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.
St. Lawrence Seaway Cargo Traffic Rises 3.5% Through September
Cargo traffic on the St. Lawrence Seaway increased 3.5% year over year through September 2026, reaching 24.941 million metric tons, according to year-to-date figures from the St. Lawrence Seaway Management... Read More
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