Canada News

  • Bombardier Inc CEO Pierre Beaudoin

    Bombardier Inc., struggling with the development of its centerpiece CSeries jetliner, will slash about 1,800 jobs from its aerospace business and split the unit into three in a move to cut costs and improve operations.

  • Potash Corp. of Saskatchewan Inc., the world’s largest fertilizer producer by market value, raised its full-year earnings forecast and said Chinese demand for its namesake crop nutrient will be more than previously expected.

  • Rogers Communications Inc., Canada’s largest wireless carrier by subscribers, met analysts’ profit and sales estimates as the company initiated a turnaround plan to try to return to growth.

  • West Texas Intermediate crude declined with losses in gasoline as U.S. inventories of the fuel expanded for a third week, threatening to depress refining margins. Brent also fell.

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