TSX ends five-day losing streak while U.S. markets make up some losses

TSX ends five-day losing streak while U.S. markets make up some losses
TORONTO — Canada’s main stock index snapped a five-day losing streak on Friday while U.S. markets made up some of the lost ground on a recovery in tech stocks. Despite a strong U.S. economy, many believe investors were spooked by the prospect of a series of interest rate hikes, said Allan Small, senior investment adviser with HollisWealth. “I think this is one huge overreaction,”... 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 (15,414.29, up 97.16 points).   Aurora Cannabis Inc. (TSX:ACB). Health care. Up $1.09, or 8.64 per cent, to $13.71 on 35.2 million shares. RNC Minerals. (TSX:RNX). Metals. Up eight cents, or 11.27 per cent, to 79 cents on 13 million shares. Aphria Inc. (TSX:APH). Health care. Down 59 cents, or 2.99 per cent,... Read More

Tech stock rally helps snap losing streak as rough week ends

Tech stock rally helps snap losing streak as rough week ends
NEW YORK — Stocks rebounded Friday, clawing back some of the week’s steep losses, but the turbulent trading of the last few days left no doubt that the relative calm the markets enjoyed all summer had been shattered. Major U.S. indexes ended the week down about 4 per cent, their worst weekly loss in six months. An index measuring the... Read More

Oilsands bitumen prices fall into negative territory, analyst calculates

Oilsands bitumen prices fall into negative territory, analyst calculates
CALGARY — A financial analyst says prices being paid for Western Canadian oilsands bitumen have fallen so far that many producers are losing money on every barrel sold into the spot market. Analyst Matt Murphy of Tudor Pickering Holt & Co. says recent headlines have been focused on the falling value of the Western Canada Select price, but that measure is for a... Read More

Non-medical cannabis worth $3.3 billion to Canada’s economy in 2016: StatCan

Non-medical cannabis worth $3.3 billion to Canada’s economy in 2016: StatCan
OTTAWA — The illegal production and consumption of non-medical cannabis was worth about $3.3 billion in 2016, according a Statistics Canada analysis of the underground economy. The agency generally hasn’t included illegal drugs and prostitution in the underground economy, but it has been providing more cannabis-related data ahead of Oct. 17, when recreational use of pot becomes legal in Canada. The agency estimated underground economic activity... Read More

Facebook says hackers accessed 29M people’s accounts

Facebook says hackers accessed 29M people’s accounts
NEW YORK — Facebook says hackers accessed data from 29 million accounts as part of the security breach disclosed two weeks ago. The exact number hadn’t been known before. Originally Facebook said 50 million accounts could have been affected, but Facebook didn’t know if they had been misused. The hackers accessed name, email addresses or phone numbers from those 29... Read More

Prior dispensary experience an asset and a risk for pot retail workers

Prior dispensary experience an asset and a risk for pot retail workers
TORONTO — A cannabis-related criminal past won’t necessarily disqualify someone from working at one of the soon-to-be open recreational pot shops across the country, but former dispensary workers’ knowledge and passion can be seen as both an asset and a risk, hiring managers say. Although the average Canadian consumer will likely need guidance on how to shop for pot, there... Read More

Expect ‘sold out’ signs at cannabis shops across the country, says Aphria

Expect ‘sold out’ signs at cannabis shops across the country, says Aphria
TORONTO — Licensed cannabis producer Aphria Inc. warned on Friday of product shortages in both brick-and-mortar stores and online sales portals across the country when recreational pot is legalized in a few days. There are “supply chain issues abounding everywhere with every LP,” said Aphria’s chief executive Vic Neufeld told analysts. “There will not be any complete satisfaction by any of the provincial regulators out of the box,” he... Read More