Cost of celery spikes amid juice benefit claims, poor weather conditions

Cost of celery spikes amid juice benefit claims, poor weather conditions
The price of celery has roughly doubled recently in part due to heavy rains and a fad diet promoting a one-ingredient celery juice. Social media users are complaining of paying upwards of $5 for celery stalks, while a major Canadian grocer is advertising stalks for $5.99 online. Statistic Canada’s most recent data shows a kilogram of celery cost on average... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,502.75, down 77.98 points). Sherritt International Corp. (TSX:S). Materials. Up half a cent, or 2.56 per cent, to 20 cents on 20.8 million shares. Prometic Life Sciences Inc. (TSX:PLI). Health care. Up one cent, or 20 per cent, to six cents on 12.4 million shares. Crescent Point Energy Corp. (TSX:CPG).... Read More

Molson Coors Q1 results weaker but sees no impact from cannabis legalization

Molson Coors Q1 results weaker but sees no impact from cannabis legalization
MONTREAL — Molson Coors Brewing Co.’s first-quarter profit fell partly due to lower volumes, but executives say the drop doesn’t correlate to Canada’s legalization of cannabis last October. “I think at this point in time, it’s really fair to say we see absolutely no correlation between the sales of cannabis and the sales of beer across the industry or for... Read More

Judge approves Tesla CEO Elon Musk’s agreement with SEC

Judge approves Tesla CEO Elon Musk’s agreement with SEC
NEW YORK — A federal judge has approved an agreement that Tesla’s CEO Elon Musk reached with regulators over his tweets. The deal says Musk must get a securities lawyer’s approval before writing or talking on investor calls about a broad range of Tesla-related topics. U.S. District Judge Alison Nathan said Wednesday that Musk will not be held in contempt... Read More

Rogers Media buys Vancouver podcast production company Pacific Content

Rogers Media buys Vancouver podcast production company Pacific Content
TORONTO — Rogers Media is adding to its podcasting business through the acquisition of Vancouver-based Pacific Content. Pacific Content works with companies and advertisers to target audiences. Among its prominent clients for its branded content has been McAfee, the computer security company. McAfee’s Hackable podcast has put out about two dozen half-hour episodes over three seasons. Rogers didn’t disclose what it’s paying... Read More

Canada’s banks launch SecureKey’s Verified.Me digital identity network

Canada’s banks launch SecureKey’s Verified.Me digital identity network
TORONTO — Canada’s biggest banks are marking the official launch of a new digital identity network called Verified.Me, following years of development with their partner SecureKey Technologies Inc. of Toronto. The banks see Verified.Me as the beginning of a more secure Canadian identity system for a world where technology is making it easier for criminals to steal personal data and create false identities. In essence, the Verified.Me... Read More

HootSuite cuts jobs in shift of priorities for the social media management business

HootSuite cuts jobs in shift of priorities for the social media management business
VANCOUVER — HootSuite Inc. says it has reduced its staffing levels as part of a reorganization of its social media management business. The Vancouver-based company hasn’t said how many jobs are affected but CTV reports that more than 100 people were laid off Tuesday. Since HootSuite was founded in late 2008, it has grown into a leading supplier of technologies that companies and individuals use... Read More

Energy and materials weigh on Toronto stock market, U.S. stocks move higher

Energy and materials weigh on Toronto stock market, U.S. stocks move higher
TORONTO — The energy and materials sectors weighed on Canada’s main stock index in late-morning trading as the price of oil also moved lower. The S&P/TSX composite index was down 22.73 points at 16,558.00. In New York, the Dow Jones industrial average was up 54.94 points at 26,647.85. The S&P 500 index was up 2.91 points at 2,948.74, while the... Read More

Loblaw Companies raises quarterly dividend, reports Q1 profit down from year ago

Loblaw Companies raises quarterly dividend, reports Q1 profit down from year ago
BRAMPTON, Ont. — Loblaw Companies Ltd. raised its dividend as it reported a first-quarter profit fell compared with a year ago. The grocery and drugstore retailer says it will now pay a quarterly dividend of 31.5 cents per share, up from 29.5 cents per share. The increased payment to shareholders came as Loblaw reported profit attributable to common shareholders of... Read More