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Unifor head supports Air Canada's bid for Transat, citing worker stability

MONTREAL - The largest private-sector union in the country says Air Canada is employees' best option when it comes to the purchase of Quebec tour operator Transat A.T.

Unifor president Jerry Dias argues in an open letter that while takeovers can work against employees' best interest, his union is backing the option that offers the most stability.

43 minutes ago

TSX falls for a second day despite gold futures hitting six-year high

TORONTO - Weakness in the industrials and energy sectors pushed Canada's main stock index lower despite the impact of gold futures hitting a new six-year high.

The S&P/TSX composite index closed down 18.21 points at 16,484.21.

51 minutes ago

Trudeau to push trade pact in EU summit as France moves ahead on CETA

MONTREAL - Lawmakers in France began their ratification of the comprehensive trade agreement between the European Union and Canada as Prime Minister Justin Trudeau welcomed one of the leaders of the 28-country bloc to Montreal on Wednesday.

Trudeau has been pushing hard for a win on trade and foreign policy after two difficult years marked by a rough renegotiation of the North American Free Trade Agreement with the Trump administration and the deterioration of political and trade relations with China.

1 hour ago

Natural gas producers demand government action in open letter to Kenney

CALGARY - The CEOs of nine Alberta natural gas producers have released an open letter to Premier Jason Kenney asking him to show "bold leadership" in supporting a plan to restrict production to boost low gas prices.

The letter warns the province faces a high likelihood of corporate failures, job losses and falling investment levels if the situation is allowed to continue.

1 hour ago