Calgary-based water pipeline company accepts $509M offer from New York partner

Calgary-based water pipeline company accepts $509M offer from New York partner
CALGARY — A Calgary-based water pipeline technology and inspection company says it has agreed to be sold for more than half a billion dollars to New York-based Xylem Inc. Pure Technologies Ltd. says the offering price of $9 per share or $509 million in cash is more than double its closing share price last Friday. The stock rose to $8.93 on Monday morning. Xylem CEO... Read More

Lyft starts global expansion with Toronto service launch Tuesday

Lyft starts global expansion with Toronto service launch Tuesday
TORONTO — Ride-hailing service Lyft will launch its service in Toronto on Tuesday, marking its first expansion outside the United States. The addition of Lyft brings increased competition to Uber in Canada’s largest city. The company announced plans to expand to Toronto last month, but had not set a date for its start. Lyft will operate between Hamilton and Oshawa, Ont., and as... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (16,015.68, up 106.90 points) Aurora Cannabis Inc. (TSX:ACB). Health care. Down 32 cents, or 4.57 per cent, to $6.68 on 21.3 million shares. Precision Drilling Corp. (TSX:PD). Oil and gas. Up five cents, or 1.48 per cent, to $3.42 on 6.1 million shares. Crescent Point Energy (TSX:CPG). Oil and gas. Up... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (15,908.78, down 6.90 points) Aurora Cannabis Inc. (TSX:ACB). Health care. Down 39 cents, or 5.28 per cent, to $7.00 on 14.4 million shares. Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Unchanged at $3.17 on 7.1 million shares. Lundin Mining Corp. (TSX:LUN). Miner. Down 12 cents, or 1.73 per cent, to $6.81 on 5.02 million... Read More

WestJet, Delta sign preliminary deal to deepen cross-border partnership

WestJet, Delta sign preliminary deal to deepen cross-border partnership
WestJet and Delta Air Lines plan to form a joint venture that will enhance transborder service and deepen the relationship between the two companies. They said in a statement early Wednesday that the joint venture, which has yet to be approved, would  increase travel choices between Canada and the United States along with enhanced frequent flyer benefits. Calgary-based WestJet Airlines Ltd. (TSX:WJA) and Delta said... Read More

Flair Airlines tinkering with ultra low cost model by eliminating carry-on fee

Flair Airlines tinkering with ultra low cost model by eliminating carry-on fee
MONTREAL — Flair Airlines Ltd. is tinkering with the ultra low cost airline model used in the U.S. and Europe by eliminating carry-on luggage charges in response to consumer demand. Effective immediately, the B.C.-based carrier will remove the $30 carry-on baggage fee. Spokeswoman Julie Rempel says the one-month trial will likely be extended indefinitely because of strong passenger demand. Discount airlines keep... Read More

New Flyer Industries acquires ARBOC Specialty Vehicles for US$95 million

New Flyer Industries acquires ARBOC Specialty Vehicles for US$95 million
WINNIPEG — Bus maker New Flyer Industries Inc. says it has acquired ARBOC Specialty Vehicles, LLC for US$95 million. ARBOC is focused on low-floor bus technology and produces buses used in transit, paratransit and shuttle applications. The company employs approximately 100 people and has a facility in Middlebury, Ind. New Flyer (TSX:NFI) says ARBOC’s management team will remain in place.... Read More

Pembina Pipeline approves construction of $260M propane export facility

Pembina Pipeline approves construction of $260M propane export facility
CALGARY — Pembina Pipeline Corp. (TSX: PPL) says its board of directors has approved construction of an export terminal at Prince Rupert, B.C., to be used to send liquefied Western Canadian propane to markets in Asia and Central America. The Calgary-based company says the project on Watson Island is expected to cost about $260 million, up from an estimate of $150 million made last spring, due to minor scope changes,... Read More

Enbridge reaches deal with Michigan on underwater Great Lakes pipeline

Enbridge reaches deal with Michigan on underwater Great Lakes pipeline
CALGARY — Enbridge Inc. says it has reached a deal with the State of Michigan on the aging Line 5 pipelines that run along the bottom of a channel between Lakes Huron and Michigan. The twin pipelines were laid in 1953 and have raised increasing concerns about the potential impacts on the Great Lakes if the 540,000-barrel-a-day pipeline were to leak. The Calgary-based energy... Read More

Vancouver food delivery app ParcelPal gets surge in downloads

Vancouver food delivery app ParcelPal gets surge in downloads
Vancouver based technology company ParcelPal Technologies Inc. announced over the weekend that its food delivery app has exceeded 3000 downloads in just over a month. The ParcelPal app enables customers to place orders from over 100 Vancouver restaurants directly through the app and does not require any further action from customers. Although the service currently only covers... Read More