Energy and health care sectors weigh on stocks in Toronto, U.S. stocks also down

Energy and health care sectors weigh on stocks in Toronto, U.S. stocks also down
TORONTO — Losses in the energy and health-care sectors weighed on stocks in Toronto in late-morning trading as U.S. stocks also moved lower after being closed Thursday. The S&P/TSX composite index was down 32.16 points at 17,082.74. In New York, the Dow Jones industrial average was down 77.69 points at 28,082.04. The S&P 500 index was down 6.79 points at 3,146.84, while the Nasdaq... Read More

Organigram expects revenue to rise in Q1 2020 compared with final quarter 2019

Organigram expects revenue to rise in Q1 2020 compared with final quarter 2019
MONCTON, N.B. — Cannabis company Organigram Holdings Inc. says it expects net revenue in the first-quarter of its 2020 financial year to rise compared with the fourth quarter of its 2019 financial year due to increased sales to provinces and higher wholesale revenue. The company had warned earlier this month that revenue in its fourth-quarter would be lower than the third quarter.... Read More

Loblaw launching online marketplace that will include new brands and products

Loblaw launching online marketplace that will include new brands and products
TORONTO — Loblaw Companies Ltd. is introducing an online marketplace that will include brands and products that it has not traditionally sold. The online marketplace will include new vendors available through Loblaw’s PC Express service. The retailer says the third-party companies will be introduced in five expanded categories at the launch. Loblaw says the offerings will go beyond its current in-store selections... Read More

Bitfarms still betting on Quebec despite growing pains in cryptocurrency field

Bitfarms still betting on Quebec despite growing pains in cryptocurrency field
MONTREAL — Bitfarms marketed itself last spring as a socially conscious company, harnessing unused, sustainable hydroelectricity to help power Quebec’s digital economy while also providing much-needed revenue for the province’s struggling regions. But since that time, the cryptocurrency mining firm has run into difficulties. Bitfarms lost its president and co-founder last month, along with three managers and other lower-level staff. Its stock price is trading roughly 30 per... Read More

CAE Inc. reports second-quarter profit and revenue up from year ago

CAE Inc. reports second-quarter profit and revenue up from year ago
MONTREAL — CAE Inc. says its second-quarter profit rose nearly 22 per cent from the same time last year as its civil aviation business led revenue growth. The simulator and training company said it earned a profit attributable to shareholders of $73.8 million or 28 cents per share for the quarter, up from $60.7 million or 23 cents per share last year.... Read More

Drake launches cannabis brand More Life Growth in partnership with Canopy Growth

Drake launches cannabis brand More Life Growth in partnership with Canopy Growth
TORONTO — Drake rapped about starting from the bottom, but his new venture in the cannabis industry is certainly a higher business. The Toronto-raised performer has signed an investment partnership to launch More Life Growth Co., a licensed cannabis producer that’ll be based in his hometown. The deal, struck with Canopy Growth Corp., gives Drake a 60-per-cent stake in the More Life... Read More

Bruce Linton named executive chairman at U.S. cannabis firm Vireo

Bruce Linton named executive chairman at U.S. cannabis firm Vireo
MINNEAPOLIS — Canopy Growth Corp. founder Bruce Linton has been named executive chairman of U.S. cannabis company Vireo Health International Inc. The company says he will serve on the board of directors and work closely with Vireo chief executive and founder Kyle Kingsley. Vireo produces and sells cannabis and pharmaceutical-grade cannabis extracts. The company is licensed in 11 markets. Linton is... Read More

Early Gen-Xers are coming of age to begin collecting seniors discounts

Early Gen-Xers are coming of age to begin collecting seniors discounts
TORONTO — Early Gen-Xers may find it uncomfortable to admit, but they have joined their parents in being old enough to claim senior discounts. The eldest members of the cohort born between 1965 and 1979 can save money by targeting their spending. While most retailers only offer discounts to Canadians that reach the traditional age of retirement, some give customers a... Read More

KFC Canada to test bamboo packaging for poutine starting next year

KFC Canada to test bamboo packaging for poutine starting next year
VAUGHAN, Ont. — KFC Canada says it will test poutine buckets made out of bamboo fibres starting early next year. The fried chicken chain says in a statement the trial of the eco-friendly packaging is the first of several innovative materials it plans to test. KFC says bamboo is often called one of the world’s most renewable materials thanks to... Read More

Rental buildings making a comeback as housing crunch pushes demand, returns

Rental buildings making a comeback as housing crunch pushes demand, returns
TORONTO — Matthew Boukall remembers a couple of years back at a conference in Calgary, where someone got confused over the difference between condo and rental apartment builds. “People had only seen condo apartments for so long, that they forgot people built rental,” said Boukall, a vice-president at real estate services firm Altus Group. Decades of under-investment made dedicated rental buildings... Read More