Ethics watchdog clears finance minister on timing of 2015 stock sale

Ethics watchdog clears finance minister on timing of 2015 stock sale
OTTAWA — The federal ethics commissioner has cleared Finance Minister Bill Morneau of allegations that he and his father benefited from insider information to save half a million dollars on the sale of shares in their family-built company. Political opponents asked ethics commissioner Mary Dawson to look into several sales of millions of dollars worth of shares in Morneau Shepell Inc. in late 2015 by Morneau and... Read More

Ontario to crack down on companies breaking the law to cope with minimum wage

Ontario to crack down on companies breaking the law to cope with minimum wage
TORONTO — Ontario is vowing to crack down on companies that break the labour laws as they try to offset the added costs of a higher minimum wage, but some are accusing the Liberal government of scapegoating business for electoral gain. The province’s minimum wage increased on Jan. 1 from $11.60 an hour to $14 — and is set to rise again to $15 in 2019... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (16,317.65, down 31.79 points) Aurora Cannabis Inc. (TSX:ACB). Healthcare. Up 73 cents, or 5.55 per cent, to $13.89 on 23.2 million shares. Avesoro Resources Inc. (TSX:ASO). Miner. Up half-a-cent, or 16.67 per cent, to 3.5 cents on 16.5 million shares. Canopy Growth Corp. (TSX:WEED). Healthcare. Up $5.86, or 17.24 per cent, to... Read More

TD expects Q1 earnings to be cut by US$400 million due to U.S. tax change

TD expects Q1 earnings to be cut by US$400 million due to U.S. tax change
Toronto-Dominion Bank expects its first-quarter results will be cut by about US$400-million due to changes in U.S. taxes, but says that a lower corporate tax rate will have a positive effect on future earnings. Tax changes signed by U.S. President Donald Trump late last year cut the corporate income tax rate to 21 per cent, from 35 per cent. The... Read More

Montreal’s real estate market sizzled in 2017 with sales hitting 10-year high

Montreal’s real estate market sizzled in 2017 with sales hitting 10-year high
Montreal was one of Canada’s hottest real estate markets last year as low unemployment and economic growth translated into the area’s best sales growth in a decade. Total sales in the Greater Montreal Area increased eight per cent to 44,448 on the strength of condominium sales and good overall activity on the Island of Montreal. Sales growth exceeded 20 per cent in five... Read More

CIBC acquires tech savvy Wellington Financial, launches CIBC Innovation Banking

CIBC acquires tech savvy Wellington Financial, launches CIBC Innovation Banking
TORONTO — CIBC has signed a deal to acquire Wellington Financial as part of its plan to grow its business in the fast-moving technology sector. Financial terms of the deal were not immediately available. The specialty finance firm will become part of CIBC Innovation Banking, a new business for the big bank (TSX:CM) focused on providing strategic advice and funding... Read More

BNN to become BNN Bloomberg in new deal between Bell Media and Bloomberg Media

BNN to become BNN Bloomberg in new deal between Bell Media and Bloomberg Media
TORONTO — Business news channel BNN is going to become BNN Bloomberg this spring following a partnership deal between its corporate parent Bell Media (TSX:BCE) and Bloomberg Media. The deal will see the station add several hours of live evening television coverage of Asian markets, early morning programs from Europe and contributions from Bloomberg reporters. BNN’s website will become BNNBloomberg.ca... Read More