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Annual inflation rate jumped to 3.0% in July, highest reading since 2011

Annual inflation rate jumped to 3.0% in July, highest reading since 2011
OTTAWA — Higher gasoline prices helped push the country’s annual inflation rate in July to its highest reading since September 2011, Statistics Canada said Friday. The federal agency said the consumer price index for July was up 3.0 per cent on a year-over-year basis, up from a 2.5 per cent increase in June. Economists had expected a year-over-year inflation rate of 2.5... 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 (16,225.65, up 77.15 points) Aurora Cannabis Inc. (TSX:ACB). Healthcare. Down 13 cents, or 2.04 per cent, to $6.25 on 11.48 million shares. Canopy Growth Corp. (TSX:WEED). Healthcare. Down $1.52, or 3.6 per cent, to $40.68 on 8.58 million shares. MEG Energy Corp. (TSX:MEG). Oil and gas.... Read More

Air Canada exec Benjamin Smith to become new CEO at Air France-KLM

Air Canada exec Benjamin Smith to become new CEO at Air France-KLM
MONTREAL — Air Canada’s chief operating officer Ben Smith has been named the new CEO of Air France-KLM. The longtime No. 2 at Air Canada will be the first non-French national to helm the Franco-Dutch airline. Smith will replace former Air France CEO Jean-Marc Janaillac, who quit more than three months ago when staff turned down his offer of a pay deal aimed... Read More

Bell Media signs new long-term broadcast agreement with Vice Media

Bell Media signs new long-term broadcast agreement with Vice Media
TORONTO — Bell Media has signed a new long-term agreement that will see it become the exclusive Canadian broadcaster for new programming from Vice Media’s U.S. network Viceland. The shows will debut on multiple Bell Media platforms, including CraveTV, in the fall, the companies said. They say new Vice shows will exclusively air on television on Bell Media channels, while it... Read More

Canopy Growth head talks U.S. expansion plans after $5B investment

Canopy Growth head talks U.S. expansion plans after $5B investment
TORONTO — The head of Canopy Growth is talking more aggressively about expansion in the United States, if and when the drug becomes legal there, a day after the marijuana producer announced a $5-billion infusion of cash. Chief executive Bruce Linton says he has lined up an option to acquire a “humongous” greenhouse in California as part of a broader strategy to enter the... Read More

Second Cup says it may convert Ontario coffee shops to cannabis stores

Second Cup says it may convert Ontario coffee shops to cannabis stores
OTTAWA — The Second Cup Ltd. says it is actively reviewing locations in Ontario for potential conversion to cannabis retail stores in light of policy changes in the province. The company’s announcement comes after Ontario’s Progressive Conservative government said it would allow private retailers to sell recreational marijuana starting next April. Second Cup had announced a partnership with marijuana clinic operator... 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 (16,148.50, down 182.17 points) Aurora Cannabis Inc. (TSX:ACB). Healthcare. Up $1.04, or 19.48 per cent, to $6.38 on 32.12 million shares. Canopy Growth Corp. (TSX:WEED). Healthcare. Up $10.04, or 31.26 per cent, to $42.20 on 18.39 million shares. The company rallied sharply after alcohol giant Constellation Brands said... Read More

Nexen reports 270,000-litre pipeline spill of produced water in northern Alberta

Nexen reports 270,000-litre pipeline spill of produced water in northern Alberta
CALGARY — A month after being ordered to pay $750,000 in fines related to a 2015 pipeline leak, Nexen Energy is reporting a spill of 270,000 litres from a different pipeline in the same area of northern Alberta. The Alberta Energy Regulator says in a post on its website that Nexen, a subsidiary of state-owned China National Offshore Oil Co. Ltd. or CNOOC,... Read More

BMO launches blockchain-based pilot for fixed-income transactions

BMO launches blockchain-based pilot for fixed-income transactions
TORONTO — The Bank of Montreal’s capital markets arm says it has successfully launched a pilot involving the use of blockchain in a Canadian dollar debt deal transaction. BMO Capital Markets says the fixed-income issuance transaction included the bank as the issuer and the Ontario Teachers’ Pension Plan as the buyer of $250 million of one-year floating rate deposit notes. The bank... Read More

Metro faces supplier pressure, expects higher grocery prices in the future

Metro faces supplier pressure, expects higher grocery prices in the future
Canadian grocery giant Metro Inc. is already facing pressure from suppliers to accept higher prices in light of a recent tariff war with the United States and consumers should expect slightly higher food bills in the future, its CEO said Wednesday. “We’re starting to get demands from some suppliers who are, whose products will be, affected by the new tariffs,” Eric La Fleche said during... Read More