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January 15, 2019 11:00 AM Tilray, U.S. brand group partner on cannabis-infused retail products

Tilray says it will receive up to 49 per cent of the net revenue from these products bearing names from ABG’s portfolio of more than 50 brands, with a guaranteed minimum payment of up to US$10 million annually for 10 years. Under the deal, Tilray would be the preferred supplier of active cannabinoid ingredients, such as CBD and THC, for ABG’s cannabis 4

January 10, 2019 8:29 PM The Latest: Lawmakers react to new governor’s first budget

Newsom will work with the Legislature over the next six months to finalize the budget. Surpluses often change between the governor’s January budget presentation and the final budget due in June. Gov. Gavin Newsom says California is “not playing small ball” as he seeks more than $1 billion to combat the most populous state’s homeless problem by encouraging 5

December 19, 2018 5:55 PM Royal Bank of Canada denies report it had access to users’ Facebook messages

The bank says it needed to be able to send the messages to confirm the identity of the Facebook user receiving the money and to send them a receipt of the transaction. The bank denied having access to private messages, or needing access to these messages. The service, which used the bank’s mobile app, was decommissioned in 2015 due to low usage 22

December 17, 2018 11:54 AM Germany to compensate hundreds who fled Nazis as children

BERLIN—Germany has agreed to one-time payments for survivors, primarily Jews, who were evacuated from Nazi Germany as children, many of whom never saw their parents again, the organization that negotiates compensation with the German government said Monday. The New York-based Conference on Jewish Material Claims Against Germany said the government had agreed 17

December 4, 2018 11:36 AM Bank of Montreal hikes dividend as it reports Q4 net income surge

Bank of Montreal hiked its dividend as it reported a fourth-quarter profit that jumped 38 per cent compared with a year ago and beat analyst estimates. Canada’s fourth-largest bank said Tuesday it will now pay a quarterly dividend of $1 per share, up four cents from its previous payment. The increase in payment to shareholders came as BMO reported its net income 25

November 29, 2018 4:09 PM CMHC earned $387M profit in Q3 amid cooling conditions in housing market

It noted that sales activity has also declined during the same period, falling 11.7 per cent to 327,206 units, and national housing starts remain flat, coming in at 144,644 units. The agency says for the first three quarters of 2018, the average CMHC-insured homebuyer bought a home for nearly $276,000 with a down payment of 7.7 per cent. Those from British 21

November 12, 2018 3:49 PM NHL, retired players reach tentative settlement in concussion lawsuit

Attorneys for the retired players say the settlement would include a cash payment for players who choose to participate; neurological testing and assessment for players paid for by the league; an administrative fund to pay for the costs and up to $75,000 in medical treatment for players who test positive on two or more tests. The settlement would also set up a “Common 27

November 7, 2018 5:35 PM Canadians tuning out real Canada Revenue Agency agents because of phone scammers

With help from police in India, the Mounties say they have dismantled three major operations there and arrested a dozen people here in Canada who are involved in the scheme. The RCMP has counted 4,000 victims who have lost $15 million. Virtually none of the money has been recovered. Tammy Branch, a director-general at the tax agency, says the CRA will never 26

November 1, 2018 4:52 PM Resolute Forest Products third-quarter profit up, paying special dividend

MONTREAL—Resolute Forest Products Inc. announced it would pay a special dividend as it reported a third-quarter profit of $117 million (U.S.), up from $24 million a year ago. The company, which keeps its books in U.S. dollars, says it will make a special payment of $1.50 per share to shareholders of record on Dec. 6. Resolute’s third-quarter profit amounted 34

October 27, 2018 8:55 PM Bazley’s New Balance deal could be tipping point in pay fight

Jurors in a Manhattan courtroom returned guilty verdicts on Wednesday afternoon against two former Adidas employees and an aspiring agent who funneled money to college basketball recruits, then steered them to Adidas-sponsored NCAA programs. Two days earlier, Boston-based apparel maker New Balance went public about its million-dollar deal with teenage 40