Southern Alberta city pulls plug on $13-million solar power project

Southern Alberta city pulls plug on $13-million solar power project
CALGARY — The southern Alberta city of Medicine Hat is pulling the plug on a $13-million concentrated solar power facility after operating it for about five years. Coun. Phil Turnbull, who chairs the city’s utility committee, says the project’s goal was to test whether the technology was a feasible way to use the sun’s heat to replace some of the natural gas used... Read More

Air Canada stock hits new high on news of exclusive talks to buy Transat AT

Air Canada stock hits new high on news of exclusive talks to buy Transat AT
MONTREAL — Air Canada’s interest in buying rival Transat AT Inc. for about $520 million got positive feedback from industry watchers and stock traders after the two companies announced Thursday that they’re in exclusive talks to finalize a deal. The two companies say Air Canada — the country’s largest airline — would pay $13 per share for Transat, the Montreal-based owner of Air... Read More

Walmart warns that higher tariffs will mean higher prices

Walmart warns that higher tariffs will mean higher prices
NEW YORK — Walmart warned on Thursday that higher tariffs on imports from China will mean higher prices. The comments came after the nation’s largest retailer reported its best sale performance at its established U.S. namesake stores for the fiscal first quarter in nine years. It marked 19 straight quarters of same-store sales gains. “We’re monitoring the tariff discussions and... Read More

Time running out for firms to grow pot outdoors as they await licenses

Time running out for firms to grow pot outdoors as they await licenses
TORONTO — As warmer weather makes its way across the country, many licensed cannabis producers are still waiting for the green light from Ottawa to start an outdoor crop — and the clock is ticking. Health Canada says it has granted one license that includes outdoor cultivation — which many companies are banking is cheaper than growing pot in a... Read More

Supreme Cannabis Company acquires Blissco in all-stock deal valued at $48M

Supreme Cannabis Company acquires Blissco in all-stock deal valued at $48M
TORONTO — The Supreme Cannabis Company Inc. has signed a deal to acquire Blissco Cannabis Corp. in an all-stock deal it valued at $48 million. Under the agreement, each Blissco Share will be exchanged for 0.24 of a common share of Supreme Cannabis. Based in Langley, B.C., Blissco operates a 18,000-square-foot production facility and has been producing cannabis oils since... Read More

Transat in exclusive talks with Air Canada to be acquired for $13 per share

Transat in exclusive talks with Air Canada to be acquired for $13 per share
MONTREAL — Transat AT Inc. is in exclusive talks with Air Canada, which is offering roughly $488 million to buy the travel company. The Montreal-based company says it has agreed to a 30-day period of exclusive negotiations regarding a possible deal at a price of $13 per share. Transat shares closed at $10.58 on the Toronto Stock Exchange on Wednesday. The company offers vacation packages,... Read More

Huawei hit by US export controls, potential import ban

Huawei hit by US export controls, potential import ban
In a fateful swipe at telecommunications giant Huawei, the Trump administration issued an executive order Wednesday apparently aimed at banning its equipment from U.S. networks and said it was subjecting the Chinese company to strict export controls. Huawei would be the largest business ever subjected to the controls, a law enforcement measure that requires it to obtain U.S. government approval... Read More