Nissan ex-chair Ghosn's lawyer appeals court bail rejection

TOKYO -- Nissan's former chairman Carlos Ghosn's lawyers have appealed the rejection by a Tokyo court earlier this week of their request for his release on bail.
Thursday's appeal comes two days after the Tokyo District Court turned down a bail request by Ghosn's lawyer, prolonging his detention.
See Full Article

Asian shares track Wall Street gains on robust U.S. earnings

SINGAPORE -- Asian shares were mostly higher Thursday after strong earnings reports lifted indexes on Wall Street. But a report that the U.S. was investigating China's Huawei for allegedly stealing trade secrets from American companies limited gains.
See Full Article

Airbus starts work on A220 assembly line in U.S.

MONTREAL -- Airbus SE broke ground Wednesday on the A220 aircraft assembly line at its facility in Mobile, Ala., the first step in a US$300-million construction project paid for by Bombardier Inc.
That amount makes up a chunk of the US$925 million the Quebec plane-and-train maker could shell out by the end of 2021 under a partnership that saw Airbus take control of the C Series -- now known as the A220 -- last July without paying a penny.
See Full Article

Asian shares mixed on report of Huawei investigation

SINGAPORE -- Asian shares were mixed Thursday on fears that a reported U.S. investigation of China's Huawei would derail trade talks between the world's two largest economies.
KEEPING SCORE: Hong Kong's Hang Seng dropped 0.1 per cent to 26,866.94 while Australia's S&P ASX 200 rose 0.3 per cent to 5,850.10.The Shanghai Composite index lost 0.1 per cent to 2,567.21.
See Full Article

Trucking association wants foreign workers to fill trucker shortage

The Ontario Trucking Association says there's a desperate shortage of truckers in Ontario and they have a solution: bring in foreign workers.
The association says it wants to bring in more foreign workers to do the job because long-haul trucking is a job people in Ontario don't want.
See Full Article

Alberta crude oil curtailments remain unchanged despite price recovery

CALGARY -- Alberta Energy Minister Marg McCuaig-Boyd says the province is leaving its oil curtailment levels at 325,000 barrels per day for now despite discounts for western Canadian crude that have narrowed to three-and-a-half-year lows.
See Full Article

Global tensions high ahead of Davos summit, warns World Economic Forum

Organizers of next week's annual gathering of business and political leaders in the Swiss ski resort of Davos say worsening international relations are hindering efforts to resolve global challenges.
See Full Article

RBC cuts 5-year fixed mortgage rate, other banks expected to follow

TORONTO - Royal Bank of Canada has lowered its posted five-year fixed rate by 15 basis points from 3.89 per cent to 3.74 per cent.
Mortgage rate comparison website founder Robert McLister says RBC is the first of the Big Six banks to cut its advertised five-year fixed rate after a fall in five-year bond yields.
See Full Article

Sears staves off liquidation, stores to remain open

Sears will live on — at least for now.
The company's chairman and largest shareholder, Eddie Lampert, won a bankruptcy auction for Sears, averting liquidation of the iconic chain, according to a source familiar with the negotiations.
See Full Article

Gillette's socially conscious message likely to get warm reception in Canada

TORONTO -- A Gillette advertisement depicting sexism in boardrooms, backyards and on street corners is the latest in a wave of socially conscious promotions to crop up in the wake of the Me Too era, and a message that is likely to find a receptive audience in Canada -- particularly among women.
See Full Article

Brexit strategy: Companies warn UK lawmakers that status quo comes with a heavy cost

Furious companies facing weeks more uncertainty over an ever closer Brexit lashed out at politicians on Wednesday, and warned of chaos at ports and catastrophic job losses if Britain failed to secure a withdrawal deal with the European Union.
See Full Article

Wait until Trans Mountain built before buying in, Indigenous investors told

CALGARY - The consultant who helped broker a $545-million investment by two northern Alberta Indigenous communities in a new Suncor Energy Inc. storage tank farm says similar stakes in the Trans Mountain pipeline shouldn't take place until after its expansion is built.
See Full Article

Snap to lose chief financial officer, its 2nd in a year

Snap Inc. is getting hit hard in morning trading after the social media company said its chief financial officer is leaving, the second to do so in the past year.
In a regulatory filing Tuesday, the company said Tim Stone is leaving to pursue other opportunities.
See Full Article