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 (15,095.02, up 218.02 points). Bombardier Inc. (TSX:BBD.B). Up 13 cents, or 6.1 per cent, to $2.26 on 28 million shares. Aurora Cannabis Inc. (TSX:ACB). Health care. Up 22 cents, or 2.74 per cent, to $8.25 on 11 million shares. Baytex Energy Corp. (TSX:BTE). Energy. Up 11 cents, or 4.66 per cent,... Read More

Toronto stock market rebounds from selloff on gains in energy, materials sectors

Toronto stock market rebounds from selloff on gains in energy, materials sectors
TORONTO — Canada’s main stock index rebounded from yesterday’s selloff led by gains in key energy, materials and industrial sectors. In Toronto, the S&P/TSX composite index surged to close up 218.02 points to 15,095.02. The optimism was initially seen on Wall Street until the end of the day as the Dow Jones industrial average lost 0.95 points at 24,464.69. The S&P 500 index rose by 8.04 points to... Read More

GFL executive joins forces with Paul Coffey in new waste management company

GFL executive joins forces with Paul Coffey in new waste management company
TORONTO — An executive with Green For Life Environmental has joined forces with former NHL star Paul Coffey to launch new environmental waste management company Environmental 360 Solutions Inc. Danny Ardellini, who founded National Waste Services which later merged with GFL, will head the new company. He says the company has the expertise and financial backing to become a significant... Read More

No more new cannabis retail licences due to pot supply shortage: Alberta

No more new cannabis retail licences due to pot supply shortage: Alberta
EDMONTON — Alberta says it won’t be issuing any new retail cannabis licences until further notice due to a national supply shortage. The Alberta Gaming, Liquor and Cannabis commission says it ordered enough supply to stock 250 retail stores for the first six months of legalization. President Alain Maisonneuve says only about  20 per cent of that order has come in. He says... Read More

Regulations make marijuana banking more costly, banker says

Regulations make marijuana banking more costly, banker says
LAS VEGAS — Regulations and paperwork are driving up costs for financial institutions serving marijuana companies doing business in states with legal pot sales, a cannabis banker told a conference in Las Vegas. Sundie Seefried told hundreds of cannabis trade show attendees at MJBizCon last week that a subsidiary of her Colorado credit union had to file more than 7,000... Read More

Subscribe Technologies Flagship Platform “Gingerly” Enables over 5000 New Users

Subscribe Technologies Flagship Platform “Gingerly” Enables over 5000 New Users
VANCOUVER – Subscribe Technologies Inc. (CSE: SAAS, OTCQB: SRBBF, Frankfurt: 6GQ) is pleased to announce its Gingerly.com service has enabled new account access to over 5000 users of its recent asset acquisition WebinarIgnition. Subscribe Technologies has been seeking rapid growth through the acquisition of related businesses with an existing user base, among other growth strategies. WebinarIgnition enables users to easily... Read More

Metro Inc. sales grow in first full quarter with Jean Coutu brand

Metro Inc. sales grow in first full quarter with Jean Coutu brand
Metro Inc. saw sales grow more than 15 per cent in its first full quarter since acquiring the Jean Coutu Group pharmacy chain. “The Jean Coutu integration plan is on track,” said CEO Eric La Fleche during a conference call with analysts Wednesday. The grocery retailer acquired the pharmacy operator in May 2018 for about $4.5 billion. The acquisition helped boost Metro’s sales... Read More

Ikea to cut about 100 jobs in Canada as it adjusts to customer behaviour changes

Ikea to cut about 100 jobs in Canada as it adjusts to customer behaviour changes
TORONTO — Swedish home furnishings giant Ikea says about 100 jobs in Canada could be impacted over two years as it adjusts to changing customer behaviour. The retailer expects to cut 7,500 jobs worldwide as addresses urbanization, new technology and digitalization that are changing the way customers live and shop. Ikea says the cutbacks will allow it to focus “on... Read More

Quebec paint manufacturers seize on Sico’s exit to grab market share

Quebec paint manufacturers seize on Sico’s exit to grab market share
MONTREAL — Quebec paint manufacturers are seizing on the American-owned Sico paint company’s move to Ontario from Quebec by launching marketing campaigns and tapping into renewed sensitivity around local ownership after a string of closures and layoffs. Sico, an 81-year-old company bought by American giant PPG Industries Inc. in 2013, said last week it plans to close its plant in... Read More

Cannabis spending grew 1.1 per cent in Q3 to $5.9 billion

Cannabis spending grew 1.1 per cent in Q3 to $5.9 billion
OTTAWA — Statistics Canada says Canadian spending on cannabis rose 1.1 per cent to roughly $5.9 billion on an annualized basis in the third quarter. Nearly 84 per cent of purchases were illegal and for non-medical use, down from 98 per cent in mid-2014 as cannabis consumption for medical use has increased. The agency estimates that of the $4.9 billion in illegal, non-medical pot purchases... Read More