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  • Canopy applies to become first pot producer listed on NYSE

    May 14, 2018 6:28 PM 9

    Canopy Growth Corp., which already trades on the Toronto Stock Exchange under the ticker symbol WEED, said Monday it expects its shares to begin trading in New York under the symbol CGC before the end of May. Marijuana is still illegal at the federal level in the U.S., though Canopy doesn’t have any operations south of the border and is fully compliant

  • DHX Media to cut debt load with money from Sony-Peanuts deal says CEO

    May 14, 2018 4:33 PM 8

    HALIFAX—DHX Media Ltd. says the sale of nearly half of its stake in the Peanuts entertainment business to a Sony Corp. division for $237 million cash will help reduce the Canadian animation company’s debt load and improve its operating results. The Halifax-based company will retain 41 per cent of the Peanuts business based on characters such as Snoopy

  • Canadian Pacific Railway raising quarterly dividend by 15.5%

    May 10, 2018 4:53 PM 10

    CALGARY — Canadian Pacific Railway Ltd. is raising its quarterly dividend by 15.5 per cent. The railway says it will now make a regular payment to shareholders of 65 cents per share, up from 56.25 cents per share. Based on the company’s closing share price of $238.76 on Wednesday it will have an annual yield of about 1.09 per cent. Canadian Pacific also said that it bought

  • Telus raises dividend despite slip in first-quarter profit

    May 10, 2018 4:48 PM 9

    The company says it will make a quarterly payment to shareholders of 52.5 cents per share, up from 49.25 cents per share. Its postpaid wireless subscriber base increased by 48,000 in the quarter, a 5.7 per cent larger increase than a year earlier, partly offset by a decline in prepaid subscribers, who account for about one-tenth of the total. The company

  • Materials sector helps lift TSX in late-morning trading

    May 10, 2018 3:38 PM 10

    The materials sector helped lift Canada's main stock index in late-morning trading, while the Canadian dollar climbed above 78 cents US. The S&P/TSX composite index was up 40.48 points to 15,951.29, after 90 minutes of trading. In New York, the Dow Jones industrial average was up 149.51 points to 24,692.06. The S&P 500 index was up 14.62 points to 2,712.41 and the Nasdaq

  • Telus profit slips due to higher financing costs, taxes

    May 10, 2018 3:24 PM 20

    Company boosting quarterly dividend for second time in a year A slight decline in Telus Corp.'s first quarter net profit compared with last year was due largely to higher financing costs and higher income taxes, the Vancouver-based telecommunications company said Thursday. Its profit attributable to shareholders was $410 million or 69 cents per share

  • Toyota reports improved quarterly profit

    May 9, 2018 5:18 PM 8

    In a surprise move, the carmaker released results before the Tokyo markets closed Toyota will pursue growth with a strategy of seeing itself as a “mobility company,” not just an automaker, spending aggressively on research, according to the company. It is banking on artificial intelligence and networking technology, as in connected and self-driving vehicles

  • TSX edges lower despite strength in the energy sector led by oil

    May 9, 2018 3:36 PM 8

    Canada’s main stock index edged lower in late-morning as strength in the energy sector boosted by a higher price for oil was offset by weakness in the financial sector. The S&P/TSX composite index was down 3.95 points to 15,838.76, after 90 minutes of trading. In New York, the Dow Jones industrial average was down 17.73 points to 24,342.48. The S&P 500 index

  • Canada's appetite for legal cannabis could be almost as big as it is for wine, CIBC says

    May 9, 2018 8:00 AM 19

    Bank pegs value of recreational market at $6.5B in Canada Canadians could soon be spending more on recreational cannabis than they do on liquor, if a report from a major bank is to be believed. Canadian Imperial Bank of Commerce calculated in a report this week that in the next two years, Canadians will consume 800,000 kilograms of cannabis, the vast majority

  • Boeing to consult with U.S. on 'next steps' after Trump's Iran move

    May 8, 2018 7:36 PM 23

    Boeing Co. said on Tuesday it will consult with the U.S. government on "next steps" following President Donald Trump's decision to withdraw from a 2015 international agreement designed to deny Iran the ability to build nuclear weapons. IranAir has ordered 200 passenger aircraft worth $38.3 billion US at list prices, including 100 from Airbus, 80 from Boeing