Instead of wallowing in mud and filth, today’s music lovers can dine on food prepared by famous chefs, travel in private helicopters and watch the show from an on-stage hot tub - that is, if they have the cash. Music festivals have come a long way from Woodstock, writes Claire Brownell. Article content Fyre disaster aside, luxe music festivals are here stay This advertisement has not loaded yet, but your article continues below. The move is part of a larger strategy that will see the Calgary-based company look for growth in both the longer-haul and ultra-low-cost segments. WestJet has announced that it will purchase up to 20 Boeing 787-9 Dreamliners as it sets its sights on expanding its international reach in Europe, Asia and Latin America. “We are very well positioned to react to whatever takes place in the marketplace, unlike where we were 10 or 15 years ago,” Smith said. Benjamin Smith, Air Canada’s president of passenger airlines, said the Montreal-based airline has many tools at its disposal to compete in the domestic market, particularly through the use of Air Canada Rouge, its lower-cost leisure carrier. Article content Air Canada is taking a cautious approach on ultra low-cost carrierĪir Canada plans on taking a “wait and see” approach when it comes to ultra low cost carriers (ULCCs), but is well positioned to respond to WestJet’s plans to roll out the alternative service, reports Alicja Siekierska.
“They’d rather write a cheque and take a sanction than face accusations of wrongdoing.” Legal experts, for example, are questioning why Home Capital didn’t mitigate the damage by settling with the regulator that was about to drop bombshell allegations. Businesses are “loathe to have contested hearings with regulators, even when they think they are right,” said Robert Staley, a veteran securities lawyer at Bennett Jones LLP in Toronto. That the fate of Canada’s biggest alternative mortgage lender is in question, writes Barbara Shecter, has led to debates in legal, government, and financial circles about how things got so bad so fast. Home Capital is taking steps to right its business, but even with what by all accounts is a sound mortgage book, it may not survive the fallout from OSC accusations that it provided misleading disclosure to investors. Article content Questions about why Home Capital didn’t just ‘write a cheque’
The result is regulators who have “far too much latitude to be influenced by lobbying, profit seeking and political influence.” “Too many governments provide regulators with a vague mandate to act in the public interest, or multiple, often conflicting objectives,” Church said. University of Calgary economics professor Jeffrey Church argues in the report that regulators should make decisions based solely on what is most economically efficient or, in other words, what maximizes value for the country. Howe Institute says regulators including the NEB and the CRTC are subject to “withering commentary, hostility, disbelief and even disobedience” because those agencies are given nearly impossible tasks, reports Geoffrey Morgan. Regulators such as the National Energy Board have been hurt by poorly defined mandates and conflicting goals, which has led to “mounting public and judicial attack,” says a new study that argues those agencies should focus on economic efficiency. Article content Regulators should focus on economics, C.D.
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