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Economic News

WestJet shareholders approve private equity buyout by Onex

Reuters
Shareholders of WestJet Airlines on Tuesday voted in favour of its deal to be acquired by billionaire Gerry Schwartz’s private equity firm Onex Corp for $3.5 billion.
More than 92.5 per cent of the votes cast at the special meeting were in favour of the prop…
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SNC Lavalin shares plunge nearly 10 per cent as analysts slash target prices

Victor Ferreira
Shares of embattled engineering giant SNC-Lavalin Group Inc. fell another 9.6 per cent Tuesday as a host of analysts slashed their price targets one day after the company announced a restructuring that came hand-in-hand with yet another profit warning.
At le…
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Rumours fly and Tron tumbles when Chinese cryptocurrency entrepreneur postpones lunch with Warren Buffett

Bloomberg News
The digital token known as Tron tumbled as much as 21 per cent after cryptocurrency entrepreneur Justin Sun postponed his charity lunch meeting with billionaire Warren Buffett citing a bout of kidney stones.
The announcement kicked off a frenzy of speculatio…
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Shopify nips at Amazon with hassle-free shipping for small merchants

Bloomberg News
Same-day shipping is becoming the norm for online shoppers but for smaller merchants it can be a logistical nightmare. That’s where Shopify Inc. can step in, says Ric Kostick, chief executive officer of 100% PURE.
The natural skincare company ships up to 5,0…
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Why an Ontario court ruling in favour of a constructive dismissal complainant ended up being a victory for the company

Howard Levitt
Society is still grappling with contentious questions in the wake of the #MeToo movement.
Everything is still on the table accountability, redemption, retribution and the role, if any, of forgiveness in assessing how to deal with claims of sexual harassment…
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William Watson: If we can put a man on the moon, we should be able to drive across Montreal

William Watson
Montreal’s annual construction holiday has just begun. With only a few exceptions the entire construction industry shuts down and decamps to the Maine shore. This in a province where for many kinds of construction the season is limited to the frost-free month…
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The nuclear deal fuelling tensions between Iran and America

PRESIDENT BARACK OBAMA called it the strongest non-proliferation agreement ever negotiated. President Donald Trump derided it as one of the worst deals ever. Now the Joint Comprehensive Plan of Action (JCPOA)the unwieldy name given to the multinational nuclea…
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Inside Italy’s culture wars

IN JUNE four young men were attacked on the streets of Rome. One victim had his nose broken; another required stitches to his face. They had been targeted as anti-fascists for wearing Cinema America T-shirts, the name of an organisation which hosts open-air f…
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“This is a crisis that doesn’t have a diplomatic off-ramp”—tanker tit-for-tat in the Gulf

THE SEIZURE of a British-flagged tanker in the Gulf may seem counter to Irans international objectives. But at home, hardliners are in the ascendancyfor them, its a public-relations coup. The rise of populism, particularly in Europe, suggests voters are angry…
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‘We’re not villains in an espionage thriller’: Huawei Canada partners with Northern providers as Ottawa lobbying continues

Emily Jackson
Huawei Canada is pitching itself as an ally in the federal government’s mission to improve internet connectivity in the North while Ottawa continues to mull whether to ban its gear from wireless networks over national security concerns.
The Canadian branch o…
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