Ottawa says Japan has resumed Canadian wheat imports after temporary suspension

Ottawa says Japan has resumed Canadian wheat imports after temporary suspension
Ottawa says Japan has ended its temporary suspension of Canadian wheat imports. Japan had halted shipments after some unauthorized genetically modified wheat was found in southern Alberta. Ottawa says the decision marks an end to all international trade actions arising from the discovery on June 14. South Korea resumed shipments late last month. Modified wheat is not approved for commercial... Read More

Saskatchewan finishes 2017-18 with smaller deficit; still $303M in red

Saskatchewan finishes 2017-18 with smaller deficit; still $303M in red
REGINA — Stronger that expected resource revenue helped the Saskatchewan government finish the last fiscal year with a deficit almost $400 million smaller than initially forecast. The province finished 2017-18 spending $303 million more than it took in. But that’s $393 million better than what was projected in last year’s budget. Finance Minister Donna Harpauer says a stronger performance in the oil and potash sectors helped. Other factors included an increase... Read More

Judge: Experts can testify that Roundup linked to cancer

Judge: Experts can testify that Roundup linked to cancer
SAN FRANCISCO — Evidence that Roundup weed killer can cause cancer seems “weak,” but experts can still make that claim at trial, a U.S. judge ruled Tuesday. The decision by U.S. District Judge Vince Chhabria in San Francisco allows hundreds of lawsuits against Roundup’s manufacturer, Monsanto, to move forward. The lawsuits by cancer victims and their families say the agrochemical... Read More

Spark Power acquires green energy provider Bullfrog Power, terms not available

Spark Power acquires green energy provider Bullfrog Power, terms not available
TORONTO — Independent electrical power services company Spark Power Corp. has acquired Bullfrog Power, a green energy provider. Canaccord Genuity Acquisition Corp., which announced a proposed merger with Spark Power last month, announced the deal Wednesday. Financial terms of the agreement were not immediately available. Spark Power co-CEO Andrew Clark says the combination of the companies gives Spark an integrated... Read More

South Korea joins Japan in halting Canadian wheat imports after GMO plants found

South Korea joins Japan in halting Canadian wheat imports after GMO plants found
CALGARY — South Korea has joined Japan in suspending trade in Canadian wheat following the discovery of genetically modified plants in southern Alberta. Global Affairs spokesman Jesse Wilson says it’s standard protocol in both countries to temporarily close markets in such cases. The Canadian Food Inspection Agency said last week that it tested plants that survived spraying for weeds and found... Read More

Japan halts wheat imports after genetically modified wheat found in Alberta

Japan halts wheat imports after genetically modified wheat found in Alberta
CALGARY — The Canadian government is trying to reassure Japan and other trading partners that genetically modified wheat found in southern Alberta is limited to a few plants growing along a remote access road and has not been detected in the wider supply. Japan has temporarily halted imports of Canadian wheat as it reviews the tests that Canadian officials have already done,... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (16,143.55, up 35.49 points) Aurora Cannabis Inc. (TSX:ACB). Healthcare. Down 26 cents, or 3.49 per cent, to $7.20 on 8.4 million shares. Cenovus Energy Inc. (TSX:CVE). Oil and gas. Up 40 cents, or 2.87 per cent, to $14.32 on 7.8 million shares. Baytex Energy Corp. (TSX:BTE). Oil and gas. Up... Read More

Nutrien sells stake in Chilean lithium producer for $5.2B to lift balance sheet

Nutrien sells stake in Chilean lithium producer for $5.2B to lift balance sheet
SASKATOON — Fertilizer giant Nutrien Inc. says it has reached a deal to sell a partial stake in a Chilean lithium and nutrient producer to Tianqi Lithium Corp. for about $5.2 billion. The Saskatoon-based company says under terms of the agreement, it will sell all of its 62.6 million class A shares in Sociedad Quimica y Minera de Chile S.A. for $83.20 each, while retaining its... Read More

Nutrien blames late spring, rail delivery woes for $1M Q1 net loss

Nutrien blames late spring, rail delivery woes for $1M Q1 net loss
SASKATOON — Nutrien Ltd. says a tough winter that slowed potash shipments to Canadian ports and a late spring start to planting season in Canada and the U.S. are responsible for a first-quarter net loss of $1 million. The company formed at the start of the year out of the merger of Potash Corp. and Agrium Inc. earned 16 cents per share in the three... Read More

Fertilizer giant Nutrien to temporarily lay off up to 1,300 in Saskatchewan

Fertilizer giant Nutrien to temporarily lay off up to 1,300 in Saskatchewan
REGINA — Fertilizer giant Nutrien Ltd. says it will temporarily lay off up to 1,300 workers at two of its potash mines in Saskatchewan. The layoffs are to affect staff at the Vanscoy mine this month and the Allan mine in early May. Will Tigley, a company spokesman, says some essential staff would remain at both facilities. According to Nutrien, the layoff... Read More