SNC-Lavalin pleads guilty to fraud, will pay a $280M fine for Libyan work
A division of SNC-Lavalin Group Inc. will plead guilty to a charge of fraud and pay a $280-million penalty related to work the company did
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Canada & World
Canadian and international business news relevant to local business leaders here in Ottawa. Includes stories related to inflation, interest rates, employment, major government announcements and more.
Canadian airlines to feel the pinch of Boeing 737 Max 8 production suspension
Boeing Co.’s suspension of the 737 Max production line will mean further headaches for Canadian airlines, which were counting on the grounded jetliner to carry
Cineworld to buy Cineplex in $2.8B deal for Canada’s largest theatre chain
Cineplex Inc. has agreed to a friendly takeover that values the operator of Canada’s largest chain of movie theatres at $2.8 billion
Five things of note from Trudeau’s mandate letters to his ministers
Prime Minister Justin Trudeau issued marching orders to his cabinet on Friday, with Ottawa’s Catherine McKenna getting a note on LRT funding in her letter
Andrew Scheer to resign as Conservative leader
Andrew Scheer says he is stepping down as Conservative leader as soon as a successor can be chosen
Bill to ratify new North American trade deal coming in short order: Trudeau
The federal government plans to move quickly to approve the updated North American free-trade deal and is sifting the parliamentary calendar to find the right
Hudson’s Bay Co. reports $226M loss in Q3
HBC shareholders are set to vote on a privatization bid next week.
Five Canadian business stories to watch this week
Earnings from the parent company of Sobeys and Farm Boy are among the business stories to watch this week
Where Ottawa’s commercial Realtors go for market insights
CoStar to headline Ottawa Real Estate Board’s year-end networking and learning luncheon
Tarion CEO steps down, minister orders changes to board
Ontario’s government and consumer services minister says she asked the CEO of the corporation that enforces warranties on new homes to step down
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