WestJet Airlines Ltd. is warning furloughed workers their pay will be cut by up to 53 per cent starting Sunday due to changes in the extended federal wage subsidy, prompting flight crews to call on Ottawa for action. The maximum weekly payment for more than 3,200 employees on furlough — a mandatory leave of absence […]
An international outbreak of respiratory illness sparked by a novel coronavirus has spread from its origins in central China to at least 11 countries, with more than 1,200 confirmed cases and over 40 deaths. Like previous outbreaks, including the SARS virus 17 years ago, the flu-like disease poses a risk to economies around the world […]
The outgoing head of Quebec’s pension fund manager says the U.S.-China trade war threatens to fan protectionism and cleave economies in what amounts to “the defining conflict of our time.” Michael Sabia, who is slated to step down as chief executive officer of the Caisse de dépôt et placement du Québec in February, said Thursday […]
SNC-Lavalin Group Inc. is slashing its profit forecast for the third time this year as the company’s new chief executive officer veers away from construction and oil projects to double down on engineering. The beleaguered firm said Monday it is quitting the competitive field of fixed-price contracts, which leave companies vulnerable to cost overruns. It […]