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Category Archives: Economic

Unifor says it has left Canadian Labour Congress over dispute

The largest private sector union in Canada said Wednesday it is splitting with the Canadian Labour Congress over issues which include disagreements about the rights of workers to choose what union should represent them. In a notice posted on its website, Unifor national president Jerry Dias and Quebec director Renaud Gagne said the congress has…

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Home Capital vows to defend itself against short seller's lawsuit

Home Capital Group days it vows to defend itself against misrepresentation claims in a $4-million lawsuit filed by a short seller against the alternative lender and three of its former executives. The company issued a response after California-based short seller Marc Cohodes on Monday filed a statement of claim with the Ontario Superior Court of…

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Ford skids after disappointing outlook

Shares of Ford Motor Co fell almost seven per cent on Wednesday following a disappointing outlook, underscoring that turnaround plans would take years to bear fruit. At an investor conference in Detroit late on Tuesday, Ford estimated 2017 earnings per share well below analysts’ average expectation, and said 2018 would be lower than the mid-point of…

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