TORONTO — Volatile share prices of Canada’s publicly traded marijuana companies triggered numerous circuit-breaking halts in trading Wednesday as buzz surrounding the nascent sector pushed valuations to record intraday highs. Aphria Inc., Mettrum Health Corp., Organigram Holdings Inc., Supreme Pharmaceuticals Inc., Aurora Cannabis Inc. and Canopy Growth Corp. were all halted for five-minute intervals Wednesday—some of them multiple times. The ...
Read More »business
New Balance Clarifies Comments Supporting Trump
Before this month, New Balance was lucky if it generated a few hundred reactions to posts on its Facebook page. Now, the sneaker company’s page is flooded with impassioned commentary, and it has found itself compelled to make a statement distancing itself from white supremacists. It started when Matt LeBretton, the company’s vice-president for communications, told The Wall Street Journal ...
Read More »Lowe’s Profit Suffers From Hefty Charges and Meagre Traffic
MOORESVILLE, N.C.—Lowe’s was beset by hefty charges and meagre traffic in its stores for most of the third quarter, and its profit suffered for it. A day after rival Home Depot posted banner results and boosted its outlook for the year, Lowe’s fell drastically short of Wall Street expectations and cut its annual outlook, again. Its shares fell 3.6 per ...
Read More »Canadian Tech IPOs Poised for Liftoff After False Starts
Canada is set for a parade of initial public offerings by technology firms next year — this time for real. Real-estate data company Real Matters Inc. and marketing-software firm Vision Critical Communications Inc. are likely to lead the advance in the first half of 2017, according to people familiar with the matter. Hootsuite Media Inc. and D2L Inc. are also ...
Read More »Grocery Chains Post Higher Profits on Falling Food Prices
Food prices, especially those for meat, continue to fall from recent highs, Metro and Loblaw said Wednesday as both grocery chains reported strong quarterly results. “During the quarter, we saw the grocery market shift from an inflationary environment to a deflationary one,” said Galen G. Weston, executive chairman and president of Loblaw Companies Ltd., in a conference call with analysts. ...
Read More »Sex Trafficking Case Turns on Whether Websites Can be Leld Liable for Content Created by Users
In 2010, the seedy business of online prostitution lost a major platform when Craigslist, the eponymous web bazaar for everything from jobs to apartments, bowed to criticism for facilitating sex trafficking and shuttered the adult categories on its site. Government officials, including Kamala Harris, then the district attorney for San Francisco, had been pressuring the company to get rid of ...
Read More »Shomi Shutdown Under Fire by CRTC Chief
OTTAWA—The head of Canada’s broadcast regulator blasted Rogers and Shaw for shutting down its video streaming service, Shomi — a platform he sees as the future of content. It was a “shock” to hear the companies were throwing in the towel on the platform so soon after it launched, said CRTC chairman Jean-Pierre Blais in prepared remarks for a speech ...
Read More »SoulCycle Coming to Canada with P{lanned Toronto Studio in 2017
SoulCycle, the pricey American exercise chain with a cult-like following, will open its first international location in Toronto this March — with plans to expand to multiple locations in the city and across Canada. But industry insiders say it may face a more challenging ride north of the border, where some boutique spin studios operate at about half the cost ...
Read More »Senate Republican Leader Urges Trump to Back Keystone XL Pipeline
LOUISVILLE, KY. — The top Republican in the U.S. Senate says he asked president-elect Donald Trump to move swiftly in approving construction of the controversial Keystone XL pipeline that would allow Calgary-based TransCanada Corp. to ship bitumen from Alberta’s oilsands to U.S. Gulf Coast refineries. Senate Majority Leader Mitch McConnell of Kentucky told reporters on Friday that he made the ...
Read More »Kirkland Lake Gold Identifies Rejected Rival Bidders to Newmarket Merger Deal
Kirkland Lake Gold Inc. has identified the unsolicited alternative joint bids valued at $1.44 billion it rejected from two miners it deemed inferior to a deal it previously accepted with Newmarket Gold Inc. Responding to market rumours after its shares were halted Friday on the Toronto Stock Exchange, Kirkland Lake confirmed that Gold Fields Netherlands Services B.V. and Silver Standard ...
Read More »
lecanadian Canada's socially conscious lifestyle magazine


