The Daily Chase: Canopy Growth to cut 800 jobs; Bombardier forecasts increased jet demand
BNN Bloomberg
Canopy Growth is taking a machete to its Canadian operations as the pot producer looks to plot a path to sustained profitability.
BANK OF CANADA CONSIDERED HOLDING ON RATES
Some Interesting bits and bobs out of the first-ever summary of deliberations from the Bank of Canada yesterday, as the central bank pulled back the curtain on some of the thinking behind its latest rate decision. Notably, Tiff Macklem & Co. debated pausing on rate hikes earlier this month, before ultimately moving by another quarter percentage point (and signalling a pause) due to the continued heat in the economy. While the summary is a welcome extra bit of transparency from the central bank (and aligns closer to policies out of the U.S. Federal Reserve and Bank of England, which publish minutes), the summary wasn't exactly market moving, given the Bank of Canada had communicated a lot of the main points over the last two weeks in the wake of the decision itself.
TELUS MEETS ON REVENUE, MISSES ON PROFIT
