Canadian stock exchanges to conduct lottery for “POT” ticker amid high demand

Canadian stock exchanges to conduct lottery for “POT” ticker amid high demand
TORONTO — High demand for the “POT” stock symbol has prompted several Canadian stock exchanges to conduct a collective lottery to select which company will be able to use the eye-catching ticker. After “significant interest,” the Canadian Securities Exchange says it along with the Toronto Stock Exchange, TSX Venture Exchange and Aequitas NEO Exchange will assign the symbol on Jan. 30 by random lottery. The... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Tuesday on the Toronto Stock Exchange:   Toronto Stock Exchange (15,046.28, up 70.75 points). Aurora Cannabis Inc. (TSX:ACB). Health care. Up 27 cents, or three per cent, to $9.27 on 40.6 million shares. Canopy Growth Corp. (TSX:WEED). Health care. Down $1.66, or 2.94 per cent, to $54.79 on 8.6 million shares. Aphria Inc. (TSX:APHA). Health care. Down... Read More

Canada needs a digital ID system, bankers association says

Canada needs a digital ID system, bankers association says
TORONTO — The Canadian Bankers Association says Canada must create a digital identification system, potentially utilizing technology such as blockchain, biometrics and document review over a live video connection. The association’s chief executive says moving away from a paper-based, face to face process towards a modern identification system of this kind is needed to “unlock the full potential” of the digital revolution that is underway. Neil... Read More

Subscribe Technologies Corporate Update And 2019 Outlook

Subscribe Technologies Corporate Update And 2019 Outlook
VANCOUVER – Subscribe Technologies Inc. (CSE: SAAS, OTCQB: SRBBF, Frankfurt: 6GQ) has provided a corporate update from Paul Dickson, CEO of Subscribe Technologies Inc. 2018 was a highly productive year for Subscribe Technologies in terms of product development and strategic acquisitions. During the course of the year, the Company was able to advance their Gingerly.com Business Management Platform to a... Read More

BP scales back exploration plans off N.S., gives up half its offshore area

BP scales back exploration plans off N.S., gives up half its offshore area
HALIFAX — BP Canada is scaling back its oil and gas exploration plans off Nova Scotia, giving up half the offshore area included in its exploration licence. The Canada-Nova Scotia Offshore Petroleum Board says the energy giant is surrendering 50 per cent of the area included in its licence — a consolidation of four offshore parcels roughly 300 kilometres southeast of Halifax. The move comes after... Read More

Netflix raising prices for 58M US subscribers as costs rise

Netflix raising prices for 58M US subscribers as costs rise
SAN FRANCISCO — Netflix is raising its U.S. prices by 13 per cent to 18 per cent, its biggest increase since the company launched its streaming service 12 years ago. Its most popular plan will see the largest hike, to $13 per month from $11. That option offers high-definition streaming on up to two different internet-connected devices simultaneously. Even at... Read More

Home sales down in December to cap weakest annual sales since 2012: CREA

Home sales down in December to cap weakest annual sales since 2012: CREA
OTTAWA — The Canadian Real Estate Association says the number of home sales in December was down for a fourth month in a row, capping the weakest annual sales since 2012. On an month-over-month basis, home sales fell 2.5 per cent in December, reaching 36,759 on a seasonally adjusted basis. Sales were down in about 60 per cent of all local markets... Read More

Magna expects sales to be hurt by sale of fluid pressure and controls business

Magna expects sales to be hurt by sale of fluid pressure and controls business
AURORA, Ont. — Magna International Inc. says it expects its sales this year will be weighed down by a stronger U.S. dollar and the sale of its fluid pressure and controls business. The Ontario-based auto parts maker, which keeps its books in U.S. dollars, says it expects total sales of US$40.2 billion to $42.4 billion for 2019. Magna expects net income... Read More

Tilray, U.S. brand group partner on cannabis-infused consumer products

Tilray, U.S. brand group partner on cannabis-infused consumer products
Licensed producer Tilray Inc. has teamed up with the U.S. company behind brands such as Juicy Couture, Aeropostale and Nine West to develop and sell co-branded consumer cannabis products globally, with items expected to hit U.S. and Canadian shelves within the next year. The Nanaimo, B.C.-based company announced Tuesday the long-term revenue sharing agreement with Authentic Brands Group, to whom Tilray will initially pay... Read More