More from Canadian markets

Lightning eMotors stock jumps after GoBolt partnership to make all-electric vans and trucks

Shares of Lightning eMotors Inc. shot up 5.7% in premarket trading Wednesday, after the zero-emission-vehicle (ZEV) maker said it entered into a partnership with Toronto-based GoBolt to make 170 all-electric vans and truc...

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From Kobe to Gretzky to Ali to Prefontaine: Sotheby’s puts coveted artifacts of sporting history on the auction block Sept. 6

Sixteen ‘rare and prized’ items featured.

Open Text plans to acquire Micro Focus at $6 billion valuation

Open Text Corp. shares sank 5% in after-hours trading Thursday after the company announced plans to acquire British software company Micro Focus at a valuation of $6 billion. Open Text said it would pay 532 pence for eac...

Aurora Cannabis buying Canadian greenhouse company Bevo Agtech

Aurora Cannabis Inc. said Thursday it agreed to acquire a controlling 50.1% interest in Bevo Agech Inc., the parent of Bevo Farms Ltd., operator of 63 acres of greenhouse facilities in British Columbia with revenue of C$3...

Turquoise Hill shares rally on increased buyout offer from Rio Tinto

Shares of Turquoise Hill Resources Ltd. rallied 22% in premarket trades on Wednesday after Rio Tinto Plc said it would hike its offer to value the Canadian mining company at $3.1 billion. Rio Tinto increased its buyout p...

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Ford confirms layoffs, says it is cutting nearly 3,000 jobs

Ford Motor Co. confirmed Monday it is laying off roughly 3,000 white-collar and contract employees, marking the latest in its efforts to slash costs as it makes a longer-range transition to electric vehicles.

SNDL buying Valens in all-stock Canadian cannabis merger

SNDL Inc. said Monday it will acquire Valens Co. Inc. in an all-stock deal valued at C$138 million ($105.9 million). SNDL will pay 0.3334 shares of its stock for each share of Valens, the company said. The deal implies a...

Moderna to supply Canadian government with 12 million doses of its bivalent COVID vaccine

Moderna Inc. said Monday it will supply the Canadian government with 12 million doses of its bivalent COVID vaccine that targets the original virus and the omicron variant. The government has exercised an option to purcha...

Mars Canada wins trademark suit against sellers of cannabis edibles in packaging that resembles Skittles

Mars Canada, a unit of candy giant Mars Inc., won a ruling in federal court this week against online cannabis sellers that allegedly offered THC-infused edibles in packaging that closely resembled its Skittles brand, accor...

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Amazon to hike seller fees for holidays as expenses rise

Amazon is raising charges on third-party sellers again — this time adding a holiday fee for merchants who use the company’s fulfillment services to pack and ship items to customers.

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Rio Tinto takeover not in best interest of shareholders, Turquoise Hill says

Turquoise Hill Resources Ltd. Monday said a special committee of independent directors found a takeover proposal from majority shareholder Rio Tinto PLC isn't in the best interest of the company or its minority shareholders.

Trulieve Q2 revenue falls short of estimates as cannabis company lowers full-year guidance

Trulieve Cannabis Corp. said Wednesday it had a net loss of $1.1 million in the second quarter, or 12 cents a share, after earnings of $47 million, or 31 cents a share, in the year-earlier period. The Tallahassee, Fla.-ba...

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Curaleaf CEO sees cannabis as recession resistant, but stock falls after wider loss

Curaleaf stock slides into the red after the company matches estimates for a loss and beats its revenue target, but its wholesale business faces price pressure

Cronos Group posts narrower loss but misses revenue target

Cronos Group Inc. shares fell 8% in premarket trades Tuesday after the cannabis company posted a narrower-than-expected loss, although its revenue fell short of estimates. Cronos Group said it lost $44.6 million, or 5 cen...

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Canada’s TD buying investment bank Cowen to broaden its U.S. push

Cowen CEO says the financial firm wasn't actively pursuing a deal when TD approached them; TD is raising cash for the deal by selling Schwab shares.