Tilray’s Q1 net loss widens to US$184.1 million amid layoffs and restructuring

Tilray’s Q1 net loss widens to US$184.1 million amid layoffs and restructuring
NANAIMO, B.C. — Tilray Inc. says its net loss widened in its first quarter as it laid off 10 per cent of its workforce and restructured the company. The Nanaimo, B.C.,-based cannabis firm, which reports its earnings in U.S. dollars, says its net loss for the period ended March 31 amounted to $184.1 million or $1.73 per share. That compared with a loss of $29.4 million or $0.31 per... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (15,103.22, up 136.66 points.) Freegold Ventures Ltd. (TSX:FVL). Materials. Unchanged at 34 cents on 21.8 million shares. Manulife Financial Corp. (TSX:MFC). Financials. Up five cents, or 0.29 per cent, to $17.13 on 14.4 million shares. Bombardier Inc. (TSX:BBD.B). Industrials. Down one cent, or 2.27 per cent, to 43... Read More

Toronto stock market moves higher to start week as Shopify surges

Toronto stock market moves higher to start week as Shopify surges
TORONTO — Shopify Inc. led Canada’s main stock index higher to start the week as the technology sector continued to thrive in Canada and the U.S. amid the COVID-19 pandemic. The S&P/TSX composite index closed up 136.66 points at 15,103.22. In New York, the Dow Jones industrial average was down 109.33 points at 24,221.99. The S&P 500 index was up 0.39 points... Read More

Victoria mayor says city prepares to create open spaces for restaurant recovery

Victoria mayor says city prepares to create open spaces for restaurant recovery
Victoria’s mayor says she wants to give the city’s restaurants, pubs and retailers more space to reopen successfully with a plan that could expand outdoor patios to sidewalks, parking lots and streets closed to traffic. Lisa Helps says her council is prepared to quickly approve flexible COVID-19 recovery plans to allow open-air dining experiences in an environment of safe physical distancing for customers and employees. B.C. restaurants have been restricted to... Read More

Investment watchdog imposes $1.8M in fines in 2019, nearly double 2018 levels

Investment watchdog imposes $1.8M in fines in 2019, nearly double 2018 levels
TORONTO — A total of $1.8 million in sanctions was levied against Canadian investment firms by a national industry watchdog last year, about double what it imposed in 2018. In total, there were 28 individuals prosecuted and eight member firms of the Investment Industry Regulatory Association of Canada. The 2019 sanctions against firms were primarily fines and costs, while sanctions against individuals also included disgorged,... Read More

Work-from-home success changing Calgary office use assumptions, CEOs say

Work-from-home success changing Calgary office use assumptions, CEOs say
CALGARY — Work-from-home measures taken to control the spread of the COVID-19 pandemic are challenging long-held assumptions about how Canada’s oil and gas sector should provide and care for its office workers. The ramifications as downtown offices reopen in Calgary could mean fewer face-to-face meetings, less travel, more flexibility for workers in where, when and how they work and, ultimately, lower leasing bills,... Read More

Post-COVID grocery store sales high but below the mid-March peak, StatCan says

Post-COVID grocery store sales high but below the mid-March peak, StatCan says
OTTAWA — Consumers continued to buy more hand sanitizer, toilet paper, canned goods and baking supplies in April than before the COVID-19 pandemic even as the mid-March shopping frenzy started to die down, according to Statistic Canada’s latest data. Retail grocery store sales jumped 40 per cent for the week ending March 21 compared to the same week last year,... Read More

Ensign Energy Services suspends quarterly dividend reports $29.3M Q1 loss

Ensign Energy Services suspends quarterly dividend reports $29.3M Q1 loss
CALGARY — Ensign Energy Services Inc. suspended its quarterly dividend as it reported a loss of $29.3 million in its latest quarter. The drilling company says it stopped its regular payment of six cents per share due to the COVID-19 pandemic and the plunge in oil prices that has dried up demand for its services. The move to stop its... Read More

Weakness in materials sector hurts S&P/TSX composite, U.S. markets mixed

Weakness in materials sector hurts S&P/TSX composite, U.S. markets mixed
TORONTO — Canada’s main stock index was down in late-morning trading as the materials sector fell, while U.S. stock markets were mixed. The S&P/TSX composite index was down 15.84 points at 14,950.72. In New York, the Dow Jones industrial average was down 183.38 points at 24,147.94. The S&P 500 index was down 11.65 points at 2,918.15, while the Nasdaq composite... Read More