business
Air Canada names Anko Van der Werff as new president and CEO
Air Canada on Wednesday named Anko Van der Werff as its next president and CEO. Source link
Rogers shutters radio stations in Vancouver, Calgary, Halifax and Kitchener
In a statement Tuesday, the company said the closures affect stations in Vancouver, Calgary, Halifax and Kitchener. Source link
Canada's trade surplus hits four-year high in May, led by jump in exports to U.S.
Canada’s merchandise trade surplus widened in May. This was the third consecutive month of trade surplus for Canada and was led by a 1.5 per cent jump in exports to the U.S., the country’s largest trading partner. Source link
Microsoft to cut 4,800 jobs, overhaul Xbox unit
Microsoft said on Monday it would cut 4,800 jobs, or about 2.1 per cent of its global workforce, including overhauling its Xbox gaming business and divesting up to five studios as it looks to boost returns after years of heavy investment in the division. Source link
Iran war drove inflation expectations up, hurt business confidence: BoC
The Iran war both hampered business confidence and sent inflation expectations soaring, the Bank of Canada revealed in a new set of business outlook surveys published Monday. Source link
Air Canada halts, delays several flight routes to U.S. destinations amid high fuel costs
Air Canada is once again scaling back flights to the U.S. amid high jet fuel costs and lower demand for trips south of the border. Air Canada, WestJet and Air Transat all made cuts to their summer flight capacity to the U.S. earlier this year as the Iran war sent jet fuel prices soaring. Source […]
Rogers buying remaining stake in MLSE for $4.35B
Rogers Communications Inc. says it has signed a deal to buy the remaining 25 per cent stake in Maple Leaf Sports & Entertainment it does not already own from Kilmer Sports Inc. for $4.35 billion. Source link
Think you can win on prediction markets? Here's why you're more likely to lose
Prediction markets, based on the idea that anybody can profit from predicting the outcome of an event, are about to make their way to Canada. But research suggests only a fraction of sophisticated users reap the benefits due to their extensive knowledge of finance, economics and computer skills that average users can’t compete with. Source […]
Alberta’s pipeline pitch is heavy on public, light on private investment — so who benefits?
Energy experts and economists say Alberta’s public-private pitch may be the only way to get a pipelines done in today’s context, but if there are benefits, they could go beyond just the oil and gas industry. Source link