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: Recipe Unlimited earnings Recipe Unlimited Corp. reports its third-quarter results on Monday. The company — which owns a wide range of restaurant brands including Swiss Chalet, Harvey’s, East Side Mario’s, Kelseys and Milestones — reported lower second-quarter sales and profit in August due to a... Read More

Fiera Capital revenue up after acquisitions, net earnings down on closing costs

Fiera Capital revenue up after acquisitions, net earnings down on closing costs
MONTREAL — Fiera Capital Corp. says it swung to a loss in the third quarter, mainly because of higher expenses from recent acquisitions that closed in the quarter. “Our focus during the third quarter was on integrating our recently closed acquisitions and building a strong global operations and IT platform,” said company CEO Jean-Guy Desjardins in a statement Friday. Fiera has... Read More

Enbridge reports earnings of $949 million in Q3, up from loss last year

Enbridge reports earnings of $949 million in Q3, up from loss last year
CALGARY — Enbridge Inc. says it earned $949 million in the third quarter, up from a loss of $90 million in the same quarter last year caused by a number of one-time charges. The Calgary-based company says adjusted earnings worked out to $1.12 billion, or 56 cents per share, for the quarter ending Sept. 30, up from $933 million, or 55 cents per share... Read More

TMX Group reports record revenue, net earnings of $61.7 million in third quarter

TMX Group reports record revenue, net earnings of $61.7 million in third quarter
TORONTO — TMX Group Ltd. says earnings edged up in the third quarter as it hit record revenue for the period. The owner of the Toronto Stock Exchange says it earned $61.7 million, or $1.9 per diluted share, for the three months ending Sept. 30, up from $57.5 million, or $1.02 per share, for the same stretch last year. Adjusted earnings were $1.25... 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

Most actively traded companies on the TSX

Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (16,805.75 , up 60.11 points.) Kinross Gold Corp. (TSX:K). Materials. Down 80 cents, or 12.6 per cent, to $5.55 on 10.7 million shares Manulife Financial Corp. (TSX:MFC). Financials. Up 31 cents, or 1.22 per cent, to $25.78 on 8.9 million shares. Katanga Mining Ltd. (TSX:KAT). Materials.... 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

Maple Leaf Foods to reduce environmental footprint and become carbon neutral

Maple Leaf Foods to reduce environmental footprint and become carbon neutral
MISSISSAUGA, Ont. — Maple Leaf Foods Inc. says it plans to reduce its environmental footprint and become carbon neutral. The company says its plan is based on reducing emissions and investing in environmental projects in Canada and the United States. It says the projects will support wind energy, forest protection and re-forestry, as well as the recovery of methane to reduce emissions... Read More

Canopy Growth teaming up with Drake on new cannabis venture More Life Growth Co.

Canopy Growth teaming up with Drake on new cannabis venture More Life Growth Co.
TORONTO — Canopy Growth Corp. is teaming up with Drake to launch More Life Growth Co., a licensed cannabis producer based in Toronto. Under the agreement, Drake will hold a 60-per-cent stake in More Life and Canopy Growth will own the remaining 40 per cent. Canopy Growth will provide all of the day-to-day operations and maintenance of the More Life facility... Read More

Canadian Tire raises quarterly dividend, reports Q3 revenue up from year ago

Canadian Tire raises quarterly dividend, reports Q3 revenue up from year ago
TORONTO — Canadian Tire Corp. raised its dividend as it reported its third-quarter revenue edged higher. The retailer says it will now pay a quarterly dividend of $1.1375 per share, an increase of 10 cents. The increased payment to shareholders came as Canadian Tire reported a profit attributable to shareholders of $197.2 million or $3.20 per diluted share for its... Read More