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Latest news coverage of Canadian markets

Aurora Cannabis co-Founder and ex-CEO Terry Booth retires from board

Aurora Cannabis Inc. said Monday that co-Founder and former Chief Executive Terry Booth is retiring from its board. Booth was CEO of the Canadian cannabis company from December 2014 through February 2020 and served on the board since 2014. U.S.-listed hares were down 1.8% premarket and have fall...

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Wall Street’s road warriors have spent the past three months grounded. How’s that working out?

That 100-degree day in the Arctic underscores how this region is now warming twice as fast as Earth

Trudeau rules out freeing Huawei exec to get China to release two jailed Canadians

Pot company Acreage takes charge of nearly $200 million

U.S. cannabis company Acreage Holdings Inc. took an impairment charge of nearly $200 million in reporting first-quarter earnings Thursday afternoo...

Canopy Growth amends agreement with Acreage to provide capital to fund hemp operations

Canadian cannabis company Canopy Growth Corp. said Thursday it has agreed to amend its plan of arrangement with Acreage Holdings Inc. to provide ...

More from Canadian markets

Canadian ETFs lose ground as Fitch cuts sovereign rating

Exchange-traded funds made up of Canadian securities slumped Wednesday in the wake of a sovereign debt downgrade. Fitch Ratings on Wednesday cut the country's rating to AA+ from AAA, citing "deterioration of Canada's publi...

by Andrea Riquier
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Gold marks first loss in 4 sessions as prices pull back from highest finish in nearly 8 years

Gold futures finish lower Wednesday, pulling back a day after their highest finish 2012, pressured as the U.S. dollar strengthened, but a retreat in equities amid reports of rising coronavirus cases in many U.S. states hel...

by Mark DeCambre
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IMF slashes world growth outlook for 2020 and sees sluggish turnaround next year

The International Monetary Fund again cut its global economic forecast for 2020 on Wednesday, saying that the coronavirus pandemic has caused an unprecedented decline in global activity.

by Greg Robb

Aurora Cannabis reiterated as overweight at Cantor Fitzgerald after latest cost cuts

Cantor Fitzgerald raised its price target on Aurora Cannabis Inc. on Tuesday and reiterated an overweight rating, after the company announced a new set of cost cuts, including cutting its corporate staff by 25% over six m...

by Ciara Linnane
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Trump wants jobs coming back to the U.S. from China — but companies and consumers might disagree

Ed Yardeni: Reshoring factories is costly and ways to pay for it are unpopular.

by Ed Yardeni

Hexo's stock falls after $25.5 million stock offering program announced

The U.S.-listed shares of Hexo Corp. sank 8.0% in premarket trading Wednesday, after the Canada-based consumer packaged goods cannabis company announced a C$34.5 million ($25.5 million) at-the-market stock offering progra...

by Tomi Kilgore
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Lululemon Athletica is the top publicly traded specialty retailer, says Susquehanna

Analysts are optimistic about Lululemon for the long term, with some saying the yoga-pant retailer is poised to come out of the coronavirus pandemic in a better position.

by Tonya Garcia

Charlotte's Web launches C$67.5 million share offering

Charlotte's Web Holdings Inc. launched a C$67.5 million ($49.9 million) offering of shares through syndication on Tuesday, joining the many companies to issue new equity during the coronavirus pandemic. The Boulder, Colo....

by Ciara Linnane

Aurora Cannabis co-founder to retire as president, board member to help 'streamline' leadership

Aurora Cannabis Inc. said Tuesday that co-Founder Steve Dobler will retire from his roles as president and board member, effective June 30. He has been president of the Canada-based cannabis company and on the board of di...

by Tomi Kilgore

Cannabis entrepreneur Bruce Linton resigns from Vireo Health board after 7 months

U.S. cannabis company Vireo Health International Inc. said Friday that cannabis entrepreneur Bruce Linton has resigned from its board. The company did not offer any explanation for the move. "We wish Bruce well in his fut...

by Ciara Linnane

Hexo Corp. shares soar premarket after revenue tops estimates

Hexo Corp.'s U.S.-listed shares soared 19% in premarket trade Thursday, after the Canadian cannabis company beat revenue estimates for its fiscal third quarter. Ottawa-based Hexo said it had a net loss of C$19.5 million (...

by Ciara Linnane

Charlotte's Web to sponsor human trial to evaluate whether daily CBD use impacts the liver

Charlotte's Web Holdings Inc. said Tuesday that it will sponsor ValidCare along with six other CBD brands in conducting a human trial to determine whether daily CBD use has any impact on the liver. ValidCare is a clinical...

by Ciara Linnane

Gap says reopened stores are already generating 70% or more of last year's sales

Gap Inc. says it has reopened 1,500 stores across North America, with these locations generating about 70% of last year's sales performance. Old Navy is showing "particular strength," according to Katrina O'Connell, Gap's...

by Tonya Garcia

Aurora Cannabis nets C$27.6 million in sale of Alcanna shares to underwriting syndicate

Aurora Cannabis Inc. has agreed to sell 9.2 million shares of Alcanna Inc. to an underwriting syndicate led by Cormark Securities Inc. for a price of C$3 {$2.21) each to raise a total of about C$27.6 million, Alcanna sai...

by Ciara Linnane

Canopy Growth's stock drops again after Stifel Nicolaus swings to bearish from bullish

The U.S.-listed shares of Canopy Growth Corp. dropped 4.2% in premarket trading Monday, after Stifel Nicolaus analyst Andrew Carter swung to bearish from bullish in the wake of the Canada-based cannabis company's disappoi...

by Tomi Kilgore