Canada

Noi Mahoney Wednesday, July 17, 2019

Record number of Mexican-made vehicles cross borders to be sold in North American, Asian markets

Mexican factories exported a record-breaking 1.74 million vehicles worldwide during the first six months of 2019.  The majority of those vehicles – 1.37 million – were shipped north across the border to the United States, according to data recently released by Mexico’s Asociacion Mexicana de la Industria Automotriz (AMIA).  “The United States remains, without a […]

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Thursday, June 27, 2019

Air Canada to buy Transat

Air Canada (TSE:AC) will acquire Transat A.T. (TSE:TRZ), the parent company of Canada’s third-largest airline, strengthening its position as the country’s dominant carrier.  The companies announced on June 27 that they had reached a final agreement for Air Canada to pay C$520 million, or C$13 per share for Transat. (A Canadian dollar equals US$0.76.) Negotiations […]

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Tuesday, June 18, 2019

Canadian government green-lights Trans Mountain expansion, again

The Canadian government re-approved the expansion of the Trans Mountain pipeline (TMX), which will boost the amount of oil that flows from Alberta to British Columbia. Prime Minister Justin Trudeau’s cabinet voted to go ahead with the expansion on June 18. Trudeau said the cabinet had taken heed of a federal court’s ruling in August […]

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