Maple Leaf Foods to spin off pork business into new public company

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Maple Leaf Foods Inc. says it plans to spin off its pork business into a new publicly traded company.

Under the plan, existing Maple Leaf shareholders will receive shares in the new company, while Maple Leaf will keep a 19.9 per cent ownership position.Maple Leaf says the new pork company will continue to provide Maple Leaf Foods with a secure supply of pork at market prices for its prepared foods business.

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An air quality advisory is in effect for parts of Metro Vancouver and the Fraser valley, as a heat wave blanketing the region produces elevated levels of smog.A baby has serious injuries after being struck by the driver of a vehicle in south Etobicoke on Monday night, say paramedics.

An injunction blocking the Canadian Revenue Agency from garnishing Saskatchewan's bank account has been successful, according to the province.A lengthy 93 long years after it first hit the track, CPKC's 2816 locomotive known "The Empress" has embarked on its "Final Spike Tour."Environment and Climate Change Canada , along with Health Canada, are issuing warnings ahead of extreme heat coming to Sask. later this week.Guelph, Ont.

 

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