News of the day: Calling quits on Air Canada, philanthropy, home building, major projects, market volatility and more

Air Canada says chief executive Michael Rousseau will retire by the end of the third quarter of this year. Photo by Air CanadaArticle contentIt’s Monday, March 30. Here are the top stories we’re following today.Sign In or Create an AccountEmail AddressContinueor View more offersArticle contentAir Canada CEO to retire following English-only video controversyArticle contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.Article contentAir Canada’s chief executive is stepping down following a controversy over his failure to speak French in a video about the deadly collision at LaGuardia Airport. The company said on Monday that CEO Michael Rousseau will retire by the end of the third quarter of 2026.Article contentArticle contentRead the storyArticle contentArticle content Michael Audain has made buckets of money as a property developer, a fortune he now doles out by the tens of millions of dollars in charitable donations. Photo by Arlen Redekop/PostmediaArticle contentTop StoriesGet the latest headlines, breaking news and columns.There was an error, please provide a valid email address.Sign UpBy signing up you consent to receive the above newsletter from Postmedia Network Inc.Thanks for signing up!A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Article contentHow a Buddhist monk’s advice helped this Canadian philanthropist amass a fortuneArticle contentThe Vancouver property developer, who has donated tens of millions of dollars to the arts, doesn’t believe in building dynasties.Article contentRead the storyArticle contentArticle content Home builders have flagged development charges as a key pressure point, particularly as municipalities try to balance housing supply with infrastructure needs. Photo by Derek Baldwin/PostmediaArticle contentAfter HST break, governments turn to building costs with $8.8 billion planArticle contentLatest EntrepreneurScroll Left Scroll RightArticle contentAnother round of housing-related relief is rolling out from Ottawa and Queen’s Park, just days after the federal government’s move to scrap the 13 per cent HST on new homes ahead of the provincial budget.Article contentRead the storyArticle contentArticle content Alex Pourbaix, board chair for Cenovus Energy Inc. and incoming chair for the Business Council of Alberta. Photo by Brent Calver/Postmedia filesArticle contentFast-tracking certain major projects is necessary, but not enough to drive investment: reportArticle contentSecond ListsScroll Left Scroll RightArticle contentOttawa’s new system for fast-tracking select major projects creates a two-tier path for approvals that still leaves Canada at a competitive disadvantage for investment, according to a new report released by the Business Council of Alberta.Article contentRead the storyArticle contentArticle content Get ready for a bumpy ride as the Middle East oil shock triggers volatility in the market. Photo by Getty ImagesArticle contentFasten your seatbelts, markets often punish assets that matter before they reward themArticle contentThe forces driving today’s volatility are the same ones that underpin the enduring case for hard assets, writes Martin Pelletier.Article contentRead the storyArticle contentTrending Air Canada CEO likely sealed his own fate in failing to learn from first language misstep, governance experts say Airlines Air Canada CEO to retire following English-only video controversy Airlines Posthaste: Gold's fall from grace could be worse than markets expect News Subscriber only. Chinese are burying their dead in empty apartments rather than pay skyrocketing cemetery costs Subscriber only Financial Times Subscriber only. How a Buddhist monk's advice helped this Canadian philanthropist amass a fortune Subscriber only High Net Worth Share this article in your social networkCommentsYou must be logged in to join the discussion or read more comments.Create an AccountSign in Join the Conversation Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information. Air Canada CEO likely sealed his own fate in failing to learn from first language misstep, governance experts say Airlines Air Canada CEO to retire following English-only video controversy Airlines Posthaste: Gold's fall from grace could be worse than markets expect News Subscriber only. Chinese are burying their dead in empty apartments rather than pay skyrocketing cemetery costs Subscriber only Financial Times Subscriber only. How a Buddhist monk's advice helped this Canadian philanthropist amass a fortune Subscriber only High Net Worth