Aeroplan sale price lands at $516 million after post-closing adjustments

Aeroplan sale price lands at $516 million after post-closing adjustments
MONTREAL — Aimia Inc. says the final price for the sale of Aeroplan to Air Canada has increased to $516 million following the finalization of all financial adjustments after the deal’s January close. Air Canada signed a definitive agreement last November to buy the flagship points program from Aimia, a loyalty analytics company, at an initial price of $450 million in cash. It was increased... Read More

Auto sales down 5.9 per cent in May as downward trend continues

Auto sales down 5.9 per cent in May as downward trend continues
TORONTO — DesRosiers Automotive Consultants Inc. says light vehicle sales fell an estimated 5.9 per cent in May from a year earlier as a downward trend in Canadian auto sales continued. The automotive consultant says light vehicle sales totalled about 202,800 for the month, down from 215,407 a year earlier. The dip in May marked the 15th consecutive month of sales declines when compared with... 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 (16,015.89, down 21.60 points). Prometic Life Sciences Inc. (TSX:PLI). Health care. Down half a penny, or 12.5 per cent, to 3.5 cents on 11.6 million shares. Bombardier Inc. (TSX:BBD.B). Industrials. Down three cents, or 1.48 per cent, to $2.00 on 10.9 million shares. Enbridge Inc. (TSX:ENB). Energy. Down... Read More

Markets Right Now: Stocks fall as internet giants drop

Markets Right Now: Stocks fall as internet giants drop
NEW YORK — The latest on developments in financial markets (all times local): 4:00 p.m. Major U.S. stock indexes were closing mostly lower Monday as a sell-off in some big technology and internet companies weighed down the market. Facebook plunged 7.5% following a Wall Street Journal report that the Federal Trade Commission will lead any antitrust investigation into the company... Read More

TSX dips to lowest level since February despite rising gold prices

TSX dips to lowest level since February despite rising gold prices
TORONTO — Canada’s main stock index dipped to its lowest level since February to start the week on heightened trade concerns, despite gold prices hitting a three-month high. “We’re seeing that trade tensions and trade concerns continue to put an element of caution in the overall equity markets,” says Craig Fehr, Canadian markets strategist for Edward Jones. Chinese and Mexican trade fears... Read More

FSC updates forestry standards targeting threatened species, Indigenous rights

FSC updates forestry standards targeting threatened species, Indigenous rights
TORONTO — The Forest Stewardship Council has launched a major update to its forestry standards that targets issues like threats to woodland caribou and the rights of Indigenous peoples. The FSC is one of the main organizations the industry uses to certify that its products meet a level of environmental, social and management standards. FSC Canada president Francois Dufresne says the update comes after extensive consultations... Read More

Canadian edibles, topicals market worth $2.7B; ramp up over 3-5 years: Deloitte

Canadian edibles, topicals market worth $2.7B; ramp up over 3-5 years: Deloitte
TORONTO — The Canadian market for next-generation cannabis products is worth an estimated $2.7 billion annually, with edibles contributing more than half, according to a new report from Deloitte. This spending once the final edible pot regulations roll out in the coming months is expected to be on top of the roughly $6-billion estimated domestic market for recreational and medical cannabis, the consultancy said Monday. Consumers are looking... Read More

Amazon vies for a larger share of viewers with ‘channels’ service akin to cable

Amazon vies for a larger share of viewers with ‘channels’ service akin to cable
TORONTO — Canadian television viewers will soon have another streaming option that looks very similar to a cable package. Amazon says it’s finalizing plans to make Prime Video Channels available in Canada for the first time, giving its Prime Video subscribers (who pay $7.99 per month) the option to purchase from a selection of 13 channels of live and on-demand programming. The launch... Read More