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Category Archives: Economic

Statistics Canada says manufacturing sales hit record high in November

Canadian manufacturing sales hit a record high in November, driven by sales of transportation equipment, petroleum and coal products and the chemical industry, Statistics Canada said Friday. The agency said manufacturing sales climbed 3.4 per cent to $55.5 billion. However, TD Bank senior economist James Marple wrote that “with November’s strength largely reflecting a reversal…

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Tilray inks deal with Shoppers Drug Mart to sell medical cannabis — if Feds give OK

Licensed marijuana producer Tilray Canada Ltd. has signed a deal to become a medical cannabis supplier to Shoppers Drug Mart. Subject to Health Canada’s approval of Shoppers Drug Mart’s application to dispense medical marijuana, Tilray will supply the retailer with Tilray branded medical cannabis products. The B.C.-based company expects the products will be sold online…

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Amazon rejection a wake-up call for Calgary's high-tech hopes

Considering Calgary’s size, Jay Gohill didn’t think his city had much of a chance to land Amazon’s coveted second headquarters. For Gohill’s tech company, it’s probably a good thing. He’s president of Arcurve, a software company with 65 employees in Calgary and Houston with clients in energy, transportation and health, among other industries. If a mammoth-sized company like Amazon…

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