Canopy Growth to have hemp-CBD in U.S. as early as Q4

Canopy Growth to have hemp-CBD in U.S. as early as Q4
Canopy Growth Corp. expects to have CBD products in the U.S. where permissible as early as the fourth-quarter, but says the related hemp-production facilities it has in the works can easily switch to cannabis if and when it becomes federally legal south of the border. Co-chief executive Bruce Linton said the licensed cannabis producer is “on track” to have products with hemp-derived CBD, or cannabidiol, south of the... Read More

Enbridge confident Line 3 pipeline will open this year despite new challenge

Enbridge confident Line 3 pipeline will open this year despite new challenge
CALGARY — Enbridge Inc. is confident that its Line 3 oil pipeline replacement project will come into service by the end of the year in spite of a renewed challenge launched this week by the newly elected governor of Minnesota. On Tuesday, Gov. Tim Walz announced that his commerce department would petition the state Public Utility Commission to reconsider its approval... Read More

Canopy Growth Q3 revenue soars but so does its loss from operations

Canopy Growth Q3 revenue soars but so does its loss from operations
SMITHS FALLS, Ont. — Canopy Growth Corp. says it generated $97.7 million of revenue in the three months ended Dec. 31, including its first sales of non-medical cannabis products, up from $21.7 million in the previous year’s fiscal third quarter. The Ontario-based company — one of Canada’s largest cannabis producers — recorded a loss from operations for the quarter, but turned a... Read More

Cineplex Q4 profit falls as theatre attendance declines; revenue up slightly

Cineplex Q4 profit falls as theatre attendance declines; revenue up slightly
TORONTO — Cineplex Inc. says it had $27.2 million of net income in the fourth quarter, down from $28.8 million a year earlier, as attendance at its theatres declined. The Toronto-based entertainment company says the profit amounted to 43 cents per share, down from 45 cents per diluted share in fourth quarter of 2017. On an adjusted basis, Cineplex profit... Read More

Full pipelines, new services propel Enbridge to street-beating $1.17B income

Full pipelines, new services propel Enbridge to street-beating $1.17B income
CALGARY — Enbridge Inc. says full oil and gas pipelines and the addition of new services led to fourth-quarter earnings that beat analyst expectations. Canada’s largest pipeline operator says adjusted net income was $1.17 billion or 65 cents per share in the last three months of 2018, beating analyst estimates of $1.12 billion or 62 cents per share as noted by Thomson Reuters Eikon.... Read More

First Quantum swings to profit in Q4, major new mine begins processing ore

First Quantum swings to profit in Q4, major new mine begins processing ore
TORONTO — First Quantum Minerals Ltd. swung to a profit in the fourth quarter as it works to ramp up initial production at its big new copper mine in Panama. The Toronto-based copper miner, which reports in U.S. dollars, says adjusted net earnings came in at $198 million or 29 cents per share in the quarter ending Dec. 31, up from a loss... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (15,695.98, up 69.25).   Encana Corp. (TSX:ECA). Energy. Up 19 cents, or 2.24 per cent, to $8.69 on 47.97 million shares. Bombardier Inc. (TSX:BBD.B). Industrials. Up 47 cents, or 23.04 per cent, to $2.51 on 43.59 million shares. Aurora Cannabis Inc. (TSX:ACB). Health care. Down 13... Read More

Bombardier reports US$55M Q4 profit compared with a loss a year ago

Bombardier reports US$55M Q4 profit compared with a loss a year ago
MONTREAL — Bombardier Inc. says it earned a fourth-quarter profit of US$55 million compared with a loss a year ago. The plane and train maker, which keeps its books in U.S. dollars, says the profit amounted to two cents per diluted share for the quarter ended Dec. 31. That compared to a loss of $188 million or nine cents per share a... Read More

Canadian Tire Q4 profit dips on one-time charge, tops expectations

Canadian Tire Q4 profit dips on one-time charge, tops expectations
TORONTO — Canadian Tire Corp. Ltd. reported a dip in its fourth-quarter profit compared with a year ago, as it took a one-time charge related to its financial services deal with Scotiabank. The retailer says it earned a profit attributable to shareholders of $254.3 million or $3.99 per diluted share for the 13-week period ended Dec. 29, compared to a profit of... Read More

Canada Goose to open new factory in Montreal, reports Q4 profit up from year ago

Canada Goose to open new factory in Montreal, reports Q4 profit up from year ago
MONTREAL — Canada Goose Holdings Inc. says it will open a new factory in Quebec, its second in the province. The production facility will be located in Montreal and is expected to employ more than 100 people by the end of March, and grow to 650 new positions at full capacity by the end of 2020. The announcement came as the... Read More