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Canopy Growth shares fall as fourth-quarter revenues rise, loss deepens

Canopy Growth shares fall as fourth-quarter revenues rise, loss deepens

Canopy Growth Corp's better-than-expected fourth-quarter revenues weren't enough to quell investor concern as the cannabis company's expenses ballooned, its net loss widened and medical and recreational sales activity slowed from the previous quarter

Most actively traded companies on the TSX

Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (16,525.43, down 49.40 points ). RNC Minerals (TSX:RNX). Materials. Up nine cents, or 14.52 per cent, to 71 cents, on 46.2 million shares.
Markets Right Now: Weeklong stock market rally fizzles out

Markets Right Now: Weeklong stock market rally fizzles out

NEW YORK — The latest on developments in financial markets (all times local): 4 p.m. Stocks ended a wobbly day slightly lower on Wall Street as a weeklong rally fizzled out.
Desjardins data breach affecting 2.9 million members sparks class-action lawsuits

Desjardins data breach affecting 2.9 million members sparks class-action lawsuits

MONTREAL — Desjardins Group is facing a legal backlash after a pair of class-action lawsuits were initiated in connection with a data breach affecting nearly three million members.

UAW reaches deal, ends strike at Michigan auto parts factory

SALINE, Mich. — About 1,900 workers at a key auto parts plant near Detroit have ended a nine-hour strike after reaching a tentative deal with a parts supply company.
US home sales climbed 2.5% in May amid lower mortgage rates

US home sales climbed 2.5% in May amid lower mortgage rates

WASHINGTON — U.S. home sales jumped 2.5% in May, as lower mortgage rates appeared to help buyers overcome affordability challenges. The National Association of Realtors said Friday that existing homes sold at a seasonally adjusted annual rate of 5.
Global airlines reroute flights after Iran downs US drone

Global airlines reroute flights after Iran downs US drone

DUBAI, United Arab Emirates — Major airlines from around the world on Friday began rerouting their flights to avoid areas around the Strait of Hormuz following Iran's shooting down of a U.S.
Statistics Canada says retail sales edged up 0.1 per cent in April

Statistics Canada says retail sales edged up 0.1 per cent in April

OTTAWA — Statistics Canada says retail sales edged up 0.1 per cent in April to $51.5 billion, boosted by food and drink sales and higher prices for gasoline. Economists had expected an increase of 0.2 per cent, according to Thomson Reuters Eikon.
Manulife Financial forms Indian joint venture with Mahindra Finance

Manulife Financial forms Indian joint venture with Mahindra Finance

TORONTO — Manulife Financial Corp. has signed a deal to create a retail investment joint venture in India. The Canadian company says it has formed a joint venture with Mahindra and Mahindra Financial Services Ltd.
Stocks subdued, oil keeps rising as Mideast tensions grow

Stocks subdued, oil keeps rising as Mideast tensions grow

BANGKOK — Global stock markets were subdued Friday as investors became more cautious after the S&P 500 hit a record close and amid heightened tensions in the Persian Gulf between the U.S. and Iran. The price of oil continued to rise.