MONTREAL — Some Canadian companies that earn a high share of their revenues in the United States stand to save big from a large reduction in the corporate tax rate, say industry experts.
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By Ross Marowits The Canadian Press
MONTREAL — Canada’s largest bank is joining global tech giants in setting up a research lab in Montreal to take advantage of the city’s growing artificial intelligence expertise.
The Royal Bank of Canada will open a Borealis AI lab in the new year, joining labs in Toronto and Edmonton. It hopes to have 10 researchers on staff in the first year of operation.
MONTREAL — Champion Iron Ltd. is restarting production in March at its Bloom Lake iron mine in Quebec’s Labrador Trough, three years after it was shuttered when its previous owner sought creditor protection.
Flying on WestJet’s low-cost carrier Swoop will come with a price: ancillary fees that will cost travellers about twice what they pay on the mainline carrier, the CEO of the Calgary-based airline said Tuesday.
Gregg Saretsky said he expects non-fare fees on Swoop, which is set to launch in June, will be very similar to so-called ultra low-cost carriers in the U.S.
MONTREAL — Bombardier Inc. is expected to double down on its efforts to snag a CSeries order from China after the U.S. announced hefty duties that threaten to shut it out of the large American market.
MONTREAL — The country’s two largest railways are calling for federal investments to boost the rail capacity of Vancouver’s North Shore,despite moving large quantities of grain last year.
Canadian National Railway (TSX:CNR) transported 21.8 million tonnes of the 2016-2017 Western Canadian grain crop, beating its record from two years earlier by two per cent.
MONTREAL — The St. Lawrence Seaway is recovering from the worst cargo season in years with an unexpected resurgence in exports of iron ore and grain in the first half of the shipping year.
Cargo shipments increased 18 per cent between March 20 and July 31 from a year ago to 16 million tonnes, according to the St. Lawrence Seaway Management Corp.
MONTREAL — Canadian Pacific Railway is putting pressure on its larger domestic rival by cutting days off the delivery of imported goods from Vancouver to the U.S. industrial heartland.
MONTREAL — Air Transat is planning to test and deploy a new system next year that would allow an aircraft to taxi from the runway to the gate without having to use a plane’s engine, thereby cutting operating costs and greenhouse gas emissions.
The Montreal-based carrier would be the world’s first airline to use the WheelTug system, according to the company that developed it.
MONTREAL — Bombardier says its new CSeries aircraft has received an independent environmental certification, confirming its promise of a commercial jet with a substantially lower carbon footprint.