Business News Montreal

  • Tampa Bay Rays principal owner Stuart Sternberg, left, speaks with MLB commissioner Rob Manfred before the start of the Rays' Opening Day game against the Toronto Blue Jays on April 3, 2016 at Tropicana Field in St. Petersburg, Florida.

    The possible plan would involve the Rays splitting home games between Florida and Montreal.

  • June 19- Canada's main stock index was subdued on Wednesday, as investors adopted a cautious approach ahead of the Federal Reserve's policy statement that could open the door to future interest rate cuts. *However, data showed that Canada's annual inflation rate unexpectedly rose to a seven-month high in May, prompting analysts to predict the Bank of Canada...

  • Support from the Canadian Commercial Corporation will allow Canadian startup NorthStar Earth and Space to negotiate initial service agreements with the United States, Britain and other countries, NorthStar CEO Stewart Bain said. "This agreement puts us in a strong position to work with the United States, the UK and other countries to deliver our services,"...

  • MONTREAL, June 12- Morgan Stanley wants to obtain majority ownership of a joint venture in China, but regulators there have not signed off on the idea, Chief Executive Officer James Gorman said on Wednesday. Morgan Stanley, the sixth-largest U.S. bank by assets, has a mutual funds joint venture in China called Morgan Stanley Huaxin Fund Management Co, as well as a...

  • CALGARY, Alberta/ MONTREAL, June 12- Canada's Liberal government is pressing ahead with a bill that would impose more stringent reviews on major projects like pipelines and interprovincial highways, to the dismay of the nation's main crude-producing province and the energy industry. Prime Minister Justin Trudeau's Liberal government says Bill C-69 is...

  • CALGARY, Alberta/ MONTREAL, June 12- The Canadian government has rejected an opposition bid to dilute draft legislation that would impose more stringent reviews on major energy projects, prompting a protest from the nation's main crude-producing province. Last week a committee in the upper Senate chamber voted to approve the legislation with almost 200...

  • SANTIAGO, June 12- Nemaska Lithium Inc may issue new shares, take on new debt or sell assets as it hunts for fresh capital to build a lithium project in Quebec that faces cost overruns of more than $300 million, head of investor relations Wanda Cutler said on Wednesday. "Everything from M&A to more debt to equity is on the table," Cutler told the Fastmarkets Lithium...

  • CALGARY, Alberta/ MONTREAL, June 12- Canada's Liberal government has rejected most of the amendments proposed by Conservative senators to a bill that will overhaul how major projects like oil pipelines are assessed, a move criticized by Canada's main crude-producing province, Alberta. Prime Minister Justin Trudeau's government introduced Bill C-69 to...

  • June 11- SNC-Lavalin Group Inc, weighed by weakness in its mining division and a surprise loss last month in its construction business, named an interim CEO and announced a quick strategic review on Tuesday, boosting its slumping shares as investors hoped for a turnaround. Chief Operating Officer Ian Edwards will take over as interim president and chief...

  • June 11- SNC-Lavalin Group Inc Chief Operating Officer Ian Edwards will take over on an interim basis and conduct a quick strategic review, the Canadian construction company said on Tuesday, boosting its slumping shares 5% as investors hoped for a turnaround. SNC-Lavalin faces a trial in Canada over fraud and corruption charges related to allegations that...

  • MONTREAL, June 10- Quebec's economy minister said on Monday his government has ruled out investing in Bombardier Inc's weak-selling regional jet program, which could be sold to Japan's Mitsubishi Heavy Industries Ltd.. The Quebec government previously invested $1 billion for a stake in Bombardier's flagship narrowbody jet program, which is now owned by...

  • MONTREAL, June 10- Quebec's economy minister said on Monday his government has ruled out investing in Bombardier Inc's weak-selling regional jet program, which could be sold to Japan's Mitsubishi Heavy Industries Ltd.. The Quebec government previously invested $1 billion for a stake in Bombardier's flagship narrowbody jet program, which is now owned by...

  • Ringing today's opening bells are Bank of Montreal at the New York Stock Exchange and Scholar Rock Holding Corporation at the Nasdaq.

  • MONTREAL/ TOKYO, June 5- Japan's Mitsubishi Heavy Industries Ltd said on Wednesday it was holding talks to buy Bombardier Inc's regional jet program, sending the Canadian company's shares up 14%. The talks were reported earlier by industry news site The Air Current, which also said an announcement could come as soon as the June 17 start of the Paris Air Show.

  • *Announcement may come as soon as Paris Air Show this month-report. MONTREAL, TOKYO June 5- Japan's Mitsubishi Heavy Industries Ltd said on Wednesday it is holding talks to buy Bombardier Inc's CRJ program, in a deal that would shake up the market for regional jets with fewer than 100 seats. Earlier Air Current reported that Mitsubishi Heavy was in advanced...

  • TOKYO, June 5- Japan's Mitsubishi Heavy Industries Ltd, which has been developing its own regional jet program, said on Wednesday it was in talks to buy Bombardier Inc's CRJ aircraft business. The company is exploring "all strategic options" for the program including a potential sale, Bombardier Chief Executive Alain Bellemare told Reuters in January.

  • Trump has said he will apply tariffs of 5% on Mexican goods on June 10 if Mexico does not halt the flow of illegal immigration, largely from Central America, across the U.S.-Mexican border. Those tariffs would gradually rise to 25% by Oct. 1 if Mexico does not satisfy Trumps demands. "A prolonged period of tariffs on Mexican imports would likely push Mexico into...

  • MONTREAL, May 29- A judge on Wednesday ruled there is enough evidence to send an SNC-Lavalin corruption case to trial, as expected, following efforts by the Canadian construction company to reach a settlement that led to a political scandal engulfing Prime Minister Justin Trudeau. The Montreal- based construction and engineering company said in a statement...

  • SEOUL, May 29- The International Air Transport Association expects it could take until August before the Boeing Co 737 MAX returns to service, the airline group's head said on Wednesday, adding that the final say on the timing rested with regulators. The 737 MAX was grounded globally in March after a crash in Ethiopia killed all 157 people on board, the model's...

  • SEOUL, May 29- The International Air Transport Association expects it could take until August before the Boeing Co 737 MAX returns to service, the airline group's head said on Wednesday, adding that the final say on the timing rested with regulators. The 737 MAX was grounded globally in March after a crash in Ethiopia killed all 157 people on board, the model's...