Aphria shares rise 51% as board names committee to review short-sellers’ claims

Aphria shares rise 51% as board names committee to review short-sellers’ claims
LEAMINGTON, Ont. — Shares of cannabis producer Aphria Inc. recouped some of their losses as its board of directors appointed a special committee to review the company’s acquisitions in Colombia, Argentina and Jamaica, which have been criticized by short-sellers. The Leamington, Ont.-based company’s board said it still has “confidence” in the deal, but in the face of “inaccurate and misleading accusations” contained in a short-sellers report published this week... Read More

Hydro One shares jump 5.7 per cent after U.S. regulators reject $6.7B takeover

Hydro One shares jump 5.7 per cent after U.S. regulators reject $6.7B takeover
TORONTO — Opposition politicians may not like it but investors are applauding the rejection of Hydro One Ltd.’s $6.7-billion takeover of U.S.-based utility Avista Corp. Shares in the power company controlled by the Ontario government closed at $21.53, up $1.16 or 5.7 per cent, on the Toronto Stock Exchange on Thursday. On Wednesday, Washington State regulators said they would not allow... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (14,937.00, down 245.64 points). Aphria Inc. (TSX:APHA). Health care. Up $2.55, or 51 per cent, to $7.55 on 42.8 million shares. Aurora Cannabis Inc. (TSX:ACB). Health care. Up 84 cents, or 13.53 per cent, to $7.05 on 19.2 million shares. Bombardier Inc. (TSX:BBD.B). Down two cents, or 0.91 per cent,... Read More

Canadians receive emails from Marriott about recent personal data breach

Canadians receive emails from Marriott about recent personal data breach
TORONTO — Canadians have started receiving emails from Marriott International, informing them of a recent breach of customers’ personal data held by their Starwood hotel properties. The U.S.-based hotel giant, which is also behind brands including W Hotels, St. Regis, Sheraton and Westin, says in the email that the breach may have impacted up to 500 million guests. The company says the contact information, passport numbers, arrival and... Read More

Aphria names special committee to investigate allegations by short-sellers

Aphria names special committee to investigate allegations by short-sellers
LEAMINGTON, Ont. — Marijuana producer Aphria Inc. says its board of directors has appointed a special committee of independent directors to review the company’s acquisition of LATAM Holdings Inc., which has been criticized by short-sellers. The company says it remains confident in the deal, but in the face of what it called “inaccurate and misleading accusations” by the short-sellers it... Read More

CN Rail in joint bid for stake in largest container terminal in Eastern Canada

CN Rail in joint bid for stake in largest container terminal in Eastern Canada
HALIFAX — Canadian National Railway is bidding to acquire a stake in the largest container terminal in Eastern Canada. The Montreal-based company has confirmed joining a partner to bid for an interest in Halterm, a 30-hectare site at the Port of Halifax, but is declining to provide details. Halifax is Canada’s fourth-busiest port in terms of container traffic, behind Vancouver, Montreal and... Read More

2019 marks beginning of CPP enhancements to be rolled out over seven years

2019 marks beginning of CPP enhancements to be rolled out over seven years
TORONTO — The biggest change to the country’s pension plans in more than a decade will take place in the new year, but the effects will be felt differently depending on which generation you belong to. Beginning in early 2019, the Canada Pension Plan and Quebec Pension Plan will phase in enhanced benefits over the next seven years to provide more financial... Read More

Survey: US services firms grew in November

Survey: US services firms grew in November
WASHINGTON — U.S. services firms grew at a slightly stronger pace in November, a sign that the recent stock market sell-offs have yet to dampen enthusiasm among consumers. The Institute for Supply Management, which is composed of purchasing managers, reported Thursday that its services index rose to 60.7 last month, up from 60.3 in October. Readings above 50 point to... Read More

Dollarama reports $133.5M Q4 profit, comparable store sales growth slows

Dollarama reports $133.5M Q4 profit, comparable store sales growth slows
MONTREAL — Dollarama Inc. says it earned $133.5 million in its latest quarter, up from $130.1 million a year ago. The retailer says the profit amounted to 41 cents per diluted share for the company’s third quarter, up from 38 cents per share in the same quarter last year. Analysts on average had expected a profit of 42 cents per... Read More

Canadian trade deficit grew in October as oil prices weighed on exports

Canadian trade deficit grew in October as oil prices weighed on exports
OTTAWA — Falling oil prices took a bite out of exports in October as Canada’s merchandise trade deficit increased to roughly $1.2 billion in October compared with $891 million in September, Statistics Canada said Thursday. Economists had expected a deficit of $700 million, according to Thomson Reuters Eikon. “October’s surprise disappointment in the trade deficit adds to weakness from the... Read More