Canopy to buy 20% stake in Indiva, gains control of Wana edibles brand in Canada
The firms announced on Tuesday that Canopy Growth Corp. had reached an agreement to acquire a small investment in Canadian sweets manufacturer Indiva Ltd. in addition to taking over the marketing and distribution of its Wana brand of cannabis-infused gummies….
Wednesday’s GDP data will be key for the Bank of Canada rate decision: Strategist
One expert noted that this week’s announcement of the gross domestic product (GDP) estimates for the Canadian economy could be significant for the Bank of Canada’s decision to hike interest rates or not. In a study published last week, macro…
Does Canada risk falling behind other countries on LNG exports?
Canada’s LNG industry could recreate a critical part in global energy safety, but risks creeping behind other countries, a specialist says. Canada is particularly positioned to supply gas through the construction of facilities on the country’s West Coast, according to…
Oil price boost finally lifts outlook for Canadian oil: S&P Global
More increased oil prices are ultimately lifting the observatory for Canada’s oilsands, 15 months after Russia’s attack on Ukraine, leading to S&P Global Commodity Insights’ first positive output revision in more than five years. “We reported last year that the…
Canada’s BMO and Scotiabank shares fall as they miss their profits.
Bank of Montreal (BMO.TO) and Bank of Nova Scotia (BNS.TO) on Wednesday missed quarterly profit estimates after facing higher expenses and setting aside more rainy-day funds. Both banks missed their quarterly profit estimates on Wednesday, with the price of their…
Canadian banks pricing in a recession around the end of the year: Portfolio manager
The top Canadian banks, according to one portfolio manager, are pricing in a recession to start around the end of the year, which is hurting sentiment for bank stocks. Bank stock performance has lagged behind that of the Toronto Stock…
Carlo Dade: Why Canada needs to engage China more, not less
Canada needs to communicate more with China’s leadership. An argument for deeper engagement with China may seem out of place in the current climate of hostility and attendant vehement rhetoric that characterises Canada-China relations. Not at all. It is Canada’s…
Canadian banks faced a difficult quarter ahead of earnings releases: RBC
RBC Capital Markets analysts anticipate a challenging quarter for several of the country’s leading lenders as Canadian banks prepare to broadcast their quarterly outcomes the following week, stating that the “macroeconomic outlook has become more uncertain.” RBC Capital Markets analysts…
Canada’s housing market is taking the brunt of rate hikes
One analyst claims that the Bank of Canada’s warning about the mounting risk that higher borrowing costs pose to Canadian households will prevent the central bank from hiking rates further. The Bank of Canada expressed concern about Canadians’ ability to…
Demand grows in Canada for short-term fixed-rate mortgages
According to a Ratehub.ca poll, the Bank of Canada’s recent aggressive interest rate increases are increasing demand for short-term fixed-rate mortgages. According to the study, Canadians who are considering getting a mortgage are interested in short-term fixed rates as a…