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National Business

Founder of Canada Jetlines takes helm as CEO of rival Flair Airlines

KELOWNA, B.C. — The founder of Canada Jetlines is taking over as chief executive of Canadian discount carrier Flair Airlines Ltd.

Small and medium-sized businesses to up investment spend 3% this year: BDC

MONTREAL — A new report by the Business Development Bank of Canada says small and mid-sized businesses in Canada are expected to increase their investments by three per cent this year to $140.5 billion.
China's GAC to scrap Trump-sounding brand for US market

China's GAC to scrap Trump-sounding brand for US market

DETROIT — Chinese automaker GAC Motor will scrap the brand name it uses in China when it enters the U.S. market next year because it could be confused with President Donald Trump's surname.
UAE says Qatar fighter jets intercept flights, Doha denies

UAE says Qatar fighter jets intercept flights, Doha denies

DUBAI, United Arab Emirates — The United Arab Emirates claimed Qatari fighter jets intercepted two of its commercial airliners in international airspace on the way to Bahrain, allegations denied by Qatar.

Glacier Media closing 41-year-old Whistler Question weekly newspaper

Vancouver-based Glacier Media says it is closing a weekly newspaper that has served Whistler, B.C., since 1976. The Whistler Question, located in the ski resort region 120 kilometres north of Vancouver, is expected to publish its last edition on Jan.
6 Canadian banks manipulated an interest rate benchmark, U.S. lawsuit alleges

6 Canadian banks manipulated an interest rate benchmark, U.S. lawsuit alleges

WHITE PLANES, N.Y. — A class-action lawsuit filed in a U.S.
UK state contractor collapses in liquidation,putting 6,000 Canadian jobs at risk

UK state contractor collapses in liquidation,putting 6,000 Canadian jobs at risk

LONDON — One of the British state's biggest contractors collapsed Monday, putting thousands of jobs at risk, after creditors and the government refused to bail out a company struggling under the weight of more than 1.5 billion pounds (CAD$2.
National Bank lowers revenue growth expectations for Cineplex, cuts price target

National Bank lowers revenue growth expectations for Cineplex, cuts price target

TORONTO — Even the recent release of "Star Wars: The Last Jedi" couldn't keep Cineplex Inc. (TSX:CGX) shares from tumbling nearly four per cent Monday after an analyst forecasted a rocky 2018 for the company.
BlackBerry CEO John Chen sees Detroit auto show as next stop on road to future

BlackBerry CEO John Chen sees Detroit auto show as next stop on road to future

TORONTO — BlackBerry Ltd.
Health-care sector and commodity prices boost TSX, loonie advances

Health-care sector and commodity prices boost TSX, loonie advances

The Toronto Stock Exchange's main index moved ahead Monday, mostly on the back of rising oil and gold prices, but also thanks to gains in the health-care sector where a cannabis company's shares surged more than 20 per cent.