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August 15, 2018 6:22 PM Aecon Group receives approval to rejoin Gordie Howe bridge consortium

The consortium, which also includes ACS Infrastructure Canada Inc., Dragados Canada Inc. and Fluor Canada, was selected as the preferred proponent for the project in July. Aecon was initially part of the group but pulled out in May as it was undergoing a federal review about a proposed takeover by a Chinese state-owned company that was ultimately blocked 5

August 13, 2018 6:27 PM Netflix’s CFO to step down following cash-fueled expansion

Netflix Inc. chief financial officer David Wells will step down after eight years on the job, during which the streaming service grew into an entertainment giant that spends more on movies and TV shows than the biggest Hollywood studios. Wells, 47, will help choose a successor and stay on until his replacement takes over to make sure the transition goes smoothly 9

August 13, 2018 2:23 AM Strongest-ever earthquake hits Alaska’s North Slope region

A magnitude 6.4 earthquake is 15.8 times bigger and 63.1 times stronger than a 5.2 earthquake, according to the U.S. Geological Survey. “That’s why at 6.4 this changes how we think about the region,” West said. “It’s a little early to say how, but it’s safe to say this earthquake will cause a re-evaluation of the seismic potential of that area.” The magnitude 11

August 11, 2018 5:14 PM Theatre Review: Cowboy Versus Samurai is a sharp, funny debut for Calgary's newest theatre company

Travis (Mike Tan), a Korean-American English teacher, arrives in Breakneck, Wyoming carrying a few burdens. One, his heart has been broken, by a woman named Grace whose family didn’t want her to marry — a schoolteacher. Two, he’s attracted to Asian women and there’s none in Breakneck, although that’s about to change. And three, he has the same name as the looney 38

August 10, 2018 12:58 PM Cineplex profit jumps in second quarter on higher attendance, more spending per person

Cineplex Inc. had $24.4 million of net income in the second quarter, beating analyst profit estimates, as total revenue increased by 12.4 per cent from last year and the company made progress on its cost-reduction efforts. The Toronto-based cinema and entertainment company says revenue for the three-months ended June 30 was $409 million, a record high for the second 10

August 9, 2018 6:41 PM Nevsun rejects Lundin takeover as it seeks alternative buyer

Last month, Toronto-based Lundin formally launched a hostile takeover bid, arguing deep pockets will be required to develop its Timok copper-and-gold project in Serbia and its Bisha mine in Eritrea. Lundin has been trying to acquire the company since October. In addition to undervaluing the portfolio, Lundin’s latest bid is lower than previous transactions 11

August 9, 2018 5:02 PM Ontario Power Generation buys U.S. renewable energy firm for $388M

Ontario’s government-owned power company is making its first foray outside the province, announcing a deal to buy New Jersey-based Eagle Creek Renewable Energy for $388 million. Ontario Power Generation says Eagle Creek owns 63 small hydropower facilities in the United States providing a total of 216 megawatts of capacity. The privately held target company’s 12

August 7, 2018 8:34 PM Cost to twin Trans Mountain pipeline $1.9B higher than expected, Kinder Morgan documents show

Kinder Morgan has long said it would cost $7.4 billion to build a second pipeline parallel to the first in order to triple its capacity, but the financial documents now say the company expects a $9.3-billion price tag. The documents also suggest construction won’t be done until December 2021 — a full year beyond the previous projection of December 2020. Finance 13

August 7, 2018 7:35 PM Air Transat, Flair Airlines sign on with Aimia as Aeroplan partners

Partnership agreements between Aimia Inc. and two more Canadian airlines have taken flight, slated to take effect after the Montreal-based company’s current agreement with Air Canada ends in July 2020. One of Aimia’s new partners is Air Transat, a long-established airline owned by travel and leisure company Transat AT, based in Montreal. Aimia’s other 14

August 7, 2018 7:14 PM Bausch Health posts $873-million (U.S.) loss linked to tax cost, asset impairments

MONTREAL—Bausch Health Companies Inc. posted a net loss of $873 million (U.S.) in the second quarter as the company formerly known as Valeant Pharmaceuticals experienced a bigger operating loss and a bigger provision for income taxes than last year. The company, which reports in U.S. currency, says it recorded a $138-million provision for income taxes 11