Canopy Growth Corp said on Thursday it expects another three to five years to turn in a profit as Canada's largest cannabis company invests heavily to diversify and expand.
Health Canada has found fault with cannabis production at a second CannTrust Holdings Inc facility, a month after the regulator froze sales of several tonnes of marijuana grown at another one of its Ontario operations.
Canada's Cronos Group shares reversed course to trade down after the pot company forecast a wider second-half loss compared to the first, even as sales soar, as it spends on developing new products and expanding abroad.
Chesapeake Energy Corp's shares reversed course on Tuesday to trade down nearly 12% as Wall Street analysts raised concerns about the oil and gas producer's debt level and the impact of spending on its cash flow.
Canadian crude producer Imperial Oil Ltd is urging the Alberta government to further reduce its limits on output, saying that bloated inventories have dwindled enough, Chief Executive Rich Kruger said on Friday.
Canadian Natural Resources, the country's biggest oil and gas producer, is looking at taking on the Alberta provincial government's contracts to move crude by rail, a senior company executive said on Thursday.