Category: Investment

Saskatchewan calls Ottawa’s boost to Quebec, Atlantic tourism ‘outrageous’

CanadianInvestor
Saskatchewan calls Ottawa’s boost to Quebec, Atlantic tourism ‘outrageous’
REGINA — Saskatchewan says it wants in on the federal money Ottawa is sending to eastern tourism industries hit by the COVID-19 pandemic. Premier Scott Moe tweeted a letter he sent to the federal economic development minister expressing his disappointment Western Canada was left out of a $46 million package to help tourism in Quebec and Atlantic Canada. Minister Melanie Joly said earlier this week the country’s... Read More

Collision wraps first year online, offering peek into future of tech festivals

CanadianInvestor
Collision wraps first year online, offering peek into future of tech festivals
TORONTO — When Paddy Cosgrave welcomed the world to his annual Collision tech conference on Tuesday, it was far from the event he envisioned when he started planning it last year. Gone was the bustling Enercare Centre floor in Toronto, where start-ups, investors and company head honchos rubbed shoulders last year. The handful of massive stages where celebrities and executives held court... Read More

GFL Environmental signs US$835-million deal to buy assets in 10 U.S. states

CanadianInvestor
GFL Environmental signs US$835-million deal to buy assets in 10 U.S. states
VAUGHAN, Ont. — GFL Environmental Inc. has signed a deal to buy a portfolio of integrated solid waste collection, transfer, recycling and disposal assets in the United States for US$835 million. GFL says the deal will significantly expand its U.S. footprint. The assets are being sold as a result of the acquisition of Advanced Disposal Services Inc. by a wholly... Read More

Indigo loses $171 million in Q4 after taking large impairment, tax charges

CanadianInvestor
Indigo loses $171 million in Q4 after taking large impairment, tax charges
TORONTO — Indigo Books & Music Inc. is reporting a surge in losses caused by non-cash charges in its fiscal year ended March 28. The Toronto-based book, gift and specialty toy retailer says it lost $171.3 million or $6.22 per diluted share in the fourth quarter, compared with a loss of $23.8 million or 86 cents per share a year earlier. Indigo... Read More

WestJet retreats on labour code exemption that would facilitate mass layoffs

CanadianInvestor
WestJet retreats on labour code exemption that would facilitate mass layoffs
WestJet Airlines Ltd. says it has halted its pursuit of a labour code exemption that would have facilitated mass layoffs. WestJet aviation security manager Jared Mikoch-Gerke told the House of Commons health committee Monday the airline had revoked its request for exemption from Canada Labour Code provisions that require 16 weeks’ notice ahead of a mass layoff, which refers to... Read More

CMHC expects lower demand for housing as economy takes COVID-19 hit

CanadianInvestor
CMHC expects lower demand for housing as economy takes COVID-19 hit
OTTAWA — Canada Mortgage and Housing Corp. expects a drop in home prices in the country’s biggest cities amid “severe declines” in home sales and construction. The federal housing agency says a combination of factors related to the pandemic, such as higher unemployment and lower income, will slow housing starts and push sales and home prices below pre-COVID levels. CMHC says the market likely won’t see a return to... Read More

Solutions for DTC Eligibility

CanadianInvestor
Solutions for DTC Eligibility
Headquartered in Calgary, Alberta, with an office in Vancouver, British Columbia, Olympia Trust Company provides a number of valuable services through its Corporate & Shareholder Services division for existing companies, entrepreneurs wishing to list their private company on a stock exchange, and individual investors. As transfer agent, Olympia Trust maintains the shareholder register for both public and private companies and plays a... Read More

Airlines face MPs’ frustration over health concerns, lack of refunds

CanadianInvestor
Airlines face MPs’ frustration over health concerns, lack of refunds
Airlines faced a tough reception at the House of Commons health committee Monday as MPs grilled them on the lack of refunds for customers whose flights were cancelled due to the COVID-19 pandemic. Parliamentarians from the three main opposition parties demanded to know why Canadians who paid for a service that was never delivered have yet to get their money back.... Read More

Winnipeg plant gets $100M in federal financing to pull protein from peas, canola

CanadianInvestor
Winnipeg plant gets $100M in federal financing to pull protein from peas, canola
OTTAWA — The federal government is helping finance an innovative, new agricultural production plant in Winnipeg that turns peas and canola into protein powders for the food industry. Merit Functional Foods Corp. plans to have its new 94,000-square-foot production plant at Winnipeg’s Centreport running by the end of the year. There it will extract protein from peas and canola seeds for... Read More