The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
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This week, Huds.... More »
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New Malaysia Airlines CEO says troubled carrier could break even by 2018
– canadianbusiness.com
The new CEO of Malaysia Airlines said the ailing carrier could break even by 2018 after cutting staff, selling surplus aircraft and refurbishing its international fleet.
Christoph Mueller said Monday that the airline is trying to sell two of its A380 super jumbo jets and has gone ahead with its previously announced plan to cut 6,000 of its 20,000 staff.
The remaining 14,000 employees have been offered jobs in a new company being set up to take over the legacy Malaysia Airlines business.
The former CEO of Ireland’s Aer Lingus told a press conference that Malaysia Airlines is “technically bankrupt” but can remerge as Southeast Asia’s leading airline.
It is being kept alive by an injection of funds from a Malaysian government sovereign wealth fund after double disasters in 2014 dealt a fatal blow to its already struggling business. The Malaysian parliament passed a law allowing the airline to be restructured under Chapter 11-style bankruptcy protection.
The airline had a good safety and service record before last year’s disasters but the tragedies, and the airline’s handling of the first one in particular, hurt its brand…
Christoph Mueller said Monday that the airline is trying to sell two of its A380 super jumbo jets and has gone ahead with its previously announced plan to cut 6,000 of its 20,000 staff.
The remaining 14,000 employees have been offered jobs in a new company being set up to take over the legacy Malaysia Airlines business.
The former CEO of Ireland’s Aer Lingus told a press conference that Malaysia Airlines is “technically bankrupt” but can remerge as Southeast Asia’s leading airline.
It is being kept alive by an injection of funds from a Malaysian government sovereign wealth fund after double disasters in 2014 dealt a fatal blow to its already struggling business. The Malaysian parliament passed a law allowing the airline to be restructured under Chapter 11-style bankruptcy protection.
The airline had a good safety and service record before last year’s disasters but the tragedies, and the airline’s handling of the first one in particular, hurt its brand…
Canadian dollar falls ahead of open at Toronto Stock Exchange
– canadianbusiness.com
TORONTO – The Canadian dollar was down about one-quarter of a U.S. cent ahead of trading on North American stock markets, which appeared headed for a positive open.
The loonie traded at 80.13 cents US, down 0.28 of a U.S. cent from Friday’s close.
The Dow Jones industrial futures were up 90 points at 18,099.0, the Nasdaq futures rose 25 points to 4,536.0, and the S&P 500 futures advanced 8.7 points to 2,114.7.
On the commodity markets, the July crude contract was down 62 cents at US$59.68 a barrel and the August gold contract fell $2.70 to US$1,187.10 an ounce.
The S&P/TSX composite index closed Friday at 15,014.09, after falling 92.91 points in the last trading day of May.
The post Canadian dollar falls ahead of open at Toronto Stock Exchange appeared first on Canadian Business – Your Source For Business News.
The loonie traded at 80.13 cents US, down 0.28 of a U.S. cent from Friday’s close.
The Dow Jones industrial futures were up 90 points at 18,099.0, the Nasdaq futures rose 25 points to 4,536.0, and the S&P 500 futures advanced 8.7 points to 2,114.7.
On the commodity markets, the July crude contract was down 62 cents at US$59.68 a barrel and the August gold contract fell $2.70 to US$1,187.10 an ounce.
The S&P/TSX composite index closed Friday at 15,014.09, after falling 92.91 points in the last trading day of May.
The post Canadian dollar falls ahead of open at Toronto Stock Exchange appeared first on Canadian Business – Your Source For Business News.
