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Ticket announcement at Flair Airlines – Business News




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The association, representing 139 aircraft at Flair Airlines, sent a 72-hour notice announcing a strike related to fears of payment.

Workers negotiate their first contract with wages, pensions and planning on the table. If negotiations are not resolved, the strike could start early next week.

"There is no impact on passenger safety," said Gary Yee, Canadian Union of Local Employees of Local Representative 4060. "There will likely be a slow down and downsizing on board, your ability to buy drinks and similar things will be limited."

The association provides a two-tier pay structure for existing employees and new employees as a major obstacle.

"Flair is transparently involved in a division and mining strategy that is geared to getting a wedge between workers to compete with other low-cost carriers. It is totally unfair to pay one group of aircraft 30% less for doing the same job as other aircraft ships, "says Yee.

In their statement, Flair says they have been forced to reduce the initial wage to their competitors.

"Historically, our team of planes paid 30 percent more initial salary than our competitors," said Flair spokesperson Iris Dias. "We can not continue to pay this kind of premium and ask all new aircraft carriers for the same wage as our competitors."

Flair says that after a 72-hour strike announcement, it was said that "many" were telling leadership that they would continue to work despite all the work that the Union called.

"The support we have received suggests that all flights will operate normally on Monday, but we recommend passengers check their flight status on our website," Dias said.

Flair offers service to several Canadian and international destinations from Kelowna International Airport. The Union will be on field strike on December 10th.

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7 December 2018 / 13:02 | Story:
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Aurora Cannabis says it will supply medical hemp to Mexico through a partnership with a pharmaceutical manufacturer and distributor of Farmacias Magistrales.

Farmacias has recently gained a green light for cannabis imports, which Aurora says is the first and only import license granted by federal Mexican authorities.

Aurora Executive Director Terry Booth says exclusive partnerships extend the benefits of Latin America to the early age of a cannabis grower.

The Edmonton Food Industry says that Farmacias has about 80,000 retail outlets and 500 pharmacies and hospitals all over Mexico.

He adds that Farmacias also obtained licenses from the federal Mexican Health Risk Commission for the manufacture and distribution of CBD and THC products.

Aurora's stock rose by as much as 10 percent when it reached $ 7.82 in Toronto.


7 December 2018/9: 01 | Story:
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A pair of nuclear oil companies in Calgary cuts shareholder payouts and cuts production due to current sharp reductions in Western Canadian oil prices.

Both Cardinal Energy Ltd. and Granite Oil Corp. say they can not afford to wait and see whether the production cuts introduced by the Alberta government from January 1 will work to pump off oil, and that will allow a price retreat.

Cardinal shares fell by more than six percent in early trading on the Toronto stock exchange after they announced they would temporarily cut their monthly dividend from 3.5 cents to a penny per share due to "awkwardly low prices" in the fourth quarter.

Granite inventories fell 4.7% after they announced they would suspend their monthly dividend of 2.3 cents per share.

The cardinal said he had decided to reduce record production of 22,000 barrels of oil equivalent per day by 15% (approximately 3,300 boe / d) in order to avoid net losses due to low prices.

Railways also claims to have stopped production of roughly 200 boe / d after having recorded almost less than 2,000 boe / d in the third quarter.

"Our lack of leadership of the provincial and federal governments and the inability to act in acquiring new export pipelines is not only of Alberta, but also of all Canadians of significant revenue and future investment in our country," the cardinal said in a report.

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7 December 2018 / 6:51 | Story:
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UPDATE 6:50 am

An explosion of 94,100 new jobs last month caused the country's unemployment rate to fall to 5.6% – the lowest level since statistics Canada began measuring comparable data more than 40 years ago.

The total workforce is the largest monthly increase since March 2012, when it rose by 94,000 jobs, Canada's Friday statistics said.

The increase in the number of employees in November was supported by the addition of 89,900 full-time jobs. In the area of ​​employment, the private sector employs 78,600 jobs in November, while the public sector has gained 8,300 jobs.

The unemployment rate in the past month shifted the unemployment rate from October's development by 5.8 percent, a previous low mark since comparable data was first available in 1976. The old statistical approach – before 1976 – recorded an unemployment rate of 5.4 percent in 1974.

The Friday report, however, included disappointment.

The annual average hourly wage growth for permanent workers continued to fall to 1.46 percent in November – from the beginning of 2017, it reached the weakest reading.

Experts expect wage growth to grow due to the tightened labor market, but declines by 3.9% each month since its peak in May. Now it is under inflation.


