July 3, 2018 – Canadian Investor

B.C. taps researchers to explore how basic income could work in the province

July 3, 2018 Editor

VANCOUVER — British Columbia has asked a team of experts to explore how providing people with a basic income could work in the province. Prof. David Green, an economist at the University of British Columbia, will chair the three-member committee, which also includes researchers from other universities. The province’s minority NDP government promised to implement a basic income pilot in its agreement... Read More

Most actively traded companies on the TSX

July 3, 2018 Editor

Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,263.16, down 14.57 points) Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Down 13 cents, or 2.50 per cent, to $5.07 on 8.6 million shares. Baytex Energy Corp. (TSX:BTE). Oil and gas. Down nine cents, or 2.06 per cent, to $4.28 on 5.7 million shares. Canadian Natural Resources Ltd. (TSX:CNQ). Oil and... Read More

Stornoway to restart Renard diamond mine after wildfire threat eases

July 3, 2018 Editor

LONGUEUIL, Que. — Stornoway Diamond Corp. says it expects to reopen its Renard diamond mine Wednesday after suspending operations two days earlier because of a wildfire. The company says rainfall and shifting wind over the past 48 hours have helped contain the fires that threatened an access road and airport near the mine. Stornoway said Monday that it would shut down operations because the fire... Read More

B.C. ministers discuss investigation of money laundering in real estate

July 3, 2018 Editor

VICTORIA — British Columbia Attorney General David Eby says terms of reference are being discussed as the province moves ahead with the second phase of its battle against money laundering. The first phase was unveiled last week with a report from former RCMP deputy commissioner Peter German, detailing money laundering in the gaming industry. Part two will focus on monetary transactions linked... Read More

ATB Financial’s new CEO to continue technological push

July 3, 2018 Editor

TORONTO — ATB Financial’s new chief executive has a tough act to follow. Tuesday marks Curtis Stange first day of work at the helm after ATB Financial president and CEO Dave Mowat retired at the end of June. Mowat helped drive technological innovation at the Alberta-based bank — Canada’s only bank that is also a Crown corporation — to keep up with, and sometimes outpace, Canada’s biggest... Read More

Green Organic Dutchman chief executive steps down due to health concerns

July 3, 2018 Editor

TORONTO — The Green Organic Dutchman Holdings Ltd. says chief executive and co-chairman Robert Anderson has stepped down, effective immediately, due to health concerns. The medical marijuana company says chief financial officer Brian Athaide has been promoted to chief executive. The board has also appointed Julia Golubovskaya, vice-president, finance as interim CFO. The company says once Anderson has fully recovered,... Read More

Canadian housing affordability worsened in Q1, ending one-quarter reprieve: RBC

July 3, 2018 Editor

An RBC report says housing affordability in Canada worsened in the first quarter, ending a one-quarter reprieve, the first in two and a half years. The proportion of median pre-tax household income needed for mortgage payments, property taxes and utilities rose 0.4 percentage points from the fourth quarter to 48.4 per cent. The move reversed a 0.3 percentage point drop in the fourth... Read More

Taiga Building Products Ltd. to buy Exterior Wood Inc. for $55 million

July 3, 2018 Editor

BURNABY, B.C. — Taiga Building Products Ltd. has signed a deal to buy Exterior Wood Inc. for about $55 million. The company says the acquisition of Exterior Wood and the expansion of its wood treatment business is a significant step forward in its strategy of pursuing value enhancing opportunities. Headquartered in Burnaby, B.C., Taiga will acquire all of the issued... Read More

BCE wins multi-year Alberta SuperNet contract, to assume all operations

July 3, 2018 Editor

EDMONTON — BCE Inc. has won a multi-year contract to operate Alberta SuperNet, the government-led broadband initiative. The company will assume all operations of the broadband network serving commercial and government customers throughout the province. Bell owns and operates the SuperNet network assets serving 27 urban centres in Alberta. It will now also operate the network connecting a total of 402... Read More