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.
CMC Calls on Canada to Focus on Economy in Response to Possible U.S. Tariffs
As the threat of a trade war with the United States looms, the Chamber of Marine Commerce (CMC) is calling on Canadian government leaders to focus on economic and trade... Read More
U.S. Tariff Impact on Great Lakes Shipping
Just one week after President Trump postponed imposing sweeping tariffs on Canada and Mexico, he issued a 25 percent tariff on all Canadian steel and aluminum imports. On February 3,... Read More