Category: Investment

Aimia to launch Aeroplan charter airline after end of Air Canada partnership

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Aimia to launch Aeroplan charter airline after end of Air Canada partnership
MONTREAL — Aeroplan aims to get into the airline business by offering charter flights to its most popular destinations as the loyalty program prepares for the end of its exclusive partnership with Air Canada in 2020. “We have routes where we have enough redemption demand today that we can fly a daily charter throughout the year on some particular routes,” Jeremy Rabe said in... Read More

Tilray shares up as much as 28 per cent in Nasdaq trading after IPO

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Tilray shares up as much as 28 per cent in Nasdaq trading after IPO
NANAIMO, B.C. — Shares of cannabis producer Tilray Inc. rose as much as 28 per cent today after they began trading on the Nasdaq market. The stock was priced at US$17 per share in its initial public offering, but shares were trading at US$21.82 at midday. Tilray is the third cannabis producer to list its shares on a U.S. exchange, following Canopy Growth Corp.... Read More

NSLC president offers glimpse inside Nova Scotia’s ‘unique’ cannabis stores

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NSLC president offers glimpse inside Nova Scotia’s ‘unique’ cannabis stores
HALIFAX — The Nova Scotia Liquor Corp. offered a glimpse inside one of its coming cannabis stores Wednesday, showcasing a unique retail hybrid not likely found anywhere else in the world. NSLC president and CEO Bret Mitchell took media on a tour of the cannabis store that’s inside the NSLC on Joseph Howe Drive in Halifax, saying Nova Scotia is the only jurisdiction that brings cannabis... Read More

Aecon Group joint venture wins Enbridge Line 3 replacement contract

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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

SNC-Lavalin and Holtec form joint venture to decommission nuclear plants

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SNC-Lavalin and Holtec form joint venture to decommission nuclear plants
MONTREAL — SNC-Lavalin Group Inc. and Holtec International have announced a joint venture that will focus on the decommissioning of shuttered nuclear power plants. Terms of the agreement were not immediately available. The company to be named Comprehensive Decommissioning International LLC will be based in Camden, N.J. The joint venture expands an existing collaboration between the companies on Holtec’s small... Read More

Cannabis company Aphria expands to South America, Jamaica with acquisition

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Cannabis company Aphria expands to South America, Jamaica with acquisition
LEAMINGTON, Ont. — Aphria Inc. says it’s preparing to expand its cannabis business into South America and Jamaica by acquiring a subsidiary of Scythian Biosciences Inc. for an undisclosed price. The Ontario-based company says it will establish a presence in Colombia and several other countries by acquiring several companies through the purchase of Scythian’s LATAM Holdings Inc. Aphria’s Colombian operation will be anchored by Colcanna... Read More

A founder of WestJet and JetBlue commits to order 60 A220s for new U.S. airline

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A founder of WestJet and JetBlue commits to order 60 A220s for new U.S. airline
One of the founders of WestJet Airlines Ltd. and JetBlue Airways Corp. has committed to buy 60 Airbus A220-300 aircraft for a new U.S. airline he’s launching. A memorandum of understanding for the aircraft which was developed by Bombardier Inc. was announced at the Farnborough Air Show. The deal is worth US$5.4 billion at list prices, but airlines typically receive... Read More

Lundin Mining to make restructured $1.4-billion cash offer for Nevsun Mining

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Lundin Mining to make restructured $1.4-billion cash offer for Nevsun Mining
TORONTO — Lundin Mining says it plans to make a restructured $1.4-billion cash offer for Nevsun Resources after a previous attempt fell through. In May, the Toronto-based mining company partnered with Euro Sun Mining Inc. on a roughly $1.5-billion takeover offer that was a combination of cash as well as shares in both Lundin and Euro Sun. Nevsun’s board rejected the previous offer because... Read More

Most actively traded companies on the TSX

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Most actively traded companies on the TSX
Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (16,494.73, down 66.39 points) Aurora Cannabis Inc. (TSX:ACB). Healthcare. Down 56 cents, or 6.50 per cent, to $8.06 on 8.4 million shares. Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Down 20 cents, or 3.70 per cent, to $5.21 on 6.8 million shares. Baytex Energy Corp. (TSX:BTE). Oil and gas. Down 25... Read More

Imperial Oil’s Kearl oilsands tailings plan wins conditional AER approval

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Imperial Oil’s Kearl oilsands tailings plan wins conditional AER approval
CALGARY — The Alberta Energy Regulator has conditionally approved a tailings pond management plan for the five-year-old Kearl oilsands mine in northern Alberta. The plan is the sixth since last fall to win interim approval despite the regulator’s reservations about the applicants’ ability to remediate the lakes of contaminated water created in the oilsands mining process. The AER says in its Kearl decision that it... Read More