business
Air Canada wins court battle to quash $2,000 payout to passenger for delayed luggage
Following an 11-month court battle, Air Canada has successfully overturned a Canadian Transportation Agency (CTA) decision requiring the airline to pay a passenger $2,079 for delayed baggage. But the case isn’t over yet. Source link
Calvin McDonald, Canadian-born Lululemon leader, to exit company in January
Lululemon Athletica said that CEO Calvin McDonald was leaving the company without a replacement and raised its annual profit forecast, sending shares up about 10 per cent in extended trade on Thursday. Source link
Court approves $18M sale of HBC royal charter to Thomsons, Westons
Two of Canada’s wealthiest families have cleared the final hurdle on the road to buying and donating the royal charter that created the Hudson’s Bay Co. Source link
Canada posts small trade surplus in September after months of deficits
Canada posted a small monthly international trade surplus in September, reversing a trend of seven consecutive months of deficits, data showed on Thursday. Source link
AI is skyrocketing the price of RAM. Computers, phones and tablets could be next
If you’ve been in the market recently for RAM, you’ve probably noticed a major spike in prices as memory manufacturers pivot more of their production capacity away from consumer products to supplying AI companies instead, which are rapidly building out data centres that need massive amounts of memory to operate. Source link
Would Netflix buying Warner Bros. kill movies in theatres?
Some in the movie theatre industry are expressing grave concerns over Netflix’s bid to buy Warner Bros. Discovery, worried it poses a threat to the future of theatregoing itself. Meanwhile, industry analysts suggest theatre companies and studios need to do more to give customers faced with rising prices compelling reasons to see movies in cinemas. […]
Trump’s point man on trade floats separate deals with Canada and Mexico
U.S. President Donald Trump’s lead trade negotiator says the administration is considering breaking up the three-way free trade agreement with Canada and Mexico, moving toward separate deals instead. Source link
U.S. businesses claim Canada is a back door for products from China
As U.S. President Donald Trump sticks with tariffs on imports from Canada, some American industries are accusing Canadian competitors of using cheap materials from China in ways that violate free-trade rules and undercut U.S. companies. Source link
Air Transat, pilots' union have reached tentative deal to avert strike, airline's parent company says
Air Transat says it has reached a tentative deal with the union representing its pilots, thus averting a possible strike that could have occurred within hours. Source link
Health Canada expands recall on Oster toaster ovens that have burned some users
The recall was first issued in September, but was expanded this week to include an additional model. Canadians who own one of the affected models are being asked to stop using the ovens immediately, and contact the company for a free repair kit. Source link