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 (16,284.21, down 73.34 points) Aurora Cannabis Inc. (TSX:ACB). Healthcare. Down 81 cents, or 5.48 per cent, to $13.98 on 32.6 million shares. After an acrimonious, months-long takeover battle, Aurora has struck a friendly deal valued at $1.1 billion to buy rival licensed producer CanniMed Therapeutics Inc. (TSX:CMED) (up $4.39, or 11.70... Read More

Aurora-CanniMed $1B cannabis deal puts pressure on competitors

Aurora-CanniMed $1B cannabis deal puts pressure on competitors
Aurora Cannabis Inc.’s friendly billion-dollar deal to buy rival licensed producer CanniMed Therapeutics Inc. marks the biggest acquisition the marijuana sector has seen and puts pressure on their competitors to up their expansion antes. The agreement, valued around $1.1 billion, comes after an acrimonious takeover battle that included a public war of words and a lawsuit filed by CanniMed against its suitor. But after spending long days at the negotiating table since late last week,... Read More

Short-term solutions to minimum wage hike could hurt businesses: Freshii founder

Short-term solutions to minimum wage hike could hurt businesses: Freshii founder
Freshii CEO Matthew Corrin says his eatery implemented a number of solutions ahead of Ontario’s minimum wage hike rather than rely on short-term cost-cutting that could compromise its culture in the long run. He says when hourly workers are offered roughly the same pay by a number of employers, it’s important to differentiate a company beyond wages to entice people to... Read More

Eastern refineries could save millions by buying more Canadian oil: CERI report

Eastern refineries could save millions by buying more Canadian oil: CERI report
CALGARY — A study by the Canadian Energy Research Institute concludes that refineries in central and Atlantic Canada would benefit in terms of lower supply costs and lower global greenhouse gas emissions if they bought more Canadian crude oil. The study finds that substituting Canadian oil wherever possible using space on existing pipelines, railcars and ocean tankers would result in a... Read More

Campbell Soup shuttering 87-year-old Toronto facility, 380 jobs to be impacted

Campbell Soup shuttering 87-year-old Toronto facility, 380 jobs to be impacted
TORONTO — Campbell Soup Company says it’s shuttering its 87-year-old Toronto manufacturing facility within the next 18 months, impacting 380 jobs, as the food purveyor gets set to relocate it Canadian headquarters to a new location. The company says the Toronto closure is necessary to improve its operational efficiency, citing a challenging retail environment that has seen volume declines of... Read More

Toronto broke visitor records in 2017, 43.7 million visitors spent $8.8 billion

Toronto broke visitor records in 2017, 43.7 million visitors spent $8.8 billion
TORONTO — An industry association says tourism in Toronto is booming, with a record 43.7 million people coming to the city last year and spending more than $8.8 billion. Tourism Toronto says the numbers represent a 3.6 per cent and 9.1 per cent bump over 2016 respectively. It says domestic travellers visit Toronto more than any other Canadian city, and notes that... Read More

Equifax Canada seeks to regain trust in its security after major U.S. breach

Equifax Canada seeks to regain trust in its security after major U.S. breach
TORONTO — Equifax Canada’s chief privacy officer says there’s no evidence of fraudulent activity on the Canadian accounts hacked in last year’s massive data breach at its U.S. parent company. Chief privacy officer John Russo says that the company recognizes its reputation took a hit after the leak of highly confidential information, which affected about half of all Americans, but only about 19,000 Canadians. The company’s assurances... Read More