Here are the CP Business Department's plans for today and the top business stories so far. All times Eastern unless otherwise stated. All ETAs and wordcounts approximate. Entries are subject to change as news develops.
If you have any questions, please contact Kate Hopwood at 416-507-2151 or kate.hopwood@thecanadianpress.com. You can always reach the desk at business@thecanadianpress.com or 416-507-2138.
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COVERING:
We have a recast writethru moving shortly for Christopher Reynolds' story on further reductions in airline flight schedules.
Coming later is a story on a new cybersecurity report that reveals one in three Canadian companies who paid ransomware threats engaged a negotiator for the process.
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TOP STORIES:
Airlines cancel more flights amid glimmers of hope
Flight-Cancellations
Canada's two main airlines continue to slash their schedules and demand that Ottawa roll back COVID-19 travel restrictions to staunch the cash bleed — though experts see glimmers of hope on the horizon. By Christopher Reynolds. Words: 562
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Cummins to buy Westport's stake in joint venture
Westport-Cummins
Vancouver, British Columbia, Canada -- Cummins Inc. has signed a deal with Westport Fuel Systems Inc. to buy Westport's stake in a joint venture the companies shared and become the sole owner of the business. Words: 143
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Frontier Airlines buying Spirit in $3B low-cost carrier deal
US-Frontier-Spirit
Frontier is buying Spirit Airlines in a $2.9 billion cash-and-stock deal that will create the nation's fifth largest carrier. By Michelle Chapman. Words: 357, Photos: 1
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S&P/TSX composite down in late-morning trading
Dollar-Markets
Toronto, Ontario, Canada -- Canada's main stock index was down in late-morning trading amid losses in the energy, technology and industrial sectors as U.S. stock markets edged higher. Words: 151, Photos: 1
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CP BUSINESS
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