Bombardier to hire 1000 workers in Montreal for Global 7000 business jet

Bombardier to hire 1000 workers in Montreal for Global 7000 business jet
Bombardier (TSX:BBD.B) confirmed this morning that it will hire about 1,000 workers over the next 18 months for its new Global 7000 business jet. The workers will complete the interiors for the company’s largest business aircraft. The plane is scheduled to enter into service in late 2018. The announcement was made Friday at the inauguration of its new US$65-million centre... Read More

Quebec biofuel company partners with Qantas in first long-term airline deal

Quebec biofuel company partners with Qantas in first long-term airline deal
MONTREAL — A Quebec biofuels company has signed its first deal to power an airline’s jets with energy grown from Canadian oilseeds. Agrisoma Biosciences Inc. of Gatineau will supply biofuel to Australia’s Qantas Airways made from Carinata seed, a non-food, industrial type of mustard seed that produces oil suitable for aviation and diesel fuel. The partnership is the first of its kind in Australia... Read More

Green House Brands to set up Canadian base in joint venture with Canopy Growth

Green House Brands to set up Canadian base in joint venture with Canopy Growth
SMITHS FALLS, Ont. — Canopy Growth Corp. of Smiths Falls, Ont., has formed a joint venture to share ownership of the Agripharm indoor growing operation in Creemore, Ont., with Amsterdam-based Green House Brands. Canopy Growth (TSX:WEED) says it will retain 40 per cent of Agripharm and the rest will be owned by Green House Holdings North America Inc. and its affiliate in... Read More

QuickList: October inflation rate for selected Canadian cities

QuickList: October inflation rate for selected Canadian cities
OTTAWA — Canada’s national annual inflation rate was 1.4 per cent in October, Statistics Canada says. The agency also released rates for major cities, but cautioned that figures may have fluctuated widely because they are based on small statistical samples (previous month in brackets): _ St. John’s, N.L.: 0.8 per cent (1.5) _ Charlottetown-Summerside: 1.1 (2.3) _ Halifax: 0.8 (1.2) _ Saint... Read More

Teck outlines plan to spend nearly $500 million on dividends, stock buybacks

Teck outlines plan to spend nearly $500 million on dividends, stock buybacks
VANCOUVER — Teck Resources (TSX:TECK.B) has announced plans to issue a special dividend to its shareholders, in addition to its regular dividend, and increase its share buyback program by $230 million. The diversified mining company, based in Vancouver, says the two measures are being taken because of Teck’s strong cash position. Its shareholders of record as of Dec. 15 will receive... Read More

Resource stock provide lift to Toronto stock index, American counterparts down

Resource stock provide lift to Toronto stock index, American counterparts down
TORONTO — Mining and energy stocks are contributing to a moderate gain this morning at the Toronto Stock Exchange. The S&P/TSX composite index was up 42.12 points to 15,977.49, after 90 minutes of trading. Teck Resources and EnCana Corp. had some of the biggest advances, up four per cent and two per cent respectively. In New York, the Dow Jones industrial average was down 72.88 points to 23,385.48.... Read More