Industry
Construction
Trans Mountain outlines construction plans for Alberta, BC
Work will include development of the Westridge Marine Terminal tunnel portal at Burnaby Mountain.
Canada launches second drywall dumping complaint investigation in two years
US manufacturers accused of dumping 54-inch gypsum boards, distorting the Western Canada market.
Statistics Canada says trade deficit narrowed to $1.9B in April
Canadian exporters in for a rough ride, says TD.
Canada blocks Aecon takeover by Chinese state owned firm
National security cited following a full review under the Investment Canada Act.
Developer pushes back construction of Nova Scotia rocket launch site
$200-million project could eventually see as many as 12 satellites blast into orbit per year.
Aecon reports loss of $19.2M, takeover deal still unresolved
Booked $910 million in new contract awards in the quarter ending March 31.
Construction robots weld, bolt, lift to beat worker shortage
If they work successfully, the robot will help reduce safety risks and long hours for construction workers.
Savings review for Gordie Howe bridge ordered over cost concerns
Federal spending projections account for some $4.8 billion in costs.
[UPDATE] Aecon security review extends deadline to complete CCCI deal
Was to wrap last week after 45 days, Bains won’t say if the review is extended, or what’s being examined.
Aecon sale faces federal reviews encountered by Potash Corp., Norsat and others
Cabinet has ordered a further investigation of the deal under the Investment Canada Act.
Federal government gave millions to Irving’s Atlantic Wallboard subsidiary
Records show drywall manufacturer has not been required to repay at least $35 million.
New Montreal bridge currently being built had 2,000 defects: report
Defects include porous steel plates; incomplete or non-existent soldering; defective bolts.
Liberals warned to be careful before approving China bid for Calgary’s Aecon
But rejecting the deal would anger China, which is anxious to start free trade talks with Canada.
Trudeau on pace to lead all PMs in per-person federal debt
Based on accumulation outside world wars or economic recessions.
Softwood dispute will only push cost of rebuilding Houston higher: Scotiabank
At least 200,000 houses damaged by the hurricane; ultimate cost will reach upwards of $150 billion.
