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Canada's main stock index closes moderately higher, dollar moves lower

Canada's main stock index closes moderately higher, dollar moves lower

TORONTO — Canada's main stock index closed moderately higher in a broad advance that included a rebounding share price for troubled cannabis producer CannTrust Holdings Inc. The S&P/TSX composite index ended up 42.84 points Friday at 16,531.
T-Mobile's $26.5B Sprint deal OK'd despite competition fears

T-Mobile's $26.5B Sprint deal OK'd despite competition fears

WASHINGTON — U.S. regulators have approved T-Mobile's $26.5 billion takeover of rival Sprint, despite fears of higher prices and job cuts, in a deal that would leave just three major cellphone companies in the country.
CannTrust shares spike after CEO, chair forced out amid unlicensed grow probe

CannTrust shares spike after CEO, chair forced out amid unlicensed grow probe

VAUGHAN, Ont. — CannTrust Holdings Inc.
Alberta throttles back crude oil curtailment quotas for September

Alberta throttles back crude oil curtailment quotas for September

CALGARY — The Alberta government says it will again ease its crude oil curtailment program for September. In a news release, it says it will allow the maximum amount to be produced by the province's senior oil companies to rise to 3.
Freedom Mobile answers rivals' recent moves with limited-time offer of free phone

Freedom Mobile answers rivals' recent moves with limited-time offer of free phone

TORONTO — Freedom Mobile is using a limited-time offer of free phones to fight back against a recent change in pricing strategy by Canada's three national wireless carriers.
Dried cannabis sales see gains of 7% in May, oil sales climb 19%

Dried cannabis sales see gains of 7% in May, oil sales climb 19%

OTTAWA — Health Canada says total sales of legal dried cannabis grew seven per cent in May from the previous month as an uptick in recreational sales compensated for a steep drop in medical pot purchases.
Ottawa fines two cargo ships for speeding in right whale protection zone

Ottawa fines two cargo ships for speeding in right whale protection zone

The federal government is fining two cargo ships for allegedly breaking new speed limits introduced in an attempt to prevent endangered right whales from being struck by boats.
George Weston Q2 profit up from last year, adjusted earnings beat estimate

George Weston Q2 profit up from last year, adjusted earnings beat estimate

TORONTO — George Weston Ltd.'s second-quarter profit jumped to $184 million, up from $28 million last year, as it benefited from acquiring direct ownership of a controlling stake in Choice Properties from its subsidiary.
CannTrust fires CEO, demands chair resign amid pot growing investigation

CannTrust fires CEO, demands chair resign amid pot growing investigation

CannTrust Holdings Inc. has fired its CEO and asked its chairman to resign after the board discovered new information during an internal investigation into alleged unlicensed pot growing by the cannabis producer.
Canada's main stock index closes lower along with U.S. markets; Loonie dips

Canada's main stock index closes lower along with U.S. markets; Loonie dips

TORONTO — Canada's main stock index closed lower along with U.S. indexes as mixed earnings results put pressure on markets and questions grew about global growth. The S&P/TSX composite index ended down 123.64 points, or 0.74 per cent, at 16,488.