Enbridge natural gas pipeline ruptures in Ohio, reports of two injured

Enbridge natural gas pipeline ruptures in Ohio, reports of two injured
CALGARY — Enbridge Inc. says two people have been injured and two structures damaged in a natural gas pipeline rupture in Ohio. The company says it has activated its emergency response plan and personnel are responding to the incident in Noble County, Ohio. Local reports said the pipeline explosion on Enbridge’s Texas Eastern natural gas pipeline sent a fireball into in the... Read More

Toronto stock market extends streak to 12 days, longest in five years

Toronto stock market extends streak to 12 days, longest in five years
TORONTO — Canada’s main stock index has extended its winning streak to the longest in almost five years despite weekend comments took some of the shine off trade talks between U.S. and China. The S&P/TSX composite index closed up 50.33 points to 15,354.16, for a 12-day streak that matched one set in February 2014. The market has gained 1,141.41 points or... Read More

Class action against pot producer Organigram gets green light for trial

Class action against pot producer Organigram gets green light for trial
MONCTON, N.B. — A class action lawsuit against licensed cannabis producer Organigram Inc. has been given the green light to proceed to trial. The Supreme Court of Nova Scotia last Friday certified the proposed class action, filed in 2017 after the Moncton-based organic pot grower recalled a number of its products due to the detection of certain pesticides. Organigram in December 2016 announced a voluntary... Read More

Barrick explores sale of Zambian copper mine as government looks to boost taxes

Barrick explores sale of Zambian copper mine as government looks to boost taxes
TORONTO — Barrick Gold Corp. says it’s exploring all options including the possible sale of its Lumwana mine in Zambia as the government considers increased taxes. It says the country’s proposed changes to taxes and royalties on the mining industry would threaten the mine’s ability to sustain returns to all stakeholders. The Toronto-headquartered company says it continues to engage with Zambia about ways... Read More

Energy and financials down as TSX moves lower; loonie down against U.S. dollar

Energy and financials down as TSX moves lower; loonie down against U.S. dollar
TORONTO — Canada’s main stock index fell in late-morning trading as the key energy and financial sectors lost ground. The S&P/TSX composite index was down 30.18 points at 15,273.65. U.S. stock markets were closed in observance of Martin Luther King Jr. Day. The Canadian dollar traded for 75.23 cents US compared with an average of 75.41 cents US on Friday.... Read More

Huawei not only firm that could build Canada’s eventual 5G networks: Goodale

Huawei not only firm that could build Canada’s eventual 5G networks: Goodale
OTTAWA — Federal Public Safety Minister Ralph Goodale says Chinese telecom giant Huawei isn’t the only company that can build Canadian next-generation wireless networks. Goodale’s remarks on Parliament Hill come after China’s ambassador to Canada warned last week of repercussions if the federal government bars the telecom company from supplying equipment for faster, more resilient communications systems than cellphone users have now. Chinese envoy... Read More

Shawcor Ltd. signs deal to buy ZCL Composites Inc. for $308 million

Shawcor Ltd. signs deal to buy ZCL Composites Inc. for $308 million
TORONTO — Pipeline services company Shawcor Ltd. has signed a deal to buy ZCL Composites Inc., a maker of fibreglass reinforced plastic underground storage tanks, for $308 million. Under the friendly agreement, Shawcor will pay $10 per ZCL share in cash. ZCL shares closed at $7.29 on the Toronto Stock Exchange on Friday. Shawcor says the acquisition will help expand its product and... Read More