{"id":86970,"date":"2026-06-13T14:30:11","date_gmt":"2026-06-13T14:30:11","guid":{"rendered":"https:\/\/www.europesays.com\/canada\/86970\/"},"modified":"2026-06-13T14:30:11","modified_gmt":"2026-06-13T14:30:11","slug":"apotexs-tsx-debut-the-gordie-howe-bridge-saga-and-ex-air-canada-pilot-charged-with-fraud-business-and-investing-stories-for-the-week-of-june-13","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/canada\/86970\/","title":{"rendered":"Apotex\u2019s TSX debut, the Gordie Howe bridge saga and ex-Air Canada pilot charged with fraud: Business and investing stories for the week of June 13"},"content":{"rendered":"

Open this photo in gallery:<\/a><\/p>\n

The Gordie Howe International Bridge is pictured Thursday, June 11, 2026.Dax Melmer\/The Globe and Mail<\/p>\n

Getting caught up on a week that got away? Here\u2019s your weekly digest of The Globe\u2019s most essential business and investing stories, with insights and analysis on the biggest headlines, stock tips, personal finance strategies and more.<\/p>\n

Trump threatens not to renew USMCA as Carney talks trade strategy with premiersOpen this photo in gallery:<\/a><\/p>\n

U.S. President Donald Trump speaks in the Oval Office on Wednesday. He reiterated his stance that the United States doesn\u2019t need ‘anything’ from its USMCA partners.Julia Demaree Nikhinson\/The Associated Press<\/p>\n

When asked about the upcoming review of the United States-Mexico-Canada Agreement, U.S. President Donald Trump said Wednesday that he\u2019s not looking to renew<\/a> the North American trade pact. He repeated his past comments that his country doesn\u2019t need \u201canything\u201d from Canada and Mexico while speaking with reporters in the Oval Office. U.S. ambassador to Canada Pete Hoekstra looked to reframe the comments on Thursday, saying it is actually an invitation to make a deal<\/a>. <\/p>\n

Prime Minister Mark Carney and the premiers held a virtual meeting Wednesday where the private discussion focused on Canada\u2019s negotiating strategy with the United States. <\/p>\n

Under the terms of the USMCA, the three countries must decide by July 1 whether to extend the agreement for another 16 years. If they don\u2019t agree to an extension, the deal will remain in place, but move into a period of annual reviews for 10 years. It\u2019s also possible for any of the three countries to withdraw with six months\u2019 notice.<\/p>\n

Apotex shares jump in largest TSX debut since 2021Open this photo in gallery:<\/a><\/p>\n

Apotex stock finished its first day of trading on Wednesday at $27, up $3 from the IPO price in an otherwise down market.Sammy Kogan\/The Globe and Mail<\/p>\n

On Wednesday, Apotex stock soared in its debut on the Toronto Stock Exchange. The country\u2019s largest drug company raised $1.3-billion by selling shares at $24 each, making it the largest Canadian initial public offering for the TSX in five years.<\/p>\n

Apotex stock finished its first day of trading at $27, up $3 from the IPO price in an otherwise down market. The newly public company sports a $5.8-billion market capitalization. Andrew Willis reports on how private equity firm SK Capital Partners transformed the business<\/a> they bought from the estate of founder Barry Sherman in 2023.<\/p>\n

It comes at a crucial time, as SpaceX\u2019s IPO debuts in the United States<\/a> and investors await details of other mega IPOs, including AI giants Anthropic and OpenAI.<\/p>\n

Former Air Canada pilot flew more than 900 flights without a captain\u2019s licence, police allegeOpen this photo in gallery:<\/a><\/p>\n

Air Canada aircraft sit parked at Vancouver International Airport on Aug. 18, 2025.DARRYL DYCK\/The Canadian Press<\/p>\n

A former Air Canada pilot flew tens of thousands of passengers on more than 900 flights for 17 years with a forged captain\u2019s licence<\/a>, according to Ontario\u2019s Peel Regional Police. Geoffrey Wall, 59, of Barrie, Ont., has been charged with seven criminal counts, including fraud, uttering forged documents, counterfeit possession and public mischief.<\/p>\n

Mr. Wall commanded Air Canada\u2019s biggest Boeing jets \u2013 the 767, 777 and 787 \u2013 and earned a total of $2.9-million to do so, Peel Police Deputy Chief Nick Milinovich told reporters at a news conference on Tuesday.<\/p>\n

Mr. Wall retired last year after 27 years at Air Canada, before the police investigation began. The probe began four months ago, after a Transport Canada check in 2025 discovered Mr. Wall\u2019s permits were not in order, police said.<\/p>\n

