Sony shutting down online-cable service PlayStation Vue

Sony shutting down online-cable service PlayStation Vue
Sony is shutting down its pioneering online-cable alternative, PlayStation Vue, citing the high cost of content and the difficulty of reaching deals with networks. It launched Vue in early 2015 as a skinnier, cheaper version of cable or satellite TV delivered via the internet. It was a test case for a TV alternative alongside Dish’s Sling TV, and, later, a... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,418.14, up 30.61 points.) Enbridge Inc. (TSX:ENB). Energy. Down nine cents, or 0.19 per cent, to $47.74 on 7.9 million shares. Encana Corp. (TSX:ECA). Energy. Up 22 cents, or 4.04 per cent, to $5.66 on 7.4 million shares. PrairieSky Royalty Ltd. (TSX:PSK). Energy. Down $1.64,... Read More

Coal giant Murray Energy seeks bankruptcy protection

Coal giant Murray Energy seeks bankruptcy protection
CHARLESTON, W.Va. — A major U.S. coal mining company is seeking bankruptcy protection, despite a flurry of regulatory breaks that its CEO pushed for — and received — from the Trump administration. Ohio-based Murray Energy filed for Chapter 11 bankruptcy reorganization Tuesday, joining a growing list of struggling coal operations as communities switch away from fossil fuel to cheaper and... Read More

Canopy expects new pot goods on shelves in late 2019, including distilled pot

Canopy expects new pot goods  on shelves in late 2019, including distilled pot
SMITHS FALLS, Ont. — Canopy Growth Corp. expects to have about 30 next-generation pot products on the market by the end of the year, including distilled cannabis to be used in mixed drinks. Canopy president Rade Kovacevic says it will start with beverages, edibles and vapes and plans to roll out 32 specific items by end of December and add 20... Read More

Hexo shares slip as it reports $56.7M fourth-quarter loss, revenue totals $15.4M

Hexo shares slip as it reports $56.7M fourth-quarter loss, revenue totals $15.4M
Shares of Hexo Corp. fell after the cannabis company posted a larger-than-expected fourth-quarter adjusted loss and an inventory writedown. The Gatineau, Que.-based pot producer’s stock slipped as much as 10 per cent to $2.72 on the Toronto Stock Exchange, but regained some ground to trade for $2.89 by late morning. “Our company’s still young, despite all that we’ve accomplished, we’ve had some shortfalls…. We... Read More

Shopify reports US$72.8M third-quarter loss, revenue up 45 per cent

Shopify reports US$72.8M third-quarter loss, revenue up 45 per cent
OTTAWA — Shopify Inc. reported a loss of US$72.8 million in its latest quarter, while revenue grew 45 per cent compared with a year ago. The Ottawa-based company, which keeps its books in U.S. dollars, says the loss amounted to 64 cents per share for the quarter ended Sept. 30 compared with a loss of $23.2 million or 22 cents... Read More

Materials and industrials helps lift TSX, U.S. stock markets mixed

Materials and industrials helps lift TSX, U.S. stock markets mixed
TORONTO — The materials and industrial sectors helped lift Canada’s main stock index higher in late-morning trading, while U.S. stock markets put in a mixed showing. The S&P/TSX composite index was up 21.36 points at 16,408.89. In New York, the Dow Jones industrial average was up 24.68 points at 27,115.40. The S&P 500 index was up 2.99 points at 3,042.41,... Read More