MONTREAL – Airbus and Bombardier plan to remain strategic partners on the C Series program even after the European aerospace giant is able to buy out its minority partners, the chief executives of both companies said Friday.
According to terms of the deal announced Monday, Airbus has the option to buy out Bombardier (TSX:BBD.B) in about seven years, and the Quebec government in 2023.
WINNIPEG – Plans are underway to supply Churchill, Man., with an ice road as the rail link that normally provides a lifeline to the community remains out of commission.
Mark Kohaykewych, president of Polar Industries, said Friday the company has partnered with the Fox Lake Cree Nation and Churchill-based Remote Area Services to carve out an ice road along the 300 kilometres of wilderness between the end of the working rail line at Gillam, Man., and Churchill.
By Armina Ligaya and Maija Kappler, The Canadian Press
TORONTO – Sears Canada began its liquidation sales at its remaining stores across the country Thursday, but many shoppers found the deals to be underwhelming.
While signs suggested discounts of 20 to 50 per cent off — with a note that exceptions apply — relatively few items at a Toronto store appeared to be offered at half off. Some big ticket items such as snowblowers and treadmills were only 10 per cent off.