Canopy cannabis company buys ex-NHL player’s sports nutrition business

Canopy cannabis company buys ex-NHL player’s sports nutrition business
The time has come to have cannabis in sports drinks, says a former NHL player. The sports nutrition business Mike Cammalleri co-founded has been bought by a cannabis company. Canopy Growth Corporation announced Wednesday the purchase of a majority stake in BioSteel Sports Nutrition, which is now developing a line of cannabidiol (CBD) products. Cammalleri played 17 NHL seasons with the Calgary Flames,... Read More

Stars Group stock soars after friendly takeover deal with Flutter Entertainment

Stars Group stock soars after friendly takeover deal with Flutter Entertainment
TORONTO — The Stars Group Inc. has agreed to be acquired by Flutter Entertainment in an all-stock deal that will create one of the world’s largest online betting and gambling companies, the companies announced Wednesday. The proposal values the Stars Group at about $9 billion on based on Flutter’s share price in London. Shares of Toronto-based Stars Group closed up... Read More

Climate change debate polarization shows lack of leadership, says oilsands CEO

Climate change debate polarization shows lack of leadership, says oilsands CEO
CALGARY — Polarization of the climate change debate as it relates to the role of the Canadian energy industry indicates an “extreme” lack of leadership from all political parties in Canada, says the CEO of oilsands producer MEG Energy Corp. Speaking at the Natural Resources Summit in Calgary on Wednesday, Derek Evans said he’s frustrated by the wide gulf in views exhibited by parties in... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,310.97, down 136.69 points). Aurora Cannabis Inc. (TSX:ACB). Health care. Up 12 cents, or 2.21 per cent, to $5.56 on 13.8 million shares. Bombardier Inc. (TSX:BBD.B). Industrials. Down four cents, or 2.5 per cent, to $1.56 on 7.1 million shares. Encana Corp. (TSX:ECA). Energy. Down 21 cents, or 3.56... Read More

North American stock markets plunge on growing fears of recession

North American stock markets plunge on growing fears of recession
TORONTO — North American stock markets sustained heavy losses with U.S. markets posting their worst start to October in more than a decade on growing fears of recession. The S&P/TSX composite index closed down 136.69 points at 16,310.97. In New York, the Dow Jones industrial average was down 494.42 points at 26,078.62. The S&P 500 index was down 52.64 points at 2,887.61, while... Read More

Quebec helping print media weather digital storm with refundable tax credits

Quebec helping print media weather digital storm with refundable tax credits
QUEBEC — The Quebec government is giving the province’s print media a financial boost to help it confront the unprecedented crisis facing the industry from the rise of digital competitors. Media companies will be able to claim a refundable tax credit equal to 35 per cent of employees’ salaries over five years to give them financial leeway while they seek a new... Read More

Proportion of women on boards up slightly to 17 per cent: CSA report

Proportion of women on boards up slightly to 17 per cent: CSA report
TORONTO — The proportion of board seats held by women at companies listed on the Toronto Stock Exchange inched up slightly to 17 per cent, according to a report from the Canadian Securities Administrators. The level of female representation on boards marks an increase from 15 per cent last year and 11 per cent in 2015 when the report was first published, but... Read More

North American stock markets tumble lower, loonie falls against U.S. dollar

North American stock markets tumble lower, loonie falls against U.S. dollar
TORONTO — The heavyweight industrial, financial and energy sectors led Canada’s main stock index to a triple-digit decline in late-morning trading, while U.S. stock markets also lost ground. The S&P/TSX composite index was down 179.57 points at 16,268.09. In New York, the Dow Jones industrial average was down 458.61 points at 26,114.43. The S&P 500 index was down 49.27 points... Read More