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  • 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 11

    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

  • Saskatchewan's climate change strategy includes buying carbon offsets

    December 4, 2017 8:21 PM 8

    REGINA - The Saskatchewan government has introduced its climate-change strategy and it doesn't include a carbon tax. Environment Minister Dustin Duncan says the plan includes developing and implementing sector-specific, output-based performance standards on large-emitting facilities, such as those in the oil and gas, and mining sectors. These standards

  • Greater Vancouver home sales climbed in November compared with a year earlier

    December 4, 2017 8:14 PM 6

    VANCOUVER -- Residential home sales in Greater Vancouver jumped by about 26 per cent in November compared with the same month a year ago. The Real Estate Board of Greater Vancouver says the number of sales, which saw 2,795 homes sold, is 17 per cent above the 10-year average for the region in November. Sales dropped by 7.5 per cent in November compared

  • November pickup sales remain strong, but car sales drop 10% from 2016

    December 4, 2017 5:14 PM 10

    The number of new cars and light trucks sold in Canada last month dipped lower compared with a year ago, according to sales figures compiled by DesRosiers Automotive Consultants. Total light vehicle sales fell 1.2 per cent to 158,653 in November, compared with 160,573 in the same month of 2016. The move lower came as car sales fell 10 per cent to 44,061 for the month

  • Husky Energy plans for higher 2018 capital budget compared with this year

    December 4, 2017 3:44 PM 8

    CALGARY -- Husky Energy Inc. (TSX:HSE) is planning to increase its capital spending in 2018 to between $2.9 billion and $3.1 billion. That includes up to $1.1 billion on growth projects and up to $2 billion on sustaining and corporate spending. The 2018 capital budget is below the annual average of $3.3 billion a year anticipated in the company's five-year

  • Bombardier to supply Airbus for new engine nacelle program

    December 4, 2017 1:43 PM 11

    MONTREAL -- Bombardier Aerostructures and Engineering Services says it has been chosen by Airbus as a supplier on a new engine nacelle program. The company's operations in Northern Ireland will develop and manufacture a new thrust reverser for the Pratt & Whitney powered A320neo family of aircraft. Bombardier (TSX:BBD.B) is already a supplier to Airbus

  • U.S. stocks mixed following tax bill passage, Toronto market down

    December 4, 2017 6:12 AM 9

    TORONTO -- A sharp drop in the price of oil weighed on Canada's main stock index as U.S. markets were mixed following the U.S. Senate's passage of a tax bill. The S&P/TSX composite index fell 69.94 points to 15,969.03, with the energy sector leading decliners. In New York, the Dow Jones industrial average was up 58.46 points to 24,290.05. The S&P 500 index

  • Pharma giant CVS makes $69B bid for Aetna insurance firm

    December 3, 2017 7:52 PM 10

    DALLAS -- CVS will buy insurance giant Aetna in a roughly $69 billion deal that will help the drugstore chain provide more health care and keep a key client, according to a person with knowledge of the matter. The person said Sunday that CVS Health Corp. will pay about $207 in cash and stock for each share of Aetna Inc. The person spoke on condition