08:12:22 EDT Tue 01 Jul 2025
Enter Symbol
or Name
USA
CA



Amazon.com CDRs (CAD Hedged)
Symbol AMZN
Shares Issued 27,150,000
Close 2025-01-30 C$ 27.90
Market Cap C$ 757,485,000
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Globe says Amazon CEO seen snubbing federal minister

2025-01-31 07:59 ET - In the News

The Globe and Mail reports in its Friday edition that Amazon and the federal government are at odds over whether a proposed meeting between Industry Minister François-Phillippe Champagne and chief executive officer Andy Jassy will take place in the near future. The Globe's Vanmala Subramaniam and Mahima Singh write that Mr. Champagne had invited Mr. Jassy to meet with him last week after an abrupt decision by the tech giant to close operations in Quebec, leaving close to 2,000 people without jobs. In a public letter to the CEO, Mr. Champagne said it was not too late for Amazon to reverse its decision, while also calling for a review of the feds' "business relationship" with the company. A spokesman at Innovation Canada said Mr. Jassy declined the invitation to meet with Mr. Champagne. However, Amazon has denied that Mr. Jassy refused to meet with Mr. Champagne. An Amazon spokesman said that Mr. Jassy had not responded to Mr. Champagne's request, and that a team from the company was available to brief the minister again about the decision to shut down all seven of its facilities in Quebec. Ottawa has spent $116-million on contracts with Amazon, mainly with the company's cloud computing arm, Amazon Web Services.

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