Aurora Cannabis to spin out U.S. assets into separate company

Canada’s second largest cannabis company plans to place its U.S. assets into a new separate company that will focus on investing in the cannabis and real estate sector there. TSX-listed Aurora Cannabis said Wednesday it plans to distribute units of its subsidiary Australis Capital Inc. to shareholders in the near future. Canadian residents who own Aurora […]

Saputo urges end to milk ingredients pricing system opposed by U.S.

Saputo Inc., one of Canada’s largest dairy companies, wants to end a domestic milk ingredient pricing system that has angered the United States, chief executive Lino Saputo Jr. said on Monday, showing a rare crack in solidarity among processors and the country’s sheltered dairy farmers. The Class 7 pricing agreement, struck in 2016 between Canadian dairy […]

Comcast challenges Disney with US$65 billion bid for Fox

Comcast made a US$65 billion bid Wednesday for Fox’s entertainment businesses, setting up a battle with Disney to become the next mega-media company. The bid comes just a day after a federal judge cleared AT&T’s takeover of Time Warner and rejected the government’s argument that it would hurt competition in cable and satellite TV and […]

Canada to hold key 5G spectrum auction in 2020, says Innovation Minister Bains

Canada’s government will auction key wireless spectrum for fifth-generation mobile networks in 2020, Innovation Minister Navdeep Bains said Wednesday. “We believe this puts us in a relatively strong position relative to our international peers,” Bains said prior to his speech at the Canadian Telecom Summit in Toronto. “We will still be ahead of Australia and […]

Canada faces ‘significant risks’ from housing, trade tensions, says IMF

Canada’s economy is facing “significant risks” as high anxiety from trade tensions with the U.S. and the threat of correction in the housing market weighs on growth, according to the latest outlook from the International Monetary Fund. The Washington-based agency said on Monday that policymakers need to “rebuild policy buffers” and forge ahead with structural reforms to boost Canada’s global […]

Internet video, music services must pay up to save Canadian content, CRTC says

The broadcast regulator is adding its voice to the domestic chorus calling on the federal government to pry more commitments — monetary or otherwise — from online streaming giants like Netflix and Spotify and consider new internet levies to fund Canadian content. In a report released Thursday, the Canadian Radio-television and Telecommunications Commission recommended the […]