Skip to content

National Business

Canopy Growth to lay off 500, close two greenhouses and take $700-$800M writedown

Canopy Growth to lay off 500, close two greenhouses and take $700-$800M writedown

Canopy Growth Corp. is orchestrating a massive overhaul involving a layoff of 500 workers, a multimillion-dollar writedown, the closure of two greenhouses and the cancellation of plans to operate a third. The Smiths Falls, Ont.
Fisheries producers shifting gears to adjust to coronavirus impact on markets

Fisheries producers shifting gears to adjust to coronavirus impact on markets

HALIFAX — Atlantic Canadian fisheries entrepreneurs like Danny Dumaresque have to be nimble in their marketing efforts as the impact of the novel coronavirus hits their Asian customer base and delays key industry events.

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,779.53, up 355.91 points.) Manulife Financial Corp. (TSX:MFC). Financials. Up 33 cents, or 1.48 per cent, to $22.64 on 13.
Shopify cancels events at L.A. space for entrepreneurs amid coronavirus concerns

Shopify cancels events at L.A. space for entrepreneurs amid coronavirus concerns

TORONTO — Shopify Inc. says it is postponing all events, one-on-one appointments and workshops at its Los Angeles entrepreneurs' space.

Bank of Canada rate cut to mean cheaper borrowing and lower interest on savings

TORONTO — The Bank of Canada cut its key lending rate by half a percentage point on Wednesday over concerns of the novel coronavirus.
Bank of Canada cuts key rate to 1.25 per cent amid coronavirus concerns

Bank of Canada cuts key rate to 1.25 per cent amid coronavirus concerns

OTTAWA — The Bank of Canada slashed its key interest rate target by half a percentage point, dropping it to 1.25 per cent in what economists saw as a rapid response to the growing economic shock from the novel coronavirus outbreak.

Aecon paints a rosy picture of year ahead, despite fourth-quarter profit drop

Aecon Group Inc. is forecasting another year of income growth on the heels of record annual revenue, as the construction firm continues to shore up its backlog of infrastructure projects.
Scotiabank CEO Brian Porter sees pay for 2019 fall compared with 2018

Scotiabank CEO Brian Porter sees pay for 2019 fall compared with 2018

TORONTO — The chief executive of Scotiabank saw his total compensation for last year fall compared with 2018. In its management proxy circular, the bank says Brian Porter earned $12.6 million in total compensation last year, down from nearly $13.
Clashes erupt on Greece-Turkey border as migrants seek entry

Clashes erupt on Greece-Turkey border as migrants seek entry

KASTANIES, Greece — Greek authorities fired tear gas and stun grenades to drive away a crowd of people attempting to cross the border from Turkey, as pressure from illegal immigration built after Turkey declared its previously guarded gateways to Eur
US services companies grow in February

US services companies grow in February

WASHINGTON — Services companies grew at a faster pace in February than the previous month, an indication that the economy was still expanding immediately after the first cases of the coronavirus were reported in the U.S.
Rogers Media
230 The Boardwalk Kitchener, ON, N2N 0B1 © 2006-2021 Rogers Media. All rights reserved.