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Latest news coverage of Canadian markets

Vans parent increases worker pay for North American distribution center workers through July

VF Corp. said Monday that it will increase pay for distribution center workers across the U.S. and Canada through July. The company is also extending pay and benefits to retail workers at shuttered stores across North America and Mexico through May 30. VF Corp.'s portfolio of brands includes Van...

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Shawn Auger had a passion for hockey and his work with at-risk youth of Alberta

Foot Locker furloughs most store employees in the U.S. and Canada

Foot Locker Inc. will furlough most store employees in the U.S. and Canada beginning April 26, the athletic retailer said in a filing. Some supply...

Gap suspends $115 million in North American rent payments, in talks to negotiate or terminate leases

Gap Inc. stock fell 3% in Thursday premarket trading after it said in a filing that it has suspended rent payments totaling $115 million in North ...

Pot companies left out of latest coronavirus stimulus bill, but lobbyists are still hopeful

Cannabis producer Organigram to raise $35 million through market equity sales

Canada-based marijuana producer Organigram Holdings Inc. said Wednesday that it was raising up to C$49 million ($34.5 million) by selling shares i...

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Which cannabis companies are going to survive coronavirus? Here’s how to tell

Before the outbreak of COVID-19, cannabis stocks had plummeted from fattened valuations as they failed to find promised profit and seemed at risk of bankruptcy. The global pandemic has made things even worse, and investors...

Coach parent Tapestry will furlough most North American assistant managers and associates if stores don't reopen by May 30

Tapestry Inc. , which has been paying its workers despite store closures, says it will have to furlough most of its North American assistant managers and store associates if the company can't reopen its doors by May 30. Sa...

CAE has recalled all employees laid off because of COVID-19

CAE Inc. said Monday it has recalled all employees laid off as a result of the COVID-19 pandemic, with 1,500 employees back on the payroll this week. The Montreal-based company, which provides training services for the av...

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Gunman disguised as police officer kills 16 in Nova Scotia rampage, deadliest in Canada’s history

A man wearing a police uniform went on a shooting rampage as he drove around the Canadian province of Nova Scotia on Sunday, killing 16 people, including a police officer. Officials said the suspected shooter was also dead.

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Foreign allies not on board with Trump’s plan to slash WHO funding

President Donald Trump faced international resistance Thursday as he defended his plan to cut U.S. payments to the World Health Organization over its handling of the coronavirus pandemic.

Canopy Growth to book charge of up to C$800 million as restructures operations to reduce cash burn

Canopy Growth Corp. said Thursday it expects to record a charge of C$700 million ($496.2 million) to C$800 million, as the Canada-based cannabis company announced a number of operational changes as part of a strategic rev...

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Aphria yanks forecast due to coronavirus after strong increase in cannabis sales

Aphria Inc. told investors Wednesday that cannabis sales jumped 65% in its most recent quarter, but pull-backs from wholesale buyers across Canada due to COVID-19 forced the company to rescind guidance for the full year.

Aphria's stock soars after swinging to surprise profit, revenue nearly doubled to be forecasts

Shares of Aphria Inc. shot up 19% toward a 2-month high in premarket trading Wednesday, after the Canada-based cannabis company reported a surprise fiscal third-quarter profit and revenue that nearly doubled and beat expe...

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As cannabis industry stays largely quiet on coronavirus, this CEO has been sounding the alarm

As the COVID-19 pandemic ravaged the globe, Organigram Holdings Inc. was one of the first cannabis companies to begin to warn investors about the impacts on its business and the industry.

Cannabis extractor Valens GroWorks sees less demand amid coronavirus, reports earnings

Cannabis extractor Valens GroWorks Corp. reported Tuesday fiscal first-quarter net income of C$2.5 million ($1.8 million), or 2 cents a share, compared with a net loss of C$6.4 million, or 7 cents a share, in the year-ago...

Canadian cannabis company OrganiGram loss widens in latest quarter as revenue falls short of estimates

Canadian cannabis company OrganiGram Holdings Inc. said Tuesday it had a net loss of C$6.8 million ($4.9 million), or 4.1 cents a share, in its fiscal second quarter to Feb. 29, wider than the loss of C$6.4 million, or 4....

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Aurora Cannabis will roll up its shares in a reverse stock split — here’s what you need to know

After the New York Stock Exchange told Aurora Cannabis Inc. that shares had sagged so much that it no longer complied with the exchanges listing requirements, Aurora said Monday it was consolidating its stock.

Amazon to hire 75,000 more employees; stock rallies to about 1% below record high

Shares of Amazon.com Inc. rallied 5.0% in midday trading Monday, after the e-commerce and cloud giant said it was hiring 75,000 more employees, in addition to the 100,000 it already hired, to help meet increased demand. T...

Aurora Cannabis plans 1-for-12 reverse stock split, to enhance liquidity with new at-the-market program

Aurora Cannabis Inc. said Monday it is taking steps to improve liquidity and regain compliance with New York Stock Exchange listing requirements, after its stock traded below $1 for more than 30 days. The company said its...

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Testing for COVID-19 antibodies could be a ‘game changer’ for the economy but it’s still too early to tell

Some government officials and researchers are pinning their hopes for an economic recovery on the creation and widespread utilization of antibody tests that can identify who has immunity to COVID-19.

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