Consumer spending in Canada has continued to show signs of weakness over the past two months, according to fresh data from the country’s two largest banks.

One portfolio manager says gains in GameStop Corp. shares have nothing to do with the company's performance, adding that investors should stay away from the renewed enthusiasm in meme stocks.

Shopify, the Ottawa-based e-commerce giant, filed a lawsuit on Tuesday with the U.S. District Court for the Southern District of New York claiming Shopline is a “would-be Shopify competitor” that has mimicked its operations in various ways.

Hydro One Ltd. raised its quarterly dividend as it reported its first-quarter profit rose compared with a year earlier, helped by higher revenue.