Wal-Mart, Home Depot lose bid to appeal deal in credit-card class action

Wal-Mart, Home Depot lose bid to appeal deal in credit-card class action
TORONTO — Members of a class action have no right to appeal a court-approved settlement of the lawsuit, Ontario’s top court ruled on Thursday. The Court of Appeal decision means Walmart Canada and The Home Depot Canada are bound by a multimillion-dollar agreement reached between the plaintiffs, the credit card companies Visa and Mastercard and the banks that issue the... Read More

Canada Post resetting online account passwords after data compromised

Canada Post resetting online account passwords after data compromised
OTTAWA — Canada Post says it is resetting passwords for all online customer accounts after a report that some personal information may have been compromised in 2017. The postal service says that login names and passwords stolen in privacy breaches elsewhere may have been used to access Canada Post accounts if customers reused their login credentials on multiple sites. It maintains that the form of access, known as credential stuffing, does not constitute a breach of... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (16,426.30, down 0.88 of a point). Aurora Cannabis Inc. (TSX:ACB). Health care. Up 37 cents, 7.81 per cent, to $5.11 on 8.8 million shares. First Quantum Minerals Ltd. (TSX:FM). Materials. Up $1.13, or 11.33 per cent, to $11.10 on 6.2 million shares. Encana Corp. (TSX:ECA).... Read More

US single family-home construction ticks up, apartments fall

US single family-home construction ticks up, apartments fall
WASHINGTON — U.S. home building fell last month after reaching a 12-year high in August, driven by a sharp decline in the construction of new apartments. Yet single-family home construction ticked higher for a fourth month. The Commerce Department said Thursday that overall housing starts dropped 9.4% to a seasonally adjusted annual rate of 1.26 million. The construction of new... Read More

BHP sets 2021 timeline for Saskatchewan potash mine investment decision

BHP sets 2021 timeline for Saskatchewan potash mine investment decision
SASKATOON — Australian mining giant BHP Group Ltd. says it hopes to make a final investment decision on a massive potash project in Saskatchewan in early 2021. In its latest quarterly report, the company says its board of directors will be asked to decide the fate of the long-delayed Jansen project about 140 kilometres east of Saskatoon in February 2021. Prices for potash, a light coloured mineral used... Read More

Toronto stock market edges higher, while U.S. stocks move up; loonie up

Toronto stock market edges higher, while U.S. stocks move up; loonie up
TORONTO — Canada’s main stock index edged higher as gains in the materials sector offset losses in the financial stocks, while U.S. stock markets pushed higher. The S&P/TSX composite index was up 5.96 points at 16,433.14. In New York, the Dow Jones industrial average was up 37.66 points at 27,039.64. The S&P 500 index was up 10.25 points at 2,999.94, while... Read More

Molson Coors, Hexo to launch CBD-infused water, THC drinks later this year

Molson Coors, Hexo to launch CBD-infused water, THC drinks later this year
TORONTO — The joint venture between beer giant Molson Coors and pot producer Hexo Corp. says its portfolio of pot-based drinks set to hit the market later this year includes a CBD-infused spring water as well as beverages containing THC. The announcement by Truss Beverage Co. comes one week after its competitor Fluent Beverage Co. — a joint venture between the world’s largest brewer Anheuser-Busch InBev... Read More

A year after pot legalization, lack of retail shops puts a damper on sales

A year after pot legalization, lack of retail shops puts a damper on sales
TORONTO — The bohemian Toronto neighbourhood of Kensington Market has long been a hotspot for weed culture and home to pot lounge Hotbox Cafe, and yet — one year after the legalization of recreational cannabis in Canada — there still isn’t a single legal weed retailer here. It’s not for lack of trying. Once the Ontario government switched the pot... Read More

Barrick Gold says production trending toward upper end of guidance

Barrick Gold says production trending toward upper end of guidance
TORONTO — Barrick Gold Corp. says its full-year production is trending towards the upper end of its guidance for 5.1 million to 5.6 million ounces. The gold miner says preliminary third quarter sales amounted to 1.32 million ounces of gold and 64 million pounds of copper, while preliminary production figures for the quarter totalled 1.31 million ounces of gold and... Read More