Rona’s ‘truly Canadian,’ ‘proudly Canadian’ signs inaccurate, Ad Standards says

Rona’s ‘truly Canadian,’ ‘proudly Canadian’ signs inaccurate, Ad Standards says
TORONTO — Ad Standards says Rona Inc.’s “truly Canadian” and “proudly Canadian” store signs are inaccurate since the company has been acquired by a U.S. firm. The advertising industry’s self-regulatory body says it received two complaints about the accuracy of the large outdoor signs located on some of the home improvement stores. In May 2016, North Carolina-based Lowe’s Companies Inc. acquired... Read More

WSP Global to buy Dutch consulting firm Lievense Holding for undisclosed amount

WSP Global to buy Dutch consulting firm Lievense Holding for undisclosed amount
MONTREAL — WSP Global Inc. says it has bought Dutch consulting firm Lievense Holding B.V. for an undisclosed amount as it continues its global expansion plans. Montreal-based WSP says it will pay for the acquisition, its seventh of the year, through available cash and credit facilities. The engineering and design company says the acquisition of the 375-employee Lievense firm gives it a... Read More

Thomson Reuters buys business conference organizer FC Business Intelligence

Thomson Reuters buys business conference organizer FC Business Intelligence
TORONTO — Thomson Reuters Corp. says it has acquired FC Business Intelligence, an organizer of business conferences. Financial terms of the deal were not disclosed. The company says the business will be rebranded Reuters Events. It will be operated as part of the Reuters News division of Thomson Reuters. FCBI organizes conferences and exhibitions for a range of sectors including... Read More

Unifor president says GM could face strike in Canada if trust is not restored

Unifor president says GM could face strike in Canada if trust is not restored
TORONTO — The massive employee strike that hit General Motors in the U.S. on Monday could migrate to Canada next year if trust is not restored, said Unifor president Jerry Dias. “Canadian workers and American autoworkers feel the exact same way. They feel betrayed,” Dias said in a phone interview. The union head pointed to plant cutbacks and closures on both sides of... Read More

Tolko announces mill closure in B.C., putting 127 off the job in Kelowna

Tolko announces mill closure in B.C., putting 127 off the job in Kelowna
VERNON, B.C. — Tolko Industries is cutting back its operations at a lumber mill in Kelowna, affecting 127 jobs as the company becomes the latest in the industry to announce a shutdown in British Columbia. Tolko Industries says high log costs and poor North American market conditions are behind the curtailment of its Kelowna operation for an indeterminate period of time. Troy Connolly,... Read More

Interfor closes B.C. sawmill in latest blow for troubled lumber industry

Interfor closes B.C. sawmill in latest blow for troubled lumber industry
VANCOUVER — Interfor Corp. plans to permanently close its Hammond sawmill in Maple Ridge, B.C., affecting more than 100 workers. The Vancouver-based company says the closure is part of a reorganization of its forestry and woodlands operations amid tight supplies of logs for processing. It says the shutdown will be complete by the end of 2019, after the mill’s remaining... Read More

First-quarter update: Saskatchewan surplus projection shrinks $9 million

First-quarter update: Saskatchewan surplus projection shrinks $9 million
SASKATOON — The Saskatchewan government says its first budget update of the fiscal year shows the province is still on its way to balancing the books. The government’s first-quarter results project the province will finish the year with a surplus of nearly $26 million — almost $9 million less than what was expected when the budget was released in the spring. It says the reduction is due to... Read More

WSP Global extends buying spree as it moves to overtake SNC-Lavalin

WSP Global extends buying spree as it moves to overtake SNC-Lavalin
MONTREAL — WSP Global Inc. is extending its shopping spree with the purchase of U.S. environmental consulting firm Ecology and Environment Inc. — WSP’s fifth acquisition this year. The Montreal-based engineering company says it will pay US$65.1 million for E&E, which has 775 employees and generated US$75.5 million in net revenue last year. The New York-based firm generates 80 per cent of... Read More

Interfor CEO Duncan Davies stepping down from top job at end of year

Interfor CEO Duncan Davies stepping down from top job at end of year
VANCOUVER — Forestry company Interfor Corp. says chief executive Duncan Davies will step down at the end of the year and be replaced by Ian Fillinger, the company’s chief operating officer. Davies will also step down as a director of the company, but has agreed to remain in an advisory capacity through the end of next year. He joined Interfor... Read More

SNC-Lavalin faces renewed questions over future following bombshell report

SNC-Lavalin faces renewed questions over future following bombshell report
MONTREAL — SNC-Lavalin’s sudden return to the spotlight brings renewed focus on the beleaguered engineering firm’s health, along with the potential economic consequences if it continues its path of decline. SNC-Lavalin Group Inc.’s bidding prospects, reputation and stock price have been causes for concern in a year that has seen its own financial woes conflated with its role in a political scandal that continues to dog Prime Minister Justin Trudeau. Canada’s ethics commissioner said Wednesday... Read More