/Posthaste: Explosive-laden drone attack on Saudi oil facilities, Apotex accused of price fixing and a whack of pot earnings

Posthaste: Explosive-laden drone attack on Saudi oil facilities, Apotex accused of price fixing and a whack of pot earnings

Good morning!

Oil prices perked up again this morning after Saudi Arabia said explosive-laden drones had attacked two pumping stations belonging to its state-owned oil company Aramco.

Meanwhile, the number of insolvencies in Canada surged 16 per cent in March compared to the previous month, according to a report by the Office of the Superintendent of Bankruptcy Canada. Bankruptcies increased by 13.4 per cent and proposals increased by 17.9 per cent.

Canadian consumers filed the most insolvencies in eight years in March, according to Bloomberg report gleaned from the data.

For the 12-month period ending in March, the total number of insolvencies increased by 4.1 per cent compared to the same period last year.

Business insolvencies for the 12-month period ending in March, increased by 0.3 per cent compared with the 12-month period. Transportation and warehousing, and construction sectors saw the biggest increase in the number of insolvencies.

And a whack of cannabis earnings on deck today, with CannTrust Holdings, Green Organic, Aurora Cannabis, Tilray reporting.

Here’s what’s breaking this morning

  • Transport Minister Marc Garneau appears before a Senate transportation committee to discuss the controversial Bill C-48, which regulates vessels that transport crude oil from ports along British Columbia’s north coast
  • RBC Capital Markets Canadian Automotive, Industrials & Transportation Conference in Toronto
  • Canaccord Genuity Cannabis Conference in New York
  • Notable Earnings: DHX Media, Aimia, CannTrust Holdings Inc., Green Organic, Aurora Cannabis, Tilray Inc., Power Corporation, TransAlta Corp., Keyera Corp., WSP Global, Mogo Finance Technology

From its first flight as an alternative airline with just three planes in 1996 to unveiling its new Dreamliner, WestJet has travelled a long way, writes Calgary Herald’s Amanda Stephenson.

After a period of depressed prices, Bitcoin is surging again. Do you have inspiring — or horror stories about investing in cryptocurrencies? Send your tales from the cryptos to Yadullah Hussain at yhussain@postmedia.com@YAD_FPEnergy

— With files from The Canadian Press, Thomson Reuters and Bloomberg

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