By Commodity News Service Canada
WINNIPEG, April 26, 2018 (CNS) – The following is a glance
at the news moving markets in Canada and globally.
Ford Motor Co. announced Wednesday that it will stop
making most of its North America car lineup as part of a
broad plan to save money and make the company more
competitive in a fast-changing marketplace. The changes
include getting rid of all of its cars in the regions
during the next four years except for the Mustang sports
made due to declining demand and profitability.
WestJet Airlines Ltd. pilots started voting on a
strike authorization on Wednesday, stating an agreement
with WestJet management is yet to be reached. The vote,
which was triggered after more than six months of
negotiations, will remain open for 15 days. The statutory
60-day federal conciliation period ends April 27. The
pilots are permitted to strike after a 21-day cooling-off
period that begins after that date, right before the busy
summer travel season.
Bank of Canada Governor Stephen Poloz said on
Wednesday the economy was “finally positive” after a long
adjustment to a sharp drop in oil prices, but he added
there was still softness in several areas of the country.
Poloz also told the Senate’s banking committee that while
interest rates would rise from their current low levels,
moving too quickly could create a financial stability risk.