Air Canada CEO to Quit After Furor About Plane Crash Video Air Canada Chief Executive Officer Michael Rousseau announced he’s leaving after creating a public relations fiasco with an English-language video about the deadly runway collision at LaGuardia Airpor...

Air Canada CEO Michael Rousseau announced he’s leaving after creating a public relations fiasco with an English-language video about the deadly runway collision at LaGuardia Airport in New York.

Rousseau, 68, was paid C$13.1 million last year.

www.bloomberg.com/news/article...

Quebec Pension Fund Condemns Air Canada CEO's Video, Joining Carney

"There is no doubt that the video should have been in both official languages," La Caisse said in an emailed statement to Bloomberg News.

www.bloomberg.com/news/article...

Desjardins Scouts for Hires and Deals to Expand Wealth, Capital Markets Quebec’s Desjardins Group wants to expand further in the rest of Canada, its top executive said, an ambition that means it needs to make deals and add staff in wealth management and capital markets.

Quebec’s Desjardins Group wants to expand further in the rest of Canada, its top executive said, an ambition that means it needs to make deals and add staff in wealth management and capital markets.

www.bloomberg.com/news/article...

US Transport Secretary reacts to @mathieudion.bsky.social's story on the Gulfstream approvals: "This is the Art of the Deal in real time"

Canada Greenlights All Gulfstream Jets After Trump Threats

Several Canadian provinces pulled US wine and spirits from stores after President Donald Trump started a trade war, costing American booze-makers millions of dollars in sales, with almost three-quarters of Canadians still supporting the initiative.

www.bloomberg.com/news/article...

UK Startup Awendio Plans $725 Million Solar-Cell Plant in Quebec British startup Awendio Solaris is drafting plans to invest as much as C$1 billion ($725 million) into a solar technologies factory in Canada, though it still needs to secure power supply and financin...

British startup Awendio Solaris is drafting plans to invest as much as C$1 billion into a solar technologies factory in Canada, though it still needs to secure power supply and financing.

www.bloomberg.com/news/article...

Fairstone Bank to Acquire Laurentian Bank in $1.4 Billion Deal Laurentian Bank of Canada reached an agreement to sell itself to Fairstone Bank for C$1.9 billion ($1.4 billion) and will hive off its retail banking unit to focus on commercial lending.

Full story: www.bloomberg.com/news/article...

(Bloomberg) -- Laurentian Bank reached a deal to sell its itself to Fairstone Bank for C$1.9 billion, part of a strategy to refocus the Canadian bank on its commercial-lending operations.

National Bank of Canada will acquire all retail and small-business assets and liabilities.

Billionaire Peladeau Takes Another Run at Canadian Airline Transat Quebec billionaire Pierre Karl Péladeau is pushing for partial control of the board of vacation provider Transat AT Inc., saying the company needs major changes to turn around its share price and fix ...

La Caisse will be meeting with Pierre Karl Peladeau and his team “so that they can take us through the details of their plan,” it said in an emailed statement.

Peladeau is pushing for partial control of the board of the airline and vacation provider Transat AT.

www.bloomberg.com/news/article...

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Canada Aluminum Hub Diverts Exports to Europe as US Tariffs Bite Aluminum producers in Quebec are sending more of the metal used to make cans and car parts to Europe as US tariffs make their shipments more expensive for American customers.

Aluminum producers in Quebec are sending more of the metal to Europe as US tariffs make shipments more expensive.

The US market accounted for 78% of aluminum exports in Q2 versus 95% in Q1, while Europe’s share rose to 18% from 0.2%.

www.bloomberg.com/news/article...

WestJet Makes Huge Boeing Order, Citing Canada and US Benefits WestJet, Canada’s second-largest airline, will purchase 67 Boeing Co. aircraft with an option for more, placing its biggest-ever order in a push for future growth even as trade tensions with the US pe...

WestJet will purchase 67 Boeing aircraft, placing its biggest-ever order in a push for future growth.

The airline touted the “future economic benefits on both sides of the border,” as Canada and the US are currently negotiating a trade accord.

www.bloomberg.com/news/article...

DP World Vies for Deal to Run Montreal Port Championed by Carney Dubai-based logistics company DP World Ltd. is negotiating for a contract to operate a new container terminal that will increase the Montreal Port Authority’s capacity by more than 50%.

Dubai-based logistics company DP World is negotiating for a contract to operate a new container terminal that will increase the Montreal Port Authority’s capacity by more than 50%.

www.bloomberg.com/news/article...

