January 22nd, 2021

Business

WestJet reintroduces Boeing 737 Max in flight from Calgary to Vancouver

By Jon Victor, The Canadian Press on January 21st, 2021

Nearly two years after being grounded following two deadly crashes, Boeing’s 737 Max aircraft returned to Canadian airspace Thursday morning. WestJet flight 115 left Calgary International Airport at 7:43 a.m. local time, bound for Vancouver. Passengers preparing to board the flight said they weren’t overly concerned about travelling on the plane. It’s the first commercial ... Read More »

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TC Energy cutting more than 1,000 Keystone XL construction jobs as work halted

By The Canadian Press on January 21st, 2021

CALGARY – TC Energy Corp. is planning to eliminate more than 1,000 construction jobs related to its decision to halt work on its Keystone XL pipeline expansion project. The company suspended work on the project Wednesday as U.S. President Joe Biden cancelled a key presidential permit for the pipeline border crossing. TC Energy had earlier ... Read More »

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S&P/TSX composite slips in morning trading, loonie moves higher

By The Canadian Press on January 21st, 2021

TORONTO – Canada’s main stock index dipped in early trading, lagging U.S. markets as the Canadian dollar headed higher. The S&P/TSX composite index was down 33.13 points at 17,981.78. In New York, the Dow Jones industrial average was up 37.73 points at 31,226.11, the S&P 500 index was up 5.63 points at 3,857.48, while the ... Read More »

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US home construction jumps 5.8% in December to 1.67 million

By Martin Crutsinger, The Associated Press on January 21st, 2021

WASHINGTON – U.S. home construction jumped 5.8% in December to 1.67 million units, ending a strong year for home building. The better-than-expected gain followed an increase of 9.8% in November, the Commerce Department reported Thursday. Housing has been one of the star performers this year even as the overall economy has been wracked by the ... Read More »

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US jobless claims decline to a still-high 900,000

By Christopher Rugaber, The Associated Press on January 21st, 2021

WASHINGTON – Fewer Americans applied for unemployment benefits last week, lowering claims to 900,000, still a historically high level that points to further job cuts in a raging pandemic. The Labor Department’s report Thursday underscored that President Joe Biden has inherited an economy that faltered this winter as virus cases spiked, cold weather restricted dining ... Read More »

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CFIB raises estimate of small businesses at risk of closing permanently

By The Canadian Press on January 21st, 2021

TORONTO – The Canadian Federation of Independent Business is raising its estimate for the number of businesses that are considering closing permanently. The organization says one in six or about 181,000 Canadian small business owners are seriously contemplating permanently closing, based on a survey of its members done last week. Based on the forecast it ... Read More »

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Changes in Indian farm laws could benefit Canada, experts say

By Hina Alam, The Canadian Press on January 21st, 2021

VANCOUVER – Changes to India’s farm laws could open up the second most populous country to Canadian farmers, although a lot remains unknown about how a liberalized market might affect nations looking to export their produce, experts say. A freer market in India would help corporations and countries that see it as a destination to ... Read More »

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WestJet to reintroduce Boeing 737 Max today in flight from Calgary to Vancouver

By The Canadian Press on January 21st, 2021

CALGARY – WestJet Airlines will operate the first commercial Boeing 737 Max flight in Canada today since the aircraft was grounded in 2019 following two deadly crashes. Transport Canada lifted its grounding order for the Max on Wednesday after approving design changes to the plane and requiring pilots to undergo additional training. WestJet executives will ... Read More »

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SAP announces expansion to new downtown Montreal office, adding 30 employees

By Jon Victor, The Canadian Press on January 21st, 2021

MONTREAL – Enterprise software company SAP Canada will open a new research and development office in Montreal for its SAP Labs division and plans to add 30 new employees as part of the expansion. The company said in a new release Thursday that its decision to open the new office, located at Place Ville Marie ... Read More »

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Biden plans temporary halt of oil activity in Arctic refuge

By Becky Bohrer, The Associated Press on January 20th, 2021

JUNEAU, Alaska – President Joe Biden’s administration announced plans Wednesday for a temporary moratorium on oil and gas leasing in Alaska’s Arctic National Wildlife Refuge after the Trump administration issued leases in a part of the refuge considered sacred by the Indigenous Gwich’in. The plans, along with other executive actions, came on Biden’s first day ... Read More »

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‘Gut punch’: Alberta Premier Jason Kenney blasts Biden on revoked Keystone XL permit

By Dan Healing, The Canadian Press on January 20th, 2021

CALGARY – Alberta Premier Jason Kenney is calling for the federal government to impose economic sanctions against the United States in response to newly inaugurated U.S. President Joe Biden’s “gut punch” decision to tear up the permit for the Keystone XL oil pipeline expansion. “As friends and allies of the United States, we are deeply ... Read More »

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