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High Tide signs deal for majority stake in German medical cannabis company Purecan

High Tide signs deal for majority stake in German medical cannabis company Purecan

CALGARY — Cannabis retailer High Tide Inc. has signed a deal to acquire a 51 per cent stake in German medical cannabis company Purecan GmbH in a deal worth about 4.8 million euros or about $7.1 million.
Float Financial raises $70 million from Goldman Sachs, OMERS among others

Float Financial raises $70 million from Goldman Sachs, OMERS among others

TORONTO — Toronto-based Float Financial Solutions Inc. says it has signed a $70 million financing round led by Goldman Sachs' growth equity division.
Canadians' financial stress ramping up despite interest rate cuts: MNP

Canadians' financial stress ramping up despite interest rate cuts: MNP

Half of Canadians are $200 or less away from being unable to cover their monthly bills and debt payments, according to MNP Ltd.'s quarterly report on consumer debt.
China's exports in December up 10.7%, beating estimates as higher US tariffs loom

China's exports in December up 10.7%, beating estimates as higher US tariffs loom

HONG KONG (AP) — China’s exports in December grew at a faster pace than expected, as factories rushed to fill orders to beat higher tariffs that U.S. President-elect Donald Trump has threatened to impose once he takes office. Exports rose 10.
China's exports in December grew 10.7%, beating estimates amid uncertainty over trade tariffs

China's exports in December grew 10.7%, beating estimates amid uncertainty over trade tariffs

HONG KONG (AP) — China’s exports in December grew at a faster pace than expected, as factories rushed to fulfill orders amid uncertainty over trade tariffs that could be imposed by U.S. President-elect Donald Trump. Exports in December grew 10.
Delays, Trudeau resignation threaten Toronto-Quebec City high-frequency rail project

Delays, Trudeau resignation threaten Toronto-Quebec City high-frequency rail project

MONTREAL — Canadians hoping plans for high-frequency rail between Toronto and Quebec City would move forward this year will instead see further delays — and the prospect of a federal election makes the timeline more uncertain than ever.
Five things to watch for in the Canadian business world in the coming week

Five things to watch for in the Canadian business world in the coming week

TORONTO — Five things to watch for in the Canadian business world in the coming week: Joly headed to Washington Foreign Affairs Minister Mélanie Joly will head to Washington this week to press the incoming U.S.
Ottawa Food Bank reducing food sent to agencies because of mounting costs

Ottawa Food Bank reducing food sent to agencies because of mounting costs

The Ottawa Food Bank says it will reduce the amount of food it provides to programs within its network as it copes with increasing costs and growing demand for its services.
'Hell on earth': Ottawa rapper TwoTiime among Canadians displaced by L.A. fires

'Hell on earth': Ottawa rapper TwoTiime among Canadians displaced by L.A. fires

Ottawa rapper Khalid Omar, who performs under the name TwoTiime, was forced to evacuate his Calabasas condo as wildfires tore through the Los Angeles area this week, leaving the studio where he records in ruins.
Venezuela latest: Maduro sworn in for third term as global backlash and sanctions mount

Venezuela latest: Maduro sworn in for third term as global backlash and sanctions mount

CARACAS, Venezuela (AP) — Venezuelan President Nicolás Maduro was sworn in for a third six-year term Friday despite international condemnation of his recent reelection as illegitimate , as his administration grows increasingly brazen in cracking down
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