Toronto stock market falls as Canadian dollar hits nine-month high

Toronto stock market falls as Canadian dollar hits nine-month high
TORONTO — While U.S. markets set record highs, Canada’s main stock index ended the week lower as the loonie hit a nine-month high. The S&P/TSX composite index closed down 39.78 points to 16,488.12 after hitting an intraday high of 16,525.70. Seven of the 11 major sectors decreased, led by a 4.5 per cent drop by cannabis-heavy health-care sector. A fifth consecutive day of... Read More

Nova Scotia government approves new tidal power project for Bay of Fundy

Nova Scotia government approves new tidal power project for Bay of Fundy
HALIFAX — Another company has been granted permission to try to harness electricity from the powerful tides of the Bay of Fundy. Nova Scotia’s Department of Energy and Mines has issued two renewable energy permits to Jupiter Hydro. The first permit allows the company to test a one-megawatt prototype that is not connected to the electricity grid. The second —... Read More

Stocks down in Toronto, while U.S. stock markets post gains, loonie edges higher

Stocks down in Toronto, while U.S. stock markets post gains, loonie edges higher
TORONTO — Canada’s main stock index fell in late-morning trading, weighed down by losses in the technology, materials and financial sectors. The S&P/TSX composite index was down 26.14 points at 16,501.76. In New York, the Dow Jones industrial average was up 129.43 points at 27,217.51. The S&P 500 index was up 5.58 points at 3,005.49, while the Nasdaq composite was... Read More

Aspen Tech buys Montreal-based AI company Mnubo Inc. for $102 million

Aspen Tech buys Montreal-based AI company Mnubo Inc. for $102 million
Montreal-based tech firm Mnubo Inc. has been snapped up by Aspen Technology Inc. for $102 million. Mnubo has been developing artificial intelligence and analytics infrastructure for industrial companies to deploy internet-connected equipment. The technology allows companies like manufacturers to automatically monitor equipment to detect problems and improve efficiencies. Aspen says the acquisition, set to close within five business days, will help it improve... Read More

CannTrust stock falls after voluntary halt of all cannabis sales, shipments

CannTrust stock falls after voluntary halt of all cannabis sales, shipments
VAUGHAN, Ont. — Shares of CannTrust Holdings Inc. fell as much as 11 per cent after the cannabis company announced it was voluntarily halting all sales and shipments amid Health Canada’s investigation. CannTrust’s stock was trading at $3.90 on the Toronto Stock Exchange at mid-morning, down 11.1 per cent from its previous close of $4.04. That’s sharply down from its $6.46... Read More

S. Korea proposes UN probe over Japanese sanctions claims

S. Korea proposes UN probe over Japanese sanctions claims
SEOUL, Korea, Republic Of — South Korea said Friday it wants an investigation by the United Nations or another international body as it continues to reject Japanese claims that Seoul could not be trusted to faithfully implement sanctions against North Korea. Kim You-geun, deputy director of South Korea’s presidential national security office, said South Korea has been thoroughly implementing U.N.... Read More

Search on for prominent businessman, son after helicopter goes missing in Quebec

Search on for prominent businessman, son after helicopter goes missing in Quebec
MONTREAL — A search is under way for a prominent Quebec businessman and his son, who did not return from a fishing trip in northern Quebec as planned. Sagami Inc., a giant in the greenhouse tomato industry, says in a statement that everything is being done to ensure its president, Stephane Roy, and his son are found safe. The two were expected to return... Read More

AP Source: VW investing $2.6B in Ford-owned robocar firm

AP Source: VW investing $2.6B in Ford-owned robocar firm
DETROIT — Volkswagen will sink $2.6 billion into a Pittsburgh autonomous vehicle company that’s mostly owned by Ford as part of a broader partnership with the U.S. No. 2 automaker, according to a person briefed on the matter. The German and U.S. manufacturers will co-operate on the development of electric vehicles, the automakers will announce Friday in New York. The... Read More