UPDATE 5:50 am

In November, the unemployment rate in the country reached 5.6%. Statistics Canada has also released seasonally adjusted, three-month moving average unemployment rates for major cities. However, it warns that data may vary considerably because it is based on small statistical samples. Here are the unemployment rates last month by city (figures in the previous month in brackets):

– Kelowna, B.C. 3.9 (5.0)

– St. John & apos; s, N.L. 8.1 percent (9.0)

– Halifax 6.2 (6.6)

– Moncton, N.B. 5.2 (5.8)

– Saint John, N.B. 5.7 (6.0)

– Saguenay, Que. 5.4 (5.7)

– Quebec 3,8 (3,9)

– Sherbrooke, Que. 5.4 (4.8)

– Trois-Rivières, Que. 5.3 (4.9)

– Montreal 5.9 (5.9)

– Gatineau, Que. 4.6 (4.4)

– Ottawa 4.6 (4.7)

– Kingston, Ont. 5.5 (5.4)

– Peterborough, Ont. 5.2 (6.2)

– Oshawa, Ont. 5.7 (5.8)

– Toronto 6.2 (6.3)

– Hamilton, Ont. 4.7 (5.0)

– St. Catharines-Niagara, Ont. 7.0 (7.3)

– Kitchener-Cambridge-Waterloo, Ont. 5.1 (5.2)

– Brantford, Ont. 7.0 (6.2)

– Guelph, Ont. 3.0 (3.3)

– London, Ont. 4.8 (4.9)

– Windsor, Ont. 6.0 (6.9)

– Barrie, Ont. 5.0 (5.2)

– Sudbury, Ont. 6.3 (6.0)

– Thunder Bay, Ont. 5.1 (5.3)

– Winnipeg 5.9 (6.1)

– Regina 6.4 (6.8)

– Saskatoon 6.1 (6.9)

– Calgary 7.9 (8.2)

– Edmonton 6.2 (6.3)

– Abbotsford, B.C. 4,6 (4,7)

– Vancouver 4.1 (4.3)

– Victoria 3,8 (3,9)


ORIGINAL 5:40 am

In November, Canada added 94,100 jobs, much more than economists expected. The national unemployment rate fell to 5.6 percent, the lowest of statistics, Canada began collecting comparable data in 1976.

More coming


7 December 2018 / 5:15 | Story:
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Canadian Cannabis Producer Cronos Group says it will receive a $ 2.4 billion capital injection from Altria Group, one of the largest tobacco companies in the world.

Cigarette manufacturer Marlboro would have a 45% stake in Cronos under the initial investment.

Altria can also invest up to $ 1.4 billion to increase its Cronos ownership stake to 55%.

Cronos had previously confirmed that they were talking to Altria, which joins Molson Coors, Constellation Brands and other established companies that make moves in cannabis.

Cronos President and CEO Mike Gorenstein says the deal with Altria will provide Toronto-based companies with resources to accelerate expansion and increase R & D investment.


6 December 2018 / 14:00 | Story:
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Lululemon Athletica Inc. claims to have reached $ 94.4 million in the third quarter, an increase of $ 72.3 million a year ago.

Vancouver's clothing company says its earnings per diluted share was 71 cents per share, compared with 43 cents per share in the third quarter of 2017.

According to Thomson Reuters Eikon, Lululemon beat the expectations of analysts, suggesting that the company would announce a profit of $ 92.5 million.

Lululemon says total net income rose 21 percent to $ 747.7 million and was primarily supported by the opening of 38 new stores in Asia, Europe, Canada and Australia.

The increase in net income was partly offset by a $ 9.3 million drop due to the exchange rate and the closing of 48 Ivivva trades.

Meanwhile, the company spent $ 476.9 million on e-commerce, compared to $ 425.1 million a year ago.


6 December 2018 / 10:15 hrs | Story:
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Canadian National Railways is seeking a stake in the largest container terminal in eastern Canada.

The Montreal-based company has confirmed that it has become a partner to bid for Halter, an 30-hectare plot in Halifax, but refuses to provide details.

Halifax is Canada's fourth busiest channel in terms of container transportation, Vancouver, Montreal, and Prince Rupert in northwest British Columbia.

CN Rail is an isolated rail operator in Halifax.

Halterm's container terminal was purchased by Macquarie Infrastructure Partners in New York in January 2007 for $ 172.7 million.

Industrial analyst Walter Spracklin of RBC Capital Markets claims that buying a minority share, although not large for the CN, would be strategically positive for the largest Canadian railways.


6 December 2018 / 10:07 h | Story:
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Decreasing oil prices dropped in October as the trade deficit in Canada rose to about $ 1.2 billion in October from $ 891 million in September.

Economists expected a deficit of $ 700 million, according to Thomson Reuters Eikon.

"The surprise disappointment in the trade deficit in October has added weakness since the previous month, but the details reveal that the momentum under the surface is somewhat stronger," said CIBC economist Katherine Judge.

In terms of volume, exports increased by 1.2%, as lower energy prices led to a fall of 2.3% in total export prices. Real imports were, in principle, unchanged.

The judge noted that the increase in export volumes was a positive indicator for production deliveries and monthly GDP.

"After the disastrous end of the third quarter in terms of growth, as well as the sudden wind in other parts of the economy, including energy, this report is a step in the right direction," the judge wrote. "Bank of Canada, however, will need more consistently positive data to raise rates at its January meeting."

The Bank of Canada has kept its key interest rate target this week amid falling oil prices and unexpected decline in corporate investment.

Many market observers interpreted the bank's comments as a girl and lowered the likelihood of raising central bank interest rates in January.

