Macron tours damaged Arc de Triomphe after Paris hit by riot

Macron tours damaged Arc de Triomphe after Paris hit by riot
PARIS — French President Emmanuel Macron visited the graffiti-damaged Arc de Triomphe monument and held an emergency meeting on security Sunday, a day after central Paris was hit by France’s worst riot in a generation. Macron, who was meeting with his prime minister and interior and environment ministers, has vowed that those responsible for the violence and the damages will... Read More

Five things to watch for in the Canadian business world in the coming week

Five things to watch for in the Canadian business world in the coming week
TORONTO — Five things to watch for in the Canadian business world in the coming week: More bank earnings BMO Financial Group releases its fourth-quarter and year-end results on Tuesday and National Bank of Canada reports its results on Wednesday to wrap up the latest financial results from the country’s biggest banks. The results so far have been mixed as Royal Bank... Read More

Statistics Canada says pace of Canadian economic growth slowed in third quarter

Statistics Canada says pace of Canadian economic growth slowed in third quarter
OTTAWA — The pace of economic growth in Canada slowed in the third quarter as business investment spending moved lower and the growth in household spending slowed, Statistics Canada said Friday. The Canadian economy grew at an annualized pace of 2.0 per cent in the third quarter compared with 2.9 per cent in the second quarter, matching the expectations of economists, according... Read More

Air Canada cancels Hamilton-Montreal route as business passengers lag

Air Canada cancels Hamilton-Montreal route as business passengers lag
MONTREAL — Air Canada is cancelling its Hamilton-Montreal route amid sluggish sales from business travellers, announcing the move in a newspaper ad just one month after ramping up flights between the two cities. Direct flights will scale down to once daily from three as of Jan. 9, and stop completely after March 30. The Montreal-based company says it regrets having to nix... Read More

Labour movement is in the fight for its life, say experts

Labour movement is in the fight for its life, say experts
TORONTO — The latest battle to save thousands of auto jobs in Ontario is but one of many Canada’s largest private sector union will likely have to fight as automation, technology and globalization increasingly change the face of manufacturing, experts say. The decline of the sector — and the resulting job losses — started long before General Motors announced its plan to shutter its assembly plant in Oshawa, Ont., —... Read More

Get tough with General Motors Trump-style, union head urges Trudeau

Get tough with General Motors Trump-style, union head urges Trudeau
WASHINGTON — The head of Canada’s largest autoworkers union wants Prime Minister Justin Trudeau to borrow a page from the U.S. president’s playbook and get tough with General Motors, Trump-style. Unifor president Jerry Dias is in Washington to try to enlist allies at the Canadian Embassy. He wants to reverse GM’s decision to slash more than 2,500 jobs at the company’s... Read More

US economy grew at brisk 3.5 pct. annual rate last quarter

US economy grew at brisk 3.5 pct. annual rate last quarter
WASHINGTON — The U.S. economy expanded at a solid 3.5 per cent annual rate in the July-September quarter, led by lower but still strong consumer spending and more business investment than previously estimated. The Commerce Department’s figure for gross domestic product, released Wednesday, was the same as its first estimate last month. GDP is the broadest measure of the nation’s... Read More

‘Baby Boomer’ retirements will cause a huge wave of business transfers: CFIB

‘Baby Boomer’ retirements will cause a huge wave of business transfers: CFIB
TORONTO — Approaching “baby boomer” retirements will result in a huge transfer of business ownership over the next five to 10 years, but only a small percentage of owners have a formal written succession plan, the Canadian Federation of Independent Business says. In a report released Wednesday, the CFIB suggests 47 per cent of business owners with a small or mid-size enterprise (SME) intend... Read More