National Newswatch

SNC-Lavalin hit with fresh charges related to Montreal bridge contract

Sep 23 2021 — Ross Marowits — The SNC-Lavalin legal saga was thrust back into the spotlight Thursday after the RCMP announced they've charged two former executives and the engineering company itself for allegedly paying bribes to obtain a Montreal bridge repair contract. Former SNC-Lavalin vice-president Normand Morin and former SNC-Lavalin International Inc. vice-president Kamal Francis, along with SNC-Lavalin and its subsidiary, […]

Growing vaccine mandates reveal split in labour movement

Sep 10 2021 — Ross Marowits — TORONTO — The head of Canada's largest private sector labour union has a blunt message for Unifor staff: Get vaccinated or find another job. The union recently advised its 425 staff membersthat they will be placed on an unpaid leave of absence until they get vaccinated against COVID-19.  "And if they don't get vaccinated within […]

Canadian business community largely supportive of vaccine passport system

Aug 8 2021 — Ross Marowits — TORONTO — The Canadian business community appears to be largely supportive of the Quebec government's move to impose the country's first vaccine passport system. The Canadian Chamber of Commerce says vaccine passports or digital vaccination certificates would help to prevent future waves of the pandemic from forcing a resurgence of financially disastrous lockdowns by enabling […]

Canada to tax tech giants as planned despite framework G7 tax deal, says Freeland

Jun 5 2021 — Ross Marowits — Canada is proceeding with its plan to tax technology giants next year even as the world's wealthiest democracies proposed a new global tax framework that includes plans to impose a levee on the firms, federal Finance Minister Chrystia Freeland said Saturday.  Her remarks came following a meeting of G7 finance ministers, who hammered out details […]

Air Canada, Transat call off $190 million deal after European approval denied

Apr 2 2021 — Ross Marowits — Transat AT is considering its options after a deal that would have seen Canada's largest airline acquire its smaller travel rival officially died on Friday with word that Air Canada had come to a mutual agreement with Transat to terminate their planned merger. Both companies released statements announcing the termination of the $190 million deal […]

CP Rail facing little opposition so far to deal for U.S. railway as it shows support

Apr 1 2021 — Ross Marowits — TORONTO — Canadian Pacific Railway is facing scant opposition so far over its US$25-billion bid for Kansas City Southern in a turn of events from prior takeover efforts. Wasatch Railroad Contractors, a rail-oriented business in Wyoming, made the initial filing with the U.S. Surface Transportation Board arguing against the deal. Chairman and CEO John Rimmasch […]

Couche-Tard chairman fails to convince French minister about Carrefour deal

Jan 15 2021 — Ross Marowits — The founder of Alimentation Couche-Tard walked away empty-handed Friday after trying to convince France's finance minister to drop his objection to it acquiring grocery giant Carrefour. Alain Bouchard met with Bruno Le Maire in Paris. His offer of various commitments was not enough to change Le Maire's opposition over food security issues, according to information […]

Pornhub pushes back against accusations that it allows child sexual abuse materials

Dec 4 2020 — Ross Marowits — Pornhub has pushed back against accusations that is allows child sexual abuse materials on its popular online pornography website."Any assertion that we allow (that) is irresponsible and flagrantly untrue," the subsidiary of Montreal-based Mindgeek said in an email Friday."We have zero tolerance for child sexual abuse materials (CSAM). Pornhub is unequivocally committed to combating CSAM, […]

More CN layoffs only if business slows dramatically during second wave, says CEO

Nov 18 2020 — Ross Marowits — CN Rail may only have to consider another painful round of layoffs if COVID-19's second wave causes shipping volumes to drop dramatically again, its chief executive said Wednesday. "If the economy slows down we might have to have layoffs," Jean-Jacques Ruest said a day after marking the 25th anniversary of the government's privatization of Canadian […]

Transat extends Air Canada takeover timing following European regulatory review

May 25 2020 — Ross Marowits — TORONTO — Transat AT has extended the timing of its acquisition by Air Canada after European regulators launched an in-depth investigation into the deal over concerns it may reduce competition and result in higher prices. The Montreal-based tour company that owns Air Transat said it informed Air Canada of its decision to delay the transaction […]

🔔 We're about to launch our newsletter! Make sure you don't miss a beat. Sign up for our newsletter