Transportation, Retail and Markets Correspondent, Canada
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Oct 22, 2013

CN Railway results get boost from energy, market share gains

TORONTO, Oct 22 (Reuters) – Canadian National Railway Co
, the focus of fresh scrutiny after one of its trains
derailed and caught fire last weekend, reported a bigger
third-quarter profit and record revenue on Tuesday, as it
announced a two-for-one stock split and share buyback plan.

The country’s largest rail operator, which also maintained
its 2013 profit forecast, said revenue was lifted by higher
freight volumes due to strong energy markets, market share gains
and a North American economic recovery.

Oct 19, 2013

Train carrying oil, liquid petroleum gas derails in Alberta

CALGARY (Reuters) – A train carrying crude oil and liquefied petroleum gas derailed west of Edmonton, Alberta, on Saturday, causing an explosion and fire but no injuries, Canadian National Railway said on Saturday.

One rail car carrying liquefied petroleum gas on the westbound train exploded and three others also caught fire. Emergency crews battled the flames and worked to prevent the burning cars from triggering more explosions, a municipal authority spokesman said.

Oct 18, 2013

Chinese leasing firm may buy 30 Bombardier CSeries jets

By Solarina Ho

(Reuters) – Bombardier Inc’s (BBDb.TO: Quote, Profile, Research, Stock Buzz) on Friday named Chinese leasing firm, CDB Leasing Co Ltd as the buyer of up to conditionally 30 of its all-new CSeries jetliner.

Bombardier said CDB had put in a conditional order for five CS100 and 10 of the larger CS300 in July 2012, although at the time it did not identify the buyer. CDB optioned another five CS100 and 10 CS300 planes, Bombardier said on Friday.

Oct 10, 2013

Ontario abandons plan for new nuclear plants

TORONTO, Oct 10 (Reuters) – The Ontario government is
dropping plans to build two new nuclear plants and will focus on
refurbishing its aging facilities instead, the Canadian
province’s energy minister said on Thursday.

Energy Minister Bob Chiarelli said new nuclear stations will
not be part of Ontario’s formal review of its long-term energy
plan, which will be finalized before the end of the year.

Oct 9, 2013

Bangladesh factory hit by deadly fire made Hudson’s Bay clothing

TORONTO (Reuters) – The Bangladesh garment factory hit by a fire that killed at least nine people and injured some 50 more on Tuesday had manufactured clothing for western retailers including Hudson’s Bay Co, the department store operator confirmed.

The fire originated in the knitting section of an Aswad Composite Mills factory.

Oct 9, 2013

Jean Coutu misses estimates; generic drugs take bite

Oct 9 (Reuters) – Canadian pharmacy chain Jean Coutu Group
Inc reported a lower-than-expected quarterly profit on
Wednesday, hurt by ongoing regulations that have capped the
prices companies can charge for generic drugs.

The results sent shares down as much as 6 percent, though
the shares pared some of the losses by afternoon.

Oct 8, 2013

Analysis: Lululemon’s next challenge: overseas growth

TORONTO (Reuters) – In a narrow, bustling street in Hong Kong’s trendy Soho district, a small Lululemon Athletica Inc (LULU.O: Quote, Profile, Research, Stock Buzz) test boutique is helping to lay the groundwork for what the premium yogawear maker sees as a promising avenue for growth.

The Canadian retailer is casting an eye on international markets even as it grapples with the demands of finding a new chief executive, mending a tarnished image after an embarrassing recall of overly sheer pants and pursuing expansion in the United States.

Oct 1, 2013

Ford leads record Canadian auto sales; GM sales slide

TORONTO, Oct 1 (Reuters) – Automakers sold a record number
of cars in Canada last month and pushed total vehicle sales
year-to-date to a new record, according to industry data
released on Tuesday, with Ford Motor Co’s Canadian unit
outselling all its competitors.

September auto sales beat the previous record by a sizable
margin, climbing 4.2 percent to 149,092, even as several major
automakers underperformed the industry. Total sales so far this
year climbed 3.5 percent to 1,350,756, also a record.

Sep 30, 2013

Lavalin looks to sell equity stake in AltaLink

TORONTO, Sept 30 (Reuters) – SNC-Lavalin Group
wants to sell an equity stake in AltaLink, Alberta’s largest
regulated electricity transmission company, the Canadian
engineering and construction company said on Monday.

AltaLink, which owns more than half of Alberta’s
transmission grid, operates and maintains about 12,000
kilometers of transmission lines and 280 substations, serving 85
percent of the province’s population. It is wholly owned by SNC.

Sep 26, 2013

Bombardier and Lion Air in talks on possible CSeries deal

By Solarina Ho and Tim Hepher

(Reuters) – Canada’s Bombardier Inc (BBDb.TO: Quote, Profile, Research, Stock Buzz) and Indonesia’s Lion Air confirmed on Thursday the two companies are in talks over a possible deal for the planemaker’s new CSeries jets.

Lion Air’s chief executive and co-founder, Rusdi Kirana, said the airline was interested in buying the larger version of the narrow-body CS100 jet, which staged its maiden flight last week. Bombardier is aiming to break into a market dominated by Airbus (EAD.PA: Quote, Profile, Research, Stock Buzz) and Boeing Co (BA.N: Quote, Profile, Research, Stock Buzz).

    • About Solarina

      "I am a Canadian transportation, retail and markets correspondent. I occasionally moonlight in entertainment and lifestyle news. I was formerly a homepage editor for Reuters.com, and an online news editor for Reuters.com, .co.uk and .ca. Life before Reuters included working in China and freelancing in California."
      Joined Reuters:
      2003
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