The Grand Slam of Curling, the tour elite series featuring the best men’s and women’s teams from across Canada and around the world, has been purchased by a new sports business venture group. The Curling Group, led by chief executive officer Nic Sulsky, has purchased ownership and operations of the Grand Slam of Curling from … Read more
Luxury parka maker Canada Goose says it is laying off 17 per cent of its global corporate workforce. CEO Dani Reiss wrote in a LinkedIn note Tuesday that the job cuts are meant to put the company in a better position for scaling and will help the Toronto-based business focus on efficiency and key brand, design … Read more
Boeing CEO Dave Calhoun will step down from the embattled plane-maker at the end of the year as part of a broader management shuffle, capping a tumultuous five-plus years that have shaken faith in one of the U.S.’s most-storied manufacturers. In a letter to employees announcing his departure, Calhoun wrote that the company is focused on returning Boeing “to … Read more
The recent decision by SaltWire Network Inc., Atlantic Canada’s largest newspaper company, to seek protection from its creditors is another sign of the decline of the business and the growing threat to local journalism, experts said Tuesday. “We’re seeing a resurgence in a steady spate of closings and scaling back of local news operations,” said … Read more
A company that owns nearly two dozen newspapers in Atlantic Canada has debts of almost $100 million and is filing for creditor protection. SaltWire Network made the application in the Supreme Court of Nova Scotia, according to court documents filed on Monday. The court documents said SaltWire has assets of almost $33 million and more than $94 … Read more
Less than two years after entering the market, Lynx Air is winding down operations, making the Calgary-based airline the latest in a long line of Canadian discount carriers that have failed to take off. The company — which rebranded from “Enerjet” in 2021 — cited rising operational costs, high fuel prices, unfavourable exchange rates, increased airport charges and … Read more
