WestJet pilots get $2 million from union to help efforts to get first contract

WestJet pilots get $2 million from union to help efforts to get first contract
MONTREAL — WestJet pilots are marking their first year since choosing to unionize by receiving $2 million from the international union’s contingency fund to help with efforts to achieve a first collective agreement. Capt. Rob McFadyen, chairman of the Air Line Pilots Association master executive council, says the money will help secure a contract that reflects the contribution of pilots to... Read More

Spat breaks out between Tim Hortons franchisee factions over public complaints

Spat breaks out between Tim Hortons franchisee factions over public complaints
OAKVILLE, Ont. — Tim Hortons’s franchisee advisory board has waded into a war of words between the brand’s parent company and an outspoken restaurant owners association, attacking the group for publicly slandering the company and making complaints about it to the federal government and in the media. In a letter sent to fellow franchisees this week, the board says recent “negative commentary,” much of which... Read More

DavidsTea swings to loss on charges but says e-commerce improving

DavidsTea swings to loss on charges but says e-commerce improving
MONTREAL — DavidsTea Inc. says it swung to a loss in its last quarter as onerous contract charges and impairments weighed on its balance sheet. The specialty tea retailer says it had a loss of $16.1 million for the fourth quarter ending Feb. 3, compared with net income of $2 million for the same quarter last year. The company says the charges included... Read More

Rogers Q1 profit, adjusted earnings soar on revenue growth

Rogers Q1 profit, adjusted earnings soar on revenue growth
TORONTO — Rogers Communications Inc. saw its first-quarter profit soar from the same time last year as its wireless division experienced a growth spurt that exceeded analyst estimates. The wireless, cable, internet and media company’s net profit was $425 million, up 37 per cent from $310 million in the comparable period last year. Adjusted earnings grew even more, rising by... Read More

Canadian Pacific starting operations shutdown ahead of possible strike

Canadian Pacific starting operations shutdown ahead of possible strike
CALGARY — Canadian Pacific Railway says it has begun shutting down train operations ahead of a possible strike set to start Saturday by two unionized workforces. The company says it has an embargo application in place on shipments going to or from CP’s Canadian locations that will take effect just after midnight on April 21. Canadian Pacific says it continues to bargain with both... Read More

Boralex signs deal to buy French wind power company Kallista Energy Investment

Boralex signs deal to buy French wind power company Kallista Energy Investment
MONTREAL — Boralex Inc. has signed a deal to acquire wind power company Kallista Energy Investment SAS from Ardian Infrastructure in a move to grow its operations in France. The Canadian power producer has agreed to pay $202 million and assume $146.7 million in project debt. The deal will give Boralex 163 megawatts of wind power projects in operation, a... Read More

Great-West Lifeco Inc. acquires strategic investment in Irish company

Great-West Lifeco Inc. acquires strategic investment in Irish company
WINNIPEG — Great-West Lifeco Inc. has signed a deal to acquire a strategic investment in Invesco Ltd. (Ireland), an employee benefit consulting and private wealth management firm. Financial terms of the deal done by Great-West’s subsidiary Irish Life Group Ltd. were not immediately available. Invesco is expected to continue to operate independently under its existing brand and with the same senior... Read More

Pipeline protest greets Trudeau in London ahead of meetings with Queen, May

Pipeline protest greets Trudeau in London ahead of meetings with Queen, May
LONDON — The explosive debate around the Trans Mountain pipeline followed Justin Trudeau to Britain’s capital on Wednesday, as environmental activists confronted the prime minister with calls to cancel the contentious project. The activists from Greenpeace UK sought to make their point with an elaborate protest that included erecting a fake pipeline around the Canadian High Commission next to iconic... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (15,353.30, up 52.92 points) Aurora Cannabis Inc. (TSX:ACB). Healthcare. Down 49 cents, or 5.49 per cent, to $8.44 on 11.1 million shares. The medical marijauna producer says it is acquiring about 29 hectares of land in Medicine Hat, Alta., to build a new high-tech cannabis facility. Aurora says... Read More

Saskatchewan premier says his province will also table oil ban bill

Saskatchewan premier says his province will also table oil ban bill
EDMONTON — Premier Scott Moe says Saskatchewan will join Alberta in a fight with B.C. over the Trans Mountain pipeline expansion by introducing its own legislation on oil exports. Premier Scott Moe has announced on Twitter that his government will bring in a bill in the coming days that could result in less oil moving to British Columbia. Alberta Premier Rachel Notley’s government introduced legislation... Read More