Two become one? Planemakers work on tech to cut pilot numbers

Airplane manufacturers are working to adapt jets to reduce the number of pilots needed for long-haul flights and to build new cockpits designed for a single aviator in order to ease a global pilot shortage and cut airline costs. Airbus SE and Thales SA expect the number of cockpit crew on long-haul flights, typically three […]

Ethics watchdog clears Bill Morneau in pension bill fallout

Finance Minister Bill Morneau wasn’t in a conflict of interest when he introduced a pension bill in the House of Commons while he still owned shares in his family’s pension services company, according to the ethics commissioner. The opposition benches insisted Morneau could personally benefit from Bill C-27, which seeks to amend the Pension Benefits Standards Act, because he […]

Audi CEO Rupert Stadler arrested in Volkwagen emissions investigation

German authorities on Monday detained the chief executive of Volkswagen’s Audi division, Rupert Stadler, as part of a probe into manipulation of emissions controls. The move follows a search last week of Stadler’s private residence, ordered by Munich prosecutors investigating the manager on suspicion of fraud and indirect improprieties with documents. “Audi CEO Rupert Stadler […]

DavidsTea chief executive resigns after board shakeup

DavidsTea chief executive has resigned after the company’s shareholders voted to turf most of the existing board by electing seven nominees presented by the company’s co-founder. Chief executive Joel Silver, who was management’s face on an attempt to prevent a dissident revolt, resigned effective immediately, the company announced soon after the results were disclosed at […]

Roots reports bigger first quarter loss as sales hampered by winter storm

Roots Corp. reported a loss of $5.6 million in its fiscal first quarter, an increase from the prior year, but also reported an improvement in sales. The loss amounted to 13 cents per share, compared with last year’s loss of $5.1 million, or 12 cents per share. Its adjusted net loss was $4.5 million or […]

McDonald’s drops grilled cheese from Happy Meals for ‘nutrition’ reasons, keeps less healthy cheeseburger

Ronald McDonald has some explaining to do. Eleven years after introducing grilled cheese sandwiches as a vegetarian option in its Happy Meals, McDonald’s Canada has pulled the item from its menu. The restaurant chain has told a number of parents, who were protesting on social media, that it retired the cheesy sandwich to make way for […]

Pace of new housing construction slows in May, as multi-unit projects slide

The pace of new housing construction in Canada slowed in May amid a double-digit decline in multi-unit projects in urban areas after several months of above-average activity, Canada Mortgage and Housing Corp. said Friday. The federal agency’s seasonally adjusted rate of housing starts for all of Canada — which is an approximation of how much […]

Economy unexpectedly lost 7,500 jobs in May as unemployment rate held at 5.8%

The Canadian employment picture was weaker than expected in May, as the country unexpectedly lost about 7,500 jobs, according to figures released Friday by Statistics Canada. The average expectation of 14 forecasts was for the country to add just over 22,000 jobs last month, Bloomberg news said. Despite the small drop in the number of people working, the […]