Inflation eases to 2.8% as gas price growth slows; core numbers creeps up

Inflation eases to 2.8% as gas price growth slows; core numbers creeps up
OTTAWA — The country’s annual inflation rate eased to 2.8 per cent in August as still-rising gasoline prices advanced at a more-moderate pace, Statistics Canada said Friday. The agency’s latest number came in just below the previous month’s three per cent reading, which had pushed inflation to the top end of the Bank of Canada’s target range with the fastest price growth in seven years. The August result matched the expectations of economists, according to Thomson... Read More

Alimentation Couche-Tard taking a more laid-back approach to selling pot

Alimentation Couche-Tard taking a more laid-back approach to selling pot
LAVAL, Que. — The chairman of Alimentation Couche-Tard Inc. says reluctance from the company’s own employees and broader uncertainty about the North American cannabis market are preventing it from charging into the blossoming sector. “There’s opinions all over the place. If you talk to our people, it’s like 50-50,” said Alain Bouchard, co-founder of the Quebec-based convenience store giant. “It... 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 (16,214.75,  up 64.83 points). Aurora Cannabis Inc. (TSX:ACB). Health care. Up $1.38, or 12.70 per cent, to $12.25 on 56.5 million shares. RNC Minerals. (TSX:RNX). Metals. Up four cents, or 10.4 per cent, to 42.5 cents on 27.5 million shares. Neovasc Inc. (TSX:NVCN). Health care. Up a half of a cent, or... Read More

Saskatchewan approves new wind energy project with 56 turbines

Saskatchewan approves new wind energy project with 56 turbines
HERBERT, Sask. — The Saskatchewan government says a large-scale wind energy project has been approved for the province’s southeast as a way to reduce greenhouse gas emissions. The Blue Hill Wind Energy Project will be located south of Herbert, Sask., and is expected to have 56 wind turbines. Environment Minister Dustin Duncan says the project demonstrates the government’s commitment to renewable energy. Saskatchewan has... Read More

Toronto stocks edge higher, while Dow posts triple-digit gain; Loonie up

Toronto stocks edge higher, while Dow posts triple-digit gain; Loonie up
TORONTO — Gains in the financial, health care and industrials sectors helped Canada’s main stock index edge higher in late-morning trading, while U.S. markets surged higher. The S&P/TSX composite index was up 9.54 points at 16,159.46. In New York, the Dow Jones industrial average was up 218.40 points at 26,624.16. The S&P 500 index was up 17.10 points at 2,925.05,... Read More

Canopy Growth’s venture capital arm goes public on TSX Venture exchange

Canopy Growth’s venture capital arm goes public on TSX Venture exchange
TORONTO — The venture capital arm of marijuana company Canopy Growth goes public on the TSX Venture exchange today amid a cannabis stock craze. Canopy Rivers, a subsidiary which pursues investment opportunities in the marijuana sector, begins trading today under the ticker symbol, “RIV” via a reverse-takeover of AIM2. Its investment portfolio includes licensed producer Agripharm and Solo Growth, a retail cannabis distributor.... Read More

Alexco Expands Bermingham Mineral Resource Estimates, Yukon

Alexco Expands Bermingham Mineral Resource Estimates, Yukon
VANCOUVER – Alexco Resource Corp. (NYSE American: AXU) (TSX:AXR) today reports an updated and expanded mineral resource estimate for the Bermingham deposit, located within the Keno Hill Silver District in Canada’s Yukon Territory. As a result of exploration work conducted in 2017 and 2018, the Bermingham indicated mineral resources have expanded from 17.3 million ounces to 33.3 M ounces of contained silver at an average... Read More

The hunt for online herb: feds seek dope on hazy world of pot’s ‘cryptomarket’

The hunt for online herb: feds seek dope on hazy world of pot’s ‘cryptomarket’
OTTAWA — The federal government insists pot legalization will help the country snuff out crime — but internally it’s wondering what will become of the fuzzy world of illegal online weed transactions. In less than a month, Canada will become the first industrialized country to legalize recreational marijuana. The Liberal government has argued the end of cannabis prohibition will prevent criminals and, in particular, organized crime from getting their hands on the lucrative proceeds... Read More

BMO chief executive worried about trade, but confident about NAFTA deal

BMO chief executive worried about trade, but confident about NAFTA deal
TORONTO — The chief executive of the Bank of Montreal says that while the Canadian economy is showing positive growth in almost every province, one economic headwind worries him the most: trade. But as Canada’s negotiating team in Washington continues to try and bridge a divide that’s keeping the country out of a North American free trade pact, Darryl White says he believes a deal will eventually come... Read More