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    Archives: Briefings

    Activist investor gets two directors elected to Enthusiast Gaming’s board

    The overwhelming majority of shareholders voted to elect all 10 board nominees that the e-sports and gaming media company put forward at its annual meeting Tuesday, including Janny Lee and David Goldhill, two of Greywood Investments’s nominees. (The Logic)

    EDC sets climate targets for airlines, oil and gas producers

    The Crown corporation said that by 2030, it will cut carbon emissions in its airlines portfolio by 37 per cent per kilometre for each passenger. It will also reduce financing for upstream oil and gas production by 15 per cent and shift three per cent of that production from oil to gas. (The Logic)

    Telus Health opens fifth mental-health clinic

    The telecom’s health division is accepting new clients at its Montreal location. It also offers in-person mental-health services in Vancouver, Calgary and Edmonton. (The Logic)

    CAE to convert two-thirds of training fleet to electric power

    The Montreal-based company is developing an electrical conversion kit for its fleet of Piper Archer airplanes used in its flight training facilities around the world, the company announced at the Farnborough Airshow. (The Logic)

    Infrastructure bank backs $56M in ‘deep energy retrofits’ at University of Toronto

    The federal agency announced it will support improvements to older facilities at the university’s downtown campus, including a new electric boiler to replace a gas-fired unit, upgrades to six academic buildings and carbon-capture plans. (The Logic)

    Shopify presses play on livestream shopping via YouTube link

    Creators and brands will be able to tag products from their Shopify stores during real-time recordings via their YouTube accounts, and display them below on-demand videos. (The Logic)

    Ottawa should offer bigger SR&ED tax breaks for big companies: Think tank

    Small- and mid-sized Canadian-controlled private corporations can claim 42.6 per cent of their R&D costs via federal and provincial incentives, compared to just 20.2 per cent for large firms, according to a new study from the Toronto-based C.D. Howe Institute. (The Logic)

    Federal government proposes mechanisms for oil and gas emissions cap

    Environment and Climate Change Canada released a discussion paper that explores either an industry-specific cap-and-trade system or a modified carbon price to enforce a hard limit on emissions. (The Logic)

    Celsius outlines next steps in bankruptcy process, says assets dropped by US$17.8B

    In a court filing, the Caisse de dépôt et placement du Québec-backed cryptocurrency lending startup said it plans to use Bitcoin from its mining operations to grow its holdings. The New Jersey-based company will also consider “asset sales and third-party investment opportunities.” (The Logic)

    Suncor appoints board members, explores asset sales as part of agreement with Elliott

    The oil-sands giant added three industry veterans to its board after New York-based Elliott Investment Management called for a management shakeup. The Calgary-based company also said it would consider selling its gas stations to “unlock shareholder value.” Suncor shares closed up about one per cent on the Toronto Stock Exchange. (The Logic)

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