Median price of dried cannabis dropped 25 per cent in Ontario last year: OCS

Median price of dried cannabis dropped 25 per cent in Ontario last year: OCS
TORONTO — The Ontario Cannabis Store says the median price of dried flower dropped 25 per cent in its first full year of operation since legalization in a bid to compete with the illegal market. The illegal price was $8.23 per gram, compared with $8.56 at OSC.ca and $10.84 at retail stores. Ontario consumers spent $385.1 million for 35.1 million... 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 (15,948.91, up 94.84 points.) Bombardier Inc. (TSX:BBD.B). Industrials. Up 11 cents, or 23.4 per cent, to 58 cents on 35.1 million shares. HEXO Corp. (TSX:HEXO). Health care. Up 48 cents, or 44.4 per cent, to $1.56 on 32.6 million shares. Baytex Energy Corp. (TSX:BTE). Energy. Up 10 cents, or 11.9 per... Read More

S&P 500 fully recovers, Nasdaq hits record high on reopening optimism

S&P 500 fully recovers, Nasdaq hits record high on reopening optimism
TORONTO — The S&P 500 fully recovered all losses this year while the Nasdaq composite index set a record high on continued investor optimism about progression of economic reopenings. Investors on the TSX were also buoyed by further movement to move beyond the COVID-19 lockdowns. The Ontario government said Monday that most regions outside the Toronto area will be allowed to open... Read More

Most regions outside Toronto-Hamilton area moving to Stage 2 of reopening

Most regions outside Toronto-Hamilton area moving to Stage 2 of reopening
TORONTO — Most Ontario regions outside the Toronto area will be allowed to open more businesses and activities Friday, including restaurant patios, hair salons and swimming pools as the province takes a regional approach to reopening. But provincewide on Friday, the limit on social gatherings will increase from five to 10, though the government says people must still stay two metres... Read More

Canadian firms lag global peers about cybersecurity risks, says EY survey

Canadian firms lag global peers about cybersecurity risks, says EY survey
TORONTO — A global survey says Canadian organizations lagged their global peers when it comes to addressing cybersecurity risks even as they become increasingly vulnerable with more businesses working remotely. Tax and advisory firm EY says that despite making progress, 34 per cent of Canadian groups don’t fully articulate the risk, compared with 16 per cent of global peers. The survey... Read More

Appeal court overturns double royalties ruling in a win for Apple

Appeal court overturns double royalties ruling in a win for Apple
OTTAWA — The Federal Court of Appeal has ruled that songwriters are not entitled to royalties when music is first posted online, but only after it has been downloaded. The decision overturns an administrative body ruling from 2017 that found composers and publishers are entitled to two royalties: one when a song is made available on a platform such as iTunes or Spotify,... Read More

Genworth Canada says it won’t follow CMHC in tightening mortgage insurance eligibility

Genworth Canada says it won’t follow CMHC in tightening mortgage insurance eligibility
TORONTO — Genworth MI Canada Inc. says it’s holding steady on its credit score qualifications, despite a move by one of its main competitors to toughen mortgage lending standards. The Oakville, Ont.-based company said Monday its insurance subsidiary, which is among the country’s largest insurers to residential mortgage lenders, “has no plans to change its underwriting policy, related to debt service ratio limits, minimum credit... Read More

Northern travel ban, restaurant restrictions lift in Saskatchewan

Northern travel ban, restaurant restrictions lift in Saskatchewan
REGINA — People living in northern Saskatchewan can start travelling in the region today, and others can head to their cottages in the area. The province is lifting a travel ban against non-essential travel in the north, which was imposed because of an outbreak of COVID-19. More businesses are also being allowed to open, including places of worship, personal care services such as nail salons and tattoo... Read More