Global Markets: Air Canada gets Chinese partner

By Dave Sims, Commodity News Service Canada

WINNIPEG, June 6 (CNS) – Air Canada is expanding its
presence in China. The company is formally entering into a
partnership with Air China. Air Canada said the move would help
the two airlines better coordinate connecting flights in the two
countries. The venture is expected to be phased in by the end of
Stock markets in Japan, Taiwan and China rose Wednesday
morning ahead of a meeting of the Group of Seven. On Friday,
leaders from the world’s leading industrialized nations will sit
down to discuss various issues, including the United States’
decision to slap tariffs on foreign imports of steel, aluminum
and other goods.
Canadian National Railway will pour C$340 million into an
expansion of its railines in British Columbia. The company said
the move is being made to enlarge the overall network in the
province. Over 1,000 new conductors will be needed in B.C. to
staff the expansion.

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