Take stock – June 11

Ikea Canada is voluntarily recalling more than 1.5 million blinds, saying the window coverings could cause strangulation.

Ikea Canada recalls 1.5 million blinds

TORONTO — Ikea Canada is voluntarily recalling more than 1.5 million blinds, saying the window coverings could cause strangulation. Spokeswoman Madeleine Lowenborg-Frick says the recall covers all roman, roller and roll-up blinds sold over the past several years. She says the blinds can cause strangulation if the installation instructions are not followed properly.

A similar recall, affecting more than three million blinds, was issued across the United States after a toddler was nearly strangled by the cord.

Lowenborg-Frick says there have been no reports of injuries or deaths in Canada, but says one U.S. resident was killed in 2008. Anyone who purchased the blinds is encouraged to return them to any Ikea store for a full refund. The recall covers all blinds produced over an 11-year period from 1998 to 2009.


Western financial group to raise $25M in equity

HIGH RIVER — Western Financial Group Inc. (TSX:WES) said Thursday it has signed a deal to raise at least $25 million. The company said it has signed a agreement with a syndicate of underwriters co-led by TD Securities Inc. and GMP Securities L.P., for roughly 5.7 million shares at a price of $2.65 per share to raise $15 million. Western Financial also granted the underwriters an over-allotment option for up to an additional 849,750 shares at the same offering price. In addition, Western Financial has agreed to sell $10 million of its common shares to certain institutional investors on a private placement basis at a price of $2.65 per share. Both the private placement and the public offering are expected to close June 29.

The cash raised will be added to working capital and used to fund the company’s insurance brokerage acquisition program and for general corporate purposes.

Western Financial provides insurance, financial services and banking services in over 90 communities.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Alberta Premier Jason Kenney updates media on measures taken to help with COVID-19, in Edmonton on Friday, March 20, 2020. Alberta is set to join three other provinces in exploring the feasibility of small modular reactors as a clean energy option. THE CANADIAN PRESS/Jason Franson
Four provinces to sign memorandum of understanding to explore small nuclear reactors

Alberta, Ontario, Saskatchewan and New Brunswick sign memorandum of understanding

FILE - In this Nov. 17, 2016, file photo, Chris Kempczinski, then-incoming president of McDonald’s USA, speaks during a presentation at a McDonald’s restaurant in New York’s Tribeca neighborhood. On Wednesday, April 14, 2021, McDonald’s said the company will mandate worker training to combat harassment, discrimination and violence in its restaurants worldwide starting in 2022. (AP Photo/Richard Drew, File)
McDonald’s to mandate anti-harassment training worldwide

New standards starting in January 2022

Grounded WestJet Boeing 737 Max aircrafts are shown at the airline’s facilities in Calgary, Alta., Tuesday, May 7, 2019. WestJet says it will extend its temporary suspension of international sun flights to destinations in Mexico and the Caribbean until June 4. THE CANADIAN PRESS/Jeff McIntosh
WestJet extends temporary suspension of international sun flights until June

Customers with affected itineraries will be notified of cancellations

NATO Secretary General Jens Stoltenberg, right, and United States Secretary of State Antony Blinken participate in a media conference at NATO headquarters in Brussels, Wednesday, April 14, 2021. United States Secretary of State Antony Blinken is in Brussels on Wednesday for talks with European and NATO allies about Afghanistan, Ukraine and other matters. (Kenzo Tribouillard, Pool via AP)
US co-ordinates Afghanistan pullout with NATO withdrawal

Attacks on U.S. troops have largely paused but that Taliban attacks on the Afghans increased

Demonstrators take cover from crowd-dispersal munitions from police outside the Brooklyn Center Police Department while protesting the shooting death of Daunte Wright, late Tuesday, April 13, 2021, in Brooklyn Center, Minn. (AP Photo/John Minchillo)
Minnesota shooting charging decision awaited, protests go on

Police and protesters faced off once again after nightfall Tuesday

In this Nov. 12, 1995, file photo, Buffalo Bills head coach Marv Levy looks on during the second quarter of the Bills game against the Atlanta Falcons at Rich Stadium in Orchard Park, N.Y. THE CANADIAN PRESS/AP/Bill Sikes, File
Former Alouettes head coach Marv Levy tops 2021 Canadian Football Hall of Fame class

The ‘21 class will boost the Hall of Fame’s membership to 316

Dr. Robert Strang, chief medical officer of health, provides an update on health system preparations in Nova Scotia for the coronavirus that causes COVID-19, in Halifax on Friday, March 6, 2020. Strang says plans are in place to stage the women’s world hockey championship in the province next month with limited spectators.THE CANADIAN PRESS/Andrew Vaughan
Nova Scotia plans to allow limited crowds at women’s world hockey championship

All 10 teams in Halifax and Truro must participate in a 14-day quarantine

”Kim’s Convenience” cast member Andrew Phung poses in this undated handout photo. “Kim’s Convenience” has just ended but Andrew Phung is already “knee-deep in ideas and stories” for his next project, “Run the Burbs.” The Calgary-raised actor, who played comical car-rental employee Kimchee on “Kim’s,” co-created the upcoming comedy series and will star in it as a stay-at-home dad with an entrepreneur wife and two kids. THE CANADIAN PRESS/HO - CBC
‘Kim’s Convenience’ actor Andrew Phung on crafting his own series, ‘Run the Burbs’

‘Run the Burbs’ production could start in the summer or fall

Canisia Lubrin poses in this undated handout photo. Rising literary talent Canisia Lubrin is among the Canadian finalists for the $65,000 Griffin Poetry Prize. The Griffin Trust announced the three homegrown wordsmiths and four international poets on this year’s short list on Wednesday. Lubrin, who recently received the US$165,000 Windham-Campbell Prize, is nominated for “The Dyzgraphxst” (pronounced diss-graff-ist), published by McClelland and Stewart. THE CANADIAN PRESS/HO - Anna Keenan
Rising writer Canisia Lubrin among Canadian finalists for $65K Griffin Poetry Prize

Griffin will award two winners, one international and one Canadian

A prairie fire in the Burnt Lake district. (Photo by Bert Fors via Red Deer Archives)
Michael Dawe: Fires of spring 1931 in central Alberta

Central Alberta has just come through a relatively warm and dry winter… Continue reading

Gwynne Dyer
Opinion: Boris Johnson is to blame for what’s happening in Ireland

Twenty-three years of peace in Northern Ireland, after a sectarian war that… Continue reading

Canada's Sarah Pavan and Melissa Humana-Paredes, fom left, celebrate after winning women's gold medal match against Brazil's team at the Beach Volley Worldtour Major Series, in Vienna, Austria on August 4, 2019. THE CANADIAN PRESS/AP, Ronald Zak
Canada’s world champion beach volleyball duo finally getting games before Tokyo

Canada’s world champion beach volleyball duo finally getting games before Tokyo

Toronto Raptors center Khem Birch (24) gets fouled by Atlanta Hawks guard Bogdan Bogdanovic (13) during the first half of an NBA basketball game Tuesday, April 13, 2021, in Tampa, Fla. (AP Photo/Chris O'Meara)
Bogdanovic, Capela lead Hawks past Raptors 107-103

Bogdanovic, Capela lead Hawks past Raptors 107-103

Most Read