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Cannabis producer Organigram Holdings Inc. reports $10.2M third-quarter loss

Cannabis producer Organigram Holdings Inc. reports $10.2M third-quarter loss

Organigram Holdings Inc. reported a third-quarter loss as revenue slipped amid lower recreational pot reorders from Ontario and British Columbia, but the cannabis company anticipated growth ahead as edibles and new retail stores come online.
Producers still cautious despite higher Q2 expectations on stronger oil prices

Producers still cautious despite higher Q2 expectations on stronger oil prices

CALGARY — Higher oil prices are expected to boost cash flow for the large Canadian crude producers as they roll out second-quarter results beginning next week, but analysts say the extra money is unlikely to be added to growth budgets.
Wood products producer Stella-Jones says CEO Brian McManus to step down

Wood products producer Stella-Jones says CEO Brian McManus to step down

MONTREAL — Wood-products producer Stella Jones Inc. says company president and CEO Brian McManus will step down later this year after 18 years at the company.
China's economy growth cools further amid US tariff war

China's economy growth cools further amid US tariff war

BEIJING — China's economic growth sank to its lowest level in at least 26 years in the quarter ending in June, adding to pressure on Chinese leaders as they fight a tariff war with Washington. The world's second-largest economy grew 6.
Home sales edged up 0.3 per cent in June, Toronto and Montreal make gains

Home sales edged up 0.3 per cent in June, Toronto and Montreal make gains

OTTAWA — The Canadian Real Estate Association says home sales in June edged higher compared with a year ago, as gains in Greater Toronto and Montreal offset declines in B.C.
Barrick says Tethyan Copper joint venture awarded US$5.84B in damages

Barrick says Tethyan Copper joint venture awarded US$5.84B in damages

TORONTO — Barrick Gold Corp. says a joint venture it holds with Chilean miner Antofagasta plc has been awarded US$5.84 billion in damages in connection with its Reko Diq project in Pakistan.
Codebreaker Alan Turing to be face of new British banknote

Codebreaker Alan Turing to be face of new British banknote

LONDON — Codebreaker and computing pioneer Alan Turing has been chosen as the face of Britain's new 50 pound note, the Bank of England announced Monday.
Aimia names two new directors with investment banking experience to its board

Aimia names two new directors with investment banking experience to its board

MONTREAL — Aimia Inc. has named two new independent directors with investment banking experience to its board. The loyalty rewards company says it has added Dieter Jentsch and Frederick Mifflin to its board, effective immediately.
Taiwan party picks mayor over ex-Foxconn chief for 2020 run

Taiwan party picks mayor over ex-Foxconn chief for 2020 run

TAIPEI, Taiwan — Taiwan's main opposition party picked a pro-China populist mayor Monday as its candidate for the 2020 presidential race against an incumbent who often bashes Beijing.
Calls for investigations after power restored in Manhattan

Calls for investigations after power restored in Manhattan

NEW YORK — A Manhattan power outage that temporarily turned off the bright lights of the big city only lasted for a few hours, but left plenty of lingering questions and calls for investigations on Sunday.