19 Results for finance

The federal government has announced that it will create a Sustainable Finance Expert Panel to consult with Canada's business leaders, including insurers, on opportunities related to sustainable finance, including climate-related disclosures. The Expert Panel builds on the work of the Task Force on Climate-related Financial Disclosures (TCDF), led by Michael Bloomberg, that was…

April 13, 2018 @ 10:04am

The Canadian Securities Administrators (CSA) has published CSA Staff Notice 51-354 Report on Climate change-related Disclosure Project. The report summarizes the findings of the CSA’s previously announced project to review the disclosure by reporting issuers of risks and financial impacts associated with climate change and outlines its plans for future work. “We…

April 06, 2018 @ 11:57am

Pure Technologies Ltd. has announced that it has entered into a definitive arrangement agreement with Xylem Inc. whereby Xylem will acquire all of the issued and outstanding shares of Pure, representing an enterprise value for Pure of CAD $509 million. The Purchase Price represents a 102.7 per cent premium to…

December 12, 2017 @ 10:38am

Cold Lake, Alberta’s Council in its most recent meeting has discussed a number of obstacles to the expansion of the area’s water treatment plant. Council determined that it will notify the Cold Lake Regional Utilities Commission (RUSC) that it foresees a number of challenges as a result of increasing calls…

December 05, 2017 @ 10:17am

Clearford Water Systems Inc. has announced the acquisition of Koester Canada Inc., an Ontario-based subsidiary of Koester Associates, Inc., for $7.8 million. Koester Canada's two divisions, the Koester Canada Design-Build and Koester Team Aquatic Operations Group, will be renamed Clearford-Koester Canada and Clearford Waterworks, respectively. Clearford expects to expand the Waterworks division…

November 30, 2017 @ 11:37am

Clearford Water Systems Inc. today released results for its third quarter (Q3) and nine month (YTD) periods ended September 30th, 2017. Its subsidiary UV Pure, showed strong Q3 growth in 2017. Revenue for the quarter was $910,697 compared with $1,071,773 for the prior year's quarter. Operating loss before net financing costs was $307,790 for the quarter compared…

November 09, 2017 @ 3:16pm

Pure Technologies Ltd. has announced its financial performance for the quarter ended September 30th, 2017. The company provided the following third quarter overview and nine-month period (YTD) highlights: Total revenue is up 9 per cent to $30.9 million in Q3 and up 13 per cent to $93.8 million YTD: Water Division performance: Q3 up 1…

November 08, 2017 @ 7:15am

Red Deer, Alberta, will take on $5.2 million in debenture to finance the construction of the North Regional Water and Wastewater lines. In the city council’s October 30th meeting, it was agreed that the city will borrow $3 million for the regional waterline from the intersection of Hwy 2A/11A north…

October 31, 2017 @ 11:23am

On Friday, Manitoba released its sustainability and climate plan, A Made-in-Manitoba Climate and Green Plan. The plan underscores the importance of water management, making it one of four cornerstones in its green-future planning. Announced by premier Brian Pallister and sustainable development minister Rochelle Squires, the plan is focused on four strategic…

October 30, 2017 @ 11:31am

Thirty Canadian and international institutional investors and pension funds representing approximately CAD $1.2 trillion of assets under management have issued a joint Declaration of Institutional Investors on Climate-Related Financial Risks. The declaration calls on publicly-traded companies in Canada to commit to enhanced disclosure on their exposure to climate risks and the measures they are taking to manage them. Although…

October 27, 2017 @ 11:41am

Decisions made at the Comox Valley Water Committee meeting on Tuesday have set a clear course for construction of a new water treatment system beginning in 2019, with interim measures that will address boil water notices within the next six months. To take full advantage of grant opportunities, timelines for…

October 20, 2017 @ 10:42am

The Water Environment & Reuse Foundation (WE&RF) and Water Research Foundation (WRF) have announced a merger into one water research organization. “The integration of WE&RF and WRF is a forward-focused, positive change that will bring tremendous value to the water sector, including WEF and its members,” said WEF Executive Director…

October 16, 2017 @ 3:51pm

Canadian export credit agency, Export Development Canada (EDC), has priced its first Green Bond in Canadian dollars in response to global interest in climate financing. Priced at CAD 500 million, the 1.80 per cent Fixed Rate Green Bond is due September 1, 2022. The lead underwriters were B of A Merrill Lynch, RBC…

August 30, 2017 @ 1:07pm

Canmore, Alberta, has given second and third reading to debenture borrowing to fund three water infrastructure projects and an upgrade to its community recreation centre. The three water infrastructure projects are the Cougar Creek Flood Retention Structures, Lift Station 2 construction upgrades, and a capacity upgrade to its wastewater treatment…

August 23, 2017 @ 11:33am

The Business Development Bank of Canada (BDC) is supporting more Canadian entrepreneurs than ever before, with 49,000 business owners receiving its services, up 17 per cent from the year before, according to BDC's 2016–17 annual report. "Helping entrepreneurs thrive is our greatest ambition. BDC remains committed to a clear and…

August 23, 2017 @ 10:52am

Ottawa-based Clearford Water Systems Inc. has released unaudited consolidated financial statements, which shows revenue slightly below $1 million for the last quarter, while the UV Pure segmented sales have shown market growth. Revenue for the second quarter 2017 was $972,731 compared with $1,041,011 for the prior year's quarter. Operating loss…

August 01, 2017 @ 11:25am

SaskWater has released its 2016–17 report, which highlights the Crown corporation’s growth to include the City of Melville, the fifth city in the province to be served by the utility. As part its agreement with Melville, SaskWater will build a new water treatment plant and regional water supply system to…

July 17, 2017 @ 12:45pm

A new report from Analytica Advisors has said that Canada’s cleantech sector will struggle if federal policy fails to appropriately encourage the market. The report, 2017 Canadian Clean Technology Industry Report, says that Canada’s federal government wants to accelerate the transition to a low-carbon economy, but without smart new policy…

April 20, 2017 @ 11:32am

Borealis Infrastructure, the infrastructure investment manager for OMERS, which is the pension plan for Ontario’s municipal employees, has formed a consortium with a Kuwaiti investment firm to purchase a stake in Britain’s Thames Water. The Canadian and Kuwaiti consortium purchased their stakes in the Thames from Australia’s Macquarie Group, which…

March 15, 2017 @ 8:13am