Rare glimpse into Saudi Aramco shows $111 billion net profit

Rare glimpse into Saudi Aramco shows $111 billion net profit
DUBAI, United Arab Emirates — Saudi Aramco’s net profits reached $111 billion last year, according to an assessment published Monday by Moody’s Investors Services that offered a rare glimpse into the state-owned oil firm’s finances before it issues its first bonds in international markets. That places Aramco ahead of some of the world’s most profitable firms. By contrast, Apple booked... Read More

Texas removing hemp from controlled substance list

Texas removing hemp from controlled substance list
DALLAS — Texas is eliminating hemp from its list of controlled substances, bringing it in line with federal law but possibly feeding confusion about the legality of some hemp-based products. The Texas Department of State Health Services is on Friday removing hemp from a list of Schedule I drugs that can be abused and have no authorized medical use, the... 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 (16,228.06, up 125.97 points). Bombardier Inc. (TSX:BBD.B). Industrials. Up 11 cents, or 4.28  per cent, to $2.68 on 11.7 million shares. Essential Energy Services Ltd. (TSX:ESN). Energy. Up one cent, or 3.33 per cent, to 31 cents on 10.5 million shares. Aurora Cannabis Inc. (TSX:ACB). Health care. Up 11... Read More

‘Muddled messaging’ does SNC-Lavalin’s brand image no favours, experts say

‘Muddled messaging’ does SNC-Lavalin’s brand image no favours, experts say
MONTREAL — Public relations experts are questioning SNC-Lavalin Group Inc.’s handling of its corporate image over the past two months, faulting a tight-lipped approach and inconsistent messaging for a tarnished brand. The company has found itself in the hot seat since former attorney general Jody Wilson-Raybould accused top officials in the Trudeau government of pressuring her to steer prosecutors toward negotiations with the engineering... Read More

Kenney sets date to launch carbon tax court fight if he wins election

Kenney sets date to launch carbon tax court fight if he wins election
EDMONTON — United Conservative Leader Jason Kenney says if he wins the Alberta election, a formal court challenge of the federal carbon tax will be launched by the end of the month. Kenney, who has already pledged to axe Alberta’s carbon tax, says he would instruct his attorney general to file the challenge in Alberta’s Appeal court no later than April 30.... Read More

Chicago’s Cresco Labs to buy Canadian pot firm Origin House for $1.1B

Chicago’s Cresco Labs to buy Canadian pot firm Origin House for $1.1B
OTTAWA — Canadian cannabis branding company Origin House has entered into an agreement to be acquired by U.S. company Cresco Labs Inc. for approximately $1.1 billion. As part of the all-stock deal, Origin House common shareholders will receive 0.8428 subordinate voting shares of Cresco, a cannabis cultivator, processor and retailer headquartered in Chicago, for each share of the Ottawa-based pot firm.... Read More

Hydro One chief operating officer and chief legal officer leaving utility

Hydro One chief operating officer and chief legal officer leaving utility
TORONTO — Hydro One says its chief operating and officer and chief legal officer are leaving the company. The power utility says chief operating officer Greg Kiraly and chief legal officer Jamie Scarlett will leave after a period of planned leadership transition. The departures follow the announcement last week that Mark Poweska, BC Hydro’s executive vice president of operations, will... Read More

Survey: US manufacturing activity increased in March

Survey: US manufacturing activity increased in March
WASHINGTON — U.S. manufacturers grew at a faster pace in March, as the pace of employment jumped and new orders and production improved. The Institute for Supply Management, an association of purchasing managers, says that its manufacturing index rose to 55.3 last month, up from 54.2 in February. Readings above 50 point toward an expansion in manufacturing. The sector has... Read More