Apotex president and CEO steps down amid allegations of trade secret leaks

Apotex president and CEO steps down amid allegations of trade secret leaks
TORONTO — Apotex Inc. president and CEO Jeremy Desai resigned effective immediately Friday from the generic drug giant founded by the recently deceased billionaire Barry Sherman. Desai’s resignation comes as he faces allegations in a U.S. lawsuit from Teva Pharmaceutical Industries Ltd. for allegedly accepting trade secrets from a Teva employee that he was thought to be in a romantic relationship with. The lawsuit, filed last July in... Read More

Canada needs to be patient for U.S. response to NAFTA proposals: negotiator

Canada needs to be patient for U.S. response to NAFTA proposals: negotiator
MONTREAL — Quebec’s chief NAFTA negotiator says U.S. Trade Representative Robert Lighthizer will have the final say as to whether Canada’s counter proposals have any traction. That means it will be several days before Canada learns whether it has done enough to save the talks. Canadian negotiators have countered so-called U.S. poison pills with proposals for higher continental content requirements for... Read More

CP Rail seeks ‘skin in the game’ from shippers to increase bitumen transport

CP Rail seeks ‘skin in the game’ from shippers to increase bitumen transport
CALGARY — Canadian Pacific Railway is asking crude-by-rail shippers to sign multi-year, take-or-pay contracts that guarantee minimum volumes before it will assign locomotives and crews to help move a backlog of oilsands crude out of Western Canada. Chief financial officer Nadeem Velani says the railway wants its customers to have significant “skin in the game” before it commits to the costs... Read More

Privacy commissioner: it should be easier to remove, de-index online information

Privacy commissioner: it should be easier to remove, de-index online information
OTTAWA — The federal privacy commissioner says Canadians need better tools to protect their online reputation, including the right to ask search engines to de-index or remove inaccurate, incomplete or outdated information. The Office of the Privacy Commissioner says its proposals have some similarities to the Right to Be Forgotten rules in Europe but that existing Canadian law already contains protections for online... Read More

U.S. trade agency to vote today on massive duties on C Series imports

U.S. trade agency to vote today on massive duties on C Series imports
MONTREAL — Bombardier Inc. will find out this afternoon whether nearly 300 per cent duties will be applied to American imports of its C Series aircraft from Canada. The U.S. International Trade Commission will decide whether it believes Boeing stands to sustain harm by the planes, even though aircraft destined for American customers are slated to come from a new assembly line... Read More