Business News Toronto

  • San Francisco Bay Area by sunset

    New York City has been overtaken as the world's best city for female founders, according to Dell's 2019 Women Entrepreneur Cities Index.

  • *Spot gold looks neutral in $1,404- $1,421 range- technicals. Spot gold fell about 0.5% to $1,409.09 per ounce as of 10:50 a.m. EDT. "The equity market is looking at the data positively and there is some risk appetite here," said Bart Melek, head of commodity strategies at TD Securities in Toronto.

  • KIEV, July 12- A comedian and entrepreneur, 29- year-old Roman Hryshchuk had only been in politics for a few weeks when he found himself in front of a semicircle of voters in a park in western Kiev, fielding questions from a testy audience. Another voter heckled that Ukraine's president didn't appear to know what the capital of Canada was, after his team mistakenly...

  • July 11- American Eagle Outfitters Inc will start selling cannabidiol- infused personal care products in the United States later this year, entering a market that has seen booming demand among the apparel retailer's core younger customers. "American Eagle's image is about positive messaging and wellness, so it's not shocking that they would have CBD-infused...

  • July 11- American Eagle Outfitters Inc will start selling cannabidiol- infused personal care products in the United States later this year, entering a fast-growing market for daily consumer goods made with cannabis derivatives. The apparel retailer will sell CBD-infused lotions, muscle balms and aromatherapy products developed and supplied by Green...

  • *Aim to raise awareness across border of Hong Kong' revolution'. So activists, angry and frustrated over a now-suspended extradition bill that would allow criminal suspects to be sent to China for trial, want to take their fight to areas of Hong Kong popular with mainland Chinese. "If they watch what Hong Kong people are doing, they make copies and bring back to China,"...

  • TOKYO, July 9- Oil fell on Tuesday amid worries over the outlook for demand after the latest signs that international trade disputes have been dragging on the global economy, although tensions in the Middle East offered some support to prices. Brent crude futures were down 21 cents, or 0.3%, at $63.90 a barrel by 0022 GMT. West Texas Intermediate crude futures were...

  • July 8- CannTrust Holdings Inc's shares plunged about 23% to a more than one-and-half-year low on Monday, after Health Canada found the weed producer grew cannabis in unlicensed rooms, and then restricted the company from clearing its inventory. Health Canada found the company was growing cannabis in five unlicensed rooms between October 2018 and March 2019...

  • *China raises gold reserves for seventh straight month in June. Spot gold fell 0.2% to $1,396.15 per ounce at 11:01 a.m. EDT. "On Friday, we had a bit of a jump in yields after the jobs data came out and that provided a bit of a boost to dollar," said Bart Melek, head of commodity strategies at TD Securities in Toronto.

  • NEW YORK, July 5- The U.S. dollar gained against a basket of currencies to its highest levels in 2-1/ 2 weeks on Friday after data showed that U.S. job growth rebounded strongly in June. "You look at the U.S. number for today and theres quite a bit of sticker shock with that," said Bipan Rai, North American head of fx strategy at CIBC Capital Markets in Toronto.

  • *Dollar index nudged off two-week highs. NEW YORK, July 3- The dollar slipped to a one-week low against the Japanese yen on Wednesday, weighed down China-U.S. trade deal, and the possibility of fresh tariff hostilities with Europe. Independence Day holiday on Thursday.

  • TORONTO, July 3- Ontario's government announced plans on Wednesday to issue 50 new cannabis retail licenses, which would more than triple the total number of privately owned brick-and-mortar cannabis stores in Canada's most populous province. The move comes as a result of "marginal improvements in the national supply" of cannabis, Ontario's Minister of...

  • TORONTO, July 3- Ontario's government announced plans on Wednesday to issue 50 new cannabis retail licenses, which would more than triple the total number of privately owned brick-and-mortar cannabis stores in Canada's most populous province. The move comes as a result of "marginal improvements in the national supply" of cannabis, Ontario's Minister of...

  • July 3- Canopy Growth Corp founder and co-Chief Executive Officer Bruce Linton said he was fired, a surprise move that comes just a week after its largest shareholder expressed disappointment over the company's loss-making streak. The world's largest weed producer announced earlier in the day that Linton was stepping down, leaving Mark Zekulin in charge of...

  • "I am confident that the Americans brought up the issue and President Trump brought up the issue of the detained Canadians in China," Trudeau said during a news conference in Toronto. Relations between Canada and China remain strained after police in Vancouver detained Meng, the chief financial officer of Huawei Technologies Co Ltd. on a U.S. arrest warrant in...

  • *Searchlight offered 3.85 euros per share. PARIS, July 1- French aeronautics company Latecoere said it would examine a 365 million euros takeover offer from investment firm Searchlight Capital. Searchlight, which already owns 26% of Latecoere's share capital, made an offer of 3.85 euros per share on June 28, marking a premium of 34% to Latecoere's closing price...

  • PARIS, July 1- French aeronautics company Latecoere said on Monday it would examine a takeover offer worth about 365 million euros by investment firm Searchlight Capital. Searchlight Capital, which already owns about 26% of Latecoere's share capital, made an offer of 3.85 euros per share on June 28, representing a premium of 34% to Latecoere's closing price on...

  • *Russia agrees to extend OPEC+ deal at same volumes. SINGAPORE, July 1- Oil prices rose more than $1 a barrel on Monday after Saudi Arabia, Russia, Iraq backed an extension of supply cuts for another six to nine months ahead of an OPEC meeting this week. OPEC, Russia and other producers, an alliance known as OPEC+, meet on July 1-2 to discuss supply cuts.

  • OTTAWA, June 26- The Canadian government does not know whether shipments of meat that sparked a temporary Chinese import ban actually come from Canada, Trade Minister Jim Carr said on Wednesday. China said on Tuesday it wanted Ottawa to stop allowing meat shipments after bogus export certificates were discovered. Relations between China and Canada nosedived...

  • June 25- Bombardier Inc said it will sell its money-losing regional jet business to Japan's Mitsubishi Heavy Industries Ltd for $550 million in cash, in a deal marking the Canadian plane and train maker's exit from commercial aviation. Montreal- based Bombardier has been selling off its weaker-performing commercial plane programs aimed at airlines to focus...