Toronto stock index crawls higher as shares in Bombardier soar after Airbus deal

Toronto stock index crawls higher as shares in Bombardier soar after Airbus deal
TORONTO — Canada’s main stock index eked out a minor gain today, as shares of Bombardier Inc. soared following its CSeries deal with Airbus. Shares in Bombardier (TSX:BBD.B) were the most heavily traded stock on the Toronto Stock Exchange as they gained nearly 16 per cent or 37 cents at $2.73 at the end of the trading session. The company... Read More

Canada’s supply management a flashpoint in NAFTA talks: Here’s why

Canada’s supply management a flashpoint in NAFTA talks: Here’s why
Supply management: economists love to hate it, and Canadian farmers are loathe to give it up. The politically explosive issue emerged yet again Monday as a flashpoint in increasingly heated NAFTA renegotiation talks after the United States asked for an end to the system within the next decade. So what, exactly is supply management, and why does it stir up... Read More

US homebuilder sentiment rises in October

US homebuilder sentiment rises in October
U.S. homebuilders are feeling more optimistic than they have in months, looking past a recent slowdown in new home sales and the risk of rising labour and materials costs following hurricanes Harvey and Irma. The National Association of Home Builders/Wells Fargo builder sentiment index released Tuesday rose four points to 68 this month. That’s the highest reading since May. Readings... Read More

Banking regulator’s revised guidelines include financial stress test on buyers

Banking regulator’s revised guidelines include financial stress test on buyers
TORONTO — Canada’s banking regulator has published the final changes to its guidelines for residential mortgages aimed at taking some of the risk out of the market, including a new stress test for buyers who don’t need mortgage insurance. The Office of the Superintendent of Financial Institutions said Tuesday the revised guidelines will come into force Jan. 1. Under the... Read More

Morneau’s credibility on the line as Liberals hit reset button on tax reforms

Morneau’s credibility on the line as Liberals hit reset button on tax reforms
OTTAWA — Justin Trudeau hit the reset button on his government’s controversial small-business tax reforms Monday but the awkward spectacle of the prime minister sidelining his finance minister, along with mushrooming questions about Bill Morneau’s personal financial arrangements, suggests the political crisis roiling Liberal ranks isn’t over just yet. Indeed, the controversy has morphed into a test of credibility for... Read More

Self-driving cars could ease traffic, but increase sprawl

Self-driving cars could ease traffic, but increase sprawl
BOSTON — A new study inspired by Boston’s early experiments with self-driving cars finds that the technology could ease congestion, but might also lead to more cars on the road and further encourage urban sprawl. The report, released Tuesday by the Boston Consulting Group and the World Economic Forum, is a mostly optimistic take on how autonomous vehicles could change... Read More

Shares of Bombardier up more than 20% after singing CSeries deal with Airbus

Shares of Bombardier up more than 20% after singing CSeries deal with Airbus
MONTREAL — Shares in Bombardier Inc. soared more than 20 per cent in early trading after the company gave up majority control of its CSeries aircraft program to European company Airbus Group. Bombardier shares were up 53 cents at $2.89 on the Toronto Stock Exchange, shortly after trading began Tuesday. The move followed an announcement of a partnership between the... Read More

Marijuana producer Aphria inks deal to raise $80M, shares fall after TSX notice

Marijuana producer Aphria inks deal to raise $80M, shares fall after TSX notice
LEAMINGTON, Ont. — Shares in Aphria Inc. fell nearly 10 per cent in early trading as the marijuana producer announced a deal to raise $80 million even as questions swirled about the future of its listing on the Toronto Stock Exchange. The company announced the bought-deal financing Tuesday that will see it issue more than 11 million shares at a... Read More