Morning Headlines: May 16, 2019

Maria Vinca / May 15, 2019

Two Canadians arrested in China now formally charged
(Maria Vinca / Pixabay)

Two Canadians detained in China now formally arrested

Michael Kovrig and and Michael Sparvo are being accused of allegedly stealing state secrets, but no other details were given.

It’s believed that the formal arrest of the two men is retaliation for Canada’s arrest of Huawei executive Meng Wanzhou, at the request of the United States.

According to Public Safety Minister Ralph Goodale, both men are innocent.

A fire near Osoyoos is now 80% contained

Progress is being made on the Ritcher Creek fire near Osoyoos.

As the fire is now in more workable areas, 75 firefighters are continuing to battle the blaze which consumed over 500 hectares.

According to BC Wildfire Service, the fire was caused from a spark of a vehicle that spread to grass off Highway 3.

Officials say no buildings are at risk.

75 firefighters are battling a blaze near Osoyoos. 80% is now contained
(BC Wildfire Service / Twitter)

Air Canada is currently in exclusive talks to Buy Montreal Based airline Transat

Air Canada is negotiating to buy Air Transat 

The proposed deal would value Air Transat at $13 per share, a 22 per cent premium from the $10.58 a share the company was previously valued at on Wednesday. At $13, Air Transat is being valued around $520 million.

Air Transat announced earlier this month that they’ve been approached by other parties in the sale of the company.

In a recent report, Air Canada CEO Calin Rovinescu says the combination with Air Transat represents a great opportunity for stakeholders of both companies.

” Employees of both companies , who will benefit from increased job security and growth prospects” – Calin Rovinescu Air Canada CEO