CALGARY - Canadian Utilities Ltd. and its partner Quanta Services Inc. have signed a deal to sell Alberta PowerLine for approximately $300 million and the assumption of $1.4 billion of debt.
Calgary has been selected to host the World Petroleum Congress in 2023, beating out four other global cities in voting that took place in St. Petersburg, Russia.
CALGARY - Third-generation farmer Ron Lamb remembers his father pulling six-metre-wide crop-seeding equipment around his southern Alberta grain fields in the 1990s, overlapping on each pass to make sure he covered all the ground.
PARIS - A frothing cherub fountain constructed of striped fabric drew the eyes and camera lenses of VIP guests at Thom Browne's fantastical Paris Fashion Week show on Saturday. Here are highlights from Browne and other designers for spring-summer 2020 menswear, including the many houses show…
LOS ANGELES - California is planning to intensify its enforcement against the state's thriving illegal marijuana market, including launching an ad campaign Friday that urges consumers to seek out licensed shops with safe products.
NEW YORK - All 18 of the nation's largest and most complex banks are strong enough to withstand a severe economic downturn and would be able to stay in business without collapsing, the Federal Reserve said Friday.
About one-quarter of votes cast by Hudson's Bay Co. shareholders opposed the company's multi-million dollar payouts to top executives for the second year in a row at an unusually secretive annual general meeting on Wednesday.
TORONTO - North American stock indexes capped off a strong week with the Dow Jones industrial average and S&P 500 hitting record highs on Friday as investors responded to potential rate cuts from the U.S. Federal Reserve.
CALGARY - The National Energy Board has issued a certificate for the Trans Mountain pipeline expansion after it was approved by Ottawa on Tuesday but is seeking input from affected parties and the public on its resumption of regulatory processes.
Canopy Growth Corp's better-than-expected fourth-quarter revenues weren't enough to quell investor concern as the cannabis company's expenses ballooned, its net loss widened and medical and recreational sales activity slowed from the previous quarter.
MONTREAL - Desjardins Group is facing a legal backlash after a pair of class-action lawsuits were initiated in connection with a data breach affecting nearly three million members.
SALINE, Mich. - About 1,900 workers at a key auto parts plant near Detroit have ended a nine-hour strike after reaching a tentative deal with a parts supply company.
OTTAWA - Statistics Canada says retail sales edged up 0.1 per cent in April to $51.5 billion, boosted by food and drink sales and higher prices for gasoline.
BANGKOK - Global stock markets were subdued Friday as investors became more cautious after the S&P 500 hit a record close and amid heightened tensions in the Persian Gulf between the U.S. and Iran. The price of oil continued to rise.
TORONTO - Thomson Reuters Corp. says it has signed a deal to acquire Confirmation, a provider of secure audit confirmation services.
NEW YORK - Inside an Indiana aquafarming complex, thousands of salmon eggs genetically modified to grow faster than normal are hatching into tiny fish. After growing to roughly 10 pounds (4.5 kilograms) in indoor tanks, they could be served in restaurants by late next year.
NEW YORK - Naomi Wolf says she has no hard feelings about the BBC interviewer who pointed out errors in her new book, "Outrages," which has been delayed for release in the U.S. against her wishes.
HALIFAX - The accounting firm investigating the unseemly demise of Canada's QuadrigaCX cryptocurrency exchange is accusing the company's late founder of creating fake trades and transferring customer funds into his personal accounts, where the money was used for high-risk trading and to enri…
MIAMI - Shares of cruise line operator Carnival Corp. fell Thursday after the company reported a 20% drop in quarterly profit and cut its full-year earnings forecast partly because of the Trump administration's decision to ban cruises between the U.S. and Cuba.
MONTREAL - Newfoundland and Labrador has achieved a rare win in its long-standing battle with Hydro-Quebec over a 50-year-old agreement on sales of power from the Churchill Falls generating station.
