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Hexo Corp. sells Niagara Falls cannabis facility for $10.25 million

Hexo Corp. sells Niagara Falls cannabis facility for $10.25 million

OTTAWA — Hexo Corp. says it has sold its facility in Niagara Falls, Ont., for $10.25 million to an undisclosed buyer. The cannabis company announced in March plans to list the facility after reviewing its cultivation assets.
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Canada's wealthiest one per cent hold 25.6% of riches, new PBO report says

Canada's wealthiest one per cent hold 25.6% of riches, new PBO report says

The concentration of wealth among Canada's richest one per cent is deeper than previously believed, according to a federal government report based on a new modelling approach. The top one per cent of Canada's families hold about 25.
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Most actively traded companies on the TSX

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (15,428.69, down 87.14 points.) Bombardier Inc. (TSX:BBD.B). Industrials. Up 1.5 cents, or 3.03 per cent, to 51 cents on 18.
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Health Canada certifies new ventilators ordered in wake of COVID-19 pandemic

Health Canada certifies new ventilators ordered in wake of COVID-19 pandemic

MONTREAL — Health Canada has certified new medical ventilators that were ordered by the federal government to ensure adequate supplies for treating severe cases of the COVID-19 respiratory disease.
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P.E.I. deficit balloons to $173 million as finance minister blames COVID-19

P.E.I. deficit balloons to $173 million as finance minister blames COVID-19

CHARLOTTETOWN — The COVID-19 pandemic has blown a hole through the public finances of Prince Edward Island, with the province announcing Wednesday a budget deficit for fiscal 2020-21 of $173 million.
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Toronto stock market slips lower as crude prices drive down energy sector

Toronto stock market slips lower as crude prices drive down energy sector

TORONTO — Canada's main stock index moved lower midweek as falling crude oil prices hurt the energy sector. The S&P/TSX composite index closed down 87.14 points at 15,428.69. The energy sector was the big loser, plunging 4.
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Enbridge says 800 staff have taken voluntary buyouts offered to cut costs

Enbridge says 800 staff have taken voluntary buyouts offered to cut costs

CALGARY — Enbridge Inc. says 800 employees have voluntarily left the company, allowing it to avoid layoffs as it cuts costs to counter impacts from COVID-19 and lower global oil prices.
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Toronto arts agency lays off staff as live events 'ravaged' by pandemic

Toronto arts agency lays off staff as live events 'ravaged' by pandemic

TORONTO — The Toronto agency that operates three prestigious arts venues says additional layoffs mean 115 full-time positions have now been affected by the pandemic.
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G-7 calls on China to reconsider Hong Kong security law

G-7 calls on China to reconsider Hong Kong security law

BERLIN — The Group of Seven leading economies is calling on China to reconsider plans to impose a national security law in Hong Kong, according to a joint statement issued Wednesday.
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South American gold mine closed over union dispute following COVID-19 outbreak

South American gold mine closed over union dispute following COVID-19 outbreak

TORONTO — Iamgold Corp. says it has suspended operations at its Rosebel Gold Mine in the South American country of Suriname after seven people were diagnosed with COVID-19, sparking a showdown with its union.
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