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Conservative leaders to attend pro-pipeline rally in Saskatchewan

Conservative leaders to attend pro-pipeline rally in Saskatchewan
MOOSOMIN, Sask. — Federal Tory leader Andrew Scheer and the conservative premiers of Saskatchewan and New Brunswick are to speak today at a pro-pipeline rally near the Saskatchewan-Manitoba boundary. The event at a pumpjack facility is to draw attention to concerns about Bill C-69 — federal legislation that proposes major changes to how energy projects are reviewed. Rally organizer Sinclair Harrison says if the bill... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (15,838.24, up 142.26 points).   Bombardier Inc. (TSX:BBD.B). Industrials. Down one cents, or 0.4 per cent, to $2.50 on 28.5 million shares. Nemaska Lithium Inc. (TSX:NMX). Materials. Unchanged at 32 cents on 11.3 million shares. Aurora Cannabis Inc. (TSX:ACB). Health care. Down 13 cents, or 1.38 per... Read More

Alberta government contract to result in three new solar power plants

Alberta government contract to result in three new solar power plants
CALGARY — The Alberta government is granting a 20-year contract to supply about half of its electric power needs to a partnership that plans to build three new solar power plants for more than $100 million. Environment and Parks Minister Shannon Phillips says the contract to supply about 55 per cent of the government’s annual power consumption will shave $3.9 million per... Read More

Canopy Growth to have hemp-CBD in U.S. as early as Q4

Canopy Growth to have hemp-CBD in U.S. as early as Q4
Canopy Growth Corp. expects to have CBD products in the U.S. where permissible as early as the fourth-quarter, but says the related hemp-production facilities it has in the works can easily switch to cannabis if and when it becomes federally legal south of the border. Co-chief executive Bruce Linton said the licensed cannabis producer is “on track” to have products with hemp-derived CBD, or cannabidiol, south of the... Read More

Enbridge confident Line 3 pipeline will open this year despite new challenge

Enbridge confident Line 3 pipeline will open this year despite new challenge
CALGARY — Enbridge Inc. is confident that its Line 3 oil pipeline replacement project will come into service by the end of the year in spite of a renewed challenge launched this week by the newly elected governor of Minnesota. On Tuesday, Gov. Tim Walz announced that his commerce department would petition the state Public Utility Commission to reconsider its approval... Read More

Ontario energy minister on Hydro One CEO pay: ‘This is not a negotiation’

Ontario energy minister on Hydro One CEO pay: ‘This is not a negotiation’
TORONTO — Ontario’s energy minister is asking Hydro One to come up with a revised executive compensation framework that slashes proposed CEO pay, warning that the government is not going to negotiate on the issue. The partially privatized utility submitted a framework last week that sets maximum CEO compensation at nearly $2.8 million. But the Progressive Conservative government has said... Read More

Canopy Growth Q3 revenue soars but so does its loss from operations

Canopy Growth Q3 revenue soars but so does its loss from operations
SMITHS FALLS, Ont. — Canopy Growth Corp. says it generated $97.7 million of revenue in the three months ended Dec. 31, including its first sales of non-medical cannabis products, up from $21.7 million in the previous year’s fiscal third quarter. The Ontario-based company — one of Canada’s largest cannabis producers — recorded a loss from operations for the quarter, but turned a... Read More

Sidewalk wants cut of property taxes and development fees for Quayside project

Sidewalk wants cut of property taxes and development fees for Quayside project
TORONTO — Sidewalk Labs is plotting to expand its proposal for a high-tech Toronto community by funding transit and underground infrastructure and trying to snatch up a portion of development fees and property taxes typically funnelled towards the city. The Alphabet Inc.-backed company looking to develop a swath of the Port Lands known as Quayside in partnership with Waterfront Toronto revealed late... Read More

Amazon’s exit could scare off tech companies from New York

Amazon’s exit could scare off tech companies from New York
NEW YORK — Amazon jilted New York City on Valentine’s Day, scrapping plans to build a massive headquarters campus in Queens amid fierce opposition from politicians angry about nearly $3 billion in tax breaks and the company’s anti-union stance. With millions of jobs and a bustling economy, New York can withstand the blow, but experts say the decision by the... Read More

Cineplex Q4 profit falls as theatre attendance declines; revenue up slightly

Cineplex Q4 profit falls as theatre attendance declines; revenue up slightly
TORONTO — Cineplex Inc. says it had $27.2 million of net income in the fourth quarter, down from $28.8 million a year earlier, as attendance at its theatres declined. The Toronto-based entertainment company says the profit amounted to 43 cents per share, down from 45 cents per diluted share in fourth quarter of 2017. On an adjusted basis, Cineplex profit... Read More