MONTREAL - Desjardins Group said Thursday a former employee shared the personal information of more than 2.9 million of its members with individuals outside of the organization in a “malevolent” act.
TORONTO - North American stock markets moved higher Thursday, with the S&P 500 setting a new record on anticipation of U.S. interest rate cuts while the price of gold rose to a near six-year high.
GATINEAU, Que. - A former regional vice-president for the Dessau engineering firm has pleaded guilty to participating in a bid-rigging scheme that cost the City of Gatineau, Que., an estimated $1.8 million.
TORONTO - Canopy Growth Corp. aims to have cannabis-infused beverages and edibles in market by December in time for the holidays or New Year's Eve celebrations, but starting with select markets and a smaller range of products at the outset.
MONTREAL - The former head of Otera Capital, a subsidiary of the Caisse de depot pension fund manager, is seeking about $7.35 million in a wrongful dismissal lawsuit.
Two McDonald's Canada restaurants will soon be testbeds for the company's greener packaging initiatives, serving wooden cutlery, paper straws and other recycling-friendly packaging.
A Senate committee has recommended that Ottawa push forward with a framework to facilitate open banking, a concept that would allow third-parties like financial technology startups access to banking data to develop innovative services.
TORONTO - Canada could reach an oversupply of legal pot as soon as the end of this year, depending on how the rollout of edibles and other next-generation products impacts supply, a U.S. cannabis research analyst says.
MONTREAL - Fontaine Sante Foods is expanding in the United States with the acquisition of the Garden Fresh Gourmet, a subsidiary of Campbell Soup Co.
OTTAWA - The federal government has approved a merger between two northern air carriers that Canada's competition watchdog has said would amount to a monopoly on key routes.
SMITHS FALLS, Ont. - Canopy Growth Corp. says its shareholders approved transactions connected to the company's proposed acquisition of U.S. cannabis company Acreage Holdings.
TORONTO - Canada's main stock index closed slightly higher Wednesday after the U.S. Federal Reserve kept its key interest rate unchanged but indicated it's prepared to cut it if economic stimulus is needed.
MALIBU, Calif. - A plan by U2 guitarist The Edge to build a cluster of mansions on a ridgeline above Malibu appears to be dead after California's highest court declined to consider his last-ditch appeal.
PARIS - The photogenic front row at Valentino's show had "Riverdale" actor Charles Melton, NBA player Jaylen Brown and Stevie Wonder's model son Kailand Morris among the seated notables, ensuring cameras stayed busy snapping at Paris Fashion Week.
OTTAWA - The annual pace of inflation picked up in May as the consumer price index rose 2.4 per cent compared with a year ago, its largest increase since October last year, Statistics Canada said Wednesday.
TORONTO - Shopify Inc. has launched a network of fulfilment centres in the United States to expand its suite of offerings for merchants in the competitive world of online retail.
CannTrust Holdings Inc. plans to enter the U.S. market for CBD, starting with a hemp production joint-venture in California, it said on Wednesday.
SACRAMENTO, Calif. - A California utility agreed Tuesday to pay $1 billion to 14 local governments to cover damages from a series of deadly wildfires caused by its downed power lines.
CALGARY - Ottawa's approval of the Trans Mountain pipeline expansion pleased business leaders on Tuesday but they say they will hold off on popping champagne corks until construction begins on new pipe from Edmonton to the West Coast.
WASHINGTON - President Donald Trump said he'll hold trade talks with Chinese President Xi Jinping next week at a summit of nations in Japan. And U.S. and Chinese negotiators will resume talks before the leaders meet.
SAINT JOHN, N.B. - Food and lifestyles guru Martha Stewart says the recipe for success she has followed throughout her career also applies to cannabis companies — offer quality products at fair prices.
OTTAWA - The final version of a new Liberal telecommunications policy, in effect as of Tuesday, takes steps to address industry concerns while maintaining a more consumer-oriented direction than the 2006 policy it replaces.