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Five things to watch for in the Canadian business world in the coming week

Five things to watch for in the Canadian business world in the coming week
TORONTO — Five things to watch for in the Canadian business world in the coming week: Big business convention The International Economic Forum of the Americas’ Toronto Global Forum kicks off Monday, featuring business leaders and government representatives including RBC chief David McKay, BlackBerry CEO John Chen and Foreign Affairs Minister Chrystia Freeland. Runs through Dec. 12. CMHC report Canada Mortgage... Read More

Little-known among consumers, Huawei has high profile in Canadian tech networks

Little-known among consumers, Huawei has high profile in Canadian tech networks
TORONTO — Before the arrest of Huawei Technologies’ chief financial officer Meng Wanzhou in Vancouver last weekend, the Chinese company wasn’t a household name in Canada — certainly not in the league of an Apple, Samsung or BlackBerry. However, the Chinese tech giant considered by several of Canada’s allies as a security threat has quietly established itself as an important provider of technology essential... Read More

Shoppers Drug Mart granted licence to sell medical marijuana online

Shoppers Drug Mart granted licence to sell medical marijuana online
TORONTO — Shoppers Drug Mart has been granted a licence to sell medical marijuana online. Health Canada’s list of authorized cannabis sellers and producers has been updated to reflect that the pharmacy can sell dried and fresh cannabis, as well as plants, seeds and oil. A website has been set up by the company, which says that patients “with a... Read More

Junior oil firms cut dividends, output despite crude oil price rebound

Junior oil firms cut dividends, output despite crude oil price rebound
CALGARY — Prices for western Canadian oil continued to strengthen on Friday as markets adjusted to a plan by the Alberta government to eliminate a glut of oil that has plagued producers for months. After hitting highs of more than US$52 per barrel in October, the discount on Western Canadian Select bitumen-blend crude versus New York-traded West Texas Intermediate settled at about... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (14,795.13, down 141.87 points)   Aphria Inc. (TSX:APH). Healthcare. Down 62 cents, or 8.21 per cent, to $6.93 on 33.5 million shares. Aurora Cannabis Inc. (TSX:ACB). Healthcare. Up 55 cents, or 7.80 per cent, to $7.60 on 18.9 million shares. Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Up seven cents, or 3.21 per cent, to... Read More

PETA threatens to sue City of Toronto and Astral Media over Canada Goose ads

PETA threatens to sue City of Toronto and Astral Media over Canada Goose ads
TORONTO — The People for the Ethical Treatment of Animals is threatening to sue the City of Toronto and Astral Media for removing anti-Canada Goose ads. The animal rights group says Astral took down the ads that criticized the Toronto-based luxury jacket maker for using goose down and coyote fur in its jackets. The ads featured images of both animals with captions “I’m a... Read More

Aurora Cannabis to supply medical pot to Mexico through partnership

Aurora Cannabis to supply medical pot to Mexico through partnership
EDMONTON — Aurora Cannabis says it will supply medical cannabis to Mexico through a partnership with pharmaceutical manufacturer and distributor Farmacias Magistrales. Farmacias recently got the green light to import cannabis, which Aurora says is the first and only import license granted by federal Mexican authorities to date. Aurora’s chief executive Terry Booth says the exclusive partnership expands the cannabis grower’s early mover advantage in... Read More

China retaliation against Canadian companies unlikely for now: experts

China retaliation against Canadian companies unlikely for now: experts
VANCOUVER — Fears of retaliation against China-based staff of Canadian companies in the wake of a Chinese tech exec’s arrest in Canada are overblown at the moment, but experts say that could change if the situation escalates. Meng Wanzhou, CFO of Chinese telecom giant Huawei Technologies, was arrested at Vancouver’s airport while in transit on Dec. 1. and faces extradition to the United... Read More

Supremex cuts 41 jobs from Canadian envelope workforce in cost-reduction measure

Supremex cuts 41 jobs from Canadian envelope workforce in cost-reduction measure
MONTREAL — Supremex Inc. is cutting 41 employees at its Canadian envelope manufacturing operations in a cost-saving measure as it diversifies its business to include more packaging products. The company, headquartered in the Montreal community of LaSalle, says the cuts affect eight per cent of its Canadian envelope workforce. It currently operates 12 facilities across seven provinces in Canada and three facilities... Read More

Junior oil firms cutting dividends, output as prices remain ’embarrassingly low’

Junior oil firms cutting dividends, output as prices remain ’embarrassingly low’
CALGARY — A pair of junior Calgary oil companies are cutting payouts to shareholders and reducing production because of current steep discounts on western Canadian oil prices. Both Cardinal Energy Ltd. and Granite Oil Corp. say they can’t afford to wait and see if production cuts imposed by the Alberta government starting Jan. 1 will work to drain a glut of... Read More