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 (15,446.14, up 151.76 points.) Bombardier Inc. (TSX:BBD.B). Industrials. Down half a cent, or 1.12 per cent, to 44 cents on 12.1 million shares. Zenabis Global Inc. (TSX:ZENA). Health care. Down half a cent, or 5.88 per cent, to eight cents on 9.7 million shares. Suncor... Read More

North American stock markets rise on easing of U.S. banking rule restrictions

North American stock markets rise on easing of U.S. banking rule restrictions
TORONTO — North American stock markets moved higher as the banking sector was helped by an easing of restrictions on their use of capital. The S&P/TSX composite index closed up 151.76 points at 15,446.14. In New York, the Dow Jones industrial average was up 299.66 points at 25,745.60. The S&P 500 index was up 33.43 points at 3,083.76, while the Nasdaq... Read More

Saskatchewan calls Ottawa’s boost to Quebec, Atlantic tourism ‘outrageous’

Saskatchewan calls Ottawa’s boost to Quebec, Atlantic tourism ‘outrageous’
REGINA — Saskatchewan says it wants in on the federal money Ottawa is sending to eastern tourism industries hit by the COVID-19 pandemic. Premier Scott Moe tweeted a letter he sent to the federal economic development minister expressing his disappointment Western Canada was left out of a $46 million package to help tourism in Quebec and Atlantic Canada. Minister Melanie Joly said earlier this week the country’s... Read More

Collision wraps first year online, offering peek into future of tech festivals

Collision wraps first year online, offering peek into future of tech festivals
TORONTO — When Paddy Cosgrave welcomed the world to his annual Collision tech conference on Tuesday, it was far from the event he envisioned when he started planning it last year. Gone was the bustling Enercare Centre floor in Toronto, where start-ups, investors and company head honchos rubbed shoulders last year. The handful of massive stages where celebrities and executives held court... Read More

Trudeau launches student support, defends fiscal record after credit-rating cut

Trudeau launches student support, defends fiscal record after credit-rating cut
OTTAWA — Prime Minister Justin Trudeau defended his government’s fiscal record on Thursday as it launched several new programs promising billions of dollars in new support for students. The moves came one day after Canada saw its credit rating degraded by one major agency, over the massive increase in government spending meant to help Canadians through the COVID-19 pandemic. The... Read More

Pakistan to ground 150 pilots for cheating to get licenses

Pakistan to ground 150 pilots for cheating to get licenses
ISLAMABAD — Pakistan’s state-run airline said Thursday it will ground 150 pilots, accusing them of obtaining licenses by having others take exams for them after a probe into last month’s crash that killed 97 people in Karachi. Abdullah Hafeez, a spokesman for Pakistan International Airlines, didn’t give additional details about the cheating but said a process to fire the pilots... Read More

Aphria, Emblem and Aleafia settle dispute over cancelled supply agreement

Aphria, Emblem and Aleafia settle dispute over cancelled supply agreement
LEAMINGTON, Ont. — Aphria Inc. has reached a deal worth $29.1 million to settle a dispute with Emblem Cannabis Corp. and Aleafia Health Inc. The settlement ends a disagreement the companies had over Aleafia’s decision in 2019 to cancel a supply agreement it had with Aphria. Aphria CEO Irwin Simon says the deal allows the companies to avoid the distraction... Read More

Cannabis company Canopy Growth signs deal to amend Acreage Holdings deal

Cannabis company Canopy Growth signs deal to amend Acreage Holdings deal
Canopy Growth Corp. is shaking up its Acreage Holdings Inc. acquisition deal because of “broader market and economic factors.” Smiths Falls, Ont.-based Canopy signed an agreement in April 2019 to takeover the New York company if cannabis production and sale became federally legal in the United States. The deal would help Canopy deepen its international opportunities and involved the company agreeing to pay 0.5818 of its... Read More