News

Canada

Tamarack Valley Energy To Acquire Rolling Hills Energy for C$93 Million

Edward Kim | Equities.com |

The company also announced a 20% increase in its dividend.


Bird Construction Awarded C$90 Million in New Contracts

Equities Staff | Equities.com |

The new contracts span across the upstream oil and gas and petrochemical sectors.


Aecon Consortium Takes Next Step Toward $10.5 Billion Toronto GO Rail Expansion

Equities Staff | Equities.com |

ONxpress Transportation Partners has been identified by Infrastructure Ontario (IO) and Metrolinx as the First Negotiations Proponent to design, build, operate and maintain the GO Rail Expansion


Canadian Pacific Raises Bid for Kansas City Southern to $27 Billion

Kimberly Redmond | Equities.com |

Canadian Pacific Railway Ltd (NYSE: CP) upped its bid for Kansas City Southern (NYSE: KSU) to $27 billion, reviving a bidding war with its rival Canadian National Railway.

On Tuesday, Canadian Pacific announced its revised bid, which values Kansas City Southern at $300 per share. Shareholders would receive $90 cash and 2.884 Canadian Pacific shares for each Kansas City Southern share held.


Homeland Security Extends Restrictions at Canada and Mexico Borders Through August 21

Reuters | Equities.com |

The U.S. government on Wednesday extended the closure of land borders with Canada and Mexico to non-essential travel such as tourism through Aug. 21 even as officials debate whether to require visitors to have received a COVID-19 vaccine.

The latest 30-day extension by the Department of Homeland Security (DHS) came after Canada said on Monday it would start allowing in fully vaccinated U.S. visitors on Aug. 9 for non-essential travel after the COVID-19 pandemic forced a 16-month ban that many businesses have called crippling.


Canada's Borders Will Be Closed to Unvaccinated Tourists for 'Quite a While'

Reuters | Equities.com |

Foreign tourists who are not vaccinated against COVID-19 will not be allowed to enter Canada for quite some time because the government is unwilling to jeopardize progress made on containing the virus, Prime Minister Justin Trudeau said on Thursday.

"I can tell you right now that's not going to happen for quite a while," said Trudeau, when asked by reporters when Canada would allow unvaccinated tourists to enter the country.


Canada Loosens Travel Restrictions for Vaccinated Canadians, But Border Remains Closed to US Residents

Kimberly Redmond | Equities.com |

Canada is loosening travel restrictions for Canadians fully vaccinated against COVID-19 starting July 5, however the border will remain closed to US citizens and residents.

The changes announced Monday marked the first phase of Canada’s easing of public health measures and did not address any timeline for when the country will reopen to nonessential foreign travelers.


Canada Investigating Forced Labor Claims in Malaysian Palm Oil and Glove Industries

Reuters | Equities.com |

Canada is investigating allegations of forced labor in Malaysia's palm oil and glove manufacturing industries, the government said on Friday.

Malaysian firms, which includes some of the world's biggest palm oil and rubber glove producers, have faced increasing scrutiny in recent years over reports of labor abuses.


Hospitals in Ontario Facing Critical Number of COVID-19 Patients in ICUs

Reuters | Equities.com |

Doctors in the Canadian province of Ontario may soon have to decide who can and cannot receive treatment in intensive care as the number of coronavirus infections sets records and patients are packed into hospitals still stretched from a December wave.

Canada’s most populous province is canceling elective surgeries, admitting adults to a major children’s hospital and preparing field hospitals after the number of COVID-19 patients in ICUs jumped 31% to 612 in the week leading up to Sunday, according to data from the Ontario Hospital Association.


Toronto Cancels In-Class Schooling Amid Variant-Driven Third Coronavirus Wave

Reuters | Equities.com |

Toronto will cancel all in-person learning at elementary and secondary schools as of Wednesday, health authorities said as Canada deals with a variant-driven third wave of the coronavirus pandemic, which has hit the younger population hard.

Canada’s largest school district, serving around 247,000 students, will move to remote learning until April 18, with the potential to extend based on case trend data. It follows a similar move by another school board in Ontario province on Monday.


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