News

SMITHS FALLS, Ont. — Canopy Growth Corp. posted a larger loss in its latest quarter compared with a year ago as its revenue declined. The cannabis producer says its loss attributable to the company amounted to $127.1 million or $1.60 per diluted share for the quarter ended June 30. The result compared with a loss […]

OAKVILLE, Ont. — Algonquin Power & Utilities Corp. says it has signed a deal to sell its renewable energy business to a subsidiary of LS Power for up to US$2.5 billion. Under the deal, which does not include Algonquin’s hydro business, LS Power will pay US$2.28 billion in cash at closing and up to US$220 […]

TORONTO — Cineplex Inc. reported a loss in its most recent quarter compared with a profit a year ago as theatre attendance fell, but CEO Ellis Jacob says the end of the second quarter was a turning point. Jacob says the industry faced challenges in the first half of the year due to the prolonged […]

TORONTO — Bell Canada made more than $64 million in gross revenues from calls made by inmates at Ontario jails — at “exorbitant” rates, lawyers allege in a lawsuit — and gave nearly $39 million of that to the province as commission, according to new disclosures from the telecom giant. Bell charged $1 per minute […]

TORONTO — Vladimir Guerrero Jr. drove in four runs while extending his hit streak to 20 games to lead the Toronto Blue Jays past the Baltimore Orioles 7-6 on Thursday. Guerrero Jr. finished a single shy of hitting for the cycle. By winning the rubber match, the Blue Jays (53-62) claimed their seventh win in […]

TORONTO (AP) — Top-seeded Coco Gauff routed Yafan Wang 6-4, 6-2 on Thursday in the second round of the National Bank Open. Preparing for her U.S. Open title defense, Gauff played her first hard-court match since the Miami Open in April. “It’s not easy transitioning from all these different surfaces in such a short amount […]

TORONTO — RioCan Real Estate Investment Trust says its net income for the second quarter was $122.4 million, up from $112.0 million during the same quarter last year. RioCan says its revenues totalled $292.2 million, up from $276.1 million a year earlier. President and CEO Jonathan Gitlin says the company saw “record-breaking leasing spreads” as […]

TORONTO — Sleep Country Canada Holdings Inc. says it earned $15.8 million in its second quarter, up from $12.7 million a year earlier. The Toronto-based company says its revenues for the quarter were $232.5 million, up from $217.2 million during the second quarter of 2023. Diluted earnings per share were 46 cents, up from 36 […]

OTTAWA — A new fight is playing out at the Canadian Radio-television and Telecommunications Commission over the first $100-million annual payment Google agreed to pay Canadian news outlets. The Canadian Journalism Collective, the group tasked by Google to distribute the money to news outlets, has submitted plans for its governance structure to the CRTC. If […]

GUELPH, Ont. — Manufacturer Linamar Corp. says its earnings and revenue rose during the last quarter that longtime CEO Linda Hasenfratz will serve in the top role. The company announced alongside its second quarter results that Hasenfratz has shifted from the chief executive position she’s held since 2002 to become executive chair of the board. […]