Algoma Central Corporation Sells Station Mall in Sault Ste. Marie
Station Mall, a 555,000 square-foot enclosed shopping centre located steps away from the St. Mary’s River, was the last of the Company’s real estate holdings in Sault Ste. Marie. The Company’s intention to divest of its commercial real estate portfolio was initially announced in 2015. Since then, the Company has sold 15 properties in Sault Ste. Marie, Waterloo, and St. Catharines, Ontario since 2015, directing proceeds from the sales to the renewal of the domestic dry-bulk fleet, expansion of its ocean self-unloader fleet and to new investments in international shipping.
Stelco Layoffs to Affect 350 Workers at Hamilton Works
Stelco is expected to idle its cold-rolled and coated finishing operations at Hamilton Works beginning Oct. 9, resulting in layoffs affecting about 350 unionized workers in Hamilton and up to 500... Read More
New Lock at the Soo Reaches Construction Milestone
The U.S. Army Corps of Engineers’ (Corps) New Lock at the Soo project has reached the 50% completion milestone, with construction continuing on the second Poe-sized lock at the Soo... Read More