Empire to expand FreshCo grocery chain in Western Canada amid restructuring woes

Empire to expand FreshCo grocery chain in Western Canada amid restructuring woes
Shares of Empire Co. Ltd. were down more than five per cent on Wednesday amid news it’s planning to convert up to a quarter of stores in Western Canada to its discount FreshCo banner as it struggles with industry challenges and increased labour costs. The company made the announcement after it posted a loss in its latest quarter as it was hit by... Read More

Bitcoin and blockchain start-ups cashing in on cryptocurrency frenzy

Bitcoin and blockchain start-ups cashing in on cryptocurrency frenzy
CALGARY — The investor frenzy driving bitcoin prices to precipitous heights is playing out on stock markets as well, as companies shift focus to cryptocurrencies to get in on the latest boom. “People are trying to surf off the wave of bitcoin by strategically changing their name,” said Jean-Philippe Vergne, co-director of the Scotiabank Digital Banking Lab at Western University. “There’s always... 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

Agrium buying Australian fertilizer business Macrofertil from Louis Dreyfus Co.

Agrium buying Australian fertilizer business Macrofertil from Louis Dreyfus Co.
CALGARY — Agrium Inc. has signed a deal to buy Macrofertil, a fertilizer distribution business in Australia, from Louis Dreyfus Co. Financial terms of the deal were not immediately available. The company (TSX:AGU) says the Macrofertil business includes six fertilizer storage and distribution assets with coating and blending capabilities, and about US$120 million in annual sales. The deal is subject... Read More

Hydropothecary cannabis expansion plans to put it among top producers in Canada

Hydropothecary cannabis expansion plans to put it among top producers in Canada
GATINEAU, Que. — Shares of Hydropothecary Corp. were up nearly 18 per cent after the licensed medical cannabis producer announced plans that will see it further grow its operations in Quebec. The company (TSXV:THCX) says it has acquired property adjacent to its existing facility in Gatineau, Que., to construct a new 93,000-square-metre greenhouse, increasing its production capacity to 108,000 kilograms of dried cannabis per year.... Read More

Canadian Natural Resources appoints new president to succeed Steve Laut

Canadian Natural Resources appoints new president to succeed Steve Laut
CALGARY — Canadian Natural Resources Ltd. is promoting a 27-year veteran of the company to president as part of a management succession plan. Canada’s largest producer of natural gas and one of its biggest oilsands companies says president Steve Laut will become executive vice-chairman in February and his current role will be filled by Tim McKay, an engineer who joined the company in 1990. McKay... Read More

MTY Food Group growing beyond the food court with deal to buy Imvescor for $248M

MTY Food Group growing beyond the food court with deal to buy Imvescor for $248M
MONTREAL — MTY Food Group Inc. is growing beyond the shopping mall food court with a $248-million stock-and-cash deal to buy Imvescor Restaurant Group Inc. and its full-service restaurant and grocery products businesses. The friendly deal will bring together such MTY banners as Thai Express, Vanellis and Manchu Wok with Imvescor’s Baton Rouge, Pizza Delight and Scores restaurants to create... 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 (16,103.51, up 7.44 points) Pure Technologies Ltd. (TSX:PUR). Technology. Up $4.47, or 100.68 per cent, to $8.91 on 13.2 million shares. The Calgary-based water pipeline technology and inspection company says it has agreed to be sold for more than half a billion dollars to New York-based Xylem Inc.... Read More

Onex Corp. to buy venue manager SMG Holdings for undisclosed price

Onex Corp. to buy venue manager SMG Holdings for undisclosed price
TORONTO — Onex Corp. (TSX:OCX) says it has agreed to acquire a U.S. company that manages hundreds of sports, entertainment and business venues including Soldier Field, home to the NFL’s Chicago Bears. The Toronto-based private equity company didn’t disclose how much it will pay for privately held SMG Holdings Inc., in partnership with its existing management team. The deal is... Read More

Calgary-based water pipeline company accepts $509M offer from New York partner

Calgary-based water pipeline company accepts $509M offer from New York partner
CALGARY — A Calgary-based water pipeline technology and inspection company says it has agreed to be sold for more than half a billion dollars to New York-based Xylem Inc. Pure Technologies Ltd. says the offering price of $9 per share or $509 million in cash is more than double its closing share price last Friday. The stock rose to $8.93 on Monday morning. Xylem CEO... Read More