Housing data decision opens door to real estate innovation, say realtors

Housing data decision opens door to real estate innovation, say realtors
TORONTO — Realtor Daniel Steinfeld has wanted to post home sales data on his business’ password-protected website for as long as he can remember, but it took a seven-year court battle between the Competition Bureau and the Toronto Real Estate Board for him and other realtors to land the right to publish the numbers. Steinfeld, the owner of On the Block Realty and an online... Read More

Five things to watch for in the Canadian business world in the coming week

Five things to watch for in the Canadian business world in the coming week
TORONTO — Five things to watch for in the Canadian business world in the coming week: BoC speech Bank of Canada governor Stephen Poloz gives a speech to Atlantic Provinces Economic Council and Greater Moncton Chamber of Commerce on Thursday evening. The central bank cited ongoing trade tensions in its Sept. 5 decision to leave its key interest rate target... Read More

Shoppers Drug Mart gets medical pot license from Health Canada

Shoppers Drug Mart gets medical pot license from Health Canada
TORONTO — Shoppers Drug Mart has received Health Canada’s approval to be a licensed medical marijuana producer, opening the door for the pharmacy giant to dispense medical cannabis to patients. This comes after Shoppers in October 2016 applied to Health Canada to become a licensed medical marijuana producer. “As trusted medication experts, we believe pharmacists have an important role to play... Read More

Case for interest rate hike builds with resilient inflation data: analysts

Case for interest rate hike builds with resilient inflation data: analysts
OTTAWA — The country showed signs of growing price pressures last month with inflation staying strong and its underlying pace grinding higher — both of which propped up expectations that higher interest rates are on the way. The annual inflation rate for August receded somewhat to 2.8 per cent, easing from July’s three per cent pace that marked Canada’s highest reading in seven years. Last month’s step back was... Read More

Inflation eases to 2.8% as gas price growth slows; core numbers creeps up

Inflation eases to 2.8% as gas price growth slows; core numbers creeps up
OTTAWA — The country’s annual inflation rate eased to 2.8 per cent in August as still-rising gasoline prices advanced at a more-moderate pace, Statistics Canada said Friday. The agency’s latest number came in just below the previous month’s three per cent reading, which had pushed inflation to the top end of the Bank of Canada’s target range with the fastest price growth in seven years. The August result matched the expectations of economists, according to Thomson... Read More

Alimentation Couche-Tard taking a more laid-back approach to selling pot

Alimentation Couche-Tard taking a more laid-back approach to selling pot
LAVAL, Que. — The chairman of Alimentation Couche-Tard Inc. says reluctance from the company’s own employees and broader uncertainty about the North American cannabis market are preventing it from charging into the blossoming sector. “There’s opinions all over the place. If you talk to our people, it’s like 50-50,” said Alain Bouchard, co-founder of the Quebec-based convenience store giant. “It... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (16,214.75,  up 64.83 points). Aurora Cannabis Inc. (TSX:ACB). Health care. Up $1.38, or 12.70 per cent, to $12.25 on 56.5 million shares. RNC Minerals. (TSX:RNX). Metals. Up four cents, or 10.4 per cent, to 42.5 cents on 27.5 million shares. Neovasc Inc. (TSX:NVCN). Health care. Up a half of a cent, or... Read More

Saskatchewan approves new wind energy project with 56 turbines

Saskatchewan approves new wind energy project with 56 turbines
HERBERT, Sask. — The Saskatchewan government says a large-scale wind energy project has been approved for the province’s southeast as a way to reduce greenhouse gas emissions. The Blue Hill Wind Energy Project will be located south of Herbert, Sask., and is expected to have 56 wind turbines. Environment Minister Dustin Duncan says the project demonstrates the government’s commitment to renewable energy. Saskatchewan has... Read More

Toronto stocks edge higher, while Dow posts triple-digit gain; Loonie up

Toronto stocks edge higher, while Dow posts triple-digit gain; Loonie up
TORONTO — Gains in the financial, health care and industrials sectors helped Canada’s main stock index edge higher in late-morning trading, while U.S. markets surged higher. The S&P/TSX composite index was up 9.54 points at 16,159.46. In New York, the Dow Jones industrial average was up 218.40 points at 26,624.16. The S&P 500 index was up 17.10 points at 2,925.05,... Read More