NGen Leads $108M Investment in Sustainable Manufacturing Projects
The SMC projects aim to accelerate the application of cleantech and other advanced technologies to improve the environmental sustainability of Canadian manufacturing.
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Toronto Star
an hour ago
- Toronto Star
The Keg Royalties Income Fund Obtains Unitholder Approval for the Transaction with Fairfax
Not for distribution to U.S. News wire services or dissemination in the U.S. VANCOUVER, British Columbia, Aug. 01, 2025 (GLOBE NEWSWIRE) — The Keg Royalties Income Fund (the 'Fund') (TSX: is pleased to announce that, at its special meeting ('Meeting') of the unitholders ('Unitholders') and holders of securities exchangeable into units (the 'Exchangeable Unitholders') of the Fund (the 'Units') held earlier today, Unitholders and Exchangeable Unitholders voted overwhelmingly in favour of the proposed acquisition by 1543965 B.C. Ltd. (the 'Purchaser'), a subsidiary of Fairfax Financial Holdings Limited (the 'Parent') of all of the issued and outstanding units of the Fund not otherwise owned by it and its affiliates (collectively, 'Fairfax') for a price of $18.60 per Unit (the 'Consideration'), payable in cash by way of a statutory plan of arrangement under the Business Corporations Act (British Columbia) in accordance with the arrangement agreement dated June 16, 2025 among the Fund, the Purchaser and the Parent (the 'Arrangement Agreement', and such acquisition and the other transactions contemplated in the Arrangement Agreement, the 'Transaction'). The Arrangement Agreement provides that in addition to the Consideration, Unitholders will be entitled to receive a prorated monthly distribution for the month in which the closing occurs, as well as a special cash distribution based on the Fund's historical practice of paying annual special distributions, with such special cash distribution being set at $0.055 per Unit for the 2025 fiscal year, prorated for the portion of the fiscal year completed as of the closing of the Transaction.
Global News
an hour ago
- Global News
As Trump hikes tariffs, B.C. jobs minister urges Carney to ‘negotiate hard'
British Columbia's minister of jobs and economic growth is urging the federal government to stand firm and 'negotiate hard' when trying to find a solution to 35 per cent tariffs imposed by U.S. President Donald Trump's Ravi Kahlon's advice to Prime Minister Mark Carney and his negotiating team is to keep up what they're doing, and 'find a path forward the best they can.' A statement from Premier David Eby's office says he remains focused on protecting workers and businesses in B.C. from the 'deeply harmful tariffs' imposed by Trump's administration. It says Eby supports the federal government's efforts to get a 'good deal' for Canada, adding that he looks forward to speaking to the prime minister about the situation. 1:09 Scott Moe says Canada should lower or remove counter-tariffs on the U.S. The United States imposed a 35 per cent tariff on all Canadian goods outside the Canada-United States-Mexico Agreement on free trade after an agreement couldn't be reached by the Aug. 1 deadline. Story continues below advertisement Several other jurisdictions, including the United Kingdom and the European Union, have reached deals before the deadline. Get breaking National news For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen. Sign up for breaking National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy Kahlon said Trump is 'constantly finding ways to raise the temperature' so 'they can squeeze out the most' from any agreement. He said he believes Carney and Canada-U.S. Trade Minister Dominic LeBlanc are taking the right approach, 'which is keeping their head down, continue to be at the table, continue to find solutions, and not getting distracted by the day-to-day swings of the president of the United States.' He said he would also highlight the importance of the softwood lumber industry for B.C., which is just as crucial as the auto industry is to Ontario. 'The forest sector here in British Columbia should get the same support,' Kahlon said. Both Eby and Kahlon have repeatedly argued that the long-running softwood lumber dispute with the United States should be part of a larger deal. 5:53 CCPA on new Trump tariffs against Canada Brian Menzies, executive director of the Independent Wood Processors Association of British Columbia, said he is 'not very optimistic' that a future deal would also resolve the softwood dispute as the industry already faces combined tariffs and duties of almost 35 per cent. Story continues below advertisement 'We have been at this for eight years now, and there doesn't seem to be enough of a push on the American side to resolve this,' he said. Menzies also favours ongoing negotiations with the United States to resolve the tariff dispute. 'I would say it's better to get a good deal than a bad deal,' he said. 'I'd say right now, 'Do your best to stand up for what's important for Canada,'' he said. Menzies said being 'kowtowed and pushed over' is not good for Canada or the United States. 'People respect people who stand up for what's important to them, and that's the basis for any negotiation,' Menzies said. Menzies noted that any future deal with the United States might not last long, given Trump's temperament. Kahlon agreed. 'We take nothing for granted,' he said. 'It's a sad state for us in Canada to have a partner down south that doesn't honour a handshake, an agreement,' he said. 'It's hard to do business with somebody that is hard to trust when these things come.' Kahlon added that even the United Kingdom and the European Union are not sure if they actually have agreements with the United States. Story continues below advertisement 'So the uncertainty continues,' he said.
Cision Canada
an hour ago
- Cision Canada
Majority of CUPW-represented employees reject Canada Post's final offers Français
Corporation evaluating next steps following vote outcome OTTAWA, ON, Aug. 1, 2025 /CNW/ - The Canada Industrial Relations Board (CIRB) has informed Canada Post that a majority of employees represented by the Canadian Union of Postal Workers (CUPW) have voted to reject the Corporation's final offers to both the Urban and RSMC (Rural and Suburban Mail Carriers) bargaining units. This means negotiations between the parties remain unresolved. While we are disappointed in the results, we want to thank employees for participating in the process. We would also like to thank the CIRB for administering the vote. This result does not lessen the urgent need to modernize and protect this vital national service. However, it does mean the uncertainty that has been significantly impacting our business – and the many Canadians and Canadian businesses who depend on Canada Post – will continue. We are evaluating our next steps. TM Trademark of Canada Post Corporation.
