National Newswatch

Federal NDP Leader Jagmeet Singh resigns seat in Ontario legislature

Oct 20 2017 — — Federal NDP Leader Jagmeet Singh has resigned his seat in Ontario’s legislature. Singh, 38, had served as a member of provincial parliament since 2011, representing the riding of Bramalea-Gore-Malton. He was elected leader of the federal New Democrats on Oct. 1 and became the first visible minority to claim the leadership of a federal party. […]

Toronto stock market advances, while loonie falls two-thirds of a cent

Oct 20 2017 — The Canadian Press — TORONTO — Major North American indices made gains today, with those in New York setting record highs, as investors felt confident about the economy and politics. The S&P/TSX composite index gained 39.22 points to 15,857.22.  In New York, all three indices reached new highs. The Dow Jones industrial average rose 165.59 points to 23,328.63. The S&P 500 index advanced 13.11 points to 2,575.21 and the […]

Ontario Premier Kathleen Wynne moves to sue Opposition leader for defamation

Oct 20 2017 — — Ontario’s premier says she is taking another step toward a defamation lawsuit against the province’s Opposition leader. Kathleen Wynne’s lawyer demanded in a letter last month that Progressive Conservative Leader Patrick Brown retract comments suggesting the premier is personally on trial. That letter came minutes before Wynne testified as a witness at a trial in […]

PM briefs premiers on NAFTA developments, as more ministers bound for U.S.

Oct 20 2017 — — As negotiations to rewrite the North American Free Trade Agreement falter, the Trudeau government is expecting premiers and federal cabinet ministers to fan out across the United States to push the merits of the trilateral trade pact. Federal cabinet ministers will be heading south in the coming days to continue their full-court press for the […]

Airbus has no plans to buy out CSeries partners, expects tough Boeing fight

Oct 20 2017 — — Airbus has no plans to buy out minority CSeries partners Bombardier and the Quebec government, Airbus chief executive Tom Enders said Friday. According to terms of the deal announced Monday, Airbus had the option to buy out Bombardier (TSX:BBD.B) in about seven years, and the Quebec government in 2023. Following a joint appearance with Bombardier […]

Speciality drug firm Concordia International seeks to cut debt by $2 billion

Oct 20 2017 — The Canadian Press — OAKVILLE, Ont. — Shares of Concordia International Corp. (TSX:CXR) plunged below $1 on Friday after the Ontario-based drug company announced its intention to reduce its debt by more than $2 billion under a proposed recapitalization transaction. Concordia had traded above $100 for a time in mid-2015 before its fall. Its shares were down 35 cents or about […]

Halifax pitches abandoned military site for Amazon campus in declassified report

Oct 20 2017 — Brett Bundale, The Canadian Press — HALIFAX — A declassified Halifax regional council report reveals new details of the city's longshot bid to woo online retail giant Amazon, including offering the site of a former military community. The confidential report, discussed by council behind closed doors earlier this month, lays out Halifax's planned bid to attract the e-commerce and cloud computing giant's second North […]

Brands face risk of backlash by tweeting about Gord Downie

Oct 20 2017 — Cassandra Szklarski, The Canadian Press — TORONTO — Fans of rock star, poet and Canadian troubadour Gord Downie began flooding social media with heartfelt tributes as soon as word emerged that the singer had died. And among their tweets were some that appeared less than heartfelt — messages from corporate brands including Hudson's Bay and Chevrolet Canada. One tweet from @hudsonsbay spurred […]