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Hexo Corp. sells Niagara Falls cannabis facility for $10.25 million

OTTAWA — Hexo Corp. says it has sold its facility in Niagara Falls, Ont., for $10.25 million to an undisclosed buyer. The cannabis company announced in March plans to list the facility after reviewing its cultivation assets.
Canada's wealthiest one per cent hold 25.6% of riches, new PBO report says

Canada's wealthiest one per cent hold 25.6% of riches, new PBO report says

The concentration of wealth among Canada's richest one per cent is deeper than previously believed, according to a federal government report based on a new modelling approach. The top one per cent of Canada's families hold about 25.

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (15,428.69, down 87.14 points.) Bombardier Inc. (TSX:BBD.B). Industrials. Up 1.5 cents, or 3.03 per cent, to 51 cents on 18.

Health Canada certifies new ventilators ordered in wake of COVID-19 pandemic

MONTREAL — Health Canada has certified new medical ventilators that were ordered by the federal government to ensure adequate supplies for treating severe cases of the COVID-19 respiratory disease.
P.E.I. deficit balloons to $173 million as finance minister blames COVID-19

P.E.I. deficit balloons to $173 million as finance minister blames COVID-19

CHARLOTTETOWN — The COVID-19 pandemic has blown a hole through the public finances of Prince Edward Island, with the province announcing Wednesday a budget deficit for fiscal 2020-21 of $173 million.
Toronto stock market slips lower as crude prices drive down energy sector

Toronto stock market slips lower as crude prices drive down energy sector

TORONTO — Canada's main stock index moved lower midweek as falling crude oil prices hurt the energy sector. The S&P/TSX composite index closed down 87.14 points at 15,428.69. The energy sector was the big loser, plunging 4.
Enbridge says 800 staff have taken voluntary buyouts offered to cut costs

Enbridge says 800 staff have taken voluntary buyouts offered to cut costs

CALGARY — Enbridge Inc. says 800 employees have voluntarily left the company, allowing it to avoid layoffs as it cuts costs to counter impacts from COVID-19 and lower global oil prices.
Toronto arts agency lays off staff as live events 'ravaged' by pandemic

Toronto arts agency lays off staff as live events 'ravaged' by pandemic

TORONTO — The Toronto agency that operates three prestigious arts venues says additional layoffs mean 115 full-time positions have now been affected by the pandemic.

G-7 calls on China to reconsider Hong Kong security law

BERLIN — The Group of Seven leading economies is calling on China to reconsider plans to impose a national security law in Hong Kong, according to a joint statement issued Wednesday.

South American gold mine closed over union dispute following COVID-19 outbreak

TORONTO — Iamgold Corp. says it has suspended operations at its Rosebel Gold Mine in the South American country of Suriname after seven people were diagnosed with COVID-19, sparking a showdown with its union.