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Caisse de depot earns 7.6-per-cent return in 2016 as assets grow to $270.7 billion

MONTREAL — La Caisse de depot said Friday it earned a 7.6 per cent return on investments last year, driven by the recovery in oil and commodity prices. Net assets

Business News

Former Valeant and Philidor executives plead not guilty in fraud scheme

MONTREAL — A former executive with Valeant Pharmaceuticals and the head of a defunct U.S. mail-order pharmacy pleaded not guilty Thursday to conspiring to defraud the Quebec-based drug giant through

Business International

Updated: American Apparel won’t be fully ‘Made in U.S.A.’ anymore, Gildan says

MONTREAL — Some American Apparel branded clothing will be made outside the United States for the first time, the CEO of its new Montreal-based owner said Thursday. CEO Glenn Chamandy

Business

Gildan Activewear Q4 profit up to $74.5 million, revenue also rises

MONTREAL — Gildan Activewear Inc. (TSX:GIL) says it had US$74.3 million of profit in its fourth quarter, up from US$67.6 million in the same period last year. The profit amounted

Business International

Business jet makers will be bolstered by lower U.S. tax rates, says association

MONTREAL — The U.S. government’s plan to cut corporate taxes will bolster the business jet industry which last year had its weakest performance since 2004, an association representing the sector

Business

Saputo poised to gain full control of Australia’s Warrnambool dairy

MONTREAL — Canadian dairy giant Saputo Inc. is poised to gain full ownership of Warrnambool Cheese and Butter Factory Co. after Lion Dairy and Drinks accepted a sweetened offer to

Business

Bill 122: Newspapers Fear Job Losses and the Reduction of Accountability for Quebec Municipalities

Public Notices: Bill 122 Threatens the Print Media. Newspapers Fear Job Losses and the Reduction of Accountability for Quebec Municipalities. QUEBEC CITY, Feb. 22, 2017 /CNW Telbec/ – In its

Business

Canada Bread Company, Limited to Close Bakery in St-Côme-Linière, Quebec

Bakery Volume to Remain in Quebec. TORONTO, Feb. 21, 2017 /CNW/ – Canada Bread Company, Limited today announced plans to close its bakery in St-Côme-Linière, Quebec on May 19, 2017.

Business International

Quebec dairy giant Saputo boosts offer for remaining stake in Australia’s Warrnambool cheese and butter business

MONTREAL — Canadian dairy giant Saputo Inc. has sweetened its offer to buy out minority shareholders of Warrnambool Cheese and Butter Factory Co. as it seeks to gain full control

Business

Quebec turns up the maple syrup taps amid internal revolt, foreign competition

MONTREAL — Quebec, the world’s largest producer of maple syrup, is ramping up output as it fends off rising competition from the U.S. and neighbouring provinces as well as a

Business International News

Air Canada says low loonie not deterring Canadians from travelling to U.S.

MONTREAL — The relatively low value of the loonie isn’t deterring Canadians from travelling to the United States, especially to winter vacation spots in Florida, Arizona and Hawaii, Air Canada

Business

Air Canada posts bigger net loss in fourth quarter, revenue rises

MONTREAL — Air Canada (TSX:TSX), Canada’s largest airline, says it had a bigger net loss in the fourth quarter last year than in the same period in 2015 as costs

Business International

New Direct Flight Connecting Montreal and Shanghai: Great News for Quebec Tourism Industry

MONTRÉAL, Feb. 16, 2017 /CNW Telbec/ – Tourisme Montréal is very pleased to announce today’s inaugural Air Canada flight connecting Montréal and Shanghai. This new air link is highly strategic

Business

Bombardier to repay $372.5-million in federal loans over 15 years

MONTREAL — Bombardier’s chief financial officer says it will take 15 years for the company to repay the $372.5 million loan from Ottawa that was announced last week. During a