesday it has signed a lump-sum contract with Murphy Exploration& Production Company for the development of an offshore field in the Gulf of Mexico.
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.
PARIS, Oct 1- French brokerage Cheuvreux is likely to cut hundreds of jobs as part of Credit Agricole's. Credit Agricole said in July it was in exclusive talks to sell Cheuvreux, which employs about 700 people worldwide, to independent financial services group Kepler Capital Markets.