Skip to content
Join our Newsletter


Asian order buoys Ballard

Ballard Power Systems said Thursday it has received orders for 102 fuel cell power generation systems to be delivered to Cascadiant Inc., its new Southeast Asian distributor. Financial terms of the sale were not immediately available.

Canada keeps triple-A rating with Moody's

Canada has kept its triple-A rating from Moody's Investors Service.

4-week closure at potash site

Potash Corp. of Saskatchewan Inc. said Thursday that it will shut down its Lanigan potash mine for four weeks. The inventory-related shutdown will run from Sept. 15 and Oct. 13, the company said on its website.

Six new vessels for Great Lakes

Maritime bulk carrier Fednav Ltd. will add six new energyefficient vessels to its fleet that will be built in Japan for carrying such cargo as grain, steel, sugar and iron ore. Financial terms of the deal with Japan's Sumitomo Corp.

RIM lays off 95 in Halifax

Nova Scotia's economic development minister says Research in Motion Ltd. has cut almost a quarter of its Halifaxarea staff. Percy Paris says he learned the smartphone maker is laying off about 95 employees.

Support for media deal angers CEOs

The CEOs of three multimedia companies have written to the minister of Canadian Heritage, complaining that two federally funded agencies have become involved in the $3.4-billion BellAstral deal.

Elk Falls site sold, 400 new jobs possible

Catalyst Paper says it has reached an agreement to sell its Elk Falls site in B.C. to Pacifica Deep Sea Terminals for $8.6 million in a deal the buyer says will create 400 jobs in the region.

Victoria businessman proposes $13-billion refinery near Kitimat

Victoria media baron David Black has unveiled an ambitious plan for a $13-billion refinery near Kitimat, which he said could lessen the environmental risk of transporting oilsands crude through Enbridge Inc.’s proposed Northern Gateway pipeline.

Danier Leather losses rise

Danier Leather Inc. had a bigger fourth-quarter loss and reduced annual profit for the 2011-12 financial year after one of the warmest Canadian winters on record cut into its sales of outerwear. The Toronto based company had a $2.

Crib fringe recall in Canada

Health Canada has announced a recall of Babylicious-brand crib fringes, saying the products are a strangulation hazard. The fringes attach to the top of crib railings.