By Leah Schnurr
OTTAWA (Reuters) – Canada is assessing data from bidders to replace its aging fleet of fighter jets, a Boeing Co executive said on Monday.
The country’s Liberal government promised during last year’s election that it would launch an open competition to replace Canada’s CF-18 fighter aircraft.
It pledged not to buy Lockheed Martin Corp’s F-35 jets, as the previous Conservative government had planned to do, calling them expensive and unnecessary.
While the government has yet to release details on such a competition, it requested data this summer from five companies that have fighter aircraft in production or planned production, including Lockheed and Boeing, which wants Canada to buy its F/A-18E/F Super Hornets.
The government sought up-to-date information on areas including capabilities and economic benefits.
“The focus on data was very clear, very strong,” said Marc Allen, president of Boeing International, the unit which handles …
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By Fergal Smith
| TORONTO, Sept 26
Canadian policymakers are
facing increased pressure to support the country’s lackluster
economy as infrastructure spending takes time to kick in and
record high debt loads dampen the impact of stimulus cheques.Weak oil prices, disappointing growth in non-energy exports
and a wildfire in Alberta that cut oil production have all
weighed on Canada’s economy this year, offsetting fiscal
stimulus measures to support the economy.”The Canadian economy needs more stimulus … fiscal,
monetary, structural,” said David Watt, chief economist at HSBC
Bank Canada.Canadian growth this year is less robust than the government
initially expected, Finance Minister Bill Morneau said on
Monday, adding that the government will look at what more it
might do. The government typically provides a fiscal update in
November or December.The fall update would be a reasonable time to bring forward
fiscal spending if good projects have been identified, said Doug
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Expect a warning for copyright violation if you reproduce this building on a tee-shirt
Paul Chiasson / THE CANADIAN PRESS
Here’s our look at the big stories this morning on the business beat:
No guts no glory: Canadian consulting and financial-advisory firm Deloitte says most Canadian businesses — nearly 90 per cent — lack courage, and the country’s economy is suffering as a result. In a research report released Monday called The Future Belongs To The Bold, the company says courageous businesses outperform their peers. They experience greater revenue growth and they create more jobs. But only one in 10 Canadian firms can be considered truly courageous. “Courageous businesses are the high-flyers propelling the Canadian economy forward. When they reach peak performance, we all benefit. But if we truly want to succeed as a nation, we need more business leaders to be bold and test the limits of what they think is possible,” …
Prince William to announce addition of temperate rainforest to worldwide conservation network
Prince William in Victoria, BC, with Canada’s prime minister, Justin Trudeau, and governor-general, David Johnston, on Saturday.
Photograph: Jonathan Hayward/AP
An unlikely alliance of the Queen, Prince William, the Labour MP Frank Field, Commonwealth countries and Canadian ecologists join forces today to protect one of the largest coastal temperate rainforests in the world: the Great Bear rainforest along the central and west coast of British Columbia.
Prince William is in the Canadian province for a weeklong visit and will announce on Monday that the forest will join an international network of forests designed to involve all 53 countries in the Commonwealth.
The network of forests is part of the Queen’s Commonwealth Canopy (QCC), a forest conservation initiative launched in the monarch’s name at the Malta Commonwealth summit last year.
Field said: “The aim is to …
Activists in Centre Wellington plan to block Ontario pump tests after bottled-water makers overtook community’s attempt to secure long-term water source
Nestlé Canada currently has permits that allow it to extract up to 4.7m litres of water a day from sources in Ontario.
Photograph: Don Ryan/AP
A small town in Ontario, Canada, has prompted fresh scrutiny of the bottled-water industry after its attempt secure a long-term water supply through the purchase of a well was outbid by the food and drinks multinational Nestlé.
When authorities in Centre Wellington, population of about 30,000, learned that Nestlé had put a bid on a spring water well in their region, they scrambled over the summer to counter with a competing bid. The goal was to safeguard a water supply for the township’s fast-growing population, Kelly Linton, the mayor, told the Guardian. “By 2041, we’ll be closer to 50,000 so protecting our water …
Here are five stories to watch this week in Canadian business:
Poloz Talks Trade South of the Border: Bank of Canada governor Stephen Poloz will be discussing cross-border trade integration and monetary policy when he speaks Monday before Western Washington University in Bellingham, Wash. Trade has become a political football in the U.S. election – expect it to be tossed around during the first presidential debate Monday evening.
CEO of OSC Takes Public Stage: On Tuesday in Toronto, Maureen Jensen gives her first keynote address since she became chairwoman and CEO of the Ontario Securities Commission earlier this year. On her watch, the securities watchdog launched Canada’s first paid whistleblower program in its efforts to crack down on white-collar crime.
BlackBerry: The company that birthed the smartphone market releases its second-quarter results Wednesday. Two months ago, the one-time Waterloo, Ont., tech darling launched the DTEK50, which …
New non-stop flights to Sanghai from Motreal by Air Canada
Angelos Restanis – 27 September 2016, 00:04
China is Canada’s second largest trading partner and Air Canada has made a significant investment of more than $1 billion in aircraft and equipment allocated specifically to serve the Chinese market from Canadian hubs.
MONTREAL – Air Canada announced the introduction of daily year-round flights from Montreal to Shanghai, China beginning February 16, 2017. This marks Air Canada’s first direct service to China from Montreal as well as the introduction of state-of-the-art Boeing 787-8 Dreamliner aircraft on flights departing from Montreal. Tickets will be available for purchase on Air Canada’s website and through travel agents on September 28. All Air Canada flights provide for Aeroplan accumulation and redemption and, for eligible customers, priority check-in, Maple Leaf Lounge access, priority boarding and other benefits.
“Building on Air Canada’s success in the rapidly growing Chinese market we are delighted to announce …
A Canadian-Iranian academic has been released from prison by Iranian authorities, Canadian Prime Minister Justin Trudeau has confirmed.The release was given on “humanitarian grounds”, Iranian state media report.Homa Hoodfar, 65, was one of several dual nationals being held for alleged “acts against national security”.She was ill and is being returned to Canada via Oman, the official Islamic Republic News Agency reported, citing the foreign ministry.Mr Trudeau said the federal government had been “engaged at the highest levels” with her case. “Canadians are relieved that Dr Hoodfar has been released from jail and will soon be reunited with …
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DUBAI Iran said on Monday it had freed a Canadian-Iranian academic detained since June, a week after the two nations began talks on a potential restoration of diplomatic relations broken in 2012.Homa Hoodfar, 65, is a teacher at Concordia University in Montreal, Canada and an expert on gender and Islam.”Homa Hoodfar, the retired professor of Canadian universities, who had been detained in Iran based on some accusations, was released this afternoon for humanitarian reasons including illness,” Iranian Foreign Ministry spokesman Bahram Qasemi said. He said Hoodfar had left the Islamic Republic and was travelling to Canada via the Gulf Arab …
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Retired Iranian-Canadian professor Homa Hoodfar, left, speaks to the media in Muscat airport, Oman, after being released by Iranian authorities, Monday, Sept. 26, 2016 Foreign Minister Stéphane DionOTTAWA — While Montreal Professor Homa Hoodfar was still imprisoned in Iran, Canadian and Iranian officials held several meetings this summer to negotiate the re-establishment of diplomatic relations, according to a source close to the Foreign Ministry.Though impasses remain, some experts say Hoodfar’s release on Monday is a sign the Liberal government is making progress on a promise to reopen channels cut off when the previous Conservative government severed ties with Iran in 2012.In …
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