Alberta projects $1B deficit drop, says pipeline ruling won’t derail budget

Alberta projects $1B deficit drop, says pipeline ruling won’t derail budget
EDMONTON — Alberta’s finance minister says the court decision putting the Trans Mountain pipeline expansion in legal limbo won’t affect the long-term plan to rid the province of red ink by 2024. Joe Ceci says the province is relying on revenues not just from the Trans Mountain expansion but other pipeline projects as well, such as the Line 3 expansion... 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 (16,262.88, down 108.67 points) Aurora Cannabis Inc. (TSX:ACB). Health care. Up one cent or one per cent to $8.80 on 17.3 million shares. Aphria Inc. (TSX:APH) Health care. Up 97 cents or six per cent to $16.98 on 12.1 million shares Cronos Group Inc. (TSX:CRON) Health care. Up... Read More

What now for the Trans Mountain Pipeline?

What now for the Trans Mountain Pipeline?
The Canadian government is two options after the Federal Court of Appeal on Thursday quashed the approval of the $7.4 billion Trans Mountain Pipeline expansion on the basis that Canada’s efforts to meaningfully consult with indigenous people fell short. Soon after the Appeal Court’s ruling was announced on Thursday, shareholders of Kinder Morgan Canada  voted overwhelmingly to approve the sale of... Read More

WestJet Airlines names JetBlue executive as chief operating officer

WestJet Airlines names JetBlue executive as chief operating officer
CALGARY — WestJet Airlines Ltd. has named a former JetBlue executive as chief operating officer. The Calgary-based airline says Jeff Martin will join the company on Sept. 24, subject to Canadian immigration approval. He will report to WestJet chief executive Ed Sims, who took over the top job at the airline in March. Sims says Martin’s international experience will help ensure WestJet’s... Read More

Lululemon stock surges following Q2 earnings and adjustments to forecast

Lululemon stock surges following Q2 earnings and adjustments to forecast
VANCOUVER — Lululemon Athletica Inc.’s stock surged more than 15 per cent in the wake of the company’s second-quarter profit which nearly doubled compared with a year ago. The Vancouver-based athletic apparel company’s stock was up US$21.03 at US$158.03 in late-morning trading. The increase in the stock followed the company’s announcement that it earned $95.8 million or 71 cents per share, in... Read More

PM determined to build pipeline, tackle climate change despite court ruling

PM determined to build pipeline, tackle climate change despite court ruling
OTTAWA — Justin Trudeau says his government remains committed to getting the Trans Mountain pipeline expansion built and also to its national climate-change plan — both of which were put in jeopardy by a court ruling that overturned federal approval for the project. The prime minister says the government will move forward to get the project built “in the right way” by... Read More

No deal yet as NAFTA renegotiation talks turn bitter at critical stage

No deal yet as NAFTA renegotiation talks turn bitter at critical stage
WASHINGTON — The U.S. Trade Representative says Canada has made no concessions to the United States on the thorny issue of dairy access as talks grind on towards today’s deadline to renegotiate the North American Free Trade Agreement. In a written statement, the USTR says the talks with Canada continue but “there have been no concessions by Canada on agriculture.” Similarly, Canadian officials tell The... Read More

Nova Scotia gives up attempts to find buyer for failed wind tower plant

Nova Scotia gives up attempts to find buyer for failed wind tower plant
HALIFAX — The Nova Scotia government has given up on attempts to find a buyer for one of Atlantic Canada’s largest industrial sites. In a news release, Business Minister Geoff MacLellan says for more than two years “every effort” was made to find a buyer for the former DSME wind plant in Trenton without success. MacLellan says a court-appointed receiver will... Read More

Canadian Natural Resources acquires Joslyn oilsands project for $225 million

Canadian Natural Resources acquires Joslyn oilsands project for $225 million
CALGARY — Canadian Natural Resources Ltd. says it has signed a deal to buy the Joslyn oilsands project from Total SA and its partners for $225 million. Under the deal, Canadian Natural will pay $100 million in cash on closing the agreement and make annual cash payments of $25 million over the next five years. The Joslyn project is directly south... 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 (16,371.55, down 18.74 points).   Aurora Cannabis Inc. (TSX:ACB). Health care. Down 28 cents, or 3.1 per cent, to $8.79 on 19.9 million shares. Aphria Inc. (TSX:APH). Health care. Down 29 cents, or 1.78 per cent, to $16.01 on 17.8 million shares Cronos Group Inc. (TSX:CRON). Health care. Down $4.60, or 28.1 per... Read More