Weston family’s Choice Properties buying Canadian REIT for $3.9 billion

Weston family’s Choice Properties buying Canadian REIT for $3.9 billion
TORONTO — The Weston family is poised to create Canada’s largest real estate investment trust through a $3.9-billion deal for its publicly traded Choice Properties REIT to buy Canadian Real Estate Investment Trust. The combination of Choice Properties, which counts Loblaw as its principal tenant and largest unitholder, and CREIT will create a company with a diversified portfolio of 752... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (16,094.72, down 144.50 points) Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Up six cents, or 1.69 per cent, to $3.60 on 19.23 million shares. Bombardier’s unexpected win at the U.S. International Trade Commission could accelerate the merger talks between Boeing and Embraer in order to offer an alternative to the... Read More

Apotex president and CEO steps down amid allegations of trade secret leaks

Apotex president and CEO steps down amid allegations of trade secret leaks
TORONTO — Apotex Inc. president and CEO Jeremy Desai resigned effective immediately Friday from the generic drug giant founded by the recently deceased billionaire Barry Sherman. Desai’s resignation comes as he faces allegations in a U.S. lawsuit from Teva Pharmaceutical Industries Ltd. for allegedly accepting trade secrets from a Teva employee that he was thought to be in a romantic relationship with. The lawsuit, filed last July in... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (16,347.98, down 5.48 points) Aurora Cannabis Inc. (TSX:ACB). Healthcare. Up $1.02, or 7.57 per cent, to $14.50 on 22.6 million shares. CanniMed Therapeutics Inc. (TSX:CMED) (up $3.02, or 8.69 per cent, to $37.79 on 811,894 shares) says its truce with rival medical marijuana company Aurora Cannabis will continue past the original Monday... Read More

Shoppers Drug Mart optimistic on pharmacies selling pot, signs 3rd supply deal

Shoppers Drug Mart optimistic on pharmacies selling pot, signs 3rd supply deal
TORONTO — Shoppers Drug Mart has lined up its third cannabis supply agreement as part of its ambition to dispense the drug amid what experts say is increasing support among pharmacists to distribute medical pot and expectations that the regulatory framework needed will come to fruition. The latest deal, announced Friday, is with B.C.-based licensed marijuana producer Tilray Canada Ltd. to supply branded medical... Read More

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: Valeant headed to court Valeant Pharmaceuticals International Inc. is scheduled to appear in U.S. court alongside activist investor Bill Ackman’s Pershing Square on Tuesday to discuss the proposed settlement in an insider trading lawsuit. Pershing Square and Valeant decided in late 2017 to pay... Read More

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: Bank of Canada reveals business outlook The central bank’s quarterly survey of companies is released on Monday, and will hopefully provide a clearer picture of Canada’s business climate. The bank’s previous survey showed that optimism remained intact despite higher interest rates and predictions that... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (16,131.64, up 89.66 points) Canopy Growth Corp. (TSX:WEED). Healthcare. Up $1.10, or 5.64 per cent, to $20.62 on 5.7 million shares. Canada’s largest licensed marijuana producer has signed a joint-venture deal with Les Serres Stephane Bertrand Inc., a large-scale tomato greenhouse operator in Quebec. The joint venture... 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 (up 22.56 points to 16,136.59, a record high) Aurora Cannabis Inc. (TSX:ACB). Healthcare. Down 24 cents, or 3.31 per cent, to $7.00 on 7.2 million shares. Element Fleet Management Corp. (TSX:EFN). Financial Services. Unchanged at $10.46 on 7.01 million shares. Aphria Inc. (TSX:APH). Healthcare. Down $1.00, or 6.60 per cent, to $14.15... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,114.03, up 10.52 points) Aurora Cannabis Inc. (TSX:ACB). Health care. Down seven cents, or 0.96 per cent, to $7.24 on 8.7 million shares. Katanga Mining Ltd. (TSX:KAT). Miner. Up 34 cents, or 25.37 per cent, to $1.68 on 7.4 million shares. Imvescor Restaurant Group Inc. (TSX:IRG). Restaurants. Down 11 cents, or 2.63... Read More