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.

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