© Reuters. By Bharath ManjeshR and Fergal Smith BENGALURU/TORONTO (Reuters) – Canadian companies went on a debt binge as the COVID-19 crisis slammed the economy, with Canada Inc rushing to the bond market at the heaviest pace in at least a decade. Corporate bond issuance in Canada between January andRead More →
By Steve Scherer OTTAWA (Reuters) – Canadian authorities on Sunday reached a tentative deal with an indigenous group in the Pacific province of British Columbia that could end solidarity protests across Canada that have been blocking rail lines and roads for weeks. Activists have disrupted passenger and freight traffic toRead More →
Canopy Growth Corp. reported earnings early Friday that gave investors a few reasons to cheer: In short, it wasn’t a total disaster. Canopy CGC, +13.37% WEED, +15.84% logged fiscal third-quarter net revenue of C$123.8 million ($93.5 million), well higher than the FactSet consensus of C$105 million reflecting strong year-over-year andRead More →
When Aurora Cannabis Inc. announced last week that co-founder and Chief Executive Terry Booth would retire, it also revealed another loss to come: A quarterly deficit of roughly a billion dollars. Aurora ACB, -1.28% ACB, -1.44% is scheduled to report fiscal second-quarter results Thursday morning, and it is expected toRead More →
By Tessa Vikander and Moira Warburton VANCOUVER/TORONTO (Reuters) – Extraditing Huawei Chief Financial Officer Meng Wanzhou to the United States based on American sanctions against Iran would set a dangerous precedent and could even undermine Canada’s policy towards Iran, Meng’s lawyers argued in court documents released on Friday. Meng, 47,Read More →
The Sussexes have the all-clear to move to North America — and experts say they’re wise to choose Canada over the U.S. Prince Harry’s grandmother Queen Elizabeth II, the head of state of the Commonwealth and effectively CEO of the family business, gave him and his wife, Meghan Markle, herRead More →
Britain’s Queen Elizabeth issued an unprecedented statement on the future of Prince Harry and Meghan Markle. “Today my family had very constructive discussions on the future of my grandson and his family,” the queen wrote in a statement. “My family and I are entirely supportive of Harry and Meghan’s desireRead More →
It’s been said that behind every great man is a great woman. In Prince Harry’s case, it’s three wealthy and media-savvy women. Prince Harry receives income from Prince Charles, but they have vowed to become “financially independent.” Prince Harry owes his fortune to three famous women: his mother, the lateRead More →
After a brutal year for cannabis investors, weed stocks on Tuesday rebounded in the final trading session of 2019. Exchange-traded funds that track cannabis companies jumped more than 5% in Tuesday trading. The Horizons Marjiuana Life Sciences Index ETF HMMJ, +7.10% gained 7.1%, the ETFMG Alternative Harvest ETF MJ, +5.61%Read More →
Associated Press House Speaker Nancy Pelosi said Monday night that great progress has been made on a new North American trade pact. House Speaker Nancy Pelosi said great progress has been made on reaching a deal over the U.S.-Mexico-Canada Agreement, but final details for the trade pact were still beingRead More →
Marlene “Mar” Houghton never wanted a conventional life. “Adventure — that’s what makes my heart sing,” the now-63-year-old, former British Columbia resident tells MarketWatch. So when she happened across a story online about Belize being the next hot retirement destination about seven years ago, she almost immediately booked a flight.Read More →
Cannabis stocks fell for a third straight day Monday, weighed down by the industry’s continued weak fundamentals with companies still posting losses as they struggle to generate revenue. The market is digesting the final third-quarter numbers from Canadian and U.S. players and sentiment is being hurt by weaker-than-expected results, accordingRead More →
Cannabis stocks were mostly lower Monday, with Aurora Cannabis slumping after the company carried out a convertible debt swap that is highly dilutive for its shareholders. Aurora stock ACB, -5.93% ACB, -4.89% fell 3.7% after it set the early conversion price for C$230 million ($173 million) of 5% convertible bondsRead More →
Cannabis stocks ended their three-day winning streak on Friday, as the euphoria sparked by a House vote in favor of a bill that would lift the U.S. federal ban eased and investors refocused on the sector’s weak fundamentals. The bill, introduced by House Judiciary Committee Chairman Jerrold Nadler, a NewRead More →
Cannabis stocks rallied across the board Thursday, as investors returned to the beaten-down-sector with a fresh enthusiasm, following a historic House vote in favor of a bill that would lift the federal ban on weed. The three biggest Canadian licensed producers – Canopy Growth, Cronos Group and Aurora Cannabis –Read More →
Amid the vast ocean of red ink that marijuana stocks have fallen into, Mitch Baruchowitz and Peter Lee see an even more vast opportunity to make money. Baruchowitz and Lee run the blank-check company Merida Merger Corp. MCMJU, -0.10% , which raised $120 million earlier this month, via a dualRead More →
Cannabis stocks were a sea of red again on Monday, with Aurora Cannabis tumbling another 9% following disappointing earnings and MedMen down 17% on news of job cuts and asset sales. The ETFMG Alternative Harvest ETF MJ, -3.48% was last down 2.3% with 23 of its 36 member stocks tradingRead More →
Tilray Inc. sold nearly five times more pot than last year to beat Wall Street expectations in a Thursday quarterly earnings report, but losses widened. Tilray TLRY, -1.60% reported a third-quarter net loss of $35.7 million, or 36 cents a share, versus $18.7 million, or 20 cents a share, inRead More →
Drake wants to trademark the Canadian warning label for weed in the U.S., but he may be in for a fight with his native country. Through his Dream Crew company, Drake is seeking a trademark application for a red “stop sign” displaying a cannabis leaf and the letters THC, accordingRead More →
© Reuters. FILE PHOTO: Huawei Technologies Chief Financial Officer Meng Wanzhou leaves her home to appear in British Columbia supreme court in Vancouver By Moira Warburton (Reuters) – The Canadian attorney general has filed affidavits asserting that information identifying Huawei Chief Financial Officer Meng Wanzhou’s electronic devices was not sharedRead More →
Cannabis producer Hexo Corp. will shut down several facilities it operates near Niagara Falls, Ontario, as a result of 200 layoffs it announced Thursday, according to people familiar with the matter. Hexo HEXO, -6.32% HEXO, -5.70% did not respond to phone and email requests for comment. It was not immediatelyRead More →
© Reuters. Relief Seen for Natural Gas Bottlenecks: Canada Bond Update (Bloomberg) — Canada’s battered market could be looking at some relief as TC Energy Corp. expands pipeline capacity and stockpiles remain low in Alberta at the start of heating season, according to Craig Nieboer, chief financial officer of producerRead More →
A revenue warning from Hexo Corp. battered the broader cannabis sector on Thursday, sending the stock down 24% and putting it on track for its worst-ever, one-day percentage loss. Hexo HEXO, -23.59% surprised the market when it warned of a fiscal fourth-quarter revenue shortfall, citing “lower than expected product sellRead More →
Cannabis stocks rose for a third straight day Friday, buoyed by reports that vape sales are rebounding after being hit by the outbreak of a serious lung disease that experts say is directly tied to vaping. California, the nation’s biggest cannabis market, showed vape sales climbing by almost a percentageRead More →
Rio Tinto PLC has scrubbed plans for a sale or initial public offering of its Canadian iron-ore unit, following a yearslong effort to unload the business, according to a person familiar with the matter. Rio Tinto RIO, +1.09% RIO, +2.02% RIO, +1.53% has been shopping around its 59% stake inRead More →
