Aecon Group joint venture wins Enbridge Line 3 replacement contract

Aecon Group joint venture wins Enbridge Line 3 replacement contract
TORONTO — Aecon Group Inc. says its joint venture with Robert B. Somerville Co. Ltd. has won a $282-million contract for a work on Enbridge Inc.’s Line 3 replacement project in Manitoba. The work includes constructing 92.2 kilometres of pipeline in the area of Brandon, Man., and 96.5 km of pipeline near Morden, Man. Construction is expected to start in... Read More

NAFTA talks hurt Canadian exporters even before trade dispute escalation: poll

NAFTA talks hurt Canadian exporters even before trade dispute escalation: poll
OTTAWA — A growing number of Canadian exporters were saying the NAFTA talks were having a negative impact on their operations even before the trade dispute with the United States escalated in recent weeks. A survey done for Export Development Canada found 28 per cent of the 1,000 exporters asked said the NAFTA talks had a negative impact on their... Read More

Stampede spirit boosts attendance but Calgary economy still in recovery mode

Stampede spirit boosts attendance but Calgary economy still in recovery mode
Calgary’s economy is looking good as Stampede spirit grips Canada’s oil and gas headquarters city — although not quite as good as it was a few years ago. The annual outdoor event set an attendance record for its parade day last Friday and cumulative attendance through Tuesday is second only to the overall record set in 2012 when the Stampede celebrated its 100th anniversary. Ben Gerwing, president of manufacturer... Read More

Let private firms shoulder risk in choosing ports to expand in Nova Scotia:study

Let private firms shoulder risk in choosing ports to expand in Nova Scotia:study
HALIFAX — A new study says the Nova Scotia and federal governments should shy away from putting public cash into new port infrastructure in the province. The document, paid for by the Atlantic Canada Opportunities Agency and the province’s Transportation Department, describes challenges faced by the Port of Halifax and proposed container port facilities in the Strait of Canso and in Sydney. It says a large public investment would... 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

Taiga Building Products Ltd. to buy Exterior Wood Inc. for $55 million

Taiga Building Products Ltd. to buy Exterior Wood Inc. for $55 million
BURNABY, B.C. — Taiga Building Products Ltd. has signed a deal to buy Exterior Wood Inc. for about $55 million. The company says the acquisition of Exterior Wood and the expansion of its wood treatment business is a significant step forward in its strategy of pursuing value enhancing opportunities. Headquartered in Burnaby, B.C., Taiga will acquire all of the issued... 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 (16,179.89, down 51.36 points) Canopy Growth Corp. (TSX:WEED). Health care. Up $3.58, or 9.69 per cent, to $40.51 on 10.9 million shares. Aurora Cannabis Inc. (TSX:ACB). Health care. Up 45 cents, or 5.02 per cent, to $9.41 on 9.6 million shares. Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Up... Read More

Canadian hyperloop company says governments need to support innovation

Canadian hyperloop company says governments need to support innovation
A Canadian hyperloop company is threatening to relocate its headquarters to Europe unless it secures political support at home for its technology that would transport goods and passengers through tubes at airplane speeds. “Unfortunately we didn’t get the required support so we’re starting the testing in France,” Sebastien Gendron, co-founder and CEO of TransPod Inc. said in an interview from Europe. He said it... Read More

Predictions of pipeline protest violence derided by organizers from both sides

Predictions of pipeline protest violence derided by organizers from both sides
CALGARY — Pro-pipeline activists who hit the streets in increasing numbers this year to try to drown out anti-pipeline picketers plan to continue to confront their adversaries, even in the face of predictions of protest line violence. Stay-at-home mom and part-time activist Nicole Wapple, 37, of Red Deer, Alta., has been posting information on social media and occasionally taking part in protests for about two years since co-founding... Read More

Finance ministers talk trade as feds told to ‘look before you leap’ on tariffs

Finance ministers talk trade as feds told to ‘look before you leap’ on tariffs
OTTAWA — Finance ministers from across the Canadian federation were gathered Tuesday in the national capital to explore a number of challenges weighing on their economies — with a particular focus on the intensifying trade dispute with the United States. The twice-yearly gathering of finance chiefs began just days before Canada is set to impose retaliatory tariffs on U.S. products. The federal government’s move,... Read More