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Hexo reports $52.1M net loss in Q2, announces share consolidation

Hexo reports $52.1M net loss in Q2, announces share consolidation

GATINEAU, Que. — Hexo Corp. says its most recent quarter delivered a $52.1 million net loss as the cannabis company purged unprofitable products and streamlined its business. The Gatineau, Que.
First Quantum disappointed by government order to suspend work at Cobre Panama mine

First Quantum disappointed by government order to suspend work at Cobre Panama mine

TORONTO — First Quantum Minerals Ltd. says it is disappointed by a decision by the Panamanian government to order the suspension of work at its Cobre Panama mine.
Statistics Canada says wholesale sales up 2.1 per cent in October

Statistics Canada says wholesale sales up 2.1 per cent in October

OTTAWA — Statistics Canada says wholesale sales rose 2.1 per cent to $83.4 billion in October, boosted by gains in the miscellaneous goods, building material and supplies, and personal and household goods subsectors.
California approves roadmap for carbon neutrality by 2045

California approves roadmap for carbon neutrality by 2045

SACRAMENTO, Calif.
Former CannTrust leaders acquitted in unlicensed growing trial

Former CannTrust leaders acquitted in unlicensed growing trial

TORONTO — An Ontario court has acquitted three former cannabis leaders charged with offences linked to unlicensed growing at a Niagara area greenhouse. The ex-CannTrust Holdings Inc.
Shell Canada snapping up gas stations in preparation for energy transition

Shell Canada snapping up gas stations in preparation for energy transition

CALGARY — After announcing its purchase of 56 gas stations from the parent company of Sobeys Thursday, Shell Canada is on the lookout for other potential acquisitions as it seeks to grow its retail fuel footprint across the country.
Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (19,600.63, down 291.02): Suncor Energy Inc. (TSX:SU). Energy. Down 45 cents, or 1.07 per cent, to $41.73 on 14.2 million shares.
S&P/TSX down 1.5 per cent, U.S. markets fall further one day after Fed hikes rates

S&P/TSX down 1.5 per cent, U.S. markets fall further one day after Fed hikes rates

TORONTO — Canada's main stock index fell by almost 1.5 per cent Thursday with broad-based declines, while U.S. stock markets fell even further a day after the U.S.
US stocks sink as Fed signals it will remain aggressive

US stocks sink as Fed signals it will remain aggressive

NEW YORK — Stocks tumbled in the U.S. and Europe as investors grew increasingly concerned that the Federal Reserve and other central banks are willing to risk a recession to bring inflation under control. The S&P 500 fell 2.
Sobeys parent company Empire says cyberattack expected to cost $25M after insurance

Sobeys parent company Empire says cyberattack expected to cost $25M after insurance

Sobeys parent company Empire Co. Ltd. has shared new details on a cyberattack that shut down its pharmacy services and other in-store functions last month.