Shares of pot company Tilray surge in first day of trading on Nasdaq

Shares of Tilray Inc. jumped on Thursday as it became the first Canadian cannabis company to launch an initial public offering on a U.S. stock market. Tilray shares rose almost 32 per cent above their $17 US IPO price to close at $22.39 US.  The issue, which trades under the symbol TLRY, got as high as $24 US at […]

U.S. carmakers could be next victims of Trump’s ‘easy to win’ trade war: Don Pittis

Even if the Trump administration won’t listen to Canadian Foreign Affairs Minister Chrystia Freeland on the advantages of  the North American Free Trade Agreement, maybe screams of protest from their own industry groups will wake them up to the dangers of protectionism. The issue on the table at today’s hearings in Washington is whether imported cars are a national security […]

New Tesla owners on hook for $14K after sudden end of electric car incentive program

Some Tesla customers say they now have to fork over an extra $14,000 for their new Model 3 electric cars because of Ontario’s sudden decision to end an incentive program for electric and hydrogen vehicles.  The provincial government announced Wednesday that the program will end on Sept. 10 for those who have their vehicle delivered, registered, and plated if […]

Dell to go public again after 5 years as a private company

Dell is going public again after a five-year sojourn as a privately held company. In the $21.7 billion agreement announced Monday, the PC and data storage company is offering to exchange tracking stock for a new class of common shares, simplifying the complex ownership structure that is still held mostly by founder Michael Dell. The […]

How Canadian-made artificial intelligence is helping Hollywood write better scripts

​Jurassic World, Avengers: Infinity War, the latest in the Star Wars franchise, Solo: Movie theatres, as usual, are jam-packed with sequels this summer. Hollywood is addicted to sequels for one reason: A proven concept can reduce the risk of failure in a business where hundreds of millions of dollars are at stake. But some Canadian tech entrepreneurs believe […]

Calgary judge awards Dow Chemical $1.06B US in dispute with Nova Chemicals

A judge has awarded Dow Chemical Canada $1.06 billion US in damages against Nova Chemicals Corporation in a dispute over a massive ethylene plant in central Alberta. The dispute centred around the operation of a production facility in Joffre known as E3. E3 started operating in 2000 as a joint venture, with Nova running the facility. […]

Hudson’s Bay, other stores pressured to dump Trump products, amid tariff tiff

The recent tariff dispute between Canada and U.S. has sparked a renewed social media call to boycott stores carrying Trump family merchandise. However, the campaign may be fruitless, according to some business strategy experts. They say not only do boycotts not tend to work, but also, goods associated with the family of U.S. President Donald Trump — from […]

Aeroplan promises a transformed rewards program in 2020, but will it fly?

Aeroplan promises a new beginning, but that hasn’t quelled fears among members about its future after Air Canada cuts ties with the rewards program in 2020. To drum up excitement and confidence, Aeroplan recently launched an ad campaign, telling its almost five million members that it will “transform travel planning” into “an extraordinary experience.” But without […]

Roots reports bigger first quarter loss as sales hampered by winter storm

Roots Corp. reported a loss of $5.6 million in its fiscal first quarter, an increase from the prior year, but also reported an improvement in sales. The loss amounted to 13 cents per share, compared with last year’s loss of $5.1 million, or 12 cents per share. Its adjusted net loss was $4.5 million or […]

Apple’s unveils ‘do not disturb’ mode, augmented reality measuring tool

Apple introduced new controls for limiting how much time customers spend on their devices as the company tackles criticism that its devices are becoming increasingly addictive and distracting. The controls allow users to set “Do Not Disturb” modes on their phones, such as at night or during trips to the playground with their kids. During […]