Quebec is extending its partnership with Airbus Canada until 2035, the two jointly investing $1.65 billion to keep manufacturing its narrowbody A220 planes in the province. The French aerospace giant holds 75 per cent of Airbus Canada’s shares while Quebec holds the other 25 per cent. Airbus is set to invest $1.2 billion, and Quebec … Read more
The nearly two-decade-long oil pipeline saga surrounding the failed Keystone XL pipeline is nearing an end, as Calgary-based TC Energy has lost its bid to recoup $15 billion from the U.S. government. The decision also raises doubts about whether the Alberta government will recover any of its losses as an investor in the project. TC Energy first … Read more
RBC has terminated chief financial officer Nadine Ahn following an investigation into a personal relationship she allegedly had with another employee. In a statement released Friday evening, RBC says it recently became aware of allegations involving Ahn and launched an internal review, while also consulting external legal counsel to investigate. It says the probe found … Read more
Mumbai: The resolution plan approved by the committee of creditors for an Amtek Auto subsidiary will be binding on the winning bidder that wanted to withdraw, India’s apex court has reiterated in its latest ruling on the Arvind Dham-promoted insolvent company. The Supreme Court overturned orders from a bankruptcy court and an appellate tribunal allowing … Read more
Canada Post Inc. is selling off its third-party logistics business to a Montreal company, according to a media release Tuesday from the Crown corporation. The sale of SCI Group Inc. to Metro Supply Chain comes as the country’s national postal service “focuses on transforming to serve the changing needs of Canadians and Canadian businesses,” says … Read more
