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SAS CEO Is Likely Air Canada Boss After Crash Video Debacle

SAS AB Chief Executive Officer Anko van der Werff is emerging as a frontrunner to lead Air Canada, according to people familiar with the matter, succeeding Michael Rousseau, who said in March he’d leave after a public outcry over his omission to speak French in a corporate video.

Anko van der Werff Photographer: Erika Gerdemark/Bloomberg
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Magna Founder Stronach Found Guilty of Sexual Assault, CBC Says

The founder of Canadian automotive parts firm Magna International Inc. was found guilty of one count of sexual assault and one count of indecent assault in a Toronto courtroom Friday, the Canadian Broadcasting Corp. reported.

Frank Stronach, chairman of Magna, speaks to the media following a meeting at the German Federal Chancellery in Berlin, Germany, on Thursday, May 28, 2009. General Motors Corp., the world's largest automaker for 77 years, will file for bankruptcy today, and emerge with majority ownership by taxpayers and liabilities reduced by more than 50 percent, the U.S. government said. Photographer: JOCHEN ECKEL
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Montreal Firms Pitch $177 Million Tower to Lure NATO-Linked Bank

Canada’s largest cities are competing to host the future headquarters of a specialized bank for defense lending, and developers in Montreal are trying to boost that region’s bid with a proposed C$250 million ($177 million) building to house it.

A rendering of a proposed 38-floor tower to accommodate the future headquarters of the Defence, Security and Resilience Bank in Montreal.
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Montreal Firms Pitch $177 Million Tower to Lure NATO-Linked Bank

Canada’s largest cities are competing to host the future headquarters of a specialized bank for defense lending, and developers in Montreal are trying to boost that region’s bid with a proposed C$250 million ($177 million) building to house it.

A rendering of a proposed 38-floor tower to accommodate the future headquarters of the Defence, Security and Resilience Bank in Montreal.
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T-Shirt Maker Gildan Plunges on Short Seller’s Revenue Claim

Shares of Gildan Activewear Inc. tumbled the most in more than six years after short seller Jehoshaphat Research published a negative report accusing the company of inflating revenue.

Gildan apparel at a store in Montreal, Quebec, Canada, on Friday, Dec. 15, 2023. Two investment firms that are among the largest shareholders of clothing manufacturer Gildan Activewear Inc. are taking aim at the board for its decision to oust Chief Executive Officer Glenn Chamandy - a move that puts the company at risk, they say.
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