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
Air Canada CEO Michael Rousseau to step downOpen this photo in gallery:<\/a><\/p>\n Michael Rousseau gives a speech at the Montreal Chamber of Commerce in 2021. The Air Canada CEO will retire later this year, the company said on Monday.Mario Beauregard\/The Canadian Press<\/p>\n After his English-only video in response to the fatal crash at New York\u2019s LaGuardia Airport triggered a political firestorm, Air Canada chief executive Michael Rousseau is leaving the company<\/a>. Mr. Rousseau will retire by the end of September, the airline said in a news release Monday, but he\u2019ll continue to lead the company and serve on the board of directors until that time.<\/p>\n Andrew Willis and Eric Atkins report that the CEO sped up his planned retirement by 12 months<\/a> after the controversy. The Montreal-based company is interviewing internal and external CEO candidates. Three potential candidates include executives who know Air Canada well and speak fluent French. One target in the search is the airline\u2019s former chief operating officer, Benjamin Smith, who left in August, 2018, to become CEO of Air France-KLM Group.<\/p>\n Stellantis proposed building Chinese electric vehicles at idled Brampton plantOpen this photo in gallery:<\/a><\/p>\n The Stellantis vehicle assembly plant in Brampton, Ont., in October, 2025.Nathan Denette\/The Canadian Press<\/p>\n Stellantis was discussing plans<\/a> to build Chinese electric cars at the automaker\u2019s idled factory in Brampton, Ont., reported Eric Atkins. The company has proposed assembling Chinese cars using parts imported from China, or \u201cknock-down kits,\u201d in partnership with Leapmotor, a China-based automaker it partly owns. The investment is not finalized at this stage.<\/p>\n Industry Minister M\u00e9lanie Joly, however, has rejected the plan<\/a>. The initial plan from Stellantis was met with opposition from Ontario Premier Doug Ford and Unifor, which represents 3,000 laid-off Brampton workers, saying the process would require few jobs and contributes nothing to the local parts supplier base.<\/p>\n The Brampton plant closed more than two years ago for retooling. Stellantis moved planned production<\/a> of the Jeep Compass to Illinois last year after U.S. President Donald Trump imposed 25-per-cent tariffs on Canadian-made cars.<\/p>\n The gas price shock isn\u2019t hitting Canadian cities evenly<\/p>\n Canadians are feeling even more pain at the pump as oil futures soared to their highest levels since 2022 on Thursday. For Canadian drivers, the turmoil in the Middle East adds to the average 33-per-cent jump in regular gasoline prices nationwide since before the war began. But, as Jason Kirby reports, the price shock across Canada has been far from even<\/a>. Year-to-date prices are up by nearly 55 per cent in Prince Albert, Sask., according to a database of retail fuel prices. Meanwhile, cities that had higher prices from the start \u2013 particularly Vancouver and Victoria \u2013 have experienced smaller price shocks. <\/p>\n Experts point to three main factors that drive the price discrepancies: fuel taxes, commodity markets (both global and regional) and local market competition.<\/p>\n<\/p>\n The historic Artemis II launch, and a burn to fling itself moonwardOpen this photo in gallery:<\/a><\/p>\n This screen grab from NASA’s feed released on April 3 shows the four Artemis II crew members as they head to orbit the moon. From left, Canadian Space Agency astronaut Jeremy Hansen, and NASA astronauts Reid Wiseman, Christina Koch and Victor Glover.Supplied\/AFP PHOTO\/NASA<\/p>\n Long delayed by a series of technical challenges, NASA launched Artemis II on April 1<\/a> in its first human mission to fly around the moon in more than 50 years. The mission sends four astronauts \u2013 commander Reid Wiseman, pilot Victor Glover, mission specialist Christina Koch and Canadian astronaut Jeremy Hansen \u2013 on an approximately 10-day journey into deep space with the aim of opening a new and sustained future for exploration and development on the moon. <\/p>\n <!\u2014 Multimedia Carousel Float –><\/p>\n The mission lifted off from NASA\u2019s Kennedy Space Center in Florida at 6:35 p.m. ET on Wednesday \u2013 and the day leading up to the launch proceeded with very few hitches. The Globe\u2019s science reporter Ivan Semeniuk described the scene from Cape Canaveral, Fla.: \u201cThe intense glare of the rocket\u2019s powerful exhaust made for a striking sight as it roared upward into a clear blue sky brightly illuminated by the setting sun. The rocket then arced eastward, pushing its crew toward outer space with increasing speed and remained visible as a glowing spark that persisted for more than three minutes before receding from view.\u201d<\/p>\n On Thursday evening, the astronauts started a 5-minute 50-second engine burn<\/a> that pushed the spacecraft from a 24-hour-long high orbit around Earth onto a path that will send it wheeling around the moon a few days from now.<\/p>\n BHP\u2019s new potash mine is a test case for Canada in how to build bigOpen this photo in gallery:<\/a><\/p>\n Graham Reynolds, general manager of BHP’s potash operations. The Jansen mine is a core part of the company’s shift to what it calls ‘future-facing commodities.’Heywood Yu\/The Globe and Mail<\/p>\n Mining giant BHP Group Ltd.\u2019s new $18-billion Jansen potash mine is the biggest investment in the history of Saskatchewan and in the history of the world\u2019s largest mining company. The Australian juggernaut is digging into the Prairie Evaporite Formation to extract a prized pink salt essential to global food production. The potash from this mine will travel on 2,000 kilometres of rail to a port in British Columbia and then supply 10 per cent of the world\u2019s demand by 2031.<\/p>\n A mining project of this magnitude is a rare case across the country, but it could be a lesson for Canada in how to build big as Prime Minister Mark Carney lures global investment. Kate Helmore visited the Jansen potash mine<\/a> and spoke with employees about BHP\u2019s historic investment and decades-long potash ambitions in Saskatchewan.<\/p>\n \nWhat key level did gas prices surpass in the United States this week?\n <\/p>\n a. US$2 a gallon<\/p>\n b. US$3 a gallon<\/p>\n c. US$4 a gallon<\/p>\n d. US$5 a gallon<\/p>\n c. U.S. gas prices jumped past an average of US$4 a gallon<\/a> for the first time since 2022 as the Iran war pushed fuel prices higher worldwide. The last time U.S. drivers were collectively paying this much at the pump was after Russia\u2019s invasion of Ukraine.<\/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","protected":false},"excerpt":{"rendered":"Getting caught up on a week that got away? 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