David George-Cosh
BNN Bloomberg
Toronto, ON, Canada
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Past articles by David:
Canopy Growth shares soar amid quarterly sales boost, U.S. midterm results
Canopy Growth Corp. reported a quarterly jump in sales during its fiscal second quarter that beat analyst expectations, while still booking a loss that demonstrated the company’s ongoing challenges in the Canadian cannabis market. → Read More
Bank of Canada trims inflation, GDP outlook
The Bank of Canada has lowered its outlook on Canadian inflation and economic growth over the course of the next two years as higher interest rates and weaker demand are expected to ease cost pressures. → Read More
Bank of Canada hikes key rate three-quarters of a point to 3.25%
The Bank of Canada raised its key policy rate three-quarters of a point to 3.25 per cent Wednesday. → Read More
Hexo hits record low after Q3 results, will lay off 450
Hexo shares hit a fresh record low Wednesday after the company reported Q3 results that failed to meet analyst expectations. It also announced 450 job cuts. → Read More
Ottawa plows billions into innovation programs to spur growth
Finance Minister Chrystia Freeland plans to significantly increase Ottawa’s spending on bolstering Canada’s high-tech sector to foster economic growth and further increase the country’s competitiveness on a global scale. → Read More
Feds to establish industry panel for legal cannabis sector
Canada’s cannabis industry is finally getting an audience with Ottawa. → Read More
OSC seeks $1M fines, penalties for ex-Bridging Finance execs amid fraud allegations
The Ontario Securities Commission (OSC) is seeking a range of penalties against three former Bridging Finance Inc. executives amid formal allegations of defrauding investors out of millions of dollars, intimidating witnesses, and concealing their wrongdoing by obstructing the regulators’ investigation, according to statement of allegations released Thursday afternoon. → Read More
Higher rates needed to cool demand-driven inflation: Macklem
Raising interest rates may make it pricier for Canadian households and businesses to pay down their debt but tighter monetary policy is needed to help cool inflation, Bank of Canada Governor Tiff Macklem said in a speech. → Read More
Bank of Canada hikes rates for first time since 2018
The Bank of Canada raised its overnight lending rate by 25 basis points to 0.50 per cent on Wednesday, marking the first time the central bank has tightened monetary policy since 2018. → Read More
Canopy's steep drop in pot sales leads to Q3 revenue decline
Canopy Growth Corp. reported mixed third-quarter results on Wednesday as the company's revenue continued to decline amid a hyper-competitive Canadian cannabis market while reporting a steeper-than-expected loss. → Read More
Hexo investor tees up proxy battle amid collapsing stock
An investor in Hexo Corp. is setting the stage for a proxy fight by saying he will nominate five independent directors to the company's board at an upcoming shareholders’ meeting as he seeks to reverse the pot giant's stock slide. → Read More
Hexo outlines cost-cutting plan aimed at boosting cash flow
Hexo Corp. has outlined how it plans to generate as much as $175 million in new cash flow through a significant cost-cutting exercise one month after it announced it was overhauling its operations and leadership team. → Read More
Despite cheap valuations, pot stock outlook cloudy for 2022
After a disappointing 2021, investors may be wondering whether this is the year cannabis stocks spark back up. → Read More
Toronto housing posts record year in 2021 despite lack of listings
2021 was a banner year for Toronto's housing market. → Read More
Cannabis Canada Weekly: Outlook for 2022, CSE plans new tier to boost trading volumes
U.S. sluggish on legalization, Tilray adds U.S. distillery, and Fire & Flower strikes deal with Pineapple Express → Read More
Couche-Tard to convert dual-class shares to single stock on Dec. 8
The founders behind convenience store giant Alimentation Couche-Tard Inc. will see their voting shares exchanged for common shares on Wednesday after triggering the event once all four executives turn 65 years of age. → Read More
Canopy shakes up C-Suite in latest attempt to right-size sales slide
Canopy Growth Corp. is shaking up its senior management team, announcing the departure of two C-level executives Friday as the pot giant looks to end a string of quarterly revenue declines. → Read More
Hexo to close 3 facilities, lay off 155 in latest cost-cutting efforts
Hexo Corp. said Tuesday it plans to shutter three indoor production facilities it acquired from recent takeover deals in a move it expects to help the cannabis company become profitable. → Read More
McEwan files for CCAA after restaurant, grocery business suffers 'liquidity crisis'
The company behind Canadian celebrity chef Mark McEwan filed for creditor protection last month after the COVID-19 pandemic led to a "liquidity crisis" that made the business insolvent. → Read More
'Misleading': CN Rail fires back against TCI demands
Canadian National Railway Co. is firing back against claims made by one of its largest shareholders that its operational performance should result in sweeping management and board changes, stating that those critiques are "highly suspect" and "misleading." → Read More