Business News Canada

  • An offshore oil rig off the coast of Norway.

    Oil prices on Friday hovered close to 2019 peaks reached the previous day, propped up by supply cuts led by producer club OPEC and by U.S. sanctions against Iran and Venezuela.

  • Boeing has been working on a software upgrade for an anti-stall system and pilot displays on its fastest-selling jetliner in the wake of the deadly Lion Air crash in Indonesia in October. Similarities between the flight path in the Lion Air incident and a fatal Ethiopian Airlines crash on March 10 have raised fresh questions about the system, and pilots want...

  • FRANKFURT- Opening remarks by ECB Board Member Luis de Guindos at the ECB colloquium, marking the end of the tenure of Ignazio Angeloni as a member of the supervisory board of the European Central Bank in Frankfurt, Germany 0815 GMT. FRANKFURT- Speech by ECB Board Member Ignazio Angeloni at the ECB colloquium, marking the end of his tenure as a member of the...

  • ADDIS ABABA/ PARIS, March 21- At the headquarters of the Ethiopian Civil Aviation Authority, a paper sign balanced above room 107 and a threadbare square of carpet welcome a stream of foreign visitors to the Accident Investigation Bureau. The office- with three investigators and an annual budget of less than 2.5 million Birr- is leading a multi-party,...

  • QUEBEC CITY, Quebec, March 21- Quebec's government said on Thursday it would balance its books in 2019-20 while cutting debt and announced a plan to invest C $1 billion to help keep corporate head offices in the predominantly French-speaking Canadian province. The center-right Coalition Avenir Quebec government, elected for the first time in October with a...

  • QUEBEC CITY, Quebec, March 21- The Canadian province of Quebec on Thursday said it would balance the books in 2019/ 20 and the following four fiscal years despite slowing growth. Quebec's first-term Coalition Avenir Quebec government also raised 2019/ 20 program spending after announcing a budget surplus of C $2.5 billion for 2018/ 19. In November 2018, Girard said...

  • *Boeing to retrofit older planes, install safety alert- sources. WASHINGTON/ JAKARTA, March 21- Boeing Co plans to offer as standard a safety feature that might have warned earlier of problems that possibly played a role in the crashes of Ethiopian and Indonesian planes that killed almost 350 people, two officials briefed on the matter said on Thursday.

  • *Canada's 10- year yield hits 21- month low at 1.635 percent. TORONTO, March 21- The Canadian dollar declined to a nine-day low against its broadly stronger U.S. counterpart on Thursday, as oil prices fell and investors worried that slower U.S. growth could hurt Canada's export-dependent economy. "If the U.S. is concerned, then Canada needs to be more concerned as the...

  • *Ralph Nader joins campaign for answers. WASHINGTON/ JAKARTA, March 21- Boeing Co plans to offer as standard a safety feature that might have warned earlier of problems that possibly played a role in the doomed Ethiopian and Indonesian plane crashes that killed almost 350 people, two officials briefed on the matter said Thursday. The March 10 Ethiopian Airlines...

  • OTTAWA, March 21- A Canadian cabinet minister, who had quit in protest over the government's handling of a corruption scandal, said she and others had more to say about the matter, indicating more pain to come for embattled Prime Minister Justin Trudeau. Trudeau has been on the defensive since Feb. 7 over allegations that top officials working for him leaned on...

  • The automaker "delivered a strong year of earnings in a highly volatile environment in 2018," says CEO Mary Barra.

  • *Lion Air crash investigator describes panic in final seconds. JAKARTA/ WASHINGTON, March 21- Indonesian investigators described the panic of pilots grappling with airspeed and altitude problems in the last moments of their doomed Lion Air flight, as comparisons mounted to a disaster in Ethiopia and authorities queued up to question Boeing.

  • OTTAWA, March 21- A Canadian cabinet minister, who had quit in protest over the government's handling of a corruption scandal, said she and others had more to say about the matter, indicating more pain to come for embattled Prime Minister Justin Trudeau. Trudeau has been on the defensive since Feb. 7 over allegations that top officials working for him leaned on...

  • LONDON, March 21- U.S. trade policies caused significant shifts in the composition of the country's aluminum imports last year. The stand-out in terms of primary metal was the sharp drop in imports from Russia, reflecting the imposition of sanctions on Oleg Deripaska and his Rusal companies. China was hardest hit in the semi-manufactured products segment of...

  • LONDON, March 21- U.S. trade policies caused significant shifts in the composition of the country's aluminium imports last year. The stand-out in terms of primary metal was the sharp drop in imports from Russia, reflecting the imposition of sanctions on Oleg Deripaska and his Rusal companies. China was hardest hit in the semi-manufactured products segment of...

  • -Canada's main stock index edged down on Thursday, as investors remained on the sidelines after the U.S. Federal Reserve abandoned any interest rate hikes this year amid signs of an economic slowdown. *At 9:33 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was down 13.47 points, or 0.08 percent, at 16,154.09.

  • *Europe, Canada seek own certification for MAX jets. The same panel, the Senate Commerce subcommittee on aviation and space, will also question FAA officials on March 27, likely about why the regulator agreed to certify the MAX planes in March 2017 without requiring extensive additional training. Initial reports from investigators say there are clear...

  • FRANKFURT- General Council meeting of the ECB in Frankfurt. FRANKFURT- Opening remarks by ECB Board Member Luis de Guindos at the ECB colloquium, marking the end of the tenure of Ignazio Angeloni as a member of the supervisory board of the European Central Bank in Frankfurt, Germany 0815 GMT. FRANKFURT- Speech by ECB Board Member Ignazio Angeloni at the ECB...

  • OTTAWA/ TORONTO, March 20- Canadian Prime Minister Justin Trudeau remained under pressure over a corruption scandal on Wednesday as a legislator quit his party's caucus and a pre-election budget aimed at swaying key voters appeared to offer too little to stem the tide of negative news. Trudeau has been on the defensive since Feb. 7 over allegations top...

  • ADDIS ABABA/ JAKARTA/ WASHINGTON, March 20- Boeing Co faced growing pressure in Washington on Wednesday with U.S. lawmakers calling for executives to testify about two crashed 737 MAX jets even as the world's biggest planemaker works to overcome obstacles to returning the grounded fleet to the skies. The Senate hearing, at an unspecified date, would be the first...