Armina Ligaya


Armina Ligaya is a Toronto-based business reporter for The Canadian Press.

Latest from Armina Ligaya

Hexo shares slip as it reports $56.7M fourth-quarter loss

Shares of Hexo Corp fell after the Gatineau-based cannabis company posted a larger-than-expected fourth-quarter adjusted loss and an inventory writedown.

Hexo cutting 200 jobs as it looks to profitability, 'long-term viability'

Cannabis company Hexo Corp is reducing its workforce by 200 jobs to adjust for expected future revenues and "ensure the long-term viability" of the firm, its chief executive said.

Companies push ahead on pot gummy plans despite hazy regulations

Chewy, colourful cannabis-infused gummies in bright colours and in the shape of animals or creatures are among the best-selling edible pot products on the black market — but Canadians shouldn't expect them on legal shelves.

Pot edibles could lead to higher life insurance premiums

Canadians looking to enjoy soon-to-be-legalized pot-infused edibles could get hit with higher insurance premiums — depending on the size of their appetites.

SEC sues Kik for US$100M for 'illegal' securities offering of digital tokens

The U.S. Securities and Exchange Commission has sued Ontario-based Kik Interactive Inc. for conducting an "illegal" US$100 million securities offering of digital tokens.

Aphria shares fall as company posts quarterly loss post legalization and writes down assets

Aphria Inc.'s first full quarter of sales since the legalization of recreational cannabis fell short of investor expectations after the company posted a steep quarterly loss, a $50-million impairment charge related to its Latin America operations and announced that Green Growth Brands had dropped its hostile takeover offer.

Banks set to reveal earnings amid wobbly housing market, interest rate uncertainty

Canada's biggest banks are set to report on what has traditionally been the strongest quarter of the year, but market volatility and slower mortgage growth during the period could weigh on their latest results.

Large Ontario cities opting out of pot shops is a 'painful haircut to expectations'

The densely populated Ontario municipalities that have said no to cannabis stores are a "painful haircut" to pot retailers' expectations, but some remain optimistic that some cities will give them the green light down the line, industry players say.

Royal Bank profit rises to record $12.4B for the year

Royal Bank of Canada reported a 15 per cent increase in fourth-quarter net income to $3.25 billion, surpassing analyst expectations to mark a new record annual profit of $12.4 billion.

Aurora Cannabis reports revenue surge in Q1, 'strong' legal pot sales

Cannabis producer Aurora Cannabis Inc. reported a surge in revenues between July and September, and "strong" recreational pot sales since Canada legalized marijuana for adult use last month.

Cannabis will soon be legal in Canada, but pot for pooches may take longer

Canadian pets are a few steps closer to getting their paws on pot-based medical treatments in Canada as more cannabis companies research marijuana's efficacy for companion animals.

Banks poised to report strong Q2 despite housing slowdown: analysts

Canada's biggest banks are upping the ante in the mortgage wars amid slowing growth and national housing sales at lows not seen in several years, but analysts say real estate market woes won't dent lenders' earnings, just yet.

Canadian and U.S. pot firms cross borders to raise money in battle for dominance

As U.S. and Canadian government policies toward marijuana grow more divergent amid Canada's push for legalization, their stock exchanges have seen a flurry of cross-listing activity from companies eager to snap up investment capital and carve out dominant positions in a growing global market.

More controls needed on sale practices at big banks, financial watchdog says

Canada's financial consumer watchdog says there are "insufficient" controls in place at the country's biggest banks to prevent sales of financial products that are misrepresented or unsuitable for consumers, and the banks' sales-focused culture elevates the risk that employees may flout consumer protection rules.

New mortgage stress test rules have borrowers flocking to alternative lenders

Mortgage brokers say the borrower rejection rate from large banks and traditional monoline mortgage lenders has gone up as much as 20 per cent after new stress test rules, and alternative lenders are seeing an uptick in business because they operate outside the tighter lending requirements.