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Johnson & Johnson 2Q profit jumps 42% despite lower sales

Johnson & Johnson 2Q profit jumps 42% despite lower sales

Johnson & Johnson posted slightly lower sales across much of its business in the second quarter, but a big one-time gain and lower spending on marketing and administration boosted its profit a whopping 42 per cent .
Aimia shareholder Mittleman Brothers says board should not assume support

Aimia shareholder Mittleman Brothers says board should not assume support

MONTREAL — The largest shareholder of Aimia Inc. raised objections Tuesday regarding how the company went about appointing two new directors in the latest escalation of tensions between management and investors at the loyalty rewards company.
Bank of Canada to take over key interest rate benchmark for financial markets

Bank of Canada to take over key interest rate benchmark for financial markets

OTTAWA — The Bank of Canada plans to assume responsibility for a key interest rate benchmark for financial markets when enhancements are made to it next year.
Cannabis venture capital firm Canopy Rivers reports $1.8-million Q4 loss

Cannabis venture capital firm Canopy Rivers reports $1.8-million Q4 loss

TORONTO — Canopy Rivers Inc., the venture capital arm of cannabis company Canopy Growth Corp., swung to a loss in its latest quarter as its operating expenses soared. The Toronto-based firm reported Tuesday a loss of $1.

Nova Scotia frozen food company approved for $2.1 capital project rebate

HALIFAX — A prominent Nova Scotia frozen food company is in line to receive subsidies of over $2.1-million from the province's business agency. Oxford Frozen Foods Limited, the world's largest supplier of frozen wild blueberries, is planning a $8.
EU slaps sanctions on Turkey over gas drilling off Cyprus

EU slaps sanctions on Turkey over gas drilling off Cyprus

BRUSSELS — European Union foreign ministers on Monday turned up the pressure on Turkey after approving an initial batch of sanctions against the country over its drilling for gas in waters where EU member Cyprus has exclusive economic rights.
Health Canada revokes licences of pot producer Agrima Botanicals

Health Canada revokes licences of pot producer Agrima Botanicals

VANCOUVER — Cannabis producer Agrima Botanicals Corp. has had its licences revoked by Health Canada, marking the first time that the regulator has stripped away these authorizations.
TSX starts week higher while U.S. markets close at record highs on start of Q2

TSX starts week higher while U.S. markets close at record highs on start of Q2

TORONTO — Canada's main stock index started the week stronger and U.S. markets closed at record highs while Citigroup provided an early glimpse of the potential tone for the second quarter.
Cameco shares down after company says it is "disappointed" with ruling payout

Cameco shares down after company says it is "disappointed" with ruling payout

SASKATOON — Shares of uranium producer Cameco Corp. closed nearly eight per cent Monday after the company received much less than it was seeking in an arbitration dispute.

Most actively traded companies on the TSX

Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (16,510.82, up 22.70 points ). CannTrust Holdings Inc. (TSX:TRST). Health care. Up 64 cents, or 19.16 per cent, to $3.98 on 8.3 million shares.