Tag: economy

BRP CEO brushes off concerns over global economy, citing consumer confidence

The possibility of a recession did little to dampen the spirits of BRP Inc.’s CEO, who highlighted encouraging consumer trends as the company raised its financial outlook for 2020 following record second-quarter revenues and a profit boost of 128 per cent. Jose Boisjoli, chief executive of the maker of Ski-Doo snowmobiles and Sea-Doo watercraft, cited…

Chorus Aviation CEO says company can profit from a slowing economy

The head of Chorus Aviation Inc. suggested that signs of a slowing global economy would work in its favour. “Historically during economic downturns, mainline carriers typically contract more flying to their regional partners to lower costs and increase their utilization of smaller aircraft, which are better suited to serve reduced market demand,” said chief executive…

World economy wobbles on eve of Davos with politics to blame

High in the Alps, the global elite will be feeling low about the economic outlook. The ski resort of Davos, Switzerland, will again play host next week to the World Economic Forum’s annual meeting, drawing JPMorgan Chase & Co.’s Jamie Dimon, German Chancellor Angela Merkel and Chinese Vice President Wang Qishan. Domestic political strife is…