Notley puts task force to work, vows to keep pressure on B.C. in pipeline fight

Notley puts task force to work, vows to keep pressure on B.C. in pipeline fight
EDMONTON — Alberta Premier Rachel Notley has convened the first meeting of a task force of academics and business leaders in her fight with B.C. over the Trans Mountain oil pipeline. Notley says British Columbia has no legal right to interfere in federal projects like pipelines and she plans to “keep the pressure on” until B.C. backs down. The 19-member panel... Read More

CRA executes 3 search warrants in Panama Papers-related tax investigation

CRA executes 3 search warrants in Panama Papers-related tax investigation
CALGARY — The Canada Revenue Agency says it executed three search warrants Wednesday as part of a criminal investigation related to the so-called Panama Papers data leak. The CRA says in a statement that about 30 of its criminal investigators, as well as RCMP and West Vancouver Police, searched for evidence at undisclosed locations in Calgary, West Vancouver and the... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (15,328.27, up 111.80 points) Eldorado Gold Corp. (TSX:ELD). Miner. Up eight cents, or 5.76 per cent, to $1.47 on 14.9 million shares. Nevsun Resources Ltd. (TSX:NSU). Miner. Up nine cents, or 3.28 per cent, to $2.83 on 10.7 million shares. BioAmber Inc. (TSX:BIOA). Chemicals. Down 4.5 cents, or 34.62 per cent,... Read More

Goldcorp sees net profits more than double to US$242 million on one-offs

Goldcorp sees net profits more than double to US$242 million on one-offs
VANCOUVER — Goldcorp Inc. says it more than doubled net earnings in the fourth quarter to US$242 million thanks in part to a boost from one-off items. The company says earnings, which work out to $0.28 per share, are up from US$101 million or $0.12 per share in the fourth quarter last year. Earnings were boosted by non-cash or other items including US$156 million... Read More

Canadian Tire buys Sher-Wood Athletics Group’s global hockey trademarks

Canadian Tire buys Sher-Wood Athletics Group’s global hockey trademarks
TORONTO — Canadian Tire Corp. says it has acquired Sher-Wood Athletics Group Inc.’s global hockey trademarks. The retailer says that INA International Ltd., a division of the company, acquired the trademarks. It says the deal also includes Sher-Wood’s related inventory. The Sherbrooke, Que.-based company has been in operation for more than 60 years. It manufactures and distributes hockey gear and hockey licensed... Read More

Six marijuana companies announce deals to supply Quebec with cannabis

Six marijuana companies announce deals to supply Quebec with cannabis
MONTREAL — Six companies announced they have signed letters of intent with Quebec’s liquor board to supply cannabis and related products. The companies individually announced the deals with the Crown corporation, which is overseeing marijuana sales in the province through a subsidiary when it becomes legal later this year. The Hydropothecary Corp., which is based in Quebec, will provide 20,000 kilograms of... Read More

Teck Resources reports $760M profit in Q4, up from $697M a year earlier

Teck Resources reports $760M profit in Q4, up from $697M a year earlier
VANCOUVER — Teck Resources Ltd. reported a fourth-quarter profit of $760 million, boosted by the reversal of an impairment charge related to an improvement in the outlook for steelmaking coal prices. The miner says the profit amounted to $1.32 per share for the three months ended Dec. 31 compared with a profit of $697 million or $1.21 per share a... Read More

Canopy Growth more than doubles third-quarter revenue compared with year ago

Canopy Growth more than doubles third-quarter revenue compared with year ago
SMITHS FALLS, Ont. — Licensed marijuana producer Canopy Growth Corp. more than doubled its third-quarter revenue compared with a year ago. The Smiths Falls, Ont.-based company reported revenue of $21.7 million for the quarter ended Dec. 31, up more than double from $9.8 million in the last three months of 2016. Chairman and chief executive Bruce Linton said the results were driven by a significant... Read More