January 23rd, 2021

Business

Air Canada reduces first-quarter capacity by 25 per cent, cuts 1,700 jobs

By The Canadian Press on January 13th, 2021

MONTREAL – Air Canada says it will cut 1,700 jobs as it scales down flights for the first quarter of 2021. The 25 per cent reduction in service will also affect 200 employees at Air Canada’s Express carriers, the company said Wednesday morning. With the reduction, Air Canada’s capacity in the first quarter of 2021 ... Read More »

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Canadian Press NewsAlert: Air Canada slashes capacity, cutting more jobs

By The Canadian Press on January 13th, 2021

MONTREAL – Air Canada says it is reducing its first-quarter capacity by 25 per cent, a move that will mean the loss of about 1,700 jobs at the airline. The Montreal-based carrier says the cuts will also affect more than 200 employees at its Express carriers. Air Canada says with the cuts its capacity in ... Read More »

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Air Canada suspends more routes in Atlantic Canada in latest round of cuts

By The Canadian Press on January 13th, 2021

HALIFAX – Air Canada has told airports in Atlantic Canada that it will suspend more routes in the region until further notice. Effective Jan. 23, the airline will suspend all service in Gander, N.L., Goose Bay, N.L., and Fredericton, N.B., the Atlantic Canada Airports Association says. The cuts come just days after Air Canada’s latest ... Read More »

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S&P/TSX composite down as energy sector falls, U.S. stock markets up in early trading

By The Canadian Press on January 13th, 2021

TORONTO – Canada’s main stock index fell in early trading amid weakness in the energy sector, while U.S. stock markets climbed higher. The S&P/TSX composite index was down 19.03 points at 17,966.77. In New York, the Dow Jones industrial average was up 22.80 points at 31,091.49. The S&P 500 index was up 2.35 points at ... Read More »

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Shaw Communications reports $163M Q1 profit, up from $162M a year ago

By The Canadian Press on January 13th, 2021

CALGARY – Shaw Communications Inc. reported a first-quarter profit of $163 million, up from $162 million in the same quarter a year earlier, as its revenue crept lower. The cable and wireless company says the profit amounted to 31 cents per diluted share for the quarter ended Nov. 30, unchanged from the same quarter a ... Read More »

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NYC to terminate Trump contracts after Capitol insurrection

By The Associated Press on January 13th, 2021

New York City will terminate business contracts with President Donald Trump after last week’s insurrection at the U.S. Capitol, Mayor Bill de Blasio announced Wednesday. The Trump Organization is under city contract to operate the two ice rinks and a carousel in Central Park as well as a golf course in the Bronx. The Trump ... Read More »

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Japan widens virus emergency to 7 more areas as cases surge

By Mari Yamaguchi, The Associated Press on January 13th, 2021

TOKYO – Japan expanded a coronavirus state of emergency to seven more prefectures Wednesday, affecting more than half the population amid a surge in infections across the country. Prime Minister Yoshide Suga also said Japan will suspend fast-track entry exceptions for business visitors or others with residency permits, fully banning foreign visitors while the state ... Read More »

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Bausch Health says revenue for full year to outperform guidance of $7.8B to $8B

By The Canadian Press on January 13th, 2021

LAVAL, Que. – Bausch Health Companies Inc. says it expects its revenue for 2020 to top its guidance for the year, following a strong finish. The company says it expects its revenue to total more than US$2.2 billion for its fourth quarter. It also says revenue for its full year is expected to beat its ... Read More »

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Japan widens virus emergency for 7 more areas as cases surge

By Mari Yamaguchi, The Associated Press on January 13th, 2021

TOKYO – Japan expanded a coronavirus state of emergency for seven more prefectures Wednesday, affecting more than half the population as infections spread across the country. Prime Minister Yoshide Suga’s announcement comes less than a week after his Jan. 7 emergency declaration for Tokyo and three nearby prefectures. The new declaration adds seven other prefectures ... Read More »

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Indonesia starts COVID-19 vaccination campaign with Widodo

By Edna Tarigan And Victoria Milko, The Associated Press on January 12th, 2021

JAKARTA, Indonesia – Indonesian President Joko Widodo on Wednesday received the first shot of a Chinese-made COVID-19 vaccine after Indonesia approved it for emergency use and began efforts to vaccine millions of people in the world’s fourth most populated country. After Widodo, top military, police and medical officials were vaccinated, as well as the secretary ... Read More »

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Boeing deliveries drop despite 737 Max’s return to flight

By The Associated Press on January 12th, 2021

Boeing Co. got a bump in orders and deliveries of new planes in December, but it wasn’t enough to salvage a poor year for the big aircraft maker. Chicago-based Boeing still reported more cancellations than new orders for its 737 Max jet, which was grounded for 21 months after crashes in Indonesia and Ethiopia killed ... Read More »

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