Category: Stocks to Watch

Most actively traded companies on the TSX

Editor
Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (15,446.14, up 151.76 points.) Bombardier Inc. (TSX:BBD.B). Industrials. Down half a cent, or 1.12 per cent, to 44 cents on 12.1 million shares. Zenabis Global Inc. (TSX:ZENA). Health care. Down half a cent, or 5.88 per cent, to eight cents on 9.7 million shares. Suncor... Read More

Aphria, Emblem and Aleafia settle dispute over cancelled supply agreement

CanadianInvestor
Aphria, Emblem and Aleafia settle dispute over cancelled supply agreement
LEAMINGTON, Ont. — Aphria Inc. has reached a deal worth $29.1 million to settle a dispute with Emblem Cannabis Corp. and Aleafia Health Inc. The settlement ends a disagreement the companies had over Aleafia’s decision in 2019 to cancel a supply agreement it had with Aphria. Aphria CEO Irwin Simon says the deal allows the companies to avoid the distraction... Read More

Cannabis company Canopy Growth signs deal to amend Acreage Holdings deal

CanadianInvestor
Cannabis company Canopy Growth signs deal to amend Acreage Holdings deal
Canopy Growth Corp. is shaking up its Acreage Holdings Inc. acquisition deal because of “broader market and economic factors.” Smiths Falls, Ont.-based Canopy signed an agreement in April 2019 to takeover the New York company if cannabis production and sale became federally legal in the United States. The deal would help Canopy deepen its international opportunities and involved the company agreeing to pay 0.5818 of its... Read More

BlackBerry writes down value of its Spark unit, posts US$636 million Q1 loss

CanadianInvestor
BlackBerry writes down value of its Spark unit, posts US$636 million Q1 loss
WATERLOO, Ont. — BlackBerry Ltd. posted a US$636 million net loss in the first quarter ended May 31, as it recorded a non-cash accounting writedown related to its BlackBerry Spark unit. The company, which reports in U.S. currency, said the loss amounted to $1.14 per share. That included a $594-million goodwill impairment primarily related to its BlackBerry Spark reporting unit,... Read More

Most actively traded companies on the TSX

Editor
Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (15,294.38, down 270.37 points.) Bonavista Energy Corp. (TSX:BNP). Energy. Down 1.5 cents, or 21.43 per cent, to 5.5 cents on 19.1 million shares. Bombardier Inc. (TSX:BBD.B). Industrials. Down 1.5 cents, or 3.26 per cent, to 44.5 cents on 9.4 million shares. Baytex Energy Corp. (TSX:BTE). Energy.... Read More

Barrick Niugini to lay off 2,650 Papua New Guinea gold mine workers

CanadianInvestor
Barrick Niugini to lay off 2,650 Papua New Guinea gold mine workers
TORONTO — Owners of the Porgera gold mine in Papua New Guinea say they will lay off 2,650 local mine workers by the end of July as the result of a continuing dispute with the federal government. Barrick Niugini Ltd., the joint venture mine owner and operator that is owned 47.5 per cent each by Canada’s Barrick Gold Corp. and partner Zijin Mining... Read More

GFL Environmental signs US$835-million deal to buy assets in 10 U.S. states

CanadianInvestor
GFL Environmental signs US$835-million deal to buy assets in 10 U.S. states
VAUGHAN, Ont. — GFL Environmental Inc. has signed a deal to buy a portfolio of integrated solid waste collection, transfer, recycling and disposal assets in the United States for US$835 million. GFL says the deal will significantly expand its U.S. footprint. The assets are being sold as a result of the acquisition of Advanced Disposal Services Inc. by a wholly... Read More

Indigo loses $171 million in Q4 after taking large impairment, tax charges

CanadianInvestor
Indigo loses $171 million in Q4 after taking large impairment, tax charges
TORONTO — Indigo Books & Music Inc. is reporting a surge in losses caused by non-cash charges in its fiscal year ended March 28. The Toronto-based book, gift and specialty toy retailer says it lost $171.3 million or $6.22 per diluted share in the fourth quarter, compared with a loss of $23.8 million or 86 cents per share a year earlier. Indigo... Read More

WestJet retreats on labour code exemption that would facilitate mass layoffs

CanadianInvestor
WestJet retreats on labour code exemption that would facilitate mass layoffs
WestJet Airlines Ltd. says it has halted its pursuit of a labour code exemption that would have facilitated mass layoffs. WestJet aviation security manager Jared Mikoch-Gerke told the House of Commons health committee Monday the airline had revoked its request for exemption from Canada Labour Code provisions that require 16 weeks’ notice ahead of a mass layoff, which refers to... Read More

Most actively traded companies on the TSX

Editor
Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (15,564.75, up 47.85 points.) Hexo Corp. (TSX:HEXO). Health care. Up seven cents, or 7.07 per cent, to $1.06 on 9.3 million shares. Manulife Financial Corp. (TSX:MFC). Financials. Up 18 cents, or 0.97 per cent, to $18.72 on 8.5 million shares. Baytex Energy Corp.... Read More