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, or Jody White at jody.white@thecanadianpress.com. You can always reach the desk at business@thecanadianpress.com or 416-507-2138.
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COVERING:
We're looking into reports that several B.C. Uber drivers were fired for refusing unsafe work.
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TOP STORIES:
IMF board confident about leader despite data-rigging claims
US-IMF-Probe
The International Monetary Fund has expressed “full confidence” in its managing director. The statement came in response to allegations that while Kristalina Georgieva was a World Bank official, she and others pressured staffers to change business rankings in an effort to placate China.
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World shares fall as pricier energy feeds inflation fears
Financial-Markets
Shares have fallen in Europe and Asia as surging prices of oil, coal and other energy fanned fears over inflation. Benchmarks declined in Paris, Frankfurt, Tokyo, Hong Kong and Shanghai. Oil prices extended gains, having closed above $80 per barrel on Monday.
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Southwest cancels hundreds more flights; passengers stranded
Southwest-Airlines-Cancelled-Flights
Southwest Airlines has canceled hundreds more flights following a weekend of major service disruptions that it blamed on bad weather and air traffic control issues. The pilots union accused the company of a botched response to what it said would have been a minor challenge for other airlines.
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CALENDAR:
Cineplex Inc. v. Cineworld Group PLC and 1232743 B.C. Ltd case continues at Ontario Superior Court of Justice
CP BUSINESS
The Canadian Press
