Business News Canada

  • Employees work at the assembly line of International brand commercial trucks, owned by Navistar, at the manufacturing plant in Escobedo, on the outskirts of Monterrey, Mexico, June 29, 2017.

    Truck maker Navistar on Tuesday reported better-than-expected quarterly profit and revenue, as strong freight demand helped boost sales of its high-margin Class 8 heavy trucks.

  • The company also raised its fiscal 2019 delivery forecast of Class 6-8 trucks and buses in the United States and Canada to between 395,000 units and 425,000 units, from the 385,000 units to 415,000 units range it forecast earlier. Lisle, Illinois- based Navistar said it expects 2019 revenue to be between $10.75 billion and $11.25 billion. Earnings per share rose...

  • HONG KONG, Dec 18- Huawei Technologies on Tuesday said it would spend $2 billion over the next 5 years to focus on cybersecurity by adding more people and upgrading lab facilities, as it battles global concerns about risks associated with its network gear. The typically secretive Chinese technology giant made the comments at one of its most indepth press...

  • JAKARTA/ BUENOS AIRES/ WASHINGTON, Dec 18- When the U.S. Federal Reserve kept lifting interest rates this year, a world away in Jakarta profits dropped to next to nothing at Andy Kurniawan's shop selling collectible action figures. When in Washington the U.S. central bank taps the brakes to cool the world's biggest economy, as it is poised to do again this week, the...

  • OTTAWA, Dec 17- The pace of interest rate hikes in Canada could be interrupted or sped up depending on the economic circumstances, Bank of Canada Governor Stephen Poloz said on Monday. The comments by Poloz to CTV in an interview are another sign the central bank- which has hiked rates five times since July 2017- could put on the brakes amid recent signs the economy is...

  • CANADIAN ARM OF GENERAL DYNAMICS SAYS TERMINATING THE SAUDI ARMS CONTRACT WOULD HAVE A SIGNIFICANT NEGATIVE IMPACT ON CANADA'S DEFENSE SECTOR.

  • NEW YORK, Dec 17- The dollar on Monday fell from an 18- month high reached the previous session, ahead of the Federal Reserve's policy meeting this week that will likely result in an increase in interest rates but signal a more cautious tone for the economy next year. All eyes, however, will be on signals about the pace of further tightening and the Fed's sense of how...

  • Dec 17- Canada's main stock index fell on Monday, as investors turned cautious ahead of the U.S. *At 9:53 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was down 78.89 points, or 0.54 percent, at 14,516.18, hitting its lowest level since November 11, 2016. *Data released by the Canadian Real Estate Association showed home resales fell 2.3 percent in...

  • Dec 17- Canada's main stock index fell on Monday, as investors turned cautious ahead of the U.S. Federal Reserve's monetary policy guidance and concerns over slowing global growth. *At 9:33 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was down 32.37 points, or 0.22 percent, at 14,562.7.

  • GENEVA, Dec 17- The United States came under fire from China and the European Union on Monday, accused by both major trading partners of taking protectionist measures and bringing the World Trade Organization to its knees. Japan, Switzerland and Canada also criticized Washington, but U.S. trade ambassador Dennis Shea charged that China's "unfair competitive...

  • JOHANNESBURG, Dec 17- Naspers and Canada's state pension fund have invested $540 million in Indian educational technology startup Byju's, the South African internet giant said on Monday. Bengaluru-based Byju's launched a learning app in 2015 that offers tools for school students in India, a country with the world's largest number of children in primary...

  • Canada's Prime minister Justin Trudeau speaks during the Prime ministers of the canadian provinces meeting in Montreal, on December 7, 2018 at the Marriott Chateau Champlain.

    Trudeau's intended move would follow the decisions of Germany, Denmark, Finland and the Netherlands, all of whom have announced a halt to arms sales to the kingdom.

  • *China says ensuring rights protected of both men. *China has given few details of charges against them. OTTAWA/ BEIJING, Dec 17- Canadian diplomats gained consular access on Sunday to the second of two men detained by China over the past week, Canada's foreign ministry said in a statement that gave few details, as China said it was ensuring their rights were...

  • Canadian businessman Michael Spavor.

    Canadian diplomats received consular access on Sunday to Michael Spavor, the second of two men detained by China over the past week.

  • OTTAWA, Dec 16- Canadian diplomats received consular access on Sunday to the second of two men detained by China over the past week, Canada's foreign ministry said in a statement that gave few details. Spavor and Michael Kovrig were both picked up after Canada arrested a senior Chinese executive on a U.S. extradition request. Secretary of State Mike Pompeo said on...

  • OTTAWA, Dec 16- Canadian Prime Minister Justin Trudeau, speaking in an interview that aired on Sunday, said for the first time that his Liberal government was looking for a way out of a multibillion-dollar arms deal with Saudi Arabia. Political opponents, citing the killing of journalist Jamal Khashoggi and Saudi Arabia's involvement in the Yemen war, insist...

  • OTTAWA, Dec 16- Canadian diplomats were granted consular access on Sunday to the second of two men detained by China over the past week, the foreign ministry announced in a statement that gave few details. Canadian Ambassador John McCallum met Michael Spavor, the statement said. Spavor and Michael Kovrig were both picked up after Canada arrested a senior Chinese...

  • TORONTO, Dec 14- The Canadian dollar lost ground against its broadly stronger U.S. counterpart on Friday as investors worried about signs of slower global growth and braced for a potential interest rate hike next week from the Federal Reserve. At 4:12 p.m., the Canadian dollar was. "It has been a risk-off day for sure and that ties into the weaker-than-expected...

  • FREELAND SAYS SIDES AGREED ON THE IMPORTANCE OF UPHOLDING RULE OF LAW AND ENSURING JUDICIAL PROCESS IN CANADA REMAINS APOLITICAL RELATED TO HUAWEI EXECUTIVE.

  • OTTAWA/ WASHINGTON, Dec 14- Canadian Prime Minister Justin Trudeau on Friday said China's detention of two men from Canada was unacceptable and expressed concern the economy could suffer as bilateral relations deteriorate. China detained the two after Canadian authorities arrested a top Chinese executive on a U.S. request. "We are being absolutely clear on...