Business News Montreal

  • MONTREAL, Oct 11- Canada's SNC-Lavalin Group sees revenues from its power businesses tripling over the next 10 years, fueled by appetite from North American utilities to digitize and modernize their grid networks, a company executive told Reuters. Montreal- based SNC, which was at the center of a political crisis engulfing Canadian Prime Minister Justin...

  • MONTREAL/ SEATTLE, Oct 3- Spirit AeroSystems Holdings Inc has emerged as the front-runner to acquire Bombardier Inc's aerostructures facilities in Belfast and Morocco, two sources familiar with the matter told Reuters. Bombardier said in May it would sell off the two aerostructures operations, including a wing-making facility in Belfast, as the Montreal-...

  • *Thunberg hits back at critics, addresses Montreal rally. MONTREAL/ THE HAGUE, Sept 27- Teenage activist Greta Thunberg hit back at critics including U.S. The 16- year-old Swede also told a huge Montreal rally that world leaders had disappointed young people with empty words and inadequate plans.

  • Swedish climate activist Greta Thunberg at COP 24, the 24th Conference of the Parties to the United Nations Framework Convention on Climate Change. Katowice, Poland on 5 December, 2018.

    Teenage activist Greta Thunberg is spearheading a climate change strike on Friday in Montreal where U.N. aviation leaders are gathering to debate plane emission targets.

  • Boeing's best-selling jet was grounded globally in March, days after the crash of an Ethiopian Airlines flight that followed a similar Lion Air disaster in Indonesia in October. On Monday, the Federal Aviation Administration met with global regulators to discuss steps needed to return the jet to flight. Wednesday's comments came as aviation officials from...

  • Transportation Secretary Elaine Chao warned regulators on Wednesday against sending conflicting messages as they work to ensure Boeing's 737 MAX is safe to resume operations. "International coordination is important in all aspects of this process," said Chao, at the International Civil Aviation Organization in Montreal. "The traveling public will not be...

  • MONTREAL, Sept 23- The U.S. Federal Aviation Administration invited continued feedback from global regulators at a Boeing 737 MAX briefing on Monday about the steps needed to return the grounded passenger jet to flight after two fatal crashes. The closed-door meeting, on the eve of a United Nations aviation assembly in Montreal, brought together...

  • HAMILTON, Ontario, Sept 23- Canadian Prime Minister Justin Trudeau pledged on Monday to create a national prescription drug plan if re-elected as he worked to get back on message after blackface photos of him emerged and derailed his campaign last week. The ruling Liberals were knocked off course when Time magazine published a picture of him in brown makeup at a...

  • MONTREAL, Sept 22- Global aviation leaders will be under pressure to deepen efforts to tackle airline emissions as they gather this week under the shadow of protests led by Swedish activist Greta Thunberg. The 16- year-old, who inspired a' flight-shaming' protest movement against aviation and sailed across the Atlantic rather than board a plane, is expected to...

  • HAMILTON, Ontario, Sept 23- Canadian Prime Minister Justin Trudeau will forge ahead with his re-election campaign on Monday after blackface photos of him emerged and shifted voter support toward his Conservative rivals. "It's a body blow," pollster Frank Graves of EKOS Research said in an interview. Graves said his polling, which he has yet to publish in detail,...

  • The FAA has been reviewing proposed software and training changes from Boeing Co for its best-selling plane that has been grounded since March in the aftermath of two fatal crashes in five months. Dickson's email said the FAA is working to provide regulators with "useful information as you make your individual decisions on safely returning your fleets to...

  • WASHINGTON, Sept 17- Federal Aviation Administration chief Steve Dickson has invited about 50 aviation safety regulators from around the world to a Sept. 23 informal briefing in Montreal on the status of the grounded Boeing 737 MAX, according to an email seen by Reuters. The FAA has been reviewing proposed software and training changes from Boeing Co for its...

  • Sept 12- Canadian discount store operator Dollarama Inc reported a 2% rise in quarterly profit on Thursday, boosted by higher comparable-store sales and opening of new stores. The Montreal- based company's net income rose to C $143.2 million, or 45 Canadian cents per share, in the second quarter ended Aug. 4, from C $140.4 million, or 42 Canadian cents, a year earlier.

  • MONTREAL, Sept 11- Canadian investment firm Jarislowsky Fraser increased its participation in SNC Lavalin Group to more than 10% as part of a broader asset growth strategy in Canadian equities, the company said on Wednesday, helping lift shares of the engineering and construction firm for a second day. SNC shares have tumbled 60% year-to-date as the Montreal-...

  • MONTREAL, Sept 10- A unit of Spain's Ferrovial S.A. is appealing a Canadian court decision over SNC Lavalin Group Inc's former 10.01% stake in a toll highway, a source and the Montreal- based company told Reuters on Tuesday. Montreal- based SNC completed the sale of the stake in August to Canada Pension Plan Investment Board for C $3.25 billion, in a deal that cannot be...

  • MONTREAL, Sept 10- A unit of Spain's Ferrovial S.A. is appealing a Canadian court decision that green-lighted the sale of SNC Lavalin Group Inc's 10.01% stake in a toll highway for C $3.25 billion, a source and the Montreal- based company told Reuters on Tuesday. Cintra Global S.E. has given notice to the Court of Appeal for the Canadian province of Ontario that it...

  • Normally, the U.S. Federal Aviation Administration has taken the lead on certifying Boeing aircraft and other aviation regulators globally follow suit, a process supported by the International Air Transport Association. But global regulators have indicated they would pursue their own analysis of the 737 MAX and Boeing's proposed updates, rather than...

  • TD Bank Group, the country's No. 2 lender by market value and the last of Canada's top six banks to report quarterly profits on Thursday, slightly missed analysts' expectations. "The last few years have been an absolutely Goldilocks environment for credit for the banks," as low interest rates and unemployment eased consumer burdens while robust profits helped...

  • NEW YORK, Aug 13- U.S. and European stocks jumped, the dollar strengthened and Treasury prices rose on Tuesday after the United States said it would delay tariffs on some Chinese products, easing concerns that a protracted trade war would harm global growth. President Donald Trump backed off his plan to impose 10% tariffs on Sept. 1 on remaining Chinese imports,...

  • NEW YORK, Aug 13- U.S. and European stocks jumped, the dollar strengthened and bond prices rose on Tuesday on news U.S. and Chinese officials held a telephone call to discuss tariffs and planned another call in two weeks, easing concerns about the U.S.-Sino trade war. The Trump administration will delay imposing a 10% tariff on certain Chinese products, including...