Financing
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Bayer sells Crop Science unit to BASF for US$7B to ease Monsanto takeover
In an effort to address overlaps in the product portfolios of Bayer and Monsanto, Bayer is selling to BASF its field crop seeds businesses and the Liberty herbicide brand
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Boeing will have difficulty proving harm from Bombardier, says analyst
Boeing is actually performing very well in all of the factors examined by trade investigators to determine harm, including sales, market share, profits, employment, wages and ability to raise capital
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Ferrero spending $90M to expand Brantford, Ont. plant, will add 80 jobs
The project includes construction of an on-site cocoa bean processing facility, the chocolate maker’s first outside Europe
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Trudeau acknowledges NAFTA gloom, says he’s ready for anything
The Prime Minister admitted that talks have been challenging while Mexico’s foreign relations secretary said his country would not sign a bad deal, adding that leaving the treaty “would not be the end of the world”
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LNG Canada CEO says Canadian energy projects can be competitive despite delays, higher costs
Andy Calitz says he believes Canada’s low-cost natural gas and relatively closer proximity to Asia makes it competitive with other countries vying to sell liquefied natural gas around the world
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Capital investment in Canada’s auto sector well below pre-recession levels: report
DesRosiers Automotive Consultants says investment has been almost cut in half, noting “Canada’s loss of investment market share to Mexico and the southern U.S. over this period has been well documented”
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Mars Canada completes $77M plant expansion at Bolton, Ont. food plant
The project added 50,000 sq. ft. of floor space at the facility northwest of Toronto and created 37 new jobs
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Metro to cut 280 jobs in modernization of Ontario distribution network
The Canadian grocer is investing $400 million to overhaul its Ontario logistics. It plans to bring in new automated systems in the wake of the province’s planned $15 minimum wage hike
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Marijuana grower Canopy plans big B.C. expansion in lead up to legalization
The company says it will develop three million sq. ft. of greenhouse space, more than doubling Canada’s biggest marijuana producer’s production footprint
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Sears Canada seeks court approval to liquidate all stores, 12,000 to lose jobs
“Frankly, it was all a little, too little, too late,” one analyst said of the iconic retailer’s efforts to reinvent itself. After failing to find a buyer, the company is seeking approval to close all of its 130 remaining stores