Category: Canadian Business

Bombardier sells regional jet business to Japanese firm Mitsubishi

MONTREAL – Bombardier Inc. announced Tuesday a deal to sell its regional jet program to Mitsubishi Heavy Industries Ltd. for US$ 550 million, cementing the plane-and-train maker’s exit from commercial aviation. “With our aerospace transformation now behind us, we have a clear path forward and a powerful vision for the future,” Bombardier chief executive Alain…

Productivity gains outpace steep rise in agricultural energy use since 1990

CALGARY – Third-generation farmer Ron Lamb remembers his father pulling six-metre-wide crop-seeding equipment around his southern Alberta grain fields in the 1990s, overlapping on each pass to make sure he covered all the ground. “When my dad was seeding the soil, he was using a 20-foot-wide piece of machinery and he was eyeballing or judging…

Star athletes become trophies banks covet as salaries skyrocket

John-Michael Liles knows the temptations that can accompany a lucrative NHL contract. His came in the form of a ’69 Chevy Camaro. Back when the retired defenceman was a rookie in 2003, he was wowed by a muscle car owned by a Colorado Avalanche teammate. Liles vowed that if he ever landed a big National…

The Merits of a Floating Exchange Rate

The benefits of our floating dollar Canada and many other open economies have been well served by a market-determined flexible exchange rate. The floating dollar has four main benefits. Monetary policy independence Open, trading economies like Canada’s are exposed to global economic storms. A flexible exchange rate gives us the flexibility to set our own…