Jesse the Body selling edibles

MINNEAPOLIS — Former Minnesota Gov. Jesse Ventura has announced he is entering the cannabis market as a seller, as the state still figures out retail sales of the drug on the heels of legalizing marijuana for adults last year. Ventura is launching his own brand of cannabis edibles in partnership with Retro Bakery, which is […]

Big day for continental markets

TORONTO — Canada’s main stock index gained almost 200 points Wednesday on broad-based strength led by base metals and industrials, while U.S. markets also rose, led by a 1.2% gain on the Dow. The S&P/TSX composite index closed up 194.56 points at a record high close of 22,107.08. In the middle of a quiet week […]

Chamber warns about pipeline

CALGARY — Calgary Chamber of Commerce is warning Ottawa that its proposed cap on emissions from the oil and gas sector could compromise the valuation and sale of the Trans Mountain pipeline. The business group made the argument Wednesday in an open letter urging the federal government to reconsider proceeding with the promised cap, which […]

Businesses take on new debt

TORONTO — Roughly 200,000 small businesses took on new debt to access the forgivable portion of their pandemic relief loans from the federal government, the Canadian Federation of Independent Business said Tuesday. Many businesses took private bank loans with high interest rates to pay back enough of their Canada Emergency Business Account loans to qualify […]

Boeing boss to step down

A leadership shakeup at Boeing, including news Monday that its top executive plans to step down, highlights the difficult path facing the iconic aircraft manufacturer as it tries to navigate through yet another safety crisis. CEO David Calhoun, who has been under unrelenting pressure since a panel blew off a Boeing 737 Max jetliner during […]

Trump Media ready to trade

Trump Media & Technology Group, whose flagship product is social networking site Truth Social, will begin trading on the Nasdaq stock market on Tuesday. Shareholders of Digital World Acquisition Corp., a publicly traded shell company, approved a deal to merge with the Trump’s media business in a Friday vote. Shares of Digital World have been […]

Truth Social going public

NEW YORK — Donald Trump is returning to the stock market, and the former president stands to reap a sizeable payout in the process. Shareholders of Digital World Acquisition Corp., a publicly traded shell company, approved a deal to merge with the Trump’s media business in a Friday vote. That means Trump Media & Technology […]

Cannabis tax changes ahead?

OTTAWA — A group convened by the federal government to study the act that legalized cannabis is recommending the country review the excise taxes it charges pot companies. A report released by the five-person expert panel labelled the excise tax a “substantial burden,” noting it was originally designed when the average price of dried cannabis […]

Reddit storms out of gate

NEW YORK — Reddit soared in its Wall Street debut as investors pushed the value of the company close to $9 billion seconds after it began trading on the New York Stock Exchange. Reddit, which priced its IPO at $34 a share, debuted Thursday at $47 a share. The going price soon climbed even higher, […]

Rate cut talk boosts markets

TORONTO — U.S. markets got a boost from the Federal Reserve’s latest interest rate announcement, moving higher in the afternoon, and Canadian markets followed suit. The U.S. Federal Reserve held its key rate steady for the fifth consecutive meeting on Wednesday, a widely expected move. It also signalled that it still expects to cut three […]