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.
Building Partnerships Between Great Lakes Ports and Shipyards
The American Great Lakes Ports Association (AGLPA) and Great Lakes Alliance of Shipyards have signed a memorandum of understanding establishing a formal partnership between the region’s port and shipyard communities. ... Read More
Canada to Impose Matching Tariffs on U.S. Goods
The Canadian government has suspended trade negotiations with the United States and announced new tariffs and $7.5 billion in support measures as the trade dispute between the two countries continues. ... Read More