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Bloc leader says he is shocked by millions in ‘juicy’ bonuses awarded to CBC execs

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OTTAWA – The $18.4 million CBC/Radio-Canada awarded in bonuses to its employees this year is shocking, Bloc Québécois Leader Yves-François Blanchet said.

He also said bonuses at the public broadcaster aren’t justified because a government-owned corporation doesn’t face competition like in the private sector.

“The juicy bonuses given under the pretext that without them we aren’t competitive in the market — well, we’ve been hearing that for decades …. Negotiate yourself a salary,” Blanchet told reporters in the lobby of the House of Commons.

Describing bonuses as icing on a cake, Blanchet suggested the corporation was using them as a “kind of backdoor salary” that hides how much people are really being paid because the bonuses are only revealed in the media “once a year.”

“There can be a little bit of icing, but when the icing becomes part of the salary, I usually start to question things,” Blanchet said, adding that the millions of dollars in bonuses “shocks” him.

The Canadian Press reported this week that the public broadcaster paid $18.4 million in bonuses to 1,194 employees this year after it eliminated hundreds of jobs. That included $3.3 million paid to 45 executives, which comes out to an average bonus of more than $73,000.

More than $10.4 million was paid out to 631 managers, and over $4.6 million was paid to 518 other employees.

This year’s amount is an increase from the $14.9 million paid out to 1,143 employees in the 2022-23 fiscal year.

Opposition Conservatives want the head of the public broadcaster, Catherine Tait, to return to the parliamentary hot seat and provide answers. Earlier this year, members of the House heritage committee unanimously concluded in a report presented to the House of Commons that, given the budget cuts, it would be inappropriate for the CBC to award bonuses to its executives.

It is not clear whether Tait was among those who received performance pay this year. The CEO’s performance pay is determined based on a recommendation from the CBC/Radio-Canada board of directors, with approval from the federal government.

The CBC and the federal government have both refused to answer questions, citing privacy rules.

Between December 2023 and March 31, CBC/Radio-Canada laid off 141 employees and cut 205 vacant positions.

NDP heritage critic Niki Ashton said, “it is time to prohibit the CBC from giving bonuses to executives, and for it to use that money to save local journalism.”

This report by The Canadian Press was first published Aug. 15, 2024.

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RCMP investigating after three found dead in Lloydminster, Sask.

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LLOYDMINSTER, SASK. – RCMP are investigating the deaths of three people in Lloydminster, Sask.

They said in a news release Thursday that there is no risk to the public.

On Wednesday evening, they said there was a heavy police presence around 50th Street and 47th Avenue as officers investigated an “unfolding incident.”

Mounties have not said how the people died, their ages or their genders.

Multiple media reports from the scene show yellow police tape blocking off a home, as well as an adjacent road and alleyway.

The city of Lloydminster straddles the Alberta-Saskatchewan border.

Mounties said the three people were found on the Saskatchewan side of the city, but that the Alberta RCMP are investigating.

This report by The Canadian Press was first published on Sept. 12, 2024.

Note to readers: This is a corrected story; An earlier version said the three deceased were found on the Alberta side of Lloydminster.

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Three injured in Kingston, Ont., assault, police negotiating suspect’s surrender

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KINGSTON, Ont. – Police in Kingston, Ont., say three people have been sent to hospital with life-threatening injuries after a violent daytime assault.

Kingston police say officers have surrounded a suspect and were trying to negotiate his surrender as of 1 p.m.

Spokesperson Const. Anthony Colangeli says police received reports that the suspect may have been wielding an edged or blunt weapon, possibly both.

Colangeli says officers were called to the Integrated Care Hub around 10:40 a.m. after a report of a serious assault.

He says the three victims were all assaulted “in the vicinity,” of the drop-in health centre, not inside.

Police have closed Montreal Street between Railway Street and Hickson Avenue.

This report by The Canadian Press was first published Sept. 12, 2024.

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Government intervention in Air Canada talks a threat to competition: Transat CEO

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Demands for government intervention in Air Canada labour talks could negatively affect airline competition in Canada, the CEO of travel company Transat AT Inc. said.

“The extension of such an extraordinary intervention to Air Canada would be an undeniable competitive advantage to the detriment of other Canadian airlines,” Annick Guérard told analysts on an earnings conference call on Thursday.

“The time and urgency is now. It is time to restore healthy competition in Canada,” she added.

Air Canada has asked the federal government to be ready to intervene and request arbitration as early as this weekend to avoid disruptions.

Comments on the potential Air Canada pilot strike or lock out came as Transat reported third-quarter financial results.

Guérard recalled Transat’s labour negotiations with its flight attendants earlier this year, which the company said it handled without asking for government intervention.

The airline’s 2,100 flight attendants voted 99 per cent in favour of a strike mandate and twice rejected tentative deals before approving a new collective agreement in late February.

As the collective agreement for Air Transat pilots ends in June next year, Guérard anticipates similar pressure to increase overall wages as seen in Air Canada’s negotiations, but reckons it will come out “as a win, win, win deal.”

“The pilots are preparing on their side, we are preparing on our side and we’re confident that we’re going to come up with a reasonable deal,” she told analysts when asked about the upcoming negotiations.

The parent company of Air Transat reported it lost $39.9 million or $1.03 per diluted share in its quarter ended July 31. The result compared with a profit of $57.3 million or $1.49 per diluted share a year earlier.

Revenue totalled $736.2 million, down from $746.3 million in the same quarter last year.

On an adjusted basis, Transat says it lost $1.10 per share in its latest quarter compared with an adjusted profit of $1.10 per share a year earlier.

It attributed reduced revenues to lower airline unit revenues, competition, industry-wide overcapacity and economic uncertainty.

Air Transat is also among the airlines facing challenges related to the recall of Pratt & Whitney turbofan jet engines for inspection and repair.

The recall has so far grounded six aircraft, Guérard said on the call.

“We have agreed to financial compensation for grounded aircraft during the 2023-2024 period,” she said. “Alongside this financial compensation, Pratt & Whitney will provide us with two additional spare engines, which we intend to monetize through a sell and lease back transaction.”

Looking ahead, the CEO said she expects consumer demand to remain somewhat uncertain amid high interest rates.

“We are currently seeing ongoing pricing pressure extending into the winter season,” she added. Air Transat is not planning on adding additional aircraft next year but anticipates stability.

“(2025) for us will be much more stable than 2024 in terms of fleet movements and operation, and this will definitely have a positive effect on cost and customer satisfaction as well,” the CEO told analysts.

“We are more and more moving away from all the disruption that we had to go through early in 2024,” she added.

This report by The Canadian Press was first published Sept. 12, 2024.

Companies in this story: (TSX:TRZ)

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