DavidsTea evaluating options, including sale, just two years after going public

DavidsTea evaluating options, including sale, just two years after going public
MONTREAL — Canadian beverage retailer DavidsTea is evaluating its strategic options more than two years after it went public and soon after rival Teavana shut its doors. The Montreal-based company announced the move Thursday while reporting weaker than expected third-quarter results. DavidsTea (NASDAQ:DTEA) says its losses surged 30 per cent to $6.5 million from $5 million a year ago. That... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (16,015.68, up 106.90 points) Aurora Cannabis Inc. (TSX:ACB). Health care. Down 32 cents, or 4.57 per cent, to $6.68 on 21.3 million shares. Precision Drilling Corp. (TSX:PD). Oil and gas. Up five cents, or 1.48 per cent, to $3.42 on 6.1 million shares. Crescent Point Energy (TSX:CPG). Oil and gas. Up... Read More

Market factors, not national strategies, make housing affordable

Market factors, not national strategies, make housing affordable
The federal government’s new National Housing Strategy will benefit specific groups but doesn’t target broader affordability issues in Canada’s most expensive housing markets. The strategy includes a portable “housing benefit” of $2,500 per year, on average, to low-income households. It also proposes the construction or renovation of hundreds of thousands of social housing units. But there are obvious gaps in... Read More

U.S. agency rules against Canada; says softwood imports harm American industry

U.S. agency rules against Canada; says softwood imports harm American industry
Canada’s softwood lumber industry suffered another blow after the U.S. International Trade Commission unanimously voted Thursday that its imports have harmed the American lumber industry. In a 4-0 vote, the agency sided with the U.S. lumber coalition. The U.S. Commerce Department last month lowered preliminary duties. Most Canadian producers will pay a combined countervailing and anti-dumping rate of 20.83 per cent, down from... Read More

Condo sales surge pushes Montreal area real estate to best November in eight years

Condo sales surge pushes Montreal area real estate to best November in eight years
MONTREAL — The Greater Montreal Real Estate Board says the region set a November record for condominium sales, which helped fueled a 12 per cent increase in overall residential transactions compared with the same month last year. The number of condo sales across the region surged 23 per cent from last year to 1,137 in the month as the suburbs north and south... Read More

BlackBerry, Qualcomm to expand collaboration in connected-car technology

BlackBerry, Qualcomm to expand collaboration in connected-car technology
WATERLOO, Ont. — BlackBerry Ltd. (TSX:BB) has formed a strategic collaboration to develop technology for the next generation of connected vehicles with a subsidiary of Qualcomm Inc., a major semiconductor company. The Waterloo, Ont.-based company says it has agreed to help optimize select Qualcomm hardware platforms to work with BlackBerry’s QNX software, which is used to manage features of wirelessly connected cars such as... Read More