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  • Cannabis company Aphria expands to South America, Jamaica with acquisition

    July 17, 2018 6:41 PM 7

    Aphria’s Colombian operation will be anchored by Colcanna SAS, which has licences to cultivate and manufacture medicinal extracts from cannabis, including oil, for domestic use and export. Aphria is also acquiring ABP S.A., which distributes to an extensive network of pharmacies, distributors, government clinics and hospitals throughout Argentina. It also has a licence

  • An aisle-by-aisle look at how to buy Canadian at the grocery store

    July 16, 2018 12:29 PM 11

    TORONTO—Some consumers have vowed to take their patriotism to the supermarket and buy only made-in-Canada products after the federal government slapped retaliatory tariffs on dozens of U.S. goods as part of an escalating trade war with the country’s biggest trading partner. However, avoiding products from south of the border that are on the tariff list is easier

  • Netflix subscriber growth faces new test after $46-billion rally

    July 13, 2018 10:29 PM 11

    Netflix Inc. will get a chance Monday to validate the more than US$40 billion added to its market value since the company’s blowout earnings report in April. The main question hanging over Netflix’s second-quarter results — much like the first — is whether the company can add enough streaming subscribers to satisfy investors, whose bullish bets have made the stock

  • Survey says NAFTA talks hurt Canadian exporters even before trade dispute

    July 13, 2018 1:42 PM 9

    OTTAWA—A growing number of Canadian exporters were saying the NAFTA talks were having a negative impact on their operations even before the trade dispute with the United States escalated in recent weeks. A survey done for Export Development Canada found 28 per cent of the 1,000 exporters asked said the NAFTA talks had a negative impact on their Canadian

  • Comcast boosts Sky bid to $34 billion, topping Murdoch’s offer

    July 12, 2018 6:03 PM 10

    Comcast Corp. increased its takeover bid for Sky Plc to $34 billion US, topping an offer from Rupert Murdoch’s 21st Century Fox Inc. and escalating a global standoff between the media giants. Comcast, the largest U.S. cable company, is now offering 14.75 pounds a share for Sky, valuing Britain’s top pay-TV provider at 26 billion pounds, according to a statement

  • Fiat workers call for strike after owner buys Cristiano Ronaldo

    July 12, 2018 5:46 PM 10

    Spanish soccer giant Real Madrid Football Club agreed on July 10 to transfer five-time Ballon d’Or winner Ronaldo to Juventus after he asked to leave. Juventus will pay 100 million euros ($117 million) for the move and another 12 million euros in additional fees to sign the player to a four-year contract, the club said in a statement. The Agnelli family

  • Michelin to acquire farm-tire maker Camso for $1.45 billion

    July 12, 2018 5:41 PM 11

    Michelin agreed to buy Camso, a Canadian producer of rubber tracks for farm equipment and snowmobiles, for $1.45 billion (all figures US) as the French tiremaker bolsters its specialty-equipment business. The two companies’ off-road operations will be combined and run from Camso’s headquarters in Magog, Que., Michelin said in a statement Thursday. Closely

  • Postmedia reports $15.5 million loss as quarterly revenue slips

    July 11, 2018 6:42 PM 10

    Most recently, the company announced it would stop printing daily newspapers in Portage La Prairie, Man., Kirkland Lake, Ont., and Pembroke, Ont., but will have a digital presence in the three communities. It also announced the closures of two community newspapers in Alberta and four community newspapers in Ontario. An earlier deal last November, in which

  • Why you can’t buy that Harry Kane World Cup jersey

    July 11, 2018 6:03 PM 10

    The advance of three unfancied teams (Croatia, Belgium and England) to the World Cup semifinals has offered up its own test to the sportswear giants Nike Inc. and Adidas AG: How they’re coping with the shift to fast fashion. Both companies face increasing competition from upstarts who aim to cut the time it takes to conceive, design and manufacture sportswear

  • Tim Hortons signs franchise agreement to open more than 1,500 stores in China

    July 11, 2018 5:25 PM 10

    Starbucks had 3,300 stores in 141 cities in China as of May and plans to total 5,000 by 2021. China is its fastest growing market and it opens a new store in the country every 15 hours. Whitbread, which operates Costa Coffee, has 449 of the coffee chain’s shops in China and plans to have 1,200 by 2022, according to its most recent annual report