Day: November 28, 2017

Most actively traded companies on the TSX

Editor
Most actively traded companies on the TSX
Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,029.64, down 12.48 points) Aurora Cannabis Inc. (TSX:ACB). Healthcare. Down 40 cents, or 4.85 per cent, to $7.85 on 45.5 million shares. Fortune Minerals Ltd. (TSX:FT). Miner. Up 3.5 cents, or 13.73 per cent, to 29 cents on 9.8 million shares. Aphria Inc. (TSX:APH). Healthcare. Down 59 cents, or 4.89... Read More

True North Commercial REIT to buy four Halifax properties for $53 million

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True North Commercial REIT to buy four Halifax properties for $53 million
TORONTO — True North Commercial Real Estate Investment Trust says it has agreed to buy four office buildings in Halifax for about $53 million. The properties house about 27,700 square metres of rentable space with 1,277 parking stalls. True North Commercial says it will finance the deal with mortgage financing of approximately $34.5 million and cash on hand. The Toronto-based firm says the deal... Read More

Total number of Canadians impacted by cyber attack passes 19,000: Equifax Canada

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Total number of Canadians impacted by cyber attack passes 19,000: Equifax Canada
TORONTO — Equifax Canada has revised the number of Canadians caught up in a massive data breach earlier this year, saying an investigation has found that more than 19,000 were affected. The company previously said about 8,000 Canadian customers had their personal information compromised in the cyber attack, but couldn’t say how many additional credit cards were impacted across the country. Equifax issued a statement... Read More

Molson Coors leaving Montreal to build brewery in south-shore city of Longueuil

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Molson Coors leaving Montreal to build brewery in south-shore city of Longueuil
MONTREAL — Molson Coors is leaving the Montreal site where it opened a brewery in 1786 and will build a new operation on the south-shore city of Longueuil. The Montreal and Denver-based brewer (TSX:TPX.B) announced its long-anticipated decision Tuesday to employees. The company confirmed in July that it will spend about $500 million to build a new facility but didn’t identify... Read More

Scotiabank Q4 profit up, submits $2.9-billion offer for Chilean bank

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Scotiabank Q4 profit up, submits $2.9-billion offer for Chilean bank
TORONTO — The Bank of Nova Scotia is doubling down on Chile with a $2.9-billion offer to buy a majority stake in a Chilean bank, as the Canadian lender’s latest quarterly profits rose despite a drop in trading revenues, natural disasters and a flying loonie. Scotiabank (TSX:BNS) said Tuesday it has submitted a binding offer to acquire Banco Bilbao Vizcaya Argentaria,... Read More

B.C. Real Estate Association predicts further dip in home sales in 2018

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B.C. Real Estate Association predicts further dip in home sales in 2018
VANCOUVER — The British Columbia Real Estate Association predicts continued cooling of the provincial housing market in 2018, but it cautions would-be home buyers that prices likely won’t soften. The association has released its 2017 Fourth Quarter Housing Forecast showing an expected 8.8 per cent decrease in residential sales across the province this year and a further 10.4 per cent decline next year.... Read More

Finance minister Morneau rejects Tory insinuation, threatens legal action

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Finance minister Morneau rejects Tory insinuation, threatens legal action
OTTAWA — Finance Minister Bill Morneau is threatening to take the Conservatives to court after the official Opposition peppered him with questions about a stock sale that occurred before he introduced pension legislation in the House of Commons. Morneau calls the insinuations by Tory finance critic Pierre Poilievre “absurd” and says they have “no basis in any sort of fact.” Poilievre says a... Read More

Home Capital vows to defend itself from possible $70M short seller claim

Editor
Home Capital vows to defend itself from possible $70M short seller claim
TORONTO — Home Capital Group Inc. said Tuesday it has received a draft statement of claim from a partnership managed by West Face Capital Inc. containing allegations of misrepresentation. The alternative mortgage lender said the draft, which has not yet been filed in court, is claiming damages of $70 million. “The company believes it has valid defences and, if West Face commences the claim,... Read More