WestJet Airlines Ltd. says its shareholders and optionholders voted to approve a proposed acquisition by Onex Corporation in a special meeting held Tuesday.
Category: Canada
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Canada to invest in satellite technology to connect rural, remote areas
The federal government is making a big funding announcement Wednesday alongside a Canadian company that’s developing satellite technology to expand high-speed Internet access in rural and remote regions.
Transat co-founder could make more than $17M from sale to Air Canada
The co-founder of the company that owns Air Transat stands to make more than $17 million from the sale of the tour operator he co-founded.
Harley-Davidson downshifts forecast as tariffs cause motorbike sales to sputter
Harley-Davidson Inc. on Tuesday trimmed guidance for shipments of its motorcycles in 2019 after worldwide sales in the second quarter slumped, hurt by higher tariff costs as well as weak demand in the United States.
U.S. Justice Department opens antitrust investigation of tech companies
The U.S. Department of Justice has opened a sweeping antitrust investigation of big technology companies and whether their online platforms have hurt competition, suppressed innovation or otherwise harmed consumers.
Huawei hit with security questions as it unveils high-speed rural internet project
Huawei Canada was hounded by questions about national security concerns and its ties to the Chinese government today as it announced that it will bring high-speed internet to a number of northern and rural communities.
Pipeline spill in northwest Alberta releases 100,000 litres of contaminated water
A pipeline spill in northwest Alberta last week that released 100,000 litres of water laden with salt and hydrocarbons is being cleaned up.
Equifax to pay up to $700M in U.S. to settle data breach, but Canada is not included
Credit monitoring firm Equifax has agreed to pay up to $700 million in fines and penalties to settle with various U.S. regulatory bodies over the massive data breach that saw the personal information of almost 150 million people stolen in 2017.
Calgary-based AltaGas selling U.S. solar, fuel cell power plants for $940M
AltaGas Ltd. says it is selling its portfolio of U.S. distributed electricity assets held by subsidiaries WGL Energy Systems and WGSW Inc. to TerraForm Power, an affiliate of Brookfield Asset Management, for $940 million.
SNC-Lavalin shares fall to lowest since 2005 as company announces plans to exit many lines of work
Canadian engineering giant SNC-Lavalin announced a major organizational change on Monday, one that will see the company possibly get out of the oil and gas business, and stop pursuing a different type of contracting work entirely.