Day: November 24, 2017

TMX leaves door open for clearing trades of pot stocks with U.S. activities

Editor
TMX leaves door open for clearing trades of pot stocks with U.S. activities
TORONTO — The company which owns and operates Canada’s only platform used to finalize stock trades says it is leaving the door open to clearing trades of issuers with marijuana-related activities in the U.S., where pot remains illegal under federal law, for certain exchanges. In August, the Globe and Mail reported that TMX Group Inc.-owned subsidiary and clearinghouse Canadian Depository... Read More

Most actively traded companies on the TSX

Editor
Most actively traded companies on the TSX
Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (16,108.09, up 33.79 points) Aurora Cannabis Inc. (TSX:ACB). Health care. Up 50 cents, or 7.42 per cent, to $7.24 on 19.8 million shares. Acerus Pharmaceuticals Corp. (TSX:ASP). Drug manufacturer. Up 6.5 cents, or 25.49 per cent, to 32 cents on 4.1 million shares. Husky Energy Inc. (TSX:HSE). Oil and gas.... Read More

WestJet launches new regional air service in Western Canada with Pacific Coastal

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WestJet launches new regional air service in Western Canada with Pacific Coastal
CALGARY — WestJet Airlines Ltd. (TSX:WJA) has introduced a new regional air service in Western Canada operating under a capacity purchase agreement with B.C.-based Pacific Coastal Airlines Ltd. WestJet Link will connect the Alberta communities of Lethbridge, Lloydminster and Medicine Hat and the B.C. communities of Cranbrook and Prince George to WestJet’s network hub at the YYC Calgary International Airport. All WestJet Link flights... Read More

Sobeys to cut 800 office jobs as part of reorganization of grocery business

Editor
Sobeys to cut 800 office jobs as part of reorganization of grocery business
TORONTO — The Sobeys grocery business will be cutting about 800 office jobs across Canada as part of efforts to create one efficient national organization out of five regional operations, the company announced Friday. “The future success of Sobeys, and our continued service to over 900 communities across the country, depends on our steadfast commitment to transform our business,” said... Read More

CEO Suzanne West vows to pursue greener path after oil firm splits with backers

Editor
CEO Suzanne West vows to pursue greener path after oil firm splits with backers
CALGARY — One of the few female CEOs in the Canadian oilpatch says she has parted ways with her American financial backers and her Calgary company’s oil and gas assets have been taken over by a newly-created entity. Suzanne West says Imaginea Energy Corp. has split with private equity firm Lime Rock Partners of Houston, and all parts of the company... Read More

Toronto, U.S. stock markets up in broad advance, loonie moves higher

Editor
Toronto, U.S. stock markets up in broad advance, loonie moves higher
TORONTO — The major stock indexes are up moderately this morning. with most of Toronto’s subsectors showing gains. The Toronto Stock Exchange’s S&P/TSX composite index was up 30.84 points to 16,105.14, after 90 minutes of trading. In New York, the Dow Jones industrial average was up 52.94 points to 23,579.12. The S&P 500 index was up 5.54 points to 2,602.62 and the Nasdaq composite index was up 14.02 points to 6,881.38. The Canadian dollar... Read More

PokerStars owner sells its stake in NYX Gaming for $35 million to Scientific Games

Editor
PokerStars owner sells its stake in NYX Gaming for $35 million to Scientific Games
TORONTO — The Stars Group Inc. (TSX:TSGI) has agreed to sell all of its stake in NYX Gaming Group Ltd. for $35.5 million cash to a company that’s been working on a friendly takeover of the Las Vegas-based company (TSXV:NYX). The buyer is Scientific Games Corp. (Nasdaq:SGMS) which will pay $2.40 for each ordinary share of NYX and each preferred share of... Read More

Aurora formally launches hostile takeover bid for CanniMed Therapeutics

Editor
Aurora formally launches hostile takeover bid for CanniMed Therapeutics
VANCOUVER — Aurora Cannabis Inc. formally launched its all-stock hostile takeover bid for CanniMed Therapeutics Friday, on the condition that the medical marijuana producer cancel its own planned acquisition of Newstrike Resources Ltd. The Vancouver-headquartered licensed marijuana company says in a statement it placed a newspaper ad for its offer, valued at $24 per share, and a takeover bid circular will be mailed to CanniMed’s shareholders.... Read More