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 (16,074.30, up 0.72 of a point) Aurora Cannabis Inc. (TSX:ACB). Healthcare. Up 32 cents, or 4.98 per cent, to $6.74 on 20.3 million shares. The Alberta-based cannabis producer has signed a deal to acquire greenhouse design firm Larssen Ltd. Aurora says it intends to use its ownership of Larssen to pressure other... Read More

CPPIB buying 30 per cent interest in BGL Group for $1.1 billion

CPPIB buying 30 per cent interest in BGL Group for $1.1 billion
TORONTO — The Canada Pension Plan Investment Board has signed a $1.1-billion deal to acquire a 30 per cent stake in BGL Group, a digital distributor of insurance and financial services. BGL Group’s brands include Comparethemarket.com, LesFurets.com and online life insurer BeagleStreet.com. Under the deal, CPPIB will nominate a non-executive director to represent it on the BGL board. BHL, the... Read More

Grocer Metro Inc. reports fourth-quarter profit up from year ago, sales higher

Grocer Metro Inc. reports fourth-quarter profit up from year ago, sales higher
MONTREAL — Metro Inc. is looking to expand its online grocery offerings to Ontario next year as the food retailing industry ramps up e-commerce options for shoppers. The company already offers “click and collect” in seven stores and home delivery service in Greater Montreal, Quebec City and Gatineau, Que., covering 60 per cent of the population of Quebec, Metro CEO Eric... Read More

Tragically Hip-backed Newstrike confirms merger talks with CanniMed

Tragically Hip-backed Newstrike confirms merger talks with CanniMed
TORONTO — Newstrike Resources Ltd. has confirmed that it has entered an exclusivity agreement with CanniMed about potentially combining the two businesses. The Tragically Hip-backed company (TSX-V:HIP) says it will continue to negotiate the proposed deal, which would see Newstrike shareholders receive 3.3 CanniMed shares for every 100 they hold in Newstrike. News of the proposed deal surfaced after Aurora Cannabis Inc. (TSX:ACB) made an unsolicited takeover... Read More

CanniMed tells shareholders to wait while it reviews Aurora offer

CanniMed tells shareholders to wait while it reviews Aurora offer
TORONTO — CanniMed Therapeutics Inc. is urging shareholders to wait until the company has time to review an unsolicited takeover offer by Aurora Cannabis Inc. before doing anything. The company says that it has not received a formal written offer from Aurora Cannabis Inc. (TSX:ACB), but that it would review the terms set out in the press release and respond by the... Read More

Aurora moves to acquire rival licensed marijuana producer CanniMed

Aurora moves to acquire rival licensed marijuana producer CanniMed
VANCOUVER — Licensed marijuana producer Aurora Cannabis Inc. (TSX:ACB) has proposed an acquisition of CanniMed Therapeutics Inc. (TSX:CMED) that offers shareholders a 57 per cent premium. The Vancouver-based company wants to acquire all of CanniMed’s issued and outstanding stock in an all-share deal worth up to $24, or about 3.7 Aurora shares per CanniMed share based on Aurora’s closing price of $6.41 Tuesday. CanniMed’s shares closed at $15.30 Tuesday.... Read More

Pot companies gear up at home, cast global net in strong quarter: analysts

Pot companies gear up at home, cast global net in strong quarter: analysts
TORONTO — Canadian marijuana companies were riding high in the latest quarter as they ramped up production capacity ahead of the deadline for the legalization of recreational cannabis next summer while also extending their reach outside the country’s borders, analysts say. Canopy Growth Corp. (TSX:WEED), Canada’s largest licensed marijuana producer, was the latest to report its second-quarter earnings, posting a $1.3-million loss... Read More

Toronto stock index plunges on tumbling energy prices, loonie loses ground

Toronto stock index plunges on tumbling energy prices, loonie loses ground
TORONTO — Canada’s largest stock index nose-dived Tuesday while U.S. stocks slumped as the price of oil saw its biggest single-day drop since October. The S&P/TSX composite index retreated 113.13 points to 15,913.13, with the energy sector leading the broad-based decline as the December crude contract fell US$1.06 to US$55.70 per barrel. In New York, the Dow Jones industrial average was down 30.23 points... Read More

Wall Street tumbles on news that Trump’s tax cuts may be delayed, TSX down

Wall Street tumbles on news that Trump’s tax cuts may be delayed, TSX down
TORONTO — Canada’s main stock index headed lower Thursday as American stocks dropped sharply on news that U.S. President Donald Trump’s tax cut plans may be delayed. The S&P/TSX composite index was down 23.26 points to 16,082.09 in a broad-based decline that saw most major sectors finish in the red. South of the border, cautious investors initiated a sell-off, with... Read More

Layoffs coming: Premier says Saskatchewan looking for more uranium markets

Layoffs coming: Premier says Saskatchewan looking for more uranium markets
REGINA — Premier Brad Wall says Saskatchewan will keep trying to open up markets for uranium in India and China in light of coming industry layoffs in the province’s north. Cameco (TSX:CCO) said on Wednesday that it will temporarily suspend operations at its McArthur River mine and Key Lake milling operation by the end of January because of low uranium prices. About 845 workers... Read More