CEO

Bombardier gets federal exemption from sanctions on Russian titanium

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Bombardier is now the second large Canadian corporation known to have been granted an exemption from federal government sanctions on Russian titanium. The Montreal-based aircraft manufacturer, along with its European partner Airbus, can continue to use parts containing titanium produced by Russia’s VSMPO-AVISMA, based in Verkhnyaya Salda. During a conference call Thursday with reporters following the release of Bombardier’s quarterly results, CEO … Read more

Tesla’s Q1 net income down 55% year over year

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Tesla’s first-quarter net income plummeted 55 per cent, but its stock price surged in after-hours trading Tuesday as the company said it would accelerate the production of new, more affordable vehicles. The Austin-based company said it made $1.13 billion US from January through March compared with $2.51 billion US in the same period a year ago. … Read more

Freeland defends budget measures, as premiers push back on federal involvement

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Deputy Prime Minister and Finance Minister Chrystia Freeland says she thinks unhappy premiers will come around on measures in the federal budget that touch on provincial legislation, even as they push back. At an event in Toronto on Sunday, Freeland — who presented the federal budget on Tuesday — said the national government needs to push ahead on … Read more

Quebec employers group worried ‘political’ immigration debate will hurt jobs

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The latest spat between Quebec and Ottawa over immigration is based on politics and not the reality of the labour market, says the head of a major employers group. “In some ways, it’s deplorable,” said Karl Blackburn, president and CEO of the Conseil du patronat du Québec. His comments come as Quebec Premier François Legault … Read more

How some of your favourite brands are brought back from the dead

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Cost of Living27:31Dead brands brought back to life One brand of clothing — specifically pants — has always had a special place in the closet of Alex Curry of Sexsmith, Alta., a small town about 20 kilometres north of Grand Prairie.  “From high school, I loved Modrobes. I think from about Grade 7, I really noticed they … Read more

Bell Canada CEO Mirko Bibic defends job cuts in Commons committee testimony

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As members of Parliament accuse Bell Canada of corporate greed, the head of the company is defending its decision to cut thousands of jobs, citing a shift in Canadians’ viewing habits away from traditional TV. Liberals, Conservatives and New Democrats grilled CEO Mirko Bibic during often combative exchanges at a meeting of the House of … Read more

CEO leaves Native Women’s Association of Canada engulfed in turmoil

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The most prominent Indigenous women’s organization in Canada announced on Friday the departure of its chief executive officer amid internal turmoil. In an email viewed by CBC News, Carol McBride, president of the Native Women’s Association of Canada (NWAC), informed staff that Lynne Groulx is no longer employed as the organization’s CEO. “NWAC continues to … Read more

Boeing CEO Calhoun took home $5M last year ahead of 737 Max crisis

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Boeing CEO Dave Calhoun speaks with reporters on Capitol Hill in Washington, D.C., before meeting with a group of senators on Jan. 24, 2024. Jim Watson | AFP | Getty Images Outgoing Boeing CEO Dave Calhoun’s take-home pay fell to $5 million last year after declining a bonus, compared with $7 million in 2022, and … Read more

Ford delays start of EV production at Oakville plant until 2027

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Ford Motor Co. is delaying the start of electric vehicle production at its plant in Oakville, Ont., by two years. The U.S. automaker had planned to start production at the Canadian plant, which employs 2,700 workers, in 2025 and is pushing that back to 2027. Ford announced plans last year to spend $1.8 billion to … Read more

Coinbase partner ClearBank posts first full-year of profit

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Charles McManus, CEO of ClearBank, speaks at the Innovate Finance Global Summit in April 2023. Chris Ratcliffe | Bloomberg | Getty Images ClearBank, a British financial technology firm powering payments for the likes of Coinbase, scored its first full year of profit after higher interest rates helped drive a 91% jump in revenues. The firm … Read more