Trudeau optimistic NAFTA can be saved, brushes off contradictory U.S. signals

Trudeau optimistic NAFTA can be saved, brushes off contradictory U.S. signals
OTTAWA — Justin Trudeau remains optimistic that Canada, the United States and Mexico can strike a deal to modernize NAFTA that benefits all three countries. In an interview with The Canadian Press, the prime minister says he believes there’s a good chance negotiations will result in what he calls a “win-win-win.” Trudeau says his government isn’t worrying about contradictory signals from the... Read More

Small and medium-sized businesses to up investment spend 3% this year: BDC

Small and medium-sized businesses to up investment spend 3% this year: BDC
MONTREAL — A new report by the Business Development Bank of Canada says small and mid-sized businesses in Canada are expected to increase their investments by three per cent this year to $140.5 billion. BDC says the increase is due largely to a surge in business acquisition plans. It says business owners expect to increase their spending on acquiring other businesses this year to... Read More

Yellow Pages Ltd. cutting 18 per cent of employees, roughly 500 jobs

Yellow Pages Ltd. cutting 18 per cent of employees, roughly 500 jobs
MONTREAL — Yellow Pages Ltd. announced a plan to cut roughly 500 jobs on Tuesday in an effort to reduce spending and improve its results. The company (TSX:Y) said the job losses will amount to close to 18 per cent of its employees. “Decisions that materially impact our employees are difficult but absolutely critical to securing the near-term health of... Read More

Auto parts company Magna International expects $2.3B-$2.5B profit in 2018

Auto parts company Magna International expects $2.3B-$2.5B profit in 2018
AURORA, Ont. — Magna International Inc. (TSX:MG) says it expects to earn $2.3 billion to $2.5 billion this year. In its guidance for 2018, the auto parts company says it expects sales to total between $39.3 billion and $41.5 billion. Sales are expected to grow to $42.7 billion to $45.7 billion in 2020. Capital spending is expected to amounted to roughly... Read More