Business Brief: Fast trains, slow tracks

News Snapshot:

Good morning. Prime Minister Justin Trudeau has announced plans for Alto, Canada’s first high-speed rail line between Toronto and Quebec City. The fully electrified trains would reach speeds of up to 300 kilometres an hour, cutting travel time between Toronto and Montreal to just three hours. For those who have followed Canada’s rail debates over the years, this moment feels both significant and familiar. Today, we look at the obstacles a consortium of business leaders and politicians will face before a single train leaves the station. In the news Hydro-Québec chief executive Michael Sabia says Canada must think big and...