@globeandmail<\/a> A former Air Canada pilot flew more than 900 flights without the proper licence, police in Ontario allege. Police have charged Geoffrey Wall, 59, of Barrie, Ont., with seven criminal counts related to flying passenger jets with a forged captain\u2019s licence. Peel Regional Police claim that for 17 years, Mr. Wall flew tens of thousands of passengers as a pilot in charge, a position for which he was not licensed by Transport Canada. Although he was a licensed commercial pilot and qualified to hold the position of an Air Canada first officer, he did not have an Airline Transport Pilot Licence and was not allowed to be in charge of a passenger plane, police said. Peel Sergeant Rob Boyer likened it to a family doctor performing brain surgery in his office. Allegedly using forged documents, Mr. Wall commanded Air Canada\u2019s biggest Boeing jets \u2013 the 767, 777 and 787 \u2013 earning a total of $2.9-million to do so, Peel Police Deputy Chief Nick Milinovich told reporters. Mr. Wall retired last year after 27 years at Air Canada, before the police investigation began. The probe began four months ago, after a Transport Canada check in 2025 discovered Mr. Wall\u2019s permits were not in order, police said at a news conference on Tuesday. #AirCanada<\/a> #Aviation<\/a> #Canada<\/a> \u266c original sound – The Globe and Mail<\/a> Trump administration delays opening of Gordie Howe bridge on eve of ribbon cutting<\/p>\n

The opening of the Gordie Howe International Bridge between Windsor, Ont., and Detroit was postponed indefinitely<\/a> at the behest of the Trump administration, one U.S. and one Canadian industry source said, a day before the ribbon cutting.<\/p>\n

The U.S. industry source said the American government slammed the brakes on the opening because Commerce Secretary Howard Lutnick and Pete Hoekstra, Washington\u2019s ambassador to Canada, want to first negotiate a deal to help Michigan\u2019s Moroun family, the billionaire owners of the existing Ambassador Bridge, mitigate their losses from competition by the new, publicly owned bridge.<\/p>\n

The delay puts even more strain on truck drivers, Windsor residents and people who cross the border regularly. \u201cI just wish they\u2019d get it over with and Trump would leave us alone,\u201d said Diane Wright, a Canadian long-haul truck driver.<\/p>\n

How Saskatchewan\u2019s \u2018soft power\u2019 laid the groundwork for Canada to diversify tradeOpen this photo in gallery:<\/a><\/p>\n

A drone view shows canola field flowers on a farm near Blaine Lake, Sask., in July, 2025.David Stobbe\/Reuters<\/p>\n

When Prime Minister Mark Carney traveled to Beijing in January to revamp economic ties with the world\u2019s second-largest economy, one Canadian premier went with him: Saskatchewan\u2019s Scott Moe.<\/p>\n

Saskatchewan is a commodities powerhouse<\/a> that produces food, fertilizer and energy products in high demand in the world\u2019s fastest growing economies, Kate Helmore and Mark Rendell report. The province hasn\u2019t taken its trade relationships for granted \u2013 for two decades, it has systematically pursued a trade diversification strategy that has given the small landlocked province of just 1.2 million people clout in major overseas markets, particularly in Asia.<\/p>\n

While the government does its part to help diversify trade, the province\u2019s success is ultimately built on a \u201cmutual effort\u201d between the public sector and private sector, Mr. Moe told The Globe and Mail.<\/p>\n

\u201cWhether it\u2019s the mining industry or the ag industry \u2013 the pulse growers, for example \u2013 they very much understand the importance of that international engagement, international markets, and trying to do what they can to provide that market security,\u201d he said.<\/p>\n

\nTicket prices for the FIFA World Cup run into the thousands of dollars. Watching soccer on TV isn\u2019t exactly cheap, either. How much does it now cost for a Canadian fan to subscribe to a full year of the world\u2019s top leagues on various streaming services?\n <\/p>\n

a. $500<\/p>\n

b. $750<\/p>\n

c. $900<\/p>\n

d. $1,200<\/p>\n

c. A Canadian footie fan would have to pay about $900 a year<\/a> to watch MLS, the Champions League and four of the top five European men\u2019s domestic leagues. The cost of being a fan has soared over the past decade as television rights to various competitions have been scattered among legacy broadcasters such as Sportsnet and TSN, as well as newer platforms such as DAZN, Fubo and Apple TV. <\/p>\n

Get the rest of the questions from the weekly business and investing news quiz here<\/a> , and prepare for the week ahead with The Globe\u2019s investing calendar<\/a>.<\/p>\n