Minnesota ruling boosts Enbridge Energy’s Line 3 replacement

Minnesota ruling boosts Enbridge Energy’s Line 3 replacement
ST. PAUL, Minn. — Minnesota pollution regulators properly considered the construction impacts of Enbridge Energy’s plan to replace the 337-mile segment of its aging Line 3 crude oil pipeline that crosses the state, an administrative law judge ruled Friday in a blow to environmental and tribal groups fighting the project. Judge James LaFave issued the opinion following a request by... Read More

Calfrac investors approve company plan over Wilks Brothers takeover

Calfrac investors approve company plan over Wilks Brothers takeover
CALGARY — Shareholders in debt-laden Calgary-based Calfrac Well Services Ltd. have narrowly approved a recapitalization plan proposed by management, thus setting aside a takeover offer from Texas rival Wilks Brothers, LLC. In a vote on Friday afternoon, owners of 68.75 per cent of the shares represented at the meeting voted in favour of a proposal which allows each shareholder to... Read More

Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange
TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (16,438.75, down 62.28 points.)   Toronto-Dominion Bank (TSX:TD). Financials. Down 14 cents, or 0.23 per cent, to $60.42 on 6.96 million shares. BlackBerry Ltd. (TSX:BB). Technology. Down 17 cents, or 2.5 per cent, to $6.64 on 6.46 million shares. Enbridge Inc. (TSX:ENB).... Read More

Saskatchewan’s Scott Moe concerned about Biden’s opposition to Keystone XL

Saskatchewan’s Scott Moe concerned about Biden’s opposition to Keystone XL
SASKATOON — Saskatchewan Party Leader Scott Moe says if the Democrats win next month’s U.S. election, he has concerns about the future of the Keystone XL pipeline. Moe is himself running for re-election on Oct. 26 and, while on the campaign trail, weighed in on comments about the project made by presidential candidate Joe Biden. Biden has promised to kill... Read More

Plaid denies misleading customers, using trademarks unfairly after TD Bank lawsuit

Plaid denies misleading customers, using trademarks unfairly after TD Bank lawsuit
TORONTO — Plaid Inc. denies it has used TD Bank’s logo to dupe customers into handing over personal information that the U.S.-based data company could monetize and says it’s disappointed a TD subsidiary has filed a lawsuit against it. The San Francisco-based company said in a statement to The Canadian Press on Friday that Plaid’s role in transactions is made... Read More

AltaGas agrees to pay $715 million to double stake in midstream firm Petrogas

AltaGas agrees to pay $715 million to double stake in midstream firm Petrogas
CALGARY — AltaGas Ltd. says it has agreed to pay $715 million in cash to privately held SAM Holdings Ltd. to double its ownership share in oil and gas liquids handling firm Petrogas Energy Corp. to 74 per cent. Calgary-based AltaGas bought a one-third interest in Petrogas for about $440 million in 2013 as part of a transaction that allowed... Read More

Nova Scotia offers loan program for large tourism operators hit by pandemic

Nova Scotia offers loan program for large tourism operators hit by pandemic
HALIFAX — The Nova Scotia government is offering $50 million in loan guarantees for the province’s larger tourism operators struggling to deal with the COVID-19 pandemic. The program will provide eligible operators access to debt financing, such as lines of credit or term loans issued by a chartered bank or the Business Development Bank of Canada, at more favourable terms.... Read More

Air Canada CEO Calin Rovinescu to retire next year, Michael Rousseau named successor

Air Canada CEO Calin Rovinescu to retire next year, Michael Rousseau named successor
MONTREAL — Air Canada says chief executive Calin Rovinescu will retire next year after leading the company for more than a decade. The airline says Rovinescu will step down on Feb. 15. Michael Rousseau, Air Canada’s deputy chief executive and chief financial officer, has been named to succeed him. Rovinescu has been chief executive of Air Canada since April 1,... Read More

Sen. Josh Hawley writing book: ‘The Tyranny of Big Tech.’

Sen. Josh Hawley writing book: ‘The Tyranny of Big Tech.’
NEW YORK — Sen. Josh Hawley is working on a book about one of the Missouri Republican’s ongoing targets. Simon & Schuster announced Friday that Hawley’s “The Tyranny of Big Tech” will be released June 21. Hawley has frequently criticized Facebook, Twitter and other social media giants for everything from alleged anti-conservative bias to monopolistic control of the online market.... Read More

S&P/TSX composite edges higher as U.S. stock markets climb, loonie rises

S&P/TSX composite edges higher as U.S. stock markets climb, loonie rises
TORONTO — Gains in the technology sector helped Canada’s main stock index edge up in early trading, while U.S. stock markets climbed higher. The S&P/TSX composite index was up 4.77 points at 16,505.80. In New York, the Dow Jones industrial average was up 124.57 points at 28,618.77. The S&P 500 index was up 11.54 points at 3,494.88, while the Nasdaq... Read More