Company releases, economic news, and business coverage.
WASHINGTON - President Donald Trump is expected this week to extend relief from economic sanctions to Iran as part of the nuclear deal, citing progress in amending U.S. legislation that governs Washington's participation in the landmark accord, according to U.S. officials and others familiar with the administration's deliberations.
But Trump is likely to pair his decision to renew the concessions to Tehran with new, targeted sanctions on Iranian businesses and people, the six people briefed on the matter said. The restrictions could hit some firms and individuals whose sanctions were scrapped under the 2015 nuclear agreement, a decision that could test Tehran's willingness to abide by its side of the bargain.
HALIFAX - A passenger rights advocate is appealing a court decision that dismissed a claim by a woman who was denied boarding on an Air Canada flight and then told she may have to sit apart from her young daughter on another flight.
Gabor Lukacs said Wednesday that he filed legal briefs on behalf of Nicole Paine, who was travelling with her two-month-old twins, three year-old daughter, her mother and a dog in December 2016 as they relocated from Vancouver to Sydney, N.S.
WASHINGTON - The Federal Reserve said Wednesday the payments it will make to the federal government based on its 2017 operations will drop to $80.2 billion, down 12.3 per cent from 2016.
It will be the second year that the payments have declined although they still remain about three times higher than the level in effect before 2008, when the Fed began a massive expansion of its bond holdings.
TORONTO - Longtime Tim Hortons executive David Clanachan has been appointed the first chairman and commissioner of the Canadian Premier League.
The men's pro soccer league, which has been on the drawing board for some four years and under construction for one, is set to debut in the spring of 2019. Clanachan (pronounced clan-a-han) says the league is currently dealing with 12 to 15 interested cities and expects to launch with eight to 10 teams.
NEW YORK - As more than two dozen men have lost media jobs or projects after sexual misconduct accusations in the last several months, their departures have opened doors for a handful of women.
The wave of accusations has led to other changes as well, leading to hopes that newsroom culture is improving for women in media. Digital media company Vice says it will hire more women and pay them the same as men. And more women are speaking up about harassment and unfair pay, and pressing for better treatment.
BEIJING - China plans to buy 184 Airbus A320 jetliners, French President Emmanuel Macron said Wednesday, in a diplomatic tradition aimed at defusing trade complaints.
Chinese President Xi Jinping said his government "will preserve parity" in market share between Airbus and its U.S. rival, Boeing, said Macron at a news conference.
COPENHAGEN - American rapper G-Eazy has cancelled a partnership with H&M after the Swedish clothing retailer was accused of racism over a promotional image of a black child dressed in a hoodie reading "coolest monkey in the jungle."
The rapper, whose real name is Gerald Earl Gillum, tweeted that he decided "our partnership needs to end" after seeing "the disturbing image," joining singer The Weeknd, who has said he would end his ties with the company where he has a clothing line.
MONTREAL - Power Corp. of Canada says Andre Desmarais has resumed his full executive duties at the company.
Desmarais, deputy chairman, president and co-chief executive, had taken a temporary medical leave from his day-to-day activities at the conglomerate in April last year.
MONTREAL - Companies might not be able to dodge rising minimum wages by relocating even their most mobile workforces to lower wage provinces, but higher costs could accelerate the pace of automation.
"It would be foolish of some employers to think that they can escape temporarily by moving their operations," said Canadian Labour Congress president Hassan Yussuff.
TORONTO - A report by CIBC says the recent strength in Canada's labour market runs deeper than just the 420,000 jobs added last year.
CIBC deputy chief economist Benjamin Tal says the economy also saw average wage earnings grow and the creation of more higher-paying jobs last year than low-paying ones.