Blog

Kik Interactive sells messaging app to MediaLab to stay focused on cryptocurrency

Kik Interactive sells messaging app to MediaLab to stay focused on cryptocurrency
WATERLOO, Ont. — Kik Interactive Inc. says it has sold its Kik Messenger app to a California-based holding company as Kik narrows its focus to its cryptocurrency. Santa Monica-based MediaLab, which also holds messaging app Whisper and music sharing platform DatPiff, says it will maintain and improve the Kik Messenger app used by millions of people. MediaLab says that it plans to introduce ads... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (16,377.12, down 49.18 points). The Green Organic Dutchman Holdings. (TSX:TGOD). Health care. Down 20 cents, or 14.39 per cent, to $1.19 on 6.9 million shares. Aurora Cannabis Inc. (TSX:ACB). Health care. Down 30 cents, or 5.87 per cent, to $4.81 on 6.7 million shares. Gildan... Read More

Investor advocacy group returns $2M to Jarislowsky Foundation amid cash crunch

Investor advocacy group returns $2M to Jarislowsky Foundation amid cash crunch
TORONTO — Investor advocacy group FAIR Canada is struggling to obtain funding and says it has returned $2.4 million to the Jarislowsky Foundation because it was unable to meet the condition of matching it by 200 per cent. The Toronto-based non-profit says it has reached out to governments, securities regulators, and self-regulatory organizations over the years which have been “generally unwilling... Read More

Google affiliate begins drone deliveries in Virginia town

Google affiliate begins drone deliveries in Virginia town
A Google affiliate is using drones to deliver customers’ Walgreens purchases in a test being run in a Virginia town. Wing, which is owned by Google parent Alphabet, received federal approval earlier this year to make commercial deliveries by drone. It was the first drone company to receive the approval in the U.S., beating out Amazon’s Prime Air. Wing partnered... Read More

S&P/TSX composite edges lower while U.S. stock markets fall; loonie up

S&P/TSX composite edges lower while U.S. stock markets fall; loonie up
TORONTO — Canada’s main stock index edged lower in late-morning trading as losses in the energy and materials sectors helped outweigh gains in the financial sector. The S&P/TSX composite index was down 0.67 of a point at 16,425.63. In New York, the Dow Jones industrial average was down 66.05 points at 26,959.83. The S&P 500 index was down 3.42 points... Read More

Edibles, vapes and oils: What you need to know about cannabis 2.0

Edibles, vapes and oils: What you need to know about cannabis 2.0
TORONTO — Weed-infused brownies, CBD-based hand creams and cannabis vaping products are now legal in Canada, but eager consumers will have to wait until at least mid-December — and the province with the most licensed pot shops is signalling that early 2020 is more realistic. Regulations governing next-generation cannabis products such as edibles, beverages, vapes and topical forms of cannabis... Read More

China’s quarterly economy growth sinks to 6%, a 26-year low

China’s quarterly economy growth sinks to 6%, a 26-year low
BEIJING — China’s economic growth slowed to a 26-year low in the latest quarter as a tariff war with Washington weighed on exports and auto sales and other domestic activity weakened. The world’s second-largest economy expanded by 6% in the three months ending in September, down from the previous quarter’s 6.2%, data showed Friday. The slump increases pressure on Chinese... Read More