Operations
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Samuel acquires 100% of additive maker Burloak Technologies
Metals and industrial products manufacturer acquired its Burloak minority stake in 2017.
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SNC-Lavalin announces Jeff Bell as new chief financial officer
Bell is a former group chief financial officer for British energy services firm Centrica
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Tesla stock is soaring. Madness or visionary investing?
Tesla is now worth more than General Motors, Ford and Fiat Chrysler combined, even though the Big Three together sell more cars and trucks in two weeks than Tesla does in a whole year
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Cott signs deal to sell S&D Coffee and Tea to Westrock Coffee
Part of the Mississauga beverage maker’s plan to focus on its water business.
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Amazon is big … really, really big; U.S. workforce hits 500K
Amazon’s growth comes with increased scrutiny, as some U.S. presidential candidates want to break it up
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Quebec billionaire Lawrence Stroll acquires stake in Aston Martin
Under an agreement announced Jan. 31, the group led by Stroll will inject $316 million to acquire a 16.7% stake in the automaker
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Industry group forecasts $2B rise in oil and gas spending this year
After spending declines in four of the past five years, about 6% more will be invested in the Canadian upstream sector this year compared with 2019
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Superior Plus to keep specialty chemicals business after strategic review
The company also announced that it was restarting its dividend reinvestment program
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In grinding manufacturing slump, 3M cuts another 1,500 jobs
The latest round equates to about 1.5% of 3M’s global workforce.
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SNC-Lavalin recruits ex-Bombardier exec to lead transformation
Veronneau, who led negotiations to sell Bombardier’s majority stake in the C Series to Airbus, will handle the firm’s strategic transformation.
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Selling aviation makes sense for Bombardier, says industry analyst
Its railway operations are a steadier generator of cash flows, but the sale of aviation could face political opposition because it is a major Canadian employer
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Fiat Chrysler and Peugeot sign deal for 50-50 merger
Creating the world’s fourth-largest automaker.
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Cannabis company Hexo Corp. reports $62.4M first quarter loss
Hexo’s CEO and co-founder said the company has done “some pretty heavy lifting” as it works towards profitability in 2020.
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CGI not worried about another U.S. government shutdown, says CEO
Company begins its strategic plan to double its size within five to seven years.
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Bombardier sells aerostructures business to Spirit AeroSystems, reports Q3 loss
Spirit will pay US$500 million in cash.
