NSLC president offers glimpse inside Nova Scotia’s ‘unique’ cannabis stores

NSLC president offers glimpse inside Nova Scotia’s ‘unique’ cannabis stores
HALIFAX — The Nova Scotia Liquor Corp. offered a glimpse inside one of its coming cannabis stores Wednesday, showcasing a unique retail hybrid not likely found anywhere else in the world. NSLC president and CEO Bret Mitchell took media on a tour of the cannabis store that’s inside the NSLC on Joseph Howe Drive in Halifax, saying Nova Scotia is the only jurisdiction that brings cannabis... Read More

Restaurant Brands International to review ‘no-poach’ franchise agreements

Restaurant Brands International to review ‘no-poach’ franchise agreements
One of Canada’s largest fast-food companies says it will review a controversial clause in its franchisee contracts less than a week after numerous competitors in the U.S. dropped similar language from their contracts to avoid an antitrust lawsuit. The so-called no-poach clause — in which franchisees sign agreements prohibiting them from hiring employees from other franchisees — is common, but has recently caused concern it... Read More

Loblaw delivers closing arguments in $437-million tax dispute with CRA

Loblaw delivers closing arguments in $437-million tax dispute with CRA
TORONTO — A lawyer for Loblaw Companies Ltd. told a Toronto court today there is no evidence to back the Canada Revenue Agency’s allegations that its Barbadian banking subsidiary was misused for tax avoidance. Loblaw’s lawyer Al Meghji said in his closing arguments at the Tax Court of Canada that Barbados-based Glenhuron Bank is viewed as a bank under Barbadian law, and should qualify for... Read More

China’s economic growth cools amid trade tensions

China’s economic growth cools amid trade tensions
BEIJING — China’s economic growth slowed in the quarter ending in June, adding to challenges for Beijing as its tariff battle with Washington escalates. The world’s second-largest economy expanded by 6.7 per cent over a year earlier, down from the previous quarter’s 6.8 per cent, the government reported Monday. Key drivers of growth including spending on construction and other investments were weakening even... Read More

DavidsTea director Roland Walton resigns from board

DavidsTea director Roland Walton resigns from board
MONTREAL — DavidsTea Inc. says Roland Walton has resigned as a director. Walton was elected to the company’s board of directors last month as part of a group of dissident nominees that replaced the existing board. He is a former president of Tim Hortons Canada. DavidsTea co-founder Herschel Segal led the shareholder revolt to replace the board at the company’s... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,417.32, down 131.40 points) Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Up three cents, or 0.56 per cent, to $5.43 on 14.3 million shares. JetBlue Airways Corp. ordered 60 of the Airbus A220-300 aircraft, formerly named C Series, for delivery starting in 2020 with the option of another 60 starting... Read More

B.C. signs agreements with licensed producers to supply legal marijuana

B.C. signs agreements with licensed producers to supply legal marijuana
VANCOUVER — British Columbia has signed agreements with licensed producers to supply recreational marijuana after legalization this fall, and boasts its stash will feature an “exclusive and competitive” assortment of pot products. The Liquor Distribution Branch, which will be the only wholesaler of cannabis in the province, has entered into memorandums of understanding with 31 producers that responded to its request for information process.... Read More

Tim Hortons signs franchise agreement with Cartesian Capital to expand to China

Tim Hortons signs franchise agreement with Cartesian Capital to expand to China
OAKVILLE, Ont. — Tim Hortons has signed an agreement with a private equity firm to expand in China. Under the exclusive master franchise joint venture agreement announced Wednesday, Cartesian Capital Group will develop and open more than 1,500 Tim Hortons restaurants in China over the next 10 years. Financial terms of the agreement were not immediately available. Tim Hortons president... Read More

Judge: Experts can testify that Roundup linked to cancer

Judge: Experts can testify that Roundup linked to cancer
SAN FRANCISCO — Evidence that Roundup weed killer can cause cancer seems “weak,” but experts can still make that claim at trial, a U.S. judge ruled Tuesday. The decision by U.S. District Judge Vince Chhabria in San Francisco allows hundreds of lawsuits against Roundup’s manufacturer, Monsanto, to move forward. The lawsuits by cancer victims and their families say the agrochemical... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (up 80.56 points to 16,452.34, a record high) Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Up 14 cents, or 2.73 per cent, to $5.26 on 6.2 million shares. Aurora Cannabis Inc. (TSX:ACB). Health care. Down nine cents, or 0.97 per cent, to $9.16 on 4.9 million shares. Cenovus Energy Inc.... Read More