Vancouver home sales fall nearly 40 per cent in January, as prices pull back

Vancouver home sales fall nearly 40 per cent in January, as prices pull back
Vancouver’s once red-hot housing market continued to cool last month as the number of home sales fell to the lowest level seen in January in 10 years. The Real Estate Board of Greater Vancouver says 1,103 homes were sold in Metro Vancouver last month, down 39.3 per cent from the same month a year earlier. Month-over-month, January home sales were up 2.9... Read More

Namaste fires CEO, starts strategic review of the cannabis tech company

Namaste fires CEO, starts strategic review of the cannabis tech company
TORONTO, United States — Cannabis tech company Namaste Technologies Inc. has fired its chief executive and plans to commence legal action against him as it launches a strategic review process to examine its options. The Toronto-based firm which operates an e-commerce platform and a portal that connects patients with doctors. It said Sean Dollinger’s termination from the CEO’s position came after an investigation... Read More

Pembina going ahead with polypropylene plant joint venture with Kuwaiti firm

Pembina going ahead with polypropylene plant joint venture with Kuwaiti firm
CALGARY — Pembina Pipeline Corp. says it is going ahead with its joint venture with Kuwait’s Petrochemical Industries Co. to build an integrated propane dehydrogenation plant and polypropylene upgrading facility in Alberta. The project is estimated to cost $4.5 billion including the plants and supporting facilities. Pembina’s share will be $2.5 billion including a 50 per cent interest in the joint... Read More

Weekend fire destroys Purolator courier terminal in northern New Brunswick

Weekend fire destroys Purolator courier terminal in northern New Brunswick
BATHURST, N.B. — Officials with Purolator say a fire that destroyed a distribution centre in northern New Brunswick will have a minimal impact on shipments. The building in Bathurst was completely gutted by the blaze Saturday night. In a statement, the company says the terminal was not operating at the time of the fire and there were no injuries. It says the... Read More

High Tide signs letter of intent with Ontario pot store lottery winner

High Tide signs letter of intent with Ontario pot store lottery winner
CALGARY — High Tide Inc. has signed a letter of intent to acquire a minority interest in one of the lottery winners selected to apply for one of the first 25 cannabis retail licences in Ontario. Financial terms of the agreement between the unidentified winner and High Tide weren’t disclosed by the company, which has seven Canna Cabana cannabis stores in Alberta. High Tide... Read More

Hamburg Airport staff strike forces flight cancellations

Hamburg Airport staff strike forces flight cancellations
BERLIN — A strike by the ground staff at Germany’s Hamburg Airport has caused the cancellation of more than 50 flights. The ver.di labour union called ground staff out on a one-day strike starting at 3 a.m. Monday. The walkout was announced Sunday evening. The airport said airlines had cancelled 58 of the day’s scheduled 388 departures and arrivals at... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (15,602.32, up 96.01 points). Aurora Cannabis Inc. (TSX:ACB). Health care. Up 85 cents, or 8.76 per cent, to $10.55 on 43.2 million shares. Aphria Inc. (TSX:APHA). Health care. Up $1.62, or 12.87 per cent, to $14.21 on 17.4 million shares. Cronos Group Inc. (TSX:CRON). Health care. Up $3.26, or 11.94 per... Read More

Super Bowl ads heavy on humour, surprises and … robots

Super Bowl ads heavy on humour, surprises and … robots
NEW YORK — This year’s Super Bowl ads went heavy on the humour — and surprises. Take, for instance, Jason Bateman’s Hyundai ad about an elevator with unpleasantness on every floor. A surprise “Game of Thrones” tie-in with Bud Light both confused and delighted viewers. And robots seemed to be everywhere as advertisers picked up on Americans’ unease over our... Read More

Toronto-area retailer to test Loop reusable packaging system later this year

Toronto-area retailer to test Loop reusable packaging system later this year
TORONTO — Canadian efforts to reduce single-use plastic will get a boost this year when a major retailer is slated to launch a test of reusable packaging in the most populated part of the country. The chain’s identity is expected to be unveiled this spring with online operations starting by year-end, says the founder of recycler TerraCycle’s Loop. “I say... Read More