Tilray to focus investments on U.S., Europe as Canadian assets “overpriced”

Tilray to focus investments on U.S., Europe as Canadian assets “overpriced”
Cannabis producer Tilray Inc. plans to focus the majority of its future investments on the U.S. and Europe, where the growth potential is highest, and will not purchase “overpriced supply assets” in Canada. Tilray’s chief executive Brendan Kennedy said while Canada will continue to be an important market for the Nanaimo, B.C.-based company, the opportunities south of the border and across the pond are “orders... Read More

Budget 2019: Five things to watch for in the Liberals’ final fiscal blueprint

Budget 2019: Five things to watch for in the Liberals’ final fiscal blueprint
OTTAWA — Finance Minister Bill Morneau will release the Trudeau government’s final budget of its mandate Tuesday, just seven months before the next federal election. Here are some things to watch for: A boost to skills training The government says it wants to help workers adapt to the rapidly changing needs of the modern workforce. The budget is expected to announce measures to help Canadians cover... Read More

Forest service plans large sale of Alaskan old growth timber

Forest service plans large sale of Alaskan old growth timber
JUNEAU, Alaska — The U.S. Forest Service is planning the largest sale of Alaska old growth timber in years. The Prince of Wales Island Landscape Level Analysis project will harvest as much as 225 million board feet (about 53,094 cubic meters) of old growth lumber from Prince of Wales Island in Tongass National Forest, CoastAlaska reported Saturday. The service said... 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 (16,251.37, up 111.02 points). Aurora Cannabis Inc. (TSX:ACB). Health care. Up 43 cents, or 3.35 per cent, to $13.26 on 36.7 million shares. The Green Organic Dutchman Holdings. (TSX:TGOD). Health care. Up 54 cents, or 11.84 per cent, to $5.10 on 11.3 million shares. Hexo Corp. (TSX:HEXO).... Read More

Toronto stock market hits six-month high on rise in crude oil price

Toronto stock market hits six-month high on rise in crude oil price
TORONTO — Canada’s main stock index returned to its highest closing in nearly seven months as the price of oil surpassed US$59 per barrel for the first time since November. The S&P/TSX composite index closed up 111.02 points to 16,251.37. In New York, the Dow Jones industrial average was up 65.23 points at 25,914.10. The S&P 500 index was up 10.46 points... Read More

Lyft opens up its IPO road show, offers 30 million shares

Lyft opens up its IPO road show, offers 30 million shares
NEW YORK — Lyft officially kicked off the road show for its initial public offering, putting 30 million shares up for sale Monday with an anticipated price of between $62 and $68 per share. That would raise more than $2 billion for the San Francisco ride-hailing company, which could be valued between $20 billion and $25 billion eventually. Lyft and... Read More

Apple refreshes iPad lineup, with larger entry-level model

Apple refreshes iPad lineup, with larger entry-level model
NEW YORK — Apple has unveiled a new iPad that’s thinner and slightly larger than its current entry-level tablet. The new iPad Air will cost $499 and sport a screen that measures 10.5 inches diagonally. That compares with the standard, 9.7-inch iPad, which Apple will still sell for $329. Apple has higher-end Pro models starting at $999. The new iPad... Read More

WestJet suspends 2019 financial guidance after Boeing 737 Max grounded

WestJet suspends 2019 financial guidance after Boeing 737 Max grounded
CALGARY — WestJet Airlines is suspending its 2019 financial guidance following the grounding of its 13 Boeing 737 Max 8 aircraft by regulators in Canada and the United States due to safety concerns. The Calgary-based airline says its financial outlook provided as late as a month ago are being put on hold except for earnings per share, return on invested capital... Read More

Energy sector helps lift Toronto market, price of oil climbs higher

Energy sector helps lift Toronto market, price of oil climbs higher
TORONTO — The energy sector helped lift Canada’s main stock index higher as the price of oil climbed higher in late-morning trading. The S&P/TSX composite index was up 52.96 points at 16,193.31. In New York, the Dow Jones industrial average was up 15.33 points at 25,864.20. The S&P 500 index was up 9.02 points at 2,831.50, while the Nasdaq composite... Read More