Shopify shares to trade on Nasdaq, moving from New York Stock Exchange

Manitoba First Nation taking federal government, department to court over damage to sturgeon population

A remote Manitoba First Nation is taking the federal government to court over claims a Manitoba Hydro project is hurting the sturgeon population in the lower Churchill River.

In an Oct. 15 statement of claim filed in Manitoba’s Court of King’s Bench, Tataskweyak Cree Nation said the Churchill River diversion operated by Manitoba Hydro has had widespread ecological effects and damaged sturgeon populations in the area.

The lawsuit alleges Ottawa has breached its treaty obligations to protect the community’s right to harvest the fish.

The lawsuit names both His Majesty the King in Right of Canada, the minister of fisheries and Oceans Canada as defendants.

Katz ‘violated public trust,’ Sheegl lacked ‘moral compass,’ police HQ inquiry commissioner concludes

The final report from the public inquiry into the scandal-plagued Winnipeg Police Service headquarters construction project concludes that former mayor Sam Katz and former city CAO Phil Sheegl broke public trust and engaged in unethical conduct.

And the report, released Monday by inquiry commissioner Garth Smorang, says the cost of the project — transforming a downtown Canada Post office tower and warehouse into the police HQ — soared, in part, because main contractor Caspian Projects overcharged the city by more than $40 million in expenses.

The project’s initial $135-million initial price tag rose to about $209 million in the end. The city purchased the complex in 2009; construction was completed in 2016.

Smorang’s report concludes Katz “violated the public trust” and council code of conduct, and Sheegl suffered from a “complete lack of a moral compass.”

Surprising announcement opens door slightly for accountability in police HQ saga

Early Monday afternoon, it looked as if former Mayor Sam Katz, former chief administrative officer Phil Sheegl and contractor Armik Babakhanians were going to finally and successfully escape the long arm of the law for their roles in the Winnipeg Police Service headquarters scandal.

Police HQ report ‘outrageous’: Kinew

Premier Wab Kinew says public inquiry findings that taxpayers were overcharged more than $40 million for the Winnipeg Police Service headquarters project and two city leaders broke the public trust are “outrageous.”

Inquiry commissioner Garth Smorang’s report, which was released Monday, concluded former mayor Sam Katz “violated the public trust” and council code of conduct, while the city’s former chief administrative officer Phil Sheegl suffered from a “complete lack of a moral compass.”

Smorang also found the city was overcharged $43.3 million for the project, with $42 million of that going to key contractor Caspian Projects.

“It’s outrageous that people who were elected betrayed the public here in the city. It’s outrageous that there were people in business who ripped you off, ripped me off — I was paying property taxes in Winnipeg at the time — and ripped all of us off to the tune of $43.3 million. That’s crazy,” said Kinew.

Policy change gives Manitoba renters a break from proposed hikes

Aidan Wilson said he was reduced to tears after getting a call from Premier Wab Kinew’s office.

He’d just learned tenants of a West Broadway apartment, including himself, would no longer pay a hundreds-of-dollars monthly rent increase as of Nov. 1.

“It’s been a lot to deal with, it’s a lot to push for, and it’s a lot to speak up. All of these emotions just kind of came flooding out,” Wilson said Tuesday at a news conference alongside Kinew.

The premier announced that renters will not have to pay the increases until the provincial Residential Tenancies Branch hears landlords’ arguments and issues its decisions.

Shopify shares to trade on Nasdaq, moving from New York Stock Exchange

OTTAWA - Shopify Inc. is moving its U.S. stock exchange listing to the Nasdaq from the New York Stock Exchange, beginning March 31. 

The Canadian technology company says its TSX listing won't be affected, and its SHOP stock ticker will remain the same. 

The company did not provide a reason for the move. 

Last month, Shopify listed a U.S. address alongside its Canadian headquarters for the first time in an annual regulatory filing with the U.S. Securities and Exchange Commission.