WestJet pilots get $2 million from union to help efforts to get first contract

WestJet pilots get $2 million from union to help efforts to get first contract
MONTREAL — WestJet pilots are marking their first year since choosing to unionize by receiving $2 million from the international union’s contingency fund to help with efforts to achieve a first collective agreement. Capt. Rob McFadyen, chairman of the Air Line Pilots Association master executive council, says the money will help secure a contract that reflects the contribution of pilots to... Read More

Pump prices, airline tickets help propel Canada’s annual inflation rate to 2.3%

Pump prices, airline tickets help propel Canada’s annual inflation rate to 2.3%
OTTAWA — Canada’s annual inflation rate continued creeping higher last month to hit 2.3 per cent. The March figure from Statistics Canada shows the pace of inflation inched a little farther past the midpoint of the central bank’s ideal range of between one and three per cent. By comparison, inflation was 2.2 per cent in February and 1.7 per cent in January. The annual pace of... Read More

Canadian Pacific starting operations shutdown ahead of possible strike

Canadian Pacific starting operations shutdown ahead of possible strike
CALGARY — Canadian Pacific Railway says it has begun shutting down train operations ahead of a possible strike set to start Saturday by two unionized workforces. The company says it has an embargo application in place on shipments going to or from CP’s Canadian locations that will take effect just after midnight on April 21. Canadian Pacific says it continues to bargain with both... Read More

Feds ordered savings review for Gordie Howe bridge over cost concerns: documents

Feds ordered savings review for Gordie Howe bridge over cost concerns: documents
OTTAWA — The federal government ordered a review of the budget for a new cross-border bridge in Windsor, Ont., after concerns arose that the cost was in danger of exceeding spending targets, newly released documents show. Officials found ways to save money on the Gordie Howe International Bridge “without significantly changing the risk” to the federal government, noted one slide from a presentation that... Read More

Kinder Morgan CEO says recent events confirm Trans Mountain may be ‘untenable’

Kinder Morgan CEO says recent events confirm Trans Mountain may be ‘untenable’
CALGARY — The CEO of Kinder Morgan says events in recent days have reinforced his concerns about the viability of the Trans Mountain oil pipeline expansion project. “It’s become clear this particular investment may be untenable for a private party to undertake. The events of the last 10 days have confirmed those views,” Steve Kean said on a conference call Wednesday. “We’ve pointed out... Read More

Canadian airline profits will fall in 2018 on higher costs: Conference Board

Canadian airline profits will fall in 2018 on higher costs: Conference Board
MONTREAL — The Conference Board of Canada says the growth of the country’s airline industry will slow in 2018 as profits are forecast to decrease from last year’s peak primarily because of higher fuel and labour prices. It says airline pre-tax profits should drop 27 per cent to $1.32 billion as increasing costs outpace higher revenues that are forecast to... Read More

Carr says pipeline expansion will add just one more tanker a day off B.C. coast

Carr says pipeline expansion will add just one more tanker a day off B.C. coast
OTTAWA — Natural Resources Minister Jim Carr says the Trans Mountain pipeline will only increase tanker traffic off the coast of British Columbia by one ship a day, downplaying the risks raised by environmental critics of the project. Speaking following the weekly Liberal caucus meeting today, Carr said he has a lot of confidence that the pipeline expansion his government backs... Read More

Pipeline protest greets Trudeau in London ahead of meetings with Queen, May

Pipeline protest greets Trudeau in London ahead of meetings with Queen, May
LONDON — The explosive debate around the Trans Mountain pipeline followed Justin Trudeau to Britain’s capital on Wednesday, as environmental activists confronted the prime minister with calls to cancel the contentious project. The activists from Greenpeace UK sought to make their point with an elaborate protest that included erecting a fake pipeline around the Canadian High Commission next to iconic... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (15,353.30, up 52.92 points) Aurora Cannabis Inc. (TSX:ACB). Healthcare. Down 49 cents, or 5.49 per cent, to $8.44 on 11.1 million shares. The medical marijauna producer says it is acquiring about 29 hectares of land in Medicine Hat, Alta., to build a new high-tech cannabis facility. Aurora says... Read More

IATA wants to join ICAO in creation of global registry for commercial drones

IATA wants to join ICAO in creation of global registry for commercial drones
MONTREAL — The association representing global airlines is proposing to work with the UN aviation agency to institute a global registry for commercial drones to preserve the safety of flight. IATA is scheduled to meet with the International Civil Aviation Organization on Wednesday to discuss creating a joint registry. Alexandre de Juniac, director general of the International Air Transportation Association,... Read More