Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (up 22.56 points to 16,136.59, a record high) Aurora Cannabis Inc. (TSX:ACB). Healthcare. Down 24 cents, or 3.31 per cent, to $7.00 on 7.2 million shares. Element Fleet Management Corp. (TSX:EFN). Financial Services. Unchanged at $10.46 on 7.01 million shares. Aphria Inc. (TSX:APH). Healthcare. Down $1.00, or 6.60 per cent, to $14.15... Read More

Toronto stock index sets record high, Wall St. mixed after Fed raises key rate

Toronto stock index sets record high, Wall St. mixed after Fed raises key rate
TORONTO — Canada’s main stock index hit a record high, while American markets were largely ahead following the U.S. Federal Reserve’s widely-expected decision to raise short-term interest rates for the third time this year. The S&P/TSX composite index was up 22.56 points to 16,136.59, after a record intra-day high set earlier in the morning at 16,187.85. In New York, the Dow Jones industrial... Read More

Empire to expand FreshCo grocery chain in Western Canada amid restructuring woes

Empire to expand FreshCo grocery chain in Western Canada amid restructuring woes
Shares of Empire Co. Ltd. were down more than five per cent on Wednesday amid news it’s planning to convert up to a quarter of stores in Western Canada to its discount FreshCo banner as it struggles with industry challenges and increased labour costs. The company made the announcement after it posted a loss in its latest quarter as it was hit by... Read More

Canadian wireless prices still high by most standards but ISED sees positives

Canadian wireless prices still high by most standards but ISED sees positives
TORONTO — Prices for some types of Canadian wireless service plans have fallen but overall they remain high compared with other countries, according to a report commissioned by the federal government. It says the biggest declines are with low-use mobile plans, which the Department of Innovation, Science and Economic Development said in a statement were cheaper in Canada than in the United States... Read More

Bitcoin and blockchain start-ups cashing in on cryptocurrency frenzy

Bitcoin and blockchain start-ups cashing in on cryptocurrency frenzy
CALGARY — The investor frenzy driving bitcoin prices to precipitous heights is playing out on stock markets as well, as companies shift focus to cryptocurrencies to get in on the latest boom. “People are trying to surf off the wave of bitcoin by strategically changing their name,” said Jean-Philippe Vergne, co-director of the Scotiabank Digital Banking Lab at Western University. “There’s always... Read More

Feds provide more details on revisions to controversial tax proposals

Feds provide more details on revisions to controversial tax proposals
OTTAWA — The federal government is releasing more details on changes to its controversial tax proposals in hopes of further addressing deep concerns over reforms that have angered the small-business community. The Liberals are tweaking a proposal that, as of Jan. 1, would tighten existing rules enabling small-business owners to lower their tax burden by distributing earnings among family members who do not make significant contributions to their companies —... Read More

The value of maple and honey production grew in 2017, says Statistics Canada

The value of maple and honey production grew in 2017, says Statistics Canada
MONTREAL — Statistics Canada says maple syrup production increased three per cent this year to a record 12.5 million gallons as taps were added in most maple-producing provinces. Quebec produced 92 per cent of Canada’s maple syrup output, rising 2.8 per cent in the year. The total output follows a bumper crop in 2016, which saw production increase 36.5 per cent nationally. That... Read More

CIBC considering U.S. stock listing for Caribbean banking subsidiary

CIBC considering U.S. stock listing for Caribbean banking subsidiary
TORONTO — Canadian Imperial Bank Of Commerce is considering a U.S. stock listing for its Caribbean bank subsidiary. The Canadian bank (TSX:CM) said no decision has been made, but a U.S. listing would provide FirstCaribbean International Bank access to a larger investor base, enhanced liquidity and greater access to capital to support long-term growth. “To be clear, FCIB is already listed on some... Read More