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Experts worry about Canadian water bomber expertise with rising demand, aging fleets

Experts worry about Canadian water bomber expertise with rising demand, aging fleets

MONTREAL — Aviation experts say Canada is losing expertise in the manufacturing of water bombers — just as demand for them is increasing. The Canadair CL-415, a purpose-built water bomber, was last produced in 2015.
Irving Oil reviewing strategic options including possible sale

Irving Oil reviewing strategic options including possible sale

Irving Oil said Wednesday that a strategic review of the company is underway and that it is looking at a series of options about its future, including a possible sale of the business.
Four directors step down from Indigo board, Reisman also leaving in August

Four directors step down from Indigo board, Reisman also leaving in August

Nearly half the board of Indigo Books and Music Inc. is stepping down — including founder and executive chair Heather Reisman — in a stunning announcement that saw one director allege poor leadership and treatment.
Canadian Pacific guilty of contempt of court around long work shifts

Canadian Pacific guilty of contempt of court around long work shifts

A Federal Court judge has found Canadian Pacific Kansas City Ltd. guilty of contempt of court for employees working excessively long hours.
Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (19,983.69, down 71.91): Suncor Energy Inc. (TSX:SU). Energy. Up 70 cents, or 1.76 per cent, to $40.49 on 14.3 million shares.
S&P/TSX composite down Wednesday, U.S. stock markets mixed

S&P/TSX composite down Wednesday, U.S. stock markets mixed

TORONTO — Canada's main stock index moved lower Wednesday as the market digested an interest rate hike by the Bank of Canada, while U.S. markets were mixed. The Bank of Canada hiked its key interest rate by a quarter of a percentage point to 4.
CNN ousts CEO Chris Licht after a brief, tumultuous tenure

CNN ousts CEO Chris Licht after a brief, tumultuous tenure

NEW YORK (AP) — CNN ousted chief executive Chris Licht after a tumultuous year leading the struggling news network that culminated in a damning magazine profile and the realization that he’d lost the confidence of the network's journalists.
Stock market today: Wall Street drifts as drops for tech overshadow gains elsewhere

Stock market today: Wall Street drifts as drops for tech overshadow gains elsewhere

NEW YORK (AP) — U.S. stocks drifted to a mixed close as drops for Microsoft and other big-name tech stocks overshadowed gains for much of the rest of Wall Street. The S&P 500 fell 0.
Lionel Messi says he's joining Major League Soccer's Inter Miami after exit from Paris Saint-Germain

Lionel Messi says he's joining Major League Soccer's Inter Miami after exit from Paris Saint-Germain

MIAMI (AP) — Lionel Messi has pulled off his latest stunning feat: He is headed to Major League Soccer, and joining Inter Miami.
Bank of Canada raises interest rates as it tries to get ahead of hot economy

Bank of Canada raises interest rates as it tries to get ahead of hot economy

OTTAWA — After watching to see whether its aggressive rate hike path were enough to quash inflation, the central bank has opted to raise interest rates again — fuelling speculation that another rate hike is in the cards for July.