Sale of 3 coastal pulp and paper mills hailed as win for 1,500 workers in B.C.

Business leaders and the provincial government are hailing the sale of three coastal pulp and paper mills as a win for the 1,500 workers employed there. British Columbia-based Catalyst Paper Corp. has reached an agreement to sell three coastal mills to Paper Excellence Canada of Richmond, B.C.  They are located at Crofton and Port Alberni on  Vancouver Island and Powell River on the […]

Shopify ‘confident’ on pot e-commerce because ‘cannabis isn’t Kylie Cosmetics’

Shopify Inc.’s vice president is “very confident” that the first day of recreational pot sales in Canada will be smooth on websites backed by its software because “cannabis isn’t Kylie Cosmetics.” While pot demand may be high on Oct. 17, it is unlikely to exceed the tens of thousands of orders of Lip Kits per […]

Toronto Real Estate Board sues listings website Mongohouse for $2.1M

The Toronto Real Estate Board is suing property listings website Mongohouse for $2 million, alleging that the anonymously-run page is illegally accessing, copying and distributing proprietary data. The board, which is the largest in Canada and represents more than 50,000 realtors across the Greater Toronto Area, filed the lawsuit last month in Federal Court asking […]

Media groups face stiff competition in following the buzz on cannabis: Don Pittis

“What’s the buzz? Tell me what’s happening,” goes the ’70s rock anthem. Part of the catchiness of the lyric — from the rock musical Jesus Christ Superstar — was that in that era the term “buzz” had developed a second spicy meaning. It described the high that people got from smoking cannabis. In the 1970s, the magazine High Times […]

Aurora Cannabis ‘more than ready’ with pot supply

Licensed marijuana producer Aurora Cannabis Inc. says it is “more than ready” for the legalization of recreational pot next month, with enough supply to meet all its commitments to provinces and territories. Aurora’s chief corporate officer Cam Battley also says the cannabis firm doesn’t expect to need supply agreements with other licensed producers to bridge […]

Nasdaq halts trading in Tilray after pot stock doubles in 2 days

Shares in Canadian marijuana company Tilray Inc. were halted on the Nasdaq Wednesday after they doubled in two days. Tilray shares soared one day after the licensed producer said it got approval from the U.S. Drug Enforcement Administration to export a cannabis drug to California for a clinical trial. The New York-based stock exchange temporarily halted […]

Toyota recalls 1 million hybrid models over wiring issue, 7,200 in Canada

Toyota Motor Corp said on Wednesday it planned to recall around 1.03 million vehicles, including its gasoline-hybrid Prius model, in Japan, North America, Europe and other regions due to an issue with the engine wire harness which can pose a fire risk. Following a domestic recall announcement by Japan’s transport ministry, Toyota said that in […]

CBS 2Q net income up as CEO faces sexual-misconduct probe

CBS on Thursday reported a boost in second-quarter net income from the tax overhaul and higher fees from affiliates and subscribers, as turmoil swirls around the media company ahead of the important fall TV season. CEO Les Moonves is facing an investigation after the New Yorker magazine published a story last Friday detailing accounts by […]