Canada

U.S.'s largest cannabis company by market cap plans to move its listing to the Toronto Stock Exchange while U.S. exchanges remain off limits

Air Canada placed Monday a "firm order" for 18 Boeing 787-10 Dreamliner aircraft, with deliveries scheduled to begin in the fourth quarter of 2025.

Canopy Growth's stock dropped back below the $1 mark Wednesday after the cannabis company registered roughly 46 million shares for sale to the public.

Aurora Cannabis Inc. ACBCA:ACB said Tuesday it has received approval to transfer its U.S. listing to the Nasdaq Capital Market from the Nasdaq Global Select Market effective today. The move will give the company an additional 180 days to regain compliance with the Nasdaq’s $1 minimum bid price requirement and comes after the stock closed below $1 for 30 straight business days. The company also said it’s buying back CAD13 million ($9.6 million) of convertible senior notes, leaving it with just $29.2 million outstanding. “The purpose of the notes repurchase transaction is to further reduce the company’s debt and annual cash interest costs, reinforcing Aurora’s commitment to achieving the target of positive free cashflow in calendar year 2024,” the company said in a statement. Aurora has bought back about $316 million in principal amount of notes since December of 2021, saving it about $24.1 million in cash interest. The Canadian cannabis company’s stock was up 0.6% premarket and has fallen 6% in the year to date, while the AXS Cannabis ETF THCX has fallen 18% and the S&P 500 SPX has gained 16%.

Bausch Health finance chief Tom Vadaketh will resign effective Oct. 13 to pursue another opportunity, the Canadian pharmaceutical company said in a regulatory filing Monday.

Oil futures end lower on Friday, but score gains for the month and quarter.

U.S. oil futures posted a climb of nearly 9% in September, but gasoline prices at the pump have declined --- and are expected to fall further thanks in part to what some analysts refer to as “seasonality.”

U.S. oil futures end at a nearly 13-month high Wednesday after official data showed a drop in U.S. crude supplies last week.

Oil futures went on a tear in the third quarter, contributing to volatility in global financial markets. Here are the main drivers.

The dollar may be a convenient whipping boy, but the blame game is hardly a profitable investment strategy.