Company releases, economic news, and business coverage.
CALGARY - TransAlta Corp. says Mangrove Partners has withdrawn an application to the Alberta Securities Commission for a hearing related to an investment deal with Brookfield Renewable Partners.
Mangrove had sought a joint hearing with the Alberta regulator and the Ontario Securities Commission regarding its desire for a shareholder vote on the Brookfield transaction.
ABIDJAN, Cote d'Ivoire - On a trip to Africa to promote women's economic empowerment, Ivanka Trump said Wednesday the White House should be judged by its actions toward a continent that her father has privately disparaged.
In an Associated Press interview, the president's daughter and senior adviser pointed to visits to Africa by herself, first lady Melania Trump and others, and said: "Our commitment to Africa is clear." She added that she hopes President Donald Trump will visit. "I've been deeply, deeply inspired by my trip here. And I think he will be as well," she said.
EDMONTON - Jason Kenney, Alberta's incoming premier, said he cordially talked pipelines Wednesday with Prime Minister Justin Trudeau — Kenney's political nemesis and his election campaign pinata — and said the plan is to meet soon for a one-on-one.
"He called to offer his congratulations. We spoke for about 15 minutes," Kenney said outside Alberta's legislature building.
NEW YORK - Love them or hate them, electric scooters are everywhere — zipping along city streets and littered on sidewalks, to the dismay of pedestrians and drivers who must share the road.
And now they have overtaken station-based bicycles as the most popular form of shared transportation outside transit and cars in the U.S.
RENO, Nev. - The U.S. Energy Department is asking a federal judge in Reno to dismiss the state's lawsuit challenging plutonium shipments to Nevada, adding that the material at the storage site north of Las Vegas does not threaten public safety.
Department officials have stepped up their explanation of why the site housing the weapons-grade plutonium north of Las Vegas isn't vulnerable to dangers posed by earthquakes despite concerns raised last month by an independent safety board that the threat of seismic activity hasn't been adequately addressed and that the facility currently is operating with "unknown risk."
OTTAWA - Jason Kenney's newly secured perch as premier of Alberta poses both a threat and a potential boon to Prime Minister Justin Trudeau's re-election chances this fall, political observers said Wednesday in the wake of the United Conservative Party's resounding win in Alberta.
Kenney — an outspoken and articulate former cabinet minister under ex-prime minister Stephen Harper — has made it clear he plans to oppose Trudeau on issues including the carbon tax and equalization payments, and so far has made good on his word, said fellow former Tory front-bencher Stockwell Day.
DALLAS - The grounding of its Boeing 737 Max jets is causing United Airlines to trim growth plans for this year, and the carrier expects to discuss potential compensation with Boeing.
United claims to be managing the grounding relatively well by pressing spare jets into duty and delaying discretionary maintenance work on other planes.
China's refusal thus far to accept a Canadian delegation to work out a solution to an ongoing canola seed trade dispute that's left farmers and exporters scrambling calls for more urgent action from Ottawa, says an industry group.
The Canola Council of Canada wants the federal government to "consider all available options" as weeks have passed since China suspended the licences of two major exporters of canola seed, citing concerns about pests, and Chinese companies stopped buying the product from Canadian producers.
TORONTO - Canada's main stock index moved higher as the election of a conservative government in Alberta helped to support the energy sector, says a market observer.
The key sector benefited from earlier momentum in oil prices and stronger-than-expected data overnight about the Chinese economy that boosted the demand outlook for crude, said Candice Bangsund, portfolio manager for Fiera Capital.
OTTAWA - Canada and the European Union vowed on Wednesday to protect their businesses from the Trump administration's new policy to allow lawsuits against foreign companies connected to properties seized from American firms during the Cuban revolution.
The defiant response was tempered by warnings that the landmark tightening of the U.S. trade embargo on Cuba's communist government would only generate uncertainty and chaos in North American boardrooms and courtrooms.