Skip to content

National Business

ASC orders lifetime bans, penalties in Bluforest pump-and-dump scheme

ASC orders lifetime bans, penalties in Bluforest pump-and-dump scheme

CALGARY — The Alberta Securities Commission has ordered permanent market access bans against Cem (Jim) Can, Charles Michael Miller and Bluforest Inc. after finding they acted fraudulently in a pump-and-dump stock market manipulation scheme.
Read more >
David Lobo named new interim CEO of OCS, will replace Thomas Haig this month

David Lobo named new interim CEO of OCS, will replace Thomas Haig this month

TORONTO — David Lobo has been named interim president and chief executive of Ontario's cannabis distributor. Lobo has been with the Ontario Cannabis Store since its inception and most recently served as its chief merchandising officer.
Read more >
Ottawa invests $50.5M in Moltex Energy Canada to develop nuclear reactor technology

Ottawa invests $50.5M in Moltex Energy Canada to develop nuclear reactor technology

SAINT JOHN, N.B. — Ottawa is investing $50.5 million in Moltex Energy Canada Inc. to help in the development of the company's stable salt nuclear reactor and spent fuel recycling technology. The money includes $47.
Read more >
Experts warn young consumers about online fraudsters during Fraud Prevention Month

Experts warn young consumers about online fraudsters during Fraud Prevention Month

CALGARY — Toronto's Amanda George says she was indulging in some late-night retail therapy when she made a $300 impulse buy from an unfamiliar website just before Christmas.
Read more >
Waterloo Brewing cutting prices for Ontario pubs and restaurants to help recovery

Waterloo Brewing cutting prices for Ontario pubs and restaurants to help recovery

KITCHENER, Ont. — Waterloo Brewing Ltd. is cutting the prices it charges Ontario's pubs and restaurants for its most popular brands in an effort to help them recover from the pandemic.
Read more >
Hexo reports Q2 loss, revenue nearly doubled compared with year ago

Hexo reports Q2 loss, revenue nearly doubled compared with year ago

OTTAWA — Hexo Corp. reported a loss of $20.8 million in its latest quarter as its revenue nearly doubled compared with a year earlier. The cannabis company says its loss amounted to 17 cents per diluted share for the quarter ended Jan. 31.
Read more >
US sends investigators to probe another Michigan Tesla crash

US sends investigators to probe another Michigan Tesla crash

LANSING, Mich. — For the second time this week, the U.S. government’s road safety agency is sending a team to investigate a Tesla crash in Michigan.
Read more >
States sue Biden in bid to revive Keystone XL pipeline

States sue Biden in bid to revive Keystone XL pipeline

BILLINGS, Mont. — Attorneys general from 21 states on Wednesday sued to to overturn President Joe Biden’s cancellation of the contentious Keystone XL oil pipeline from Canada.
Read more >
Trump's taxes in hand, Manhattan DA's probe heats up

Trump's taxes in hand, Manhattan DA's probe heats up

NEW YORK — With former President Donald Trump’s tax returns finally in hand, a team of New York prosecutors led by a newly hired former mob-buster is sending out fresh subpoenas and meeting face-to-face with key witnesses, scrutinizing Trump's busine
Read more >
Power Corp. beats expectations in fourth quarter as net profit surges to $623 million

Power Corp. beats expectations in fourth quarter as net profit surges to $623 million

MONTREAL — Power Corp. beat expectations as its net profit attributable to shareholders surged in the final quarter of 2020 as its life insurance business benefited from acquisitions.
Read more >