The overall Canadian labour market was stuck in neutral last month as a solid employment gain in the services sector was wiped out by losses in the goods-producing industry, resulting in a small decline of 2,100 jobs overall.
Following a boost by a pivotal deal with Delta Airlines, Bombardier is rekindling CSeries sales talks with several U.S. and European carriers, even as it eyes the world's fastest-growing aviation nation: China.
Manulife, Canada’s biggest life insurer, said it would continue to look for new partners in Asia after strong sales in the region helped it increase its core earnings by 14 per cent in the first quarter.
National Bank of Canada said that it will set aside $250-million to cover bad loans associated with the oil and gas sector, lowering its profit for the second quarter as banks continue to struggle with a depressed energy sector despite a rebound in the price of oil.
Massive wildfires in For McMurray forced the evacuation of the city late Tuesday. Eighty-thousand people were sent fleeing north and south of the city and reports say whole neighbourhoods have been destroyed.
Bank of Nova Scotia will take an after-tax charge of about $275-million when it reports its second-quarter financial results later this month, in a move that suggests the lender is moving quickly to slash payrolls.
Murray Edwards, the billionaire behind Canadian Natural Resources Ltd. and the NHL’s Calgary Flames, says he relocated to London to make a fresh start following a tumultuous few years in his personal and business life.
Warren Buffet hosted the Berkshire Hathaway Annual General Meeting on the weekend. He called the business model of Valeant “enormously flawed”, reiterated his love for Coke and said Berkshire will do well no matter who wins the White House in November.