Walmart, Tesla pause in legal fight over fiery solar panels

Walmart, Tesla pause in legal fight over fiery solar panels
NEW YORK — Walmart said Friday that is working on a resolution with Tesla after the retailing giant sued the electric car company’s energy division for installing rooftop solar panels that caught fire. In the lawsuit filed Tuesday, Walmart said Tesla installed solar panels that went up in flames on seven of its store rooftops between 2012 and 2018, causing... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (16,037.58, down 215.88 points). Encana Corp. (TSX:ECA). Energy. Down 17 cents, or three per cent, to $5.50 on 13.4 million shares. Bombardier Inc. (TSX:BBD.B). Industrials. Down 14 cent, or 8.14 per cent, to $1.58 on 12.9 million shares. Belo Sun Mining Corp. (TSX:BSX). Materials.... Read More

Ottawa takes promised steps to prevent transshipments of aluminum, steel

Ottawa takes promised steps to prevent transshipments of aluminum, steel
Ottawa is taking promised steps to prevent aluminum and steel from entering Canada as a way to circumvent trade measures that led to the U.S. lifting tariffs earlier this year. Starting Sept. 1, certain aluminum products will be added to the Import Control List (ICL) under the Export and Import Permits Act. Importers will be required to report details of the imported... Read More

Transat shareholders approve Air Canada takeover, narrowing competition

Transat shareholders approve Air Canada takeover, narrowing competition
MONTREAL — Transat shareholders have approved Air Canada’s $720-million acquisition offer, a milestone on a twisting road toward a takeover. In a special meeting in Montreal Friday, shareholders of the Quebec-based tour operator voted to accept the $18-per-share bid from the country’s largest airline. A total of 94.77 per cent of votes cast were in favour, well above the required two-thirds threshold. The thumbs-up... Read More

Cargojet Inc. shares surge on deal with Amazon to grow partnership

Cargojet Inc. shares surge on deal with Amazon to grow partnership
MISSISSAUGA, Ont. — Shares in Cargojet Inc. shot to a record high Friday after the company announced a new deal with Amazon.com that could see the online retailer acquire a stake in the company that provides overnight air cargo services. The company’s shares opened up more than 20 per cent and were trading up $12.10, or 13.3 per cent, at $102.77 in midday... Read More

TC Energy applauds Nebraska court victory over opponents of Keystone XL pipeline

TC Energy applauds Nebraska court victory over opponents of Keystone XL pipeline
CALGARY — One of the last major hurdles for the Keystone XL crude oil pipeline was removed on Friday by the Nebraska Supreme Court which rejected an attempt by opponents to force the developer to reapply for state approval. The court upheld the decision of regulators who voted in November 2017 to green-light a route through the state. The court’s decision... Read More

Nebraska court upholds state’s approval of pipeline path

Nebraska court upholds state’s approval of pipeline path
LINCOLN, Neb. — Nebraska’s highest court lifted one of the last major hurdles for the Keystone XL pipeline on Friday when it rejected another attempt to derail the project by opponents who wanted to force the developer to reapply for state approval. The Nebraska Supreme Court upheld the decision of regulators who voted in November 2017 to green-light a route... Read More

China announces tariff hike on $75 billion of US products

China announces tariff hike on $75 billion of US products
BEIJING — China on Friday announced tariff hikes on $75 billion of U.S. products in retaliation for President Donald Trump’s planned increase, deepening a trade war that threatens to tip the global economy into recession. The tariffs of 10% and 5% take effect on two batches of goods on Sept. 1 and Dec. 15, the official Xinhua News Agency said.... Read More

Cargojet Inc. new deal with Amazon to grow business with the retailer

Cargojet Inc. new deal with Amazon to grow business with the retailer
MISSISSAUGA, Ont. — Cargojet Inc. has signed a new deal with Amazon.com that could see the online retailer acquire a stake in the company which provides overnight air cargo services. Amazon uses Cargojet’s overnight air network and charter aircraft services to move packages between facilities and to other carrier locations. Under the agreement, Cargojet will issue warrants to Amazon for... Read More