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National Business
National Business
Regulators impose further restrictions on unregistered crypto trading platforms
TORONTO — The Canadian Securities Administrators (CSA) has set out new rules for unregistered cryptocurrency trading platforms operating in Canada after a wave of bankruptcies in the space including FTX, Voyager Digital and Celsius Network.
Feb 22, 2023 1:14 PM
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Stocks end mixed a day after their worst rout in months
NEW YORK (AP) — Stocks ended mixed a day after falling to their worst loss since December, as Wall Street prepares for interest rates to stay higher for longer. The S&P 500 dipped 0.2% Wednesday after drifting between small gains and losses.
Feb 22, 2023 1:05 PM
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New Netflix password sharing rules prompt consumers to rethink subscriptions: experts
TORONTO — Netflix's recent move to clamp down on password sharing could push customers to re-evaluate their subscriptions, say digital media experts.
Feb 22, 2023 12:34 PM
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Gildan Activewear optimistic on long-term outlook despite current economic headwinds
MONTREAL — Gildan Activewear Inc. is predicting single-digit revenue growth for this year as it faces short-term economic challenges, but is optimistic about its longer-term outlook.
Feb 22, 2023 9:23 AM
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Canadian auto production rose in 2022 to break streak of declines: DesRosiers
TORONTO — DesRosiers Automotive Consultants Inc. says Canadian auto production rose last year to break a five-year streak of declining output. The consultancy says total light vehicle production totalled 1.
Feb 22, 2023 8:42 AM
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EU carbon price passes symbolic 100 euros as reforms bite
BERLIN (AP) — The price of releasing planet-heating carbon into the atmosphere rose above 100 euros (about $107) in the European Union for the first time this week, a signal that experts said Wednesday speaks for the bloc's efforts to make polluting
Feb 22, 2023 8:42 AM
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Freshii announces sale to franchisor Foodtastic complete
TORONTO — The sale of Freshii Inc. to Montreal-based Foodtastic Inc. is complete. In a deal originally announced in December, the healthy fast-food chain says Foodtastic has acquired all of its voting shares at $2.30 per share.
Feb 22, 2023 8:21 AM
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Cannabis companies weigh pricing strategies after OCS margin cut
TORONTO — Canopy Growth Corp. will hold its prices as licensed pot producers weigh whether to pass along to consumers the savings from the Ontario Cannabis Store's forthcoming margin decrease. The Smiths Falls, Ont.
Feb 22, 2023 6:20 AM
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Taseko Mines to increase its stake in the Gibraltar copper mine in B.C.
VANCOUVER — Taseko Mines Ltd. says it has signed a deal to increase its stake in its Gibraltar copper mine in B.C. in an agreement worth at least $60 million. Under the terms of the deal, Taseko will acquire Sojitz Corp.
Feb 22, 2023 6:11 AM
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Ritchie Bros. Auctioneers reports Q4 profit and revenue up from year ago
VANCOUVER — Ritchie Bros. Auctioneers Inc. reported its fourth-quarter profit and sales were up compared with a year earlier. The company, which keeps its books in U.S. dollars, reported a profit of $45.
Feb 22, 2023 5:45 AM
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