Algoma Steel to list on Nasdaq
The Canadian parent company of Algoma Steel Inc. yesterday announced a merger agreement with Legato Merger Corp., a special purpose acquisition company, that will result in Algoma becoming a publicly listed company with its common shares traded on the Nasdaq Stock Market. Algoma also intends to apply to list its common shares on the Toronto Stock Exchange. Algoma is an independent steel producer with steelmaking and finishing operations in Sault Ste. Marie, Ont.
Feds support expansion of Gatineau microbrewery
The federal government recently announced $400,000 in financial support for Brasserie du Bas-Canada in Gatineau, Que. to increase its production capacity. The company operates a microbrewery and a bistro. The repayable contribution will allow the company to acquire and install digital production equipment, including an automated brewing machine, automated fermentation tanks and a laboratory, and also cover professional services required to set up a new production site.
Mulroney to address northern Ontario transportation
Ontario Minister of Transportation Caroline Mulroney will make a virtual announcement about transportation in northern Ontario today at 11 a.m. EDT. Mulroney will be joined by Minister of Economic Development, Job Creation and Trade and MPP for Nipissing Vic Fedeli and others.
Central Newfoundland boosts water infrastructure
The federal and provincial governments today announced $11.7 million in joint funding toward 21 water and wastewater projects in central Newfoundland. Grand Falls-Windsor will see the construction of a new ultraviolet disinfection building, and nine other municipalities will be the beneficiaries of upgrades to their wastewater infrastructure including new or improved lift stations and water and sewer main replacements.