Sales & Marketing
FCA and PSA Peugeot to announce merger MOU Wednesday
A merger would create the world’s fourth-largest auto company worth US$50 billion, producing 8.7 million cars a year
Cannabis company Hexo Corp. reports $62.4M first quarter loss
Hexo announced in October that it was cutting 200 jobs to adjust for expected future revenues and “ensure the long-term viability” of the firm
Sales of electric vehicles plummet in Ontario after rebate cancellation
Quebec and British Columbia, which have their own provincial rebates, have long been leading in total sales
China’s electric car sales slump, squeezing automakers
China accounts for half of electric vehicle sales worldwide, making any change in its market critical for the global industry
Ontario doing away with pot shop lottery system, looks to add more stores
The new rules will also allow legal cannabis producers to enter the retail market by opening shops on their premises
Lululemon revenue up as direct sales climb, results beat expectations
The company’s plans for future growth in China, with e-commerce in the region growing more than 60% in the quarter
Saudi Aramco inches near US$2T in day 2 of trading
The oil and gas company sits ahead of the world’s largest companies, including Apple, the second largest company valued at US$1.19 trillion
Travel company Transat AT reports fourth quarter profit up from year ago
The deal to complete the takeover of the travel company by Air Canada is still in the works
Canadians spent $908M at cannabis stores since legalization, StatCan says
Access to cannabis stores increased over the year as the number of retail stores jumped to 407 in July from 217 in March
How the financial crisis hit the Christmas tree industry and pushed up prices
U.S. demand for Canadian Christmas trees is rising, causing higher prices for consumers across the continent
