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 (16,612.81, up 68.57 points). Goldcorp Inc. (TSX:G). Materials. Down 49 cents, or 3.28 per cent, to $14.43 on 42.2 million shares. Prometic Life Sciences. Inc. (TSX:PLI). Health care. Unchanged at five cents on 8.9 million shares. Aurora Cannabis Inc. (TSX:ACB). Health care. Up eight cents, or 0.67 per cent, to $12.03... Read More

Rogers CEO warns a bad regulatory policy could stop investment ‘in its tracks’

Rogers CEO warns a bad regulatory policy could stop investment ‘in its tracks’
TORONTO — Canada’s communications companies need to continuously update their networks and that means they need a regulatory environment that creates incentives for investment, Rogers chief executive Joe Natale said Thursday. “Our networks are a living, breathing organism. And they need constant growth and investment,” Natale told shareholders of Rogers Communications Inc., owner of one of Canada’s biggest wireless networks. He added that the industry... Read More

TSX closes at all-time high as it overcomes correction in late 2018

TSX closes at all-time high as it overcomes correction in late 2018
TORONTO — Canada’s main stock index closed at an all-time high Thursday as it overcame a correction late last year that saw it lose 17 per cent of its value. The S&P/TSX composite index gained 68.57 points to 16,612.81, surpassing the previous record close of 16,567.47 set last July. Stock markets are feeling “calm and bliss” following a reversal in language from central... Read More

Nova Scotia judge briefly extends creditor protection for Quadriga exchange

Nova Scotia judge briefly extends creditor protection for Quadriga exchange
HALIFAX — A Nova Scotia judge has temporarily extended QuadrigaCX’s reprieve from its creditors, as the cryptocurrency exchange continues its transition into bankruptcy. The Vancouver-based exchange officially entered bankruptcy proceedings this month, after a restructuring bid failed. Quadriga Fintech Solutions Corp. and its related companies had been granted protection from their creditors under the Companies’ Creditors Arrangement Act (CCAA) on... Read More

TSX hits all-time high on lift from health care, financials and industrials sectors

TSX hits all-time high on lift from health care, financials and industrials sectors
TORONTO — Canada’s main stock index hit an all-time high on strength in the health-care sector, which includes many of the country’s big cannabis companies, as well as gains in the financial and industrial sectors. The S&P/TSX composite index was up 22.70 points at 16,566.94 after hitting 16,597.37 in early trading. In New York, the Dow Jones industrial average was... Read More

CRA’s automatic benefit registrations give retirees reason to file on time

CRA’s automatic benefit registrations give retirees reason to file on time
TORONTO — This is the time of year when procrastinators begin to fret about filing their income tax forms with Canada Revenue Agency by April 30. Of course, there are many reasons to file on time — such as avoiding expensive late fees and receiving tax refunds promptly. For retired people, the CRA has an extra reason to finish their taxes on time —... Read More

Lab-grown meat companies see opportunity for growth, research in Canada

Lab-grown meat companies see opportunity for growth, research in Canada
VANCOUVER — Canadian companies plan to serve up chicken, beef burgers and mouse-meat cat treats in the coming years, all without the need to slaughter a single animal. Entrepreneurs see an opportunity where there’s been a dearth of lab-grown meat startups that proliferated in the U.S. Cellular agriculture takes cells from animals and grows them to create milk, eggs, meat or other products.... Read More

Canopy Growth signs US$3.4B deal to buy U.S. company Acreage Holdings

Canopy Growth signs US$3.4B deal to buy U.S. company Acreage Holdings
SMITH FALLS, Ont. — Canopy Growth Corp. has signed an agreement to buy U.S. company Acreage Holdings Inc in a deal valued at US$3.4 billion if cannabis becomes federally legal in the United States. Bruce Linton, Canopy’s chairman and co-chief executive, says the deal secures the company’s entrance strategy into the United States as soon as a federally-permissible pathway exists. Acreage... Read More

Federal government extends deadline to make Trans Mountain decision to June 18

Federal government extends deadline to make Trans Mountain decision to June 18
OTTAWA — The federal government is delaying its decision on the Trans Mountain pipeline expansion project until June 18. Natural Resources Minister Amarjeet Sohi says the extended deadline will give the government more time to complete its consultations with Indigenous groups. The National Energy Board endorsed an expansion of the Trans Mountain pipeline on Feb. 22, starting the clock on a 90-day... Read More