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AltaGas, Descartes out with news, peak for year

AltaGas Ltd. (T.ALA) hit a new 52-week high of $30.22 Wednesday. AltaGas Ltd. (AltaGas) today announced that it has signed Electricity Purchase Agreements (EPAs) with BC Hydro for the McLymont Creek and Volcano Creek run-of-river hydroelectric projects.

Collectively, the three projects totaling approximately 277 MW are known as the Northwest Projects. They will be the anchor tenants for the Northwest Transmission Line, which will form the backbone of electrical infrastructure in northwest BC supporting job creation and industrial development. The projects will generate more than 400 direct jobs during construction and many times that in indirect economic benefits resulting from increased business activities in the area.

Descartes Systems Group Inc. (The) (T.DSG) hit a new 52-week high of $7.59 Wednesday. Descartes Systems Group, a global leader in logistics technology that unites business in commerce, acquired InterCommIT, a leading Netherlands-based provider of business-to-business (B2B) integration-as-a-service.

The InterCommIT network serves more than 800 customers by helping trading partners connect and collaborate to seamlessly exchange data electronically. Regardless of size or technological sophistication, InterCommIT customers have achieved operational excellence by increasing automation, improving logistics precision, reducing implementation times and accelerating the return on their investment.

Cogeco Inc. (T.CGO) hit a new 52-week high of $46.00 Wednesday. No news announcements today

Jean Coutu Group (PJC) Inc. (T.PJC.A) hit a new 52-week high of $13.13 Wednesday. No news announcements today

Pembina Pipeline Corporation (T.PPL) hit a new 52-week high of $27.55 Wednesday. No news announcements today

Ithaca Energy Inc. (T.IAE) hit a new 52-week high of $2.20 Wednesday. No news announcements today