Western utility to quicken move away from coal-fired power

Western utility to quicken move away from coal-fired power
CHEYENNE, Wyo. — A major Western utility said Thursday it plans to speed up its move away from coal-fired power and get more juice from the sun and wind. Citing financial incentives, Portland, Oregon-based PacifiCorp said it wants to reduce coal-fired generation by two-thirds by 2030 while pursuing a buildout of wind and solar energy. Federal tax incentives make those... Read More

Hudbay Minerals appoints mining veteran Stephen Lang to chair its board

Hudbay Minerals appoints mining veteran Stephen Lang to chair its board
TORONTO — Hudbay Minerals Inc. says it has appointed mining veteran Stephen Lang as chairman. Lang was CEO of Centerra Gold Inc. from 2008 to 2012 and served as Centerra’s chairman from then until stepping down this month. Toronto-based Hudbay says current chairman Alan Hibben will resign but remain on the board. One of Lang’s first chores will be hiring a president and CEO... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (16,369.03, up 58.06 points). Encana Corp. (TSX:ECA). Energy. Up 22 cents, or 3.87 per cent, to $5.91 on 10.6 million shares. Aurora Cannabis Inc. (TSX:ACB). Health care. Up 45 cents, or 8.09 per cent, to $6.01 on 9.6 million shares. The Toronto-Dominion Bank. (TSX:TD). Financials. Down 17 cents,... Read More

Paterson GlobalFoods to build mill in Winnipeg to handle western Canadian oats

Paterson GlobalFoods to build mill in Winnipeg to handle western Canadian oats
WINNIPEG — Paterson GlobalFoods says it plans to build an oats mill next to its existing grain terminal in northwest Winnipeg. The international agricultural conglomerate says the mill will process up to 250,000 tonnes of raw oats from western Canadian farmers each year. It says the mill will have 260 rail cars at its disposal to offer the greatest access possible to North... Read More

North American markets bounce back from very weak start to quarter

North American markets bounce back from very weak start to quarter
TORONTO — North American stock markets bounced back from a weak start to the quarter even though U.S. services data further signalled a slowing economy. The S&P/TSX composite index closed up 58.06 points at 16,369.03. In New York, the Dow Jones industrial average was up 122.42 points at 26,201.04. The S&P 500 index was down 23.02 points at 2,910.63, while the... Read More

US authorities seek access to Facebook encrypted messaging

US authorities seek access to Facebook encrypted messaging
NEW YORK — U.S. Attorney General William Barr wants Facebook to give law enforcement a way to read encrypted messages sent by users, re-igniting tensions between tech companies and law enforcement. Facebook’s WhatsApp already has end-to-end encryption, meaning that even Facebook cannot read the text of messages. Facebook plans to extend that protection to Messenger and Instagram Direct. While law... Read More

Constellation Brands’ Q2 earnings weighed down by Canopy Growth losses

Constellation Brands’ Q2 earnings weighed down by Canopy Growth losses
VICTOR, N.Y. — Alcohol giant Constellation Brands Inc.’s latest quarterly results were weighed down by millions in losses and a writedown in connection with its significant stake in Canadian cannabis producer Canopy Growth Corp., but it still beat market expectations. The U.S.-based producer of Corona beer reported a loss per share of US$2.77 or earnings of US$2.72 on an adjusted basis for... Read More

Alberta finance minister to host two telephone town halls on budget next week

Alberta finance minister to host two telephone town halls on budget next week
EDMONTON — Alberta’s finance minister is hosting two telephone town halls next week to take questions and advice from the public on his upcoming budget. Travis Toews will dial in to speak to and hear from Albertans north of Red Deer on Monday night. On Wednesday night, residents in Red Deer and southern Alberta get the opportunity to have their say. The government... Read More

WestJet inspecting Boeing 737 NG for cracks after U.S. FAA directive

WestJet inspecting Boeing 737 NG for cracks after U.S. FAA directive
CALGARY — WestJet Airlines says it is inspecting its fleet of Boeing 737 Next Generation aircraft for cracks after a U.S. regulator ordered inspections on American fleets. Calgary-based WestJet says it has 43 aircraft that fall under an inspection directive issued by the U.S. Federal Aviation Administration Thursday. The company says it has had no structural cracks on its 737 NG fleet and expects minimal disruption from... Read More

‘Job intensive:’ Study says clean energy fast track to employment growth

‘Job intensive:’ Study says clean energy fast track to employment growth
New research says job growth from clean energy will dramatically outpace that from fossil fuels over the next decade — as long as future Canadian governments maintain or increase attempts to fight climate change. “The clean-energy sector is a good-news story that no one’s talking about,” said Merran Smith of Clean Energy Canada, a think tank based at Simon Fraser University in British... Read More