April 20th, 2021

Business

Inter Pipeline lands $408-million grant for Heartland Petrochemical Complex

By The Canadian Press on April 5th, 2021

CALGARY – Inter Pipeline says it will receive $408 million in cash grants for its Heartland Petrochemical Complex under an incentive program by the current Alberta government but will have to give up $200 million in royalty credits granted by the previous government. In a news release, the Calgary-based company says its $4-billion integrated propane ... Read More »

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S&P/TSX composite hits record high to start trading week, U.S. markets up

By The Canadian Press on April 5th, 2021

TORONTO – Canada’s main stock index set a record high in early trading to start the trading week and U.S. stock markets moved higher after a strong U.S. jobs report on Friday. The S&P/TSX composite index was up 58.20 points in late morning trading at 19,048.52. In New York, the Dow Jones industrial average was ... Read More »

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CN Rail moves record Canadian grain in March and first quarter despite winter weather

By The Canadian Press on April 5th, 2021

MONTREAL – Canadian National Railway says it moved a historic amount of Canadian grain in March, its 13th consecutive record month despite challenging conditions. The Montreal-based railway says it moved 2.95 million tonnes of western Canadian grain, exceeding the previous record of 2.74 million tonnes last year. That’s up 8.8 per cent in one year ... Read More »

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ISM survey: U.S. services surge to record high in March

By Paul Wiseman, The Associated Press on April 5th, 2021

WASHINGTON – The U.S. services sector, which employs most Americans, recorded record growth in March as the easing of coronavirus restrictions released pent-up consumer demand. The Institute for Supply Management, an association of purchasing managers, reported Monday that its nonmanufacturing index rose to an all-time high 63.7 last month from 55.3 in February. The old ... Read More »

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Top court sides with Google in copyright dispute with Oracle

By Jessica Gresko, The Associated Press on April 5th, 2021

WASHINGTON – The Supreme Court is siding with Google in an $8 billion-plus copyright dispute with Oracle. The justices sided with Google 6-2 on Monday. The case has to do with Google’s creation of the Android operating system now used on the vast majority of smartphones worldwide. To create Android, which was released in 2007, ... Read More »

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Investment Canada approves Great Canadian Gaming’s purchase by U.S. fund

By The Canadian Press on April 5th, 2021

TORONTO – Great Canadian Gaming Corp.’s proposed acquisition by a fund affiliated with Apollo Global Management Inc. moved a step closer to completion following approval by Investment Canada. The U.S. buyer received approval under the Investment Canada Act for the investment fund’s $45 per share takeover offer. That follows approvals in December from the Supreme ... Read More »

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Transat AT shares plunge in first trading after Air Canada pulls plug on takeover

By The Canadian Press on April 5th, 2021

TORONTO – Transat AT shares plunged as much as 22.6 per cent in the first day of trading after Air Canada pulled the plug on its takeover of the Montreal-based tour operator over Europe’s unwillingness to approve the deal. Transat shares decreased to a low of $4.25 and were down $1.02 or 18.6 per cent ... Read More »

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Proxy advisory firms: Aphria shareholders should vote in favour of Tilray deal

By The Canadian Press on April 5th, 2021

LEAMINGTON, Ont. – Two independent proxy advisory firms are recommending Aphria Inc. shareholders vote in favour of the cannabis company merging with Tilray Inc. Institutional Shareholder Services Inc. and Glass Lewis and Co., LLC say they support the deal announced in December, that will see Aphria receive 0.8381 shares of Tilray for each Aphria common ... Read More »

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S&P/TSX composite hits record high to start trading week after strong U.S. jobs report

By The Canadian Press on April 5th, 2021

TORONTO – Canada’s main stock index set a record high in early trading to start the trading week and U.S. stock markets moved higher after a strong U.S. jobs report on Friday. The S&P/TSX composite index was up 75.61 points at 19,065.93. In New York, the Dow Jones industrial average was up 299.30 points at ... Read More »

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Corporations gave over $50M to voting restriction backers

By Brian Slodysko, The Associated Press on April 5th, 2021

WASHINGTON – When executives from Coca-Cola and Delta Air Lines spoke out against Georgia’s new voting law as unduly restrictive last week, it seemed to signal a new activism springing from corporate America. But if leaders of the nation’s most prominent companies are going to reject lawmakers who support restrictive voting measures, they will have ... Read More »

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