Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (15,915.68, down 53.35 points) Aphria Inc. (TSX:APH). Health care. Up $1.91, or 16.44 per cent, to $13.53 on 12.02 million shares. The marijuana producer announced after markets closed on Monday that it has entered a five-year agreement to supply pharmacy chain Shoppers Drug Mart with medical cannabis. The... Read More

‘Fairness’ rhetoric masks an income tax imbalance

‘Fairness’ rhetoric masks an income tax imbalance
Not only does the top one per cent pay a disproportionate share of Canada’s taxes, its share has increased over the past two decades By Charles Lammam and Hugh MacIntyre The Fraser Institute For months, the Trudeau government has used the term “tax fairness” to justify higher taxes on entrepreneurs and incorporated professionals. While what’s a fair distribution of taxes... Read More

“Green energy” fairy tale turning into a nightmare for Canada

“Green energy” fairy tale turning into a nightmare for Canada
Trudeau and his paladins remain convinced that their green energy dream will come true, if only they believe hard enough By Gwyn Morgan Contributor Troy Media Once upon a time in a northern dominion called Canada, a thriving oil industry provided fuel for vehicles, trains and airplanes. There was also a large natural gas industry that kept the people warm... Read More

Halifax tech incubator Volta Labs triples in size, touts track record

Halifax tech incubator Volta Labs triples in size, touts track record
HALIFAX — A Halifax tech incubator is tripling in size to become what the province says will be one of Canada’s largest technology hubs. Nova Scotia Premier Stephen McNeil announced $2.25 million in funding Tuesday for Volta Labs over three years. Volta’s space in a downtown office building is growing to 60,000 square feet, from 20,000, allowing more space for startups,... Read More

Laurentian Bank reports Q4 up from year ago, raises quarterly dividend

Laurentian Bank reports Q4 up from year ago, raises quarterly dividend
MONTREAL — Laurentian Bank of Canada raised its dividend Tuesday as it reported that its fourth-quarter profit was more than double what it was a year ago. The bank (TSX:LB) increased its quarterly payment to shareholders by a penny to 63 cents per share. The higher dividend came as Laurentian reported fourth-quarter net income of $58.6 million or $1.42 per... Read More

Class-action suit against Valeant set to go to trial after court rejects appeal

Class-action suit against Valeant set to go to trial after court rejects appeal
MONTREAL — A class-action lawsuit brought on behalf of investors against Valeant Pharmaceuticals Inc. will go to trial. The Quebec Court of Appeal dismissed applications for leave to appeal from the defendants, who asked the court to review a Quebec Superior Court judge’s authorization of the suit. The class action was brought on behalf of persons who acquired securities of Valeant (TSX:VRX)... Read More

Toronto home sales in November up over October but down year-to-year

Toronto home sales in November up over October but down year-to-year
TORONTO — The Toronto Real Estate Board says the number of sales in the Greater Toronto Area in November was slightly higher than the previous month — a positive sign for the industry despite a series of year-over-year declines from last year. The 7,374 homes sold last month represented a drop of 13.3 per cent from November 2016, but 256 sales over October. The... Read More