Category: Retail & Ecommerce

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

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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

Canadian home sales rise by 0.9 per cent between July and August: CREA

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Canadian home sales rise by 0.9 per cent between July and August: CREA
OTTAWA — The Canadian Real Estate Association says home sales rose by 0.9 per cent between July and August, marking the fourth consecutive monthly increase. The growth came as roughly half of all local markets saw a month-over-month increase, led by the Greater Toronto Area, along with gains in Montreal and Edmonton. Compared with a year ago, sales were down 3.8... Read More

BC to have only one store selling cannabis on first day of legalization

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BC to have only one store selling cannabis on first day of legalization
VANCOUVER — On the morning of Oct. 17, British Columbians shouldn’t expect to wake up and see marijuana stores opening their doors. At least that’s the message from the province’s minister of public safety and solicitor general, Mike Farnworth. In a news release issued Sunday, Farnworth said the government’s first  and only BC Cannabis Store will open in Kamloops and more... Read More

Most actively traded companies on the TSX

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Most actively traded companies on the TSX
Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (16,049.02, down 45.23 points). Aurora Cannabis Inc. (TSX:ACB). Healthcare. Up two cents, or 0.22 per cent, to $9.11 on 40.7 million shares. RNC Minerals. (TSX:RNX). Metals. Down four cents, or 14.3 per cent, to 24 cents on 34.8 million shares. Aphria Inc. (TSX:APH). Healthcare. Down 79 cents, or 3.66 per cent, to $20.82 on 16.2 million... Read More

Roots stock falls to lowest point after earnings results come up short

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Roots stock falls to lowest point after earnings results come up short
TORONTO — Roots Corp. share prices dropped to their lowest point since the heritage clothing brand went public last October as second-quarter earnings fell short of analysts’ expectations. The Toronto-based company reported a net loss of $4.08 million, up from a net loss of $8.34 million in the second quarter of last year. It had an adjusted net loss of $0.06 per share in the quarter ended... Read More

Most actively traded companies on the TSX

Editor
Most actively traded companies on the TSX
Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (16,094.25, up 37.16 points). RNC Minerals. (TSX:RNX). Metals. Up 10.5 cents, or 60 per cent, to 28 cents on 54.2 million shares. Aurora Cannabis Inc. (TSX:ACB). Health care. Up 83 cents, or 10 per cent, to $9.09 on 30 million shares. Aphria Inc. (TSX:APH). Health care. Down nine cents, or 0.41 per cent, to $21.61... Read More

Manitoba to spend up to $1.48 million to help jacket maker Canada Goose expand

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Manitoba to spend up to $1.48 million to help jacket maker Canada Goose expand
WINNIPEG — The Manitoba government says it will spend up to $1.48 million to help luxury jacket maker Canada Goose expand its Winnipeg manufacturing operations. Premier Brian Pallister says the $15.8 million expansion will create about 700 jobs. He says the province’s contribution will be spent to help train sewing machine operators over three years. The new facility will be the... Read More

What’s in the Amazon box? Maybe a real 7-foot Christmas tree

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What’s in the Amazon box? Maybe a real 7-foot Christmas tree
NEW YORK — Watch out for the 7-foot box on the doorstep. Amazon plans to sell and ship fresh, full-size Christmas trees this year. But a live tree is no paperback book. Amazon says the Christmas trees, including Douglas firs and Norfolk Island pines, will be bound and shipped without water in the usual sort of box. Amazon said they’ll... Read More

Hudson’s Bay Co., Austria-based Signa form joint venture in European retail

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Hudson’s Bay Co., Austria-based Signa form joint venture in European retail
TORONTO — Hudson’s Bay Co. has struck a deal to merge its German department stores with its biggest rival in the European market. The Toronto-based retailer, which owns Galeria Kaufhof, announced Tuesday an agreement with Signa Retail Holdings, the Austrian-based brand behind Karstadt, a competitor department store in the market. HBC chief executive Helena Foulkes said the deal will earn HBC $616... Read More