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 (14,750.35, down 32.71 points). Bombardier Inc. (TSX:BBD.B). Industrials. Down 14 cents, or 6.22 per cent, to $2.11 on 24.3 million shares. Aurora Cannabis Inc. (TSX:ACB). Health care. Down 54 cents, or 6.63 per cent, to $7.61 on 14.2 million shares. Aphria Inc. (TSX:APHA). Health care. Down 74 cents, or 9.51 per cent,... Read More

SNC-Lavalin cuts 100 jobs as politicians say it is vulnerable to takeover

SNC-Lavalin cuts 100 jobs as politicians say it is vulnerable to takeover
MONTREAL — SNC-Lavalin Inc. is eliminating about 100 positions in Canada at the same time as the Quebec engineering firm is being described by political leaders as being vulnerable to a foreign takeover. The Montreal-based firm says the workforce reduction is attributable to the completion of various projects across the country. “We are hiring employees based on the needs of... Read More

Delta’s 2019 forecast helps send airline stocks lower

Delta’s 2019 forecast helps send airline stocks lower
Delta Air Lines said Thursday that its profit will rise next year but not as much as Wall Street expected, and that helped push airline stocks lower. Forecasts of slower global economic growth are weighing on airlines because a slowdown would likely hurt demand for travel, which has been strong throughout 2018. Delta’s forecast also demonstrated how volatile fuel prices... Read More

Virgin Galactic tourism rocket ship reaches space in test

Virgin Galactic tourism rocket ship reaches space in test
MOJAVE, Calif. — Virgin Galactic’s tourism spaceship climbed more than 50 miles high above California’s Mojave Desert on Thursday, reaching for the first time what the company considers the boundary of space. The rocket ship hit an altitude of 51 miles (82 kilometres) before beginning its gliding descent, said mission official Enrico Palermo. It landed on a runway minutes later.... Read More

Tilray names several former politicians to international advisory board

Tilray names several former politicians to international advisory board
NANAIMO, B.C. — Pot producer Tilray Inc. has added some political heft to its international advisory board, including former foreign affairs ministers from around the world and former chairmen of the U.S. Democratic and Republican national committees. The inaugural members announced by the cannabis grower include former Canadian minister of foreign affairs Lloyd Axworthy as well as Australia’s former minister Alexander John Gosse Downer and... Read More

Transcontinental’s Q4 results tops expectations, shares surge higher

Transcontinental’s Q4 results tops expectations, shares surge higher
MONTREAL — Shares in Transcontinental Inc. shot higher after the company reported a fourth quarter that topped expectations for both profits and revenue. Shares in the Montreal-based company were up $1.40 or more than seven per cent at $20.77 midday on the Toronto Stock Exchange after going as high as $22.42. Transcontinental reported a profit of $67 million or 76... Read More

Pot stores on agenda at Toronto city council after two municipalities opt out

Pot stores on agenda at Toronto city council after two municipalities opt out
TORONTO — Councillors in Toronto are set to debate whether to allow retail pot shops in Canada’s most populous city. City staff recommend that councillors allow privately run cannabis stores to operate in Toronto. The issue is on the agenda for today’s council meeting, a day after councillors in two neighbouring municipalities voted against having pot shops within their boundaries. Mississauga... Read More

Aben Provides Final Results from 2018 Drill Program at the Forrest Kerr Gold Project in BC and Provides Update on the Justin Gold Project, Yukon

Aben Provides Final Results from 2018 Drill Program at the Forrest Kerr Gold Project in BC and Provides Update on the Justin Gold Project, Yukon
VANCOUVER –  Aben Resources Ltd. (TSX-V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2) has reported analytical results from the remaining holes of the 2018 drill program at the Company’s 100%-controlled 23,000-hectare Forrest Kerr Gold Project. This series of holes (FK18-37 to 45) focussed on areas immediately adjacent to known high-grade gold horizons and sought to test for an extension of the mineralized area identified at the... Read More

AltaGas slashes dividend, sells remaining stake in B.C. hydroelectric operation

AltaGas slashes dividend, sells remaining stake in B.C. hydroelectric operation
CALGARY — AltaGas Ltd. is slashing its dividend by 56 per cent and selling its remaining majority stake in a B.C. hydroelectric power operation for $1.39 billion. The Calgary-based company says it will now pay a monthly dividend of eight cents per share, down from 18.25 cents per share. The cut to its payments to shareholders came as AltaGas announced plans... Read More

Hexo’s revenue surges, $5.2M sales during two weeks of pot legalization

Hexo’s revenue surges, $5.2M sales during two weeks of pot legalization
GATINEAU, Que. — Cannabis producer Hexo Corp. sold $5.2 million worth of recreational cannabis during the first two weeks of legalization, driving its revenue in its latest quarter up by more than 500 per cent from a year earlier. The Quebec-based producer reported $6.7 million in revenue during the three-months ended Oct. 31, up from $1.1 million of medical pot sales... Read More