Canadian Markets
Latest news coverage of Canadian markets
BlackBerry to weigh separating some businesses in review; shares rally
Shares of BlackBerry Ltd. BB rallied after hours on Monday after the security software provider said its board would begin a review of the company’...
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GSK to acquire Canada’s Bellus Health for $14.75 per share
GSK said the deal will provide access to camlipixant, a treatment for refractory chronic cough currently in phase III development.
CBC ‘pausing’ Twitter use in dispute over ‘government-funded media’ label
The Canadian Broadcasting Corporation paused its use of Twitter on Monday after the social media platform owned by Elon Musk stamped CBC’s account with a label the public broadcaster says is intended to undermine its cred...
Ryan Reynolds buys stake in Canadian fintech Nuvei, stock up premarket
Actor and entrepreneur Ryan Reynolds said Monday he has invested in Canadian fintech Nuvei Corp. NVEICA:NVEI “I know about as much about fintech as I did about gin or mobile a few years ago,” Reynolds said in a statement. ...
Tilray plans to buy Hexo, in the latest consolidation in Canada’s struggling pot industry. Analysts ask ‘Why now?’
Canadian pot producer Tilray Brands Inc. plans to buy rival Hexo Corp. — a move that would bring yet another struggling cannabis brand under its umbrella.
Tilray, Hexo stocks fall sharply after M&A deal
Tilray Brands Inc. TLRYCA:TLRY stock is down 8% in premarket trades Tuesday after the cannabis company posted a wider-than-expected loss, missed its revenue estimate and said it would buy fellow Canadian cannabis company H...
Freezing rain knocks out power to 800,000 in Ontario and Quebec
Freezing rain and thunderstorms pummeled parts of Ontario and Quebec on Wednesday, knocking out power for about 800,000 people, officials reported.
Canada’s IGM to take 20.5% stake in Rockefeller Capital Management
Canadian wealth and asset manager IGM Financial Inc. CA:IGM on Monday said it had bought a roughly 20.5% stake in U.S. financial services advisory firm Rockefeller Capital Management for roughly $622 million — a move inten...
NASA’s 1st moon crew in 50 years includes 1 woman, 3 men
NASA on Monday named the four astronauts who will fly to the moon by the end of next year, including one woman and three men.
Teck Resources rejects unsolicited buyout offer from Glencore; doubles down on its separation plan
Teck Resources Ltd. TECKCA:TECK.ACA:TECK.B said Monday that it rejected an unsolicited buyout offer from Swiss multinational commodity trading and mining company Glencore Plc UK:GLEN and instead is urging shareholders to a...
BlackBerry stock dips after earnings show issues in cybersecurity business
BlackBerry Ltd. BB shares declined in after-hours trading Thursday after the company released preliminary fourth-quarter numbers that came up short of sales expectations amid troubles closing cybersecurity-software deals. ...
Cannabis company Verano Q4 loss widens on impairment costs, but revenue climbs
Verano Holdings Corp. VRNOFCA:VRNO said Thursday its fourth-quarter loss widened to $216 million from $7 million in the year-ago period. The company did not provide figures for loss per share. The Chicago-based cannabis co...
Spartan Delta sells properties to Crescent Capital and will distribute proceeds to shareholders
Oil and gas developer and producer Spartan Delta Corp.CA:SDEDALXF said Tuesday it agreed to sell its Gold Creek and Karr Montney assets in Canada to Crescent Point Energy Corp. for C$1.7 bln ($1.42 bln). The company will p...
Netflix could be seeing ‘significantly stronger’ user growth amid password crackdown
Netflix Inc. shares were continuing their rally Friday amid building optimism for the company's password-sharing crackdown.
U.S., Canada end loophole that let asylum-seekers cross border
U.S. President Joe Biden and Canadian Prime Minister Justin Trudeau on Friday announced a plan to close a loophole to an immigration agreement that has allowed thousands of asylum-seeking immigrants to move between the two...
Biden says he doesn’t see anything ‘about to explode’ in banking sector
President Biden says U.S. banks are in "pretty good shape," but says it will take time for things to "calm down" in the industry.
