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DavidsTea lends Squish up to $2 million despite continued loss in second quarter

DavidsTea lends Squish up to $2 million despite continued loss in second quarter

MONTREAL — DavidsTea Inc. says it is lending candy retailer Squish up to $2 million even though the beverage company continued to lose money in the second quarter. Squish, whose parent company is Oink Oink Candy Inc.
CannTrust says certain licences suspended by Health Canada over 'non-compliance'

CannTrust says certain licences suspended by Health Canada over 'non-compliance'

CannTrust Holdings Inc.'s licenses to produce and sell cannabis were suspended Tuesday by Health Canada, the latest setback for the pot firm which has been under investigation by regulators for cultivation in unlicensed rooms. The Vaughan, Ont.
TSX reaches record high while U.S. markets flat ahead of Fed rate decision

TSX reaches record high while U.S. markets flat ahead of Fed rate decision

TORONTO — Canada's main stock index set record highs Tuesday while U.S. markets were relatively flat ahead of an interest rate decision by the Federal Reserve. The S&P/TSX composite index closed up 83.44 points to 16,834.75.

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,834.75, up 83.44 points.) Encana Corp. (TSX:ECA). Energy. Down 48 cents, or 6.53 per cent, to $6.87 on 15.8 million shares.
Canopy to hire new CEO by end of year: chairman

Canopy to hire new CEO by end of year: chairman

TORONTO — Canopy Growth Corp. expects to complete its search for a new chief executive officer by the end of the calendar year, its chairman said during its first annual meeting without co-founder Bruce Linton at the helm.
Report finds immigrant wage gap costing Canada $50 billion a year in GDP

Report finds immigrant wage gap costing Canada $50 billion a year in GDP

The growing wage gap between immigrants and Canadian-born workers has hit a new high, with new Canadians earning 10 per cent less on average, says a new report.
Canadian auto sector starting to feel effect of GM strike in U.S.

Canadian auto sector starting to feel effect of GM strike in U.S.

TORONTO — Canadian manufacturers in the highly integrated auto industry are starting to feel the effects of the General Motors strike in the U.S. as workers picket for a second day.
'Blood money'? Purdue settlement would rely on opioid sales

'Blood money'? Purdue settlement would rely on opioid sales

The tentative multibillion-dollar settlement with OxyContin maker Purdue Pharma would raise money to help clean up the opioid mess by ... selling more OxyContin. That would amount to blood money, in the opinion of some critics.
WeWork delays its IPO amid tepid investor interest

WeWork delays its IPO amid tepid investor interest

NEW YORK — WeWork's parent company put its stock market debut on the backburner Tuesday, struggling to drum up investor enthusiasm for a fast-growing enterprise that spread trendy communal office spaces across the globe while piling up massive losses
Oil prices ease on hopes for normal Saudi production

Oil prices ease on hopes for normal Saudi production

DALLAS — The price of gasoline creeped higher after a weekend drone attack devastated Saudi Arabian oil output, but if the disruption to global supplies is short-lived, the impact on the U.S. economy will probably be modest.