Air Canada proposed its flight attendant to increase total compensation, including benefits and bonuses, by about 20% in the first year of a contract and a total of 32.5% over four years.

www.bloomberg.com/news/article...

Couche-Tard Couldn’t Outlast Seven & i as Its Own Headwinds Grew Alimentation Couche-Tard Inc. ended its pursuit of Japan’s Seven & i Holdings Co., with the Canadian retailer’s ambitions giving way to mounting pressures in its own business.

Couche-Tard’s pursuit of Seven & i has come to an end. Now what?

Shares of Couche-Tard soared as much as 18.5% in early trading Thursday, the most since 2002, before paring those gains. They were up 8% to C$74.48 as of 11:34 a.m. in Toronto.

www.bloomberg.com/news/article...

Costs related to tariffs soared for Rio Tinto and Alcoa’s Canadian aluminum exports to the US in the first half of the year.

Rio Tinto: US$300 million

Alcoa: US$135 million

www.bloomberg.com/news/article...

Canada Weighs Limiting Lumber Exports to Solve US Trade Dispute, BC Premier Says Canadian officials are open to considering limits on how much softwood lumber can be exported to the US to try to resolve some of the trade friction between the countries, according to the leader of B...

Le Québec accepterait-il des quotas sur le bois d'oeuvre exporté aux États-Unis?

Canadian officials are open to considering limits on softwood lumber exports to the US to resolve trade friction, according to BC Premier David Eby, reports @twseal.bsky.social.

www.bloomberg.com/news/article...

Billionaire Peladeau Still Wants to Take Over Travel Company Transat Quebec billionaire Pierre Karl Peladeau says he’s not giving up his long pursuit of Transat AT Inc., arguing the travel company’s latest balance-sheet maneuvers still leave it with too much debt.

Quebec billionaire Pierre Karl Peladeau says he’s not giving up his long pursuit of Air Transat's parent company, arguing the travel company’s latest balance-sheet maneuvers still leave it with too much debt.

“It’s not over until it’s over.”

www.bloomberg.com/news/article...

*TRUMP SET TO KEEP TARIFF EXEMPTION FOR USMCA GOODS: US OFFICIAL

*TRUMP TO IMPOSE 35% TARIFF ON GOODS FROM CANADA

Rio Tinto-Backed Aluminum Firm to Invest $1.1 Billion in Canada Project Aluminerie Alouette, an aluminum maker that’s partially owned by Rio Tinto Plc, is planning to commit as much as C$1.5 billion ($1.1 billion) to modernizing its facilities in northern Quebec, accordin...

Aluminerie Alouette, an aluminum maker that’s partially owned by Rio Tinto, is planning to commit as much as C$1.5 billion in Quebec, despite the ongoing trade war with the US.

Scoop from earlier this week:
www.bloomberg.com/news/article...

Canada’s Finance Minister Sees Path to Avoid Baseline US Tariff Canada’s finance minister said the country can negotiate a better trade deal with the Trump administration than other nations have received, pushing back on the idea that it may have to settle for a n...

I sat down with Canada's finance minister Francois-Philippe Champagne. We talked about trade and the budget.

He said the country can negotiate a better trade deal than other nations, pushing back on the idea that it may have to settle for a new baseline tariff.

www.bloomberg.com/news/article...

Carney Gives Trump a Small Trade Victory in Hunt for Larger Deal Canadian Prime Minister Mark Carney handed US President Donald Trump a win in the hope of making bigger gains in trade negotiations.

Getting rid of the worst effects of tariffs is the real aim, said Jean Charest, who’s now a member of the council on Canada-US relations. “It’s doable, and there may be headline tariffs that are not applicable because there are quotas,” he said.

www.bloomberg.com/news/article...

U.S. wine export markets have contracted substantially. In April, the year-over-year export value dropped by 41.4%, worsening the 28% decline recorded in March. The three main export destinations for U.S. wine—Canada (-93%), the UK (-29%), and China (-70%)—all reported significant decreases.

Why There’s a Billion-Dollar Battle to Own 7-Eleven YouTube video by Bloomberg Originals

Why Couche-Tard is willing to pay as much as US$50 billion to own 7-Eleven?

Great video produced by Bloomberg Originals!

www.youtube.com/watch?v=dANV...

Canadian Aluminum Trader Blames Its Bankruptcy on Trade War A Canadian aluminum trader that had been struggling to restructure its debt has filed bankruptcy in the US and Canada, saying the American trade war helped push the company over the edge.

Montreal's aluminum trader Sinobec filed for creditor protection.

It had been struggling to restructure, then the American trade war helped push the company over the edge.

www.bloomberg.com/news/article...