Tilray revenue soars nearly 200 per cent, net loss grows in first quarter

Tilray revenue soars nearly 200 per cent, net loss grows in first quarter
NANAIMO, B.C. — Tilray Inc. expects Canada’s cannabis supply could become balanced within the next two years, while the cannabis producer ramps up its production and manufacturing footprint in the country. CEO Brendan Kennedy said Tuesday that the company now believes Canada will reach a supply balance in the next 18 to 24 months. In mid-March, Kennedy had estimated the... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,284.53, up 91.12 points). Enbridge Inc. (TSX:ENB). Energy. Down $1.21, or 2.41 per cent, to $49.09 on 7.3 million shares. Manulife Financial Corp. (TSX:MFC). Financials. Up 48 cents, or 2.07 per cent, to $23.63 on 7.3 million shares. Aurora Cannabis Inc. (TSX:ACB). Health care. Up 49 cents, or... Read More

Fast-growing WSP Global boosts Q1 profit after Louis Berger purchase

Fast-growing WSP Global boosts Q1 profit after Louis Berger purchase
MONTREAL — WSP Global Inc. bolstered revenues and profit in its first full quarter with Louis Berger Holdings Inc. under its umbrella, as the Quebec engineering giant aims to continue its rapid expansion. The company saw its net earnings jump more than 10 per cent from a year ago to $62 million. The gain came largely due to its $400-million purchase, completed in December, of... Read More

Energy stocks lead Toronto market higher as North American stocks bounce back

Energy stocks lead Toronto market higher as North American stocks bounce back
TORONTO — Energy stocks helped boost Canada’s main stock index higher in late-morning trading as North American stocks bounced back after taking a hit to start the week due to the escalating U.S.-China trade war. The S&P/TSX composite index was up 59.14 points at 16,252.55. In New York, the Dow Jones industrial average was up 242.41 points at 25,567.40. The... Read More

Population of the Maritimes on the rise, but Newfoundland reports decline

Population of the Maritimes on the rise, but Newfoundland reports decline
HALIFAX — A new study says the population of the three Maritime provinces is growing at its fastest pace in decades, thanks mainly to immigration and a reduced outflow to Alberta. However, the Atlantic Provinces Economic Council says the population of economically challenged Newfoundland and Labrador has declined slightly after seven years of growth. The turnaround in the Maritimes follows three decades of steady decline.... Read More

Power Corp. Q1 profit falls from year-earlier but dividend going up

Power Corp. Q1 profit falls from year-earlier but dividend going up
MONTREAL — Power Corporation of Canada says its profit for participating shareholders fell to $292 million in the first quarter, from $525 million in the year-earlier period when it recorded gains from the sales of some investments. The Montreal-based financial services and investment company says the net earnings for the quarter ended March 31 amounted to 63 cents per share, down from... Read More

Sale of Aeroplan business boosts Aimia’s first-quarter profit to $1.05B

Sale of Aeroplan business boosts Aimia’s first-quarter profit to $1.05B
MONTREAL — Loyalty rewards company Aimia Inc. reported a profit of $1.05 billion in its latest quarter as it completed the sale of its Aeroplan business. The company says the profit amounted to $6.85 per diluted share for the three months ended March 31 compared with a profit of $21.4 million or 11 cents per diluted share a year ago.... Read More

Cannabis company Aphria says president Jakob Ripshtein resigning June 7

Cannabis company Aphria says president Jakob Ripshtein resigning June 7
LEAMINGTON, Ont. — Cannabis company Aphria Inc. says Jakob Ripshtein, the company’s president, is resigning. The company says Ripshtein will remain in his current role until June 7. The move came today as the company announced several new executive appointments including James Meiers as chief operating officer, Aphria Leamington. Meiers joins Aphria from Hain Celestial Group, Inc., a natural and... Read More