Regulator picks 98 interveners for new Trans Mountain pipeline hearing

Regulator picks 98 interveners for new Trans Mountain pipeline hearing
CALGARY — The National Energy Board says it has granted intervener status to 98 applicants for an upcoming hearing to reconsider approval of the Trans Mountain pipeline expansion project. The NEB says it received 123 applications to participate by the deadline and rejected 25 of them. It says 75 applicants were interveners in previous hearings and 23 are considered new applicants. The list includes the... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (15,946.17, down 60.50 points). Aurora Cannabis Inc. (TSX:ACB). Health care. Up 65 cents, or 5.35 per cent, to $12.81 on 23.7 million shares. Trinidad Drilling Ltd. (TSX:TDG). Energy. Up nine cents, or 4.89 per cent, to $1.93 on 15.9 million shares. RNC Minerals. (TSX:RNX). Metals. Up six cents, or 8.11 per cent, to 80... Read More

Legal cannabis supply to meet 30 to 60 per cent of demand: C.D. Howe report

Legal cannabis supply to meet 30 to 60 per cent of demand: C.D. Howe report
TORONTO — A new study says Canada’s supply of legal cannabis at current production levels will meet just 30 per cent to 60 per cent of total demand. The upcoming report from think-tank C.D. Howe Institute says the estimated demand across the country is roughly 610.6 tonnes but the forecasted available marijuana supply in the fourth quarter of this year is just 146.13 tonnes. The report’s authors say there... Read More

Shopify ‘confident’ on pot e-commerce because ‘cannabis isn’t Kylie Cosmetics’

Shopify ‘confident’ on pot e-commerce because ‘cannabis isn’t Kylie Cosmetics’
TORONTO — Shopify Inc. is “confident” that the first day of recreational pot sales in Canada will be smooth on provincial websites backed by its software because “cannabis isn’t Kylie Cosmetics.” The Ottawa-based e-commerce company’s vice president says that while pot demand may be high on Oct. 17, it is unlikely to exceed the tens of thousands of orders of Lip Kits... Read More

Trend of low potency products expected in legal recreational cannabis market

Trend of low potency products expected in legal recreational cannabis market
As recreational marijuana legalization looms, some industry insiders are predicting a hot niche in the market for less potent products. At the centre of the shift is an expected influx of new consumers more interested in dabbling than getting blitzed, creating demand for pot products with lower doses of psychoactive ingredients. A report by Deloitte forecasts that legalization on Oct. 17 will bring... Read More

US unemployment rate falls to 49-year low of 3.7 per cent

US unemployment rate falls to 49-year low of 3.7 per cent
WASHINGTON — The U.S. unemployment rate fell to 3.7 per cent in September — the lowest level since December 1969 — while hiring slowed. Employers added just 134,000 jobs, the fewest in a year, the Labor Department said Friday. But that figure was likely lowered by Hurricane Florence. Florence struck North and South Carolina in the middle of September and... Read More

What B.C.’s LNG megaproject means for two proposed Nova Scotia facilities

What B.C.’s LNG megaproject means for two proposed Nova Scotia facilities
HALIFAX — Some see it as a signal of investor confidence in liquefied natural gas megaprojects. Others say it could edge out less competitive LNG proposals in Canada. Either way, final approval of a massive LNG project in northern British Columbia has renewed interest in the fate of two projects slated for Canada’s East Coast. Bear Head LNG, a subsidiary of Australia-based Liquefied Natural Gas Ltd.,... Read More

Montreal real estate sales hit 9-year high for September, extending hot streak

Montreal real estate sales hit 9-year high for September, extending hot streak
Montreal’s real estate market is continuing its hot streak. The Greater Montreal Real Estate Board says residential sales rose eight per cent in September compared to the same month last year. The 3,220 sales represent a nine-year high for the month of September. The median price of single-family homes hit $336,000, up seven per cent year over year. Duplexes jumped six per... Read More

Precision Drilling to buy Trinidad Drilling in friendly deal valued at $1 billion

Precision Drilling to buy Trinidad Drilling in friendly deal valued at $1 billion
CALGARY — Two of Canada’s largest oil and gas contract drilling companies have agreed to combine in a deal worth about $1.03 billion. Under the friendly deal reached by the two Calgary-based companies, Precision Drilling Corp. will buy Trinidad Drilling Ltd. in exchange for shares. Precision will also assume $477 million in debt. If the deal closes as expected, Trinidad shareholders will... Read More

Pot producer Sun Pharm to become Zenabis via reverse takeover

Pot producer Sun Pharm to become Zenabis via reverse takeover
VANCOUVER — Medical marijuana producer Sun Pharm Investments Ltd. is moving to create Zenabis Global Inc., a publicly-traded company with growing operations in British Columbia, New Brunswick, and eventually in Nova Scotia. The privately-held cannabis company is merging with a subsidiary of propagated agricultural plants supplier Bevo Agro Inc. via reverse takeover, in which a smaller firm takes over a public company. Bevo is... Read More