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Short-term thinking by previous governments has led to untenable conditions, Furstenau says

MONTREAL — Politics, public opinion and salary hikes south of the border helped push Air Canada toward a deal that secures major pay gains for pilots, experts say.

In an era of increased strike activity and union power, labour experts say it’s not surprising to see more calls for government intervention in certain sectors like transportation.

The Canadian Real Estate Association says the number of homes sold in August fell compared with a year ago as the market remained largely "stuck in a holding pattern" despite borrowing costs beginning to come down.

The price cap for insured mortgages will be boosted for the first time since 2012, moving to $1.5 million from $1 million, to allow more people to qualify for a mortgage with less than a 20 per cent down payment.

OTTAWA — Statistics Canada says manufacturing sales rose 1.4 per cent to $71 billion in July, helped by higher sales in the petroleum and coal and chemical product subsectors. The increase followed a 1.7 per cent decrease in June.

VANCOUVER — The president of the Union of B.C. Municipalities says communities have billions of dollars worth of infrastructure that will need replacing in the next decade and the province needs to step in with new funding to help.

TORONTO — Five things to watch for in the Canadian business world in the coming week: Air Canada Air Canada pilots reached a tentative agreement shortly after midnight on Sunday, averting a potential work stoppage that would have affected thousands o

MONTREAL — Travellers, business groups and politicians expressed fervent relief on Sunday after Air Canada and the union representing thousands of its pilots negotiated a new labour deal and averted a disruptive, countrywide shutdown.

Significant, higher-than-planned investments will be sunk into costly but necessary treatment plant and tunnel upgrades.