Ottawa fines two coast guard ships for speeding in right whale protection zone

Ottawa fines two coast guard ships for speeding in right whale protection zone
OTTAWA — Transport Canada is issuing fines to a pair of Canadian Coast Guard ships that allegedly sailed too fast through the Gulf of St. Lawrence, where the rising death toll among endangered North Atlantic right whales has been partly blamed on collisions with vessels. The ships are among six — including a luxury yacht and three cargo vessels — to... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (16,237.77, down 103.57 points). Bombardier Inc. (TSX:BBD.B). Industrials. Down eight cents, or 4.42 per cent, to $1.73 on 8.6 million shares. CannTrust Holdings Inc. (TSX:TRST). Health care. Down $1.17 or 27.79 per cent, to $3.04 on 6 million shares. B2Gold Corp. (TSX:BTO). Materials. Up... Read More

Inter Pipeline shares lose some of last week’s takeover speculation gains

Inter Pipeline shares lose some of last week’s takeover speculation gains
CALGARY — Shares in Inter Pipeline Ltd. fell by as much as 4.3 per cent Monday morning after soaring late last week on news that it had rejected an unsolicited takeover from an unnamed bidder. On the Toronto Stock Exchange, shares in the Calgary petroleum transportation and processing company fell by $1.06 to $23.75 before recovering to $24.10 by 11 a.m. EDT. During... Read More

Fish buyer in P.E.I. opens plant to promote Canada’s sustainable tuna fishery

Fish buyer in P.E.I. opens plant to promote Canada’s sustainable tuna fishery
A tuna buyer in Prince Edward Island has opened Canada’s first federally licensed plant to process bluefin tuna for the world sushi market. Jason Tompkins of OneTuna, says after 18 years as a tuna buyer he saw an opportunity to change the way tuna is bought, sold and marketed, and he’s looking to spread the word that Canada has the... Read More

South Korea to remove Japan from preferred trade list

South Korea to remove Japan from preferred trade list
SEOUL, Korea, Republic Of — South Korea said Monday that it has decided to remove Japan from a list of nations receiving preferential treatment in trade in what was seen as a tit-for-tat move following Tokyo’s recent decision to downgrade Seoul’s trade status amid a diplomatic row. It wasn’t immediately clear how South Korea’s tightened export controls would impact bilateral... Read More

Air Canada ups purchase price in Transat bid, securing largest shareholder’s support

Air Canada ups purchase price in Transat bid, securing largest shareholder’s support
MONTREAL — Air Canada will spend more to buy Transat A.T. Inc., the airline announced Sunday, saying it has upped the total offer by $200 million to win the support of the tour company’s largest shareholder. The new bid sees Air Canada spending $18 per share, rather than $13. That brings the total offer to roughly $720 million, up from a previously announced bid... Read More

Jim Pattison makes offer to take Canfor Corp. private at $16 per share

Jim Pattison makes offer to take Canfor Corp. private at $16 per share
VANCOUVER — Jim Pattison’s Great Pacific Capital Corp. has made an offer to buy the rest of Canfor Corp. it does not already own for $16 per share. Shares in Canfor closed at $8.80 on the Toronto Stock Exchange on Friday. Great Pacific already owns about a 51 per cent stake in the lumber producer. The offer values Canfor at about $2 billion.... Read More

CannTrust says facility in Vaughan, Ont., rated non-compliant by Health Canada

CannTrust says facility in Vaughan, Ont., rated non-compliant by Health Canada
TORONTO — Cannabis company CannTrust Holdings Inc. says its manufacturing facility in Vaughan, Ont., has been rated non-compliant by Health Canada. The company says it was notified by Health Canada on Friday and added that remedial actions were underway. The decision by the regulator was based on an inspection in July following revelations that Health Canada had found the company’s greenhouse... Read More