August 19th, 2019

Business

Bonterra has 70 workers cleaning up oil spill site in Alberta creek

By The Canadian Press on August 19th, 2019

DRAYTON VALLEY, Alta. – Bonterra Energy Corp. says it has 70 workers cleaning up the site of an oil emulsion leak from a pipeline into a creek that feeds the North Saskatchewan River in west central Alberta. In an update posted on its website Monday, the Calgary-based oil and gas producer says clean up and ... Read More »

Be the first to comment!

Quebecor CEO dangles offer for Transat if Air Canada deal can’t take off

By The Canadian Press on August 19th, 2019

MONTREAL – The head of Quebec telecommunications giant Quebecor Inc. is dangling a potential offer for Transat A.T. if the tour operator’s shareholders or regulatory authorities block Air Canada’s $720-million offer. Pierre Karl Peladeau, who says he owns about 1.6 per cent of the outstanding shares of Air Transat’s parent company, says he plans to ... Read More »

Be the first to comment!

Canadian and U.S. stock markets push higher in late-morning trading

By The Canadian Press on August 19th, 2019

TORONTO – Canada’s main stock index posted a triple-digit advance in late-morning trading, while U.S. stock markets also moved higher. The S&P/TSX composite index was up 127.35 points at 16,277.14. In New York, the Dow Jones industrial average was up 264.76 points at 26,150.77. The S&P 500 index was up 34.75 points at 2,923.43, while ... Read More »

Be the first to comment!

Disney Plus streaming service to launch in Canada on Nov. 12 for $8.99 a month

By The Canadian Press on August 19th, 2019

BURBANK, Calif. – The Walt Disney Company says it will launch its Disney Plus streaming service in Canada in mid-November, taking on Netflix and other services as consumers increasingly drop traditional cable. The California-based entertainment giant says Nov. 12 marks the global launch of the service, starting with the U.S., Canada, and the Netherlands. It ... Read More »

Be the first to comment!

Catalyst Capital Group buys nearly 18.5M HBC shares in tender offer

By The Canadian Press on August 19th, 2019

TORONTO – The Catalyst Capital Group Inc. says it has acquired nearly 18.5 million shares in Hudson’s Bay Co., a roughly a 10.05 per cent stake in the company, as a result of its tender offer. The investment firm, which opposes a proposal to privatize the retailer, says it paid $187 million or $10.11 per ... Read More »

Be the first to comment!

Goldman Sachs unit invests in Toronto-based Slate Asset Management

By The Canadian Press on August 19th, 2019

TORONTO – Goldman Sachs’ asset management-focused unit has taken a minority stake in Toronto-based alternative investment firm Slate Asset Management LP. Slate announced a passive, non-voting minority equity investment from Goldman Sachs Asset Management’s Petershill program, but did not disclose the financial terms. The Toronto-based firm with a focus on real estate and real assets ... Read More »

Be the first to comment!

Ontario cannabis retailer returns $2.9M in CannTrust products to company

By The Canadian Press on August 19th, 2019

VAUGHAN, Ont. – CannTrust Holdings Inc. says the Ontario government’s cannabis retailer is returning all of the company’s products it has because they do not conform with the terms of its master cannabis supply agreement. The company says the total value of the products is about $2.9 million. The move by the provincial retailer comes ... Read More »

Be the first to comment!

Pipeline rupture sends 40,000 litres of oil into Alberta creek

By The Canadian Press on August 18th, 2019

DRAYTON VALLEY, Alta. – The Alberta Energy Regulator says a pipeline has spilled 40,000 litres of crude oil into a creek. The regulator says on its website that the incident happened Thursday on a Bonterra Energy Corp. line 14 kilometres south of Drayton Valley, Alta. It says the line was shut in and depressurized, and ... Read More »

Be the first to comment!

Ending a drought for R-rated comedies, ‘Good Boys’ is No. 1

By Jake Coyle, The Associated Press on August 18th, 2019

NEW YORK – The R-rated comedy, left for dead by some Hollywood studios, again reached No.1 at the box office over the weekend thanks to the raunchy coming-of-age tale “Good Boys,” about a trio of 12-year-olds on a crude misadventure. “Good Boys” surpassed expectations to debut with $21 million, according to studio estimates Sunday, dethroning ... Read More »

Be the first to comment!

‘Good Boys’ is No. 1, ends a drought for R-rated comedies

By Jake Coyle, The Associated Press on August 18th, 2019

NEW YORK – The raunchy coming-of-age tale about a trio of 12-year-olds “Good Boys” is the first R-rated comedy in the last three years to open No. 1 at the box office. “Good Boys” surpassed expectations to debut with $21 million over the weekend, according to studio estimates Sunday. Not since Melissa McCarthy’s “The Boss” ... Read More »

Be the first to comment!

Five things to watch for in the Canadian business world in the coming week

By The Canadian Press on August 18th, 2019

TORONTO – Five things to watch for in the Canadian business world in the coming week: July inflation Statistics Canada will release its consumer price index for July on Wednesday. The agency reported last month that the annual inflation number for June hit the Bank of Canada’s ideal target as it came down from 2.4 ... Read More »

Be the first to comment!