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 (16,410.88, down 91.87 points). Bombardier Inc. (TSX:BBD.B). Industrials. Down 12 cents, or 5.13 per cent, to $2.22 on 22.3 million shares. CannTrust Holdings Inc. (TSX:TRST). Health care. Down $1.09, or 12.57 per cent, to $7.58 on 10 million shares. Manulife Financial Corp. (TSX:MFC). Down eight cents, or... Read More

Cannabis usage rises, more legal buyers in Q1: Statistics Canada survey

Cannabis usage rises, more legal buyers in Q1: Statistics Canada survey
OTTAWA — Statistics Canada says its latest survey shows more people are using cannabis since the legalization of recreational pot last fall and Canadians are increasingly buying it from legal retailers. Figures from its National Cannabis Survey released today show that 5.3 million or 18 per cent of Canadians aged 15 years and older said they used pot within the last three months. That’s up from... Read More

Maple Leaf defends Lightlife veggie patty against Beyond Meat competitor

Maple Leaf defends Lightlife veggie patty against Beyond Meat competitor
Maple Leaf Foods Inc. defended its new vegetarian burger as competitor Beyond Meat’s shares soared during its first day of trading. “Our ambition is universal,” said CEO Michael McCain during a conference call with analysts Thursday after the company released its first-quarter earnings. The company has heavily invested in plant-based protein, acquiring two brands — Field Roast Grain Meat and... Read More

DavidsTea reports lower Q4 sales, announces plans to sell in more grocery stores

DavidsTea reports lower Q4 sales, announces plans to sell in more grocery stores
DavidsTea Inc. saw a drop in sales in its most recent quarter, but announced plans to expand its wholesale business. “Clearly our financial results are not yet where we want them to be,” said interim CEO and executive chairman Herschel Segal during a conference call Thursday after the company released its fourth-quarter financial results. “However, we are making headway and experiencing... Read More

April another lethargic month for Metro Vancouver home sales: Real estate board

April another lethargic month for Metro Vancouver home sales: Real estate board
VANCOUVER — Home sales remained sluggish across Metro Vancouver in April and real estate analysts slam government policies for the lack of activity. The Real Estate Board of Greater Vancouver says residential home sales last month were 43.1 per cent below the 10-year April sales average. Across the region, April sales totalled 1,829, a 29 per cent decrease compared with sales... Read More

Great-West Lifeco reports Q1 profit down compared with a year ago

Great-West Lifeco reports Q1 profit down compared with a year ago
WINNIPEG — Great-West Lifeco Inc. reported its first-quarter profit fell compared with a year ago, hurt by higher income taxes, lower net fee income in Canada and the U.S., and unfavourable claims experience in Europe. The insurance company says it earned $657 million or 67 cents per common share for the first quarter of 2019. That compared with a profit... Read More

As car-sharing picks up in US, so do legislative battles

As car-sharing picks up in US, so do legislative battles
PHOENIX — When Chris Williamson was in the market for a new family car, a timely ad and conversations with a co-worker convinced him to try something out of the ordinary. He bought a BMW 3 Series convertible and covers the payments by renting it to strangers on a peer-to-peer car sharing app called Turo. It allows his family of... Read More

Canopy Growth buys German medical cannabis company for $343 million

Canopy Growth buys German medical cannabis company for $343 million
SMITHS FALLS, Ont. — Canopy Growth Corp. has signed a deal to buy a German company that specializes in cannabinoid-based medical therapies used by European physicians for roughly $342.9 million. Under the deal, the Ontario-based company has acquired C3 Cannabinoid Compound Co. C3’s main medicinal offering is dronabinol, a compound with standardized concentrations of THC (tetrahydrocannabinol), the main psychoactive compound... Read More

Bell wireless business drives BCE’s Q1 revenue growth, net profit rises 12%

Bell wireless business drives BCE’s Q1  revenue growth, net profit rises 12%
MONTREAL — BCE Inc. reported its first-quarter profit was up 12 per cent from a year earlier as revenue increased across its communications divisions. The company says the profit amounted $740 million attributable to common shareholders or 82 cents per share. That was up from $661 million or 73 cents per share in the first quarter of 2018. The Montreal-based... Read More