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 (16,519.24, up 24.51 points) Nevsun Resources Ltd. (TSX:NSU). Miner. Up 55 cents, or 13.06 per cent, to $4.76 on 10.8 million shares. Aurora Cannabis Inc. (TSX:ACB). Health care. Down nine cents, or 1.12 per cent, to $7.97 on 8.9 million shares. Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Up one... Read More

Portland chosen for self-driving car pilot program

Portland chosen for self-driving car pilot program
PORTLAND, Maine — A Maine city is among seven municipalities that have been selected to help test self-driving car technology. The Portland Press Herald reports Washington-based transportation technology firm Inrix announced Tuesday that Portland would help pilot the AV Road Rules program. Inrix says the software communicates local traffic rules to autonomous vehicles. The cars will also transfer information on... Read More

Restaurant Brands International to review ‘no-poach’ franchise agreements

Restaurant Brands International to review ‘no-poach’ franchise agreements
One of Canada’s largest fast-food companies says it will review a controversial clause in its franchisee contracts less than a week after numerous competitors in the U.S. dropped similar language from their contracts to avoid an antitrust lawsuit. The so-called no-poach clause — in which franchisees sign agreements prohibiting them from hiring employees from other franchisees — is common, but has recently caused concern it... Read More

Loblaw delivers closing arguments in $437-million tax dispute with CRA

Loblaw delivers closing arguments in $437-million tax dispute with CRA
TORONTO — A lawyer for Loblaw Companies Ltd. told a Toronto court today there is no evidence to back the Canada Revenue Agency’s allegations that its Barbadian banking subsidiary was misused for tax avoidance. Loblaw’s lawyer Al Meghji said in his closing arguments at the Tax Court of Canada that Barbados-based Glenhuron Bank is viewed as a bank under Barbadian law, and should qualify for... Read More

Powell bullish on US economy, expects rates to keep rising

Powell bullish on US economy, expects rates to keep rising
WASHINGTON — Federal Reserve Chairman Jerome Powell gave lawmakers an upbeat assessment of the economy and expects to keep raising interest rates gradually. He said solid job gains and strong economic growth has enabled the Fed to dial back the “extra boost” it implemented during the financial crisis and recession. In his semi-annual testimony to Congress Tuesday, Powell described the... Read More

Cannabis company Aphria expands to South America, Jamaica with acquisition

Cannabis company Aphria expands to South America, Jamaica with acquisition
LEAMINGTON, Ont. — Aphria Inc. says it’s preparing to expand its cannabis business into South America and Jamaica by acquiring a subsidiary of Scythian Biosciences Inc. for an undisclosed price. The Ontario-based company says it will establish a presence in Colombia and several other countries by acquiring several companies through the purchase of Scythian’s LATAM Holdings Inc. Aphria’s Colombian operation will be anchored by Colcanna... Read More

A founder of WestJet and JetBlue commits to order 60 A220s for new U.S. airline

A founder of WestJet and JetBlue commits to order 60 A220s for new U.S. airline
One of the founders of WestJet Airlines Ltd. and JetBlue Airways Corp. has committed to buy 60 Airbus A220-300 aircraft for a new U.S. airline he’s launching. A memorandum of understanding for the aircraft which was developed by Bombardier Inc. was announced at the Farnborough Air Show. The deal is worth US$5.4 billion at list prices, but airlines typically receive... Read More

Subscribe Technologies Introduces New Flagship Software Platform “Gingerly”

Subscribe Technologies Introduces New Flagship Software Platform “Gingerly”
Subscribe Technologies Inc. is pleased to introduce “Gingerly”, a new flagship brand, vision, and business management software platform, which will centrally host all of the Company’s current and future business management applications in one place, on the cloud. In addition to offering a growing and a la carte menu of cutting edge applications for... Read More