Number of foreign homebuyers up slightly in Metro Vancouver

Number of foreign homebuyers up slightly in Metro Vancouver
VICTORIA — The latest property transfer data released by the British Columbia government shows the percentage of sales involving foreign nationals in Metro Vancouver inched up between April and September. The data shows five per cent of the 6,105 property transfers in September involved foreign nationals, up from 2.5 per cent in April. That remains far below the percentage of... Read More

TSX sets another record high, as loonie falls after disappointing GDP report

TSX sets another record high, as loonie falls after disappointing GDP report
TORONTO — Canada’s main stock index continued its record-setting pace today, fuelled by energy gains, as the loonie fell. The S&P/TSX composite index advanced 22.81 points to 16,025.59, the second consecutive trading day it’s closed at an all-time high. The Canadian dollar was trading at an average price of 77.56 cents US, down 0.34 of a U.S. cent after a report that the Canadian... Read More

WestJet third-quarter profit up from year ago as it carries more passengers

WestJet third-quarter profit up from year ago as it carries more passengers
CALGARY — WestJet Airlines Ltd. saw its third-quarter profit grow by about 20 per cent compared with a year ago as it increased capacity and traffic. The airline (TSX:WJA) says it earned $138.4 million or $1.18 per diluted share for the quarter that ended Sept. 30. That compared with a profit of $116.0 million or 97 cents per diluted share in... Read More

Shopify shares drop as CEO addresses short-seller’s allegations

Shopify shares drop as CEO addresses short-seller’s allegations
OTTAWA — Shopify Inc.’s strong third-quarter earnings report and the CEO’s defence against “preposterous claims” by a “short-selling troll” did little to ease investor concerns as shares tumbled more than eight per cent. The company posted its first adjusted operating profit as a public company in the quarter ended Sept. 30 — a quarter earlier than anticipated — and CEO Tobias Lutke publicly addressed... Read More

Killing the goose that laid the golden egg

Killing the goose that laid the golden egg
Increasingly harsh and ever-shifting resource-related government policies are killing jobs and making Canadians poorer By Mark Milke Contributor Canadians for Affordable Energy With the cancellation of TransCanada’s proposed Energy East pipeline – after the company spent $1 billion trying to jump through ever-changing regulatory and political hoops – Canadians should remind themselves where much of our country’s recent economic uptick... Read More

B.C. government’s poverty reduction plan could include a basic income

B.C. government’s poverty reduction plan could include a basic income
VICTORIA — The British Columbia government is considering the implementation of a basic income to reduce poverty in the province. Poverty Reduction Minister Shane Simpson says the government is consulting with Ontario and other jurisdictions on its plans for a pilot project testing to see if the idea would improve health, housing and job prospects. Simpson says the government is also setting targets and... Read More

Telus International acquires Xavient Information Systems for US$250 million

Telus International acquires Xavient Information Systems for US$250 million
VANCOUVER — Telus International has signed a deal to buy Xavient Information Systems, an information technology consulting firm headquartered in California. Under the agreement, Telus will initially acquire a 65 per cent stake in Xavient with the right to acquire the remaining interest on or before Dec. 31, 2020. Vancouver-based Telus (TSX:T) says the total price to be paid, including... Read More

Constellation Brands to acquire 9.9 per cent stake in Canopy Growth for $245M

Constellation Brands to acquire 9.9 per cent stake in Canopy Growth for $245M
SMITH FALLS, Ont. — Constellation Brands has signed a deal to acquire a nearly 10 per cent stake in Canopy Growth Corp. (TSX:WEED) for $245 million, sending the Canadian marijuana company’s shares up as much as 20 per cent. Canopy chairman and chief executive Bruce Linton said the partnership marks the first major wine, beer and spirits producer to invest in... Read More

Freeland steps up diplomatic pressure on Venezuela, warns of refugee crisis

Freeland steps up diplomatic pressure on Venezuela, warns of refugee crisis
TORONTO — Foreign Affairs Minister Chrystia Freeland says Canada is concerned that the political and economic turmoil in Venezuela is becoming a humanitarian crisis. Freeland and Peru’s foreign minister are taking that message to the U.N. Secretary General this afternoon in New York City. The minister made the comment in Toronto at a conference, where she was interviewed on stage by... Read More

S&P/TSX composite breaks through 16,000 mark for the first time

S&P/TSX composite breaks through 16,000 mark for the first time
TORONTO — The Toronto Stock Exchange’s S&P/TSX composite index broke through the 16,000 mark for the first time in trading this morning, boosted by the health care and energy sectors. The S&P/TSX composite index was up 55.47 points to 16,008.98, after 90 minutes of trading. In New York, the Dow Jones industrial average was down 21.69 points to 23,412.50. The... Read More