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CannTrust Holdings greenhouse licenses reinstated, plans restart of operations

CannTrust Holdings greenhouse licenses reinstated, plans restart of operations

VAUGHAN, Ont. — CannTrust Holdings Inc. says Health Canada has reinstated its licenses for its greenhouse in Niagara and that it will immediately restart operations.
Canopy Growth reports $1.3B fourth-quarter loss, hits reset on strategic focus

Canopy Growth reports $1.3B fourth-quarter loss, hits reset on strategic focus

SMITH FALLS, Ont. — Canopy Growth Corp. reported a loss of $1.3 billion in its fourth quarter due to impairment and restructuring charges as the company said it would reset its strategic focus.

CWB Financial reports Q2 profit down as provisions for credit losses soar

EDMONTON — CWB Financial Group reported its second-quarter profit fell compared with a year ago as the economy tanked due to the steps taken to slow the COVID-19 pandemic and its provisions for credit losses more than doubled.
StatCan expected to report GDP down nine per cent in March, 10 per cent in Q1

StatCan expected to report GDP down nine per cent in March, 10 per cent in Q1

OTTAWA — Statistics Canada is expected to report today that economic growth swung negative in March and the first quarter as a whole due to the COVID-19 pandemic.
French carmaker Renault announces 15,000 job cuts worldwide

French carmaker Renault announces 15,000 job cuts worldwide

PARIS — Struggling French carmaker Renault on Friday announced 15,000 job cuts worldwide as part of a 2 billion-euro cost-cutting plan over three years.
Aimia vows to fight Air Canada's court move to halt upcoming merger

Aimia vows to fight Air Canada's court move to halt upcoming merger

TORONTO — Aimia Inc. says it plans to defend itself against a move by Air Canada in Quebec Superior Court to halt a merger that the smaller company sees as key to its corporate reinvention.
Rising US job losses stir fears of lasting economic damage

Rising US job losses stir fears of lasting economic damage

WASHINGTON — The coronavirus crisis threw at least 2.
Huawei's ambitions for Canada stalled by rift with China, security expert says

Huawei's ambitions for Canada stalled by rift with China, security expert says

TORONTO — Huawei Technologies Co.'s push to become a leading supplier of 5G technology in Canada appears to be in jeopardy after the Chinese tech giant's CFO suffered a legal setback in a B.C. court, prompting an angry response from Beijing.
CN Rail feeling slowdown as auto and crude revenues drop, prompting job cuts

CN Rail feeling slowdown as auto and crude revenues drop, prompting job cuts

MONTREAL — Business at Canadian National Railway Co. has gone downhill since mid-March, leading to thousands of temporary job cuts at the company as the COVID-19 pandemic rips into a sector that serves as a barometer of economic cycles.
Tesla's Musk earns $770M in stock options, company confirms

Tesla's Musk earns $770M in stock options, company confirms

DETROIT — Tesla confirmed Thursday that CEO Elon Musk will get the first tranche worth nearly $770 million of a stock-based compensation package triggered by the company meeting several financial metrics.