Air Canada reported third-quarter profit that beat analyst estimates as the nation’s largest carrier’s cost-cutting plan continued to bear fruit.
Canadian stocks rose for the first time in three days as Air Canada soared, offsetting a drop in technology stocks amid optimism U.S. lawmakers will reach a solution to end a budget impasse.
Proving the CSeries jet could fly was the first step in Bombardier Inc.’s quest to prove that its biggest aircraft ever can challenge models from Boeing Co. and Airbus SAS.
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.
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.
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.
Canadian National Railway Co., the country’s largest railroad, said it may face a “challenging” second half because of “softness” in shipping bulk products such as grain.
"While this leaves the full year guidance somewhat uncomfortably dependent on a strong fourth quarter, we believe that continued GDP-plus like growth in merchandise and intermodal, an expected ramp-up in crude on rail, and an average grain crop production volume should drive a strong ending for 2013."
- Fadi Chamoun on Jul 23, 2013