U.S. company Bunge Ltd. has signed a deal to merge with Viterra Ltd., which is owned by Glencore, the Canada Pension Plan Investment Board and B.C. Investment Management Corp. The companies said Tuesday the deal create a global agribusiness company well positioned to meet the demands of complex markets and better serve farmers and customers. […]
Swiss company Glencore says it has made an offer to buy the steelmaking coal business of Teck Resources Ltd. The company says it would pay cash for the assets, but did not say how much publicly. Glencore says it remains willing to pursue its offer for all of Teck, but that it has made an […]
Wildfires are burning dangerously close to a central Albertan town in what federal officials say is an “unprecedented” fire season across Canada. Here’s a look at developments Sunday: Fire chews through transmission towers near Edson Alberta’s largest regulated electricity transmission company is warning residents in areas near the town of Edson to be prepared for […]
The Reuters News Agency is reporting that a potential merger between Bunge Limited and Viterra is imminent. Sources told Reuters that Viterra’s shareholders, which include Glencore, Canada Pension Plan Investment Board and British Columbia Investment Management Corp., may sign off on the deal as soon as this weekend, and an announcement might be made next […]
A proposed merger between Glencore’s Viterra and Bunge Ltd. has the support of two of Canada’s largest pension funds, according to a person close to the matter. The source, according to Bloomberg News, noted that the Canada Pension Plan Investment Board and the British Columbia Investment Management Corp. are willing to swap their combined 49.98 […]
Dallon Leger thought he was part of the solution. The entrepreneur from Yorkton, says he collected more than 1.8 million kilograms of used grain bags over the past few years, helping his neighbours deal with their mounting plastic problem. Leger’s business, EcoGenX, transported the grain bags to a company in the United States that would […]
The agricultural world is abuzz with talk about this potential merger between grain giants Viterra and Bunge. There are wide spread reports that the two companies are talking about a merger, but neither side is willing to admit it. This is not the first time the two rivals have been in talks to merge. In […]
The WestJet Group says it has closed its acquisition of Sunwing Vacations and Sunwing Airlines that was first announced in March last year. The company says that, initially, the airlines will continue independent operations. However, WestJet says the two airlines will move from being competitors to collaborators. Stephen Hunter, formerly the CEO of Sunwing Vacations, […]
Canada’s only rare earths mining company is pausing all construction at its Saskatoon processing facility. Vital Metals said in a news release Wednesday the pause will allow the company to conserve cash and seek other sources of funding to potentially build a sustainable business model for the facility. The company had planned to complete a […]
The Bank of Canada is holding interest rates steady for the first time in a year. The central bank says based on the assessment of recent economic data, the key rate will remain at 4.5 per cent. However, it is keeping the door open to further rate hikes if the economy or inflation run hotter than expected. Recent data shows inflation slowed […]
