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Resources & Agriculture

TransAlta buying Heartland in deal worth $658 million including assumed debt

TransAlta buying Heartland in deal worth $658 million including assumed debt

CALGARY — TransAlta Corp. has signed a deal to buy Heartland Generation Ltd. and its power generation business in Alberta and B.C. in a deal valued at $658 million, including assumed debt.
Parkland Corp. delivers strong quarter in wake of activist investor push

Parkland Corp. delivers strong quarter in wake of activist investor push

CALGARY — Less than 12 months after an activist investor critiqued its performance, fuel retailer Parkland Corp. has doubled its third quarter profit and announced it will exceed its previously announced earnings guidance for 2023.
Parkland Corp. delivers strong quarter in wake of activist investor push

Parkland Corp. delivers strong quarter in wake of activist investor push

CALGARY — Less than 12 months after an activist investor critiqued its performance, fuel retailer Parkland Corp. has doubled its third quarter profit and announced it will exceed its previously announced earnings guidance for 2023.
U.S. housing demand expected to drive lumber prices higher in 2024

U.S. housing demand expected to drive lumber prices higher in 2024

The expected improvement in prices will help B.C. sawmills handle high operating costs
Northern B.C. pipeline connector recommended for approval

Northern B.C. pipeline connector recommended for approval

The proposed 215 km pipeline would be located 25 km northwest of Wonowon, B.C., connecting to a site in the Gordondale area of Alberta, just east of the B.C. and Alberta border.
Nutrien sees earnings drop in third quarter as lower selling prices take a toll

Nutrien sees earnings drop in third quarter as lower selling prices take a toll

SASKATOON — Nutrien Ltd. says it earned US$82 million in the third quarter, down from US$1.6 billion a year earlier. The Saskatoon-based company, which is the world's largest fertilizer producer, says sales were US$5.
Labour shortages cost Canadian agriculture sector $3.5 billion in 2022: research

Labour shortages cost Canadian agriculture sector $3.5 billion in 2022: research

OTTAWA — The Canadian Agricultural Human Resource Council says labour shortages cost the agriculture sector $3.5 billion in sales in 2022. Research by the Conference Board of Canada on behalf of the council found the sector has a vacancy rate of 7.
Canadian Dairy Commission delays farmgate milk price hike by three months

Canadian Dairy Commission delays farmgate milk price hike by three months

OTTAWA — The Canadian Dairy Commission is delaying a planned increase to the farmgate price of milk by three months as the food industry grapples with pressure to stabilize food prices. On Wednesday, the dairy commission said an increase of 1.
Hecla invests $7.2M in Dolly Varden Silver in boost for B.C. mine

Hecla invests $7.2M in Dolly Varden Silver in boost for B.C. mine

Dolly Varden owns 100% the Kitsault Valley silver-gold project, located in the southern tip of B.C.’s Golden Triangle
Saskatchewan gas utility could face steep fines and jail for not remitting carbon tax

Saskatchewan gas utility could face steep fines and jail for not remitting carbon tax

REGINA — Saskatchewan's natural gas utility could face hefty fines for not remitting the carbon tax to the federal government, and its executives may also face jail for failing to do so, federal legislation says.