Canopy Growth doubles profit
Marijuana company Canopy Growth Corp. more than doubled its third-quarter revenue compared with a year ago. The company says revenue totalled $21.7 million for the quarter ended Dec. 31, up from $9.8 million in the last three months of 2016. Canopy says it sold 2,330 kilograms and kilogram equivalents of marijuana in the quarter at […]
New U.S. trade shot
It’s the latest incoming trade salvo from the United States: the U.S. is considering punitive duties on pipeline material from a half-dozen countries including Canada. The duties being sought for large-diameter welded pipe from Canada are more than 50 per cent. Canada supplies about US$66 million of pipe annually to the U.S. for use in […]
Loonie’s fortune changing?
The plunge in global stock markets over the past week has dragged down the Canadian dollar and oil prices, but some market observers see signs the loonie’s fortunes will change this year even as the Canadian dollar continued its slide Monday. The loonie is down slightly in the opening months of the year as the […]
Slow sales at Tim Hortons
Tim Hortons restaurants recorded a fifth consecutive quarter of sluggish sales, while its parent company Restaurant Brands International Inc. outperformed analyst expectations on profit for its fourth quarter. The sales slowdown comes as about half of the company’s Canadian Tim Hortons franchisees joined an unsanctioned organization to fight against what they say is their corporate […]
Union complaint at WestJet
The union that represents WestJet and WestJet Encore pilots says it has filed an unfair labour practice complaint over the airline’s recruitment of pilots for Swoop, its new ultra-low-cost carrier slated to begin flying in June. The Air Line Pilots Association, International, says it has applied to the Canada Industrial Relations Board for a “cease […]
New health labels proposed
The federal government wants to make it easier for consumers to choose healthy foods with front-of-package warnings on items that contain high levels of sodium, sugar or saturated fat — ingredients linked to chronic health problems like obesity, heart disease, stroke and type 2 diabetes. Currently, consumers must check the nutrition facts table on the […]
U.S. tobacco buys Canadian
A U.S. tobacco leaf merchant has acquired majority stakes in a PEI licensed medical marijuana producer and a cannabis company that is developing indoor growing operations in Ontario. Alliance One International Inc., based in North Carolina, says its subsidiary Canadian Cultivated Products acquired a 75 per cent equity position in Charlottetown-based Canada’s Island Garden last […]
January job numbers drop
The number of jobs in Canada fell by 88,000 in January to give the labour market its steepest one-month drop in nine years, Statistics Canada said Friday. The overall number was dragged down by a loss of 137,000 part-time positions in what was easily the category’s largest one-month collapse since the agency started gathering the […]
2-year energy approvals
Major new energy projects will have to be assessed and either approved or denied within two years under a massive new national assessment bill being introduced in the House of Commons. Environment Minister Catherine McKenna, who tabled the 341-page Impact Assessment Act, says it will provide clarity and certainty about how the process works, what […]
41% of companies hacked
A new study suggests nearly 90 per cent of Canadian organizations suffered at least one security breach last year and sensitive data was exposed almost half of the time. The survey found that one in five breaches was classified as “high impact” because sensitive customer or employee information was exposed. The report was done by […]
