Air Canada rouge Service Expands to More Holiday Destinations with 2013-2014 Winter Schedule

MONTREAL, JUNE 25, 2013 — Air Canada rouge fleet will grow to serve Mexico, Florida, Las Vegas and more of the Caribbean

“We are delighted with the response to Air Canada rouge’s inaugural summer season as it prepares for take-off July 1st,” said Calin Rovinescu, President and Chief Executive Officer, in Toronto for a pre-inaugural event with employees and media.
Please click here for full story.

Hutchison to Buy Telefonica Irish Unit for $1.1 Billion

Billionaire Li Ka-shing’s Hutchison Whampoa Ltd. (13) agreed to buy Telefonica SA (TEF)’s Irish unit for as much as 850 million euros ($1.1 billion), a year after failing to take over Ireland’s former phone monopoly Eircom Group.

Please click here to read full story.

Sun Life to Take Pension Risk From Canadian Wheat Board

Sun Life Financial Inc. (SLF)Canada’s third-largest insurer, signed a C$150 million ($147 million) deal with the Canadian Wheat Board to take on the risk of funding its pension plan.

Sun Life will assume risk of inflation-linked pensions of the board’s members, the Toronto-based insurer said today in a statement. It’s the largest single-day purchase of inflation-linked annuities in Canada, Sun Life said.


To read full story, click here.

BlackBerry ‘phablet’ rumour steals the show at conference

The rumours of a smaller tablet, or “phablet,” piqued the interest of developers and technology insiders at BlackBerry Live, a three-day conference that wrapped up today.  BlackBerry executives delivered a lengthy list of new announcements this week at the smartphone maker’s annual conference, but the buzz has already shifted to what the company may be still hiding up its sleeve, including the possibility of a small tablet device.

For full story, click here.

Sports Helps Develop Women Leaders, Ernst & Young Says

Playing sports can help boost leadership skills for female executives, according to accounting firm Ernst & Young.

A survey published today by the company said 55 percent of women in senior management and executive roles in the U.S. participated in sports at a university level, compared to 39 percent of other female managers. Almost three-quarters of the women surveyed said women who have competed in sports work more effectively in teams compared to those who haven’t.

For full story, click here.

Canada’s Manulife Plans to Accelerate Growth in Indonesia

Manulife Financial Corp. (MFC), Canada’s largest insurer, will seek to benefit from Indonesia’s economic growth by adding staff and branches and teaming up with local banks, an executive said.

Manulife plans to have its 11 Asian units contribute 40 percent, or C$1.6 billion ($1.57 billion), of its core profit goal of C$4 billion in 2016, said Chris Bendl, chief executive officer of Manulife Indonesia.


For full story, please click here.