CMHC reports pace of Canadian housing starts slowed in May, below estimate

CMHC reports pace of Canadian housing starts slowed in May, below estimate
OTTAWA — Canada Mortgage and Housing Corp. says the pace of housing starts slowed in May. The housing agency say the seasonally adjusted annual rate of housing starts slipped to 202,337 units in May, down 13.3 per cent from 233,410 units in April. Economists on avearge had expected an annual rate of 205,000, according to Thomson Reuters Eikon. The annualized pace... Read More

Tilray signs deal to limit how its biggest shareholder may sell its stake

Tilray signs deal to limit how its biggest shareholder may sell its stake
NANAIMO, B.C. — Tilray Inc. has signed a deal that puts limits on how and when its largest shareholder may sell its stake in the cannabis company. Privateer Holdings Inc., one of the company’s early investors, holds 75 million Tilray shares, roughly a 77 per cent stake in the Canadian company. Under the agreement, Tilray will acquire Privateer and its stake in the... Read More