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  • N.S. sets legal age for marijuana use at 19, names liquor agency as retailer

    December 7, 2017 1:44 PM 9

    HALIFAX -- Nova Scotia will set a legal age of 19 for marijuana use, and will distribute weed through its liquor corporation and through online sales. Justice Minister Mark Furey says the province also accepts federal rules setting a personal possession limit of up to 30 grams, a personal cultivation limit of up to four plants per household and will establish

  • Lego wins first China copyright case against imitators

    December 7, 2017 12:14 PM 9

    HONG KONG -- Danish toy maker Lego says it has won a major legal victory in China, where a court ruled in its favour in a copyright case against companies making knockoffs of its famous colored bricks. The company said Thursday that it was the first time it has won an unfair competition case against imitators in China. It said the Shantou Intermediate

  • Alberta government lays out new rules for large greenhouse gas emitters

    December 6, 2017 5:10 PM 9

    Alberta Environment says new framework will help attract investment, create jobs Alberta Environment Minister Shannon Phillips is announcing new rules for large industrial greenhouse gas emitters in Calgary on Wednesday. ​Details of the new rules come one day after a pledge by the Alberta government to invest $1.4 billion to drive innovation, boost the energy

  • Higher sales lift Dollarama profits

    December 6, 2017 1:59 PM 11

    MONTREAL—Dollarama Inc. says it earned $130.1 million in its third quarter, up from $110.1 million in the same quarter last year, boosted by higher sales. The company says the profit amounted to $1.15 per diluted share, up from 92 cents per diluted share a year ago when the company had more shares outstanding. Analysts on average had expected a profit

  • Ireland to collect up to $15 billion in back taxes from Apple

    December 5, 2017 9:31 PM 9

    The European Commission had ordered Ireland to collect the money after concluding that two Irish tax rulings allowed Apple to pay less tax than other businesses, giving them an unfair advantage. LONDON—Ireland has struck a deal with Apple to collect up to $15 billion in back taxes and hold it in an escrow account pending an appeal before the European

  • Retailer Roots sales up, profits down in third quarter compared to year ago

    December 5, 2017 6:43 PM 7

    Retailer Roots Corp. says sales were up 13 per cent in its latest quarter compared with a year ago as it released its first quarterly report since completing its initial public offering. Sales totalled $89.7 million for what was the company’s third quarter, up from $79.4 million in the same quarter last year. The increase was driven by comparable sales

  • TSX lower as financial, materials sectors lose ground

    December 5, 2017 6:14 PM 10

    Canada’s main stock index fell in late-morning trading as the influential financial and materials sectors lost ground. The S&P/TSX composite index was down 12.12 points to 15,956.91, after 90 minutes of trading. In New York, the Dow Jones industrial average was up 31.43 points to 24,321.48. The S&P 500 index was up 7.65 points to 2,647.09 and the Nasdaq

  • Canadian pot producer plans production facility in Denmark

    December 5, 2017 4:17 PM 8

    ODENSE, Denmark -- Canopy Growth Corp. (TSX:WEED) plans to establish a 40,000-square-metre cannabis production facility in Odense, Denmark to cater to the Scandinavian country's medical marijuana patients. The new facility comes under a joint venture announced in September between Canada's largest licensed marijuana producer and European hemp producer

  • Scotiabank offer to buy share of Chilean bank gets green light

    December 5, 2017 12:59 PM 9

    TORONTO -- Scotiabank says its offer to buy a sizeable stake in a Chilean bank for $2.9 billion has been accepted. The Canadian bank says Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) agreed Tuesday to sell its 69.19 per cent stake in BBVA Chile and its interests in certain subsidiaries. Scotiabank (TSX:BNS) says it intends to merge BBVA Chile with its existing

  • Ireland to start collecting US$15B in tax from Apple

    December 5, 2017 12:11 PM 9

    LONDON -- Ireland has struck a deal with Apple to collect up to 13 billion euros (US$15 billion) in back taxes and hold it in an escrow account pending an appeal before the European Court of Justice. The government said in a statement Monday that an agreement had been reached "in relation to the framework of the principles that will govern the escrow