Second Cup says it may convert Ontario coffee shops to cannabis stores

Second Cup says it may convert Ontario coffee shops to cannabis stores
OTTAWA — The Second Cup Ltd. says it is actively reviewing locations in Ontario for potential conversion to cannabis retail stores in light of policy changes in the province. The company’s announcement comes after Ontario’s Progressive Conservative government said it would allow private retailers to sell recreational marijuana starting next April. Second Cup had announced a partnership with marijuana clinic operator... 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 (16,148.50, down 182.17 points) Aurora Cannabis Inc. (TSX:ACB). Healthcare. Up $1.04, or 19.48 per cent, to $6.38 on 32.12 million shares. Canopy Growth Corp. (TSX:WEED). Healthcare. Up $10.04, or 31.26 per cent, to $42.20 on 18.39 million shares. The company rallied sharply after alcohol giant Constellation Brands said... Read More

Nexen reports 270,000-litre pipeline spill of produced water in northern Alberta

Nexen reports 270,000-litre pipeline spill of produced water in northern Alberta
CALGARY — A month after being ordered to pay $750,000 in fines related to a 2015 pipeline leak, Nexen Energy is reporting a spill of 270,000 litres from a different pipeline in the same area of northern Alberta. The Alberta Energy Regulator says in a post on its website that Nexen, a subsidiary of state-owned China National Offshore Oil Co. Ltd. or CNOOC,... Read More

BMO launches blockchain-based pilot for fixed-income transactions

BMO launches blockchain-based pilot for fixed-income transactions
TORONTO — The Bank of Montreal’s capital markets arm says it has successfully launched a pilot involving the use of blockchain in a Canadian dollar debt deal transaction. BMO Capital Markets says the fixed-income issuance transaction included the bank as the issuer and the Ontario Teachers’ Pension Plan as the buyer of $250 million of one-year floating rate deposit notes. The bank... Read More

Metro faces supplier pressure, expects higher grocery prices in the future

Metro faces supplier pressure, expects higher grocery prices in the future
Canadian grocery giant Metro Inc. is already facing pressure from suppliers to accept higher prices in light of a recent tariff war with the United States and consumers should expect slightly higher food bills in the future, its CEO said Wednesday. “We’re starting to get demands from some suppliers who are, whose products will be, affected by the new tariffs,” Eric La Fleche said during... Read More

E-commerce giant Shopify bans sale of some firearms and accessories

E-commerce giant Shopify bans sale of some firearms and accessories
Shopify is banning the sale of some firearms and their related parts through its platform. A policy update that the Ottawa-based e-commerce firm quietly posted this week shows Shopify merchants can no longer use the platform to sell automatic firearms that have not been rendered inoperable and semi-automatic firearms that have the capacity to accept a detachable magazine. Also off-limits are a handful of gun... Read More

Constellation Brands spending $5 billion to increase stake in Canopy Growth

Constellation Brands spending $5 billion to increase stake in Canopy Growth
SMITH FALLS, Ont. — Constellation Brands has signed a deal to invest $5 billion in Canopy Growth Corp. to increase its stake in the marijuana company to 38 per cent. Under the agreement, Constellation will acquire 104.5 million Canopy shares at a price of $48.60 per share. Canopy shares closed at $32.15 on the Toronto Stock Exchange on Tuesday. Under... Read More