Porter Airlines Inc.’s bid to more than double the reach of its network hinges on winning over governments in Toronto and Ottawa amid potentially fierce opposition from local residents in its hometown.
Canadian Imperial Bank of Commerce and Aimia Inc. say they’re willing to end their profitable credit card partnership after 22 years over a disagreement on terms. Analysts aren’t buying it.
Bombardier Inc. hired Lutz Bertling away from European Aeronautic, Defence & Space Co. to run its slumping train unit and replace the retiring Andre Navarri.
Bill Ackman, the largest investor in Canadian Pacific Railway Ltd., is following Warren Buffett in profiting from growing oil and gas production in North America’s Bakken shale.
Canadian Pacific Railway Ltd. restarted its freight network in Canada today after Parliament passed a bill ending a weeklong Teamsters strike that snarled industry supply chains and seaport traffic.
William Ackman’s plan to wage a proxy fight to install a new chief executive officer at Canadian Pacific Railway Ltd. pivots on the legacy of the CEO who once led the carrier’s larger rival.
Bombardier Inc., the world’s biggest maker of business jets by revenue, said first-quarter profit fell 16 percent as the company delivered fewer of its large- cabin Global 5000 and 6000 aircraft.
Canadian National Railway Co., the country’s biggest railroad, said third-quarter profit rose less than 1 percent as revenue from grain, petroleum and chemical carloads increased.
Bombardier Inc. won the biggest business-jet deal in its history with luxury air-charter company VistaJet Holding SA, exceeding a transaction five months ago with Warren Buffett’s plane-leasing unit.
Bombardier Inc., the world’s third- biggest maker of commercial jets, said fourth-quarter profit fell 27 percent as deliveries of regional aircraft slid.
"The CSeries' superior economics versus other small narrow-body aircraft employed by WestJet and Air Canada is a significant added advantage."
- Fadi Chamoun on Apr 11, 2013