Canadian statistics said Thursday that total exports fell by 1.2 percent in October to $ 49.3 billion, despite an increase in seven of the 11 sectors.

Exports of energy products dropped 12.4% in October to $ 8.8 billion, largely due to a 15.4% drop in oil prices. Exports excluding energy products increased by 1.6 percent.

Meanwhile, exports of motor vehicles and parts grew by 4.4 percent to $ 7.8 billion.

Total imports dropped 0.6 percent in October to $ 50.5 billion, as seven out of 11 cuts were driven by motor vehicles and components and basic and industrial chemical, plastic and rubber products.

Imports of motor vehicles and parts fell by 3.5 percent in October to $ 9.1 billion, while the group of basic and industrial chemicals, plastics and rubber products fell by 4.5 percent to $ 4.0 billion.


December 6, 2018 / 7:04 | Story:
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North American stock markets plunged into early trading amid concerns that the arrest of a Chinese manufacturer of Huawei's telecommunications equipment maker could culminate in China's progress. business meeting.

The S & P / TSX composite index fell by 340.34 points to 14,842.30.

In New York, the average Dow Jones industrial index was 393.88 points at 24,663.19. The S & P 500 declined by 40.18 points to 2,569.88 while the Nasdaq composite dropped by 100.07 points to 7,058.36.

The Canadian dollar was traded at 74.57 cents US dollars, compared with an average of US $ 74.89 on Wednesday.

The January oil contract fell by $ 1.44 to $ 51.45 a barrel, and the gas supply contract fell in January by 15.7 cents to $ 4.31 / mmBTU.

The gold contract in February rose by US $ 5.10 to $ 1,247.70 per ounce, and the copper deal fell by 4.90 cents to $ 2.73 per pound in March.


6 December 2018 / 7:03 | Story:
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Eddie Lampert and his hedge fund ESL Holdings offer to buy the rest of Sears up to $ 4.6 billion in cash and stock.

Sears and ESL, according to FactSet, own nearly half of Hoffman Estates in Illinois. In October, Sears filed an 11th bankruptcy protection, which increased by years of decline in sales and massive debt.

ESL Holdings announced on Thursday that it will have around 50,000 employees in its non-binding offer of approximately 500 remaining Sears deals. The offer is subject to due diligence and ESL's ability to raise funds among others.


December 6, 2018 / 6:54 | Story:
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Dollarama Inc. claims to have reached $ 133.5 million in the last quarter, up from $ 130.1 million a year ago.

The seller says the company's earnings reached 41 cents per share in the third quarter, an increase of 38 cents per share in the same quarter last year.

Analysts, on average, expected a profit of 42 cents per share for the quarter, according to Thomson Reuters Eikon.

Sales for the quarter ended October 28 amounted to $ 864.3 million, an increase of $ 810.6 million, while comparable sales of stores increased by 3.1 percent versus growth by 4.6 percent in the same quarter a year ago.

The comparable increase in sales in stores was due to an increase in the average transaction by 4.0%, partly offset by a 0.9% drop in transactions.

Dollarama says the rate of comparable sales growth in last quarter sales reflects its decision to strategically reduce price increases in recent quarters.


6 December 2018 / 6:46 | Story:
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It's the color of the undersea cliffs that hang on to dear life. The sky at dusk. Some of the latest iPhone and latest look on the Marc Jacobs runways and other top fashion designers. Living Coral was elected by the Pantone Color Institute as its colors in 2019.

Can the color be pleasant? Laurie Pressman, vice president of the company, considers this saturated orange base with a golden undertone not only warm and pleasant, but versatile and vividly confirming. Energy is softer than than, say, pastel and neon cousins.

"With all that is happening today, we are looking for those humanizing qualities because we see online life by dehumanizing many things," Pressman The Associated Press said before each year's discovery of color. "We are looking for the colors that bring nutrition and comfort and knowledge that bring us a good feeling, it's not too hard, we want to play, we want to be uplifted."

But do we want to run this color of our grandmothers? Pressman also sees the Living Coral retro atmosphere as well as the softer version of the 2018 Ultra Violet pick is the shadow of some gray heads when hair toners turn to purple.

"It's an emotional nutrition, it's a big hug," she said of Living Coral.

How important is the color analysis when considered, the rest of the world is in the eye of the observer. Pantone is a beneficial enterprise that predicts color trends, analyzes color psychology, and advises companies on the color of product packaging and brand identity. Its products come with price tags, but almost 20 years of color year choices were a useful marketing strategy and free, free, free of charge.

Live coral is on the rise, says Pressman, at a time when fading due to climate change continues to rule out the real coral reefs of their rainbow. It's a color that looks like it works for everyone, over the gender spectrum in clothing and across segments, from art and domestic needs to home interiors and industrial design.

Color also points to a long and often painful slog for the last ten years, through fears of financial markets and political crises in environmental chaos and the rise of social media where saturation is sour, Pressman said.

"We see far more saturated colors," she said. "It's the influence of social media because people want things to be out of the question, and it's definitely the color you see in the social media."

The living coral is alive, but it's not so strong on the face, "she said," it's pretty clear and engaging. "

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