American Airlines mechanic accused of sabotaging flight

American Airlines mechanic accused of sabotaging flight
MIAMI — An American Airlines mechanic charged with sabotaging a plane because he was upset over stalled labour contract negotiations was fired from another airline several years ago and briefly had his mechanic’s license suspended, according to court documents. Abdul-Majeed Marouf Ahmed Alani appeared in federal court in Miami on Friday on a charge of wilfully damaging or disabling a... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (16,535.33, down 39.48 points.) Stornoway Diamond Corp. (TSX:SWY). Materials. Up one cent, or 100 per cent, to two cents on 15.9 million shares. Barrick Gold Corp. (TSX:ABX). Materials. Down 81 cents, or 3.33 per cent, to $23.55 on 6.7 million shares. Encana Corp. (TSX:ECA). Energy. Down... Read More

US hiring slow but steady amid trade war and global weakness

US hiring slow but steady amid trade war and global weakness
WASHINGTON — U.S. employers added a modest 130,000 jobs in August, a sign that hiring has slowed but remains durable in the face of global economic weakness and President Donald Trump’s trade war with China. The unemployment rate remained 3.7% for a third straight month, the Labor Department said Friday , near the lowest level in five decades. And more... Read More

Huawei debuts latest advanced chipset for smartphone

Huawei debuts latest advanced chipset for smartphone
BERLIN — Chinese tech giant Huawei unveiled its latest advanced chipset Friday ahead of the upcoming launch of its latest flagship smartphone, even as uncertainty hangs over whether the device can use Google’s Android. Huawei’s consumer business CEO, Richard Yu, showed off the Kirin 990 chipset at the IFA consumer electronics fair in Berlin on Friday. Optimized for new 5G... Read More

Pharma industry launches court challenge of federal regulatory changes

Pharma industry launches court challenge of federal regulatory changes
OTTAWA — A Canadian pharmaceutical lobby group and 16 of its members have filed a lawsuit against Ottawa’s overhaul to how it regulates the costs of patented medicines. Health Canada announced long-awaited amendments last month to patented medicine regulations, which include allowing the arm’s-length Patented Medicine Prices Review Board to consider whether the price of a drug reflects the value it has for patients.... Read More

Hudson’s Bay to shutter last 2 Zellers stores in Toronto and Ottawa

Hudson’s Bay to shutter last 2 Zellers stores in Toronto and Ottawa
TORONTO — Hudson’s Bay Co. says it will close the last two Zellers locations at the start of next year. A spokeswoman for the retailer says the company will close the Toronto and Ottawa stores in January. Tiffany Bourre says the move comes after careful consideration, and that the company regularly evaluates store performance and other factors, which sometimes leads... Read More

Energy sector weighs on stocks in Toronto, loonie up after strong jobs report

Energy sector weighs on stocks in Toronto, loonie up after strong jobs report
TORONTO — Losses in the energy sector weighed on Canada’s main stock index in late-morning trading, while the loonie pushed higher after a stronger-than-expected jobs report for August. The S&P/TSX composite index was down 14.24 points at 16,560.57. In New York, the Dow Jones industrial average was up 75.45 points at 26,803.60. The S&P 500 index was up 4.67 points... Read More

Canada sees gains in part-time, youth employment as wage growth slows

Canada sees gains in part-time, youth employment as wage growth slows
OTTAWA — Canada’s economy posted a job surge last month of 81,100 net new positions, the bulk of which were part time, in the services sector and picked up by young people. Statistics Canada said in a report Friday that even with the increase the August unemployment rate stayed at 5.7 per cent as more people looked for work. The jobless rate remained near its four-decade low.... Read More

Cannabis producer CannTrust lays off 180 workers after regulatory problems

Cannabis producer CannTrust lays off 180 workers after regulatory problems
VAUGHAN, Ont. — An Ontario cannabis producer is laying off about 180 people. The layoffs come after CannTrust Holdings ran into repeated regulatory problems with both its product and how it was produced. Ontario’s government cannabis retailer has returned almost three million dollars worth of cannabis and the company is being investigated by Health Canada for growing the crop in... Read More