Posthaste March 15: Bank of Canada warns on debt, Air Canada suspends forecast and Huawei founder speaks

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And Elon Musk unwraps Tesla’s new Model Y — 230-mile range with up to 7 seats for $39,000

Bank of Canada deputy Carolyn Wilkins raises a red flag about global debt that she says is slowing growth and putting the world’s financial system at risk. That debt by the way now amounts to US$240 trillion, US$100 trillion higher than just before the financial crisis. Air Canada said this morning it is suspending its financial forecasts, two days after regulators grounded its 24 Boeing 737 MAX jets.

Imperial Oil says it is slowing pace of development of Aspen oilsands project because of market uncertainty from Alberta government interventionTesla unveils Model Y as electric vehicle race heats up, price starts at $39,000 ‘I intend to see my vision through’: Knight CEO vows to remain with company as battle with shareholder deepensCanada and Huawei both victims in fallout of Meng Wanzhou’s arrest, says company’s founderWSP Global reports bigger profits, backlog as it aspires to engineering pantheonIEA sees oil market flipping into deficit in second quarterU.S.

Source: Loan Digest (loandigest.net)

 

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