Government agreed to convene a conciliation board regarding a contract for Nova Scotia teachers but the Nova Scotia Teachers’ Union declined that opportunity. We maintain that we want to listen and work with teachers. We are committed to strengthening our education system for every student in our schools. By declining this opportunity to convene a conciliation board, the teachers’ union is also dismissing the opportunity to find savings to meet their compensation demands. Government continues to be open to discussing all issues related to working conditions outlined by the teachers’ union. The working group looking at teachers’ working conditions will continue. A letter to the teachers’ union can be found here: http://novascotia.ca/psc/public-service-sustainability-mandate/ -30-
Some of the most active companies traded Thursday on the Toronto Stock Exchange:Toronto Stock Exchange (15,776.30, up 55.30 points):Aurora Cannabis Inc. (TSX:ACB). Healthcare. Up 21 cents, 7.24 per cent, to $3.11 on 8.3 million shares.Canopy Growth Corp. (TSX:WEED). Healthcare. Up 80 cents, or 6.74 per cent, to $12.67 on 5.9 million shares.Hydro One Ltd. Instalment Receipts (TSX:H.IR). Utilities. Up 10 cents, or 0.27 per cent, to $37.00 on 4.6 million shares.Manulife Financial Corp. (TSX:MFC). Financial Services. Up nine cents, or 0.36 per cent, to $25.43 on 4.5 million shares.Toronto-Dominion Bank (TSX:TD). Bank. Down 72 cents, or 1.01 per cent, to $70.68 on 3.9 million shares.Teck Resources Ltd. (TSX:TECK.B). Miner. Up $1.18, or 4.26 per cent, to $28.91 on 3.6 million shares.Companies reporting major news:Shopify Inc. (TSX:SHOP). E-Commerce. Down $2.76, or 2.14 per cent, to $126.19 on 1.9 million shares. Stock prices fell for a second day, following a prominent short-seller’s claim that it’s running an overvalued get-rich-quick scheme. The Canadian technology company issued a defence of its business early Thursday but didn’t specifically refer to allegations published by Andrew Left of Citron Research.TransCanada Corp. (TSX:TRP). Oil and gas. Up 66 cents, or 1.08 per cent, to $61.55 on 1.3 million shares. TransCanada has cancelled its $15.7-billion proposed Energy East pipeline, cutting off a potential conduit to bring more western Canadian oil to eastern refineries and overseas export markets. CEO Russ Girling cited non-specific “changed circumstances” for the decision in a brief news release Thursday morning. The Calgary-based company refused to give further explanation. TransCanada said it will record a non-cash charge of about $1 billion in its fourth-quarter financial results, reflecting the reduced carrying value of the projects. It said there would be no costs recovered from third parties.