Air Canada losses, pension boosts and real estate trends: The business and investing stories you need to know about this week

Air Canada losses, pension boosts and real estate trends: The business and investing stories you need to know about this week

An Air Canada jet takes off from Trudeau Airport in Montreal, Thursday, June 30, 2022. Air Canada is cutting more than 15 per cent of its scheduled flights in July and August as airports face lengthy delays and cancellations amid an overwhelming travel resurgence.Graham Hughes/The Canadian Press Getting caught up on a week that got … Read more

Tilray expected to post a quarterly loss with market share losses in Canada and forex headwinds

Tilray expected to post a quarterly loss with market share losses in Canada and forex headwinds

Tilray Inc. is not expected to turn a profit in its fiscal fourth quarter when it delivers its latest results on Thursday, but analysts have at least held steady on their projected loss for the cannabis company. Wall Street analysts that follow Tilray TLRY, -3.55% TLRY, -4.13% expect the company to lose 8 cents a … Read more

Just stop it with the stop-loss orders

Just stop it with the stop-loss orders

I went to cash just before the pandemic (good) but then stayed out during the market’s big climb (bad). I started buying again last fall and am now two-thirds fully invested in high-quality dividend stocks. Here’s my question: When I buy a stock, should I be paying more attention to the stop-loss function? If so, … Read more

Why cannabis prices are plunging – unlike just about everything else

Why cannabis prices are plunging – unlike just about everything else

Kyle Yong speaks with customers at Bonnefire, a cannabis store on Queen Street West, in Toronto, March 26.Ian Willms/The New York Times News Service As Canadians deal with the highest inflation in decades and broadening price hikes, one industry remains locked in a lengthy trend of discounting and bargain rates: cannabis. Laden with inventory, producers … Read more

Canopy Growth laying off 250 staff in plan to cut up to $150-million in costs

Canopy Growth laying off 250 staff in plan to cut up to 0-million in costs

Cannabis producer Canopy Growth Corp. WEED-T is laying off 250 people, about a 10th of its staff, in a cost-cutting plan to save the company $100-million to $150-million within 12 to 18 months in order to reach profitability. The layoffs are not tied to a specific facility closing, but rather a reorganization of team structures, … Read more