Page 3 - Peter Letko News Today

The bid for Teck Resources Ltd. is the first major move by Glencore CEO Gary Nagle, but was dreamed up his predecessor and mentor. Read on.

Air Canada's (TSX:AC) recent deal to acquire Air Transat (TSX:ATZ) has become an intriguing turn of events of late.

SHARE Air Canada shares fell sharply on Tuesday on fears that its market value would be diluted after the Canadian government took a discounted equity stake in the flagship carrier as part of a deal for C$5.9 billion ($4.7 billion) in aid. But analysts and investors said Air Canadas decision to accept the bigger-than-expected aid package, which was announced on Monday, was the right decision for Canadas largest carrier to ride out the crippling downturn in air travel caused by the coronavirus p...

Stocks fluctuate near record before Fed minutes The Daily Chase: Alberta, Ontario toughen COVID rules; 1 in 5 hoping for home-price crash Paul Harris Top Picks: April 6, 2021 With US$1 trillion of distress gone, debt pickers find scraps The Robinhood generation is debating old school investors on trading stocks Stocks decline in slowest trading day of this year Larry Berman: S&P 500 earnings expectations rise into sell-in-May rally Brian Maddens Top Picks: April 5, 2021 Goldman axes short dolla...

Quebec business leader Pierre Karl Péladeau is calling on Ottawa to block the sale of beleaguered Air Transat

Employees at both companies have been asked to fill out a form to update their resumes in advance of expected layoffs, according to company sources. Combining the companies is expected to create annual savings of $1.2 billion, according to company executives, including about $400 million from "workforce optimization," along with savings from IT and procurement. Cenovus initially hesitant "This is a time when theres been a lot of pressure on prices in the industry," said Peter Letko of Montrea...