Higher fuel costs prompt BC Ferries to remove fuel rebate and increase fares

Higher fuel costs prompt BC Ferries to remove fuel rebate and increase fares
VICTORIA — The cost of using a ferry in B.C. is going up as the price of fuel on the world market increases. BC Ferries says in a news release that it will remove fuel tariffs starting June 27. The rebate and surcharge mechanism is used to manage the volatility of fuel prices, and BC Ferries says it doesn’t benefit financially from... Read More

Auditor rings alarm bells over N.B.’s debt months before provincial election

Auditor rings alarm bells over N.B.’s debt months before provincial election
FREDERICTON — New Brunswick’s auditor general is sounding the alarm over the province’s fast-growing debt — and calling for the release of audited financial statements before the provincial election in September. Kim MacPherson said Tuesday she is deeply troubled by the fiscal decline — pointing to a $7-billion increase in net debt over the last 10 years. “As I have reported... Read More

Aurora Cannabis buying Anandia Laboratories in all-stock deal valued at $115M

Aurora Cannabis buying Anandia Laboratories in all-stock deal valued at $115M
EDMONTON — Aurora Cannabis Inc. has signed an agreement to buy Anandia Laboratories Inc. in an all-stock deal valued at $115 million. Anandia provides research and development services as well as analytical testing for clients licensed under Canada’s medical cannabis rules. Aurora CEO Terry Booth says the deal expands his company’s capabilities and will help accelerate product development. The companies... Read More

Tahoe Resources names board member James Voorhees as new chief executive

Tahoe Resources names board member James Voorhees as new chief executive
VANCOUVER — Tahoe Resources Inc. named James Voorhees as the company’s new president and chief executive. He replaces Ronald Clayton, who is retiring effective Friday. Voorhees has been a Tahoe director since its inception in 2010 and will remain a director following his appointment to the top job. Before joining Tahoe, Voorhees was chief operating officer at Glamis Gold Ltd.... Read More