Aurora Cannabis buying Whistler Medical Marijuana in deal worth up to $175M

Aurora Cannabis Inc. has signed a deal to buy Whistler Medical Marijuana Corp. in an all-stock deal worth up to $175 million, including certain milestone payments. Edmonton-based Aurora says the acquisition of the privately held company is expected to provide it with a suite of premium and organic certified products. Whistler operates two indoor licensed […]

Espionage, ID theft? Myriad risks from stolen Marriott data

The data stolen from the Marriott hotel empire in a massive breach is so rich and specific it could be used for espionage, identity theft, reputational attacks and even home burglaries, security experts say. Hackers stole data on as many as 500 million guests of former Starwood chain properties over four years including credit card […]

Algoma Steel no longer in creditor protection

One of the largest employers in Sault Ste. Marie, Ont. is now out of creditor protection and its new owners have officially taken over. Algoma Steel Inc. announced on Friday that is has successfully completed the purchase of all the assets of Essar Steel Algoma Inc. and is no longer under creditor protection. It had […]

Snack food maker Neal Brothers makes cannabis edibles deal with Newstrike Brands

Cannabis company Newstrike Brands Ltd. has struck a deal to create co-branded edibles with Canadian specialty foods company Neal Brothers Inc., best known for its chips and salsa. Newstrike will own 60 per cent and Neal Brothers will own 40 per cent of a joint venture that will manufacture, distribute, market and sell cannabis-infused products. […]

Postal union launches protest campaign as employees halt rotating strikes

Federal back-to-work legislation may have ended rotating strikes by postal workers — but their union now says it’s switching to a campaign of “non-violent civil disobedience” to press its contract claims. In a statement issued Tuesday, Canadian Union of Postal Workers Union (CUPW) National President Mike Palecek said that while legal strike action is ending, the pressure campaign is […]

Ikea’s latest pitch: Bring back your used furniture to resell for store credit

Furniture retailer Ikea has launched a new program that will allow people to bring back gently used furniture to be resold at their stores, reducing the amount of waste that goes to landfills while giving their customers store credit to buy more stuff.  The retailer first pitched the idea more than two years ago and […]

Delays at Sturgeon Refinery add to Alberta heavy oil price discount woes

A new refinery touted as part of the solution to Alberta’s oversupply of heavy oil likely won’t begin processing oilsands bitumen until year-end, several months later than expected. That means 80,000 barrels per day of diluted bitumen that would have been delivered to the $9.7-billion Sturgeon Refinery near Edmonton is instead joining the queue to […]

Meet Canada’s unknown digital workers

Opportunities for work in Canada’s online gig economy are growing faster than in many other countries, according to the organization behind a new tool that sheds light on a part of the world’s workforce that largely goes unmeasured. The Online Labour Index uses an automated data collector to scan some of the top digital labour websites including Fiverr, […]

Encana to buy Newfield Exploration for US$5.5B

Encana Corp. has signed a deal to acquire Newfield Exploration Co. in an all-stock offer it said was worth about US$5.5 billion. Under the deal announced Thursday, Newfield shareholders will receive 2.6719 Encana shares for each share of Newfield common stock. Encana will also assume US$2.2 billion of Newfield debt. “This strategic combination advances our […]