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Market Chatter: PM Carney to Meet Alberta's Premier on Friday to Advance Oil-Export Pipeline Plans

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Prime Minister Mark Carney will meet with Alberta Premier Danielle Smith on Friday to advance plans to build a build a pipeline to carry Alberta bitumen to British Columbia's Pacific coast, Reuters reported.

The two leaders are expected to detail an agreement on industrial carbon-emissions pricing, a key part of a memorandum of understanding the pair reached in November. The price of emissions is expected to rise to $130 per tonne by 2040 to incent oil-sands producers to capture carbon and lower emissions from the sector, a key condition for construction of a second oil pipeline to the coast.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Canlan Ice Sports Q1 Earnings Rise on Higher Revenue

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PyroGenesis Reaches Out of Court Settlement to Acquire its Turcot Manufacturing Facility

PyroGenesis (PYR.TO) on Thursday said it reached an out-of-court settlement with the owner of its Turcot manufacturing facility in Montreal to sell it to the company for $3.1 million.The company in 2022 exercised an contractual option to acquire the plant in for $2.75 million, but the owner refused to sell and PyroGenesis launched a suit to force compliance in Quebec Superior Court. The court is expected to approve the settlement today.This property is the company's 40,902 square feet facility. The Turcot facility is located about 6.2 kilometers from its downtown Montreal headquarters."This is great news, as we have managed to not only secure our key factory location for the long term, but we have also acquired an asset of significant value for our stakeholders," chief executive Peter Pascali "Our purchase price of approximately $76/sq. ft. is significantly under the current market price for this area ... A sale-leaseback structure could quickly unlock this value which the company could use to accelerate projects in its various businesses. We look forward to initiating sale-leaseback discussions with interested parties, very soon."Shares of the company were last seen down $0.01 to $0.43 on the Toronto Stock Exchange.Price: $0.43, Change: $-0.01, Percent Change: -2.27%

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CIBC Says Strong Earnings From Banks Due to Capital Markets in Q2 Preview, Downgrades National Bank

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